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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: Readings and salutations.

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Speaker 2: Too bad, what's going on? They ain't even trying to

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Speaker 2: play us no more. They don't give us no ads

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Speaker 2: to that.

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Speaker 3: I appreciate that. Yes, this is gonna be glorious as always.

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Speaker 3: Anytime we get to come on YouTube, it's always a

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Speaker 3: special situation. You don't let the fan man shout out

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Speaker 3: to e y L University earns.

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Speaker 2: What's up? What's up? What's up?

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Speaker 3: What's going on? You're about to get it going.

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Speaker 2: I've unmuted myself.

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Speaker 3: Yeah, let's get the young Legend Chris Senegal in the building.

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Speaker 3: Let's get him up and running pace pace pace, There

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Speaker 3: you go, pace.

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Speaker 4: Yeah.

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Speaker 3: I hope iverybody got a chance to check out to

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Speaker 3: kill a mic epis. So that's all right now on

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Speaker 3: all platforms. The young Legend himself, Chris, what's going on? Brother?

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Speaker 2: Y'all?

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Speaker 3: Oh, we're great, bron how you.

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Speaker 5: I'm great, man, I'm great, blessed man. Can't complain, yo, man.

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Speaker 2: We gotta make it back to age down, that's a fact.

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Speaker 3: Yeah, we can't wait.

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Speaker 5: It was. It was, it was too short.

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Speaker 2: That was our first time. It was definitely a memorable one.

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Speaker 5: The right and then COVID hit right before you all

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Speaker 5: were coming back, right, Yeah, we was.

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Speaker 3: We was talking to you, man, I was talking to you,

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Speaker 3: trying to work out like venues and eights and all that.

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Speaker 3: Then she was like they had the rodeo going on,

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Speaker 3: and there was a bunch of stuff. We had to

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Speaker 3: push it back because we had Philly and we actually

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Speaker 3: could we couldn't get either one off. We had to

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Speaker 3: cancel Philly like two days before, and Houston was supposed

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Speaker 3: to be after Philly. So yeah, God willing whenever this

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Speaker 3: thing clears up finally, Man, coming back to Houston, full

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Speaker 3: full steam ahead.

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Speaker 5: Gotta make it happen, Man, gotta make it happen.

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Speaker 2: We had a good time out there.

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Speaker 3: Chris shout out to Ahetown. Man, shout out at Ashtown

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Speaker 3: for sure. Man. So yeah, man, we're gonna just, you know,

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Speaker 3: let people settle in here. But once again, thank you

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Speaker 3: for joining us. I feel like, you know, we just

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Speaker 3: shot your episode. It's crazy how time flies.

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Speaker 5: That was man. Yeah really but man, just watching the

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Speaker 5: trajectory of ey L Man, it's been it's been phenomenal

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Speaker 5: to watch.

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Speaker 2: Man.

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Speaker 5: I'm like the biggest fan.

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Speaker 2: Yeah, man, we shot that, We shot your episode. We

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Speaker 2: went to we did our Houston open house in a sense,

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Speaker 2: really meet and greet. I was like, yo, man, we

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Speaker 2: got a special one with you.

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Speaker 5: I love that.

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Speaker 2: Yeah.

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Speaker 3: That was that was dope, man, that was dope. So Yeah,

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Speaker 3: if anybody's not familiar Chris Senegal a legend in his

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Speaker 3: own right episode thirty six and earlyer Lisia, you should

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Speaker 3: definitely check that outf you get a chance. So at

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Speaker 3: the time, this is actually dope because at the time

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Speaker 3: he was like in the process of like he brought

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Speaker 3: a whole block in Houston. So I won't go over

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Speaker 3: the whole story because it's in the episode. So how

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Speaker 3: is that. You know, he was a real estate developer,

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Speaker 3: and then he brought a whole block in Houston, Texas

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Speaker 3: in the fifth Ward, which at the time was run

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Speaker 3: down like prostitution, drugs, stuff like that, and he changed

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Speaker 3: the whole the whole face of the block and he

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Speaker 3: put like townhouses up. But what makes him different is

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Speaker 3: that he's not just you know, bringing people in, just

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Speaker 3: you know, gentifying the neighborhood. So what happens a lot

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Speaker 3: of times and being poor, working class neighborhoods is that

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Speaker 3: you know, people do well for themselves, Right, they grow

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Speaker 3: up in the neighborhood, but they might become a doctor,

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Speaker 3: a lawyer, accountant, or whatever. Right, maybe they get a

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Speaker 3: six figure job and then they move into the suburbs.

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Speaker 3: So the problem with doing that is that now, as

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Speaker 3: we put in the post today, the suburbs the dollars,

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Speaker 3: it helps their school district, that helps their roads that

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Speaker 3: you know, their infrastructure. And meanwhile the hood place you

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Speaker 3: grew up in, I gets that. But what does come

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Speaker 3: is that now people that are not from that neighborhood

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Speaker 3: come into that neighborhood and then they start investing. And

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Speaker 3: now what happens is that the people that the culture

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Speaker 3: actually changes and the people gets pushed out. So he

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Speaker 3: had the idea, like to say, okay, well, why don't

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Speaker 3: we bring the people that are originally from this neighborhood.

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Speaker 3: They got families in this neighborhood that grew up in

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Speaker 3: this neighborhood or just grew up in similar type of neighborhoods,

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Speaker 3: and bring them back. Right, so working class professionals instead

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Speaker 3: of going to the suburbs, come back into the inner city,

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Speaker 3: and let's change the culture of it, like let's get

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Speaker 3: better schools, let's get you know, let's make it a

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Speaker 3: safe environment, let's do all that, but let's do it responsibly.

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Speaker 3: So he was like the first person that we really

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Speaker 3: interviewed that had that strategy. And so from now and

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Speaker 3: I'll let him tell it better than I can. But

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Speaker 3: from that point until now he brought and sold. He

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Speaker 3: built and sold five homes. He started working on eight.

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Speaker 3: He started, he's starting working on eight next month. He

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Speaker 3: purchased eighteen houses in two commercial buildings in March, and

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Speaker 3: so he's actually like in the process of actually buying

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Speaker 3: back the block in real time.

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Speaker 2: So it's fitting because shout out, shout out to Houston.

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Speaker 2: But like when I think of Houston, I think a

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Speaker 2: scarface and his knee had to saw my block. Yeah,

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Speaker 2: I'm looking like, yo, Chris really did it. And this

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Speaker 2: whole happens when we went there. We stayed in the

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Speaker 2: fifth ward, third ward door door World, third Ward, and

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Speaker 2: I was like, yo, I remember one day we lost

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Speaker 2: I thought we lost Shotty. I was like, yo, broo,

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Speaker 2: anybody seem shoty And yeah, we couldn't find him. Be like, yo, damn,

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Speaker 2: I think somebody followed us to the crib. Bro they

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Speaker 2: got him. He's like walking like aimlessly down the block,

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Speaker 2: like this is a nice neighborhood. He's like, you know,

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Speaker 2: I just saw Chris Senegal. He's scouting.

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Speaker 3: They thought I got kidnapped. We thought he got was

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Speaker 3: running out the house, Like where is he? Where's he at?

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Speaker 3: Like I'm like, yo, I just took a shoulder the neighborhood. Man.

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Speaker 3: They literally thought I got kidnapped Houston, right. But but yeah,

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Speaker 3: so Chris, So what we're going to do is I'm

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Speaker 3: gonna let you go through your presentation all that, but

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Speaker 3: before we even start anything that I missed out as

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Speaker 3: far as the backstory or where you're at now, as

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Speaker 3: far as the development things of that nature.

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Speaker 5: Man, you hit all important points. I mean, you know,

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Speaker 5: we got two different projects. One is, you know, the

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Speaker 5: new construction bringing in the higher incomes back to the community,

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Speaker 5: and the other one is that eighteen house portfolio bought

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Speaker 5: is specifically to protect the existing residents. You know, we

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Speaker 5: can try to get the city to control the rents

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Speaker 5: or whatever, talk about, you know, stopping gentrification, but we

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Speaker 5: can't stop it. The only way you really control the

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Speaker 5: rents is to own the real estate that the rents

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Speaker 5: come from. And so that's been my focus, man, just

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Speaker 5: trying to show that we can do both sides. So yes,

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Speaker 5: I'll get into a little presentation. We'll talk about that

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Speaker 5: in a.

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Speaker 3: Second, all right, So let's get into it. So before

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Speaker 3: we start, we're going to welcome everybody. So what we

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Speaker 3: do we do this, We do this once a month

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Speaker 3: at the end of the month. So we have eyl University,

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Speaker 3: and part of Eyo University is that we do weekly classes.

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Speaker 3: Like we do a class every single week every Wednesday

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Speaker 3: at eight o'clock Eastern Standard time, and then at the

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Speaker 3: last Wednesday of each month, we open it up for

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Speaker 3: the public so they can like you know, have like

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Speaker 3: an open house. It's kind of like an open house

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Speaker 3: type deal. So what we do with the Eyo University

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Speaker 3: classes is that different from the podcast where it's it's interactive.

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Speaker 3: So a teacher or a presenter comes on and they

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Speaker 3: they give like a twenty minute PowerPoint presentation on it

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Speaker 3: on a different topics, and then members from Eyo University

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Speaker 3: then they engage with them, they ask questions and it's

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Speaker 3: like an interactive it's a new way of learning. So

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Speaker 3: what we did with Eyo University, we think is really

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Speaker 3: create a personal finance school bigger than just investing, because

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Speaker 3: it's like you could just watch market Mondays just for

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Speaker 3: investment tips, but Eyo University is a whole personal finance school. So,

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Speaker 3: like this month, the classes that we had was disability insurance.

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Speaker 3: We had how to start a marijuana company with two

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Speaker 3: thousand dollars, and we had car buying class. And then

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Speaker 3: next next Wednesday, we have the class about Africa real estate.

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Speaker 3: How do it invest in Ghana real estate? International real estate?

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Speaker 3: So we got a lot of international people and we

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Speaker 3: want to start doing more international stuff. But even if

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Speaker 3: you live in America, Ghana is on fire right now.

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Speaker 3: So each and every week we do we do a

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Speaker 3: different class.

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Speaker 2: November we got some heat coming. Yeah, we got some heat.

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Speaker 3: And then in addition to that, we got the book

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Speaker 3: and movie club yep, headed up by you.

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Speaker 2: Yeah yeah. Right now we're doing a money Master of

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Speaker 2: the Game and that's been going crazy every week. I mean,

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Speaker 2: I think we hit a record last week. We had

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Speaker 2: like almost four hundred people in our book club. It

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Speaker 2: was absolutely amazing. And it's more than a book club.

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Speaker 2: It becomes like this therapeutic session on finance and real estate,

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Speaker 2: and then it becomes like, Yo, I found my partners.

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Speaker 2: Inside of that, we have what we call triads, which

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Speaker 2: is like three people that are finding the ways that

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Speaker 2: they have in common and becoming accountability partners for each other.

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Speaker 2: So it's like yo, that could be my business partner,

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Speaker 2: or could just be somebody that's pushing me to find

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Speaker 2: my goals or reach my goals. And what we've noticed

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Speaker 2: is like, this is dope. It's like sometimes you tell

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Speaker 2: the person close to you your goals and they don't

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Speaker 2: believe in you. But when you tell a stranger of

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Speaker 2: your goals, all they know is your goals. They don't

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Speaker 2: know anything about out you but the goal, and they

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Speaker 2: try to help you reach. And I think that's one

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Speaker 2: of the beautiful things that we find inside of our

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Speaker 2: accountability triad. So it's dope.

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Speaker 3: Yeah, So we got that. Then we got the private

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Speaker 3: Facebook group, which is an investment group, and that's a

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Speaker 3: community within itself, over four thousand members in there. And

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Speaker 3: then we have bi weekly real estate calls and Mortgage

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Speaker 3: God every other Sunday, MG he gets on it. It's

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Speaker 3: just like a two hour, three hours, sometimes even four

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Speaker 3: hour just real estate call and they just talk about

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Speaker 3: a variety of different real estate calls. And then once

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Speaker 3: a month I do financial planning calls. Everybody knows I'm

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Speaker 3: a financial advisor. And what happened is that I put

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Speaker 3: my schedule up and it just became too much. It

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Speaker 3: became overwhelming for me to actually take calls, so I

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Speaker 3: limited that and I realized that a lot of people

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Speaker 3: had the same question. So every single month, sit down

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Speaker 3: for about two hours on a Saturday and we talk

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Speaker 3: about financial planning and go over different stuff life, insurance, retirement,

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Speaker 3: you know, just different financial planning topics. So all of that,

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Speaker 3: and then we have orientation orientation.

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Speaker 2: Yeah. Yeah, So every month now that we get new

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Speaker 2: earners coming in and were treating us like the school,

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Speaker 2: Eyo University, we have orientation. So some people get they

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Speaker 2: come into and they're just like overwhelmed by the information because,

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Speaker 2: like I said, we're not just cappin when we're telling you,

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Speaker 2: like there's a lot of courses, a lot of content.

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Speaker 2: So we have an orientation that can help you and

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Speaker 2: guide you through that process, walk you through it, find

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Speaker 2: a track for you, right cause some people may say,

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Speaker 2: like real estate is not my thing, Well we got

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Speaker 2: over seventy courses, what is your thing? And so you

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Speaker 2: find the track and you follow it. And that's kind

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Speaker 2: of what makes it dope about having accountability partners and

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Speaker 2: triads is that you're going to find people who are

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Speaker 2: on similar tracks. So everybody's pushing forward in the same direction,

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Speaker 2: whatever direction you choose.

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Speaker 3: Yeah, that's a fact. So yeah, so I say, I

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Speaker 3: have to say, this is like open house. Once a month,

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Speaker 3: we do this open house situation, and it's a lot.

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Speaker 3: It's a lot. So the reason why, like the price

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Speaker 3: keeps going on and it's still undervalue. It's three hundred

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Speaker 3: and sixty dollars for the entire year, but we're adding

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Speaker 3: to it. So it's an ongoing thing. So as we

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Speaker 3: add to it, we have different overhead, we have staff, now,

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Speaker 3: we have different you know. So this we have we're

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Speaker 3: running a promo hold forty percent off the whole entire

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Speaker 3: year annual membership and three hundred and sixty dollars, which is,

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Speaker 3: like I said, that's like a night in Atlanta for

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Speaker 3: twenty four hours, twenty four hours from from right now

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Speaker 3: twenty four hours, and then after that you can still join.

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Speaker 3: It's just you know, slightly higher membership. It's like a

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Speaker 3: stock once you get in. Some people got it are

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Speaker 3: ninety nine dollars and it's only going up from there

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Speaker 3: because it's just added value. We're gonna make this bigger

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Speaker 3: than Phoenix University. This is going to be the biggest

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Speaker 3: all Loine University in existence. So I'm gonna put the

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Speaker 3: link in and it's only for the link. Can we

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Speaker 3: try to make this as easy as possible. There's no

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Speaker 3: code or anything, it's just the link. The link. I'm

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Speaker 3: gonna pin the link in YouTube. It's in the description

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Speaker 3: if you want to join forty percent off twenty four hours.

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Speaker 3: So Chris, let's get into.

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Speaker 5: It, all right, let's go. Let's go. Let me see,

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Speaker 5: let me share my screen.

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Speaker 3: Does he have to do something to share it or no?

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Speaker 2: He's a host now? Okay, yeah, let me I got

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Speaker 2: it here.

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Speaker 3: Yeah, Chris is a tech guy, so I know he knows.

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Speaker 2: Engineer in his own right. Chris is let's see, yeah,

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Speaker 2: we see you over here.

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Speaker 5: Okay, let me make sure it's not let me see

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Speaker 5: slash over from beginning.

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Speaker 3: There we go.

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Speaker 5: All right, So how to buy the block? I appreciate

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Speaker 5: the opportunity guys, for y'all to have me on today.

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Speaker 5: This topic is very near and dear to me because

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Speaker 5: I've been an investor since two thousand and eight. I

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Speaker 5: did the typical fix and flip model at the wholesale model,

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Speaker 5: and what I realized was that, man, sometimes it's such

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Speaker 5: a capitalistic business, and you're trained by other capitalists that

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Speaker 5: don't have the same background as you, that they'll train

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Speaker 5: you do some things that actually sometimes can't hurt the community,

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Speaker 5: or they'll teach you how to make money in the

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Speaker 5: community but not actually own the community long term. And

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Speaker 5: so for me, I just had an AHA moment one

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Speaker 5: day and I had epiphany. I was like, well, you know,

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Speaker 5: we're always talking about these things that happened in our neighborhoods,

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Speaker 5: and I know other people that look like me that

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Speaker 5: are investors, but nobody's really talking about how to tackle

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Speaker 5: this challenge, this gentrification issue. How do we start controlling

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Speaker 5: these neighborhoods again. So that's been missioned since about twenty twelve.

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Speaker 5: In twenty thirteen when I bought that first block that

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Speaker 5: you talked about. So let's just start with the definition

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Speaker 5: of gentrification, the process by which a part of a

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Speaker 5: city changes from being a poorer area to a richer

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Speaker 5: one and people from a higher social class are beginning

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Speaker 5: to move in. Usually, if no one advocates for the

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Speaker 5: poorer residents, they become displaced. So let's get this out

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Speaker 5: the way. I saw the post that y'all made earlier

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Speaker 5: and I saw the comments under the post, and it's like, man,

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Speaker 5: we all know the problems. We all know about slavery,

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Speaker 5: we all know about red lining, we all know about

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Speaker 5: all the other injustices that we have. At some point

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Speaker 5: we got to start focusing on the solutions to these problems.

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Speaker 5: And it's okay to regurgitate them, and it's okay to

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Speaker 5: be a debater, it's okay to be a historian, but

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Speaker 5: what about the future. And this quote by Will Smith

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Speaker 5: when he first got on Instagram always resonates with me.

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Speaker 5: It's like, it may not be your fault that something

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Speaker 5: happened to you, but it's damn sure your responsibility to

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Speaker 5: fix it. And so that's exactly where I am. So

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Speaker 5: my mission changing their gentrification through redevelopment that balances the

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Speaker 5: opportunity to attract higher income people originally from similar communities

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Speaker 5: out of the suburbs while ensuring existing residents are not

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Speaker 5: displaced in the process. So let's talk about revitalization and

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Speaker 5: plus gentrification always a debate, okay. So everything has a

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Speaker 5: life cycle, including a neighborhood. It has a life cycle, guys,

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Speaker 5: So everything has to start over at some point or

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Speaker 5: either it's just gonna die. You know, we can't just

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Speaker 5: let everything stay where it is, So we either revitalize

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Speaker 5: and have community controlled narrative or we stand back and

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Speaker 5: let somebody else do it from the sideline, right, and

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Speaker 5: then that's controlled specifically by outside groups that want profit,

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Speaker 5: and that's what we usually associate with the term gentrification with.

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Speaker 5: So then you know, like I said, I was doing

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Speaker 5: this back in twenty and thirteen, twenty fourteen, but this

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Speaker 5: trendy phrase came up, you know, about two years ago,

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Speaker 5: called buying the block, and I'm like, okay, wait a minute,

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Speaker 5: I guess I guess that to fine what I'm doing.

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Speaker 5: So we are trying to acquire and control the redevelopment

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Speaker 5: of real estate in our historic neighborhoods. So let's talk

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Speaker 5: again about the problems we all know about and the

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Speaker 5: history that we don't think to mention. Sometimes all these

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Speaker 5: neighborhoods are disadvantaged for the most part, but they once

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Speaker 5: thrived with people from all economic classes. And what do

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Speaker 5: I mean by that, Well, before desegregation, all of those vacant,

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Speaker 5: run down commercial buildings you see in these poor neighborhoods

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Speaker 5: used to be vibrant businesses. The doctors, the lawyers, the carpenters,

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Speaker 5: the movie theaters, the restaurants. Everything that we did not

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Speaker 5: have the right to patronize in another community was in

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Speaker 5: these communities, and we patronized all of those things. So

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Speaker 5: let's not think about it as always been a horrible

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Speaker 5: place to be. At one point in time, it thrived.

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Speaker 5: Here's another thing to look at. Businesses like grocery stores

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Speaker 5: are scarce in our communities, but when these neighborhoods thrived

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Speaker 5: during that same timeframe, the businesses were actually owned by

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Speaker 5: the people in the community and they were sustainable. So

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Speaker 5: if it happened before, it can happen again. So my

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Speaker 5: goal has been how do we how do we go

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Speaker 5: in these neighborhoods. How do we buy the block and

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Speaker 5: do it without displacing existing residents. So it took me

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Speaker 5: about two or three years to really come up with

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Speaker 5: a model that would work. I bought the property in

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Speaker 5: twenty thirteen, but I really didn't know what I was

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Speaker 5: going to do with it. And you know, eventually I

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Speaker 5: came in and I put these key pieces together so

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Speaker 5: we can go into the communities that we can invest

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Speaker 5: in the vacant property in the abandoned property and the

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Speaker 5: neglected property, the drug houses, the houses that attract criminal activity, right,

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Speaker 5: not going on knocking on doors asking the seniors to

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Speaker 5: sell their house, not taking advantage of people that are,

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Speaker 5: you know, in desperate financial situations. Let's focus on these

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Speaker 5: properties in the first bullet number one. Number two. Try

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Speaker 5: to keep rates affordable. If you're going to go in

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Speaker 5: the community and buy rental properties, Okay, what that means

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Speaker 5: is sometimes you're taught go in and renovate it and

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Speaker 5: make it as nice as possible, which means your investment

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Speaker 5: has to be larger on the front end. In exchange,

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Speaker 5: you have to demand more for the rent right. But

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Speaker 5: if you can buy a rental property that's in decent

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Speaker 5: condition and the tenant is happy with the way it is,

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Speaker 5: you don't have to invest so much on the front end.

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Speaker 5: You can still structure a deal where you get a

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Speaker 5: good return if you're a good negotiator, where you buy

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Speaker 5: it at the right price so then the person can

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Speaker 5: stay right there where they are. The third component is

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Speaker 5: one of the hardest components. How do we prevent home

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Speaker 5: ownership loss due to higher taxes. That's going to be

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Speaker 5: more of a political play where we have to get

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Speaker 5: with politicians that do this and other It's already implemented

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Speaker 5: in some cities where if you've owned your home for

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Speaker 5: longer than a certain amount of time, you're an exempt

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Speaker 5: from property tax increases. And so that needs to be

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Speaker 5: something that we need to focus on in these communities

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Speaker 5: to make this buy the block model really work without

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Speaker 5: being a detriment to the community. Okay, So when is

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Speaker 5: the right time to buy in these neighborhoods. Okay, here's

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Speaker 5: a couple of key points. I'm not talking about a

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Speaker 5: war zone. I'm not talking about anywhere it still is

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Speaker 5: super hood, you know. We are talking about areas in

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Speaker 5: the communities where there's already some sign of something positive happening. Okay,

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Speaker 5: and just remember, even if you see an abandoned community

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Speaker 5: that looks like it has a lot of potential. Bullet

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Speaker 5: number two is very important. It's harder for you to

402
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Speaker 5: spark this revitalization and get a return on investment if

403
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Speaker 5: you are the only catalyst. You have to go in

404
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Speaker 5: the communities where there's already something kind of going on

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Speaker 5: and we still have an opportunity to step in front

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Speaker 5: of it, and instead of trying to stop you know,

407
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Speaker 5: the redevelopment and calling it gentrification. Let's participate in it.

408
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Speaker 5: Let's control the narrative. Let's control parts of everything that's

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Speaker 5: going on in the community. Okay, So things you want

410
00:19:54,000 --> 00:19:56,040
Speaker 5: to look for when you see announcements of projects in

411
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Speaker 5: the newspaper, on the news, city council meetings, from other

412
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Speaker 5: people that are in real estate, that you know, people

413
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Speaker 5: that are networking with developers or builders, people you know

414
00:20:06,800 --> 00:20:10,199
Speaker 5: in your community that are investors. You know when you

415
00:20:10,240 --> 00:20:13,800
Speaker 5: hear these types of announcements, and that lets you know

416
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Speaker 5: something is coming. You know, the second Burger King figures

417
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Speaker 5: out where McDonald's put a land purchase contract in, they're

418
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Speaker 5: going to try to buy land right next to them

419
00:20:21,840 --> 00:20:24,960
Speaker 5: right same thing with Walgerys and Cvs. So as the

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Speaker 5: smaller guys in this play, as we're trying to independently

421
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Speaker 5: control and buy back these blocks, we need to be

422
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Speaker 5: following the big boys. You know it's gonna happen. We

423
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Speaker 5: can't fight them, we can't stop them, so we might

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Speaker 5: as well participate. Another good thing to look at as

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Speaker 5: a city activity, uhh, when a city activity picks up

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Speaker 5: in a neighborhood on the private real estate side, Okay,

427
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Speaker 5: when a particular neighborhood where you didn't see a new

428
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Speaker 5: construction before and now you start seeing for sale signs

429
00:20:50,960 --> 00:20:54,040
Speaker 5: and you see active construction work going on, that's probably

430
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Speaker 5: a good community, especially if it's one of our communities.

431
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Speaker 5: That's a good time for you to start saying, Okay,

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Speaker 5: this might be a neighborhood that I might want to

433
00:20:59,800 --> 00:21:02,080
Speaker 5: look at trying to buy a block with okay, and

434
00:21:02,119 --> 00:21:05,320
Speaker 5: then the city initiatives to spark redevelopment. That's on the

435
00:21:05,359 --> 00:21:08,040
Speaker 5: public side. So when you see the city going into

436
00:21:08,080 --> 00:21:11,640
Speaker 5: community and they're repaving streets and they're putting in sidewalks,

437
00:21:11,760 --> 00:21:14,760
Speaker 5: and they're updating signs, and they're putting in bike paths,

438
00:21:15,000 --> 00:21:16,919
Speaker 5: they're doing all of that because that's kind of the

439
00:21:16,960 --> 00:21:21,280
Speaker 5: extent that the public the government can do to entice developers.

440
00:21:21,320 --> 00:21:23,720
Speaker 5: They want developers to see this and investors to see

441
00:21:23,720 --> 00:21:25,520
Speaker 5: this and say, Okay, this is a neighborhood I want

442
00:21:25,520 --> 00:21:28,280
Speaker 5: to be in. So if you look for these signs

443
00:21:28,320 --> 00:21:30,720
Speaker 5: before all the houses have gone up and before everything

444
00:21:30,760 --> 00:21:33,760
Speaker 5: looks nice, these are neighborhoods that we should be trying

445
00:21:33,760 --> 00:21:36,120
Speaker 5: to buy the block in, especially if there are communities.

446
00:21:37,440 --> 00:21:41,280
Speaker 5: So how do we successfully execute buying back the block. Okay,

447
00:21:41,440 --> 00:21:45,639
Speaker 5: So number one, when it comes to buying blocks, if

448
00:21:45,640 --> 00:21:48,720
Speaker 5: you're going to do something bigger than individual houses, you

449
00:21:48,880 --> 00:21:51,240
Speaker 5: don't want to get a big plan together. You don't

450
00:21:51,280 --> 00:21:53,040
Speaker 5: want to spin your wheels on things if you do

451
00:21:53,119 --> 00:21:56,280
Speaker 5: not have site control. Site control is the single most

452
00:21:56,320 --> 00:21:58,960
Speaker 5: important part of that process, because what happens is you

453
00:21:59,000 --> 00:22:02,080
Speaker 5: put this tremendous plan together and either the seller decides

454
00:22:02,119 --> 00:22:05,160
Speaker 5: they don't want to sell, or you don't have all

455
00:22:05,240 --> 00:22:08,040
Speaker 5: of the properties together that you need for the project,

456
00:22:09,119 --> 00:22:12,639
Speaker 5: or they get wind of something else and they increase

457
00:22:12,720 --> 00:22:16,080
Speaker 5: their price on you, and so all of these factors

458
00:22:16,160 --> 00:22:18,080
Speaker 5: will end up with you doing all this work, all

459
00:22:18,080 --> 00:22:20,159
Speaker 5: this planning, and then you have no property to actually

460
00:22:20,200 --> 00:22:22,640
Speaker 5: use it for. So all that time and money is wasted. Right,

461
00:22:22,880 --> 00:22:25,000
Speaker 5: So there's several ways you get site control. Number one,

462
00:22:25,400 --> 00:22:27,560
Speaker 5: just make sure you have the property under a solid

463
00:22:27,640 --> 00:22:31,320
Speaker 5: contract at a set purchase price with a certain timeframe

464
00:22:31,400 --> 00:22:35,000
Speaker 5: on it. Okay, that way, if it's one piece of

465
00:22:35,040 --> 00:22:37,320
Speaker 5: property that you need for this entire project, then you

466
00:22:37,400 --> 00:22:40,760
Speaker 5: know you have control of that. Number two is kind of,

467
00:22:40,920 --> 00:22:44,440
Speaker 5: you know, obvious outright purchase, but that's not practical in

468
00:22:44,480 --> 00:22:47,120
Speaker 5: most situations, just going out and buying a whole block

469
00:22:47,160 --> 00:22:50,879
Speaker 5: and paying for cash is not really practical. And then

470
00:22:50,920 --> 00:22:54,200
Speaker 5: the third one is an option to purchase. So if

471
00:22:54,240 --> 00:22:56,119
Speaker 5: you have a project that you want to that you

472
00:22:56,200 --> 00:22:59,840
Speaker 5: want to take on, and let's say it's five or

473
00:22:59,840 --> 00:23:02,000
Speaker 5: six different owners, seven different owners, and you don't know

474
00:23:02,040 --> 00:23:04,199
Speaker 5: if all of them are gonna want to sell, You

475
00:23:04,240 --> 00:23:06,320
Speaker 5: don't know if their price points are going to be

476
00:23:06,359 --> 00:23:08,360
Speaker 5: reasonable if they do want to sell, what you want

477
00:23:08,400 --> 00:23:10,879
Speaker 5: to do is execute options to purchase. And what that

478
00:23:11,000 --> 00:23:14,160
Speaker 5: is is you go from owner to owner and you say, hey,

479
00:23:14,200 --> 00:23:17,199
Speaker 5: mister owner, let's negotiate. Let's come to a price that

480
00:23:17,240 --> 00:23:19,760
Speaker 5: we both agree on. I'm not buying your property today,

481
00:23:20,760 --> 00:23:23,119
Speaker 5: but if you give me a year, you give me

482
00:23:23,160 --> 00:23:27,080
Speaker 5: two years, and I can pull this thing together that

483
00:23:27,080 --> 00:23:29,679
Speaker 5: I'm trying to do. You have to allow me to

484
00:23:29,720 --> 00:23:33,320
Speaker 5: buy your property at this price. Okay. In exchange for that,

485
00:23:33,600 --> 00:23:35,680
Speaker 5: I'm gonna give you this money. Could be one thousand dollars,

486
00:23:35,720 --> 00:23:37,840
Speaker 5: could be five hundred dollars, whatever. Hey, if you never

487
00:23:37,840 --> 00:23:40,800
Speaker 5: hear from them again, this is your thousand dollars, you know.

488
00:23:40,880 --> 00:23:44,280
Speaker 5: But if I come back to you in a year

489
00:23:44,600 --> 00:23:46,960
Speaker 5: and I'm ready to buy then we have to follow

490
00:23:46,960 --> 00:23:49,600
Speaker 5: through on this contract, and so that allows you to

491
00:23:49,640 --> 00:23:53,080
Speaker 5: control each individual partial until you get them all together

492
00:23:53,160 --> 00:23:56,560
Speaker 5: for the project that you're trying to do. Okay, next

493
00:23:56,720 --> 00:23:59,760
Speaker 5: most important step is planning and design, because you have

494
00:23:59,840 --> 00:24:02,359
Speaker 5: to really understand what's going to take to pull this

495
00:24:02,480 --> 00:24:05,280
Speaker 5: concept off that you're trying to implement. Now, if you're buying,

496
00:24:06,200 --> 00:24:07,879
Speaker 5: if you're trying to buy more than one property in

497
00:24:07,880 --> 00:24:10,480
Speaker 5: their rental properties, like I said earlier, and there's already

498
00:24:10,560 --> 00:24:13,040
Speaker 5: tenants there, then you know this process is going to

499
00:24:13,080 --> 00:24:15,560
Speaker 5: be a lot easier for you because you don't have

500
00:24:15,640 --> 00:24:18,000
Speaker 5: a lot of work to do on the front end, right,

501
00:24:18,040 --> 00:24:21,199
Speaker 5: You don't have a lot of expenses that in the

502
00:24:21,240 --> 00:24:23,520
Speaker 5: real estate development world is called soft costs. These are

503
00:24:23,520 --> 00:24:26,560
Speaker 5: things that are intangible, Like once you spend the money,

504
00:24:26,560 --> 00:24:29,200
Speaker 5: the money's gone. Once you pay an architect for design work,

505
00:24:29,400 --> 00:24:32,760
Speaker 5: whether the project gets started or not, that's gone, right,

506
00:24:34,040 --> 00:24:39,320
Speaker 5: The permitting fees, paying for engineers, all that kind of stuff. Construction,

507
00:24:39,400 --> 00:24:40,760
Speaker 5: of course, construction is going to be one of your

508
00:24:40,760 --> 00:24:43,160
Speaker 5: biggest expenses because you want to make sure that while

509
00:24:43,160 --> 00:24:46,320
Speaker 5: you have site control, you really understand what the cost

510
00:24:46,320 --> 00:24:49,239
Speaker 5: of this entire project is going to be and then

511
00:24:49,280 --> 00:24:52,679
Speaker 5: you want to make sure that planning and zoning and

512
00:24:52,760 --> 00:24:55,520
Speaker 5: city ordinance or whatever in your area, and just the

513
00:24:55,920 --> 00:25:00,200
Speaker 5: general city permit approvals are in place for you to

514
00:25:00,240 --> 00:25:03,280
Speaker 5: be able to execute your project. And most importantly all

515
00:25:03,320 --> 00:25:06,639
Speaker 5: of this is really that all of that comprises feasibility

516
00:25:06,960 --> 00:25:09,800
Speaker 5: of rather buying this block and doing whatever you plan

517
00:25:09,840 --> 00:25:13,320
Speaker 5: to do with it really makes sense. Okay. Now, so

518
00:25:13,400 --> 00:25:15,880
Speaker 5: after you get site control and you've got a good

519
00:25:15,880 --> 00:25:17,840
Speaker 5: plan together, then you have to figure out how you're

520
00:25:17,840 --> 00:25:19,920
Speaker 5: actually going to take down the project and how you're

521
00:25:19,920 --> 00:25:23,720
Speaker 5: going to start the project. So my number one go

522
00:25:23,800 --> 00:25:25,840
Speaker 5: to is what's been working for me in Houston is

523
00:25:25,880 --> 00:25:29,879
Speaker 5: seller financing. If I would have waited in twenty thirteen

524
00:25:29,920 --> 00:25:32,400
Speaker 5: for a bank to tell me that I was bankable

525
00:25:32,880 --> 00:25:36,000
Speaker 5: to buy a whole block, and I was waiting for

526
00:25:36,040 --> 00:25:38,040
Speaker 5: a bank to tell me that a block in the

527
00:25:38,040 --> 00:25:41,120
Speaker 5: hood was worth a certain amount of money when there

528
00:25:41,200 --> 00:25:44,080
Speaker 5: was no recent sales and it was full of crime

529
00:25:44,320 --> 00:25:46,960
Speaker 5: and drug infestation, you know, I would have never got

530
00:25:46,960 --> 00:25:49,400
Speaker 5: that project off the ground. So but what happens when

531
00:25:49,440 --> 00:25:52,399
Speaker 5: you go to somebody that owns the property outright, Okay,

532
00:25:52,520 --> 00:25:54,800
Speaker 5: that means it's probably been in their family longer than

533
00:25:54,840 --> 00:25:58,080
Speaker 5: thirty years, or maybe passed down from generation to generation,

534
00:25:58,760 --> 00:26:01,920
Speaker 5: and they have the right, the free and clear right

535
00:26:02,040 --> 00:26:04,880
Speaker 5: to do whatever they want the property. You can negotiate

536
00:26:04,920 --> 00:26:07,919
Speaker 5: with them. And so for one of my properties, I'm

537
00:26:07,920 --> 00:26:09,439
Speaker 5: gonna show you in a case study. One of them,

538
00:26:09,480 --> 00:26:11,520
Speaker 5: I negotiate ten percent down to buy a whole block.

539
00:26:11,800 --> 00:26:13,080
Speaker 5: The second one I had to come to the table

540
00:26:13,080 --> 00:26:15,879
Speaker 5: with fifty percent of the agreed upon purchase price. But

541
00:26:15,920 --> 00:26:18,800
Speaker 5: then you make payments to them instead of making payments

542
00:26:18,800 --> 00:26:21,520
Speaker 5: to a bank, and they're not gonna check your credit score,

543
00:26:21,520 --> 00:26:23,159
Speaker 5: they're not going to do a background check, they're not

544
00:26:23,200 --> 00:26:26,320
Speaker 5: going to ask you about other things. Because when sellers

545
00:26:26,359 --> 00:26:28,920
Speaker 5: finance something directly to you, they know that if you default,

546
00:26:29,040 --> 00:26:30,680
Speaker 5: they can just take the property back and they can

547
00:26:30,760 --> 00:26:33,160
Speaker 5: start the process over do the same thing again. Right,

548
00:26:33,480 --> 00:26:35,680
Speaker 5: So that's a trick. Well that's not really a trick,

549
00:26:35,720 --> 00:26:37,679
Speaker 5: but that's a technique that we need to implement more

550
00:26:37,720 --> 00:26:39,240
Speaker 5: often when we're trying to get in our communities and

551
00:26:39,240 --> 00:26:42,240
Speaker 5: do these things. So something else. If they don't agree

552
00:26:42,240 --> 00:26:44,080
Speaker 5: to that, or if they do agree to that, but

553
00:26:44,119 --> 00:26:46,400
Speaker 5: you don't have enough money for the down payment, start

554
00:26:46,440 --> 00:26:49,600
Speaker 5: off with a small group of investors. Maybe I would

555
00:26:49,600 --> 00:26:52,440
Speaker 5: always suggest you have somebody on your team that's experienced

556
00:26:52,720 --> 00:26:56,480
Speaker 5: with investing, and you know, have them come on the

557
00:26:56,520 --> 00:27:01,800
Speaker 5: team and help you through the process. How I highly

558
00:27:01,800 --> 00:27:04,199
Speaker 5: suggest you don't do it if you're all newbies and

559
00:27:04,240 --> 00:27:06,560
Speaker 5: you have nobody on a team, because what may seem

560
00:27:06,600 --> 00:27:08,080
Speaker 5: like a good deal may not be a good deal.

561
00:27:08,760 --> 00:27:11,720
Speaker 5: And then third is crowdfunding. Crowdfunding is what I did

562
00:27:11,720 --> 00:27:13,560
Speaker 5: for one of my projects, but I didn't do a

563
00:27:13,600 --> 00:27:15,919
Speaker 5: crowdfund until I'd been in real estate investing for almost

564
00:27:16,000 --> 00:27:19,240
Speaker 5: thirteen years. Okay, so a lot of people ask about it.

565
00:27:19,280 --> 00:27:22,080
Speaker 5: But when you take other people's money, you know, and

566
00:27:22,560 --> 00:27:25,640
Speaker 5: you and you were trying to complete a project, all

567
00:27:25,680 --> 00:27:27,879
Speaker 5: those bullet points before that got to be spot on

568
00:27:27,960 --> 00:27:30,399
Speaker 5: because people are not giving you donations, they are giving

569
00:27:30,440 --> 00:27:33,919
Speaker 5: you money, and they are expecting their money back and

570
00:27:33,960 --> 00:27:37,600
Speaker 5: they're respecting a profit on top of that. So you know,

571
00:27:37,640 --> 00:27:39,240
Speaker 5: you got to be really careful when you get in

572
00:27:39,320 --> 00:27:42,239
Speaker 5: that round. And most importantly of all these things is

573
00:27:42,280 --> 00:27:45,119
Speaker 5: the right team. You can have the right plan, you

574
00:27:45,119 --> 00:27:48,159
Speaker 5: can have all every every box checked, but if you

575
00:27:48,200 --> 00:27:50,600
Speaker 5: don't have the right team to execute on buying back

576
00:27:50,640 --> 00:27:53,800
Speaker 5: the block, it would be very hard for you to

577
00:27:53,840 --> 00:27:58,320
Speaker 5: be successful. Now, the most important key is that we

578
00:27:58,400 --> 00:28:00,000
Speaker 5: all have to participate. And this is what I mean

579
00:28:00,080 --> 00:28:03,720
Speaker 5: by that the investors need to be participating this. Okay,

580
00:28:03,960 --> 00:28:07,199
Speaker 5: we need to be actively looking to buy in our communities. Okay,

581
00:28:07,960 --> 00:28:10,280
Speaker 5: if you're a landlord, maybe you don't want to actually

582
00:28:10,320 --> 00:28:13,119
Speaker 5: live in the community, but you have rental properties, you

583
00:28:13,160 --> 00:28:16,600
Speaker 5: should be trying to control rental properties in these same neighborhoods.

584
00:28:17,480 --> 00:28:20,879
Speaker 5: And you can maybe maybe one investor has bought the

585
00:28:20,920 --> 00:28:23,119
Speaker 5: block and renovated the block, and now they're selling the

586
00:28:23,200 --> 00:28:26,359
Speaker 5: homes to other people. Well, you as an investor should

587
00:28:26,400 --> 00:28:28,320
Speaker 5: come in and buy some of the properties from that

588
00:28:28,400 --> 00:28:32,440
Speaker 5: developer so that the ownership transfers from us to us. Right.

589
00:28:32,640 --> 00:28:35,639
Speaker 5: And then you, as someone who looks like the community,

590
00:28:36,119 --> 00:28:38,000
Speaker 5: should be looking out for people in the community and

591
00:28:38,080 --> 00:28:40,520
Speaker 5: have a vested interest in not being a slumlord and

592
00:28:40,520 --> 00:28:43,000
Speaker 5: taking care of the community. Of course, realtors play an

593
00:28:43,000 --> 00:28:46,280
Speaker 5: integral part of this. Why because when you have buyers,

594
00:28:46,320 --> 00:28:49,920
Speaker 5: when you have investors, when you have renters, you should

595
00:28:49,960 --> 00:28:53,920
Speaker 5: be telling them about all of the investors, landlords, developers, builders,

596
00:28:53,960 --> 00:28:57,120
Speaker 5: you know in the community and trying to steer them

597
00:28:57,120 --> 00:29:01,040
Speaker 5: to these neighborhoods. First, once again, I'm not talking about

598
00:29:01,040 --> 00:29:05,200
Speaker 5: war zones, okay, I'm talking about areas that there's already

599
00:29:05,280 --> 00:29:09,080
Speaker 5: some sign of revitalization. And lastly, and most importantly, the

600
00:29:09,640 --> 00:29:12,760
Speaker 5: regular buyers, like for my development that I'm show you

601
00:29:12,800 --> 00:29:15,560
Speaker 5: in a second, all my buyers look like us, young

602
00:29:15,640 --> 00:29:20,400
Speaker 5: working professionals. It's not as bad. It's not the hood

603
00:29:20,440 --> 00:29:23,440
Speaker 5: that sometimes people say it is. You have to be

604
00:29:23,640 --> 00:29:27,280
Speaker 5: very aware of what outside narratives are versus what's really there. So,

605
00:29:27,400 --> 00:29:30,160
Speaker 5: as a buyer, if you're in a community and some

606
00:29:30,200 --> 00:29:32,760
Speaker 5: of those other signs have already talked about are happening,

607
00:29:32,840 --> 00:29:35,120
Speaker 5: if you see redevelopments starting, if you see a lot

608
00:29:35,160 --> 00:29:37,440
Speaker 5: of activity in the community, if you see the city

609
00:29:37,480 --> 00:29:41,040
Speaker 5: putting things in, guess what city's already got that neighborhood

610
00:29:41,080 --> 00:29:43,840
Speaker 5: on their radar, even though it may not be perfect yet,

611
00:29:43,880 --> 00:29:47,080
Speaker 5: it's coming. And usually what happens is we go to

612
00:29:47,120 --> 00:29:49,160
Speaker 5: the community one day and it's the hood, and we

613
00:29:49,280 --> 00:29:51,640
Speaker 5: go back a year later and it's a million dollar

614
00:29:51,680 --> 00:29:53,880
Speaker 5: homes and we're like, what happened and we're mad it's gentrification.

615
00:29:53,920 --> 00:29:56,120
Speaker 5: It's like, no, what really happened was from the time

616
00:29:56,160 --> 00:29:59,560
Speaker 5: you left other people saw value in that community and

617
00:29:59,560 --> 00:30:02,640
Speaker 5: they start buying. And not everybody's buying rental properties. People

618
00:30:02,640 --> 00:30:05,000
Speaker 5: are really moving in that community. They're walking their dogs,

619
00:30:05,040 --> 00:30:09,120
Speaker 5: they're riding their bikes, and their values are steadily going up,

620
00:30:09,600 --> 00:30:12,400
Speaker 5: steadily going up. And then by the time we get

621
00:30:12,400 --> 00:30:14,400
Speaker 5: wind of what's going on in the community, the prices

622
00:30:14,520 --> 00:30:17,200
Speaker 5: so higo, we can't afford it, right, So that's usually

623
00:30:17,240 --> 00:30:22,840
Speaker 5: what happens. So shut I know I'm talking a lot man.

624
00:30:22,920 --> 00:30:26,800
Speaker 2: That I'm actually taking notes.

625
00:30:28,240 --> 00:30:30,840
Speaker 3: Yeah, I hope everybody on YouTube please hit the like button,

626
00:30:31,160 --> 00:30:33,360
Speaker 3: and I hope people greatly appreciate this because it's like

627
00:30:33,400 --> 00:30:35,520
Speaker 3: nobody's doing this, like nobody, And that's the reason why

628
00:30:35,560 --> 00:30:38,080
Speaker 3: we created Eyo University. Like I said, it's a it's

629
00:30:38,120 --> 00:30:40,600
Speaker 3: a business school, but do you know you don't learn

630
00:30:40,640 --> 00:30:43,120
Speaker 3: this stuff in business schools. And this is just the beginning,

631
00:30:43,160 --> 00:30:44,960
Speaker 3: Like you still got more to talk about. But it's

632
00:30:45,000 --> 00:30:47,560
Speaker 3: like people talk about by the buy back the block,

633
00:30:47,600 --> 00:30:49,960
Speaker 3: what does that mean? What does that mean?

634
00:30:50,080 --> 00:30:50,200
Speaker 6: Right?

635
00:30:51,640 --> 00:30:53,120
Speaker 3: So this was like, all right, this is this is

636
00:30:53,120 --> 00:30:56,560
Speaker 3: a step by step blueprint from somebody that has is

637
00:30:56,640 --> 00:30:59,440
Speaker 3: actually doing it and has actually done it. So now

638
00:30:59,480 --> 00:31:01,040
Speaker 3: I keep going Chris.

639
00:31:00,840 --> 00:31:04,000
Speaker 2: Real quick so some of those signs, are there any

640
00:31:04,040 --> 00:31:08,160
Speaker 2: other type of retail or commercial real estate that we

641
00:31:08,160 --> 00:31:09,760
Speaker 2: should be looking for for a sign? And I know

642
00:31:09,800 --> 00:31:12,320
Speaker 2: somebody in the chat said, yo, when you see a Starbucks.

643
00:31:11,880 --> 00:31:16,160
Speaker 5: Or usually So that's not that we have a misconception about, right.

644
00:31:16,440 --> 00:31:19,360
Speaker 5: So usually, like we get mad when grocery stores and

645
00:31:19,400 --> 00:31:23,320
Speaker 5: those types of businesses leave the community, But those businesses

646
00:31:23,360 --> 00:31:27,040
Speaker 5: have whole departments that before they buy, before they figure

647
00:31:27,040 --> 00:31:29,120
Speaker 5: out where their location, their site selection team pulls the

648
00:31:29,160 --> 00:31:33,040
Speaker 5: demographics and they say, what's the average income in this community?

649
00:31:33,320 --> 00:31:36,320
Speaker 5: Do these people earn enough and do they have enough

650
00:31:36,360 --> 00:31:40,400
Speaker 5: disposable income to support our business? Right, So, you're not

651
00:31:40,440 --> 00:31:43,120
Speaker 5: going to see commercial signs going in until almost till

652
00:31:43,120 --> 00:31:45,800
Speaker 5: it's too late, because all the incomes in that area

653
00:31:45,840 --> 00:31:48,160
Speaker 5: are already going to be so high and they're going

654
00:31:48,240 --> 00:31:50,840
Speaker 5: to be buying houses at such high prices, and you know,

655
00:31:51,040 --> 00:31:53,400
Speaker 5: the prices continue to go up that it becomes priced

656
00:31:53,440 --> 00:31:57,320
Speaker 5: out for us. So what the way development usually works

657
00:31:57,440 --> 00:32:00,920
Speaker 5: is the rooftops come first, the house this come first.

658
00:32:01,600 --> 00:32:03,960
Speaker 5: The new residents with the higher incomes come in first.

659
00:32:04,240 --> 00:32:05,760
Speaker 5: And the only way you get ahead of that wave

660
00:32:05,840 --> 00:32:07,760
Speaker 5: is by looking at those signs that I told you earlier.

661
00:32:07,920 --> 00:32:09,880
Speaker 5: But yeah, it's almost almost like you can.

662
00:32:09,800 --> 00:32:10,400
Speaker 3: See a Starbucks.

663
00:32:10,440 --> 00:32:11,160
Speaker 5: It's almost too late.

664
00:32:11,480 --> 00:32:14,120
Speaker 2: Yeah, they made me thinking, like whole foods don't end

665
00:32:14,200 --> 00:32:15,640
Speaker 2: up in every neighborhood, you know what I mean.

666
00:32:15,600 --> 00:32:17,560
Speaker 5: Right, they don't, and people don't speaking the whole foods,

667
00:32:17,560 --> 00:32:19,720
Speaker 5: people don't realize, like a grocery store has the lowest

668
00:32:19,720 --> 00:32:22,120
Speaker 5: profit margins of almost any business. It's usually three to

669
00:32:22,160 --> 00:32:24,600
Speaker 5: five percent. So they're not going to go in the neighborhood.

670
00:32:24,880 --> 00:32:26,520
Speaker 5: Even if the city gives them all the money to

671
00:32:26,520 --> 00:32:28,520
Speaker 5: build the facility, they still have to They have to

672
00:32:28,560 --> 00:32:31,040
Speaker 5: float every month. They got to be operating positive, right,

673
00:32:31,760 --> 00:32:34,320
Speaker 5: So I mean the grocery store is the highest profitability

674
00:32:34,400 --> 00:32:37,920
Speaker 5: is on the fresh produce, on the meats, and the

675
00:32:37,960 --> 00:32:41,280
Speaker 5: stuff on the shelves. It's not really very profitable. So

676
00:32:41,280 --> 00:32:43,000
Speaker 5: if you're in a community where people are buying everything

677
00:32:43,040 --> 00:32:44,920
Speaker 5: off the shelf, in the cans and in the boxes,

678
00:32:45,160 --> 00:32:48,200
Speaker 5: and you got this huge overhead from all these employees,

679
00:32:48,240 --> 00:32:49,840
Speaker 5: and you got this huge overhead from.

680
00:32:49,720 --> 00:32:52,040
Speaker 7: This huge lease you got, and you got this high

681
00:32:52,200 --> 00:32:55,880
Speaker 7: utility bill, you know, it's highly unlikely that you're going

682
00:32:55,960 --> 00:32:57,440
Speaker 7: to be profitable if you try to go into one

683
00:32:57,440 --> 00:33:01,200
Speaker 7: of those neighborhoods for the sake of you know, social service, right,

684
00:33:01,640 --> 00:33:03,520
Speaker 7: I mean they have to run a business at the end.

685
00:33:03,440 --> 00:33:03,800
Speaker 2: Of the day.

686
00:33:04,320 --> 00:33:08,120
Speaker 3: Yeah, And YouTube, if you could like this, two things

687
00:33:08,120 --> 00:33:10,320
Speaker 3: I need from YouTube everybody, Like, we got nine hundred

688
00:33:10,320 --> 00:33:12,640
Speaker 3: and ninety seven people. There's no reason why we shouldn't

689
00:33:12,640 --> 00:33:15,800
Speaker 3: have nine hundred and ninety seven likes. If you didn't

690
00:33:15,880 --> 00:33:19,400
Speaker 3: like it, just politely comment why you why you thought

691
00:33:19,440 --> 00:33:21,840
Speaker 3: the information wasn't valuable enough to like, it doesn't even

692
00:33:21,880 --> 00:33:24,320
Speaker 3: cost anything, doesn't even won't even burn a calorie. And

693
00:33:24,360 --> 00:33:27,120
Speaker 3: then also share it with somebody, just going like this

694
00:33:27,160 --> 00:33:29,960
Speaker 3: is life changing, generational changing information that you know, giving

695
00:33:29,960 --> 00:33:31,680
Speaker 3: out right now, like, you know, share it with people,

696
00:33:31,880 --> 00:33:34,160
Speaker 3: and shout out to mt the mortgage guy, and shout

697
00:33:34,160 --> 00:33:37,160
Speaker 3: out to Brandon Rules legend himself, and shout out to

698
00:33:37,240 --> 00:33:39,120
Speaker 3: Andre Hatchett, the first teacher that we ever had for

699
00:33:39,160 --> 00:33:41,960
Speaker 3: Eyo University. That's my guy man, for sure.

700
00:33:42,480 --> 00:33:47,920
Speaker 5: And what's the legends in Yeah.

701
00:33:46,160 --> 00:33:48,960
Speaker 3: For sure for sure. So all right, Chris, And then

702
00:33:49,000 --> 00:33:51,200
Speaker 3: somebody said on YouTube there was like a fifth warter,

703
00:33:51,280 --> 00:33:53,480
Speaker 3: isn't the hood hood? Yeah, that's kind of the whole

704
00:33:53,480 --> 00:33:54,920
Speaker 3: point of what he said. Like you don't want to

705
00:33:54,960 --> 00:33:58,480
Speaker 3: go into the market slightly dangerous. You don't want to

706
00:33:58,760 --> 00:34:00,680
Speaker 3: you don't want to invest in a four war zone

707
00:34:01,200 --> 00:34:03,400
Speaker 3: like slightly dangerous.

708
00:34:03,840 --> 00:34:07,280
Speaker 5: Yeah, yeah, I mean it's something where the you know,

709
00:34:07,320 --> 00:34:11,799
Speaker 5: the criminal criminal activity is going down significantly and there's

710
00:34:11,840 --> 00:34:13,880
Speaker 5: more police patrols coming and all that kind of stuff.

711
00:34:13,880 --> 00:34:17,400
Speaker 5: You know, you have to be there. So that's the

712
00:34:17,440 --> 00:34:19,439
Speaker 5: only way you really participated. And I understand the people

713
00:34:19,440 --> 00:34:22,600
Speaker 5: that have, like young kids are feel uncomfortable in those situations. Yeah,

714
00:34:22,840 --> 00:34:25,080
Speaker 5: I'm not saying I'm not forcing you too. I'm just

715
00:34:25,080 --> 00:34:28,839
Speaker 5: saying with my projects, I have buyers that specifically chose

716
00:34:28,880 --> 00:34:31,440
Speaker 5: to come from the communities and they have had zero issues,

717
00:34:31,480 --> 00:34:34,640
Speaker 5: Like they have had not a single issue. So you know,

718
00:34:34,760 --> 00:34:36,799
Speaker 5: it's all about perspective. And we talk about schools and

719
00:34:36,880 --> 00:34:39,680
Speaker 5: education a lot. Thankfully in a big city like Houston,

720
00:34:39,680 --> 00:34:41,680
Speaker 5: there's a lot of charter schools, a lot of private schools,

721
00:34:41,680 --> 00:34:44,840
Speaker 5: so you have alternatives to the public school system until

722
00:34:44,840 --> 00:34:47,600
Speaker 5: that public school system catches up in that neighborhood. But

723
00:34:47,719 --> 00:34:50,360
Speaker 5: in the same time, you think about this, if you

724
00:34:50,440 --> 00:34:53,680
Speaker 5: buy Okay, I'll give you an example. There was a

725
00:34:53,760 --> 00:34:56,600
Speaker 5: lady that went to the third ward like the hood

726
00:34:56,600 --> 00:34:58,640
Speaker 5: part of the Third Ward worse than where y'all stayed,

727
00:34:58,640 --> 00:35:02,120
Speaker 5: but the first house had been renovated. Middle aged white

728
00:35:02,160 --> 00:35:04,200
Speaker 5: lady was like one of the last people walking out

729
00:35:04,200 --> 00:35:06,200
Speaker 5: of an open house. And my boy was there, and

730
00:35:06,200 --> 00:35:09,160
Speaker 5: he said that ninety percent of people that walked through

731
00:35:09,160 --> 00:35:11,160
Speaker 5: this open house in the hood part of the third

732
00:35:11,200 --> 00:35:14,719
Speaker 5: were white. So he said that curiosity got the best

733
00:35:14,760 --> 00:35:16,560
Speaker 5: of him, and he stopped her and asked her. He's like,

734
00:35:16,600 --> 00:35:19,520
Speaker 5: why are you here and what attracts you to this area?

735
00:35:19,520 --> 00:35:21,759
Speaker 5: And she's like, oh, I bought my house in the Heights,

736
00:35:22,080 --> 00:35:24,959
Speaker 5: in which is another neighborhood that's been gentrified for about

737
00:35:25,080 --> 00:35:26,759
Speaker 5: fifteen sixteen years. She's like, I bought my house in

738
00:35:26,760 --> 00:35:29,680
Speaker 5: the Heights about fifteen years ago, and the neighborhood looked

739
00:35:29,680 --> 00:35:31,880
Speaker 5: just like this, and my property value is going up

740
00:35:31,920 --> 00:35:33,719
Speaker 5: three hundred thousand dollars, so I'm about to sell that

741
00:35:33,800 --> 00:35:36,160
Speaker 5: house and come over here and do the same thing.

742
00:35:36,640 --> 00:35:38,200
Speaker 5: And I'm like, well, man, imagine the more of us

743
00:35:38,239 --> 00:35:41,400
Speaker 5: thought about that. Imagine what the average household income or

744
00:35:41,440 --> 00:35:44,200
Speaker 5: the average average household networks would be for our community,

745
00:35:44,400 --> 00:35:46,319
Speaker 5: and imagine how many of our children we could pay

746
00:35:46,360 --> 00:35:48,000
Speaker 5: to go to college out the equity in our homes.

747
00:35:48,320 --> 00:35:51,960
Speaker 3: We thought like that, that's a lot of information. That's

748
00:35:52,239 --> 00:35:54,480
Speaker 3: a that's a gym right there, man, that's a gym

749
00:35:54,560 --> 00:35:54,919
Speaker 3: right there.

750
00:35:54,960 --> 00:35:55,880
Speaker 2: We got to get to Houston.

751
00:35:55,920 --> 00:35:58,120
Speaker 3: Man, I can't wait to come back to here.

752
00:35:58,760 --> 00:36:04,960
Speaker 2: Mister Dunlop, all right, I'm.

753
00:36:04,800 --> 00:36:07,960
Speaker 5: Gonna run through the case studies real quick. So let's

754
00:36:07,960 --> 00:36:10,239
Speaker 5: talk about fifth Ward. People talking about not the hoods,

755
00:36:10,239 --> 00:36:13,320
Speaker 5: So let's go through it. So settling the middle eighteen hundreds,

756
00:36:13,320 --> 00:36:17,520
Speaker 5: believe it or not, Middle eighteen hundreds to nineteen hundred,

757
00:36:17,560 --> 00:36:20,400
Speaker 5: it was actually half It was mixed, uh white and black.

758
00:36:21,080 --> 00:36:23,640
Speaker 5: It was annexed to the city eighteen sixty six. By

759
00:36:23,680 --> 00:36:26,920
Speaker 5: nineteen hundred, it's a predominantly black neighborhood with thriving businesses.

760
00:36:28,680 --> 00:36:30,640
Speaker 5: And don't believe it, let me show you. This is

761
00:36:30,680 --> 00:36:32,400
Speaker 5: Lions Avenue. This is the same street that one of

762
00:36:32,400 --> 00:36:35,120
Speaker 5: my projects was on. This this is from the fifties.

763
00:36:35,280 --> 00:36:38,440
Speaker 5: On Lions Avenue. You see all types of businesses all

764
00:36:38,520 --> 00:36:40,200
Speaker 5: up and down the street, and you see who's walking

765
00:36:40,239 --> 00:36:42,520
Speaker 5: up and down the street. This was a segregated neighborhood

766
00:36:42,520 --> 00:36:44,879
Speaker 5: at that point in time. Okay, this is the other

767
00:36:44,920 --> 00:36:47,560
Speaker 5: way down the same street. I mean, I see tailors,

768
00:36:47,600 --> 00:36:50,680
Speaker 5: I see movie theaters, I see pawn shops, you know,

769
00:36:50,719 --> 00:36:54,080
Speaker 5: I see restaurants. Everything's in the community, right. But then

770
00:36:54,080 --> 00:36:57,920
Speaker 5: in the nineteen sixties, when desegregation happened, two major freeways

771
00:36:57,960 --> 00:37:00,440
Speaker 5: came through the community. Of course, all these negative packs

772
00:37:00,960 --> 00:37:03,279
Speaker 5: caused a lot of disinvestment, and then some of the

773
00:37:03,320 --> 00:37:06,560
Speaker 5: redlining impacts also hurt the community, and by the nineteen

774
00:37:06,600 --> 00:37:08,800
Speaker 5: seventies there was a mass exodus of the majority of

775
00:37:08,840 --> 00:37:11,440
Speaker 5: successful people. The business owners had a lot of them

776
00:37:11,440 --> 00:37:13,560
Speaker 5: had closed up shops because the patronage had gone down,

777
00:37:13,640 --> 00:37:16,759
Speaker 5: the customers had moved out, and so the communities no

778
00:37:16,840 --> 00:37:20,000
Speaker 5: longer thrived. But what that did is that that opened

779
00:37:20,040 --> 00:37:22,640
Speaker 5: up opportunity for other people to come into the community. However,

780
00:37:22,719 --> 00:37:25,080
Speaker 5: these are some of the other highlights, like the picture

781
00:37:25,080 --> 00:37:28,800
Speaker 5: at the bottom on the writers the first black hospital

782
00:37:28,840 --> 00:37:33,120
Speaker 5: built in Fifth Ward, actually in Houston, that had we had,

783
00:37:33,520 --> 00:37:36,759
Speaker 5: you know, recording studios. I mean, you know, these neighborhoods

784
00:37:36,760 --> 00:37:39,120
Speaker 5: were thriving. So that that's the part that I want

785
00:37:39,120 --> 00:37:42,000
Speaker 5: people to remember when we think about these neighborhoods. They

786
00:37:42,160 --> 00:37:43,960
Speaker 5: used to be great. That if we had a black

787
00:37:44,000 --> 00:37:46,080
Speaker 5: Wall Street in every city because we had to create

788
00:37:46,120 --> 00:37:50,040
Speaker 5: our own. We couldn't we couldn't patronize other other neighborhoods.

789
00:37:51,000 --> 00:37:53,080
Speaker 5: So this is the freeway that kind of came through.

790
00:37:53,080 --> 00:37:55,640
Speaker 5: This is the same street in the same vicinity, like

791
00:37:55,680 --> 00:37:58,120
Speaker 5: one block off. But you see now the only thing

792
00:37:58,160 --> 00:38:00,799
Speaker 5: that's left. Thankfully, the churches are still there, but the

793
00:38:00,800 --> 00:38:05,000
Speaker 5: neighborhood is a lot less activity going on, a lot.

794
00:38:05,040 --> 00:38:08,279
Speaker 5: A lot of the buildings are going now. So this

795
00:38:08,360 --> 00:38:10,799
Speaker 5: is the property that I bought, which is in fifth Ward.

796
00:38:11,040 --> 00:38:13,120
Speaker 5: That's the same freeway that you see in the back

797
00:38:13,200 --> 00:38:16,600
Speaker 5: on the left side, Highway fifty nine. So in twenty fourteen,

798
00:38:17,280 --> 00:38:18,800
Speaker 5: I did what I was telling everybody to early. I

799
00:38:18,840 --> 00:38:20,880
Speaker 5: was watching the city trend. I was watching the redevelopment

800
00:38:20,920 --> 00:38:23,800
Speaker 5: and it was going counterclockwise around downtown. And this was

801
00:38:23,840 --> 00:38:27,839
Speaker 5: the last neighborhood that had not been touched by redevelopment

802
00:38:27,920 --> 00:38:31,719
Speaker 5: or gentrification. So I was able to negotiate with this

803
00:38:31,760 --> 00:38:36,080
Speaker 5: owner to buy this entire block for half a million

804
00:38:36,120 --> 00:38:39,960
Speaker 5: dollars and negotiate ten percent down. Okay, so I actually

805
00:38:40,000 --> 00:38:41,720
Speaker 5: sold a couple of rental properties. I had an investor

806
00:38:41,719 --> 00:38:44,880
Speaker 5: put in a little bit, and I took control of

807
00:38:44,920 --> 00:38:47,759
Speaker 5: this property. Everybody thought I was crazy. This was still

808
00:38:47,760 --> 00:38:49,720
Speaker 5: the bloody nickel at that point in time, But I knew.

809
00:38:50,120 --> 00:38:53,160
Speaker 5: I knew just by watching the redevelopment trending, eventually it

810
00:38:53,239 --> 00:38:55,319
Speaker 5: was going to come because this was like literally the

811
00:38:55,440 --> 00:38:58,840
Speaker 5: last quadrant around downtown that had not been redeveloped. Okay,

812
00:38:59,200 --> 00:39:02,759
Speaker 5: so I actually paid over market value. Here's why there

813
00:39:02,760 --> 00:39:05,200
Speaker 5: were no sales. There was no comps. So if you

814
00:39:05,200 --> 00:39:07,440
Speaker 5: look at the tax records, that's the all thing you

815
00:39:07,480 --> 00:39:09,719
Speaker 5: can go off of. It had the whole property worth

816
00:39:09,760 --> 00:39:13,320
Speaker 5: about three hundred and fifty thousand. But what I knew

817
00:39:13,960 --> 00:39:17,000
Speaker 5: taking a calculated risk by watching the redevelopment. It's like, well,

818
00:39:17,040 --> 00:39:19,160
Speaker 5: if I'm not paying cash for it, and I'm only

819
00:39:19,200 --> 00:39:23,319
Speaker 5: giving him fifty thousand right now, and I'm financing it

820
00:39:23,360 --> 00:39:26,920
Speaker 5: for twenty thirty years, it's highly likely that by the

821
00:39:26,960 --> 00:39:29,040
Speaker 5: time I get even close to paying this off, the

822
00:39:29,160 --> 00:39:32,279
Speaker 5: value will have caught up and exceeded it. So what

823
00:39:32,280 --> 00:39:34,160
Speaker 5: that does is it almost put you in a position

824
00:39:34,160 --> 00:39:36,440
Speaker 5: where you're like kind of partnering with the owners. You know,

825
00:39:36,520 --> 00:39:38,040
Speaker 5: you're telling them you're gonna give him a little bit

826
00:39:38,040 --> 00:39:39,879
Speaker 5: more over time than what the property is currently worth.

827
00:39:40,120 --> 00:39:43,000
Speaker 5: But you have everything calculated, and you know that by

828
00:39:43,040 --> 00:39:45,600
Speaker 5: the time you make whatever move you're gonna make, the

829
00:39:45,719 --> 00:39:47,600
Speaker 5: value will have caught up and you will have equity

830
00:39:47,600 --> 00:39:53,680
Speaker 5: on the back end. So okay, So I talked about

831
00:39:53,680 --> 00:39:57,560
Speaker 5: this already, So twenty fourteen's when I bought it. Twenty

832
00:39:57,640 --> 00:40:00,480
Speaker 5: sixteen the bet paid off sixt This is the south

833
00:40:00,560 --> 00:40:03,360
Speaker 5: end of Fifth Ward. One of the biggest developers in

834
00:40:03,400 --> 00:40:06,080
Speaker 5: Houston bought one hundred and thirty six acres that used

835
00:40:06,120 --> 00:40:08,600
Speaker 5: to be KBR used to be the National Defense contractor,

836
00:40:09,320 --> 00:40:11,799
Speaker 5: right next to downtown, right on the water and what

837
00:40:11,880 --> 00:40:14,160
Speaker 5: we considered the hood. But of course they always find

838
00:40:14,239 --> 00:40:17,000
Speaker 5: value when you know, when we don't find value, and

839
00:40:17,040 --> 00:40:20,000
Speaker 5: they put this big plan together, do this massive project,

840
00:40:20,360 --> 00:40:23,720
Speaker 5: and so that was the first catalyst in the community.

841
00:40:24,640 --> 00:40:27,920
Speaker 5: So this again is this is the project site that

842
00:40:27,960 --> 00:40:31,200
Speaker 5: they got. You see where downtown is and the stars

843
00:40:31,239 --> 00:40:32,880
Speaker 5: where both of my projects are. So one of my

844
00:40:32,960 --> 00:40:36,160
Speaker 5: projects is right here, the new construction townhome project where

845
00:40:36,200 --> 00:40:38,719
Speaker 5: the grocery store is is right there. Now that's one

846
00:40:38,760 --> 00:40:42,520
Speaker 5: mile radius. This one is like a little bit more

847
00:40:42,560 --> 00:40:44,360
Speaker 5: than three quarters of a mile radius.

848
00:40:44,360 --> 00:40:45,279
Speaker 2: What other project is?

849
00:40:45,800 --> 00:40:49,360
Speaker 5: Okay, this is what's going to be built on that site.

850
00:40:49,360 --> 00:40:53,400
Speaker 5: This is not speculation, this is what's going to be there. Okay,

851
00:40:53,400 --> 00:40:55,840
Speaker 5: they've already they've already cleared all of the old buildings,

852
00:40:55,840 --> 00:40:58,040
Speaker 5: they've already done all the underground different structure, they've run

853
00:40:58,080 --> 00:41:00,680
Speaker 5: all the utilities. They did slow down a little bit

854
00:41:00,719 --> 00:41:03,440
Speaker 5: because of COVID and some of the lumber prices and

855
00:41:03,440 --> 00:41:05,600
Speaker 5: stuff going up, but the CEO said they're still moving

856
00:41:05,600 --> 00:41:09,040
Speaker 5: forward with the project. So after that happened in twenty sixteen,

857
00:41:09,600 --> 00:41:12,799
Speaker 5: here's another creative technique you can use. I talked the

858
00:41:12,840 --> 00:41:18,520
Speaker 5: owner into converting from a owner finance note, which is

859
00:41:18,520 --> 00:41:22,040
Speaker 5: like a mortgage note, to partnering with me. So what

860
00:41:22,080 --> 00:41:24,879
Speaker 5: I said was, look, I still owe you like three

861
00:41:24,960 --> 00:41:28,880
Speaker 5: hundred thousand. You can wait next twenty years to get it,

862
00:41:29,680 --> 00:41:31,880
Speaker 5: or you can partner with me on this project and

863
00:41:32,160 --> 00:41:34,080
Speaker 5: let me figure out how I can do some new construction,

864
00:41:34,640 --> 00:41:36,839
Speaker 5: and then I can pay you out as I sell

865
00:41:36,840 --> 00:41:38,200
Speaker 5: these houses on the back end, and you can be

866
00:41:38,200 --> 00:41:40,359
Speaker 5: paid off in three or four years instead of waiting

867
00:41:40,400 --> 00:41:43,200
Speaker 5: thirty years. Okay, So he agreed. So what did that do?

868
00:41:43,640 --> 00:41:45,960
Speaker 5: That took the mortgage off of the property. So now

869
00:41:47,040 --> 00:41:51,760
Speaker 5: I am the primary the primary partner. He's a limited partner,

870
00:41:52,480 --> 00:41:54,719
Speaker 5: and I have this property. I can now go to

871
00:41:54,760 --> 00:41:56,120
Speaker 5: the bank and say it's free and clear. I don't

872
00:41:56,120 --> 00:41:56,799
Speaker 5: have any debt on it.

873
00:41:59,200 --> 00:41:59,480
Speaker 2: Right.

874
00:42:00,120 --> 00:42:03,040
Speaker 5: I used the property as collateral as I started shopping

875
00:42:03,040 --> 00:42:07,480
Speaker 5: to get the loans to do the redevelopment. But the downside,

876
00:42:07,520 --> 00:42:08,920
Speaker 5: of course, what I talked about earlier, I had to

877
00:42:08,920 --> 00:42:11,200
Speaker 5: go through twenty three different lenders before I got approved.

878
00:42:11,239 --> 00:42:13,640
Speaker 5: No matter how great my plan was, there was no

879
00:42:13,840 --> 00:42:18,640
Speaker 5: established marketability in this neighborhood because there was no new construction.

880
00:42:19,640 --> 00:42:22,600
Speaker 5: Even though the redevelopment was that close, it was really

881
00:42:22,640 --> 00:42:24,839
Speaker 5: hard for me to find a lender that would that

882
00:42:24,880 --> 00:42:27,640
Speaker 5: would partner with me on the project. So you know,

883
00:42:27,760 --> 00:42:30,120
Speaker 5: I had a private investor come in and put in

884
00:42:30,239 --> 00:42:35,000
Speaker 5: an IRA money two hundred and fifty thousand. She she's

885
00:42:35,080 --> 00:42:40,720
Speaker 5: a young black check that worked for oil and gas company,

886
00:42:40,719 --> 00:42:42,480
Speaker 5: worked for Shell for a while. She had a nice

887
00:42:42,520 --> 00:42:45,400
Speaker 5: IRA that she was that she wasn't using. It was

888
00:42:45,440 --> 00:42:47,720
Speaker 5: sitting in the stock market, and you know, I showed

889
00:42:47,719 --> 00:42:50,279
Speaker 5: her division she believed in it, and she's like, okay, cool.

890
00:42:50,400 --> 00:42:52,640
Speaker 5: I didn't take her money and spend it. I took

891
00:42:52,640 --> 00:42:54,440
Speaker 5: it and put it in a bank account to show interest.

892
00:42:54,440 --> 00:42:56,759
Speaker 5: Reserves to hope hopefully would try to sweeten the deal

893
00:42:56,800 --> 00:42:59,879
Speaker 5: with the lender, Chris, not to cut you off, But yeah,

894
00:43:00,160 --> 00:43:00,360
Speaker 5: we did.

895
00:43:00,520 --> 00:43:03,840
Speaker 3: We did a class on self directed iras too University,

896
00:43:04,360 --> 00:43:06,279
Speaker 3: and I'm not sure if that's the path you went,

897
00:43:06,360 --> 00:43:07,960
Speaker 3: but a lot of people don't even realize that you

898
00:43:07,960 --> 00:43:10,880
Speaker 3: could actually use your retirement accounts like an IRA to

899
00:43:11,000 --> 00:43:13,160
Speaker 3: invest in real estate without paying taxes. So I just

900
00:43:13,160 --> 00:43:14,200
Speaker 3: wanted to throw that in this and.

901
00:43:15,960 --> 00:43:17,759
Speaker 5: That's exactly right. When you have a self directed IRA,

902
00:43:17,880 --> 00:43:20,239
Speaker 5: you can invest in any asset that you choose, and

903
00:43:20,280 --> 00:43:24,040
Speaker 5: it's literally self directed. You just have a company that's

904
00:43:24,160 --> 00:43:26,840
Speaker 5: basically a custodian for you to help you check boxes.

905
00:43:26,880 --> 00:43:29,399
Speaker 5: But yeah, you can. You can invest it however you want.

906
00:43:29,680 --> 00:43:34,440
Speaker 5: So that's something that you can leverage in real estate. So,

907
00:43:34,600 --> 00:43:37,480
Speaker 5: like I said, there's challenges with no new construction. Also,

908
00:43:37,560 --> 00:43:38,960
Speaker 5: when I got ready to start the project, what I

909
00:43:38,960 --> 00:43:41,239
Speaker 5: realized is, like a lot of these older neighborhoods, there's

910
00:43:41,239 --> 00:43:44,160
Speaker 5: a lack of utility infrastructure. So this old grocery store

911
00:43:44,200 --> 00:43:47,439
Speaker 5: didn't have much plumbing, you know, it wasn't drawing much electricity.

912
00:43:48,040 --> 00:43:49,600
Speaker 5: And when I got ready to do my new project,

913
00:43:49,920 --> 00:43:51,719
Speaker 5: I realized that the city was going to require me

914
00:43:52,040 --> 00:43:54,080
Speaker 5: to update a lot of this infrastructure. So that's something

915
00:43:54,120 --> 00:43:55,520
Speaker 5: that you got to think about if you're planning on

916
00:43:55,560 --> 00:43:59,080
Speaker 5: doing projects on this scale. Something that you usually don't

917
00:43:59,080 --> 00:44:00,759
Speaker 5: think about when you just flip in a house or

918
00:44:00,800 --> 00:44:04,880
Speaker 5: building one or two houses on a lot, because usually

919
00:44:05,400 --> 00:44:09,080
Speaker 5: that what you're building will not impact the infrastructure greatly.

920
00:44:09,080 --> 00:44:11,200
Speaker 5: But when you're trying to do a bigger project, you

921
00:44:11,239 --> 00:44:15,000
Speaker 5: do have to consider those things. So this talks about

922
00:44:15,000 --> 00:44:18,440
Speaker 5: more twenty seventeen, now redevelopment. Remember that first neighborhood, I

923
00:44:18,680 --> 00:44:22,800
Speaker 5: told you all about the Heights. Now see twenty seventeen.

924
00:44:22,800 --> 00:44:25,680
Speaker 5: Three years later it's in the newspaper they calling Fifth

925
00:44:25,800 --> 00:44:27,000
Speaker 5: or the New Heights.

926
00:44:29,000 --> 00:44:31,680
Speaker 3: That's how it happens. Once they start renaming neighborhoods once

927
00:44:31,680 --> 00:44:35,960
Speaker 3: I've seen Sobro. Yeah, so Bro, you know what Sobro is. No,

928
00:44:36,120 --> 00:44:40,360
Speaker 3: it was that South Bronx South bron Yeah, that was

929
00:44:40,400 --> 00:44:42,799
Speaker 3: one of the most dangerous neighborhoods, one of the most

930
00:44:42,800 --> 00:44:45,880
Speaker 3: poorest neighborhoods in America, one of the most dangerous neighborhoods

931
00:44:45,880 --> 00:44:49,719
Speaker 3: in America. It's still not the greatest, but when they

932
00:44:49,719 --> 00:44:52,319
Speaker 3: started naming it Sobro and they put like a whole

933
00:44:52,400 --> 00:44:52,839
Speaker 3: foods and.

934
00:44:52,800 --> 00:44:55,719
Speaker 5: All of that, and it's like, all right, yep, and

935
00:44:55,760 --> 00:44:57,920
Speaker 5: we don't say that because the official name for that

936
00:44:58,040 --> 00:44:59,680
Speaker 5: for that south in the fifth one now they called

937
00:44:59,719 --> 00:45:01,960
Speaker 5: it North Eto, which is east of downtown.

938
00:45:02,560 --> 00:45:05,080
Speaker 3: Yeah. That's another that's another thing too, once you start

939
00:45:05,120 --> 00:45:08,719
Speaker 3: to see names, because it's like even know how I

940
00:45:08,719 --> 00:45:14,560
Speaker 3: think it was no North Manhattan no no.

941
00:45:13,520 --> 00:45:15,800
Speaker 2: No no, that was Houston.

942
00:45:16,920 --> 00:45:19,640
Speaker 3: No no, no, they had it. They try to rename

943
00:45:19,680 --> 00:45:26,439
Speaker 3: Harlem something like North Manhattan no. Yeah. And so once

944
00:45:26,480 --> 00:45:28,880
Speaker 3: they start to get funny with those names like so

945
00:45:29,040 --> 00:45:31,840
Speaker 3: Bro no ho, that's like the hipsters. They trying to

946
00:45:31,840 --> 00:45:32,840
Speaker 3: they try to rebrand it.

947
00:45:33,120 --> 00:45:35,600
Speaker 5: They trying to rebrand the community. Those are part of

948
00:45:36,320 --> 00:45:38,239
Speaker 5: you were talking about as a stigma, that the old

949
00:45:38,280 --> 00:45:39,600
Speaker 5: name has a stigma, so they want to try to,

950
00:45:39,680 --> 00:45:40,600
Speaker 5: like you said, rebranded.

951
00:45:40,800 --> 00:45:42,640
Speaker 2: Yeah. So that that's part of the announcement. So when

952
00:45:42,680 --> 00:45:44,480
Speaker 2: you were talking about announcements, when you start seeing things

953
00:45:44,560 --> 00:45:47,160
Speaker 2: like that, I saw somewhere and you can correct me

954
00:45:47,160 --> 00:45:49,839
Speaker 2: if if I'm wrong, but they named the Fifth World

955
00:45:50,000 --> 00:45:51,680
Speaker 2: they have a cultural arts district.

956
00:45:52,200 --> 00:45:55,160
Speaker 5: Yes, yes, Now now thankfully with this with this time,

957
00:45:55,239 --> 00:45:58,200
Speaker 5: it was us doing that. So the fifth World Redevelopment

958
00:45:58,239 --> 00:46:00,760
Speaker 5: Corporation did that Culture Arts District, and it's it's gonna

959
00:46:00,760 --> 00:46:02,280
Speaker 5: be You're right, it's going to be the first African

960
00:46:02,280 --> 00:46:04,000
Speaker 5: American culture Arts district in Houston.

961
00:46:04,320 --> 00:46:04,640
Speaker 2: Perfect.

962
00:46:04,719 --> 00:46:08,400
Speaker 5: Perfect, yeah, man, So that's what I'm saying. This neighborhood,

963
00:46:08,400 --> 00:46:11,440
Speaker 5: they've been staying ahead of you know, not not playing

964
00:46:11,520 --> 00:46:13,279
Speaker 5: victim and being behind. They've been in front of the ball.

965
00:46:13,320 --> 00:46:16,520
Speaker 5: So it's been really good. So this goes back to

966
00:46:16,640 --> 00:46:20,120
Speaker 5: this is the CEO recently in August, you know, amidst covid,

967
00:46:20,160 --> 00:46:22,319
Speaker 5: just saying that the project is still going forward. Right,

968
00:46:22,960 --> 00:46:25,759
Speaker 5: So this is that same block. This is the same

969
00:46:25,760 --> 00:46:29,239
Speaker 5: block that showed you earlier. That's what it looks like.

970
00:46:29,280 --> 00:46:31,200
Speaker 3: Now you're not sure that that's your blocks?

971
00:46:31,440 --> 00:46:32,279
Speaker 2: That's your block, man?

972
00:46:33,520 --> 00:46:36,560
Speaker 3: Now you pulled up on that. Yeah yeah, man, put

973
00:46:36,680 --> 00:46:38,160
Speaker 3: put that, put the clap in the mode. I just

974
00:46:38,160 --> 00:46:40,279
Speaker 3: wanted to know, you gotta celebrate that, man, because yeah,

975
00:46:40,280 --> 00:46:41,880
Speaker 3: I wish we could do a side by side. But

976
00:46:42,239 --> 00:46:45,319
Speaker 3: that block that he brought earlier, Yeah, let me.

977
00:46:45,280 --> 00:46:45,799
Speaker 5: Go back to it.

978
00:46:45,880 --> 00:46:48,279
Speaker 3: Yeah, can you go back to that? Yeah? So that

979
00:46:48,320 --> 00:46:52,640
Speaker 3: block you brought, that block and then how many years later, uh.

980
00:46:52,520 --> 00:46:56,239
Speaker 5: So twenty fourteen, and then two thousand, nineteen twenty eighteen

981
00:46:56,280 --> 00:46:59,399
Speaker 5: when when I first started building them, So twenty nineteen

982
00:46:59,440 --> 00:47:00,960
Speaker 5: they were the first three were done. I think that's

983
00:47:01,000 --> 00:47:04,759
Speaker 5: when I was on y'all show last year, and you know,

984
00:47:04,920 --> 00:47:06,799
Speaker 5: people told me that they were like, man, nobody's gonna

985
00:47:06,800 --> 00:47:08,320
Speaker 5: buy that. You know, nobody's gonna want to live in

986
00:47:08,320 --> 00:47:10,480
Speaker 5: the neighborhood. You know you're not gonna be able to

987
00:47:10,480 --> 00:47:12,239
Speaker 5: get the prices that you're thinking you're gonna get for them.

988
00:47:12,600 --> 00:47:16,239
Speaker 5: And I mean, I proved everybody wrong. I got I

989
00:47:16,280 --> 00:47:19,440
Speaker 5: got full asking price. All the buyers looked like me, everybody.

990
00:47:19,840 --> 00:47:22,319
Speaker 5: I didn't have to oversell anybody. There's enough of us

991
00:47:22,320 --> 00:47:24,400
Speaker 5: that see the value of moving back to our communities

992
00:47:25,640 --> 00:47:28,200
Speaker 5: that you know it's worth it. It's worth it's worth

993
00:47:28,239 --> 00:47:31,359
Speaker 5: taking a shot, it's worth of rebuilding and bringing people

994
00:47:31,360 --> 00:47:32,279
Speaker 5: back to the community.

995
00:47:32,560 --> 00:47:32,719
Speaker 2: Man.

996
00:47:32,800 --> 00:47:35,760
Speaker 5: One of one of the most powerful experiences I had

997
00:47:36,320 --> 00:47:39,439
Speaker 5: was when I was under construction. It's two two black

998
00:47:39,520 --> 00:47:41,160
Speaker 5: kids walked down the street, two boys, they were like

999
00:47:41,239 --> 00:47:44,040
Speaker 5: maybe thirteen fourteen something like that, and they were like, man,

1000
00:47:44,160 --> 00:47:47,920
Speaker 5: you're building rent houses And I'm like no. He's like

1001
00:47:48,200 --> 00:47:51,359
Speaker 5: he's like, you work for the person that's building these.

1002
00:47:51,480 --> 00:47:53,600
Speaker 5: I'm like, no, I'm building them. He was like okay,

1003
00:47:53,640 --> 00:47:56,759
Speaker 5: he's like, who's gonna buy these? I was like, well,

1004
00:47:56,800 --> 00:47:58,200
Speaker 5: who you think is gonna buymb He's like, well, it

1005
00:47:58,280 --> 00:48:00,000
Speaker 5: looked like it looked like white people are gonna buy them.

1006
00:48:01,320 --> 00:48:03,080
Speaker 5: And I was like, man, you know, you know, well

1007
00:48:03,080 --> 00:48:04,640
Speaker 5: you'll be surprised, you man, I know there's people that

1008
00:48:04,680 --> 00:48:06,800
Speaker 5: look like you that can also afford these types of things.

1009
00:48:07,160 --> 00:48:08,440
Speaker 5: And I was like, I had two of them under

1010
00:48:08,480 --> 00:48:10,319
Speaker 5: contract that I was like, so, actually the first two

1011
00:48:10,400 --> 00:48:12,759
Speaker 5: buyers are people that come from a neighborhood just like

1012
00:48:12,800 --> 00:48:14,880
Speaker 5: you and went to college, and you know, they have

1013
00:48:14,960 --> 00:48:17,360
Speaker 5: good jobs now and now they're coming back and buying this.

1014
00:48:17,680 --> 00:48:20,560
Speaker 5: And they were like, man, we didn't know that was possible.

1015
00:48:21,080 --> 00:48:24,480
Speaker 5: But you know, that sounds it sounds kind of cliche,

1016
00:48:24,600 --> 00:48:26,840
Speaker 5: But there's kids in that community that now have a

1017
00:48:26,880 --> 00:48:30,359
Speaker 5: positive representation. They can see people that look like them,

1018
00:48:30,400 --> 00:48:33,719
Speaker 5: that's our age pulling out their driveways and Porsches and

1019
00:48:34,440 --> 00:48:37,560
Speaker 5: Audi's and BMW's. It looked like them. That's a representation

1020
00:48:37,560 --> 00:48:40,160
Speaker 5: they didn't have before. The only representation they had of

1021
00:48:40,160 --> 00:48:44,719
Speaker 5: successful people was illegal entrepreneurs. You know, but that's all

1022
00:48:44,760 --> 00:48:46,120
Speaker 5: a part of buying the block. Man, It's not just

1023
00:48:46,120 --> 00:48:48,120
Speaker 5: about you buying and you being an investor and just

1024
00:48:48,160 --> 00:48:51,600
Speaker 5: holding onto it. It's about creating opportunities like this as

1025
00:48:51,920 --> 00:48:55,640
Speaker 5: being in a development and building and enticing other people

1026
00:48:55,640 --> 00:48:56,640
Speaker 5: to come back to the community.

1027
00:48:57,000 --> 00:48:59,040
Speaker 3: So that's amazing.

1028
00:48:59,760 --> 00:49:02,799
Speaker 5: Yeah, So fast forward. This is fifth Ward. Now you

1029
00:49:02,800 --> 00:49:05,480
Speaker 5: see all these prices over here, right for four hundred

1030
00:49:05,480 --> 00:49:08,120
Speaker 5: thousand dollars. Now, when I bought that first block, you

1031
00:49:08,120 --> 00:49:10,520
Speaker 5: couldn't you couldn't sell a lot for twenty thousand dollars.

1032
00:49:10,560 --> 00:49:13,400
Speaker 5: It would just sit. But now you have all this activity,

1033
00:49:14,080 --> 00:49:16,680
Speaker 5: the yellow ones appending the green, the new listings, and

1034
00:49:16,719 --> 00:49:18,760
Speaker 5: there's a bunch of souls that are in the community.

1035
00:49:19,200 --> 00:49:25,680
Speaker 5: But four hundred thousand dollars, you know. And so this

1036
00:49:25,719 --> 00:49:27,279
Speaker 5: is one of one of the articles that they put

1037
00:49:27,280 --> 00:49:29,080
Speaker 5: me in the paper for just talking about my projects.

1038
00:49:29,080 --> 00:49:32,040
Speaker 5: This is not talking about the second project. So let's

1039
00:49:32,040 --> 00:49:35,279
Speaker 5: go back to the highway story. So this block right

1040
00:49:35,320 --> 00:49:38,120
Speaker 5: here is the second product. This is the eighteen houses

1041
00:49:38,120 --> 00:49:40,759
Speaker 5: I was talking about with the two commercial buildings. This

1042
00:49:40,880 --> 00:49:43,839
Speaker 5: is that same freeway once again, an infamous freeway. So

1043
00:49:44,040 --> 00:49:46,280
Speaker 5: you know, we can continue to talk about these things

1044
00:49:46,360 --> 00:49:48,799
Speaker 5: and complain about them, or we can say, okay, we

1045
00:49:48,880 --> 00:49:50,759
Speaker 5: know this is there, we know this happened. Now what

1046
00:49:50,800 --> 00:49:53,560
Speaker 5: are we going to do about it? Right, it's our

1047
00:49:53,600 --> 00:49:57,000
Speaker 5: responsibility to fix the problem. So the owners of this,

1048
00:49:57,080 --> 00:50:00,200
Speaker 5: the landlords, they had had this for about twenty years

1049
00:50:00,719 --> 00:50:04,520
Speaker 5: and they were ready to retire. So not all landlords

1050
00:50:04,560 --> 00:50:07,400
Speaker 5: passed property down. That's another myth. Real estate is not

1051
00:50:07,480 --> 00:50:11,920
Speaker 5: generational wealth unless you have taught your kids how to

1052
00:50:11,960 --> 00:50:14,480
Speaker 5: do systems and they see that it's worthwhile for them

1053
00:50:14,480 --> 00:50:17,759
Speaker 5: to take over that same investment, that same vehicle. In

1054
00:50:17,760 --> 00:50:20,200
Speaker 5: this case, the kids did not want to take over it,

1055
00:50:20,600 --> 00:50:24,400
Speaker 5: so the parents were told that they should sell it. Okay. So,

1056
00:50:25,200 --> 00:50:27,000
Speaker 5: and what would have happened if I didn't buy it,

1057
00:50:27,040 --> 00:50:29,440
Speaker 5: Because all that redevelopment, by the way, all those new

1058
00:50:29,440 --> 00:50:31,080
Speaker 5: town homes, if you see my cursor up in the

1059
00:50:31,160 --> 00:50:34,520
Speaker 5: left corner, that's right there, that's all new construction right there.

1060
00:50:35,040 --> 00:50:37,960
Speaker 5: So had I not bought it, an investor outside the

1061
00:50:37,960 --> 00:50:39,880
Speaker 5: community would have bought it, and they would done a

1062
00:50:39,880 --> 00:50:41,719
Speaker 5: couple of things. They would have came in and you know,

1063
00:50:41,840 --> 00:50:45,400
Speaker 5: did the deep renovations, you know, and then raised the rents.

1064
00:50:45,400 --> 00:50:48,120
Speaker 5: And if tenants can't afford it, oh well, or they

1065
00:50:48,160 --> 00:50:49,600
Speaker 5: would have held it for a little while decided to

1066
00:50:49,600 --> 00:50:51,520
Speaker 5: tear it down and build some new construction here. But

1067
00:50:51,560 --> 00:50:54,080
Speaker 5: for me, this was an opportunity to say, Okay, on

1068
00:50:54,120 --> 00:50:56,479
Speaker 5: that other block, I bought that old abandoned grocery store

1069
00:50:56,480 --> 00:50:58,960
Speaker 5: in that site, I brought new construction in. Now I

1070
00:50:58,960 --> 00:51:00,560
Speaker 5: can show the other side of it in the block.

1071
00:51:01,080 --> 00:51:02,920
Speaker 5: We can buy the block and make sure we preserve

1072
00:51:04,400 --> 00:51:07,360
Speaker 5: the lifestyles and the sense of normalcy that the residents

1073
00:51:07,360 --> 00:51:09,960
Speaker 5: have that have been here long term. So the way

1074
00:51:10,080 --> 00:51:12,400
Speaker 5: you can do a project like this, it is so

1075
00:51:12,480 --> 00:51:14,759
Speaker 5: close to redevelopment, it's so close to the catalyst that

1076
00:51:14,800 --> 00:51:17,520
Speaker 5: I talked about earlier, is that you can get your

1077
00:51:17,520 --> 00:51:20,799
Speaker 5: return on your investment through value appreciation. Okay, because this

1078
00:51:20,880 --> 00:51:23,200
Speaker 5: property value is going to go up significantly, so you

1079
00:51:23,239 --> 00:51:26,800
Speaker 5: don't have to worry so much about cash flow solely

1080
00:51:27,080 --> 00:51:28,880
Speaker 5: where you have to raise the rents astronomically to get

1081
00:51:28,880 --> 00:51:32,440
Speaker 5: the return. This property value is going to double or triple,

1082
00:51:33,719 --> 00:51:36,279
Speaker 5: but you know, conservative conservatively, I'm saying it's going to

1083
00:51:36,280 --> 00:51:38,280
Speaker 5: go up thirty to forty percent. But every other neighborhood

1084
00:51:38,239 --> 00:51:41,239
Speaker 5: that's been gentrified, lots that will worth two fifty. I mean,

1085
00:51:41,480 --> 00:51:43,799
Speaker 5: we're worth twenty five thousand, and now we're two hundred

1086
00:51:43,840 --> 00:51:47,080
Speaker 5: fifty thousand. So for this one, this is the one

1087
00:51:47,120 --> 00:51:49,400
Speaker 5: I actually got to do the crowdfund on. So what

1088
00:51:49,440 --> 00:51:51,120
Speaker 5: I did with the crowdfund, I'll go back to this flab.

1089
00:51:52,360 --> 00:51:57,160
Speaker 5: The crowdfund is once I negotiated with the sellers to

1090
00:51:57,200 --> 00:51:59,360
Speaker 5: the purchase price. They wanted one point five million for

1091
00:51:59,440 --> 00:52:02,560
Speaker 5: the whole block. I negotiated them down to one point

1092
00:52:02,600 --> 00:52:05,320
Speaker 5: two five So I negotiate them down a quarter of

1093
00:52:05,360 --> 00:52:09,280
Speaker 5: a million. And you know what happened was, since they

1094
00:52:09,320 --> 00:52:12,360
Speaker 5: were sellers and you know, they really didn't have accounting

1095
00:52:12,440 --> 00:52:14,440
Speaker 5: and all that kind of stuff, I told them, you know,

1096
00:52:14,560 --> 00:52:17,920
Speaker 5: even if you wanted to, if you wanted me to

1097
00:52:17,920 --> 00:52:19,960
Speaker 5: pay one point five for it, I couldn't go to

1098
00:52:19,960 --> 00:52:21,560
Speaker 5: a bank and get a one point five million dollar

1099
00:52:21,640 --> 00:52:24,720
Speaker 5: valuation because you don't, you know, there's no accounting records

1100
00:52:24,719 --> 00:52:26,560
Speaker 5: to show where the true revenue is for the property.

1101
00:52:26,800 --> 00:52:28,799
Speaker 5: There's not a lot of sales in the community. So

1102
00:52:29,680 --> 00:52:31,560
Speaker 5: you know what I would like to do is get

1103
00:52:31,560 --> 00:52:34,000
Speaker 5: you to, you know, come down a little bit off

1104
00:52:34,000 --> 00:52:36,399
Speaker 5: of that price and work with me over a few years.

1105
00:52:36,480 --> 00:52:38,560
Speaker 5: Let me establish the accounting records. Let me establish all

1106
00:52:38,560 --> 00:52:40,919
Speaker 5: these things, and then I can go back and refinance.

1107
00:52:41,560 --> 00:52:45,800
Speaker 5: And then once the bank sees the you know, the records,

1108
00:52:45,800 --> 00:52:49,040
Speaker 5: they can extract a true value for that entire block,

1109
00:52:49,320 --> 00:52:51,600
Speaker 5: and it'll be much easier for me to get them

1110
00:52:51,600 --> 00:52:53,480
Speaker 5: to give me six hundred and fifty thousand, which is

1111
00:52:53,520 --> 00:52:56,719
Speaker 5: half of the purchase price, then it would be for

1112
00:52:56,760 --> 00:52:58,120
Speaker 5: me to go and ask them for one point five

1113
00:52:58,160 --> 00:53:00,920
Speaker 5: million right now. And so that's the kind of conversations

1114
00:53:00,960 --> 00:53:02,960
Speaker 5: you have to have with sellers sometimes if you want

1115
00:53:02,960 --> 00:53:05,880
Speaker 5: to get creative, and they bought in, you know, so

1116
00:53:05,920 --> 00:53:08,720
Speaker 5: they owner finances, they wouldn't take ten percent, they wouldn't

1117
00:53:08,719 --> 00:53:11,880
Speaker 5: take twenty percent down so they wanted something significant, so

1118
00:53:12,360 --> 00:53:16,000
Speaker 5: fifty percent. So what I did with that was, first

1119
00:53:16,000 --> 00:53:18,919
Speaker 5: I secured a private investor that I knew that could

1120
00:53:18,960 --> 00:53:23,480
Speaker 5: back me on bringing the majority of that down payment

1121
00:53:23,640 --> 00:53:26,400
Speaker 5: to closing if I couldn't raise it. But once I

1122
00:53:26,440 --> 00:53:29,279
Speaker 5: secured that this is the opportunity that I decided it

1123
00:53:29,320 --> 00:53:32,000
Speaker 5: was okay to do a crowdfund with. Because the crowdfund,

1124
00:53:32,000 --> 00:53:36,360
Speaker 5: like I talked about earlier, it requires you to have

1125
00:53:36,600 --> 00:53:40,799
Speaker 5: all your your i's dotted and your tea's crossed because

1126
00:53:40,840 --> 00:53:43,200
Speaker 5: you're going to take outside people's money. And so with this,

1127
00:53:43,600 --> 00:53:45,560
Speaker 5: some of these residents in these houses have been living

1128
00:53:45,600 --> 00:53:49,759
Speaker 5: there for twenty years. Literally. There's there's mother daughters that

1129
00:53:49,800 --> 00:53:51,920
Speaker 5: live in separate houses on the property. There's niece and

1130
00:53:52,000 --> 00:53:54,719
Speaker 5: uncle that lived next door to each other. And you know,

1131
00:53:54,760 --> 00:53:59,720
Speaker 5: these are long term stable tenants, all all African American,

1132
00:54:00,960 --> 00:54:05,080
Speaker 5: some of them most of them actually all of them hardworking.

1133
00:54:05,120 --> 00:54:06,799
Speaker 5: I don't have there's no there's really no Section eight

1134
00:54:06,800 --> 00:54:09,360
Speaker 5: tens here. These are people that are just hardworking but

1135
00:54:09,400 --> 00:54:14,600
Speaker 5: on fixed incomes. Right, So for that, that made a

1136
00:54:14,600 --> 00:54:16,439
Speaker 5: good base case for me. It's like, Okay, there's long

1137
00:54:16,520 --> 00:54:20,560
Speaker 5: term stable revenue coming from the residential side of this property.

1138
00:54:20,719 --> 00:54:23,759
Speaker 5: These two commercial buildings over here were vacant, so that

1139
00:54:23,800 --> 00:54:26,400
Speaker 5: gives me upside, right, so I can buy it. No,

1140
00:54:26,400 --> 00:54:29,040
Speaker 5: I'm gonna have all this revenue, which is about nine thousand,

1141
00:54:29,040 --> 00:54:31,319
Speaker 5: almost ten thousand dollars a month coming from here, and

1142
00:54:31,360 --> 00:54:34,040
Speaker 5: then I can go in and renovate these two and

1143
00:54:34,120 --> 00:54:35,920
Speaker 5: bring in another seven eight thousand dollars a month in

1144
00:54:35,960 --> 00:54:38,919
Speaker 5: revenue on the commercial side. So that's what I did.

1145
00:54:38,960 --> 00:54:41,880
Speaker 5: So that's how I decided to package it up and

1146
00:54:41,920 --> 00:54:45,480
Speaker 5: I decided to do the crowdfund, and you know, I

1147
00:54:45,480 --> 00:54:47,360
Speaker 5: didn't know how successful the crowdfund was going to be,

1148
00:54:47,840 --> 00:54:50,920
Speaker 5: but it ended up being extremely successful. The most you

1149
00:54:50,960 --> 00:54:54,200
Speaker 5: can raise with this type of crowdfund and it's sec regulated,

1150
00:54:54,360 --> 00:54:57,160
Speaker 5: is a million and seventy thousand, and it took me

1151
00:54:57,200 --> 00:54:59,359
Speaker 5: seven months and we that we hit that goal. So

1152
00:54:59,400 --> 00:55:01,799
Speaker 5: that gave us an enough money to go in and

1153
00:55:01,840 --> 00:55:07,040
Speaker 5: renovate everything and pay off the short term debt with

1154
00:55:08,160 --> 00:55:09,840
Speaker 5: the bridge loan because I did have the close on

1155
00:55:09,880 --> 00:55:11,600
Speaker 5: it in March, which was before I had raised the

1156
00:55:11,640 --> 00:55:14,120
Speaker 5: full six hundred thousand, so I ended up using some

1157
00:55:14,160 --> 00:55:16,560
Speaker 5: of the private investors' money, but not all of it.

1158
00:55:17,600 --> 00:55:19,200
Speaker 5: So this is what the properties looked like before. Again,

1159
00:55:19,200 --> 00:55:21,319
Speaker 5: attendants had been there long term. They were happy with it.

1160
00:55:21,560 --> 00:55:23,680
Speaker 5: So what I did was I just to reinforce that

1161
00:55:23,760 --> 00:55:26,399
Speaker 5: we were there to protect them and you know, we

1162
00:55:26,400 --> 00:55:29,120
Speaker 5: were going to be good landlords. I went and I

1163
00:55:29,160 --> 00:55:31,040
Speaker 5: did some slight renovations to the property just to make

1164
00:55:31,080 --> 00:55:32,920
Speaker 5: them feel better. So this is what it looks like now.

1165
00:55:32,960 --> 00:55:35,400
Speaker 5: I came in, I did landscaping, I put screens on

1166
00:55:35,400 --> 00:55:39,880
Speaker 5: everybody's windows to help with their utility bills, and repainted

1167
00:55:39,880 --> 00:55:41,960
Speaker 5: everything just made it look nice and neat, and you

1168
00:55:42,000 --> 00:55:44,719
Speaker 5: can see the bottom picture actually repaved everything to give

1169
00:55:44,719 --> 00:55:47,239
Speaker 5: it a fresh new look. This is the status of

1170
00:55:47,239 --> 00:55:49,200
Speaker 5: one of the commercial buildings. So this is going to

1171
00:55:49,239 --> 00:55:51,560
Speaker 5: be short term pier space. So this is what looked

1172
00:55:51,600 --> 00:55:54,480
Speaker 5: like before. It looked like it was almost tear down worthy,

1173
00:55:54,760 --> 00:55:56,480
Speaker 5: you know, but we took it back to the bones

1174
00:55:56,880 --> 00:56:00,239
Speaker 5: and now this is what it looks like, what it

1175
00:56:00,239 --> 00:56:04,520
Speaker 5: looked like on the inside before. And so this is

1176
00:56:04,520 --> 00:56:07,239
Speaker 5: what it looks like now. This is what a couple

1177
00:56:07,239 --> 00:56:09,040
Speaker 5: of weeks ago the renovations, and this is closer. This

1178
00:56:09,080 --> 00:56:10,960
Speaker 5: is what it looks like now. So I'm almost done

1179
00:56:11,000 --> 00:56:14,200
Speaker 5: with it. You know. This is going to be so

1180
00:56:14,560 --> 00:56:17,080
Speaker 5: think of airbnb, be for business, uses short term business,

1181
00:56:17,160 --> 00:56:20,759
Speaker 5: uses event space or like office spaces, et cetera, et cetera.

1182
00:56:21,520 --> 00:56:23,200
Speaker 5: And then this is the other building. This is the

1183
00:56:23,200 --> 00:56:24,840
Speaker 5: building down here in the corner where we've got to

1184
00:56:24,880 --> 00:56:27,719
Speaker 5: gut it back to the studs and we're getting ready

1185
00:56:27,719 --> 00:56:29,319
Speaker 5: to bring it back. It's probably going to be an

1186
00:56:29,320 --> 00:56:31,640
Speaker 5: event space for now, and then we're probably gonna turn

1187
00:56:31,640 --> 00:56:33,759
Speaker 5: into a coffee shop in a year or two. We

1188
00:56:33,800 --> 00:56:36,520
Speaker 5: had coffee shops the original concept because of COVID. I

1189
00:56:36,560 --> 00:56:40,520
Speaker 5: don't want to take all that additional and additional capital

1190
00:56:40,560 --> 00:56:43,560
Speaker 5: and invest in something that may not secure a tenant

1191
00:56:43,640 --> 00:56:45,880
Speaker 5: right away. So it's something like event spaces where you

1192
00:56:45,960 --> 00:56:48,160
Speaker 5: just I'm just building it back out to basically what

1193
00:56:48,200 --> 00:56:50,719
Speaker 5: they call in commercial real estate, just a box, right,

1194
00:56:50,760 --> 00:56:54,120
Speaker 5: so white floors, white walls, and lighting and open space

1195
00:56:54,160 --> 00:56:55,440
Speaker 5: so people can rent it and use it like that

1196
00:56:55,480 --> 00:56:58,040
Speaker 5: and we can generate revenue off of it without having

1197
00:56:58,040 --> 00:57:02,279
Speaker 5: to have a significant investment. Yeah man, And this is

1198
00:57:02,280 --> 00:57:04,480
Speaker 5: this is what you're talking about, Troy, the Culture Arts district.

1199
00:57:05,200 --> 00:57:07,440
Speaker 5: So the whole street, this whole street with fifth word

1200
00:57:07,440 --> 00:57:10,200
Speaker 5: Community Development Corporation got disapproved to be a culture arts district.

1201
00:57:11,520 --> 00:57:12,040
Speaker 2: So yeah.

1202
00:57:12,080 --> 00:57:15,040
Speaker 5: So and this project, this crowdfunded project is right here

1203
00:57:15,080 --> 00:57:17,120
Speaker 5: in the heart of it, right off of the freeway.

1204
00:57:17,440 --> 00:57:20,880
Speaker 5: So that's another upside for having ownership in this community

1205
00:57:20,880 --> 00:57:24,280
Speaker 5: because there's gonna be a lot of uh, public money

1206
00:57:24,320 --> 00:57:26,760
Speaker 5: coming into the community now because it's a culture arts district.

1207
00:57:27,240 --> 00:57:30,200
Speaker 5: So yeah, man, So that's it. That's that's what I

1208
00:57:30,200 --> 00:57:30,800
Speaker 5: got for you.

1209
00:57:30,960 --> 00:57:34,000
Speaker 3: That's incredible appreciation. I asked, I asked Chris to put

1210
00:57:34,040 --> 00:57:36,760
Speaker 3: together a presentation. I didn't know he was going to

1211
00:57:36,760 --> 00:57:41,120
Speaker 3: do a whole that was that was extremely impressive.

1212
00:57:41,200 --> 00:57:41,400
Speaker 8: Man.

1213
00:57:41,480 --> 00:57:44,160
Speaker 3: I really, I really really really really appreciate that. That

1214
00:57:44,280 --> 00:57:46,400
Speaker 3: was that was extremely extremely impressive.

1215
00:57:47,480 --> 00:57:50,320
Speaker 5: Well appreciated man, much appreciated man. And trust me, I

1216
00:57:50,320 --> 00:57:52,000
Speaker 5: can go hours on each one of those slides, So

1217
00:57:52,200 --> 00:57:53,160
Speaker 5: I tried to keep it short.

1218
00:57:54,200 --> 00:57:55,640
Speaker 3: Now you know what the thing about it is, and

1219
00:57:55,680 --> 00:57:57,520
Speaker 3: we're gonna go into the best part of the whole

1220
00:57:57,520 --> 00:57:59,959
Speaker 3: situation when people get to ask questions and answer the question.

1221
00:58:00,160 --> 00:58:03,200
Speaker 3: But it's like, you know, we're in a political season

1222
00:58:03,280 --> 00:58:06,000
Speaker 3: right now, and obviously everybody should go out there and

1223
00:58:06,080 --> 00:58:08,120
Speaker 3: vote for, you know, whatever you think is the right

1224
00:58:08,160 --> 00:58:12,320
Speaker 3: situation to do. But nobody's coming to save you either way.

1225
00:58:12,840 --> 00:58:15,720
Speaker 3: And you can't rely on you can't rely on government programs.

1226
00:58:16,120 --> 00:58:20,640
Speaker 3: You can't rely on any type of you know, opportunity zone,

1227
00:58:20,800 --> 00:58:23,840
Speaker 3: government assistance to help build. Like at the end of

1228
00:58:23,880 --> 00:58:28,840
Speaker 3: the day, human human nature is self preservation and people

1229
00:58:29,440 --> 00:58:34,760
Speaker 3: people are tribal by nature and and and they look

1230
00:58:34,760 --> 00:58:38,520
Speaker 3: out for their own tribe. So it's unrealistic to expect

1231
00:58:38,560 --> 00:58:44,000
Speaker 3: anybody to come ah better our situation as a community.

1232
00:58:44,280 --> 00:58:45,880
Speaker 3: This is why we have to do it ourselves. So

1233
00:58:46,440 --> 00:58:48,600
Speaker 3: when we just you know, give you the whole blueprint

1234
00:58:48,600 --> 00:58:50,760
Speaker 3: about how he built, how he's buying back the block

1235
00:58:50,800 --> 00:58:53,440
Speaker 3: in Houston, Texas. He's doing it like hook a crook.

1236
00:58:53,480 --> 00:58:55,720
Speaker 3: And the thing about it is like when he when

1237
00:58:55,760 --> 00:58:58,160
Speaker 3: he he just laid out like two different things because

1238
00:58:58,200 --> 00:59:01,280
Speaker 3: like the first one he did just private money the

1239
00:59:02,320 --> 00:59:05,280
Speaker 3: woman that had the IRA and then he puts some

1240
00:59:05,360 --> 00:59:08,320
Speaker 3: money down. Then the second time he did the crowdfunding.

1241
00:59:08,480 --> 00:59:10,680
Speaker 3: So he's given you multiple different like on that first

1242
00:59:10,760 --> 00:59:12,360
Speaker 3: slide where it was like you can do it yourself,

1243
00:59:12,400 --> 00:59:14,400
Speaker 3: you can do a bank finance, and you could do crowdfunding.

1244
00:59:14,400 --> 00:59:16,959
Speaker 3: He's giving you different things and he actually did different things.

1245
00:59:16,960 --> 00:59:20,240
Speaker 3: And it's like it's not like he's coming from you know,

1246
00:59:20,360 --> 00:59:22,600
Speaker 3: millions of dollars and got a million dollar loan and

1247
00:59:22,680 --> 00:59:24,480
Speaker 3: bank loans and all that stuff. It's like we can

1248
00:59:24,520 --> 00:59:27,000
Speaker 3: make excuses or we can we can get it done,

1249
00:59:27,080 --> 00:59:29,720
Speaker 3: and we can you know, change the direction of our

1250
00:59:29,880 --> 00:59:31,960
Speaker 3: of our family and our legacy. And that's what I

1251
00:59:32,000 --> 00:59:34,280
Speaker 3: really like about you. It's like you're not making excuses.

1252
00:59:34,800 --> 00:59:37,000
Speaker 3: He's just out here just just doing it done. Man,

1253
00:59:37,320 --> 00:59:37,800
Speaker 3: got it done.

1254
00:59:37,840 --> 00:59:40,400
Speaker 2: We ain't throwing the word legend around lightly. Man, We're

1255
00:59:40,440 --> 00:59:42,280
Speaker 2: talking to a real legend, and I'm glad you said

1256
00:59:42,320 --> 00:59:44,440
Speaker 2: opportunities zone because Chris I heard you say something that

1257
00:59:44,520 --> 00:59:46,920
Speaker 2: I've never heard before, and we kind of explained with

1258
00:59:47,000 --> 00:59:49,000
Speaker 2: opportunities zones well and shout out to our brother MG

1259
00:59:49,040 --> 00:59:50,680
Speaker 2: to Marris Guy. We did a whole segment on that,

1260
00:59:51,280 --> 00:59:53,280
Speaker 2: but you said they kind of really don't benefit us

1261
00:59:53,320 --> 00:59:55,720
Speaker 2: obviously because you have to have capital gains. But you

1262
00:59:55,760 --> 00:59:58,880
Speaker 2: said something very interesting. You said the process of moving.

1263
01:00:00,080 --> 01:00:02,240
Speaker 2: This episode is brought to you by P and C Bank.

1264
01:00:02,640 --> 01:00:05,400
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1265
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1266
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1267
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1268
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1269
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1270
01:00:23,240 --> 01:00:26,600
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1271
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1272
01:00:31,560 --> 01:00:34,200
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1273
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1274
01:00:37,920 --> 01:00:44,520
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1275
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1276
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1277
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1278
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1279
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1280
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1281
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1282
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1283
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1284
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Speaker 2: you're a business owner or even just thinking about launching

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Speaker 2: something soon, Square is hands down one of the best

1286
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1287
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Speaker 2: It's not just about payments, it's about giving you time

1288
01:01:27,680 --> 01:01:30,640
Speaker 2: back so you can focus on what matters most ready.

1289
01:01:30,640 --> 01:01:34,040
Speaker 2: To see how Square can transform your business, visit Square

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Speaker 2: dot com backslash go backslash eyl to learn more that

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Speaker 2: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

1292
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Speaker 2: Let's Square handle the back end so you can keep

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Speaker 2: pushing your vision forward.

1294
01:01:50,680 --> 01:01:54,560
Speaker 9: You just realized your business needed to hire someone yesterday.

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Speaker 9: so you can reach the people you want faster. According

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Speaker 9: to Indeed data, sponsored jobs posted directly on Indeed have

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Speaker 9: dollars sponsored job credit to get your jobs more visibility

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01:02:29,880 --> 01:02:35,600
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1306
01:02:35,640 --> 01:02:40,440
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1307
01:02:40,760 --> 01:02:43,320
Speaker 9: and support our show by saying you heard about Indeed

1308
01:02:43,360 --> 01:02:47,680
Speaker 9: on this podcast. Terms and conditions apply. Hiring Indeed is

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01:02:47,720 --> 01:02:48,320
Speaker 9: all you need.

1310
01:02:48,840 --> 01:02:51,720
Speaker 2: Bling your business into an opportunity zone could benefit us.

1311
01:02:51,760 --> 01:02:53,080
Speaker 2: Can you talk about that just a little bit.

1312
01:02:54,200 --> 01:02:59,400
Speaker 5: Yeah, So, so the way it works is, well, I

1313
01:02:59,400 --> 01:03:01,760
Speaker 5: think you have to acquire a business outside of an

1314
01:03:01,760 --> 01:03:06,200
Speaker 5: opportunity zone or you have to have investors. Okay, let

1315
01:03:06,240 --> 01:03:08,160
Speaker 5: me let me back up. So, yeah, so if you

1316
01:03:08,240 --> 01:03:12,000
Speaker 5: personally acquire a business that's outside of an opportunity zone

1317
01:03:12,000 --> 01:03:13,920
Speaker 5: and then you move it into an opportunity zone, you

1318
01:03:13,960 --> 01:03:17,600
Speaker 5: get the same tax benefits as the people that are

1319
01:03:17,640 --> 01:03:21,720
Speaker 5: investing in real estate in those zones. You can also

1320
01:03:21,880 --> 01:03:26,240
Speaker 5: have investors invest in a business for you to buy

1321
01:03:26,680 --> 01:03:29,560
Speaker 5: and then you relocate into an opportunity zone and those

1322
01:03:29,560 --> 01:03:33,400
Speaker 5: investors get those same tax benefits. And like you said,

1323
01:03:33,440 --> 01:03:36,320
Speaker 5: opportunity zones aren't really made for us because you have

1324
01:03:36,360 --> 01:03:39,640
Speaker 5: to have capital gains. So the way that you that

1325
01:03:39,720 --> 01:03:42,800
Speaker 5: you do benefit from it is you get investors to

1326
01:03:42,840 --> 01:03:45,720
Speaker 5: invest either in your real estate or your businesses. Get

1327
01:03:45,720 --> 01:03:48,400
Speaker 5: those those folks that do have capital gains to invest

1328
01:03:48,440 --> 01:03:51,760
Speaker 5: in your businesses. And then while you you may get

1329
01:03:51,760 --> 01:03:55,240
Speaker 5: a small portion of the actual returns from an investment,

1330
01:03:55,720 --> 01:03:59,040
Speaker 5: you know you you have the ability to leverage all

1331
01:03:59,120 --> 01:04:01,440
Speaker 5: of their capital for whatever project you're trying to get done.

1332
01:04:02,360 --> 01:04:04,680
Speaker 3: There, you have it, So we're gonna jump into it.

1333
01:04:04,680 --> 01:04:06,160
Speaker 3: Can you can you hang out with us a little

1334
01:04:06,160 --> 01:04:09,200
Speaker 3: bit longer? Yeah, definitely some question A So we're gonna

1335
01:04:09,200 --> 01:04:11,280
Speaker 3: we're gonna answer questions. So before we do that, anybody

1336
01:04:11,280 --> 01:04:13,880
Speaker 3: that came on late, So what we're doing right now,

1337
01:04:14,160 --> 01:04:17,120
Speaker 3: if you're wondering why we're doing like this special YouTube

1338
01:04:17,160 --> 01:04:20,720
Speaker 3: live Eyo University is a platform that we built and

1339
01:04:20,840 --> 01:04:23,000
Speaker 3: we do weekly webinars. We do this like we do

1340
01:04:23,040 --> 01:04:26,120
Speaker 3: classes like this every single week and every Wednesday at

1341
01:04:26,120 --> 01:04:28,480
Speaker 3: eight o'clock Eastern Standard, and the last Wednesday of the

1342
01:04:28,520 --> 01:04:30,560
Speaker 3: month we open it up to the public. We put

1343
01:04:30,560 --> 01:04:32,840
Speaker 3: it on YouTube, so it's like an open house, like,

1344
01:04:32,880 --> 01:04:34,520
Speaker 3: you know, we feel like the best way to kind

1345
01:04:34,520 --> 01:04:36,640
Speaker 3: of you know, put the product on display is for

1346
01:04:36,800 --> 01:04:39,280
Speaker 3: people to walk through try it out. Right. We have

1347
01:04:39,400 --> 01:04:42,160
Speaker 3: nothing to hide, so this is this is just what

1348
01:04:42,200 --> 01:04:45,880
Speaker 3: that is. So and outside of this, we do weekly classes.

1349
01:04:45,920 --> 01:04:47,400
Speaker 3: We got the book club, we got the movie Club,

1350
01:04:47,400 --> 01:04:49,880
Speaker 3: we got the Facebook Investment Group, we got biweekly real

1351
01:04:49,960 --> 01:04:51,840
Speaker 3: estate called a MG the mortgage guy, we got monthly

1352
01:04:51,840 --> 01:04:54,200
Speaker 3: financial planning calls with me. So we're really trying to

1353
01:04:54,200 --> 01:04:56,240
Speaker 3: build this out and to be like, like I keep

1354
01:04:56,240 --> 01:04:58,880
Speaker 3: saying Phoenix University because that's what I think about when

1355
01:04:58,880 --> 01:05:02,240
Speaker 3: I think about like online universities, I think, like everybody's

1356
01:05:02,280 --> 01:05:04,080
Speaker 3: kind of heard of Phoenix University, but I'm like, why

1357
01:05:04,120 --> 01:05:07,840
Speaker 3: can't EYL University be the flag bearer? And the way

1358
01:05:07,960 --> 01:05:11,160
Speaker 3: education is going now is like education is the only

1359
01:05:11,160 --> 01:05:13,800
Speaker 3: thing that can save you because it's like, you know,

1360
01:05:13,880 --> 01:05:16,200
Speaker 3: you you're trying to you know, you try to get

1361
01:05:16,200 --> 01:05:18,760
Speaker 3: a job, and it's it's good luck right now right,

1362
01:05:18,880 --> 01:05:21,680
Speaker 3: And it's like you know, self education, as Mickey Fax said,

1363
01:05:22,160 --> 01:05:24,680
Speaker 3: formal education can get you a portion, self education can

1364
01:05:24,680 --> 01:05:26,600
Speaker 3: make you a fortune. You're not gonna learn any of

1365
01:05:26,600 --> 01:05:29,200
Speaker 3: this stuff in any Ivy League Schoolie, you're not gonna

1366
01:05:29,240 --> 01:05:30,920
Speaker 3: learn any of this stuff in any Ivy League school.

1367
01:05:30,920 --> 01:05:33,040
Speaker 3: That's just a fact. It's not my opinion. It's a fact.

1368
01:05:34,000 --> 01:05:36,040
Speaker 3: And that has been told to us from hedge fund

1369
01:05:36,080 --> 01:05:42,120
Speaker 3: managers to VC capital firm owners, very high level intelligent people.

1370
01:05:42,120 --> 01:05:44,400
Speaker 3: They're like yo, with the information that you give. They're

1371
01:05:44,440 --> 01:05:46,840
Speaker 3: not teaching this in Stanford, like not at this level

1372
01:05:46,880 --> 01:05:49,840
Speaker 3: where people can understand it. For damn. They're free. So

1373
01:05:49,920 --> 01:05:52,240
Speaker 3: if you're interested in EYL University, like I said, this

1374
01:05:52,280 --> 01:05:55,480
Speaker 3: is an open house platform that we do once a month,

1375
01:05:56,280 --> 01:05:59,320
Speaker 3: and we're running a special promo cold forty percent off.

1376
01:06:00,400 --> 01:06:02,400
Speaker 3: The price goes up in twenty four hours, so eight

1377
01:06:02,400 --> 01:06:04,680
Speaker 3: o'clock tomorrow. But it's three hundred, like three hundred dolls,

1378
01:06:04,680 --> 01:06:05,560
Speaker 3: three hundred and foy dollars.

1379
01:06:05,880 --> 01:06:07,640
Speaker 2: Somebody just said that this class itself is worth the

1380
01:06:07,640 --> 01:06:08,800
Speaker 2: price for the whole.

1381
01:06:08,760 --> 01:06:10,400
Speaker 3: For the whole time. Yeah, it's like, you know, it's

1382
01:06:10,400 --> 01:06:12,720
Speaker 3: like the fact. What can you what can you do

1383
01:06:12,760 --> 01:06:14,760
Speaker 3: with that? That's like I said, that's a few bottles

1384
01:06:14,800 --> 01:06:17,960
Speaker 3: of Sarak, like one bottle of sarrock in the club.

1385
01:06:17,760 --> 01:06:18,960
Speaker 2: In the club a fact.

1386
01:06:19,280 --> 01:06:19,840
Speaker 3: That's a fact.

1387
01:06:20,200 --> 01:06:21,560
Speaker 2: Ain't no theories, ain't no gimmicks.

1388
01:06:21,600 --> 01:06:21,720
Speaker 5: Man.

1389
01:06:21,720 --> 01:06:24,040
Speaker 2: We're given it to you, real live from real life people.

1390
01:06:24,120 --> 01:06:26,240
Speaker 3: And there's no code because before a lot of people

1391
01:06:26,320 --> 01:06:28,160
Speaker 3: was asking about the code it was issued, so for

1392
01:06:28,200 --> 01:06:30,400
Speaker 3: twenty four hours we took the code off. But it's

1393
01:06:30,400 --> 01:06:32,320
Speaker 3: a special link. You can only use the link in

1394
01:06:32,360 --> 01:06:35,640
Speaker 3: the YouTube description or the link that's pinned in YouTube,

1395
01:06:36,120 --> 01:06:38,080
Speaker 3: So if you're watching it, that's the only way you

1396
01:06:38,080 --> 01:06:39,920
Speaker 3: can get that. It's not on the website. You got

1397
01:06:39,960 --> 01:06:41,480
Speaker 3: to go through that link. I'll put it in the

1398
01:06:41,760 --> 01:06:44,200
Speaker 3: chat again. But yeah, let's go to my favorite part.

1399
01:06:44,280 --> 01:06:46,840
Speaker 3: So this is the So the classes work like this

1400
01:06:46,880 --> 01:06:49,760
Speaker 3: where the presenter comes on and they present PowerPoint presentation

1401
01:06:50,360 --> 01:06:55,080
Speaker 3: and then afterwards the public EYO University members gets to

1402
01:06:55,120 --> 01:06:57,280
Speaker 3: ask them questions. And this is my favorite part because

1403
01:06:57,320 --> 01:06:59,120
Speaker 3: this is like mentorship in a sense where it's like

1404
01:06:59,280 --> 01:07:01,600
Speaker 3: you watch a pod cast and that's great. You get information,

1405
01:07:01,720 --> 01:07:04,440
Speaker 3: but people have questions. You try to d m these people,

1406
01:07:04,560 --> 01:07:06,720
Speaker 3: you know, it's hard for them to respond back. So

1407
01:07:06,800 --> 01:07:09,439
Speaker 3: this is the part that actually to me is even

1408
01:07:09,600 --> 01:07:11,680
Speaker 3: the best people get a sense of this in Market Mondays.

1409
01:07:11,680 --> 01:07:13,440
Speaker 3: But that's just a sense like this is what we

1410
01:07:13,480 --> 01:07:16,200
Speaker 3: do every week where people ask questions and they actually

1411
01:07:16,400 --> 01:07:19,320
Speaker 3: get to engage with these high level educated people. So

1412
01:07:19,720 --> 01:07:22,800
Speaker 3: let's let's get to some questions. I'm going to shout

1413
01:07:22,800 --> 01:07:28,840
Speaker 3: out to Julian Gordon e Yl, professor legend in his

1414
01:07:28,880 --> 01:07:29,280
Speaker 3: own right.

1415
01:07:29,320 --> 01:07:32,240
Speaker 2: That's a fact. That's a fact. I'm going to my

1416
01:07:32,280 --> 01:07:34,960
Speaker 2: boys straight out of Houston, Darius, I mute yourself. You've

1417
01:07:34,960 --> 01:07:35,480
Speaker 2: been unmuted.

1418
01:07:35,520 --> 01:07:38,360
Speaker 3: Bro, Hey, what's going on?

1419
01:07:38,440 --> 01:07:39,080
Speaker 5: What's going on?

1420
01:07:39,120 --> 01:07:41,760
Speaker 2: I'm in the building. Anything good, man, It's good with you,

1421
01:07:41,800 --> 01:07:42,880
Speaker 2: bro man.

1422
01:07:42,960 --> 01:07:45,720
Speaker 5: I cannot complain. I cannot complain.

1423
01:07:45,680 --> 01:07:48,640
Speaker 10: Loving the fact that we that we went the gentrification

1424
01:07:48,800 --> 01:07:49,640
Speaker 10: and buying back.

1425
01:07:49,440 --> 01:07:50,680
Speaker 2: The block route with this one.

1426
01:07:50,720 --> 01:07:54,240
Speaker 10: I was definitely happy to uh to hear and see

1427
01:07:54,400 --> 01:07:55,680
Speaker 10: see that post right there.

1428
01:07:55,760 --> 01:07:58,200
Speaker 5: Man, Chris, how you doing. I'm good, brother, how are you?

1429
01:07:58,840 --> 01:08:01,040
Speaker 5: I can't complain playing at all.

1430
01:08:02,080 --> 01:08:04,120
Speaker 10: I guess my question is is my cussing is not

1431
01:08:04,200 --> 01:08:10,680
Speaker 10: necessarily general, but as far as gentrification is concerned, you

1432
01:08:10,760 --> 01:08:18,280
Speaker 10: spoke a little bit about identifying neighborhoods or zip codes

1433
01:08:18,600 --> 01:08:22,439
Speaker 10: or just specific areas that may be ready to go

1434
01:08:22,479 --> 01:08:27,519
Speaker 10: through gentrification. I'm in Houston. I'm downtown right now, so

1435
01:08:28,360 --> 01:08:31,240
Speaker 10: like the Heights, I'm familiar with the Heights. I live

1436
01:08:31,360 --> 01:08:34,479
Speaker 10: near Humble, I'm familiar with Fifth Ward, Third Ward, all

1437
01:08:34,520 --> 01:08:37,080
Speaker 10: of that, And I'm driving through this stuff all day

1438
01:08:37,160 --> 01:08:40,360
Speaker 10: every day, and I'm seeing exactly what it is you've done.

1439
01:08:40,840 --> 01:08:47,320
Speaker 5: Yeah, I'm saying, you come from Humble. You see both

1440
01:08:47,360 --> 01:08:50,840
Speaker 5: of my projects from the freeway that part.

1441
01:08:51,000 --> 01:08:57,840
Speaker 10: So I'm like, right over here on Elgin fifty nine

1442
01:08:57,880 --> 01:09:00,559
Speaker 10: and Elgin before we're coming from down town.

1443
01:09:00,360 --> 01:09:01,120
Speaker 5: Over the third Ward.

1444
01:09:01,160 --> 01:09:03,879
Speaker 10: Like those properties that are right there alongside the freeway

1445
01:09:04,760 --> 01:09:06,679
Speaker 10: when they was raggedy, I saw them when they knocked

1446
01:09:06,680 --> 01:09:07,000
Speaker 10: them down.

1447
01:09:07,080 --> 01:09:09,000
Speaker 5: I saw them when they pinned them up. Yep.

1448
01:09:09,120 --> 01:09:11,360
Speaker 10: So I'm looking at it and I'm like, Okay, So

1449
01:09:11,400 --> 01:09:15,439
Speaker 10: how do I go about identifying areas that are on

1450
01:09:15,479 --> 01:09:19,560
Speaker 10: the cusp or already in the process of the gentrification.

1451
01:09:20,080 --> 01:09:22,600
Speaker 10: And then as far as getting in on that. I

1452
01:09:22,720 --> 01:09:24,680
Speaker 10: like the way that you built that, you built that out.

1453
01:09:24,680 --> 01:09:27,400
Speaker 10: So my question is is like, you still doing your

1454
01:09:27,400 --> 01:09:29,720
Speaker 10: thing in Houston. So is there an area that I

1455
01:09:29,720 --> 01:09:31,640
Speaker 10: can kind of just be like, Okay, this is what

1456
01:09:31,760 --> 01:09:33,360
Speaker 10: Chris was talking about right here.

1457
01:09:33,720 --> 01:09:36,200
Speaker 5: Man, there's tons of it. I mean you name some

1458
01:09:36,280 --> 01:09:40,040
Speaker 5: of them. That Elgin area that's third Ward close to

1459
01:09:40,080 --> 01:09:42,719
Speaker 5: the TSU. You get this opportunities. You go south towards

1460
01:09:42,760 --> 01:09:46,240
Speaker 5: Sunnyside outside of the Medical Center they call it in Sunnyside.

1461
01:09:46,320 --> 01:09:48,040
Speaker 5: Used to be here, they call it in Medical Center South.

1462
01:09:48,120 --> 01:09:51,760
Speaker 5: Now the fifth Ward still has a ton of opportunity. Man,

1463
01:09:51,760 --> 01:09:53,479
Speaker 5: it's just getting started. Like I said, that big project

1464
01:09:53,520 --> 01:09:55,920
Speaker 5: won't even be complete till twenty twenty three. So you

1465
01:09:56,000 --> 01:09:58,960
Speaker 5: got three or four neighborhoods right there, all along fifty

1466
01:09:59,000 --> 01:10:02,000
Speaker 5: nine prime for you to try to get it.

1467
01:10:02,360 --> 01:10:04,200
Speaker 3: Can you talk about You spoke about it briefly, but

1468
01:10:04,240 --> 01:10:07,000
Speaker 3: you spoke on the podcast. Also city development and urban

1469
01:10:07,040 --> 01:10:07,960
Speaker 3: planning websites.

1470
01:10:08,520 --> 01:10:11,240
Speaker 5: Yeah, So every city, every city has a planning and

1471
01:10:11,280 --> 01:10:13,720
Speaker 5: development department. Some of them call it urban planning, I

1472
01:10:13,720 --> 01:10:15,519
Speaker 5: think some of some of them call it planning and development.

1473
01:10:16,160 --> 01:10:20,000
Speaker 5: But in that sector of the website, there's always their plans.

1474
01:10:20,040 --> 01:10:23,040
Speaker 5: They have five year, ten year, twenty year plans. Some

1475
01:10:23,120 --> 01:10:26,519
Speaker 5: of them were posting the different variance requests that are

1476
01:10:26,520 --> 01:10:30,240
Speaker 5: coming up for different developer projects, and so on that site,

1477
01:10:30,320 --> 01:10:32,519
Speaker 5: you can see where the city is trying to go

1478
01:10:32,640 --> 01:10:35,080
Speaker 5: with redevelopment, and you can see where the city is

1479
01:10:35,120 --> 01:10:38,000
Speaker 5: planning to reinvest in infrastructure over the next five years

1480
01:10:38,240 --> 01:10:40,360
Speaker 5: or ten years. And so that can be a key

1481
01:10:40,360 --> 01:10:42,759
Speaker 5: indicator of where you should go as well, because especially

1482
01:10:42,800 --> 01:10:44,960
Speaker 5: if it's a city that has the ability to get

1483
01:10:44,960 --> 01:10:46,559
Speaker 5: grant money that type of thing, they're going to be

1484
01:10:46,920 --> 01:10:48,880
Speaker 5: enticing developers and other people to go in there to

1485
01:10:48,920 --> 01:10:51,639
Speaker 5: be that catalyst like the big project I showed y'all.

1486
01:10:52,120 --> 01:10:53,600
Speaker 5: And so once you see those types of things, and

1487
01:10:53,760 --> 01:10:55,840
Speaker 5: then it's time for you to try to, you know,

1488
01:10:55,960 --> 01:10:57,479
Speaker 5: just get in the money flow of what's going on

1489
01:10:57,600 --> 01:10:58,200
Speaker 5: in that area.

1490
01:10:58,600 --> 01:11:04,280
Speaker 2: So yeah, Dars, appreciate you. Bro. Houston's own YO. You

1491
01:11:04,320 --> 01:11:06,360
Speaker 2: didn't notice, but I put Beyonce up there for you.

1492
01:11:06,479 --> 01:11:09,000
Speaker 3: Soon shout out. We got shot out a few a few,

1493
01:11:09,040 --> 01:11:12,400
Speaker 3: a few of our loyal supporters in Houston, Texas from

1494
01:11:12,400 --> 01:11:17,080
Speaker 3: the hip hop side, Toby Way, we had him here,

1495
01:11:17,080 --> 01:11:19,000
Speaker 3: We had him on this on the show, and he's

1496
01:11:19,040 --> 01:11:20,920
Speaker 3: tearing that he's the hottest dude out right now. Seen

1497
01:11:20,920 --> 01:11:22,800
Speaker 3: them last night at hip hop. He did his thing,

1498
01:11:22,840 --> 01:11:26,200
Speaker 3: a little kikey legend. Legend came to our event, came

1499
01:11:26,240 --> 01:11:29,120
Speaker 3: to our event. Used to let the airport Jazz. Prince

1500
01:11:29,720 --> 01:11:31,960
Speaker 3: reached out to me on Instagram, shout out to shout

1501
01:11:31,960 --> 01:11:33,880
Speaker 3: out to the whole Prince family. We got crazy story

1502
01:11:33,880 --> 01:11:37,439
Speaker 3: about the Prince family. Paul Wall ran into him at

1503
01:11:37,479 --> 01:11:40,240
Speaker 3: the airport. Yo, we were coming to Houston, man, we coming.

1504
01:11:41,360 --> 01:11:44,240
Speaker 3: Don't forget Slim Dog. Slim Dog ran into him. Also

1505
01:11:44,280 --> 01:11:45,320
Speaker 3: a shout to Slim Thug.

1506
01:11:45,360 --> 01:11:46,320
Speaker 2: We had a crazy weekend.

1507
01:11:46,320 --> 01:11:48,320
Speaker 3: Sh shout out to Madhatta.

1508
01:11:48,360 --> 01:11:48,479
Speaker 11: Yo.

1509
01:11:48,560 --> 01:11:50,280
Speaker 3: That was a crazy week crazy shout.

1510
01:11:51,960 --> 01:11:52,200
Speaker 2: Show.

1511
01:11:52,560 --> 01:11:54,320
Speaker 3: So yeah, I just wanted to shy youyboy in Houston.

1512
01:11:54,400 --> 01:11:55,200
Speaker 2: Shout to Mike Brown.

1513
01:11:55,680 --> 01:11:59,200
Speaker 3: Shout to Mike Brown, like, yeah, shout out to jazz.

1514
01:12:00,240 --> 01:12:01,559
Speaker 3: Yeah from Lace Chateau.

1515
01:12:01,960 --> 01:12:04,400
Speaker 2: That's a fact. Jasmine, What up? What up? Uh, let's

1516
01:12:04,400 --> 01:12:07,760
Speaker 2: go to I'm gonna mixture bass me. Hope, I got

1517
01:12:07,760 --> 01:12:09,720
Speaker 2: that right. I mute yourself. You've been unmuted. What's going on?

1518
01:12:15,240 --> 01:12:18,719
Speaker 2: We know there's no fresher. Oh every time I say fridge,

1519
01:12:18,720 --> 01:12:20,120
Speaker 2: they on. What's going on?

1520
01:12:20,320 --> 01:12:22,639
Speaker 3: What's going on? Oh?

1521
01:12:22,720 --> 01:12:24,479
Speaker 5: Yeah, I just want to ask real when you did

1522
01:12:24,520 --> 01:12:28,720
Speaker 5: that crowd funded, right, was that with the promise of

1523
01:12:28,840 --> 01:12:31,080
Speaker 5: keeping the properties and renting them out or are you

1524
01:12:31,080 --> 01:12:32,519
Speaker 5: giving out dividends? How is that?

1525
01:12:32,760 --> 01:12:35,000
Speaker 3: How are they getting a return on their money? That's

1526
01:12:35,120 --> 01:12:37,599
Speaker 3: what platform crowd.

1527
01:12:37,600 --> 01:12:39,600
Speaker 5: That's a great question. Yeah, so the platform I use

1528
01:12:39,640 --> 01:12:43,120
Speaker 5: is called bottle block dot com based on Denver, Colorado.

1529
01:12:43,320 --> 01:12:45,519
Speaker 5: But yeah, so they are getting dividends, so they what

1530
01:12:45,560 --> 01:12:48,160
Speaker 5: I'm doing is I'm taking forty percent of the net

1531
01:12:48,240 --> 01:12:50,800
Speaker 5: profit from the rents and I'm dividing that up and

1532
01:12:50,840 --> 01:12:54,360
Speaker 5: I'm sending that out to everybody. And so just like

1533
01:12:54,400 --> 01:12:57,759
Speaker 5: in the dividend, it'll be between like two to three percent,

1534
01:12:58,479 --> 01:13:00,240
Speaker 5: like one and a half to three percent of the

1535
01:13:00,280 --> 01:13:02,439
Speaker 5: investment amount. But you know you're on Nike stock, you

1536
01:13:02,439 --> 01:13:05,320
Speaker 5: get a one percent dividend, and so you know with

1537
01:13:05,439 --> 01:13:08,559
Speaker 5: this you also get the share value appreciation because you're

1538
01:13:08,560 --> 01:13:11,240
Speaker 5: not just donating money, you're not lending money. You actually

1539
01:13:11,240 --> 01:13:13,800
Speaker 5: bought a piece of ownership of this property. So as

1540
01:13:13,800 --> 01:13:16,240
Speaker 5: the property value goes up, your share value goes up.

1541
01:13:16,520 --> 01:13:18,840
Speaker 5: And so that's where the real return is. And so

1542
01:13:19,479 --> 01:13:21,799
Speaker 5: the way I have the project set up, it's supposed

1543
01:13:21,800 --> 01:13:24,360
Speaker 5: to be a seven year project. So you know, we

1544
01:13:24,400 --> 01:13:27,160
Speaker 5: bought it for one point two particularly be worth about

1545
01:13:27,160 --> 01:13:30,320
Speaker 5: three million in about seven years and then so you

1546
01:13:30,360 --> 01:13:32,880
Speaker 5: have options to sell your shares and get out. We

1547
01:13:32,880 --> 01:13:35,360
Speaker 5: can refinance it and stay in and basically everybody can

1548
01:13:35,400 --> 01:13:38,160
Speaker 5: still pull their initial capital out they initially invested. So

1549
01:13:38,320 --> 01:13:39,599
Speaker 5: that's how it got a structured.

1550
01:13:40,560 --> 01:13:43,519
Speaker 2: So appreciate that, SHARLRETTA were coming to you. I hope

1551
01:13:43,560 --> 01:13:44,719
Speaker 2: I said your name right, Sharrett.

1552
01:13:44,800 --> 01:13:48,759
Speaker 5: I hope ready, Yeah, you said it right here.

1553
01:13:48,640 --> 01:13:51,000
Speaker 2: We go, and you was ready right when I pressed

1554
01:13:51,000 --> 01:13:51,840
Speaker 2: on you. Thank you.

1555
01:13:52,360 --> 01:13:53,240
Speaker 11: I was ready to pounce.

1556
01:13:53,320 --> 01:13:55,759
Speaker 5: I was ready to pounce. Do it Okay.

1557
01:13:55,880 --> 01:13:58,680
Speaker 12: So I just want to say I've been with you

1558
01:13:58,760 --> 01:14:02,200
Speaker 12: aileybout forty five days, and Yo, this is so worth

1559
01:14:02,200 --> 01:14:02,880
Speaker 12: the investment.

1560
01:14:04,520 --> 01:14:05,120
Speaker 2: I appreciate.

1561
01:14:05,120 --> 01:14:09,040
Speaker 12: Appreciate that, Chris is finally nice to see your face

1562
01:14:09,400 --> 01:14:11,439
Speaker 12: because I tell you, I'm kicking myself that I did

1563
01:14:11,560 --> 01:14:14,360
Speaker 12: not join when you guys had this out on by the.

1564
01:14:14,280 --> 01:14:21,759
Speaker 5: Block dot com. Oh that, but I love the thought process.

1565
01:14:21,840 --> 01:14:25,960
Speaker 4: So one of the questions I really had was for.

1566
01:14:26,439 --> 01:14:27,959
Speaker 5: Someone like myself.

1567
01:14:28,320 --> 01:14:32,920
Speaker 12: I actually came across a property about three years ago

1568
01:14:33,160 --> 01:14:36,479
Speaker 12: in one of these up and coming neighborhoods. I'm getting

1569
01:14:36,520 --> 01:14:39,840
Speaker 12: ready to actually build my first home, and one of

1570
01:14:39,880 --> 01:14:41,559
Speaker 12: my things is, you know, I'm kind of torn in

1571
01:14:41,600 --> 01:14:45,640
Speaker 12: the fact that you know it is you know, developers

1572
01:14:45,680 --> 01:14:48,599
Speaker 12: are coming in that don't necessarily look like us. So

1573
01:14:49,080 --> 01:14:51,519
Speaker 12: what advice would you have for someone getting in the

1574
01:14:51,560 --> 01:14:55,280
Speaker 12: game that necessarily doesn't have the capitalization to go and

1575
01:14:55,360 --> 01:14:58,439
Speaker 12: buy the block and starting out with that one one

1576
01:14:58,479 --> 01:14:59,360
Speaker 12: piece here or there.

1577
01:15:00,200 --> 01:15:03,439
Speaker 5: Yeah, definitely start wherever you can. You know, the developers

1578
01:15:03,479 --> 01:15:04,800
Speaker 5: are going to come. Like I said, you can't really

1579
01:15:04,840 --> 01:15:09,320
Speaker 5: stop them. So you know, some of the other concept

1580
01:15:09,320 --> 01:15:11,040
Speaker 5: we'll talk about, maybe like getting a small group of

1581
01:15:11,040 --> 01:15:15,040
Speaker 5: people together to co invest with you. You can maybe

1582
01:15:15,080 --> 01:15:17,519
Speaker 5: two or three people that may have some money sitting

1583
01:15:17,560 --> 01:15:20,200
Speaker 5: in the old UH savings, that kind of old UH

1584
01:15:20,439 --> 01:15:22,840
Speaker 5: four one K we talked about earlier. You can use

1585
01:15:22,840 --> 01:15:25,200
Speaker 5: that as your down payment and maybe have another partner

1586
01:15:25,240 --> 01:15:27,280
Speaker 5: has good credit. You know, if you're going to try

1587
01:15:27,280 --> 01:15:29,680
Speaker 5: to do something, I wouldn't say try to start with

1588
01:15:29,720 --> 01:15:32,679
Speaker 5: ground up development or new new construction. I would suggest

1589
01:15:32,680 --> 01:15:34,680
Speaker 5: you try to buy some, you know, something that's in

1590
01:15:34,760 --> 01:15:39,160
Speaker 5: decent condition already, even even the new building the right area,

1591
01:15:39,200 --> 01:15:44,360
Speaker 5: if the construction and the redevelopment is happening quickly. You

1592
01:15:44,400 --> 01:15:46,679
Speaker 5: can still you can still get equity in your home

1593
01:15:47,120 --> 01:15:50,080
Speaker 5: pretty quickly. It rather it's an investment that's your primary residents.

1594
01:15:50,439 --> 01:15:52,120
Speaker 5: And would also tell people too, is like if you

1595
01:15:52,120 --> 01:15:54,240
Speaker 5: want to be an investor, you want to be a landlorder,

1596
01:15:55,200 --> 01:15:57,840
Speaker 5: you got to think about if you're buying something that's existing,

1597
01:15:59,160 --> 01:16:02,880
Speaker 5: even if it passes inspection, right, the inspectors only looking

1598
01:16:02,880 --> 01:16:04,560
Speaker 5: for things that are wrong. But if you've got a

1599
01:16:04,600 --> 01:16:07,400
Speaker 5: house that's let's say it's twenty years old and they

1600
01:16:07,400 --> 01:16:09,479
Speaker 5: put a twenty year well they put a let's say

1601
01:16:09,479 --> 01:16:11,280
Speaker 5: they put a thirty year roof on it, you got

1602
01:16:11,280 --> 01:16:13,280
Speaker 5: a plan as as as the owner of their property

1603
01:16:13,280 --> 01:16:15,479
Speaker 5: that to replace a roof in five or six years

1604
01:16:15,560 --> 01:16:17,719
Speaker 5: or ten years max. Right, those type of things people

1605
01:16:17,720 --> 01:16:19,280
Speaker 5: don't think about. Whereas if you buy a brand new

1606
01:16:19,320 --> 01:16:21,479
Speaker 5: property in the community like this, but the property the

1607
01:16:21,520 --> 01:16:23,519
Speaker 5: values are going up. You know everything's new, so you

1608
01:16:23,600 --> 01:16:26,000
Speaker 5: have a longer runway before you have to start investing

1609
01:16:26,040 --> 01:16:29,559
Speaker 5: in repairs. So just just things to think about. And

1610
01:16:29,600 --> 01:16:31,840
Speaker 5: if you haven't well, if you haven't used like your

1611
01:16:31,840 --> 01:16:34,040
Speaker 5: first time home buyer credit or anything like that, you

1612
01:16:34,080 --> 01:16:36,479
Speaker 5: can get into something with three percent down even if

1613
01:16:36,479 --> 01:16:37,720
Speaker 5: you don't want to stay in it forever, just stay

1614
01:16:37,720 --> 01:16:39,080
Speaker 5: in it for a little while and turn into an

1615
01:16:39,080 --> 01:16:43,040
Speaker 5: investment property. Got all right, I appreciate thanks at.

1616
01:16:42,880 --> 01:16:46,639
Speaker 2: The game, then appreciate you appreciate it. First time homebodyies

1617
01:16:46,680 --> 01:16:48,240
Speaker 2: you say, yep.

1618
01:16:49,400 --> 01:16:51,720
Speaker 3: And people they watching our journey, like you know, we

1619
01:16:51,760 --> 01:16:53,920
Speaker 3: did trucking because we did the trucks with shout out

1620
01:16:53,920 --> 01:16:57,160
Speaker 3: to alex So we just brought our first truck and

1621
01:16:57,200 --> 01:16:59,680
Speaker 3: we're going to be like showing people the journey into that.

1622
01:17:00,280 --> 01:17:04,280
Speaker 3: So watch what we're doing in Cleveland, Ohio. We got

1623
01:17:04,280 --> 01:17:06,519
Speaker 3: a shout to be on wind shout out to big business.

1624
01:17:06,520 --> 01:17:09,040
Speaker 3: Shot about in Cleveland. But oh yeah, well we might

1625
01:17:09,080 --> 01:17:09,639
Speaker 3: come in Houston.

1626
01:17:09,640 --> 01:17:10,599
Speaker 2: I'm thinking about Houston.

1627
01:17:10,640 --> 01:17:10,720
Speaker 5: Bro.

1628
01:17:11,280 --> 01:17:12,840
Speaker 2: I'm like, yo, bro, we got a lot of love

1629
01:17:12,880 --> 01:17:15,280
Speaker 2: out there. Remember we was just in a random strip

1630
01:17:15,360 --> 01:17:16,800
Speaker 2: on eating. It was just like, yo, we love you

1631
01:17:16,840 --> 01:17:17,320
Speaker 2: out here.

1632
01:17:18,160 --> 01:17:19,800
Speaker 3: We got to talk about the prices out there.

1633
01:17:20,000 --> 01:17:21,400
Speaker 5: I was about to say, man, I can't we can't

1634
01:17:21,439 --> 01:17:22,679
Speaker 5: compete with those prices up there.

1635
01:17:23,200 --> 01:17:25,760
Speaker 3: Cleveland, Ohio. It's different right now.

1636
01:17:26,560 --> 01:17:28,760
Speaker 2: We gotta open invitation in Nashville as well. We might

1637
01:17:28,840 --> 01:17:30,439
Speaker 2: there's there's there's a couple of cities we might have

1638
01:17:30,439 --> 01:17:30,840
Speaker 2: to look.

1639
01:17:30,680 --> 01:17:32,599
Speaker 3: At Nashville, Tennessee. Shot out in Nashville.

1640
01:17:32,760 --> 01:17:36,040
Speaker 2: Let's see. Uh, I haven't seen this thing before, Garth,

1641
01:17:36,040 --> 01:17:38,040
Speaker 2: were coming to you, Garth, i'mut yourself. You've been unmuted,

1642
01:17:41,880 --> 01:17:45,760
Speaker 2: you guys. G Chris Garth, can you tell your volume

1643
01:17:45,840 --> 01:18:00,840
Speaker 2: up just a little bit? Hold on, They was about

1644
01:18:00,880 --> 01:18:02,479
Speaker 2: to hit you with the deadlines.

1645
01:18:02,000 --> 01:18:04,679
Speaker 13: Bro, know it was coming.

1646
01:18:04,880 --> 01:18:05,439
Speaker 3: Was rushing.

1647
01:18:06,000 --> 01:18:10,439
Speaker 13: Fabulous presentation, Troy Rashard, you know, fabulous job. Keep up

1648
01:18:10,439 --> 01:18:15,760
Speaker 13: the good work. Chris, you know the stuff that you're

1649
01:18:15,800 --> 01:18:19,519
Speaker 13: doing there. I'm here thinking, I'm like, dude, we need

1650
01:18:19,520 --> 01:18:22,000
Speaker 13: to replicate this across the country, you know what I mean?

1651
01:18:23,120 --> 01:18:26,599
Speaker 13: Just clone you or you create disciples and just spread

1652
01:18:26,640 --> 01:18:28,679
Speaker 13: them across the US and we just do our thing.

1653
01:18:29,400 --> 01:18:33,000
Speaker 13: And you know that's that's what I'm seeing right now.

1654
01:18:33,920 --> 01:18:36,400
Speaker 13: I know Julian down in New Orleans, he's doing this

1655
01:18:36,479 --> 01:18:37,439
Speaker 13: thing down here as well.

1656
01:18:37,880 --> 01:18:38,680
Speaker 5: I'm saying, we have.

1657
01:18:38,840 --> 01:18:41,880
Speaker 13: All these resources, man, we need to pull this together.

1658
01:18:42,040 --> 01:18:46,559
Speaker 13: Troy and Rashad, you guys are the the link between

1659
01:18:46,640 --> 01:18:49,240
Speaker 13: you know, to pull all this together, you know, create

1660
01:18:49,240 --> 01:18:52,439
Speaker 13: a master class or something where we get everybody together

1661
01:18:52,560 --> 01:18:55,400
Speaker 13: and put put something like this together where we you

1662
01:18:55,439 --> 01:19:00,439
Speaker 13: know this this energy, and just replicate it across country

1663
01:19:00,479 --> 01:19:02,920
Speaker 13: and just put in different pockets across the country and

1664
01:19:03,000 --> 01:19:04,320
Speaker 13: just do our thing. Man.

1665
01:19:05,160 --> 01:19:08,680
Speaker 3: Yeah, I mean, like I said, I wanted to say,

1666
01:19:09,240 --> 01:19:11,800
Speaker 3: she appreciated. I appreciate that. Shots at Julian Gordon. He's

1667
01:19:11,800 --> 01:19:15,080
Speaker 3: doing something similar in New Orleans, I believe. And of

1668
01:19:15,080 --> 01:19:16,800
Speaker 3: course we got Brandon Rule, who's one of the top

1669
01:19:16,800 --> 01:19:19,439
Speaker 3: real estate developers in the United States of America right now.

1670
01:19:19,840 --> 01:19:21,080
Speaker 3: We got a lot of we got a lot of

1671
01:19:21,120 --> 01:19:22,400
Speaker 3: relationships with a lot of good people.

1672
01:19:22,520 --> 01:19:22,680
Speaker 11: MG.

1673
01:19:22,760 --> 01:19:25,439
Speaker 3: The mortgage guy who's the number one real estate financing

1674
01:19:25,479 --> 01:19:28,479
Speaker 3: expert online. So maybe we can, maybe we can form

1675
01:19:28,520 --> 01:19:34,360
Speaker 3: a conglomorate Superpower super Pack, eyl Superpack.

1676
01:19:34,520 --> 01:19:36,280
Speaker 2: We're coming to take over the neighbor.

1677
01:19:37,880 --> 01:19:39,960
Speaker 5: But yeah, Garth Man, I appreciate the comment. Man, But

1678
01:19:39,960 --> 01:19:41,839
Speaker 5: that's exactly why I'm doing this. Why I'm being so

1679
01:19:42,120 --> 01:19:44,960
Speaker 5: transparent with everything, because it's way too much for me

1680
01:19:45,000 --> 01:19:46,800
Speaker 5: to try to tackle on my own. And I'm not

1681
01:19:47,000 --> 01:19:49,640
Speaker 5: I'm not the boastful, bragful, arrogant guy. I just want

1682
01:19:49,680 --> 01:19:50,559
Speaker 5: everybody on the same way.

1683
01:19:50,680 --> 01:19:50,800
Speaker 14: Man.

1684
01:19:50,960 --> 01:19:53,439
Speaker 5: It was frustrating not seeing enough of us doing this,

1685
01:19:54,720 --> 01:19:57,200
Speaker 5: And it's funny. I would be in conversations with all

1686
01:19:57,240 --> 01:20:00,800
Speaker 5: of these intellectuals, these IVY League graduates, our community, and

1687
01:20:00,800 --> 01:20:02,920
Speaker 5: they would tell me why it wouldn't work. And eventually

1688
01:20:02,920 --> 01:20:04,160
Speaker 5: I was just like, I'm just gonna do it. I'm

1689
01:20:04,160 --> 01:20:06,000
Speaker 5: just gonna show them that it can't work, you know.

1690
01:20:06,160 --> 01:20:07,479
Speaker 5: And I think that's what it takes for a lot

1691
01:20:07,520 --> 01:20:08,760
Speaker 5: of us just to get to get in there and

1692
01:20:08,800 --> 01:20:09,360
Speaker 5: start doing it.

1693
01:20:09,520 --> 01:20:11,400
Speaker 2: They keep driving on the highway, They're gonna see what

1694
01:20:11,400 --> 01:20:16,320
Speaker 2: you're doing. Is there? All right, Wanda, we are coming

1695
01:20:16,360 --> 01:20:18,479
Speaker 2: to you. I mute yourself. You've been unmuted. What's up?

1696
01:20:19,560 --> 01:20:19,720
Speaker 15: Hi?

1697
01:20:19,800 --> 01:20:20,000
Speaker 3: Y'all?

1698
01:20:20,080 --> 01:20:22,200
Speaker 16: First of all, I love you. I love to show

1699
01:20:22,240 --> 01:20:24,439
Speaker 16: out of the platform. I've told everybody in my organization.

1700
01:20:24,439 --> 01:20:26,559
Speaker 16: I have twelve hundred people about this, well, the black people.

1701
01:20:29,680 --> 01:20:31,479
Speaker 3: We love everybody.

1702
01:20:32,600 --> 01:20:36,080
Speaker 16: I have this like pipe dream of building a thriving

1703
01:20:36,120 --> 01:20:38,799
Speaker 16: Black community. And I call it a pipe dream because

1704
01:20:38,880 --> 01:20:41,439
Speaker 16: I like the strategy that you're talking about in terms

1705
01:20:41,479 --> 01:20:43,120
Speaker 16: of going into an area that's on the verge of

1706
01:20:43,120 --> 01:20:46,840
Speaker 16: re vitalization or gentrification. But I have a question about

1707
01:20:46,840 --> 01:20:50,160
Speaker 16: an area like Gary, Indiana, where and I'm from New York,

1708
01:20:50,200 --> 01:20:51,920
Speaker 16: I don't know anything about Gary. It came to me

1709
01:20:51,920 --> 01:20:55,960
Speaker 16: in a dream. So Gary, there was white flight and

1710
01:20:55,960 --> 01:20:59,040
Speaker 16: then black flight. In the fifties and sixties, industry left

1711
01:20:59,080 --> 01:21:02,600
Speaker 16: the place, and right now it's virtually abandoned over the

1712
01:21:02,600 --> 01:21:06,000
Speaker 16: past forty years, but slowly but surely, like I heard

1713
01:21:06,040 --> 01:21:08,320
Speaker 16: that there's a hotel coming to the beach area and

1714
01:21:08,360 --> 01:21:12,080
Speaker 16: there's an investment in building a new school. So my

1715
01:21:12,200 --> 01:21:14,599
Speaker 16: question is, what do you think about going into an

1716
01:21:14,720 --> 01:21:17,519
Speaker 16: area that is not even quite on the verge of

1717
01:21:17,600 --> 01:21:23,320
Speaker 16: revitalization and buying the block there and maybe networking with

1718
01:21:23,400 --> 01:21:28,000
Speaker 16: other real estate investors who are black and trying to

1719
01:21:28,080 --> 01:21:30,360
Speaker 16: lure people from Chicago who are thirty minutes away. A

1720
01:21:30,400 --> 01:21:32,640
Speaker 16: lot of them left Gary to go to Chicago. What

1721
01:21:32,680 --> 01:21:34,600
Speaker 16: do you think about that as a strategy. Is it

1722
01:21:34,640 --> 01:21:36,760
Speaker 16: really a pipe dream? Should I move forward or should

1723
01:21:36,760 --> 01:21:39,920
Speaker 16: I look for a place that is already gentrifying or

1724
01:21:40,040 --> 01:21:41,120
Speaker 16: revitalizing right now?

1725
01:21:41,640 --> 01:21:45,639
Speaker 5: That's definitely a risk tolerance question, okay, because you don't

1726
01:21:45,680 --> 01:21:46,960
Speaker 5: know how long it's going to take for that to

1727
01:21:47,000 --> 01:21:48,679
Speaker 5: take off. If you can invest in it and hold

1728
01:21:48,720 --> 01:21:50,799
Speaker 5: it long enough where it's not if you got money

1729
01:21:51,200 --> 01:21:52,840
Speaker 5: that's not going to hurt you to invest in the

1730
01:21:52,880 --> 01:21:54,559
Speaker 5: property and just let it sit there. And wait for

1731
01:21:54,640 --> 01:21:58,280
Speaker 5: that to happen. And that's okay. But if you're expecting

1732
01:21:58,520 --> 01:22:01,840
Speaker 5: a quick return on whatever, I would say, go somewhere

1733
01:22:01,880 --> 01:22:03,760
Speaker 5: where the bet is more sure. You know where you

1734
01:22:03,960 --> 01:22:07,519
Speaker 5: where you have a more solid opportunity to get into

1735
01:22:07,600 --> 01:22:09,799
Speaker 5: whatever you're going to do, make some money, and continue

1736
01:22:09,840 --> 01:22:12,760
Speaker 5: to expand. I think that happens a lot of times.

1737
01:22:12,760 --> 01:22:15,840
Speaker 5: People buy properly in the wrong neighborhoods and the values

1738
01:22:15,840 --> 01:22:18,679
Speaker 5: don't appreciate. Sometimes the values are stagnant or even go down,

1739
01:22:19,120 --> 01:22:20,640
Speaker 5: and you end up losing money if you look at

1740
01:22:20,640 --> 01:22:23,000
Speaker 5: inflation and everything else and your cost of like taxes

1741
01:22:23,040 --> 01:22:24,960
Speaker 5: and insurance and all that kind of stuff. So you

1742
01:22:25,040 --> 01:22:28,840
Speaker 5: got to be really really strategic with that. I personally

1743
01:22:28,880 --> 01:22:31,080
Speaker 5: wouldn't suggest it, but if you have the capital to

1744
01:22:31,160 --> 01:22:34,479
Speaker 5: do it, then you know it's it won't hurt try.

1745
01:22:35,320 --> 01:22:40,320
Speaker 3: Thank you so much, appreciate you. I think that's the

1746
01:22:40,400 --> 01:22:42,000
Speaker 3: question a lot of people have, like coming from New

1747
01:22:42,080 --> 01:22:45,280
Speaker 3: York or whatever, it's like la where it's just the

1748
01:22:45,280 --> 01:22:46,920
Speaker 3: real estate is crazy and they want to go to

1749
01:22:47,000 --> 01:22:49,559
Speaker 3: these different towns, but it's like, you don't know anybody.

1750
01:22:49,680 --> 01:22:51,439
Speaker 3: And the reason why I said Cleveland, Ohio, is that

1751
01:22:51,479 --> 01:22:54,080
Speaker 3: we really built a strong relationship with beyond when shout

1752
01:22:54,120 --> 01:22:57,080
Speaker 3: out to him, just a real solid dude, and you

1753
01:22:57,120 --> 01:22:59,960
Speaker 3: know that's somebody that we trust. And it's like, you know,

1754
01:23:00,120 --> 01:23:03,599
Speaker 3: even Maurice Cloret, a good friend of mine who's out

1755
01:23:03,600 --> 01:23:06,040
Speaker 3: in Columbus, Ohio. So you know, I really know like

1756
01:23:06,120 --> 01:23:08,280
Speaker 3: these people are. Actually they live out there. They you know,

1757
01:23:08,400 --> 01:23:11,760
Speaker 3: So I'm not going to go to anybody's turf and

1758
01:23:11,960 --> 01:23:14,840
Speaker 3: try to do the Chrystopher Columbus day. Just take over.

1759
01:23:15,200 --> 01:23:16,880
Speaker 5: And you know what, that is a great point because

1760
01:23:16,920 --> 01:23:19,559
Speaker 5: like those like we're beyond them are there is a

1761
01:23:19,560 --> 01:23:21,880
Speaker 5: strong rental market there and there's not enough housing. So

1762
01:23:22,280 --> 01:23:24,720
Speaker 5: if that's the business case that you're looking at, then

1763
01:23:24,880 --> 01:23:26,680
Speaker 5: still it still makes sense because you can buy the

1764
01:23:26,760 --> 01:23:29,760
Speaker 5: chop the property really really and expensively and still have

1765
01:23:29,840 --> 01:23:32,120
Speaker 5: positive cash flow and make great returns.

1766
01:23:32,120 --> 01:23:35,080
Speaker 2: Really, I'll tell you another great place to find people

1767
01:23:35,120 --> 01:23:38,120
Speaker 2: that are from other places inside the investment group. I'm

1768
01:23:38,120 --> 01:23:40,880
Speaker 2: telling you, like every time that somebody posts like, yo, hey,

1769
01:23:41,040 --> 01:23:43,599
Speaker 2: I live in Houston, is there anybody that is a

1770
01:23:43,640 --> 01:23:45,840
Speaker 2: developer in Houston? It's a great resource. Yo, is there

1771
01:23:45,840 --> 01:23:48,559
Speaker 2: anybody in Cleveland? Every day? I see it like somebody

1772
01:23:48,560 --> 01:23:50,599
Speaker 2: from another part of the country is like, yo, anybody

1773
01:23:50,640 --> 01:23:53,360
Speaker 2: here in this area. It's a great way to network

1774
01:23:53,400 --> 01:23:56,439
Speaker 2: and a great way to resource and come together. Right

1775
01:23:56,439 --> 01:23:58,760
Speaker 2: if I'm not from Gary, I'm guaranteeing out of the

1776
01:23:58,880 --> 01:24:01,880
Speaker 2: five thousand almost six thousand people, somebody knows the area.

1777
01:24:02,080 --> 01:24:04,680
Speaker 3: And Matt Matt was doing, He's gonna bring it back

1778
01:24:04,720 --> 01:24:06,960
Speaker 3: when he was doing the city right each city, so

1779
01:24:07,000 --> 01:24:09,400
Speaker 3: he did, like the real estate updates for the Bay Area,

1780
01:24:09,439 --> 01:24:11,559
Speaker 3: the real estate updates for Houston, and real estate updates

1781
01:24:11,560 --> 01:24:14,360
Speaker 3: for Philly. Those are good resources too because it's like

1782
01:24:14,439 --> 01:24:17,120
Speaker 3: now that's specific for that area. So even if you

1783
01:24:17,160 --> 01:24:20,479
Speaker 3: don't live in Philly, but you're interested in Philadelphia real estate,

1784
01:24:20,800 --> 01:24:22,800
Speaker 3: you can network. It's all about network. And that was

1785
01:24:22,840 --> 01:24:25,120
Speaker 3: my whole point, is that it's just about networking. And

1786
01:24:25,160 --> 01:24:27,320
Speaker 3: I feel like, you know, a lot of times what's

1787
01:24:27,320 --> 01:24:30,000
Speaker 3: stopping us is the relationships. And that's another thing that

1788
01:24:30,040 --> 01:24:32,720
Speaker 3: we built with the university. It's just relationships, but just

1789
01:24:32,760 --> 01:24:34,800
Speaker 3: in general, just in life, like you might have a

1790
01:24:34,800 --> 01:24:36,360
Speaker 3: family member, you may have a cousin, you might have

1791
01:24:36,360 --> 01:24:37,800
Speaker 3: to you know, you never know who you're going to

1792
01:24:37,960 --> 01:24:41,320
Speaker 3: meet and get introduced to. But relationships can take you

1793
01:24:41,360 --> 01:24:43,320
Speaker 3: a long long way. You can have all knowledge in

1794
01:24:43,320 --> 01:24:45,800
Speaker 3: the world, but if you don't have the relationships, you

1795
01:24:45,840 --> 01:24:49,240
Speaker 3: might not be able to execute. So it's relationships that

1796
01:24:49,280 --> 01:24:51,639
Speaker 3: are extremely, extremely important in my opinion.

1797
01:24:52,400 --> 01:24:54,679
Speaker 2: Bianca were coming to you, I'm mute yourself. You've been unmuted.

1798
01:24:54,720 --> 01:24:56,280
Speaker 2: What's up, hi?

1799
01:24:56,400 --> 01:24:57,000
Speaker 15: How you doing?

1800
01:24:57,360 --> 01:24:59,519
Speaker 2: Of how fast y'all was going? Everything's great.

1801
01:25:00,760 --> 01:25:05,759
Speaker 15: I just didn't expect that to happen. So my question

1802
01:25:05,840 --> 01:25:08,559
Speaker 15: is probably very similar to one of the first questions,

1803
01:25:08,600 --> 01:25:09,960
Speaker 15: but I never get to get on, so I'm just

1804
01:25:10,000 --> 01:25:15,120
Speaker 15: going to say it. So just about the opportunity zoned. So,

1805
01:25:15,240 --> 01:25:17,920
Speaker 15: I'm from Augusta, Georgia, and I moved to Minneapolis five

1806
01:25:18,000 --> 01:25:20,439
Speaker 15: years ago, and I noticed North Minneapolis is like one

1807
01:25:20,439 --> 01:25:26,519
Speaker 15: of the most undeveloped, neglected places in Minneapolis. But I

1808
01:25:26,680 --> 01:25:29,400
Speaker 15: just read something today about the city planning to put

1809
01:25:29,400 --> 01:25:33,799
Speaker 15: a concert venue up there. They they're getting like millions

1810
01:25:33,840 --> 01:25:37,439
Speaker 15: of dollars. Would you consider this like a opportunity zone?

1811
01:25:38,479 --> 01:25:42,080
Speaker 5: Well, so, an opportunity zone is actually a government designation

1812
01:25:42,400 --> 01:25:47,240
Speaker 5: for specific neighborhoods that have like specific low income demographic

1813
01:25:48,080 --> 01:25:50,400
Speaker 5: or like then they have like usual issues like food

1814
01:25:50,400 --> 01:25:52,400
Speaker 5: deserts where it's no grocery stores and those types of things,

1815
01:25:52,880 --> 01:25:58,719
Speaker 5: and so those zones were created to kind of pinpoint

1816
01:25:58,760 --> 01:26:02,200
Speaker 5: areas where the government wanted these high networks people or

1817
01:26:02,200 --> 01:26:04,800
Speaker 5: people that have capital gains to invest and park their

1818
01:26:04,840 --> 01:26:08,639
Speaker 5: money for up to ten years in exchange for getting

1819
01:26:09,040 --> 01:26:13,439
Speaker 5: a tax abatement basically a tax deferment, and like whatever

1820
01:26:13,760 --> 01:26:18,439
Speaker 5: whatever they buy over the ten years, they actually can

1821
01:26:20,040 --> 01:26:21,599
Speaker 5: sell it at the end and not pay any taxes

1822
01:26:21,600 --> 01:26:24,680
Speaker 5: on that at all. So I'm not sure if that

1823
01:26:24,760 --> 01:26:27,200
Speaker 5: you'd have to. You can really just google opportunities on

1824
01:26:27,320 --> 01:26:29,120
Speaker 5: map and it'll tell you if that area is an

1825
01:26:29,120 --> 01:26:32,479
Speaker 5: opportunity zone or not, and then it sounds like something

1826
01:26:32,520 --> 01:26:34,360
Speaker 5: that that may be a catalyst for other development to

1827
01:26:34,360 --> 01:26:36,880
Speaker 5: come around it. So I would definitely I would stay

1828
01:26:36,920 --> 01:26:39,200
Speaker 5: tuned to see what's going on. If you know any

1829
01:26:39,200 --> 01:26:41,559
Speaker 5: realtors anybody that may be in that that may know

1830
01:26:41,640 --> 01:26:43,760
Speaker 5: that market, I would say you suggest you talk to

1831
01:26:43,800 --> 01:26:46,400
Speaker 5: them to see if they know of any realtors that

1832
01:26:46,479 --> 01:26:50,559
Speaker 5: represent builders in new construction that because if those builders

1833
01:26:50,560 --> 01:26:51,920
Speaker 5: are looking at that area, and that tells you that

1834
01:26:51,960 --> 01:26:53,320
Speaker 5: things are about to pick up.

1835
01:26:53,800 --> 01:26:57,040
Speaker 3: Okay, thank you, Yeah, you know what I just thought

1836
01:26:57,040 --> 01:27:01,439
Speaker 3: about something we're going to do in it hopefully you

1837
01:27:01,520 --> 01:27:06,320
Speaker 3: can help us out with this. We have almost four

1838
01:27:06,320 --> 01:27:09,719
Speaker 3: thousand members in our in our private our private investment

1839
01:27:09,760 --> 01:27:13,720
Speaker 3: group on Facebook, so we should we could. We can

1840
01:27:13,760 --> 01:27:17,840
Speaker 3: set up geographical groups, like we can have a New

1841
01:27:17,920 --> 01:27:19,439
Speaker 3: York group, we can have an l A group, we

1842
01:27:19,439 --> 01:27:21,479
Speaker 3: can have affiliate like. That means, so that way people

1843
01:27:22,520 --> 01:27:26,160
Speaker 3: can they can identify themselves by like where they actually live.

1844
01:27:26,600 --> 01:27:28,479
Speaker 3: And like I said, even if you don't live So

1845
01:27:28,640 --> 01:27:30,479
Speaker 3: even if you live in New York, but you might

1846
01:27:30,520 --> 01:27:33,679
Speaker 3: be interested in Houston real estate. If there's three hundred

1847
01:27:33,680 --> 01:27:36,479
Speaker 3: people from Houston in a Houston group, now you can

1848
01:27:36,520 --> 01:27:38,479
Speaker 3: network with them, and that gives you three hundred people

1849
01:27:38,479 --> 01:27:40,960
Speaker 3: that you can actually, you know, reach out to and

1850
01:27:41,000 --> 01:27:45,120
Speaker 3: build with. So we're gonna get that done. Thank you.

1851
01:27:46,640 --> 01:27:49,879
Speaker 2: I guarantee seven o'clock. I'm gonna have fourteen text mess

1852
01:27:50,200 --> 01:27:56,400
Speaker 2: Shy said. He said, I appreciate that. Ah man, Let's

1853
01:27:56,400 --> 01:27:58,160
Speaker 2: go to a new name. Oh, Whitney, I haven't seen

1854
01:27:58,200 --> 01:28:00,120
Speaker 2: this thing before. Whitney, what's going on? Mute self? You

1855
01:28:00,200 --> 01:28:00,759
Speaker 2: been unmuted?

1856
01:28:01,360 --> 01:28:04,400
Speaker 6: Hey, guys, thanks for this awesome information.

1857
01:28:04,439 --> 01:28:07,080
Speaker 17: I appreciate I appreciate everything that eyl is bringing to

1858
01:28:07,120 --> 01:28:07,840
Speaker 17: the table.

1859
01:28:07,600 --> 01:28:08,759
Speaker 6: And I'm a newbie.

1860
01:28:08,760 --> 01:28:10,880
Speaker 17: I've only been a member of about a month or so,

1861
01:28:11,640 --> 01:28:14,920
Speaker 17: but I'm really happy to be appreciate that, bro.

1862
01:28:15,720 --> 01:28:16,880
Speaker 6: I got a message for Chris.

1863
01:28:17,920 --> 01:28:22,160
Speaker 17: I serve on the political side and the community side

1864
01:28:22,680 --> 01:28:28,280
Speaker 17: for a lot of housing agencies or community redevelopment boards

1865
01:28:28,280 --> 01:28:31,160
Speaker 17: and economic development boards. And I do that, as I said,

1866
01:28:31,200 --> 01:28:34,640
Speaker 17: and I actually put my question in the thing just

1867
01:28:34,680 --> 01:28:36,160
Speaker 17: so I can be at the table and hear about

1868
01:28:36,240 --> 01:28:38,800
Speaker 17: deals that are coming down and actually bring it.

1869
01:28:38,760 --> 01:28:39,760
Speaker 6: Back to our community.

1870
01:28:40,439 --> 01:28:42,559
Speaker 17: But I get a lot of pushback from our community

1871
01:28:42,600 --> 01:28:46,720
Speaker 17: because mostly I think because they just they see that

1872
01:28:46,760 --> 01:28:50,120
Speaker 17: their communities are being changed and they feel helpless to

1873
01:28:50,120 --> 01:28:53,759
Speaker 17: get involved or helpless to do anything about it because

1874
01:28:53,800 --> 01:28:56,880
Speaker 17: they don't have the financial wherewithal to do anything. What

1875
01:28:57,920 --> 01:29:00,360
Speaker 17: are some strategies that you've used or that you seen

1876
01:29:00,400 --> 01:29:04,360
Speaker 17: yous that actually help to engage local communities, particularly our

1877
01:29:04,360 --> 01:29:08,160
Speaker 17: community black people and bring them along through this process.

1878
01:29:08,760 --> 01:29:12,240
Speaker 5: Man, you know, it's tough. I mean, I thankfully the

1879
01:29:12,240 --> 01:29:14,360
Speaker 5: projects that I have they kind of see something different

1880
01:29:14,400 --> 01:29:17,200
Speaker 5: and they see that I'm not displacing people. But for

1881
01:29:17,240 --> 01:29:20,400
Speaker 5: the for the a lot of times, people are just

1882
01:29:20,680 --> 01:29:25,080
Speaker 5: adverse to change, right, So I think the best thing

1883
01:29:25,120 --> 01:29:28,360
Speaker 5: that you could do probably would be to bring in

1884
01:29:28,400 --> 01:29:31,680
Speaker 5: a group of investors, if you know, a group of

1885
01:29:31,680 --> 01:29:35,280
Speaker 5: investors or developers that may be of the right mindset,

1886
01:29:35,280 --> 01:29:37,559
Speaker 5: and have them come and talk to the community. And

1887
01:29:38,080 --> 01:29:40,559
Speaker 5: you know, if you if you know where the projects

1888
01:29:40,560 --> 01:29:43,080
Speaker 5: are going and you know what's coming, put put that

1889
01:29:43,120 --> 01:29:45,800
Speaker 5: group in front of the projects and let them, you know,

1890
01:29:46,800 --> 01:29:49,400
Speaker 5: interface with the community, kind of bring some of the

1891
01:29:49,680 --> 01:29:52,320
Speaker 5: amenities and services the community may be looking for, or

1892
01:29:52,360 --> 01:29:54,080
Speaker 5: explain to them why it's not the right time for

1893
01:29:54,120 --> 01:29:56,680
Speaker 5: certain things. Like you know, a lot of the communities,

1894
01:29:56,720 --> 01:29:59,559
Speaker 5: like like I said, they will want the grocery store now,

1895
01:29:59,600 --> 01:30:01,320
Speaker 5: and they'll want this and that now, but they don't

1896
01:30:01,360 --> 01:30:03,400
Speaker 5: want the new housing, you know, and you have to

1897
01:30:03,400 --> 01:30:04,920
Speaker 5: explain to them, well, this is why you need that.

1898
01:30:04,960 --> 01:30:07,360
Speaker 5: This is why you need some people that look like

1899
01:30:07,360 --> 01:30:09,360
Speaker 5: you in the community that earn more money so that

1900
01:30:09,479 --> 01:30:11,680
Speaker 5: it can be attractive for Starbucks or it can be

1901
01:30:11,720 --> 01:30:14,439
Speaker 5: attractive for the grocery store to come back. So a

1902
01:30:14,439 --> 01:30:17,680
Speaker 5: lot of it's just open communication, but there is no

1903
01:30:17,720 --> 01:30:18,519
Speaker 5: cookie cutter answer.

1904
01:30:18,560 --> 01:30:18,680
Speaker 6: Man.

1905
01:30:18,720 --> 01:30:21,599
Speaker 5: You're never going to get everybody on board, unfortunately, But

1906
01:30:21,720 --> 01:30:23,600
Speaker 5: I mean, you know, you can kind of turn the

1907
01:30:23,600 --> 01:30:25,320
Speaker 5: tide a little bit by doing some of those things.

1908
01:30:25,640 --> 01:30:27,960
Speaker 6: True, true, I appreciate that. Guys, thank you very much.

1909
01:30:28,120 --> 01:30:33,679
Speaker 2: We appreciate you. Oh, here we go, my guys here

1910
01:30:34,720 --> 01:30:39,200
Speaker 2: Author Paul Rose King, Arthur, you've been unmuted. Peace peace,

1911
01:30:39,240 --> 01:30:40,920
Speaker 2: what's good fellas? What's going on?

1912
01:30:40,960 --> 01:30:43,360
Speaker 5: Bro? Slow motion? How y'a doing?

1913
01:30:43,640 --> 01:30:48,000
Speaker 2: Yeah? We're good man, no doubt A. Chris Man definitely

1914
01:30:48,080 --> 01:30:48,679
Speaker 2: a big fan.

1915
01:30:49,000 --> 01:30:52,639
Speaker 18: I'm actually an investor in the in the Lions Avenue project.

1916
01:30:52,920 --> 01:30:54,960
Speaker 5: Love it. I love it. Yeah.

1917
01:30:55,120 --> 01:30:58,080
Speaker 18: When I actually right right before right as COVID hit

1918
01:30:58,160 --> 01:31:01,120
Speaker 18: I got, I got into the project and I joined EYL.

1919
01:31:01,280 --> 01:31:02,960
Speaker 18: That was kind of how I split the bread up

1920
01:31:03,000 --> 01:31:10,040
Speaker 18: for it solders. Definitely looking forward. Definitely a big fan.

1921
01:31:10,120 --> 01:31:12,800
Speaker 18: Been following the mod project as well. Congrats on that.

1922
01:31:15,479 --> 01:31:19,800
Speaker 18: As we talk about building the community. One of the

1923
01:31:20,360 --> 01:31:23,519
Speaker 18: things that you mentioned, uh, with the with the project

1924
01:31:23,520 --> 01:31:25,439
Speaker 18: that you said, you know, most none of those houses

1925
01:31:25,439 --> 01:31:27,720
Speaker 18: were like Section eight houses and stuff like that. Those

1926
01:31:27,760 --> 01:31:31,960
Speaker 18: are all pretty much working class individuals. That being said,

1927
01:31:33,120 --> 01:31:36,960
Speaker 18: Section eight is like one of the largest subsidies our

1928
01:31:36,960 --> 01:31:40,840
Speaker 18: community gets, Like literally it's about eight billion dollars a year,

1929
01:31:41,200 --> 01:31:44,519
Speaker 18: and the majority of that money goes to black women

1930
01:31:44,600 --> 01:31:47,080
Speaker 18: as we know who are generally that had a household

1931
01:31:47,120 --> 01:31:51,719
Speaker 18: for those communities, And so as you're building your plans

1932
01:31:51,840 --> 01:31:53,880
Speaker 18: and as you know, you speak on others and how

1933
01:31:53,920 --> 01:31:57,840
Speaker 18: they should expand how do you view or what ways

1934
01:31:57,880 --> 01:32:00,320
Speaker 18: do you think that we have to actually include that

1935
01:32:00,439 --> 01:32:04,439
Speaker 18: so we don't walk away literally from eight billion dollars

1936
01:32:04,439 --> 01:32:07,800
Speaker 18: a year that now is going to other people who

1937
01:32:07,800 --> 01:32:10,559
Speaker 18: own that affordable housing to a certain degree, because our

1938
01:32:10,680 --> 01:32:15,320
Speaker 18: own people are scared or don't want to deal with

1939
01:32:15,400 --> 01:32:16,639
Speaker 18: those Section eight housing.

1940
01:32:17,960 --> 01:32:20,120
Speaker 5: Yeah. So yeah, let me point out the reason why

1941
01:32:20,360 --> 01:32:23,519
Speaker 5: I pointed that out earlier is for the opposite reason, right,

1942
01:32:23,520 --> 01:32:26,320
Speaker 5: because we all we automatically assume everybody in these neighborhoods

1943
01:32:26,400 --> 01:32:29,960
Speaker 5: is all strictly on government assistance. But there are some

1944
01:32:30,000 --> 01:32:34,280
Speaker 5: people that are just hardworking that you know, all fixed incomes. Now,

1945
01:32:34,439 --> 01:32:37,160
Speaker 5: as far as the you know, the single women especially

1946
01:32:37,240 --> 01:32:40,960
Speaker 5: or anybody that's on Section eight, I think that with

1947
01:32:41,040 --> 01:32:43,720
Speaker 5: the right landlords in place, and I think it can

1948
01:32:43,760 --> 01:32:46,360
Speaker 5: actually be a better system because you know, if we

1949
01:32:46,400 --> 01:32:48,400
Speaker 5: are the ones controlling the real estate and own the

1950
01:32:48,400 --> 01:32:50,639
Speaker 5: real estate, and those are our tenants, then we'll probably

1951
01:32:50,680 --> 01:32:53,200
Speaker 5: look out for them a little bit more than somebody else.

1952
01:32:53,240 --> 01:32:55,600
Speaker 5: That's you know, living across the country or living in

1953
01:32:55,880 --> 01:32:59,000
Speaker 5: another neighborhood that doesn't really care about the community. But

1954
01:32:59,080 --> 01:33:02,479
Speaker 5: most importantly, when you talk about a way to leverage

1955
01:33:02,479 --> 01:33:05,800
Speaker 5: home ownership that we don't really talk about those those

1956
01:33:05,880 --> 01:33:08,880
Speaker 5: vouchers can be used for mortgage payments just like they

1957
01:33:08,880 --> 01:33:12,240
Speaker 5: can be used for regularly. So educating more of the

1958
01:33:12,280 --> 01:33:14,599
Speaker 5: people in our community about how to get their credit

1959
01:33:14,600 --> 01:33:17,799
Speaker 5: together to get into a first time home buyers program

1960
01:33:17,880 --> 01:33:21,439
Speaker 5: and get a down payment assistance grant and then convert

1961
01:33:21,479 --> 01:33:23,920
Speaker 5: that same voucher over to something that can help pay

1962
01:33:23,960 --> 01:33:25,800
Speaker 5: the mortgage, we can create more home ownership in the

1963
01:33:25,800 --> 01:33:27,599
Speaker 5: community using that same tool.

1964
01:33:28,439 --> 01:33:31,360
Speaker 18: So so so in a way, for those who are

1965
01:33:31,360 --> 01:33:34,879
Speaker 18: looking how to replicate what you're doing on the smaller scale,

1966
01:33:35,320 --> 01:33:37,800
Speaker 18: one of the things they can do is look to

1967
01:33:37,880 --> 01:33:41,480
Speaker 18: take advantage of those government programs in using.

1968
01:33:41,240 --> 01:33:43,559
Speaker 5: Their own home buying i e.

1969
01:33:43,680 --> 01:33:48,559
Speaker 18: Matt's Home Biased home Buyers or you know, using those

1970
01:33:48,600 --> 01:33:51,360
Speaker 18: types of things in their own personal lives to kind

1971
01:33:51,360 --> 01:33:53,400
Speaker 18: of replicate on a micro scale what you're doing at

1972
01:33:53,439 --> 01:33:54,240
Speaker 18: the macro level.

1973
01:33:54,520 --> 01:33:57,040
Speaker 5: Definitely, definitely, and that's actually a way for people that

1974
01:33:57,120 --> 01:33:59,120
Speaker 5: have existing rental portfolios if they want to get out

1975
01:33:59,120 --> 01:34:00,720
Speaker 5: of them. A lot of people are converted over to

1976
01:34:00,800 --> 01:34:04,479
Speaker 5: owner finance, so so basically the same tenants stays in

1977
01:34:04,520 --> 01:34:07,599
Speaker 5: the property, but now they're they are buying the property,

1978
01:34:07,640 --> 01:34:09,719
Speaker 5: so now they're responsible for the insurance and the taxes

1979
01:34:10,160 --> 01:34:11,599
Speaker 5: and all those things. So if you have a Section

1980
01:34:11,680 --> 01:34:13,479
Speaker 5: eight tenant and it's a house that you don't want

1981
01:34:13,479 --> 01:34:14,960
Speaker 5: to get, you know, you may not want to keep

1982
01:34:14,960 --> 01:34:18,200
Speaker 5: in your portfolio, you could actually sell it to them. Yeah,

1983
01:34:18,200 --> 01:34:19,800
Speaker 5: and create a homeowner out of one of your tenants,

1984
01:34:19,840 --> 01:34:21,479
Speaker 5: especially they've been loyal, long term tenants.

1985
01:34:21,479 --> 01:34:21,640
Speaker 2: You know.

1986
01:34:22,680 --> 01:34:25,519
Speaker 5: It's it's it's a million ways to uh to make

1987
01:34:25,560 --> 01:34:29,160
Speaker 5: that program benefit us more. I appreciate it, brother.

1988
01:34:29,000 --> 01:34:31,280
Speaker 3: Thank you author. On one last I just want to

1989
01:34:31,280 --> 01:34:32,960
Speaker 3: ask you a question because you're one of our most

1990
01:34:33,000 --> 01:34:37,320
Speaker 3: prestigious students at euy L University and you always tap

1991
01:34:37,400 --> 01:34:40,200
Speaker 3: into every single thing we got going. Uh, how how

1992
01:34:40,240 --> 01:34:42,479
Speaker 3: has your experience been with Eyo University.

1993
01:34:43,040 --> 01:34:45,920
Speaker 18: It's been It's been fabulous, man, it's been fabulous. I listen,

1994
01:34:46,000 --> 01:34:49,200
Speaker 18: I went to a prestigious all boys prep school in

1995
01:34:49,280 --> 01:34:53,280
Speaker 18: high school, Old Farms, I could have went to all

1996
01:34:53,400 --> 01:34:55,280
Speaker 18: most of them in the ivy leagues, I end up

1997
01:34:55,280 --> 01:34:57,200
Speaker 18: going to George Washington University.

1998
01:34:58,479 --> 01:34:59,920
Speaker 3: That's very prestigious school.

1999
01:35:00,040 --> 01:35:01,559
Speaker 5: Absolutely, you know what I mean.

2000
01:35:02,040 --> 01:35:05,760
Speaker 18: However, in terms of the actual practical knowledge that I

2001
01:35:05,880 --> 01:35:08,880
Speaker 18: learned outside of me just working and doing the things

2002
01:35:08,880 --> 01:35:11,040
Speaker 18: that I did in my career, I would say this

2003
01:35:11,080 --> 01:35:15,439
Speaker 18: has definitely been one of the most comprehensive UH education

2004
01:35:15,680 --> 01:35:17,559
Speaker 18: platforms that I've ever been a part of.

2005
01:35:17,800 --> 01:35:18,400
Speaker 5: You know what I mean.

2006
01:35:18,479 --> 01:35:20,519
Speaker 18: You guys brought me to Chris, you guys brought me

2007
01:35:20,560 --> 01:35:23,559
Speaker 18: to matt Uh. You brought me to Beyond, you know

2008
01:35:23,600 --> 01:35:27,560
Speaker 18: what I mean. And so in terms of actually executing

2009
01:35:27,680 --> 01:35:31,400
Speaker 18: and getting things done, there's there's there's nothing better, you

2010
01:35:31,439 --> 01:35:33,200
Speaker 18: know what I mean. I was an econ major, I

2011
01:35:33,240 --> 01:35:36,160
Speaker 18: was a finance major, all of that stuff, and it

2012
01:35:36,200 --> 01:35:40,080
Speaker 18: doesn't come close to the practical knowledge all of that stuff.

2013
01:35:39,800 --> 01:35:41,320
Speaker 5: That they're gonna teach you in the schools. You can go

2014
01:35:41,320 --> 01:35:41,880
Speaker 5: google that.

2015
01:35:42,439 --> 01:35:45,680
Speaker 18: But this, now, this, get it done, this, this, this, this,

2016
01:35:45,840 --> 01:35:48,919
Speaker 18: uh you know, get to sell of financing and transfer

2017
01:35:49,000 --> 01:35:52,559
Speaker 18: that into into a private investment for the IRA and

2018
01:35:52,600 --> 01:35:53,439
Speaker 18: then transfer that.

2019
01:35:54,800 --> 01:35:55,919
Speaker 5: And getting it done.

2020
01:35:56,600 --> 01:35:59,080
Speaker 18: They're not gonna teach you that at Harvard and nowhere

2021
01:35:59,080 --> 01:36:02,360
Speaker 18: else of it. They're gonna teach you the exact opposite

2022
01:36:02,360 --> 01:36:04,200
Speaker 18: of what Chris is teaching. They're gonna teach you how

2023
01:36:04,200 --> 01:36:07,000
Speaker 18: to ultimately rape your community. Chris is gonna teach you

2024
01:36:07,040 --> 01:36:08,920
Speaker 18: how to get it done and get the bag. So

2025
01:36:09,240 --> 01:36:12,360
Speaker 18: I appreciate you fellas for it. I always participate. I'll

2026
01:36:12,360 --> 01:36:15,240
Speaker 18: always be highly and you know, I appreciate you guys

2027
01:36:15,280 --> 01:36:16,080
Speaker 18: for always letting me.

2028
01:36:16,080 --> 01:36:20,639
Speaker 2: Rock, appreciating author, appreciate that most prestigious.

2029
01:36:20,760 --> 01:36:24,360
Speaker 3: Often man's extremely extremely intelligent. God Man Market used to

2030
01:36:24,360 --> 01:36:25,639
Speaker 3: be a market maker on Wall Street.

2031
01:36:27,240 --> 01:36:30,240
Speaker 2: That's our guy. This is another one of our of

2032
01:36:30,280 --> 01:36:32,639
Speaker 2: our dudes. Man Park, what's going on? I'm mute yourself.

2033
01:36:33,479 --> 01:36:35,639
Speaker 2: What's going on Sunday?

2034
01:36:35,680 --> 01:36:39,120
Speaker 5: Bro Man, I was struggling with.

2035
01:36:40,640 --> 01:36:44,200
Speaker 19: Now No, I'm making sure I'm coming back out like

2036
01:36:44,200 --> 01:36:50,960
Speaker 19: I ain't never missed another episode ever. Yeah, no, thanks

2037
01:36:50,960 --> 01:36:53,920
Speaker 19: for all the information, Chris. I just had just one,

2038
01:36:54,240 --> 01:36:58,599
Speaker 19: you know, short question. Throughout the whole process that you've done,

2039
01:36:58,840 --> 01:37:01,880
Speaker 19: what would you think is like the hardest step that

2040
01:37:01,920 --> 01:37:04,200
Speaker 19: you had to take, like before you got to where.

2041
01:37:04,040 --> 01:37:04,760
Speaker 3: You're at right now?

2042
01:37:05,960 --> 01:37:08,840
Speaker 5: Man, I would say every every step has its own challenges.

2043
01:37:10,840 --> 01:37:14,600
Speaker 5: I would say the most the most difficult things I

2044
01:37:14,600 --> 01:37:17,679
Speaker 5: had going was when I was trying to figure things

2045
01:37:17,680 --> 01:37:19,720
Speaker 5: out on my own and not find somebody that was

2046
01:37:19,760 --> 01:37:21,519
Speaker 5: an expert at what I was trying to get done

2047
01:37:21,520 --> 01:37:23,880
Speaker 5: and putting them in place to do something to help

2048
01:37:23,920 --> 01:37:27,320
Speaker 5: me out. So, I mean, that's really been the biggest thing, man.

2049
01:37:28,000 --> 01:37:30,680
Speaker 5: I would say with the new construction project, like the

2050
01:37:30,760 --> 01:37:35,400
Speaker 5: roadblock with the infrastructure was pretty tough, and having to

2051
01:37:35,479 --> 01:37:37,519
Speaker 5: negotiate with the city to figure out, you know, a

2052
01:37:37,560 --> 01:37:41,760
Speaker 5: solution for that. And let me think on the on

2053
01:37:41,800 --> 01:37:43,720
Speaker 5: the crowdfund side, I think that the hardest part was

2054
01:37:43,800 --> 01:37:45,559
Speaker 5: getting the deal done on the front and just negotiating

2055
01:37:45,600 --> 01:37:48,240
Speaker 5: with the sellers and making them understand, you know, why

2056
01:37:48,240 --> 01:37:49,920
Speaker 5: I needed them to come down on price and why

2057
01:37:49,960 --> 01:37:52,880
Speaker 5: I needed them to sell their finance to me. But yeah,

2058
01:37:52,920 --> 01:37:55,160
Speaker 5: I mean every everything, every deal you do, you're gonna

2059
01:37:55,160 --> 01:37:58,240
Speaker 5: have a different challenge, So just be prepared for that.

2060
01:37:59,080 --> 01:37:59,920
Speaker 2: Appreciate your pop.

2061
01:38:00,040 --> 01:38:02,160
Speaker 3: Shout out Chicago man, Chris, can we get like ten

2062
01:38:02,200 --> 01:38:03,559
Speaker 3: more minutes of your time? Yeah?

2063
01:38:03,640 --> 01:38:04,240
Speaker 5: Yeah.

2064
01:38:04,640 --> 01:38:08,880
Speaker 3: Somebody on YouTube shot Yes to real Estate. They sent

2065
01:38:08,960 --> 01:38:12,519
Speaker 3: a couple of days. You read that message, No, I know,

2066
01:38:12,600 --> 01:38:16,439
Speaker 3: Andre Yes, Okay, okay, yes, it is Andre, Yes to

2067
01:38:16,479 --> 01:38:21,000
Speaker 3: real Estate. We're breaking ground on our four townhousing fifth

2068
01:38:21,040 --> 01:38:23,120
Speaker 3: Ward two months with three blocks from you.

2069
01:38:23,360 --> 01:38:25,439
Speaker 5: So yeah, yeah, you're taking over the whole.

2070
01:38:25,479 --> 01:38:26,719
Speaker 2: That's taking over the whole neighborhood.

2071
01:38:26,720 --> 01:38:28,560
Speaker 5: I love it and I love it definitely, definitely.

2072
01:38:28,720 --> 01:38:30,360
Speaker 2: Well, listen, what's going on? You've been unmuted?

2073
01:38:30,960 --> 01:38:31,120
Speaker 3: Hi?

2074
01:38:31,200 --> 01:38:32,040
Speaker 20: How are you guys?

2075
01:38:32,400 --> 01:38:33,400
Speaker 2: Everything's good.

2076
01:38:33,920 --> 01:38:36,880
Speaker 20: Thank you so much for having this open forum. Has

2077
01:38:36,960 --> 01:38:38,840
Speaker 20: been very informative. I got on a.

2078
01:38:38,800 --> 01:38:41,000
Speaker 6: Little late, but I will rewatch.

2079
01:38:41,720 --> 01:38:46,719
Speaker 20: I did want to ask Christopher a question about buying

2080
01:38:46,800 --> 01:38:49,800
Speaker 20: back Harlem and what do you suggest. I'm born and

2081
01:38:49,880 --> 01:38:52,960
Speaker 20: raised here. I've been approached with a lot of negativity

2082
01:38:53,040 --> 01:38:56,040
Speaker 20: and charm in terms of trying to open up a business. However,

2083
01:38:56,040 --> 01:38:58,840
Speaker 20: a lot of businesses have closed due to COVID, and

2084
01:38:58,880 --> 01:39:00,600
Speaker 20: I just kind of wanted to know a way on

2085
01:39:00,680 --> 01:39:01,479
Speaker 20: how to approach that.

2086
01:39:02,960 --> 01:39:06,280
Speaker 5: Wow, that's a very There's a lot of variables in

2087
01:39:06,280 --> 01:39:09,799
Speaker 5: that equation, right, because, number one, the type of business

2088
01:39:09,800 --> 01:39:13,160
Speaker 5: you're gonna want to start. You know, when you see

2089
01:39:13,160 --> 01:39:15,240
Speaker 5: a bunch of businesses closing, don't think it's for no reason.

2090
01:39:15,240 --> 01:39:18,479
Speaker 5: You know they're closing because they tried to stay open

2091
01:39:18,520 --> 01:39:21,559
Speaker 5: and they couldn't. Now, I mean, of course, that is

2092
01:39:21,600 --> 01:39:23,880
Speaker 5: going to open a new way of opportunity on the backside.

2093
01:39:25,439 --> 01:39:28,880
Speaker 5: But I'm not really familiar with the Harlem market or

2094
01:39:28,920 --> 01:39:31,040
Speaker 5: like the price points there, so I wouldn't want to

2095
01:39:31,080 --> 01:39:34,479
Speaker 5: give you any bad advice. It's not cut her blanket

2096
01:39:34,479 --> 01:39:41,880
Speaker 5: across the board, so I would say, maybe do what

2097
01:39:41,920 --> 01:39:44,519
Speaker 5: I would do in any situation is find local experts

2098
01:39:44,560 --> 01:39:48,240
Speaker 5: that are doing what you're trying to do. Maybe talk

2099
01:39:48,280 --> 01:39:53,599
Speaker 5: to a commercial broker that has clients that have bought

2100
01:39:53,640 --> 01:39:57,320
Speaker 5: businesses or rented spaces to start businesses and have closed

2101
01:39:57,360 --> 01:40:01,000
Speaker 5: those businesses and find out what challenges their clients had

2102
01:40:01,520 --> 01:40:03,519
Speaker 5: and then figure out, you know, your next move. So

2103
01:40:04,000 --> 01:40:06,360
Speaker 5: uh yeah, don't don't go into it blindly, don't don't

2104
01:40:06,360 --> 01:40:08,439
Speaker 5: go into it trying to figure it out your own

2105
01:40:08,439 --> 01:40:08,760
Speaker 5: for sure.

2106
01:40:09,120 --> 01:40:10,600
Speaker 3: I'm gonna be honest. And it's like, you know, we

2107
01:40:10,680 --> 01:40:12,080
Speaker 3: live in New York. We've been in New York our

2108
01:40:12,200 --> 01:40:14,639
Speaker 3: entire lives. Our whole family has been in New York

2109
01:40:14,680 --> 01:40:17,880
Speaker 3: their entire lives pretty much. And you know, I was

2110
01:40:17,920 --> 01:40:21,439
Speaker 3: always really pro New York. I still am, you know, York,

2111
01:40:22,360 --> 01:40:25,960
Speaker 3: but the more I travel, I've been traveling a lot lately, and.

2112
01:40:28,160 --> 01:40:30,760
Speaker 2: Don't do it. Don't do it, don't do it, don't

2113
01:40:30,760 --> 01:40:31,760
Speaker 2: do it. I ain't gonna let do it.

2114
01:40:31,760 --> 01:40:33,960
Speaker 3: Don't do it now. The one thing that Donald Trump

2115
01:40:34,000 --> 01:40:35,680
Speaker 3: said is like, I don't know if the city's ever

2116
01:40:35,680 --> 01:40:38,680
Speaker 3: really gonna fully recover. And it's so much regulation, it's

2117
01:40:38,720 --> 01:40:41,440
Speaker 3: so much red tape, it's so much hassle. The prices

2118
01:40:41,640 --> 01:40:44,759
Speaker 3: are through the roof in every neighborhood. It's just really,

2119
01:40:44,800 --> 01:40:47,759
Speaker 3: you know, for me, I'm like, you go to places

2120
01:40:47,800 --> 01:40:52,840
Speaker 3: like Atlanta, you just travel around and it's I don't know, man,

2121
01:40:52,960 --> 01:40:58,920
Speaker 3: New York City is it's vastly becoming overrated. It hurts

2122
01:40:58,960 --> 01:41:00,880
Speaker 3: my heart to say that, really hurts my heart to

2123
01:41:00,920 --> 01:41:03,559
Speaker 3: say that. But it's it's it's I think it's I

2124
01:41:03,560 --> 01:41:04,200
Speaker 3: think it's true.

2125
01:41:05,120 --> 01:41:08,160
Speaker 2: I appreciate that you said that. It's it's it's it's

2126
01:41:08,240 --> 01:41:11,240
Speaker 2: challenging times for our city, man. But hopefully we'll we're

2127
01:41:11,280 --> 01:41:17,120
Speaker 2: covering hopefully. Maybe not. I'm just I'm just optimistic. I

2128
01:41:17,160 --> 01:41:18,400
Speaker 2: wouln't be optimistic about it.

2129
01:41:19,040 --> 01:41:24,920
Speaker 3: Uh, head to Atlanta.

2130
01:41:23,280 --> 01:41:26,479
Speaker 2: Jerome, Jerome, I mute yourself. You've been unmuted. What's going on?

2131
01:41:28,200 --> 01:41:28,360
Speaker 5: Yo?

2132
01:41:28,439 --> 01:41:28,760
Speaker 12: What up?

2133
01:41:28,800 --> 01:41:29,559
Speaker 5: What up? What up?

2134
01:41:29,600 --> 01:41:29,800
Speaker 13: Man?

2135
01:41:29,960 --> 01:41:30,639
Speaker 2: What's going on?

2136
01:41:32,280 --> 01:41:34,559
Speaker 14: I guess my question is branched off of some of

2137
01:41:34,560 --> 01:41:38,000
Speaker 14: the things that have been answered already. But Chris you

2138
01:41:38,080 --> 01:41:41,960
Speaker 14: talked about earlier in your slides. Well, first of all,

2139
01:41:42,040 --> 01:41:44,200
Speaker 14: you know, buying back the block you always when you

2140
01:41:44,240 --> 01:41:48,280
Speaker 14: come from you know, lower income black neighborhoods, that's always

2141
01:41:48,280 --> 01:41:50,320
Speaker 14: the dream you and your homeboys like, Yo, you know

2142
01:41:50,320 --> 01:41:51,800
Speaker 14: what I mean, I'm a buy back to block on

2143
01:41:51,880 --> 01:41:55,040
Speaker 14: by this. Well, I guess in my case, I got

2144
01:41:55,080 --> 01:41:56,520
Speaker 14: I got some of my homeboys.

2145
01:41:56,840 --> 01:41:59,759
Speaker 21: We all kind of got a financial background of some sorts.

2146
01:42:00,560 --> 01:42:01,479
Speaker 5: But we're new to this.

2147
01:42:01,600 --> 01:42:04,360
Speaker 14: And I know you said that don't all come in

2148
01:42:04,520 --> 01:42:07,720
Speaker 14: as rookies as novice. So I guess my question is

2149
01:42:08,240 --> 01:42:11,679
Speaker 14: where would you start to find someone who understands these

2150
01:42:11,680 --> 01:42:13,599
Speaker 14: contracts where you like, yo, you know what I mean,

2151
01:42:13,640 --> 01:42:16,600
Speaker 14: I'm a I'm a put down this amount, but you

2152
01:42:16,600 --> 01:42:19,200
Speaker 14: can become a partner or you know, like I'm a

2153
01:42:19,400 --> 01:42:20,320
Speaker 14: seller finance.

2154
01:42:20,360 --> 01:42:23,360
Speaker 21: So how do I find outside of just networking?

2155
01:42:23,439 --> 01:42:26,920
Speaker 14: Because I know Troy and Rashada was like they found

2156
01:42:27,000 --> 01:42:29,200
Speaker 14: somebody in Cleveland that they can trust.

2157
01:42:29,479 --> 01:42:31,400
Speaker 21: So one is trust and two.

2158
01:42:31,280 --> 01:42:32,160
Speaker 5: Do you go look?

2159
01:42:32,360 --> 01:42:34,439
Speaker 14: I mean, do you look for a professional? I guess

2160
01:42:34,479 --> 01:42:36,880
Speaker 14: this is a big question, but do you look for

2161
01:42:36,920 --> 01:42:39,120
Speaker 14: a professional? How do you find somebody to join your

2162
01:42:39,160 --> 01:42:42,479
Speaker 14: group that not only you trust, but has that knowledge

2163
01:42:42,479 --> 01:42:45,639
Speaker 14: of not just book knowledge, but knowledge. Just say, all right,

2164
01:42:45,680 --> 01:42:48,920
Speaker 14: when this happens, this, you know this, this like that's

2165
01:42:48,960 --> 01:42:50,720
Speaker 14: I guess that's my question, if that makes any sense.

2166
01:42:50,720 --> 01:42:52,520
Speaker 5: So where are you located?

2167
01:42:53,439 --> 01:42:55,400
Speaker 21: So I'm located in Virginia right now.

2168
01:42:55,400 --> 01:42:59,559
Speaker 14: I live in northern Virginia, but I'm from southern Virginia, Hampton,

2169
01:43:00,320 --> 01:43:02,559
Speaker 14: like in the Hampton University area, if you know, if

2170
01:43:02,560 --> 01:43:06,080
Speaker 14: you're familiar with that, Norfolk State, some HBCUs in the area.

2171
01:43:07,040 --> 01:43:12,160
Speaker 21: But it's a lot of areas black areas Newport News, Norfolk, Portsmouth.

2172
01:43:12,800 --> 01:43:17,680
Speaker 14: That are on the verge of I would say gentrification,

2173
01:43:17,760 --> 01:43:18,920
Speaker 14: but they not quite there yet.

2174
01:43:18,920 --> 01:43:20,519
Speaker 21: And we're trying to get active in the market.

2175
01:43:20,520 --> 01:43:23,759
Speaker 14: But you know, we don't have that that that that game,

2176
01:43:23,880 --> 01:43:26,280
Speaker 14: that real game, not just open up a book game.

2177
01:43:26,320 --> 01:43:28,160
Speaker 14: But like you said, you you know all the ins

2178
01:43:28,200 --> 01:43:30,280
Speaker 14: and outs, and we're just trying to look for something

2179
01:43:30,360 --> 01:43:30,719
Speaker 14: like that.

2180
01:43:31,560 --> 01:43:31,760
Speaker 13: Man.

2181
01:43:31,840 --> 01:43:34,280
Speaker 5: So I would say, once again, just trying to find

2182
01:43:34,640 --> 01:43:39,439
Speaker 5: local mentors and not necessarily, not necessarily somebody to invest

2183
01:43:39,479 --> 01:43:41,759
Speaker 5: with you, but maybe you have to just pay somebody

2184
01:43:41,800 --> 01:43:44,559
Speaker 5: for the knowledge for the time, you know, just to

2185
01:43:44,560 --> 01:43:47,599
Speaker 5: get into it. But you know, I got a platform

2186
01:43:47,600 --> 01:43:49,080
Speaker 5: called learn from Chris dot com. You can go in

2187
01:43:49,120 --> 01:43:50,599
Speaker 5: there and they'll give you a lot of the basic

2188
01:43:50,640 --> 01:43:53,080
Speaker 5: information and then that'll put you in a position if

2189
01:43:53,120 --> 01:43:55,000
Speaker 5: you want to go talk to somebody locally, because sometimes

2190
01:43:55,520 --> 01:43:58,160
Speaker 5: active investors don't want to deal with people that they

2191
01:43:58,160 --> 01:44:01,960
Speaker 5: can tell are completely green, you know, So if you

2192
01:44:02,000 --> 01:44:04,120
Speaker 5: can go in there and get yourself acclimated some things.

2193
01:44:04,160 --> 01:44:06,439
Speaker 5: Go to YouTube. There's a lot of stuff on there,

2194
01:44:07,400 --> 01:44:09,920
Speaker 5: and I'm not trying to be cliche, but I'm saying, like,

2195
01:44:10,200 --> 01:44:12,160
Speaker 5: try to get yourself as educated as possible so that

2196
01:44:12,200 --> 01:44:13,519
Speaker 5: when you get in front of these people you can

2197
01:44:13,560 --> 01:44:15,880
Speaker 5: have an intelligent conversation with them about what you're trying

2198
01:44:15,880 --> 01:44:19,000
Speaker 5: to do. And man, Virginia has a lot a lot

2199
01:44:19,040 --> 01:44:22,320
Speaker 5: of investors. I mean, you could between Instagram, I know,

2200
01:44:22,439 --> 01:44:25,880
Speaker 5: I know several between Instagram and Facebook that might be

2201
01:44:25,920 --> 01:44:28,640
Speaker 5: able to help you. You can also look up local meetups,

2202
01:44:29,000 --> 01:44:31,760
Speaker 5: you know, just type in whatever nearest big city to

2203
01:44:31,840 --> 01:44:35,080
Speaker 5: you and investment meetups and that'll bring you to some

2204
01:44:35,080 --> 01:44:36,960
Speaker 5: some groups that may have somebody's willing to work with you.

2205
01:44:37,320 --> 01:44:41,760
Speaker 5: But man, networking between social media platforms like Earn your

2206
01:44:41,840 --> 01:44:48,040
Speaker 5: Leisure and and uh yeah, just the Facebook groups. Man,

2207
01:44:48,200 --> 01:44:49,960
Speaker 5: I'm pretty sure you can find somebody if if you

2208
01:44:50,040 --> 01:44:51,639
Speaker 5: all looking.

2209
01:44:50,640 --> 01:44:52,559
Speaker 3: And like I said, we're gonna we're going through that

2210
01:44:52,600 --> 01:44:53,480
Speaker 3: on our Facebook.

2211
01:44:54,160 --> 01:44:56,000
Speaker 2: Yeah, Chris, I'm gonna take a quote and Jerome you

2212
01:44:56,040 --> 01:44:57,760
Speaker 2: can you can use this quote and apply it.

2213
01:44:57,800 --> 01:44:57,960
Speaker 3: Man.

2214
01:44:57,960 --> 01:44:59,360
Speaker 2: I took this right from your page. I was like,

2215
01:44:59,400 --> 01:45:01,680
Speaker 2: this is dope. You said there's three things you need

2216
01:45:01,720 --> 01:45:04,360
Speaker 2: to be successful. The knowledge, the opportunity, the money. One

2217
01:45:04,400 --> 01:45:06,760
Speaker 2: you can control. The two y'all gotta find that's it.

2218
01:45:07,640 --> 01:45:11,519
Speaker 2: So take that with you, Jerome, Knowledge, opportunity, money one

2219
01:45:11,520 --> 01:45:14,840
Speaker 2: you control too. You gotta go find my man, appreciate you.

2220
01:45:14,960 --> 01:45:19,360
Speaker 3: Sure when you see me running through Atlanta in La

2221
01:45:19,520 --> 01:45:24,200
Speaker 3: Los Angeles, Houston, Texas and these things La too. It's

2222
01:45:24,240 --> 01:45:26,160
Speaker 3: a great cloud over New York right now.

2223
01:45:26,880 --> 01:45:29,479
Speaker 2: I've seen b Rude put your Headlanta Headquarters all the

2224
01:45:29,520 --> 01:45:30,000
Speaker 2: way e y.

2225
01:45:30,200 --> 01:45:32,320
Speaker 3: Lanta Headquarters is already it's already up and running. But

2226
01:45:32,400 --> 01:45:35,320
Speaker 3: we already said that we're re ramping it. We Yeah,

2227
01:45:35,439 --> 01:45:37,080
Speaker 3: we got be Rue. We got to meet up somewhere.

2228
01:45:37,160 --> 01:45:37,320
Speaker 5: Man.

2229
01:45:37,520 --> 01:45:39,400
Speaker 2: I know you in DC, but when we're Atlanta, you

2230
01:45:39,439 --> 01:45:40,720
Speaker 2: gotta come come check us out.

2231
01:45:40,720 --> 01:45:43,439
Speaker 3: Shout out to d C. Shout out to PG County. Shot.

2232
01:45:43,479 --> 01:45:45,000
Speaker 3: The earth is big though. That's why I know, shout

2233
01:45:45,000 --> 01:45:47,040
Speaker 3: out to New York. It's New York forever. But I

2234
01:45:47,160 --> 01:45:51,000
Speaker 3: just say that halfway joking, only halfway. But the earth

2235
01:45:51,080 --> 01:45:53,320
Speaker 3: is big though. We can't just be stuck in our neighborhood.

2236
01:45:53,320 --> 01:45:55,519
Speaker 3: It's just like if something is too out of expensive

2237
01:45:55,600 --> 01:45:58,799
Speaker 3: or something is just you know, never be afraid to expand,

2238
01:45:58,960 --> 01:46:00,920
Speaker 3: like you know, this is this is this is a

2239
01:46:01,040 --> 01:46:03,799
Speaker 3: large earth that we live in, even out of the country,

2240
01:46:03,840 --> 01:46:05,040
Speaker 3: Like you know what I mean, Like there's no there's

2241
01:46:05,040 --> 01:46:07,120
Speaker 3: no limits to anything that we do in life. And

2242
01:46:07,160 --> 01:46:09,800
Speaker 3: we put we put geographic limits on ourselves because where

2243
01:46:09,800 --> 01:46:11,840
Speaker 3: we're from, the neighborhoods that we grew up in in

2244
01:46:11,840 --> 01:46:14,439
Speaker 3: our family. But you never know, you might be pleasantly

2245
01:46:14,479 --> 01:46:16,920
Speaker 3: surprised when you start to travel and you see different

2246
01:46:16,920 --> 01:46:19,320
Speaker 3: areas and it's different opportunities, and it's different cultures and

2247
01:46:19,360 --> 01:46:23,320
Speaker 3: different people and they have different dialects. So you know, me,

2248
01:46:23,439 --> 01:46:25,679
Speaker 3: I love to travel Troy, Troy gonna be here forever.

2249
01:46:25,800 --> 01:46:28,040
Speaker 2: But I love York. But our wise man told me.

2250
01:46:28,080 --> 01:46:29,880
Speaker 2: This man he said this to us the other day.

2251
01:46:30,200 --> 01:46:31,600
Speaker 2: He said, go where you're celebrated.

2252
01:46:31,920 --> 01:46:32,720
Speaker 3: That's a fact too.

2253
01:46:32,840 --> 01:46:33,840
Speaker 2: Go where you're celebrated.

2254
01:46:33,960 --> 01:46:34,160
Speaker 14: Man.

2255
01:46:34,240 --> 01:46:36,839
Speaker 3: I was like, oh, well, we're always gonna be celebrated

2256
01:46:36,880 --> 01:46:38,080
Speaker 3: in New York, Brooklyn.

2257
01:46:37,680 --> 01:46:41,640
Speaker 2: Shot you celebrate. I was like, that's powerful. Natalie, what's up?

2258
01:46:41,680 --> 01:46:46,559
Speaker 2: I'm yourself. You've been unmuted. Has been on point today

2259
01:46:47,240 --> 01:46:49,880
Speaker 2: on Natalie. Right when I say that, you know how

2260
01:46:49,880 --> 01:46:53,679
Speaker 2: his work ain't no frish breaks. So Natalie, we gotta

2261
01:46:53,720 --> 01:46:56,920
Speaker 2: move on. We gotta move on. Uh, let's go to Samantha. Samantha,

2262
01:46:56,960 --> 01:47:02,439
Speaker 2: we I'm muting you. I'mute yourself. Hello, there we go.

2263
01:47:02,520 --> 01:47:04,400
Speaker 2: Let's keep this thing rolling. Samantha, thank you.

2264
01:47:05,280 --> 01:47:14,000
Speaker 4: I got thig so good evening, everyone, Good evening. Shout

2265
01:47:14,000 --> 01:47:16,519
Speaker 4: out to the earners and my cousins that are listening.

2266
01:47:16,560 --> 01:47:20,160
Speaker 4: I sent this to them. We have started our own

2267
01:47:20,200 --> 01:47:25,000
Speaker 4: investment group. Our overall goal, or one of our overall goals,

2268
01:47:25,040 --> 01:47:27,799
Speaker 4: would be to do this in Jamaica because our families

2269
01:47:27,800 --> 01:47:30,960
Speaker 4: from there, our parents are from Saint Anne, and but

2270
01:47:31,600 --> 01:47:32,719
Speaker 4: you know we have to start small.

2271
01:47:33,360 --> 01:47:35,559
Speaker 2: Yeah yeah, I'm with that. Shout out to Jamaica.

2272
01:47:36,960 --> 01:47:42,439
Speaker 4: So my question is how did you structure the business?

2273
01:47:42,479 --> 01:47:44,880
Speaker 4: Did you do it on your own? And then do

2274
01:47:44,960 --> 01:47:48,479
Speaker 4: like a joint venture with other people or did you

2275
01:47:48,520 --> 01:47:50,120
Speaker 4: all create your own business?

2276
01:47:50,120 --> 01:47:53,040
Speaker 5: How did that work? Yeah, that's a great question. So

2277
01:47:53,439 --> 01:47:56,680
Speaker 5: each project I do has its own individual entity, so

2278
01:47:56,720 --> 01:48:00,879
Speaker 5: its own individual LLC, and that LLC owns the project,

2279
01:48:01,360 --> 01:48:03,760
Speaker 5: and so there's several ways you can structure from there.

2280
01:48:04,600 --> 01:48:08,000
Speaker 5: It depends on who is playing what role. So if

2281
01:48:08,040 --> 01:48:11,200
Speaker 5: you're bringing on other investors, some of them may want

2282
01:48:11,240 --> 01:48:14,720
Speaker 5: to be a member of your LLC, some of them

2283
01:48:14,800 --> 01:48:18,040
Speaker 5: want to joint venture where your two LLCs work together

2284
01:48:19,000 --> 01:48:21,200
Speaker 5: some of you. Some of them may want if they

2285
01:48:21,240 --> 01:48:23,080
Speaker 5: just want to be passive investors, you may have to

2286
01:48:23,680 --> 01:48:27,519
Speaker 5: structure something where they are in a limited partnership with you,

2287
01:48:27,520 --> 01:48:30,519
Speaker 5: where you are the general partner that makes decisions and

2288
01:48:30,560 --> 01:48:33,080
Speaker 5: they are like a passive limited partner that may get

2289
01:48:33,560 --> 01:48:38,240
Speaker 5: the first returns out of the deal. So it varies greatly.

2290
01:48:38,360 --> 01:48:41,360
Speaker 5: It really depends on the scope of the project you're

2291
01:48:41,400 --> 01:48:44,519
Speaker 5: trying to do. I mean, there's nothing wrong with all

2292
01:48:44,640 --> 01:48:47,240
Speaker 5: y'all just putting together and doing one LLC if that's

2293
01:48:47,240 --> 01:48:51,160
Speaker 5: what you want for the first project. Of course, this

2294
01:48:51,320 --> 01:48:55,719
Speaker 5: is not legal advice. You always just see legal counsel.

2295
01:48:56,280 --> 01:48:58,320
Speaker 5: But yeah, so, like I said, each project I do

2296
01:48:58,439 --> 01:48:59,639
Speaker 5: is different structure a little different?

2297
01:49:04,240 --> 01:49:06,600
Speaker 3: No, that was that was That was a great question, Samantha.

2298
01:49:06,640 --> 01:49:07,320
Speaker 2: Appreciate you.

2299
01:49:07,439 --> 01:49:09,080
Speaker 3: Let's go to one more. Let's go to one more.

2300
01:49:09,439 --> 01:49:11,960
Speaker 2: And I see that Shannon is telling you the contact her.

2301
01:49:12,720 --> 01:49:15,439
Speaker 2: So here, Shannon up, she's in the chat here, Shannon.

2302
01:49:15,520 --> 01:49:16,240
Speaker 2: Shout out to Shannon.

2303
01:49:16,280 --> 01:49:17,000
Speaker 3: Let's get one more.

2304
01:49:17,560 --> 01:49:19,960
Speaker 2: Let's see. Let's see this is a we haven't seen

2305
01:49:19,960 --> 01:49:22,639
Speaker 2: this name before. We haven't seen this name before. Ashley.

2306
01:49:22,680 --> 01:49:25,400
Speaker 2: We're coming to you, Ashley, what's going on? I'm mute yourself.

2307
01:49:25,400 --> 01:49:26,080
Speaker 2: You've been unmuted?

2308
01:49:26,439 --> 01:49:27,400
Speaker 11: What okay?

2309
01:49:27,439 --> 01:49:31,000
Speaker 8: Sorry, I'm so excited because that part.

2310
01:49:31,880 --> 01:49:32,560
Speaker 3: Sorry.

2311
01:49:33,920 --> 01:49:39,320
Speaker 8: I appreciate y'all for allowing me to speak and ask questions. Chris,

2312
01:49:39,360 --> 01:49:41,000
Speaker 8: I want to thank you for what you're doing for

2313
01:49:41,040 --> 01:49:44,960
Speaker 8: the city of Houston. I'm originally from Houston. My dad

2314
01:49:45,080 --> 01:49:49,679
Speaker 8: was born and raised in fifth Ward, Great a really

2315
01:49:49,680 --> 01:49:52,880
Speaker 8: special place in my heart. My major was urban planning.

2316
01:49:52,960 --> 01:49:55,760
Speaker 8: I went to Brown University. I'm a little nervous, I'm sorry.

2317
01:49:56,040 --> 01:49:59,679
Speaker 8: With to Brown University, studied urban planning, came back home

2318
01:49:59,720 --> 01:50:03,679
Speaker 8: and like, man, I see this happening, Like I could

2319
01:50:03,680 --> 01:50:05,679
Speaker 8: tell all the things that you've been talking about.

2320
01:50:06,600 --> 01:50:11,080
Speaker 11: When you see stuff like infrastructure coming to.

2321
01:50:11,000 --> 01:50:17,320
Speaker 8: A place, like you said, sidewalks even down to bus

2322
01:50:17,360 --> 01:50:20,280
Speaker 8: buses or light rails coming into a community that were

2323
01:50:20,320 --> 01:50:21,160
Speaker 8: never there before.

2324
01:50:21,680 --> 01:50:22,719
Speaker 11: That's another marker.

2325
01:50:22,960 --> 01:50:26,880
Speaker 8: And I just started seeing this like, man, when are

2326
01:50:26,920 --> 01:50:28,840
Speaker 8: we gonna all get on the same page? And to

2327
01:50:28,880 --> 01:50:31,680
Speaker 8: see you do it? I moved away from Houston. Unfortunately

2328
01:50:31,760 --> 01:50:34,439
Speaker 8: I didn't have the opportunity to invest. I mean I

2329
01:50:34,520 --> 01:50:37,240
Speaker 8: will now and I have the tools and I've been

2330
01:50:37,280 --> 01:50:41,000
Speaker 8: learning these last few years. But I left Houston because

2331
01:50:41,040 --> 01:50:43,320
Speaker 8: a lot of people weren't willing to give me the

2332
01:50:43,360 --> 01:50:47,080
Speaker 8: opportunity to work in urban planning and real estate development

2333
01:50:47,360 --> 01:50:50,400
Speaker 8: because I didn't have the experience. I just had the knowledge,

2334
01:50:50,479 --> 01:50:54,240
Speaker 8: and I came to LA and I come back to

2335
01:50:54,280 --> 01:50:56,479
Speaker 8: Houston and I just see it, like every month I've

2336
01:50:56,520 --> 01:50:58,400
Speaker 8: been coming back for the last three months, and like

2337
01:50:58,880 --> 01:51:02,519
Speaker 8: it's happening. I've been telling people and you know, Paul

2338
01:51:02,560 --> 01:51:07,559
Speaker 8: revereing it like, hey, gri grification is coming, Like you know,

2339
01:51:07,680 --> 01:51:11,600
Speaker 8: these people are moving in here with you know, their privilege,

2340
01:51:12,200 --> 01:51:15,479
Speaker 8: but they don't have you know, the roots here.

2341
01:51:15,560 --> 01:51:17,760
Speaker 11: They're there for the capitalist opportunities.

2342
01:51:18,400 --> 01:51:21,880
Speaker 8: And my one reason why I raised my hand, had

2343
01:51:21,880 --> 01:51:24,240
Speaker 8: no idea they were gonna call me, but I wanted

2344
01:51:24,280 --> 01:51:29,200
Speaker 8: to thank you personally, even if it's via zoom. I

2345
01:51:29,560 --> 01:51:35,120
Speaker 8: appreciate what you're doing and sparking even the thought because unfortunately,

2346
01:51:35,320 --> 01:51:37,240
Speaker 8: the reason why I moved from Houston too is a

2347
01:51:37,240 --> 01:51:41,000
Speaker 8: lot of people were so driven on being corporate, corporate,

2348
01:51:41,000 --> 01:51:44,559
Speaker 8: corporate only and we see something like COVID happening where

2349
01:51:45,040 --> 01:51:47,920
Speaker 8: the rug is pulled out from everybody and you know,

2350
01:51:48,560 --> 01:51:52,160
Speaker 8: either you had that mindset of pivoting or now you're

2351
01:51:52,200 --> 01:51:55,920
Speaker 8: fumbling to get there. And the platform like ey L

2352
01:51:56,080 --> 01:51:58,600
Speaker 8: is helping, you know, people all over the globe to

2353
01:51:59,120 --> 01:52:00,400
Speaker 8: really learn how to pivot.

2354
01:52:01,160 --> 01:52:02,519
Speaker 11: And I appreciate you guys.

2355
01:52:02,560 --> 01:52:05,000
Speaker 8: I'm I'm an earn I've been an earnest since March,

2356
01:52:05,600 --> 01:52:08,960
Speaker 8: and I've been telling people like, hey, you you need

2357
01:52:09,000 --> 01:52:11,120
Speaker 8: to get with I mean, I appreciate y'all putting it

2358
01:52:11,120 --> 01:52:14,559
Speaker 8: on YouTube, but getting in the community is totally different.

2359
01:52:14,640 --> 01:52:17,280
Speaker 8: Like you mentioned, when you talk to a stranger and

2360
01:52:17,320 --> 01:52:21,519
Speaker 8: they're believing in you and and giving you resources, you

2361
01:52:21,640 --> 01:52:23,120
Speaker 8: have to be able to tap into that.

2362
01:52:23,360 --> 01:52:27,639
Speaker 11: So my haning what was due. I mean, luckily I.

2363
01:52:27,600 --> 01:52:30,120
Speaker 8: Did it early, so you know, you always reward the

2364
01:52:30,160 --> 01:52:33,360
Speaker 8: people that adopt early, and I appreciate you, guys, but

2365
01:52:33,680 --> 01:52:35,760
Speaker 8: you know it's still valuable at the price that it

2366
01:52:35,840 --> 01:52:41,360
Speaker 8: is now. Chris, I will ask as I'll get to

2367
01:52:41,400 --> 01:52:45,040
Speaker 8: my question. I'm sorry for I'm trying to I'm trying

2368
01:52:45,080 --> 01:52:53,439
Speaker 8: to get thank y'all. But being in another city, do

2369
01:52:53,560 --> 01:52:57,720
Speaker 8: you think it's feasible? I because I have some of

2370
01:52:57,720 --> 01:53:00,360
Speaker 8: the knowledge I have, I see it and this is

2371
01:53:00,400 --> 01:53:02,720
Speaker 8: happening in every city in the country, you guys, So

2372
01:53:02,760 --> 01:53:06,240
Speaker 8: wherever you are, you you can tap in. But do

2373
01:53:06,320 --> 01:53:09,599
Speaker 8: you feel it's possible to be an investor from long

2374
01:53:09,680 --> 01:53:10,320
Speaker 8: distance or.

2375
01:53:10,320 --> 01:53:12,960
Speaker 11: Do you feel like you need to be in that

2376
01:53:13,040 --> 01:53:13,840
Speaker 11: specific city.

2377
01:53:13,840 --> 01:53:17,120
Speaker 8: I mean, la Is prices are going down because so

2378
01:53:17,160 --> 01:53:19,640
Speaker 8: many people moved, so the demand is not there. But

2379
01:53:21,040 --> 01:53:23,920
Speaker 8: you know, say, for instance like a Arizona or Nevada.

2380
01:53:24,000 --> 01:53:24,839
Speaker 11: I don't live.

2381
01:53:24,720 --> 01:53:27,880
Speaker 8: There, but I can tell that those cities, the cities there,

2382
01:53:27,880 --> 01:53:32,559
Speaker 8: are gonna gonna be moving into a redevelopment phase soon.

2383
01:53:32,680 --> 01:53:34,479
Speaker 11: So what is your advice on that.

2384
01:53:35,520 --> 01:53:37,880
Speaker 5: You can definitely invest anywhere in the country. I mean,

2385
01:53:38,600 --> 01:53:40,439
Speaker 5: it's all about having a team in place, right. It's

2386
01:53:40,439 --> 01:53:42,680
Speaker 5: no different than investing in a stock. But you don't

2387
01:53:42,680 --> 01:53:44,120
Speaker 5: know where the headquarters is. You don't know where the

2388
01:53:44,160 --> 01:53:46,439
Speaker 5: CEO is, you don't know where the factory is. You

2389
01:53:46,479 --> 01:53:48,200
Speaker 5: just have to have the right systems and the right

2390
01:53:48,400 --> 01:53:50,800
Speaker 5: team around you. So whatever city you're going to, you're

2391
01:53:50,840 --> 01:53:53,479
Speaker 5: gonna need a good realtor, a good property manager, a

2392
01:53:53,479 --> 01:53:57,240
Speaker 5: good contractor, and somebody that can manage them, you know,

2393
01:53:58,160 --> 01:54:00,759
Speaker 5: and or you have to have good open communication with them,

2394
01:54:01,000 --> 01:54:02,800
Speaker 5: or you know, local investors that you partner with. That's

2395
01:54:02,800 --> 01:54:04,679
Speaker 5: probably the easiest way to get into a new market

2396
01:54:05,160 --> 01:54:07,679
Speaker 5: instead of trying to do it on your own. So yeah,

2397
01:54:07,760 --> 01:54:09,920
Speaker 5: it's definitely possible. I know, I know some friends that

2398
01:54:10,040 --> 01:54:11,680
Speaker 5: only invest out of town. They don't even invest in

2399
01:54:11,680 --> 01:54:14,440
Speaker 5: the city they live in. So it's definitely practical.

2400
01:54:15,600 --> 01:54:16,160
Speaker 2: Appreciate you.

2401
01:54:16,200 --> 01:54:20,000
Speaker 3: Appreciate your thank you, ladies and gentlemen. Chris. They said

2402
01:54:20,000 --> 01:54:25,800
Speaker 3: that you look tired. Man. Hustlers don't sleep.

2403
01:54:25,600 --> 01:54:28,919
Speaker 2: Man, I'm telling you. They they say, Troy, you suspended

2404
01:54:28,960 --> 01:54:33,720
Speaker 2: all guidelines to man. I gotta get used to Wednesday.

2405
01:54:35,080 --> 01:54:37,600
Speaker 3: Now, Chris, Man, I really really, really really appreciate it.

2406
01:54:37,600 --> 01:54:39,879
Speaker 3: We're going to go into some more stuff with Chris,

2407
01:54:40,120 --> 01:54:42,400
Speaker 3: but before before we wrap, I want to give Chris

2408
01:54:42,400 --> 01:54:45,440
Speaker 3: the last word. But before we finish, once again, if

2409
01:54:45,480 --> 01:54:48,200
Speaker 3: anybody has just joined at this point in time. This

2410
01:54:48,440 --> 01:54:51,440
Speaker 3: was just a you know, open house of what we

2411
01:54:51,480 --> 01:54:54,040
Speaker 3: do once a month for Eyo University. If you're interested

2412
01:54:54,080 --> 01:54:56,600
Speaker 3: in joining Eyo University. We have a Facebook group, we

2413
01:54:56,680 --> 01:54:59,080
Speaker 3: have a book club, movie club, We do bi weekly

2414
01:54:59,080 --> 01:55:01,680
Speaker 3: real estate called the Mortgage Guy. We do. We do

2415
01:55:01,760 --> 01:55:04,360
Speaker 3: these type of classes every single week, every Wednesday. And

2416
01:55:04,400 --> 01:55:07,200
Speaker 3: there's archives, like over seventy five archive classes. So as

2417
01:55:07,200 --> 01:55:08,640
Speaker 3: soon as you join, you have access to all of

2418
01:55:08,640 --> 01:55:11,240
Speaker 3: that stuff and everything from disability insurance to how to

2419
01:55:11,280 --> 01:55:15,560
Speaker 3: buy a car, to host the real estate wholesaling, everything.

2420
01:55:15,760 --> 01:55:19,080
Speaker 2: New orientation for new earners, accountability, try it.

2421
01:55:19,240 --> 01:55:20,200
Speaker 3: What date is the orientation?

2422
01:55:20,360 --> 01:55:24,160
Speaker 2: There's going to be November fourteenth. If I'm not mistaken,

2423
01:55:24,320 --> 01:55:26,560
Speaker 2: I could be ye, November fourteen.

2424
01:55:26,280 --> 01:55:30,880
Speaker 3: November fourteenth at one o'clock. We have November twenty first

2425
01:55:31,000 --> 01:55:33,919
Speaker 3: we have orientation. We treating this like it's a real university,

2426
01:55:33,960 --> 01:55:35,920
Speaker 3: so like you know when you go to school and

2427
01:55:36,360 --> 01:55:38,960
Speaker 3: you have freshmen orientation. So you know, we have a

2428
01:55:39,000 --> 01:55:41,640
Speaker 3: lot of different spots. We got we got our Facebook group,

2429
01:55:41,680 --> 01:55:43,840
Speaker 3: we got the website, so it might be kind of

2430
01:55:43,880 --> 01:55:46,240
Speaker 3: hard for people to navigate. So we got orientation on

2431
01:55:46,280 --> 01:55:48,960
Speaker 3: the twenty first, and yeah, man, this is this is

2432
01:55:49,000 --> 01:55:53,240
Speaker 3: definitely gonna be the biggest, the biggest educational platform in existence.

2433
01:55:53,720 --> 01:55:56,160
Speaker 3: And twenty four hours and twenty four hours, the price

2434
01:55:56,200 --> 01:55:58,680
Speaker 3: goes up. So if you're interested in joining, the link

2435
01:55:58,760 --> 01:56:01,720
Speaker 3: is in only the link, the only discount link is

2436
01:56:02,240 --> 01:56:05,160
Speaker 3: in YouTube because uh, we didn't want to do a

2437
01:56:05,200 --> 01:56:08,160
Speaker 3: cold because there's issues with the cold. So just hit

2438
01:56:08,200 --> 01:56:10,520
Speaker 3: the hit the link in YouTube. It's pinned. I'll put

2439
01:56:10,520 --> 01:56:14,040
Speaker 3: it in the comments section again. And yeah, man, if

2440
01:56:14,040 --> 01:56:16,800
Speaker 3: you're interested in joining, it's only up from here. It's

2441
01:56:16,800 --> 01:56:19,040
Speaker 3: only up from here. But Chris, I want to give

2442
01:56:19,080 --> 01:56:21,800
Speaker 3: you the final word because I mean, we're going to

2443
01:56:21,880 --> 01:56:23,320
Speaker 3: be doing some more stuff together. I don't know if

2444
01:56:23,320 --> 01:56:25,000
Speaker 3: you're ready to talk about that or not yet.

2445
01:56:24,840 --> 01:56:26,400
Speaker 5: But yout it.

2446
01:56:28,200 --> 01:56:32,000
Speaker 3: You know, yeah, e y L E y L Podcast Network.

2447
01:56:32,880 --> 01:56:34,800
Speaker 3: You obviously know that. You know, the people know we

2448
01:56:34,840 --> 01:56:38,000
Speaker 3: have a strong track record with our our show, our

2449
01:56:38,040 --> 01:56:42,800
Speaker 3: podcast and market Mondays. We said earlier, like in March,

2450
01:56:42,920 --> 01:56:44,520
Speaker 3: like we want to we want to work with other

2451
01:56:44,600 --> 01:56:47,560
Speaker 3: creatives and other entrepreneurs and different people to kind of,

2452
01:56:47,560 --> 01:56:50,080
Speaker 3: you know, help them out as far as their journey

2453
01:56:50,240 --> 01:56:55,160
Speaker 3: in podcasting and market Mondays was our first experiment and

2454
01:56:55,720 --> 01:56:59,840
Speaker 3: that was wildly successful experiment. So now we we we

2455
01:57:00,280 --> 01:57:04,200
Speaker 3: got a long list of other people that we're gonna

2456
01:57:04,200 --> 01:57:08,760
Speaker 3: bring on the label. And Chris, Chris hit me up, man,

2457
01:57:08,960 --> 01:57:12,120
Speaker 3: so I think, yeah, we're gonna we're gonna work on

2458
01:57:12,120 --> 01:57:12,880
Speaker 3: that podcast.

2459
01:57:12,960 --> 01:57:13,160
Speaker 4: Man.

2460
01:57:14,400 --> 01:57:16,480
Speaker 5: It's long overdue for me. Man, I just didn't have

2461
01:57:16,520 --> 01:57:18,440
Speaker 5: the capacity to do it on my own. So it's

2462
01:57:18,440 --> 01:57:28,200
Speaker 5: an honor to partner with the number one.

2463
01:57:25,920 --> 01:57:28,560
Speaker 3: And and and this just just this just goes to show, like,

2464
01:57:28,600 --> 01:57:32,040
Speaker 3: you know, we're working together. You know young black entrepreneurs.

2465
01:57:32,080 --> 01:57:34,920
Speaker 3: Christ is in real estate, we're in the media space,

2466
01:57:35,400 --> 01:57:37,840
Speaker 3: and he recognized that we can we can bring some

2467
01:57:37,960 --> 01:57:40,200
Speaker 3: value to him, he can bring some value to us.

2468
01:57:40,240 --> 01:57:43,720
Speaker 3: So instead of us working apart, we're much stronger if

2469
01:57:43,800 --> 01:57:46,280
Speaker 3: if we come together. And if you know, all of

2470
01:57:46,320 --> 01:57:49,840
Speaker 3: these big corporations can have podcast networks. I can't. Why

2471
01:57:49,840 --> 01:57:52,160
Speaker 3: can't you, y, I'll have a podcast network and all

2472
01:57:52,160 --> 01:57:54,800
Speaker 3: of the relationships that we built and build it out

2473
01:57:54,840 --> 01:57:57,680
Speaker 3: from there. So yeah, you heard it first. You heard

2474
01:57:57,680 --> 01:57:59,080
Speaker 3: it first, ladies and gentlemen, this.

2475
01:57:59,080 --> 01:58:02,320
Speaker 2: Is breaking news alert. Look, look we got so we

2476
01:58:02,440 --> 01:58:04,280
Speaker 2: got a couple more breaking news letters that we're going

2477
01:58:04,320 --> 01:58:06,080
Speaker 2: We ain't ready to announce him. Yeah, but trust me,

2478
01:58:06,120 --> 01:58:07,120
Speaker 2: the label growing.

2479
01:58:06,960 --> 01:58:10,920
Speaker 3: Oh no, it's gonna be like Roeller. It's gonna be

2480
01:58:10,960 --> 01:58:14,520
Speaker 3: like Rock in the early label growing.

2481
01:58:14,640 --> 01:58:16,880
Speaker 2: Yeah, expeditionous.

2482
01:58:19,280 --> 01:58:21,880
Speaker 3: But how can they? How can they? Your crowdfund? You

2483
01:58:21,920 --> 01:58:25,200
Speaker 3: said your crowdfund is full, but talk about that as

2484
01:58:25,200 --> 01:58:26,600
Speaker 3: far as like, are you going to open up a

2485
01:58:26,600 --> 01:58:29,760
Speaker 3: new crowdfund? What's your plans as far as your development, like,

2486
01:58:29,840 --> 01:58:31,600
Speaker 3: let the people know how they can follow you, all

2487
01:58:31,600 --> 01:58:33,760
Speaker 3: the information that you you know you have to give

2488
01:58:33,800 --> 01:58:34,760
Speaker 3: to the people. Yeah.

2489
01:58:34,800 --> 01:58:37,440
Speaker 5: Man, so right now, I'm I'm actively looked at a

2490
01:58:37,440 --> 01:58:40,000
Speaker 5: few different projects that I may use for the next crowdfund.

2491
01:58:40,000 --> 01:58:42,200
Speaker 5: I have not figured it out yet, but as soon

2492
01:58:42,240 --> 01:58:45,800
Speaker 5: as I do, everybody will know and Euyo probably the

2493
01:58:45,800 --> 01:58:49,320
Speaker 5: first ones to know about it. Yeah, so just stay

2494
01:58:49,320 --> 01:58:51,200
Speaker 5: tuned for that. I can technically, you're going to do

2495
01:58:51,240 --> 01:58:53,200
Speaker 5: one a year if if you hit the max. So uh,

2496
01:58:53,560 --> 01:58:56,200
Speaker 5: actually in the November, I'll be able to start putting

2497
01:58:56,200 --> 01:58:58,520
Speaker 5: another one together. Yeah. So if you want to follow me,

2498
01:58:59,040 --> 01:59:03,680
Speaker 5: just understand investor on Instagram. I have a YouTube channel.

2499
01:59:04,560 --> 01:59:06,920
Speaker 5: Like I said, if you want to learn more about

2500
01:59:07,360 --> 01:59:10,600
Speaker 5: real estate investing specifically, you can go to learn from

2501
01:59:10,680 --> 01:59:12,640
Speaker 5: Chris dot Com I have actually have a free guide

2502
01:59:12,640 --> 01:59:14,880
Speaker 5: on five strategies where you can invest passively. So for

2503
01:59:14,960 --> 01:59:17,240
Speaker 5: the busy people that don't have time and don't want

2504
01:59:17,280 --> 01:59:20,040
Speaker 5: to be active wholesalers or flippers, I got five strategies

2505
01:59:20,160 --> 01:59:21,960
Speaker 5: that I can that I'm showing you how you can

2506
01:59:22,280 --> 01:59:25,880
Speaker 5: truly invest passively and still make money. Yeah. So, and

2507
01:59:26,960 --> 01:59:29,440
Speaker 5: that that also leads into a membership group where I'm

2508
01:59:29,480 --> 01:59:34,880
Speaker 5: probably one of the only instructors online that has courses

2509
01:59:34,920 --> 01:59:37,720
Speaker 5: that's actually talking about gentrification, talking about crowdfunding and all

2510
01:59:37,760 --> 01:59:40,800
Speaker 5: those things inside the platform as well. So, yeah, man,

2511
01:59:40,880 --> 01:59:43,960
Speaker 5: learn from Chris dot Com investor on Instagram. That's pretty

2512
01:59:44,000 --> 01:59:44,280
Speaker 5: much it.

2513
01:59:45,560 --> 01:59:50,840
Speaker 3: There you have it, But investor is underscore. I n

2514
01:59:51,320 --> 01:59:53,480
Speaker 3: V as t R. Yeah.

2515
01:59:53,600 --> 01:59:55,520
Speaker 5: Yeah, the only vowel is the I.

2516
01:59:57,880 --> 01:59:57,960
Speaker 13: Are.

2517
01:59:58,240 --> 01:59:59,720
Speaker 5: You Just go to the earn your Leisure page and

2518
01:59:59,760 --> 02:00:01,520
Speaker 5: click click my Yeah.

2519
02:00:01,840 --> 02:00:04,680
Speaker 3: We put his Instagram in the description of this video

2520
02:00:04,800 --> 02:00:07,320
Speaker 3: as well. The fact you definitely should follow Chris on

2521
02:00:07,360 --> 02:00:08,640
Speaker 3: Instagram a lot a lot of gyms.

2522
02:00:08,720 --> 02:00:10,320
Speaker 2: Yeah legend. That's why I said. We don't throw around

2523
02:00:10,320 --> 02:00:12,280
Speaker 2: the word legend a lot, but this guy definitely is

2524
02:00:12,320 --> 02:00:14,600
Speaker 2: one man. So shout out to Houston to the third World,

2525
02:00:14,840 --> 02:00:21,240
Speaker 2: third Ward, fifth Ward. Shout to Beyonce, I you parking

2526
02:00:21,280 --> 02:00:23,760
Speaker 2: joint drove tomorrow too, so be on on Friday. Look

2527
02:00:23,920 --> 02:00:24,840
Speaker 2: on the lookout.

2528
02:00:25,160 --> 02:00:27,920
Speaker 3: Shout shout of Dallas, Texas too. I was out there

2529
02:00:27,960 --> 02:00:29,920
Speaker 3: for the first time, my first time in Dallas and

2530
02:00:30,320 --> 02:00:31,960
Speaker 3: that's a dope city too. Now we just got to

2531
02:00:32,000 --> 02:00:35,120
Speaker 3: go to Austin. We got going to Austin, Texas. But

2532
02:00:35,840 --> 02:00:38,600
Speaker 3: shout out to the whole state of Texas. Don't mess

2533
02:00:38,640 --> 02:00:41,600
Speaker 3: with Texas, man. Everything is is what is it?

2534
02:00:41,640 --> 02:00:44,280
Speaker 5: Everything Texas in Texas? There you go.

2535
02:00:44,720 --> 02:00:47,080
Speaker 3: Yeah, you know they're having a tough time right now

2536
02:00:47,080 --> 02:00:52,000
Speaker 3: with the sports teams. But so good, right, so good man.

2537
02:00:52,600 --> 02:00:57,800
Speaker 3: But now, Chris Brother, I appreciate you, love, I appreciate you. Yeah,

2538
02:00:57,840 --> 02:01:02,000
Speaker 3: So stay safe. Man, will be in contact, and everybody

2539
02:01:02,000 --> 02:01:05,080
Speaker 3: thank you for joining us. This video will be saved

2540
02:01:05,120 --> 02:01:06,760
Speaker 3: on YouTube, so you can go back and watch it

2541
02:01:06,800 --> 02:01:09,120
Speaker 3: if you if you missed a part of it, and

2542
02:01:09,160 --> 02:01:11,880
Speaker 3: tell everybody about Chris, and tell everybody about all of

2543
02:01:11,880 --> 02:01:13,760
Speaker 3: the great work that he's doing. And hopefully you got

2544
02:01:13,760 --> 02:01:16,600
Speaker 3: some information that you can actually use and replicate in

2545
02:01:16,640 --> 02:01:18,520
Speaker 3: your part of the world. That's what this is all about.

2546
02:01:18,560 --> 02:01:22,240
Speaker 3: Each one teach one. So all right you have let's

2547
02:01:22,280 --> 02:01:23,320
Speaker 3: go say what's see you next week?

2548
02:01:25,520 --> 02:01:25,760
Speaker 15: All right?

2549
02:01:25,800 --> 02:01:28,600
Speaker 2: Shall yo? Go call somebody? Man, go call somebody. Reach out.

2550
02:01:29,320 --> 02:01:32,120
Speaker 2: One test can change a lifetime or change somebody's life.

2551
02:01:32,200 --> 02:01:34,760
Speaker 2: One call can change somebody's life. Make sure y'all do that.

2552
02:01:34,800 --> 02:01:36,560
Speaker 2: Go to your contact list now. Just reach out to

2553
02:01:36,680 --> 02:01:39,240
Speaker 2: let somebody know you thinking about them. All right, peace,

2554
02:01:39,280 --> 02:01:41,000
Speaker 2: We love y'all. We out Chris love.

2555
02:01:40,840 --> 02:01:42,720
Speaker 5: Bro All right, I got twenty four hours.

2556
02:01:42,840 --> 02:01:46,520
Speaker 2: He ain't playing, We ain't playing. Don't wait, don't hesitate,

2557
02:01:46,640 --> 02:01:47,120
Speaker 2: don't play it.

2558
02:01:47,200 --> 02:01:51,680
Speaker 9: So you just realized your business needed to hire someone yesterday.

2559
02:01:52,160 --> 02:01:56,360
Speaker 9: How can you find amazing candidates fast? Easy? Just use

2560
02:01:56,480 --> 02:01:59,680
Speaker 9: Indeed stop struggling to get your job post seen on

2561
02:01:59,760 --> 02:02:03,720
Speaker 9: other job sites. With Indeed sponsored jobs, your post jumps

2562
02:02:03,760 --> 02:02:06,080
Speaker 9: to the top of the page for your relevant candidates,

2563
02:02:06,320 --> 02:02:09,400
Speaker 9: so you can reach the people you want faster. According

2564
02:02:09,400 --> 02:02:13,040
Speaker 9: to Indeed data, sponsored jobs posted directly on Indeed have

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Speaker 9: forty five percent more applications than non sponsored jobs. Don't

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Speaker 9: wait any longer, speed up your hiring right now with Indeed,

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Speaker 9: and listeners of this show will get a seventy five

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02:02:23,640 --> 02:02:26,840
Speaker 9: dollars sponsored job credit to get your jobs, more visibility

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Speaker 9: at indeed dot com slash pod katz thirteen. Just go

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Speaker 9: to indeed dot com slash pod katz thirteen right now

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Speaker 9: and support our show by saying you heard about Indeed

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02:02:40,440 --> 02:02:44,760
Speaker 9: on this podcast. Terms and conditions apply. Hiring Indeed is

2573
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Speaker 9: all you need