WEBVTT - Study Hall: Blueprint to Buy Back the Block 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.840 border and families will be protected. 0:00:57.920 --> 0:01:00.000 Sponsored by the United States Department of Homeland Security. 0:01:00.560 --> 0:01:02.080 Readings and salutations. 0:01:02.680 --> 0:01:06.880 Too bad, what's going on? They ain't even trying to 0:01:06.880 --> 0:01:08.240 play us no more. They don't give us no ads 0:01:08.280 --> 0:01:08.440 to that. 0:01:10.440 --> 0:01:18.399 I appreciate that. Yes, this is gonna be glorious as always. 0:01:19.200 --> 0:01:23.080 Anytime we get to come on YouTube, it's always a 0:01:23.120 --> 0:01:27.920 special situation. You don't let the fan man shout out 0:01:27.920 --> 0:01:29.800 to e y L University earns. 0:01:29.800 --> 0:01:31.280 What's up? What's up? What's up? 0:01:31.319 --> 0:01:33.960 What's going on? You're about to get it going. 0:01:34.360 --> 0:01:35.520 I've unmuted myself. 0:01:38.600 --> 0:01:43.240 Yeah, let's get the young Legend Chris Senegal in the building. 0:01:44.400 --> 0:01:52.800 Let's get him up and running pace pace pace, There 0:01:52.840 --> 0:01:54.120 you go, pace. 0:01:57.680 --> 0:01:58.000 Yeah. 0:01:59.520 --> 0:02:01.240 I hope iverybody got a chance to check out to 0:02:01.280 --> 0:02:03.400 kill a mic epis. So that's all right now on 0:02:03.520 --> 0:02:07.160 all platforms. The young Legend himself, Chris, what's going on? Brother? 0:02:08.120 --> 0:02:08.440 Y'all? 0:02:08.800 --> 0:02:10.880 Oh, we're great, bron how you. 0:02:10.680 --> 0:02:14.720 I'm great, man, I'm great, blessed man. Can't complain, yo, man. 0:02:14.720 --> 0:02:16.600 We gotta make it back to age down, that's a fact. 0:02:16.680 --> 0:02:17.480 Yeah, we can't wait. 0:02:18.000 --> 0:02:19.440 It was. It was, it was too short. 0:02:21.360 --> 0:02:23.560 That was our first time. It was definitely a memorable one. 0:02:23.600 --> 0:02:26.080 The right and then COVID hit right before you all 0:02:26.120 --> 0:02:27.760 were coming back, right, Yeah, we was. 0:02:27.800 --> 0:02:29.400 We was talking to you, man, I was talking to you, 0:02:29.480 --> 0:02:31.480 trying to work out like venues and eights and all that. 0:02:31.520 --> 0:02:33.520 Then she was like they had the rodeo going on, 0:02:33.639 --> 0:02:35.480 and there was a bunch of stuff. We had to 0:02:35.480 --> 0:02:38.080 push it back because we had Philly and we actually 0:02:38.120 --> 0:02:39.960 could we couldn't get either one off. We had to 0:02:40.000 --> 0:02:43.440 cancel Philly like two days before, and Houston was supposed 0:02:43.480 --> 0:02:46.720 to be after Philly. So yeah, God willing whenever this 0:02:46.760 --> 0:02:50.639 thing clears up finally, Man, coming back to Houston, full 0:02:51.400 --> 0:02:52.320 full steam ahead. 0:02:53.000 --> 0:02:54.720 Gotta make it happen, Man, gotta make it happen. 0:02:54.760 --> 0:02:55.840 We had a good time out there. 0:02:55.880 --> 0:03:01.280 Chris shout out to Ahetown. Man, shout out at Ashtown 0:03:01.400 --> 0:03:04.480 for sure. Man. So yeah, man, we're gonna just, you know, 0:03:04.560 --> 0:03:07.320 let people settle in here. But once again, thank you 0:03:07.400 --> 0:03:11.040 for joining us. I feel like, you know, we just 0:03:11.080 --> 0:03:13.120 shot your episode. It's crazy how time flies. 0:03:13.160 --> 0:03:15.840 That was man. Yeah really but man, just watching the 0:03:15.840 --> 0:03:18.560 trajectory of ey L Man, it's been it's been phenomenal 0:03:18.560 --> 0:03:18.839 to watch. 0:03:18.919 --> 0:03:19.040 Man. 0:03:19.040 --> 0:03:19.959 I'm like the biggest fan. 0:03:20.480 --> 0:03:22.960 Yeah, man, we shot that, We shot your episode. We 0:03:23.040 --> 0:03:27.800 went to we did our Houston open house in a sense, 0:03:27.880 --> 0:03:30.880 really meet and greet. I was like, yo, man, we 0:03:30.919 --> 0:03:31.919 got a special one with you. 0:03:33.040 --> 0:03:34.040 I love that. 0:03:36.040 --> 0:03:36.360 Yeah. 0:03:36.400 --> 0:03:39.200 That was that was dope, man, that was dope. So Yeah, 0:03:39.240 --> 0:03:42.120 if anybody's not familiar Chris Senegal a legend in his 0:03:42.200 --> 0:03:46.000 own right episode thirty six and earlyer Lisia, you should 0:03:46.000 --> 0:03:49.560 definitely check that outf you get a chance. So at 0:03:49.600 --> 0:03:51.880 the time, this is actually dope because at the time 0:03:52.600 --> 0:03:55.680 he was like in the process of like he brought 0:03:55.720 --> 0:03:57.560 a whole block in Houston. So I won't go over 0:03:57.600 --> 0:03:59.920 the whole story because it's in the episode. So how 0:04:00.320 --> 0:04:03.000 is that. You know, he was a real estate developer, 0:04:03.120 --> 0:04:05.880 and then he brought a whole block in Houston, Texas 0:04:05.880 --> 0:04:08.520 in the fifth Ward, which at the time was run 0:04:08.560 --> 0:04:16.039 down like prostitution, drugs, stuff like that, and he changed 0:04:16.040 --> 0:04:17.880 the whole the whole face of the block and he 0:04:17.920 --> 0:04:21.479 put like townhouses up. But what makes him different is 0:04:21.520 --> 0:04:24.839 that he's not just you know, bringing people in, just 0:04:25.400 --> 0:04:27.840 you know, gentifying the neighborhood. So what happens a lot 0:04:27.880 --> 0:04:31.200 of times and being poor, working class neighborhoods is that 0:04:31.279 --> 0:04:33.520 you know, people do well for themselves, Right, they grow 0:04:33.600 --> 0:04:35.920 up in the neighborhood, but they might become a doctor, 0:04:35.920 --> 0:04:39.039 a lawyer, accountant, or whatever. Right, maybe they get a 0:04:39.080 --> 0:04:42.599 six figure job and then they move into the suburbs. 0:04:43.520 --> 0:04:45.960 So the problem with doing that is that now, as 0:04:45.960 --> 0:04:48.600 we put in the post today, the suburbs the dollars, 0:04:49.040 --> 0:04:52.000 it helps their school district, that helps their roads that 0:04:53.640 --> 0:04:59.240 you know, their infrastructure. And meanwhile the hood place you 0:04:59.240 --> 0:05:01.880 grew up in, I gets that. But what does come 0:05:02.160 --> 0:05:05.080 is that now people that are not from that neighborhood 0:05:05.400 --> 0:05:09.240 come into that neighborhood and then they start investing. And 0:05:09.279 --> 0:05:11.640 now what happens is that the people that the culture 0:05:11.760 --> 0:05:14.279 actually changes and the people gets pushed out. So he 0:05:14.400 --> 0:05:17.200 had the idea, like to say, okay, well, why don't 0:05:17.200 --> 0:05:19.760 we bring the people that are originally from this neighborhood. 0:05:19.760 --> 0:05:22.039 They got families in this neighborhood that grew up in 0:05:22.040 --> 0:05:24.839 this neighborhood or just grew up in similar type of neighborhoods, 0:05:25.600 --> 0:05:29.960 and bring them back. Right, so working class professionals instead 0:05:29.960 --> 0:05:32.960 of going to the suburbs, come back into the inner city, 0:05:33.360 --> 0:05:35.760 and let's change the culture of it, like let's get 0:05:35.760 --> 0:05:37.880 better schools, let's get you know, let's make it a 0:05:37.920 --> 0:05:41.240 safe environment, let's do all that, but let's do it responsibly. 0:05:41.360 --> 0:05:44.280 So he was like the first person that we really 0:05:44.279 --> 0:05:48.760 interviewed that had that strategy. And so from now and 0:05:48.760 --> 0:05:51.440 I'll let him tell it better than I can. But 0:05:51.440 --> 0:05:56.919 from that point until now he brought and sold. He 0:05:56.960 --> 0:05:59.720 built and sold five homes. He started working on eight. 0:06:00.720 --> 0:06:03.839 He started, he's starting working on eight next month. He 0:06:03.920 --> 0:06:08.880 purchased eighteen houses in two commercial buildings in March, and 0:06:09.040 --> 0:06:13.120 so he's actually like in the process of actually buying 0:06:13.200 --> 0:06:14.760 back the block in real time. 0:06:15.000 --> 0:06:18.120 So it's fitting because shout out, shout out to Houston. 0:06:18.200 --> 0:06:19.520 But like when I think of Houston, I think a 0:06:19.600 --> 0:06:22.240 scarface and his knee had to saw my block. Yeah, 0:06:22.320 --> 0:06:24.720 I'm looking like, yo, Chris really did it. And this 0:06:24.839 --> 0:06:26.640 whole happens when we went there. We stayed in the 0:06:26.640 --> 0:06:29.880 fifth ward, third ward door door World, third Ward, and 0:06:29.920 --> 0:06:31.440 I was like, yo, I remember one day we lost 0:06:31.440 --> 0:06:33.440 I thought we lost Shotty. I was like, yo, broo, 0:06:33.600 --> 0:06:36.599 anybody seem shoty And yeah, we couldn't find him. Be like, yo, damn, 0:06:36.640 --> 0:06:38.720 I think somebody followed us to the crib. Bro they 0:06:38.760 --> 0:06:42.000 got him. He's like walking like aimlessly down the block, 0:06:42.040 --> 0:06:43.360 like this is a nice neighborhood. He's like, you know, 0:06:43.400 --> 0:06:47.680 I just saw Chris Senegal. He's scouting. 0:06:48.880 --> 0:06:51.200 They thought I got kidnapped. We thought he got was 0:06:51.279 --> 0:06:53.960 running out the house, Like where is he? Where's he at? 0:06:54.080 --> 0:06:56.839 Like I'm like, yo, I just took a shoulder the neighborhood. Man. 0:06:58.480 --> 0:07:02.920 They literally thought I got kidnapped Houston, right. But but yeah, 0:07:03.040 --> 0:07:06.600 so Chris, So what we're going to do is I'm 0:07:06.600 --> 0:07:08.359 gonna let you go through your presentation all that, but 0:07:08.400 --> 0:07:12.480 before we even start anything that I missed out as 0:07:12.480 --> 0:07:15.680 far as the backstory or where you're at now, as 0:07:15.680 --> 0:07:17.520 far as the development things of that nature. 0:07:18.040 --> 0:07:19.800 Man, you hit all important points. I mean, you know, 0:07:20.000 --> 0:07:22.840 we got two different projects. One is, you know, the 0:07:22.840 --> 0:07:25.640 new construction bringing in the higher incomes back to the community, 0:07:26.000 --> 0:07:29.000 and the other one is that eighteen house portfolio bought 0:07:29.080 --> 0:07:32.440 is specifically to protect the existing residents. You know, we 0:07:32.680 --> 0:07:34.559 can try to get the city to control the rents 0:07:34.600 --> 0:07:37.720 or whatever, talk about, you know, stopping gentrification, but we 0:07:37.720 --> 0:07:39.440 can't stop it. The only way you really control the 0:07:39.480 --> 0:07:42.119 rents is to own the real estate that the rents 0:07:42.160 --> 0:07:44.640 come from. And so that's been my focus, man, just 0:07:44.640 --> 0:07:47.280 trying to show that we can do both sides. So yes, 0:07:47.320 --> 0:07:48.960 I'll get into a little presentation. We'll talk about that 0:07:49.040 --> 0:07:49.200 in a. 0:07:49.200 --> 0:07:51.800 Second, all right, So let's get into it. So before 0:07:51.800 --> 0:07:54.920 we start, we're going to welcome everybody. So what we 0:07:54.960 --> 0:07:56.680 do we do this, We do this once a month 0:07:56.720 --> 0:07:59.680 at the end of the month. So we have eyl University, 0:07:59.800 --> 0:08:03.840 and part of Eyo University is that we do weekly classes. 0:08:03.840 --> 0:08:05.800 Like we do a class every single week every Wednesday 0:08:05.800 --> 0:08:08.240 at eight o'clock Eastern Standard time, and then at the 0:08:08.320 --> 0:08:10.880 last Wednesday of each month, we open it up for 0:08:10.920 --> 0:08:12.600 the public so they can like you know, have like 0:08:12.640 --> 0:08:14.240 an open house. It's kind of like an open house 0:08:14.240 --> 0:08:16.720 type deal. So what we do with the Eyo University 0:08:16.720 --> 0:08:19.480 classes is that different from the podcast where it's it's interactive. 0:08:19.560 --> 0:08:23.080 So a teacher or a presenter comes on and they 0:08:23.640 --> 0:08:26.360 they give like a twenty minute PowerPoint presentation on it 0:08:26.440 --> 0:08:29.840 on a different topics, and then members from Eyo University 0:08:29.880 --> 0:08:32.240 then they engage with them, they ask questions and it's 0:08:32.240 --> 0:08:34.080 like an interactive it's a new way of learning. So 0:08:34.400 --> 0:08:37.360 what we did with Eyo University, we think is really 0:08:37.400 --> 0:08:40.240 create a personal finance school bigger than just investing, because 0:08:40.240 --> 0:08:41.920 it's like you could just watch market Mondays just for 0:08:42.000 --> 0:08:45.600 investment tips, but Eyo University is a whole personal finance school. So, 0:08:45.640 --> 0:08:49.280 like this month, the classes that we had was disability insurance. 0:08:49.720 --> 0:08:52.080 We had how to start a marijuana company with two 0:08:52.080 --> 0:08:56.240 thousand dollars, and we had car buying class. And then 0:08:56.400 --> 0:08:59.360 next next Wednesday, we have the class about Africa real estate. 0:08:59.600 --> 0:09:02.240 How do it invest in Ghana real estate? International real estate? 0:09:02.280 --> 0:09:04.160 So we got a lot of international people and we 0:09:04.200 --> 0:09:06.200 want to start doing more international stuff. But even if 0:09:06.200 --> 0:09:09.000 you live in America, Ghana is on fire right now. 0:09:09.080 --> 0:09:10.760 So each and every week we do we do a 0:09:10.760 --> 0:09:11.360 different class. 0:09:11.400 --> 0:09:13.880 November we got some heat coming. Yeah, we got some heat. 0:09:14.000 --> 0:09:15.640 And then in addition to that, we got the book 0:09:15.640 --> 0:09:17.400 and movie club yep, headed up by you. 0:09:17.720 --> 0:09:19.680 Yeah yeah. Right now we're doing a money Master of 0:09:19.679 --> 0:09:22.440 the Game and that's been going crazy every week. I mean, 0:09:22.480 --> 0:09:23.840 I think we hit a record last week. We had 0:09:23.880 --> 0:09:25.720 like almost four hundred people in our book club. It 0:09:25.760 --> 0:09:27.720 was absolutely amazing. And it's more than a book club. 0:09:27.760 --> 0:09:31.320 It becomes like this therapeutic session on finance and real estate, 0:09:31.360 --> 0:09:35.040 and then it becomes like, Yo, I found my partners. 0:09:35.240 --> 0:09:38.240 Inside of that, we have what we call triads, which 0:09:38.280 --> 0:09:41.160 is like three people that are finding the ways that 0:09:41.200 --> 0:09:44.679 they have in common and becoming accountability partners for each other. 0:09:45.240 --> 0:09:46.960 So it's like yo, that could be my business partner, 0:09:47.000 --> 0:09:49.040 or could just be somebody that's pushing me to find 0:09:49.040 --> 0:09:50.839 my goals or reach my goals. And what we've noticed 0:09:50.880 --> 0:09:53.959 is like, this is dope. It's like sometimes you tell 0:09:54.000 --> 0:09:55.840 the person close to you your goals and they don't 0:09:55.840 --> 0:09:57.640 believe in you. But when you tell a stranger of 0:09:57.640 --> 0:09:59.319 your goals, all they know is your goals. They don't 0:09:59.360 --> 0:10:01.360 know anything about out you but the goal, and they 0:10:01.440 --> 0:10:02.720 try to help you reach. And I think that's one 0:10:02.720 --> 0:10:04.840 of the beautiful things that we find inside of our 0:10:05.040 --> 0:10:07.040 accountability triad. So it's dope. 0:10:07.160 --> 0:10:09.280 Yeah, So we got that. Then we got the private 0:10:09.360 --> 0:10:11.439 Facebook group, which is an investment group, and that's a 0:10:11.480 --> 0:10:15.000 community within itself, over four thousand members in there. And 0:10:15.040 --> 0:10:18.440 then we have bi weekly real estate calls and Mortgage 0:10:18.440 --> 0:10:21.960 God every other Sunday, MG he gets on it. It's 0:10:22.000 --> 0:10:24.360 just like a two hour, three hours, sometimes even four 0:10:24.400 --> 0:10:26.800 hour just real estate call and they just talk about 0:10:26.800 --> 0:10:28.600 a variety of different real estate calls. And then once 0:10:28.640 --> 0:10:31.400 a month I do financial planning calls. Everybody knows I'm 0:10:31.440 --> 0:10:33.200 a financial advisor. And what happened is that I put 0:10:33.200 --> 0:10:35.440 my schedule up and it just became too much. It 0:10:35.440 --> 0:10:38.040 became overwhelming for me to actually take calls, so I 0:10:38.120 --> 0:10:39.960 limited that and I realized that a lot of people 0:10:40.000 --> 0:10:42.400 had the same question. So every single month, sit down 0:10:42.440 --> 0:10:45.640 for about two hours on a Saturday and we talk 0:10:45.679 --> 0:10:49.239 about financial planning and go over different stuff life, insurance, retirement, 0:10:50.040 --> 0:10:53.199 you know, just different financial planning topics. So all of that, 0:10:53.320 --> 0:10:55.160 and then we have orientation orientation. 0:10:55.240 --> 0:10:57.920 Yeah. Yeah, So every month now that we get new 0:10:57.960 --> 0:10:59.920 earners coming in and were treating us like the school, 0:11:00.120 --> 0:11:03.640 Eyo University, we have orientation. So some people get they 0:11:03.679 --> 0:11:06.160 come into and they're just like overwhelmed by the information because, 0:11:06.200 --> 0:11:08.440 like I said, we're not just cappin when we're telling you, 0:11:08.440 --> 0:11:10.240 like there's a lot of courses, a lot of content. 0:11:10.760 --> 0:11:12.760 So we have an orientation that can help you and 0:11:12.800 --> 0:11:15.440 guide you through that process, walk you through it, find 0:11:15.480 --> 0:11:17.440 a track for you, right cause some people may say, 0:11:17.440 --> 0:11:19.600 like real estate is not my thing, Well we got 0:11:19.720 --> 0:11:21.840 over seventy courses, what is your thing? And so you 0:11:21.880 --> 0:11:23.840 find the track and you follow it. And that's kind 0:11:23.880 --> 0:11:26.240 of what makes it dope about having accountability partners and 0:11:26.240 --> 0:11:28.320 triads is that you're going to find people who are 0:11:28.320 --> 0:11:31.520 on similar tracks. So everybody's pushing forward in the same direction, 0:11:31.559 --> 0:11:32.640 whatever direction you choose. 0:11:32.720 --> 0:11:34.679 Yeah, that's a fact. So yeah, so I say, I 0:11:34.679 --> 0:11:36.520 have to say, this is like open house. Once a month, 0:11:36.559 --> 0:11:39.760 we do this open house situation, and it's a lot. 0:11:39.760 --> 0:11:43.240 It's a lot. So the reason why, like the price 0:11:43.320 --> 0:11:45.480 keeps going on and it's still undervalue. It's three hundred 0:11:45.480 --> 0:11:47.920 and sixty dollars for the entire year, but we're adding 0:11:48.000 --> 0:11:50.720 to it. So it's an ongoing thing. So as we 0:11:50.760 --> 0:11:53.040 add to it, we have different overhead, we have staff, now, 0:11:53.080 --> 0:11:56.000 we have different you know. So this we have we're 0:11:56.040 --> 0:11:59.199 running a promo hold forty percent off the whole entire 0:11:59.280 --> 0:12:02.520 year annual membership and three hundred and sixty dollars, which is, 0:12:02.559 --> 0:12:05.560 like I said, that's like a night in Atlanta for 0:12:05.640 --> 0:12:08.120 twenty four hours, twenty four hours from from right now 0:12:08.200 --> 0:12:10.920 twenty four hours, and then after that you can still join. 0:12:11.000 --> 0:12:13.839 It's just you know, slightly higher membership. It's like a 0:12:13.840 --> 0:12:15.920 stock once you get in. Some people got it are 0:12:16.000 --> 0:12:18.079 ninety nine dollars and it's only going up from there 0:12:18.080 --> 0:12:20.040 because it's just added value. We're gonna make this bigger 0:12:20.040 --> 0:12:23.160 than Phoenix University. This is going to be the biggest 0:12:23.160 --> 0:12:25.880 all Loine University in existence. So I'm gonna put the 0:12:25.920 --> 0:12:28.080 link in and it's only for the link. Can we 0:12:28.080 --> 0:12:29.760 try to make this as easy as possible. There's no 0:12:29.800 --> 0:12:31.840 code or anything, it's just the link. The link. I'm 0:12:31.840 --> 0:12:34.400 gonna pin the link in YouTube. It's in the description 0:12:34.840 --> 0:12:37.679 if you want to join forty percent off twenty four hours. 0:12:37.720 --> 0:12:39.240 So Chris, let's get into. 0:12:39.040 --> 0:12:42.880 It, all right, let's go. Let's go. Let me see, 0:12:42.920 --> 0:12:43.960 let me share my screen. 0:12:45.760 --> 0:12:47.760 Does he have to do something to share it or no? 0:12:47.840 --> 0:12:50.800 He's a host now? Okay, yeah, let me I got 0:12:50.840 --> 0:12:51.080 it here. 0:12:51.880 --> 0:12:53.760 Yeah, Chris is a tech guy, so I know he knows. 0:12:55.240 --> 0:13:01.760 Engineer in his own right. Chris is let's see, yeah, 0:13:01.800 --> 0:13:02.640 we see you over here. 0:13:03.120 --> 0:13:05.240 Okay, let me make sure it's not let me see 0:13:05.400 --> 0:13:06.400 slash over from beginning. 0:13:06.440 --> 0:13:06.840 There we go. 0:13:07.240 --> 0:13:11.840 All right, So how to buy the block? I appreciate 0:13:11.840 --> 0:13:14.120 the opportunity guys, for y'all to have me on today. 0:13:14.840 --> 0:13:17.080 This topic is very near and dear to me because 0:13:17.120 --> 0:13:19.960 I've been an investor since two thousand and eight. I 0:13:19.960 --> 0:13:22.520 did the typical fix and flip model at the wholesale model, 0:13:22.520 --> 0:13:26.200 and what I realized was that, man, sometimes it's such 0:13:26.240 --> 0:13:29.920 a capitalistic business, and you're trained by other capitalists that 0:13:29.960 --> 0:13:32.840 don't have the same background as you, that they'll train 0:13:32.920 --> 0:13:35.760 you do some things that actually sometimes can't hurt the community, 0:13:36.880 --> 0:13:38.520 or they'll teach you how to make money in the 0:13:38.520 --> 0:13:41.800 community but not actually own the community long term. And 0:13:41.840 --> 0:13:44.240 so for me, I just had an AHA moment one 0:13:44.320 --> 0:13:46.360 day and I had epiphany. I was like, well, you know, 0:13:46.559 --> 0:13:49.160 we're always talking about these things that happened in our neighborhoods, 0:13:49.160 --> 0:13:50.720 and I know other people that look like me that 0:13:50.760 --> 0:13:53.600 are investors, but nobody's really talking about how to tackle 0:13:53.640 --> 0:13:57.600 this challenge, this gentrification issue. How do we start controlling 0:13:57.600 --> 0:14:01.800 these neighborhoods again. So that's been missioned since about twenty twelve. 0:14:01.840 --> 0:14:03.679 In twenty thirteen when I bought that first block that 0:14:03.720 --> 0:14:06.600 you talked about. So let's just start with the definition 0:14:06.600 --> 0:14:09.360 of gentrification, the process by which a part of a 0:14:09.440 --> 0:14:12.280 city changes from being a poorer area to a richer 0:14:12.320 --> 0:14:16.320 one and people from a higher social class are beginning 0:14:16.400 --> 0:14:19.320 to move in. Usually, if no one advocates for the 0:14:19.360 --> 0:14:24.280 poorer residents, they become displaced. So let's get this out 0:14:24.320 --> 0:14:26.120 the way. I saw the post that y'all made earlier 0:14:26.160 --> 0:14:28.800 and I saw the comments under the post, and it's like, man, 0:14:29.160 --> 0:14:32.800 we all know the problems. We all know about slavery, 0:14:32.800 --> 0:14:35.520 we all know about red lining, we all know about 0:14:35.520 --> 0:14:38.200 all the other injustices that we have. At some point 0:14:38.240 --> 0:14:40.840 we got to start focusing on the solutions to these problems. 0:14:40.840 --> 0:14:44.360 And it's okay to regurgitate them, and it's okay to 0:14:44.360 --> 0:14:46.960 be a debater, it's okay to be a historian, but 0:14:47.040 --> 0:14:50.120 what about the future. And this quote by Will Smith 0:14:50.160 --> 0:14:52.360 when he first got on Instagram always resonates with me. 0:14:52.400 --> 0:14:54.520 It's like, it may not be your fault that something 0:14:54.560 --> 0:14:56.960 happened to you, but it's damn sure your responsibility to 0:14:57.000 --> 0:15:00.560 fix it. And so that's exactly where I am. So 0:15:00.640 --> 0:15:05.800 my mission changing their gentrification through redevelopment that balances the 0:15:05.800 --> 0:15:09.880 opportunity to attract higher income people originally from similar communities 0:15:10.440 --> 0:15:14.360 out of the suburbs while ensuring existing residents are not 0:15:14.400 --> 0:15:18.280 displaced in the process. So let's talk about revitalization and 0:15:18.280 --> 0:15:23.200 plus gentrification always a debate, okay. So everything has a 0:15:23.200 --> 0:15:26.240 life cycle, including a neighborhood. It has a life cycle, guys, 0:15:27.040 --> 0:15:29.720 So everything has to start over at some point or 0:15:29.760 --> 0:15:32.560 either it's just gonna die. You know, we can't just 0:15:32.760 --> 0:15:36.440 let everything stay where it is, So we either revitalize 0:15:36.480 --> 0:15:40.800 and have community controlled narrative or we stand back and 0:15:40.880 --> 0:15:43.320 let somebody else do it from the sideline, right, and 0:15:43.360 --> 0:15:46.400 then that's controlled specifically by outside groups that want profit, 0:15:46.440 --> 0:15:49.440 and that's what we usually associate with the term gentrification with. 0:15:50.280 --> 0:15:52.320 So then you know, like I said, I was doing 0:15:52.360 --> 0:15:54.680 this back in twenty and thirteen, twenty fourteen, but this 0:15:54.800 --> 0:15:57.440 trendy phrase came up, you know, about two years ago, 0:15:57.480 --> 0:15:59.320 called buying the block, and I'm like, okay, wait a minute, 0:15:59.320 --> 0:16:01.000 I guess I guess that to fine what I'm doing. 0:16:01.480 --> 0:16:05.920 So we are trying to acquire and control the redevelopment 0:16:06.040 --> 0:16:11.760 of real estate in our historic neighborhoods. So let's talk 0:16:11.760 --> 0:16:13.480 again about the problems we all know about and the 0:16:13.640 --> 0:16:17.520 history that we don't think to mention. Sometimes all these 0:16:17.520 --> 0:16:21.040 neighborhoods are disadvantaged for the most part, but they once 0:16:21.160 --> 0:16:24.440 thrived with people from all economic classes. And what do 0:16:24.480 --> 0:16:28.640 I mean by that, Well, before desegregation, all of those vacant, 0:16:29.160 --> 0:16:31.960 run down commercial buildings you see in these poor neighborhoods 0:16:32.160 --> 0:16:37.360 used to be vibrant businesses. The doctors, the lawyers, the carpenters, 0:16:37.400 --> 0:16:40.800 the movie theaters, the restaurants. Everything that we did not 0:16:40.840 --> 0:16:43.360 have the right to patronize in another community was in 0:16:43.400 --> 0:16:46.560 these communities, and we patronized all of those things. So 0:16:46.640 --> 0:16:52.760 let's not think about it as always been a horrible 0:16:52.960 --> 0:16:55.240 place to be. At one point in time, it thrived. 0:16:56.880 --> 0:16:59.520 Here's another thing to look at. Businesses like grocery stores 0:16:59.560 --> 0:17:03.360 are scarce in our communities, but when these neighborhoods thrived 0:17:03.640 --> 0:17:06.680 during that same timeframe, the businesses were actually owned by 0:17:06.680 --> 0:17:09.800 the people in the community and they were sustainable. So 0:17:09.880 --> 0:17:14.320 if it happened before, it can happen again. So my 0:17:14.400 --> 0:17:16.480 goal has been how do we how do we go 0:17:16.480 --> 0:17:18.600 in these neighborhoods. How do we buy the block and 0:17:18.640 --> 0:17:22.080 do it without displacing existing residents. So it took me 0:17:22.080 --> 0:17:23.679 about two or three years to really come up with 0:17:23.760 --> 0:17:26.280 a model that would work. I bought the property in 0:17:26.280 --> 0:17:28.040 twenty thirteen, but I really didn't know what I was 0:17:28.080 --> 0:17:32.359 going to do with it. And you know, eventually I 0:17:32.400 --> 0:17:34.879 came in and I put these key pieces together so 0:17:34.960 --> 0:17:36.520 we can go into the communities that we can invest 0:17:36.560 --> 0:17:39.480 in the vacant property in the abandoned property and the 0:17:39.560 --> 0:17:46.360 neglected property, the drug houses, the houses that attract criminal activity, right, 0:17:46.760 --> 0:17:49.240 not going on knocking on doors asking the seniors to 0:17:49.280 --> 0:17:51.840 sell their house, not taking advantage of people that are, 0:17:51.880 --> 0:17:56.359 you know, in desperate financial situations. Let's focus on these 0:17:56.400 --> 0:17:59.520 properties in the first bullet number one. Number two. Try 0:17:59.520 --> 0:18:01.480 to keep rates affordable. If you're going to go in 0:18:01.520 --> 0:18:05.320 the community and buy rental properties, Okay, what that means 0:18:05.440 --> 0:18:07.800 is sometimes you're taught go in and renovate it and 0:18:07.840 --> 0:18:09.920 make it as nice as possible, which means your investment 0:18:09.960 --> 0:18:12.760 has to be larger on the front end. In exchange, 0:18:12.800 --> 0:18:15.280 you have to demand more for the rent right. But 0:18:15.320 --> 0:18:18.520 if you can buy a rental property that's in decent 0:18:18.560 --> 0:18:21.120 condition and the tenant is happy with the way it is, 0:18:21.440 --> 0:18:23.399 you don't have to invest so much on the front end. 0:18:23.640 --> 0:18:25.639 You can still structure a deal where you get a 0:18:25.680 --> 0:18:28.360 good return if you're a good negotiator, where you buy 0:18:28.359 --> 0:18:30.119 it at the right price so then the person can 0:18:30.160 --> 0:18:33.680 stay right there where they are. The third component is 0:18:33.720 --> 0:18:35.920 one of the hardest components. How do we prevent home 0:18:35.960 --> 0:18:39.560 ownership loss due to higher taxes. That's going to be 0:18:39.600 --> 0:18:41.360 more of a political play where we have to get 0:18:41.400 --> 0:18:45.520 with politicians that do this and other It's already implemented 0:18:45.520 --> 0:18:47.439 in some cities where if you've owned your home for 0:18:47.520 --> 0:18:49.639 longer than a certain amount of time, you're an exempt 0:18:49.640 --> 0:18:53.520 from property tax increases. And so that needs to be 0:18:53.600 --> 0:18:55.560 something that we need to focus on in these communities 0:18:55.640 --> 0:18:58.520 to make this buy the block model really work without 0:18:58.720 --> 0:19:02.480 being a detriment to the community. Okay, So when is 0:19:02.520 --> 0:19:05.400 the right time to buy in these neighborhoods. Okay, here's 0:19:05.400 --> 0:19:07.600 a couple of key points. I'm not talking about a 0:19:07.600 --> 0:19:11.280 war zone. I'm not talking about anywhere it still is 0:19:11.320 --> 0:19:14.840 super hood, you know. We are talking about areas in 0:19:14.840 --> 0:19:20.240 the communities where there's already some sign of something positive happening. Okay, 0:19:20.960 --> 0:19:24.600 and just remember, even if you see an abandoned community 0:19:24.640 --> 0:19:26.840 that looks like it has a lot of potential. Bullet 0:19:26.920 --> 0:19:30.720 number two is very important. It's harder for you to 0:19:31.640 --> 0:19:34.320 spark this revitalization and get a return on investment if 0:19:34.359 --> 0:19:36.800 you are the only catalyst. You have to go in 0:19:36.840 --> 0:19:39.359 the communities where there's already something kind of going on 0:19:39.760 --> 0:19:41.640 and we still have an opportunity to step in front 0:19:41.640 --> 0:19:44.280 of it, and instead of trying to stop you know, 0:19:44.359 --> 0:19:47.399 the redevelopment and calling it gentrification. Let's participate in it. 0:19:47.480 --> 0:19:50.600 Let's control the narrative. Let's control parts of everything that's 0:19:50.600 --> 0:19:54.000 going on in the community. Okay, So things you want 0:19:54.000 --> 0:19:56.040 to look for when you see announcements of projects in 0:19:56.080 --> 0:20:01.000 the newspaper, on the news, city council meetings, from other 0:20:01.040 --> 0:20:03.040 people that are in real estate, that you know, people 0:20:03.040 --> 0:20:06.800 that are networking with developers or builders, people you know 0:20:06.800 --> 0:20:10.199 in your community that are investors. You know when you 0:20:10.240 --> 0:20:13.800 hear these types of announcements, and that lets you know 0:20:13.880 --> 0:20:18.000 something is coming. You know, the second Burger King figures 0:20:18.000 --> 0:20:20.320 out where McDonald's put a land purchase contract in, they're 0:20:20.359 --> 0:20:21.800 going to try to buy land right next to them 0:20:21.840 --> 0:20:24.960 right same thing with Walgerys and Cvs. So as the 0:20:25.000 --> 0:20:28.000 smaller guys in this play, as we're trying to independently 0:20:28.040 --> 0:20:30.240 control and buy back these blocks, we need to be 0:20:30.320 --> 0:20:33.480 following the big boys. You know it's gonna happen. We 0:20:33.520 --> 0:20:35.280 can't fight them, we can't stop them, so we might 0:20:35.320 --> 0:20:38.280 as well participate. Another good thing to look at as 0:20:38.320 --> 0:20:42.679 a city activity, uhh, when a city activity picks up 0:20:42.680 --> 0:20:46.679 in a neighborhood on the private real estate side, Okay, 0:20:46.880 --> 0:20:48.639 when a particular neighborhood where you didn't see a new 0:20:48.640 --> 0:20:50.960 construction before and now you start seeing for sale signs 0:20:50.960 --> 0:20:54.040 and you see active construction work going on, that's probably 0:20:54.080 --> 0:20:56.119 a good community, especially if it's one of our communities. 0:20:57.080 --> 0:20:58.560 That's a good time for you to start saying, Okay, 0:20:58.560 --> 0:20:59.800 this might be a neighborhood that I might want to 0:20:59.800 --> 0:21:02.080 look at trying to buy a block with okay, and 0:21:02.119 --> 0:21:05.320 then the city initiatives to spark redevelopment. That's on the 0:21:05.359 --> 0:21:08.040 public side. So when you see the city going into 0:21:08.080 --> 0:21:11.640 community and they're repaving streets and they're putting in sidewalks, 0:21:11.760 --> 0:21:14.760 and they're updating signs, and they're putting in bike paths, 0:21:15.000 --> 0:21:16.919 they're doing all of that because that's kind of the 0:21:16.960 --> 0:21:21.280 extent that the public the government can do to entice developers. 0:21:21.320 --> 0:21:23.720 They want developers to see this and investors to see 0:21:23.720 --> 0:21:25.520 this and say, Okay, this is a neighborhood I want 0:21:25.520 --> 0:21:28.280 to be in. So if you look for these signs 0:21:28.320 --> 0:21:30.720 before all the houses have gone up and before everything 0:21:30.760 --> 0:21:33.760 looks nice, these are neighborhoods that we should be trying 0:21:33.760 --> 0:21:36.120 to buy the block in, especially if there are communities. 0:21:37.440 --> 0:21:41.280 So how do we successfully execute buying back the block. Okay, 0:21:41.440 --> 0:21:45.639 So number one, when it comes to buying blocks, if 0:21:45.640 --> 0:21:48.720 you're going to do something bigger than individual houses, you 0:21:48.880 --> 0:21:51.240 don't want to get a big plan together. You don't 0:21:51.280 --> 0:21:53.040 want to spin your wheels on things if you do 0:21:53.119 --> 0:21:56.280 not have site control. Site control is the single most 0:21:56.320 --> 0:21:58.960 important part of that process, because what happens is you 0:21:59.000 --> 0:22:02.080 put this tremendous plan together and either the seller decides 0:22:02.119 --> 0:22:05.160 they don't want to sell, or you don't have all 0:22:05.240 --> 0:22:08.040 of the properties together that you need for the project, 0:22:09.119 --> 0:22:12.639 or they get wind of something else and they increase 0:22:12.720 --> 0:22:16.080 their price on you, and so all of these factors 0:22:16.160 --> 0:22:18.080 will end up with you doing all this work, all 0:22:18.080 --> 0:22:20.159 this planning, and then you have no property to actually 0:22:20.200 --> 0:22:22.640 use it for. So all that time and money is wasted. Right, 0:22:22.880 --> 0:22:25.000 So there's several ways you get site control. Number one, 0:22:25.400 --> 0:22:27.560 just make sure you have the property under a solid 0:22:27.640 --> 0:22:31.320 contract at a set purchase price with a certain timeframe 0:22:31.400 --> 0:22:35.000 on it. Okay, that way, if it's one piece of 0:22:35.040 --> 0:22:37.320 property that you need for this entire project, then you 0:22:37.400 --> 0:22:40.760 know you have control of that. Number two is kind of, 0:22:40.920 --> 0:22:44.440 you know, obvious outright purchase, but that's not practical in 0:22:44.480 --> 0:22:47.120 most situations, just going out and buying a whole block 0:22:47.160 --> 0:22:50.879 and paying for cash is not really practical. And then 0:22:50.920 --> 0:22:54.200 the third one is an option to purchase. So if 0:22:54.240 --> 0:22:56.119 you have a project that you want to that you 0:22:56.200 --> 0:22:59.840 want to take on, and let's say it's five or 0:22:59.840 --> 0:23:02.000 six different owners, seven different owners, and you don't know 0:23:02.040 --> 0:23:04.199 if all of them are gonna want to sell, You 0:23:04.240 --> 0:23:06.320 don't know if their price points are going to be 0:23:06.359 --> 0:23:08.360 reasonable if they do want to sell, what you want 0:23:08.400 --> 0:23:10.879 to do is execute options to purchase. And what that 0:23:11.000 --> 0:23:14.160 is is you go from owner to owner and you say, hey, 0:23:14.200 --> 0:23:17.199 mister owner, let's negotiate. Let's come to a price that 0:23:17.240 --> 0:23:19.760 we both agree on. I'm not buying your property today, 0:23:20.760 --> 0:23:23.119 but if you give me a year, you give me 0:23:23.160 --> 0:23:27.080 two years, and I can pull this thing together that 0:23:27.080 --> 0:23:29.679 I'm trying to do. You have to allow me to 0:23:29.720 --> 0:23:33.320 buy your property at this price. Okay. In exchange for that, 0:23:33.600 --> 0:23:35.680 I'm gonna give you this money. Could be one thousand dollars, 0:23:35.720 --> 0:23:37.840 could be five hundred dollars, whatever. Hey, if you never 0:23:37.840 --> 0:23:40.800 hear from them again, this is your thousand dollars, you know. 0:23:40.880 --> 0:23:44.280 But if I come back to you in a year 0:23:44.600 --> 0:23:46.960 and I'm ready to buy then we have to follow 0:23:46.960 --> 0:23:49.600 through on this contract, and so that allows you to 0:23:49.640 --> 0:23:53.080 control each individual partial until you get them all together 0:23:53.160 --> 0:23:56.560 for the project that you're trying to do. Okay, next 0:23:56.720 --> 0:23:59.760 most important step is planning and design, because you have 0:23:59.840 --> 0:24:02.359 to really understand what's going to take to pull this 0:24:02.480 --> 0:24:05.280 concept off that you're trying to implement. Now, if you're buying, 0:24:06.200 --> 0:24:07.879 if you're trying to buy more than one property in 0:24:07.880 --> 0:24:10.480 their rental properties, like I said earlier, and there's already 0:24:10.560 --> 0:24:13.040 tenants there, then you know this process is going to 0:24:13.080 --> 0:24:15.560 be a lot easier for you because you don't have 0:24:15.640 --> 0:24:18.000 a lot of work to do on the front end, right, 0:24:18.040 --> 0:24:21.199 You don't have a lot of expenses that in the 0:24:21.240 --> 0:24:23.520 real estate development world is called soft costs. These are 0:24:23.520 --> 0:24:26.560 things that are intangible, Like once you spend the money, 0:24:26.560 --> 0:24:29.200 the money's gone. Once you pay an architect for design work, 0:24:29.400 --> 0:24:32.760 whether the project gets started or not, that's gone, right, 0:24:34.040 --> 0:24:39.320 The permitting fees, paying for engineers, all that kind of stuff. Construction, 0:24:39.400 --> 0:24:40.760 of course, construction is going to be one of your 0:24:40.760 --> 0:24:43.160 biggest expenses because you want to make sure that while 0:24:43.160 --> 0:24:46.320 you have site control, you really understand what the cost 0:24:46.320 --> 0:24:49.239 of this entire project is going to be and then 0:24:49.280 --> 0:24:52.679 you want to make sure that planning and zoning and 0:24:52.760 --> 0:24:55.520 city ordinance or whatever in your area, and just the 0:24:55.920 --> 0:25:00.200 general city permit approvals are in place for you to 0:25:00.240 --> 0:25:03.280 be able to execute your project. And most importantly all 0:25:03.320 --> 0:25:06.639 of this is really that all of that comprises feasibility 0:25:06.960 --> 0:25:09.800 of rather buying this block and doing whatever you plan 0:25:09.840 --> 0:25:13.320 to do with it really makes sense. Okay. Now, so 0:25:13.400 --> 0:25:15.880 after you get site control and you've got a good 0:25:15.880 --> 0:25:17.840 plan together, then you have to figure out how you're 0:25:17.840 --> 0:25:19.920 actually going to take down the project and how you're 0:25:19.920 --> 0:25:23.720 going to start the project. So my number one go 0:25:23.800 --> 0:25:25.840 to is what's been working for me in Houston is 0:25:25.880 --> 0:25:29.879 seller financing. If I would have waited in twenty thirteen 0:25:29.920 --> 0:25:32.400 for a bank to tell me that I was bankable 0:25:32.880 --> 0:25:36.000 to buy a whole block, and I was waiting for 0:25:36.040 --> 0:25:38.040 a bank to tell me that a block in the 0:25:38.040 --> 0:25:41.120 hood was worth a certain amount of money when there 0:25:41.200 --> 0:25:44.080 was no recent sales and it was full of crime 0:25:44.320 --> 0:25:46.960 and drug infestation, you know, I would have never got 0:25:46.960 --> 0:25:49.400 that project off the ground. So but what happens when 0:25:49.440 --> 0:25:52.399 you go to somebody that owns the property outright, Okay, 0:25:52.520 --> 0:25:54.800 that means it's probably been in their family longer than 0:25:54.840 --> 0:25:58.080 thirty years, or maybe passed down from generation to generation, 0:25:58.760 --> 0:26:01.920 and they have the right, the free and clear right 0:26:02.040 --> 0:26:04.880 to do whatever they want the property. You can negotiate 0:26:04.920 --> 0:26:07.919 with them. And so for one of my properties, I'm 0:26:07.920 --> 0:26:09.439 gonna show you in a case study. One of them, 0:26:09.480 --> 0:26:11.520 I negotiate ten percent down to buy a whole block. 0:26:11.800 --> 0:26:13.080 The second one I had to come to the table 0:26:13.080 --> 0:26:15.879 with fifty percent of the agreed upon purchase price. But 0:26:15.920 --> 0:26:18.800 then you make payments to them instead of making payments 0:26:18.800 --> 0:26:21.520 to a bank, and they're not gonna check your credit score, 0:26:21.520 --> 0:26:23.159 they're not going to do a background check, they're not 0:26:23.200 --> 0:26:26.320 going to ask you about other things. Because when sellers 0:26:26.359 --> 0:26:28.920 finance something directly to you, they know that if you default, 0:26:29.040 --> 0:26:30.680 they can just take the property back and they can 0:26:30.760 --> 0:26:33.160 start the process over do the same thing again. Right, 0:26:33.480 --> 0:26:35.680 So that's a trick. Well that's not really a trick, 0:26:35.720 --> 0:26:37.679 but that's a technique that we need to implement more 0:26:37.720 --> 0:26:39.240 often when we're trying to get in our communities and 0:26:39.240 --> 0:26:42.240 do these things. So something else. If they don't agree 0:26:42.240 --> 0:26:44.080 to that, or if they do agree to that, but 0:26:44.119 --> 0:26:46.400 you don't have enough money for the down payment, start 0:26:46.440 --> 0:26:49.600 off with a small group of investors. Maybe I would 0:26:49.600 --> 0:26:52.440 always suggest you have somebody on your team that's experienced 0:26:52.720 --> 0:26:56.480 with investing, and you know, have them come on the 0:26:56.520 --> 0:27:01.800 team and help you through the process. How I highly 0:27:01.800 --> 0:27:04.199 suggest you don't do it if you're all newbies and 0:27:04.240 --> 0:27:06.560 you have nobody on a team, because what may seem 0:27:06.600 --> 0:27:08.080 like a good deal may not be a good deal. 0:27:08.760 --> 0:27:11.720 And then third is crowdfunding. Crowdfunding is what I did 0:27:11.720 --> 0:27:13.560 for one of my projects, but I didn't do a 0:27:13.600 --> 0:27:15.919 crowdfund until I'd been in real estate investing for almost 0:27:16.000 --> 0:27:19.240 thirteen years. Okay, so a lot of people ask about it. 0:27:19.280 --> 0:27:22.080 But when you take other people's money, you know, and 0:27:22.560 --> 0:27:25.640 you and you were trying to complete a project, all 0:27:25.680 --> 0:27:27.879 those bullet points before that got to be spot on 0:27:27.960 --> 0:27:30.399 because people are not giving you donations, they are giving 0:27:30.440 --> 0:27:33.919 you money, and they are expecting their money back and 0:27:33.960 --> 0:27:37.600 they're respecting a profit on top of that. So you know, 0:27:37.640 --> 0:27:39.240 you got to be really careful when you get in 0:27:39.320 --> 0:27:42.239 that round. And most importantly of all these things is 0:27:42.280 --> 0:27:45.119 the right team. You can have the right plan, you 0:27:45.119 --> 0:27:48.159 can have all every every box checked, but if you 0:27:48.200 --> 0:27:50.600 don't have the right team to execute on buying back 0:27:50.640 --> 0:27:53.800 the block, it would be very hard for you to 0:27:53.840 --> 0:27:58.320 be successful. Now, the most important key is that we 0:27:58.400 --> 0:28:00.000 all have to participate. And this is what I mean 0:28:00.080 --> 0:28:03.720 by that the investors need to be participating this. Okay, 0:28:03.960 --> 0:28:07.199 we need to be actively looking to buy in our communities. Okay, 0:28:07.960 --> 0:28:10.280 if you're a landlord, maybe you don't want to actually 0:28:10.320 --> 0:28:13.119 live in the community, but you have rental properties, you 0:28:13.160 --> 0:28:16.600 should be trying to control rental properties in these same neighborhoods. 0:28:17.480 --> 0:28:20.879 And you can maybe maybe one investor has bought the 0:28:20.920 --> 0:28:23.119 block and renovated the block, and now they're selling the 0:28:23.200 --> 0:28:26.359 homes to other people. Well, you as an investor should 0:28:26.400 --> 0:28:28.320 come in and buy some of the properties from that 0:28:28.400 --> 0:28:32.440 developer so that the ownership transfers from us to us. Right. 0:28:32.640 --> 0:28:35.639 And then you, as someone who looks like the community, 0:28:36.119 --> 0:28:38.000 should be looking out for people in the community and 0:28:38.080 --> 0:28:40.520 have a vested interest in not being a slumlord and 0:28:40.520 --> 0:28:43.000 taking care of the community. Of course, realtors play an 0:28:43.000 --> 0:28:46.280 integral part of this. Why because when you have buyers, 0:28:46.320 --> 0:28:49.920 when you have investors, when you have renters, you should 0:28:49.960 --> 0:28:53.920 be telling them about all of the investors, landlords, developers, builders, 0:28:53.960 --> 0:28:57.120 you know in the community and trying to steer them 0:28:57.120 --> 0:29:01.040 to these neighborhoods. First, once again, I'm not talking about 0:29:01.040 --> 0:29:05.200 war zones, okay, I'm talking about areas that there's already 0:29:05.280 --> 0:29:09.080 some sign of revitalization. And lastly, and most importantly, the 0:29:09.640 --> 0:29:12.760 regular buyers, like for my development that I'm show you 0:29:12.800 --> 0:29:15.560 in a second, all my buyers look like us, young 0:29:15.640 --> 0:29:20.400 working professionals. It's not as bad. It's not the hood 0:29:20.440 --> 0:29:23.440 that sometimes people say it is. You have to be 0:29:23.640 --> 0:29:27.280 very aware of what outside narratives are versus what's really there. So, 0:29:27.400 --> 0:29:30.160 as a buyer, if you're in a community and some 0:29:30.200 --> 0:29:32.760 of those other signs have already talked about are happening, 0:29:32.840 --> 0:29:35.120 if you see redevelopments starting, if you see a lot 0:29:35.160 --> 0:29:37.440 of activity in the community, if you see the city 0:29:37.480 --> 0:29:41.040 putting things in, guess what city's already got that neighborhood 0:29:41.080 --> 0:29:43.840 on their radar, even though it may not be perfect yet, 0:29:43.880 --> 0:29:47.080 it's coming. And usually what happens is we go to 0:29:47.120 --> 0:29:49.160 the community one day and it's the hood, and we 0:29:49.280 --> 0:29:51.640 go back a year later and it's a million dollar 0:29:51.680 --> 0:29:53.880 homes and we're like, what happened and we're mad it's gentrification. 0:29:53.920 --> 0:29:56.120 It's like, no, what really happened was from the time 0:29:56.160 --> 0:29:59.560 you left other people saw value in that community and 0:29:59.560 --> 0:30:02.640 they start buying. And not everybody's buying rental properties. People 0:30:02.640 --> 0:30:05.000 are really moving in that community. They're walking their dogs, 0:30:05.040 --> 0:30:09.120 they're riding their bikes, and their values are steadily going up, 0:30:09.600 --> 0:30:12.400 steadily going up. And then by the time we get 0:30:12.400 --> 0:30:14.400 wind of what's going on in the community, the prices 0:30:14.520 --> 0:30:17.200 so higo, we can't afford it, right, So that's usually 0:30:17.240 --> 0:30:22.840 what happens. So shut I know I'm talking a lot man. 0:30:22.920 --> 0:30:26.800 That I'm actually taking notes. 0:30:28.240 --> 0:30:30.840 Yeah, I hope everybody on YouTube please hit the like button, 0:30:31.160 --> 0:30:33.360 and I hope people greatly appreciate this because it's like 0:30:33.400 --> 0:30:35.520 nobody's doing this, like nobody, And that's the reason why 0:30:35.560 --> 0:30:38.080 we created Eyo University. Like I said, it's a it's 0:30:38.120 --> 0:30:40.600 a business school, but do you know you don't learn 0:30:40.640 --> 0:30:43.120 this stuff in business schools. And this is just the beginning, 0:30:43.160 --> 0:30:44.960 Like you still got more to talk about. But it's 0:30:45.000 --> 0:30:47.560 like people talk about by the buy back the block, 0:30:47.600 --> 0:30:49.960 what does that mean? What does that mean? 0:30:50.080 --> 0:30:50.200 Right? 0:30:51.640 --> 0:30:53.120 So this was like, all right, this is this is 0:30:53.120 --> 0:30:56.560 a step by step blueprint from somebody that has is 0:30:56.640 --> 0:30:59.440 actually doing it and has actually done it. So now 0:30:59.480 --> 0:31:01.040 I keep going Chris. 0:31:00.840 --> 0:31:04.000 Real quick so some of those signs, are there any 0:31:04.040 --> 0:31:08.160 other type of retail or commercial real estate that we 0:31:08.160 --> 0:31:09.760 should be looking for for a sign? And I know 0:31:09.800 --> 0:31:12.320 somebody in the chat said, yo, when you see a Starbucks. 0:31:11.880 --> 0:31:16.160 Or usually So that's not that we have a misconception about, right. 0:31:16.440 --> 0:31:19.360 So usually, like we get mad when grocery stores and 0:31:19.400 --> 0:31:23.320 those types of businesses leave the community, But those businesses 0:31:23.360 --> 0:31:27.040 have whole departments that before they buy, before they figure 0:31:27.040 --> 0:31:29.120 out where their location, their site selection team pulls the 0:31:29.160 --> 0:31:33.040 demographics and they say, what's the average income in this community? 0:31:33.320 --> 0:31:36.320 Do these people earn enough and do they have enough 0:31:36.360 --> 0:31:40.400 disposable income to support our business? Right, So, you're not 0:31:40.440 --> 0:31:43.120 going to see commercial signs going in until almost till 0:31:43.120 --> 0:31:45.800 it's too late, because all the incomes in that area 0:31:45.840 --> 0:31:48.160 are already going to be so high and they're going 0:31:48.240 --> 0:31:50.840 to be buying houses at such high prices, and you know, 0:31:51.040 --> 0:31:53.400 the prices continue to go up that it becomes priced 0:31:53.440 --> 0:31:57.320 out for us. So what the way development usually works 0:31:57.440 --> 0:32:00.920 is the rooftops come first, the house this come first. 0:32:01.600 --> 0:32:03.960 The new residents with the higher incomes come in first. 0:32:04.240 --> 0:32:05.760 And the only way you get ahead of that wave 0:32:05.840 --> 0:32:07.760 is by looking at those signs that I told you earlier. 0:32:07.920 --> 0:32:09.880 But yeah, it's almost almost like you can. 0:32:09.800 --> 0:32:10.400 See a Starbucks. 0:32:10.440 --> 0:32:11.160 It's almost too late. 0:32:11.480 --> 0:32:14.120 Yeah, they made me thinking, like whole foods don't end 0:32:14.200 --> 0:32:15.640 up in every neighborhood, you know what I mean. 0:32:15.600 --> 0:32:17.560 Right, they don't, and people don't speaking the whole foods, 0:32:17.560 --> 0:32:19.720 people don't realize, like a grocery store has the lowest 0:32:19.720 --> 0:32:22.120 profit margins of almost any business. It's usually three to 0:32:22.160 --> 0:32:24.600 five percent. So they're not going to go in the neighborhood. 0:32:24.880 --> 0:32:26.520 Even if the city gives them all the money to 0:32:26.520 --> 0:32:28.520 build the facility, they still have to They have to 0:32:28.560 --> 0:32:31.040 float every month. They got to be operating positive, right, 0:32:31.760 --> 0:32:34.320 So I mean the grocery store is the highest profitability 0:32:34.400 --> 0:32:37.920 is on the fresh produce, on the meats, and the 0:32:37.960 --> 0:32:41.280 stuff on the shelves. It's not really very profitable. So 0:32:41.280 --> 0:32:43.000 if you're in a community where people are buying everything 0:32:43.040 --> 0:32:44.920 off the shelf, in the cans and in the boxes, 0:32:45.160 --> 0:32:48.200 and you got this huge overhead from all these employees, 0:32:48.240 --> 0:32:49.840 and you got this huge overhead from. 0:32:49.720 --> 0:32:52.040 This huge lease you got, and you got this high 0:32:52.200 --> 0:32:55.880 utility bill, you know, it's highly unlikely that you're going 0:32:55.960 --> 0:32:57.440 to be profitable if you try to go into one 0:32:57.440 --> 0:33:01.200 of those neighborhoods for the sake of you know, social service, right, 0:33:01.640 --> 0:33:03.520 I mean they have to run a business at the end. 0:33:03.440 --> 0:33:03.800 Of the day. 0:33:04.320 --> 0:33:08.120 Yeah, And YouTube, if you could like this, two things 0:33:08.120 --> 0:33:10.320 I need from YouTube everybody, Like, we got nine hundred 0:33:10.320 --> 0:33:12.640 and ninety seven people. There's no reason why we shouldn't 0:33:12.640 --> 0:33:15.800 have nine hundred and ninety seven likes. If you didn't 0:33:15.880 --> 0:33:19.400 like it, just politely comment why you why you thought 0:33:19.440 --> 0:33:21.840 the information wasn't valuable enough to like, it doesn't even 0:33:21.880 --> 0:33:24.320 cost anything, doesn't even won't even burn a calorie. And 0:33:24.360 --> 0:33:27.120 then also share it with somebody, just going like this 0:33:27.160 --> 0:33:29.960 is life changing, generational changing information that you know, giving 0:33:29.960 --> 0:33:31.680 out right now, like, you know, share it with people, 0:33:31.880 --> 0:33:34.160 and shout out to mt the mortgage guy, and shout 0:33:34.160 --> 0:33:37.160 out to Brandon Rules legend himself, and shout out to 0:33:37.240 --> 0:33:39.120 Andre Hatchett, the first teacher that we ever had for 0:33:39.160 --> 0:33:41.960 Eyo University. That's my guy man, for sure. 0:33:42.480 --> 0:33:47.920 And what's the legends in Yeah. 0:33:46.160 --> 0:33:48.960 For sure for sure. So all right, Chris, And then 0:33:49.000 --> 0:33:51.200 somebody said on YouTube there was like a fifth warter, 0:33:51.280 --> 0:33:53.480 isn't the hood hood? Yeah, that's kind of the whole 0:33:53.480 --> 0:33:54.920 point of what he said. Like you don't want to 0:33:54.960 --> 0:33:58.480 go into the market slightly dangerous. You don't want to 0:33:58.760 --> 0:34:00.680 you don't want to invest in a four war zone 0:34:01.200 --> 0:34:03.400 like slightly dangerous. 0:34:03.840 --> 0:34:07.280 Yeah, yeah, I mean it's something where the you know, 0:34:07.320 --> 0:34:11.799 the criminal criminal activity is going down significantly and there's 0:34:11.840 --> 0:34:13.880 more police patrols coming and all that kind of stuff. 0:34:13.880 --> 0:34:17.400 You know, you have to be there. So that's the 0:34:17.440 --> 0:34:19.439 only way you really participated. And I understand the people 0:34:19.440 --> 0:34:22.600 that have, like young kids are feel uncomfortable in those situations. Yeah, 0:34:22.840 --> 0:34:25.080 I'm not saying I'm not forcing you too. I'm just 0:34:25.080 --> 0:34:28.839 saying with my projects, I have buyers that specifically chose 0:34:28.880 --> 0:34:31.440 to come from the communities and they have had zero issues, 0:34:31.480 --> 0:34:34.640 Like they have had not a single issue. So you know, 0:34:34.760 --> 0:34:36.799 it's all about perspective. And we talk about schools and 0:34:36.880 --> 0:34:39.680 education a lot. Thankfully in a big city like Houston, 0:34:39.680 --> 0:34:41.680 there's a lot of charter schools, a lot of private schools, 0:34:41.680 --> 0:34:44.840 so you have alternatives to the public school system until 0:34:44.840 --> 0:34:47.600 that public school system catches up in that neighborhood. But 0:34:47.719 --> 0:34:50.360 in the same time, you think about this, if you 0:34:50.440 --> 0:34:53.680 buy Okay, I'll give you an example. There was a 0:34:53.760 --> 0:34:56.600 lady that went to the third ward like the hood 0:34:56.600 --> 0:34:58.640 part of the Third Ward worse than where y'all stayed, 0:34:58.640 --> 0:35:02.120 but the first house had been renovated. Middle aged white 0:35:02.160 --> 0:35:04.200 lady was like one of the last people walking out 0:35:04.200 --> 0:35:06.200 of an open house. And my boy was there, and 0:35:06.200 --> 0:35:09.160 he said that ninety percent of people that walked through 0:35:09.160 --> 0:35:11.160 this open house in the hood part of the third 0:35:11.200 --> 0:35:14.719 were white. So he said that curiosity got the best 0:35:14.760 --> 0:35:16.560 of him, and he stopped her and asked her. He's like, 0:35:16.600 --> 0:35:19.520 why are you here and what attracts you to this area? 0:35:19.520 --> 0:35:21.759 And she's like, oh, I bought my house in the Heights, 0:35:22.080 --> 0:35:24.959 in which is another neighborhood that's been gentrified for about 0:35:25.080 --> 0:35:26.759 fifteen sixteen years. She's like, I bought my house in 0:35:26.760 --> 0:35:29.680 the Heights about fifteen years ago, and the neighborhood looked 0:35:29.680 --> 0:35:31.880 just like this, and my property value is going up 0:35:31.920 --> 0:35:33.719 three hundred thousand dollars, so I'm about to sell that 0:35:33.800 --> 0:35:36.160 house and come over here and do the same thing. 0:35:36.640 --> 0:35:38.200 And I'm like, well, man, imagine the more of us 0:35:38.239 --> 0:35:41.400 thought about that. Imagine what the average household income or 0:35:41.440 --> 0:35:44.200 the average average household networks would be for our community, 0:35:44.400 --> 0:35:46.319 and imagine how many of our children we could pay 0:35:46.360 --> 0:35:48.000 to go to college out the equity in our homes. 0:35:48.320 --> 0:35:51.960 We thought like that, that's a lot of information. That's 0:35:52.239 --> 0:35:54.480 a that's a gym right there, man, that's a gym 0:35:54.560 --> 0:35:54.919 right there. 0:35:54.960 --> 0:35:55.880 We got to get to Houston. 0:35:55.920 --> 0:35:58.120 Man, I can't wait to come back to here. 0:35:58.760 --> 0:36:04.960 Mister Dunlop, all right, I'm. 0:36:04.800 --> 0:36:07.960 Gonna run through the case studies real quick. So let's 0:36:07.960 --> 0:36:10.239 talk about fifth Ward. People talking about not the hoods, 0:36:10.239 --> 0:36:13.320 So let's go through it. So settling the middle eighteen hundreds, 0:36:13.320 --> 0:36:17.520 believe it or not, Middle eighteen hundreds to nineteen hundred, 0:36:17.560 --> 0:36:20.400 it was actually half It was mixed, uh white and black. 0:36:21.080 --> 0:36:23.640 It was annexed to the city eighteen sixty six. By 0:36:23.680 --> 0:36:26.920 nineteen hundred, it's a predominantly black neighborhood with thriving businesses. 0:36:28.680 --> 0:36:30.640 And don't believe it, let me show you. This is 0:36:30.680 --> 0:36:32.400 Lions Avenue. This is the same street that one of 0:36:32.400 --> 0:36:35.120 my projects was on. This this is from the fifties. 0:36:35.280 --> 0:36:38.440 On Lions Avenue. You see all types of businesses all 0:36:38.520 --> 0:36:40.200 up and down the street, and you see who's walking 0:36:40.239 --> 0:36:42.520 up and down the street. This was a segregated neighborhood 0:36:42.520 --> 0:36:44.879 at that point in time. Okay, this is the other 0:36:44.920 --> 0:36:47.560 way down the same street. I mean, I see tailors, 0:36:47.600 --> 0:36:50.680 I see movie theaters, I see pawn shops, you know, 0:36:50.719 --> 0:36:54.080 I see restaurants. Everything's in the community, right. But then 0:36:54.080 --> 0:36:57.920 in the nineteen sixties, when desegregation happened, two major freeways 0:36:57.960 --> 0:37:00.440 came through the community. Of course, all these negative packs 0:37:00.960 --> 0:37:03.279 caused a lot of disinvestment, and then some of the 0:37:03.320 --> 0:37:06.560 redlining impacts also hurt the community, and by the nineteen 0:37:06.600 --> 0:37:08.800 seventies there was a mass exodus of the majority of 0:37:08.840 --> 0:37:11.440 successful people. The business owners had a lot of them 0:37:11.440 --> 0:37:13.560 had closed up shops because the patronage had gone down, 0:37:13.640 --> 0:37:16.759 the customers had moved out, and so the communities no 0:37:16.840 --> 0:37:20.000 longer thrived. But what that did is that that opened 0:37:20.040 --> 0:37:22.640 up opportunity for other people to come into the community. However, 0:37:22.719 --> 0:37:25.080 these are some of the other highlights, like the picture 0:37:25.080 --> 0:37:28.800 at the bottom on the writers the first black hospital 0:37:28.840 --> 0:37:33.120 built in Fifth Ward, actually in Houston, that had we had, 0:37:33.520 --> 0:37:36.759 you know, recording studios. I mean, you know, these neighborhoods 0:37:36.760 --> 0:37:39.120 were thriving. So that that's the part that I want 0:37:39.120 --> 0:37:42.000 people to remember when we think about these neighborhoods. They 0:37:42.160 --> 0:37:43.960 used to be great. That if we had a black 0:37:44.000 --> 0:37:46.080 Wall Street in every city because we had to create 0:37:46.120 --> 0:37:50.040 our own. We couldn't we couldn't patronize other other neighborhoods. 0:37:51.000 --> 0:37:53.080 So this is the freeway that kind of came through. 0:37:53.080 --> 0:37:55.640 This is the same street in the same vicinity, like 0:37:55.680 --> 0:37:58.120 one block off. But you see now the only thing 0:37:58.160 --> 0:38:00.799 that's left. Thankfully, the churches are still there, but the 0:38:00.800 --> 0:38:05.000 neighborhood is a lot less activity going on, a lot. 0:38:05.040 --> 0:38:08.279 A lot of the buildings are going now. So this 0:38:08.360 --> 0:38:10.799 is the property that I bought, which is in fifth Ward. 0:38:11.040 --> 0:38:13.120 That's the same freeway that you see in the back 0:38:13.200 --> 0:38:16.600 on the left side, Highway fifty nine. So in twenty fourteen, 0:38:17.280 --> 0:38:18.800 I did what I was telling everybody to early. I 0:38:18.840 --> 0:38:20.880 was watching the city trend. I was watching the redevelopment 0:38:20.920 --> 0:38:23.800 and it was going counterclockwise around downtown. And this was 0:38:23.840 --> 0:38:27.839 the last neighborhood that had not been touched by redevelopment 0:38:27.920 --> 0:38:31.719 or gentrification. So I was able to negotiate with this 0:38:31.760 --> 0:38:36.080 owner to buy this entire block for half a million 0:38:36.120 --> 0:38:39.960 dollars and negotiate ten percent down. Okay, so I actually 0:38:40.000 --> 0:38:41.720 sold a couple of rental properties. I had an investor 0:38:41.719 --> 0:38:44.880 put in a little bit, and I took control of 0:38:44.920 --> 0:38:47.759 this property. Everybody thought I was crazy. This was still 0:38:47.760 --> 0:38:49.720 the bloody nickel at that point in time, But I knew. 0:38:50.120 --> 0:38:53.160 I knew just by watching the redevelopment trending, eventually it 0:38:53.239 --> 0:38:55.319 was going to come because this was like literally the 0:38:55.440 --> 0:38:58.840 last quadrant around downtown that had not been redeveloped. Okay, 0:38:59.200 --> 0:39:02.759 so I actually paid over market value. Here's why there 0:39:02.760 --> 0:39:05.200 were no sales. There was no comps. So if you 0:39:05.200 --> 0:39:07.440 look at the tax records, that's the all thing you 0:39:07.480 --> 0:39:09.719 can go off of. It had the whole property worth 0:39:09.760 --> 0:39:13.320 about three hundred and fifty thousand. But what I knew 0:39:13.960 --> 0:39:17.000 taking a calculated risk by watching the redevelopment. It's like, well, 0:39:17.040 --> 0:39:19.160 if I'm not paying cash for it, and I'm only 0:39:19.200 --> 0:39:23.319 giving him fifty thousand right now, and I'm financing it 0:39:23.360 --> 0:39:26.920 for twenty thirty years, it's highly likely that by the 0:39:26.960 --> 0:39:29.040 time I get even close to paying this off, the 0:39:29.160 --> 0:39:32.279 value will have caught up and exceeded it. So what 0:39:32.280 --> 0:39:34.160 that does is it almost put you in a position 0:39:34.160 --> 0:39:36.440 where you're like kind of partnering with the owners. You know, 0:39:36.520 --> 0:39:38.040 you're telling them you're gonna give him a little bit 0:39:38.040 --> 0:39:39.879 more over time than what the property is currently worth. 0:39:40.120 --> 0:39:43.000 But you have everything calculated, and you know that by 0:39:43.040 --> 0:39:45.600 the time you make whatever move you're gonna make, the 0:39:45.719 --> 0:39:47.600 value will have caught up and you will have equity 0:39:47.600 --> 0:39:53.680 on the back end. So okay, So I talked about 0:39:53.680 --> 0:39:57.560 this already, So twenty fourteen's when I bought it. Twenty 0:39:57.640 --> 0:40:00.480 sixteen the bet paid off sixt This is the south 0:40:00.560 --> 0:40:03.360 end of Fifth Ward. One of the biggest developers in 0:40:03.400 --> 0:40:06.080 Houston bought one hundred and thirty six acres that used 0:40:06.120 --> 0:40:08.600 to be KBR used to be the National Defense contractor, 0:40:09.320 --> 0:40:11.799 right next to downtown, right on the water and what 0:40:11.880 --> 0:40:14.160 we considered the hood. But of course they always find 0:40:14.239 --> 0:40:17.000 value when you know, when we don't find value, and 0:40:17.040 --> 0:40:20.000 they put this big plan together, do this massive project, 0:40:20.360 --> 0:40:23.720 and so that was the first catalyst in the community. 0:40:24.640 --> 0:40:27.920 So this again is this is the project site that 0:40:27.960 --> 0:40:31.200 they got. You see where downtown is and the stars 0:40:31.239 --> 0:40:32.880 where both of my projects are. So one of my 0:40:32.960 --> 0:40:36.160 projects is right here, the new construction townhome project where 0:40:36.200 --> 0:40:38.719 the grocery store is is right there. Now that's one 0:40:38.760 --> 0:40:42.520 mile radius. This one is like a little bit more 0:40:42.560 --> 0:40:44.360 than three quarters of a mile radius. 0:40:44.360 --> 0:40:45.279 What other project is? 0:40:45.800 --> 0:40:49.360 Okay, this is what's going to be built on that site. 0:40:49.360 --> 0:40:53.400 This is not speculation, this is what's going to be there. Okay, 0:40:53.400 --> 0:40:55.840 they've already they've already cleared all of the old buildings, 0:40:55.840 --> 0:40:58.040 they've already done all the underground different structure, they've run 0:40:58.080 --> 0:41:00.680 all the utilities. They did slow down a little bit 0:41:00.719 --> 0:41:03.440 because of COVID and some of the lumber prices and 0:41:03.440 --> 0:41:05.600 stuff going up, but the CEO said they're still moving 0:41:05.600 --> 0:41:09.040 forward with the project. So after that happened in twenty sixteen, 0:41:09.600 --> 0:41:12.799 here's another creative technique you can use. I talked the 0:41:12.840 --> 0:41:18.520 owner into converting from a owner finance note, which is 0:41:18.520 --> 0:41:22.040 like a mortgage note, to partnering with me. So what 0:41:22.080 --> 0:41:24.879 I said was, look, I still owe you like three 0:41:24.960 --> 0:41:28.880 hundred thousand. You can wait next twenty years to get it, 0:41:29.680 --> 0:41:31.880 or you can partner with me on this project and 0:41:32.160 --> 0:41:34.080 let me figure out how I can do some new construction, 0:41:34.640 --> 0:41:36.839 and then I can pay you out as I sell 0:41:36.840 --> 0:41:38.200 these houses on the back end, and you can be 0:41:38.200 --> 0:41:40.359 paid off in three or four years instead of waiting 0:41:40.400 --> 0:41:43.200 thirty years. Okay, So he agreed. So what did that do? 0:41:43.640 --> 0:41:45.960 That took the mortgage off of the property. So now 0:41:47.040 --> 0:41:51.760 I am the primary the primary partner. He's a limited partner, 0:41:52.480 --> 0:41:54.719 and I have this property. I can now go to 0:41:54.760 --> 0:41:56.120 the bank and say it's free and clear. I don't 0:41:56.120 --> 0:41:56.799 have any debt on it. 0:41:59.200 --> 0:41:59.480 Right. 0:42:00.120 --> 0:42:03.040 I used the property as collateral as I started shopping 0:42:03.040 --> 0:42:07.480 to get the loans to do the redevelopment. But the downside, 0:42:07.520 --> 0:42:08.920 of course, what I talked about earlier, I had to 0:42:08.920 --> 0:42:11.200 go through twenty three different lenders before I got approved. 0:42:11.239 --> 0:42:13.640 No matter how great my plan was, there was no 0:42:13.840 --> 0:42:18.640 established marketability in this neighborhood because there was no new construction. 0:42:19.640 --> 0:42:22.600 Even though the redevelopment was that close, it was really 0:42:22.640 --> 0:42:24.839 hard for me to find a lender that would that 0:42:24.880 --> 0:42:27.640 would partner with me on the project. So you know, 0:42:27.760 --> 0:42:30.120 I had a private investor come in and put in 0:42:30.239 --> 0:42:35.000 an IRA money two hundred and fifty thousand. She she's 0:42:35.080 --> 0:42:40.720 a young black check that worked for oil and gas company, 0:42:40.719 --> 0:42:42.480 worked for Shell for a while. She had a nice 0:42:42.520 --> 0:42:45.400 IRA that she was that she wasn't using. It was 0:42:45.440 --> 0:42:47.720 sitting in the stock market, and you know, I showed 0:42:47.719 --> 0:42:50.279 her division she believed in it, and she's like, okay, cool. 0:42:50.400 --> 0:42:52.640 I didn't take her money and spend it. I took 0:42:52.640 --> 0:42:54.440 it and put it in a bank account to show interest. 0:42:54.440 --> 0:42:56.759 Reserves to hope hopefully would try to sweeten the deal 0:42:56.800 --> 0:42:59.879 with the lender, Chris, not to cut you off, But yeah, 0:43:00.160 --> 0:43:00.360 we did. 0:43:00.520 --> 0:43:03.840 We did a class on self directed iras too University, 0:43:04.360 --> 0:43:06.279 and I'm not sure if that's the path you went, 0:43:06.360 --> 0:43:07.960 but a lot of people don't even realize that you 0:43:07.960 --> 0:43:10.880 could actually use your retirement accounts like an IRA to 0:43:11.000 --> 0:43:13.160 invest in real estate without paying taxes. So I just 0:43:13.160 --> 0:43:14.200 wanted to throw that in this and. 0:43:15.960 --> 0:43:17.759 That's exactly right. When you have a self directed IRA, 0:43:17.880 --> 0:43:20.239 you can invest in any asset that you choose, and 0:43:20.280 --> 0:43:24.040 it's literally self directed. You just have a company that's 0:43:24.160 --> 0:43:26.840 basically a custodian for you to help you check boxes. 0:43:26.880 --> 0:43:29.399 But yeah, you can. You can invest it however you want. 0:43:29.680 --> 0:43:34.440 So that's something that you can leverage in real estate. So, 0:43:34.600 --> 0:43:37.480 like I said, there's challenges with no new construction. Also, 0:43:37.560 --> 0:43:38.960 when I got ready to start the project, what I 0:43:38.960 --> 0:43:41.239 realized is, like a lot of these older neighborhoods, there's 0:43:41.239 --> 0:43:44.160 a lack of utility infrastructure. So this old grocery store 0:43:44.200 --> 0:43:47.439 didn't have much plumbing, you know, it wasn't drawing much electricity. 0:43:48.040 --> 0:43:49.600 And when I got ready to do my new project, 0:43:49.920 --> 0:43:51.719 I realized that the city was going to require me 0:43:52.040 --> 0:43:54.080 to update a lot of this infrastructure. So that's something 0:43:54.120 --> 0:43:55.520 that you got to think about if you're planning on 0:43:55.560 --> 0:43:59.080 doing projects on this scale. Something that you usually don't 0:43:59.080 --> 0:44:00.759 think about when you just flip in a house or 0:44:00.800 --> 0:44:04.880 building one or two houses on a lot, because usually 0:44:05.400 --> 0:44:09.080 that what you're building will not impact the infrastructure greatly. 0:44:09.080 --> 0:44:11.200 But when you're trying to do a bigger project, you 0:44:11.239 --> 0:44:15.000 do have to consider those things. So this talks about 0:44:15.000 --> 0:44:18.440 more twenty seventeen, now redevelopment. Remember that first neighborhood, I 0:44:18.680 --> 0:44:22.800 told you all about the Heights. Now see twenty seventeen. 0:44:22.800 --> 0:44:25.680 Three years later it's in the newspaper they calling Fifth 0:44:25.800 --> 0:44:27.000 or the New Heights. 0:44:29.000 --> 0:44:31.680 That's how it happens. Once they start renaming neighborhoods once 0:44:31.680 --> 0:44:35.960 I've seen Sobro. Yeah, so Bro, you know what Sobro is. No, 0:44:36.120 --> 0:44:40.360 it was that South Bronx South bron Yeah, that was 0:44:40.400 --> 0:44:42.799 one of the most dangerous neighborhoods, one of the most 0:44:42.800 --> 0:44:45.880 poorest neighborhoods in America, one of the most dangerous neighborhoods 0:44:45.880 --> 0:44:49.719 in America. It's still not the greatest, but when they 0:44:49.719 --> 0:44:52.319 started naming it Sobro and they put like a whole 0:44:52.400 --> 0:44:52.839 foods and. 0:44:52.800 --> 0:44:55.719 All of that, and it's like, all right, yep, and 0:44:55.760 --> 0:44:57.920 we don't say that because the official name for that 0:44:58.040 --> 0:44:59.680 for that south in the fifth one now they called 0:44:59.719 --> 0:45:01.960 it North Eto, which is east of downtown. 0:45:02.560 --> 0:45:05.080 Yeah. That's another that's another thing too, once you start 0:45:05.120 --> 0:45:08.719 to see names, because it's like even know how I 0:45:08.719 --> 0:45:14.560 think it was no North Manhattan no no. 0:45:13.520 --> 0:45:15.800 No no, that was Houston. 0:45:16.920 --> 0:45:19.640 No no, no, they had it. They try to rename 0:45:19.680 --> 0:45:26.439 Harlem something like North Manhattan no. Yeah. And so once 0:45:26.480 --> 0:45:28.880 they start to get funny with those names like so 0:45:29.040 --> 0:45:31.840 Bro no ho, that's like the hipsters. They trying to 0:45:31.840 --> 0:45:32.840 they try to rebrand it. 0:45:33.120 --> 0:45:35.600 They trying to rebrand the community. Those are part of 0:45:36.320 --> 0:45:38.239 you were talking about as a stigma, that the old 0:45:38.280 --> 0:45:39.600 name has a stigma, so they want to try to, 0:45:39.680 --> 0:45:40.600 like you said, rebranded. 0:45:40.800 --> 0:45:42.640 Yeah. So that that's part of the announcement. So when 0:45:42.680 --> 0:45:44.480 you were talking about announcements, when you start seeing things 0:45:44.560 --> 0:45:47.160 like that, I saw somewhere and you can correct me 0:45:47.160 --> 0:45:49.839 if if I'm wrong, but they named the Fifth World 0:45:50.000 --> 0:45:51.680 they have a cultural arts district. 0:45:52.200 --> 0:45:55.160 Yes, yes, Now now thankfully with this with this time, 0:45:55.239 --> 0:45:58.200 it was us doing that. So the fifth World Redevelopment 0:45:58.239 --> 0:46:00.760 Corporation did that Culture Arts District, and it's it's gonna 0:46:00.760 --> 0:46:02.280 be You're right, it's going to be the first African 0:46:02.280 --> 0:46:04.000 American culture Arts district in Houston. 0:46:04.320 --> 0:46:04.640 Perfect. 0:46:04.719 --> 0:46:08.400 Perfect, yeah, man, So that's what I'm saying. This neighborhood, 0:46:08.400 --> 0:46:11.440 they've been staying ahead of you know, not not playing 0:46:11.520 --> 0:46:13.279 victim and being behind. They've been in front of the ball. 0:46:13.320 --> 0:46:16.520 So it's been really good. So this goes back to 0:46:16.640 --> 0:46:20.120 this is the CEO recently in August, you know, amidst covid, 0:46:20.160 --> 0:46:22.319 just saying that the project is still going forward. Right, 0:46:22.960 --> 0:46:25.759 So this is that same block. This is the same 0:46:25.760 --> 0:46:29.239 block that showed you earlier. That's what it looks like. 0:46:29.280 --> 0:46:31.200 Now you're not sure that that's your blocks? 0:46:31.440 --> 0:46:32.279 That's your block, man? 0:46:33.520 --> 0:46:36.560 Now you pulled up on that. Yeah yeah, man, put 0:46:36.680 --> 0:46:38.160 put that, put the clap in the mode. I just 0:46:38.160 --> 0:46:40.279 wanted to know, you gotta celebrate that, man, because yeah, 0:46:40.280 --> 0:46:41.880 I wish we could do a side by side. But 0:46:42.239 --> 0:46:45.319 that block that he brought earlier, Yeah, let me. 0:46:45.280 --> 0:46:45.799 Go back to it. 0:46:45.880 --> 0:46:48.279 Yeah, can you go back to that? Yeah? So that 0:46:48.320 --> 0:46:52.640 block you brought, that block and then how many years later, uh. 0:46:52.520 --> 0:46:56.239 So twenty fourteen, and then two thousand, nineteen twenty eighteen 0:46:56.280 --> 0:46:59.399 when when I first started building them, So twenty nineteen 0:46:59.440 --> 0:47:00.960 they were the first three were done. I think that's 0:47:01.000 --> 0:47:04.759 when I was on y'all show last year, and you know, 0:47:04.920 --> 0:47:06.799 people told me that they were like, man, nobody's gonna 0:47:06.800 --> 0:47:08.320 buy that. You know, nobody's gonna want to live in 0:47:08.320 --> 0:47:10.480 the neighborhood. You know you're not gonna be able to 0:47:10.480 --> 0:47:12.239 get the prices that you're thinking you're gonna get for them. 0:47:12.600 --> 0:47:16.239 And I mean, I proved everybody wrong. I got I 0:47:16.280 --> 0:47:19.440 got full asking price. All the buyers looked like me, everybody. 0:47:19.840 --> 0:47:22.319 I didn't have to oversell anybody. There's enough of us 0:47:22.320 --> 0:47:24.400 that see the value of moving back to our communities 0:47:25.640 --> 0:47:28.200 that you know it's worth it. It's worth it's worth 0:47:28.239 --> 0:47:31.359 taking a shot, it's worth of rebuilding and bringing people 0:47:31.360 --> 0:47:32.279 back to the community. 0:47:32.560 --> 0:47:32.719 Man. 0:47:32.800 --> 0:47:35.760 One of one of the most powerful experiences I had 0:47:36.320 --> 0:47:39.439 was when I was under construction. It's two two black 0:47:39.520 --> 0:47:41.160 kids walked down the street, two boys, they were like 0:47:41.239 --> 0:47:44.040 maybe thirteen fourteen something like that, and they were like, man, 0:47:44.160 --> 0:47:47.920 you're building rent houses And I'm like no. He's like 0:47:48.200 --> 0:47:51.359 he's like, you work for the person that's building these. 0:47:51.480 --> 0:47:53.600 I'm like, no, I'm building them. He was like okay, 0:47:53.640 --> 0:47:56.759 he's like, who's gonna buy these? I was like, well, 0:47:56.800 --> 0:47:58.200 who you think is gonna buymb He's like, well, it 0:47:58.280 --> 0:48:00.000 looked like it looked like white people are gonna buy them. 0:48:01.320 --> 0:48:03.080 And I was like, man, you know, you know, well 0:48:03.080 --> 0:48:04.640 you'll be surprised, you man, I know there's people that 0:48:04.680 --> 0:48:06.800 look like you that can also afford these types of things. 0:48:07.160 --> 0:48:08.440 And I was like, I had two of them under 0:48:08.480 --> 0:48:10.319 contract that I was like, so, actually the first two 0:48:10.400 --> 0:48:12.759 buyers are people that come from a neighborhood just like 0:48:12.800 --> 0:48:14.880 you and went to college, and you know, they have 0:48:14.960 --> 0:48:17.360 good jobs now and now they're coming back and buying this. 0:48:17.680 --> 0:48:20.560 And they were like, man, we didn't know that was possible. 0:48:21.080 --> 0:48:24.480 But you know, that sounds it sounds kind of cliche, 0:48:24.600 --> 0:48:26.840 But there's kids in that community that now have a 0:48:26.880 --> 0:48:30.359 positive representation. They can see people that look like them, 0:48:30.400 --> 0:48:33.719 that's our age pulling out their driveways and Porsches and 0:48:34.440 --> 0:48:37.560 Audi's and BMW's. It looked like them. That's a representation 0:48:37.560 --> 0:48:40.160 they didn't have before. The only representation they had of 0:48:40.160 --> 0:48:44.719 successful people was illegal entrepreneurs. You know, but that's all 0:48:44.760 --> 0:48:46.120 a part of buying the block. Man, It's not just 0:48:46.120 --> 0:48:48.120 about you buying and you being an investor and just 0:48:48.160 --> 0:48:51.600 holding onto it. It's about creating opportunities like this as 0:48:51.920 --> 0:48:55.640 being in a development and building and enticing other people 0:48:55.640 --> 0:48:56.640 to come back to the community. 0:48:57.000 --> 0:48:59.040 So that's amazing. 0:48:59.760 --> 0:49:02.799 Yeah, So fast forward. This is fifth Ward. Now you 0:49:02.800 --> 0:49:05.480 see all these prices over here, right for four hundred 0:49:05.480 --> 0:49:08.120 thousand dollars. Now, when I bought that first block, you 0:49:08.120 --> 0:49:10.520 couldn't you couldn't sell a lot for twenty thousand dollars. 0:49:10.560 --> 0:49:13.400 It would just sit. But now you have all this activity, 0:49:14.080 --> 0:49:16.680 the yellow ones appending the green, the new listings, and 0:49:16.719 --> 0:49:18.760 there's a bunch of souls that are in the community. 0:49:19.200 --> 0:49:25.680 But four hundred thousand dollars, you know. And so this 0:49:25.719 --> 0:49:27.279 is one of one of the articles that they put 0:49:27.280 --> 0:49:29.080 me in the paper for just talking about my projects. 0:49:29.080 --> 0:49:32.040 This is not talking about the second project. So let's 0:49:32.040 --> 0:49:35.279 go back to the highway story. So this block right 0:49:35.320 --> 0:49:38.120 here is the second product. This is the eighteen houses 0:49:38.120 --> 0:49:40.759 I was talking about with the two commercial buildings. This 0:49:40.880 --> 0:49:43.839 is that same freeway once again, an infamous freeway. So 0:49:44.040 --> 0:49:46.280 you know, we can continue to talk about these things 0:49:46.360 --> 0:49:48.799 and complain about them, or we can say, okay, we 0:49:48.880 --> 0:49:50.759 know this is there, we know this happened. Now what 0:49:50.800 --> 0:49:53.560 are we going to do about it? Right, it's our 0:49:53.600 --> 0:49:57.000 responsibility to fix the problem. So the owners of this, 0:49:57.080 --> 0:50:00.200 the landlords, they had had this for about twenty years 0:50:00.719 --> 0:50:04.520 and they were ready to retire. So not all landlords 0:50:04.560 --> 0:50:07.400 passed property down. That's another myth. Real estate is not 0:50:07.480 --> 0:50:11.920 generational wealth unless you have taught your kids how to 0:50:11.960 --> 0:50:14.480 do systems and they see that it's worthwhile for them 0:50:14.480 --> 0:50:17.759 to take over that same investment, that same vehicle. In 0:50:17.760 --> 0:50:20.200 this case, the kids did not want to take over it, 0:50:20.600 --> 0:50:24.400 so the parents were told that they should sell it. Okay. So, 0:50:25.200 --> 0:50:27.000 and what would have happened if I didn't buy it, 0:50:27.040 --> 0:50:29.440 Because all that redevelopment, by the way, all those new 0:50:29.440 --> 0:50:31.080 town homes, if you see my cursor up in the 0:50:31.160 --> 0:50:34.520 left corner, that's right there, that's all new construction right there. 0:50:35.040 --> 0:50:37.960 So had I not bought it, an investor outside the 0:50:37.960 --> 0:50:39.880 community would have bought it, and they would done a 0:50:39.880 --> 0:50:41.719 couple of things. They would have came in and you know, 0:50:41.840 --> 0:50:45.400 did the deep renovations, you know, and then raised the rents. 0:50:45.400 --> 0:50:48.120 And if tenants can't afford it, oh well, or they 0:50:48.160 --> 0:50:49.600 would have held it for a little while decided to 0:50:49.600 --> 0:50:51.520 tear it down and build some new construction here. But 0:50:51.560 --> 0:50:54.080 for me, this was an opportunity to say, Okay, on 0:50:54.120 --> 0:50:56.479 that other block, I bought that old abandoned grocery store 0:50:56.480 --> 0:50:58.960 in that site, I brought new construction in. Now I 0:50:58.960 --> 0:51:00.560 can show the other side of it in the block. 0:51:01.080 --> 0:51:02.920 We can buy the block and make sure we preserve 0:51:04.400 --> 0:51:07.360 the lifestyles and the sense of normalcy that the residents 0:51:07.360 --> 0:51:09.960 have that have been here long term. So the way 0:51:10.080 --> 0:51:12.400 you can do a project like this, it is so 0:51:12.480 --> 0:51:14.759 close to redevelopment, it's so close to the catalyst that 0:51:14.800 --> 0:51:17.520 I talked about earlier, is that you can get your 0:51:17.520 --> 0:51:20.799 return on your investment through value appreciation. Okay, because this 0:51:20.880 --> 0:51:23.200 property value is going to go up significantly, so you 0:51:23.239 --> 0:51:26.800 don't have to worry so much about cash flow solely 0:51:27.080 --> 0:51:28.880 where you have to raise the rents astronomically to get 0:51:28.880 --> 0:51:32.440 the return. This property value is going to double or triple, 0:51:33.719 --> 0:51:36.279 but you know, conservative conservatively, I'm saying it's going to 0:51:36.280 --> 0:51:38.280 go up thirty to forty percent. But every other neighborhood 0:51:38.239 --> 0:51:41.239 that's been gentrified, lots that will worth two fifty. I mean, 0:51:41.480 --> 0:51:43.799 we're worth twenty five thousand, and now we're two hundred 0:51:43.840 --> 0:51:47.080 fifty thousand. So for this one, this is the one 0:51:47.120 --> 0:51:49.400 I actually got to do the crowdfund on. So what 0:51:49.440 --> 0:51:51.120 I did with the crowdfund, I'll go back to this flab. 0:51:52.360 --> 0:51:57.160 The crowdfund is once I negotiated with the sellers to 0:51:57.200 --> 0:51:59.360 the purchase price. They wanted one point five million for 0:51:59.440 --> 0:52:02.560 the whole block. I negotiated them down to one point 0:52:02.600 --> 0:52:05.320 two five So I negotiate them down a quarter of 0:52:05.360 --> 0:52:09.280 a million. And you know what happened was, since they 0:52:09.320 --> 0:52:12.360 were sellers and you know, they really didn't have accounting 0:52:12.440 --> 0:52:14.440 and all that kind of stuff, I told them, you know, 0:52:14.560 --> 0:52:17.920 even if you wanted to, if you wanted me to 0:52:17.920 --> 0:52:19.960 pay one point five for it, I couldn't go to 0:52:19.960 --> 0:52:21.560 a bank and get a one point five million dollar 0:52:21.640 --> 0:52:24.720 valuation because you don't, you know, there's no accounting records 0:52:24.719 --> 0:52:26.560 to show where the true revenue is for the property. 0:52:26.800 --> 0:52:28.799 There's not a lot of sales in the community. So 0:52:29.680 --> 0:52:31.560 you know what I would like to do is get 0:52:31.560 --> 0:52:34.000 you to, you know, come down a little bit off 0:52:34.000 --> 0:52:36.399 of that price and work with me over a few years. 0:52:36.480 --> 0:52:38.560 Let me establish the accounting records. Let me establish all 0:52:38.560 --> 0:52:40.919 these things, and then I can go back and refinance. 0:52:41.560 --> 0:52:45.800 And then once the bank sees the you know, the records, 0:52:45.800 --> 0:52:49.040 they can extract a true value for that entire block, 0:52:49.320 --> 0:52:51.600 and it'll be much easier for me to get them 0:52:51.600 --> 0:52:53.480 to give me six hundred and fifty thousand, which is 0:52:53.520 --> 0:52:56.719 half of the purchase price, then it would be for 0:52:56.760 --> 0:52:58.120 me to go and ask them for one point five 0:52:58.160 --> 0:53:00.920 million right now. And so that's the kind of conversations 0:53:00.960 --> 0:53:02.960 you have to have with sellers sometimes if you want 0:53:02.960 --> 0:53:05.880 to get creative, and they bought in, you know, so 0:53:05.920 --> 0:53:08.720 they owner finances, they wouldn't take ten percent, they wouldn't 0:53:08.719 --> 0:53:11.880 take twenty percent down so they wanted something significant, so 0:53:12.360 --> 0:53:16.000 fifty percent. So what I did with that was, first 0:53:16.000 --> 0:53:18.919 I secured a private investor that I knew that could 0:53:18.960 --> 0:53:23.480 back me on bringing the majority of that down payment 0:53:23.640 --> 0:53:26.400 to closing if I couldn't raise it. But once I 0:53:26.440 --> 0:53:29.279 secured that this is the opportunity that I decided it 0:53:29.320 --> 0:53:32.000 was okay to do a crowdfund with. Because the crowdfund, 0:53:32.000 --> 0:53:36.360 like I talked about earlier, it requires you to have 0:53:36.600 --> 0:53:40.799 all your your i's dotted and your tea's crossed because 0:53:40.840 --> 0:53:43.200 you're going to take outside people's money. And so with this, 0:53:43.600 --> 0:53:45.560 some of these residents in these houses have been living 0:53:45.600 --> 0:53:49.759 there for twenty years. Literally. There's there's mother daughters that 0:53:49.800 --> 0:53:51.920 live in separate houses on the property. There's niece and 0:53:52.000 --> 0:53:54.719 uncle that lived next door to each other. And you know, 0:53:54.760 --> 0:53:59.720 these are long term stable tenants, all all African American, 0:54:00.960 --> 0:54:05.080 some of them most of them actually all of them hardworking. 0:54:05.120 --> 0:54:06.799 I don't have there's no there's really no Section eight 0:54:06.800 --> 0:54:09.360 tens here. These are people that are just hardworking but 0:54:09.400 --> 0:54:14.600 on fixed incomes. Right, So for that, that made a 0:54:14.600 --> 0:54:16.439 good base case for me. It's like, Okay, there's long 0:54:16.520 --> 0:54:20.560 term stable revenue coming from the residential side of this property. 0:54:20.719 --> 0:54:23.759 These two commercial buildings over here were vacant, so that 0:54:23.800 --> 0:54:26.400 gives me upside, right, so I can buy it. No, 0:54:26.400 --> 0:54:29.040 I'm gonna have all this revenue, which is about nine thousand, 0:54:29.040 --> 0:54:31.319 almost ten thousand dollars a month coming from here, and 0:54:31.360 --> 0:54:34.040 then I can go in and renovate these two and 0:54:34.120 --> 0:54:35.920 bring in another seven eight thousand dollars a month in 0:54:35.960 --> 0:54:38.919 revenue on the commercial side. So that's what I did. 0:54:38.960 --> 0:54:41.880 So that's how I decided to package it up and 0:54:41.920 --> 0:54:45.480 I decided to do the crowdfund, and you know, I 0:54:45.480 --> 0:54:47.360 didn't know how successful the crowdfund was going to be, 0:54:47.840 --> 0:54:50.920 but it ended up being extremely successful. The most you 0:54:50.960 --> 0:54:54.200 can raise with this type of crowdfund and it's sec regulated, 0:54:54.360 --> 0:54:57.160 is a million and seventy thousand, and it took me 0:54:57.200 --> 0:54:59.359 seven months and we that we hit that goal. So 0:54:59.400 --> 0:55:01.799 that gave us an enough money to go in and 0:55:01.840 --> 0:55:07.040 renovate everything and pay off the short term debt with 0:55:08.160 --> 0:55:09.840 the bridge loan because I did have the close on 0:55:09.880 --> 0:55:11.600 it in March, which was before I had raised the 0:55:11.640 --> 0:55:14.120 full six hundred thousand, so I ended up using some 0:55:14.160 --> 0:55:16.560 of the private investors' money, but not all of it. 0:55:17.600 --> 0:55:19.200 So this is what the properties looked like before. Again, 0:55:19.200 --> 0:55:21.319 attendants had been there long term. They were happy with it. 0:55:21.560 --> 0:55:23.680 So what I did was I just to reinforce that 0:55:23.760 --> 0:55:26.399 we were there to protect them and you know, we 0:55:26.400 --> 0:55:29.120 were going to be good landlords. I went and I 0:55:29.160 --> 0:55:31.040 did some slight renovations to the property just to make 0:55:31.080 --> 0:55:32.920 them feel better. So this is what it looks like now. 0:55:32.960 --> 0:55:35.400 I came in, I did landscaping, I put screens on 0:55:35.400 --> 0:55:39.880 everybody's windows to help with their utility bills, and repainted 0:55:39.880 --> 0:55:41.960 everything just made it look nice and neat, and you 0:55:42.000 --> 0:55:44.719 can see the bottom picture actually repaved everything to give 0:55:44.719 --> 0:55:47.239 it a fresh new look. This is the status of 0:55:47.239 --> 0:55:49.200 one of the commercial buildings. So this is going to 0:55:49.239 --> 0:55:51.560 be short term pier space. So this is what looked 0:55:51.600 --> 0:55:54.480 like before. It looked like it was almost tear down worthy, 0:55:54.760 --> 0:55:56.480 you know, but we took it back to the bones 0:55:56.880 --> 0:56:00.239 and now this is what it looks like, what it 0:56:00.239 --> 0:56:04.520 looked like on the inside before. And so this is 0:56:04.520 --> 0:56:07.239 what it looks like now. This is what a couple 0:56:07.239 --> 0:56:09.040 of weeks ago the renovations, and this is closer. This 0:56:09.080 --> 0:56:10.960 is what it looks like now. So I'm almost done 0:56:11.000 --> 0:56:14.200 with it. You know. This is going to be so 0:56:14.560 --> 0:56:17.080 think of airbnb, be for business, uses short term business, 0:56:17.160 --> 0:56:20.759 uses event space or like office spaces, et cetera, et cetera. 0:56:21.520 --> 0:56:23.200 And then this is the other building. This is the 0:56:23.200 --> 0:56:24.840 building down here in the corner where we've got to 0:56:24.880 --> 0:56:27.719 gut it back to the studs and we're getting ready 0:56:27.719 --> 0:56:29.319 to bring it back. It's probably going to be an 0:56:29.320 --> 0:56:31.640 event space for now, and then we're probably gonna turn 0:56:31.640 --> 0:56:33.759 into a coffee shop in a year or two. We 0:56:33.800 --> 0:56:36.520 had coffee shops the original concept because of COVID. I 0:56:36.560 --> 0:56:40.520 don't want to take all that additional and additional capital 0:56:40.560 --> 0:56:43.560 and invest in something that may not secure a tenant 0:56:43.640 --> 0:56:45.880 right away. So it's something like event spaces where you 0:56:45.960 --> 0:56:48.160 just I'm just building it back out to basically what 0:56:48.200 --> 0:56:50.719 they call in commercial real estate, just a box, right, 0:56:50.760 --> 0:56:54.120 so white floors, white walls, and lighting and open space 0:56:54.160 --> 0:56:55.440 so people can rent it and use it like that 0:56:55.480 --> 0:56:58.040 and we can generate revenue off of it without having 0:56:58.040 --> 0:57:02.279 to have a significant investment. Yeah man, And this is 0:57:02.280 --> 0:57:04.480 this is what you're talking about, Troy, the Culture Arts district. 0:57:05.200 --> 0:57:07.440 So the whole street, this whole street with fifth word 0:57:07.440 --> 0:57:10.200 Community Development Corporation got disapproved to be a culture arts district. 0:57:11.520 --> 0:57:12.040 So yeah. 0:57:12.080 --> 0:57:15.040 So and this project, this crowdfunded project is right here 0:57:15.080 --> 0:57:17.120 in the heart of it, right off of the freeway. 0:57:17.440 --> 0:57:20.880 So that's another upside for having ownership in this community 0:57:20.880 --> 0:57:24.280 because there's gonna be a lot of uh, public money 0:57:24.320 --> 0:57:26.760 coming into the community now because it's a culture arts district. 0:57:27.240 --> 0:57:30.200 So yeah, man, So that's it. That's that's what I 0:57:30.200 --> 0:57:30.800 got for you. 0:57:30.960 --> 0:57:34.000 That's incredible appreciation. I asked, I asked Chris to put 0:57:34.040 --> 0:57:36.760 together a presentation. I didn't know he was going to 0:57:36.760 --> 0:57:41.120 do a whole that was that was extremely impressive. 0:57:41.200 --> 0:57:41.400 Man. 0:57:41.480 --> 0:57:44.160 I really, I really really really really appreciate that. That 0:57:44.280 --> 0:57:46.400 was that was extremely extremely impressive. 0:57:47.480 --> 0:57:50.320 Well appreciated man, much appreciated man. And trust me, I 0:57:50.320 --> 0:57:52.000 can go hours on each one of those slides, So 0:57:52.200 --> 0:57:53.160 I tried to keep it short. 0:57:54.200 --> 0:57:55.640 Now you know what the thing about it is, and 0:57:55.680 --> 0:57:57.520 we're gonna go into the best part of the whole 0:57:57.520 --> 0:57:59.959 situation when people get to ask questions and answer the question. 0:58:00.160 --> 0:58:03.200 But it's like, you know, we're in a political season 0:58:03.280 --> 0:58:06.000 right now, and obviously everybody should go out there and 0:58:06.080 --> 0:58:08.120 vote for, you know, whatever you think is the right 0:58:08.160 --> 0:58:12.320 situation to do. But nobody's coming to save you either way. 0:58:12.840 --> 0:58:15.720 And you can't rely on you can't rely on government programs. 0:58:16.120 --> 0:58:20.640 You can't rely on any type of you know, opportunity zone, 0:58:20.800 --> 0:58:23.840 government assistance to help build. Like at the end of 0:58:23.880 --> 0:58:28.840 the day, human human nature is self preservation and people 0:58:29.440 --> 0:58:34.760 people are tribal by nature and and and they look 0:58:34.760 --> 0:58:38.520 out for their own tribe. So it's unrealistic to expect 0:58:38.560 --> 0:58:44.000 anybody to come ah better our situation as a community. 0:58:44.280 --> 0:58:45.880 This is why we have to do it ourselves. So 0:58:46.440 --> 0:58:48.600 when we just you know, give you the whole blueprint 0:58:48.600 --> 0:58:50.760 about how he built, how he's buying back the block 0:58:50.800 --> 0:58:53.440 in Houston, Texas. He's doing it like hook a crook. 0:58:53.480 --> 0:58:55.720 And the thing about it is like when he when 0:58:55.760 --> 0:58:58.160 he he just laid out like two different things because 0:58:58.200 --> 0:59:01.280 like the first one he did just private money the 0:59:02.320 --> 0:59:05.280 woman that had the IRA and then he puts some 0:59:05.360 --> 0:59:08.320 money down. Then the second time he did the crowdfunding. 0:59:08.480 --> 0:59:10.680 So he's given you multiple different like on that first 0:59:10.760 --> 0:59:12.360 slide where it was like you can do it yourself, 0:59:12.400 --> 0:59:14.400 you can do a bank finance, and you could do crowdfunding. 0:59:14.400 --> 0:59:16.959 He's giving you different things and he actually did different things. 0:59:16.960 --> 0:59:20.240 And it's like it's not like he's coming from you know, 0:59:20.360 --> 0:59:22.600 millions of dollars and got a million dollar loan and 0:59:22.680 --> 0:59:24.480 bank loans and all that stuff. It's like we can 0:59:24.520 --> 0:59:27.000 make excuses or we can we can get it done, 0:59:27.080 --> 0:59:29.720 and we can you know, change the direction of our 0:59:29.880 --> 0:59:31.960 of our family and our legacy. And that's what I 0:59:32.000 --> 0:59:34.280 really like about you. It's like you're not making excuses. 0:59:34.800 --> 0:59:37.000 He's just out here just just doing it done. Man, 0:59:37.320 --> 0:59:37.800 got it done. 0:59:37.840 --> 0:59:40.400 We ain't throwing the word legend around lightly. Man, We're 0:59:40.440 --> 0:59:42.280 talking to a real legend, and I'm glad you said 0:59:42.320 --> 0:59:44.440 opportunities zone because Chris I heard you say something that 0:59:44.520 --> 0:59:46.920 I've never heard before, and we kind of explained with 0:59:47.000 --> 0:59:49.000 opportunities zones well and shout out to our brother MG 0:59:49.040 --> 0:59:50.680 to Marris Guy. We did a whole segment on that, 0:59:51.280 --> 0:59:53.280 but you said they kind of really don't benefit us 0:59:53.320 --> 0:59:55.720 obviously because you have to have capital gains. But you 0:59:55.760 --> 0:59:58.880 said something very interesting. You said the process of moving. 1:00:00.080 --> 1:00:02.240 This episode is brought to you by P and C Bank. 1:00:02.640 --> 1:00:05.400 A lot of people think podcasts about work are boring, 1:00:05.640 --> 1:00:09.480 and sure they definitely can be, but understanding a professional's 1:00:09.560 --> 1:00:12.800 routine shows us how they achieve their success little by little, 1:00:13.160 --> 1:00:16.840 day after day. It's like banking with P and C Bank. 1:00:17.280 --> 1:00:20.120 It might seem boring to safe plan and make calculated 1:00:20.120 --> 1:00:23.240 decisions with your bank, but keeping your money boring is 1:00:23.240 --> 1:00:26.600 what helps you live or more happily fulfilled life. 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Hiring Indeed is 1:02:47.720 --> 1:02:48.320 all you need. 1:02:48.840 --> 1:02:51.720 Bling your business into an opportunity zone could benefit us. 1:02:51.760 --> 1:02:53.080 Can you talk about that just a little bit. 1:02:54.200 --> 1:02:59.400 Yeah, So, so the way it works is, well, I 1:02:59.400 --> 1:03:01.760 think you have to acquire a business outside of an 1:03:01.760 --> 1:03:06.200 opportunity zone or you have to have investors. Okay, let 1:03:06.240 --> 1:03:08.160 me let me back up. So, yeah, so if you 1:03:08.240 --> 1:03:12.000 personally acquire a business that's outside of an opportunity zone 1:03:12.000 --> 1:03:13.920 and then you move it into an opportunity zone, you 1:03:13.960 --> 1:03:17.600 get the same tax benefits as the people that are 1:03:17.640 --> 1:03:21.720 investing in real estate in those zones. You can also 1:03:21.880 --> 1:03:26.240 have investors invest in a business for you to buy 1:03:26.680 --> 1:03:29.560 and then you relocate into an opportunity zone and those 1:03:29.560 --> 1:03:33.400 investors get those same tax benefits. And like you said, 1:03:33.440 --> 1:03:36.320 opportunity zones aren't really made for us because you have 1:03:36.360 --> 1:03:39.640 to have capital gains. So the way that you that 1:03:39.720 --> 1:03:42.800 you do benefit from it is you get investors to 1:03:42.840 --> 1:03:45.720 invest either in your real estate or your businesses. Get 1:03:45.720 --> 1:03:48.400 those those folks that do have capital gains to invest 1:03:48.440 --> 1:03:51.760 in your businesses. And then while you you may get 1:03:51.760 --> 1:03:55.240 a small portion of the actual returns from an investment, 1:03:55.720 --> 1:03:59.040 you know you you have the ability to leverage all 1:03:59.120 --> 1:04:01.440 of their capital for whatever project you're trying to get done. 1:04:02.360 --> 1:04:04.680 There, you have it, So we're gonna jump into it. 1:04:04.680 --> 1:04:06.160 Can you can you hang out with us a little 1:04:06.160 --> 1:04:09.200 bit longer? Yeah, definitely some question A So we're gonna 1:04:09.200 --> 1:04:11.280 we're gonna answer questions. So before we do that, anybody 1:04:11.280 --> 1:04:13.880 that came on late, So what we're doing right now, 1:04:14.160 --> 1:04:17.120 if you're wondering why we're doing like this special YouTube 1:04:17.160 --> 1:04:20.720 live Eyo University is a platform that we built and 1:04:20.840 --> 1:04:23.000 we do weekly webinars. We do this like we do 1:04:23.040 --> 1:04:26.120 classes like this every single week and every Wednesday at 1:04:26.120 --> 1:04:28.480 eight o'clock Eastern Standard, and the last Wednesday of the 1:04:28.520 --> 1:04:30.560 month we open it up to the public. We put 1:04:30.560 --> 1:04:32.840 it on YouTube, so it's like an open house, like, 1:04:32.880 --> 1:04:34.520 you know, we feel like the best way to kind 1:04:34.520 --> 1:04:36.640 of you know, put the product on display is for 1:04:36.800 --> 1:04:39.280 people to walk through try it out. Right. We have 1:04:39.400 --> 1:04:42.160 nothing to hide, so this is this is just what 1:04:42.200 --> 1:04:45.880 that is. So and outside of this, we do weekly classes. 1:04:45.920 --> 1:04:47.400 We got the book club, we got the movie Club, 1:04:47.400 --> 1:04:49.880 we got the Facebook Investment Group, we got biweekly real 1:04:49.960 --> 1:04:51.840 estate called a MG the mortgage guy, we got monthly 1:04:51.840 --> 1:04:54.200 financial planning calls with me. So we're really trying to 1:04:54.200 --> 1:04:56.240 build this out and to be like, like I keep 1:04:56.240 --> 1:04:58.880 saying Phoenix University because that's what I think about when 1:04:58.880 --> 1:05:02.240 I think about like online universities, I think, like everybody's 1:05:02.280 --> 1:05:04.080 kind of heard of Phoenix University, but I'm like, why 1:05:04.120 --> 1:05:07.840 can't EYL University be the flag bearer? And the way 1:05:07.960 --> 1:05:11.160 education is going now is like education is the only 1:05:11.160 --> 1:05:13.800 thing that can save you because it's like, you know, 1:05:13.880 --> 1:05:16.200 you you're trying to you know, you try to get 1:05:16.200 --> 1:05:18.760 a job, and it's it's good luck right now right, 1:05:18.880 --> 1:05:21.680 And it's like you know, self education, as Mickey Fax said, 1:05:22.160 --> 1:05:24.680 formal education can get you a portion, self education can 1:05:24.680 --> 1:05:26.600 make you a fortune. You're not gonna learn any of 1:05:26.600 --> 1:05:29.200 this stuff in any Ivy League Schoolie, you're not gonna 1:05:29.240 --> 1:05:30.920 learn any of this stuff in any Ivy League school. 1:05:30.920 --> 1:05:33.040 That's just a fact. It's not my opinion. It's a fact. 1:05:34.000 --> 1:05:36.040 And that has been told to us from hedge fund 1:05:36.080 --> 1:05:42.120 managers to VC capital firm owners, very high level intelligent people. 1:05:42.120 --> 1:05:44.400 They're like yo, with the information that you give. They're 1:05:44.440 --> 1:05:46.840 not teaching this in Stanford, like not at this level 1:05:46.880 --> 1:05:49.840 where people can understand it. For damn. They're free. So 1:05:49.920 --> 1:05:52.240 if you're interested in EYL University, like I said, this 1:05:52.280 --> 1:05:55.480 is an open house platform that we do once a month, 1:05:56.280 --> 1:05:59.320 and we're running a special promo cold forty percent off. 1:06:00.400 --> 1:06:02.400 The price goes up in twenty four hours, so eight 1:06:02.400 --> 1:06:04.680 o'clock tomorrow. But it's three hundred, like three hundred dolls, 1:06:04.680 --> 1:06:05.560 three hundred and foy dollars. 1:06:05.880 --> 1:06:07.640 Somebody just said that this class itself is worth the 1:06:07.640 --> 1:06:08.800 price for the whole. 1:06:08.760 --> 1:06:10.400 For the whole time. Yeah, it's like, you know, it's 1:06:10.400 --> 1:06:12.720 like the fact. What can you what can you do 1:06:12.760 --> 1:06:14.760 with that? That's like I said, that's a few bottles 1:06:14.800 --> 1:06:17.960 of Sarak, like one bottle of sarrock in the club. 1:06:17.760 --> 1:06:18.960 In the club a fact. 1:06:19.280 --> 1:06:19.840 That's a fact. 1:06:20.200 --> 1:06:21.560 Ain't no theories, ain't no gimmicks. 1:06:21.600 --> 1:06:21.720 Man. 1:06:21.720 --> 1:06:24.040 We're given it to you, real live from real life people. 1:06:24.120 --> 1:06:26.240 And there's no code because before a lot of people 1:06:26.320 --> 1:06:28.160 was asking about the code it was issued, so for 1:06:28.200 --> 1:06:30.400 twenty four hours we took the code off. But it's 1:06:30.400 --> 1:06:32.320 a special link. You can only use the link in 1:06:32.360 --> 1:06:35.640 the YouTube description or the link that's pinned in YouTube, 1:06:36.120 --> 1:06:38.080 So if you're watching it, that's the only way you 1:06:38.080 --> 1:06:39.920 can get that. It's not on the website. You got 1:06:39.960 --> 1:06:41.480 to go through that link. I'll put it in the 1:06:41.760 --> 1:06:44.200 chat again. But yeah, let's go to my favorite part. 1:06:44.280 --> 1:06:46.840 So this is the So the classes work like this 1:06:46.880 --> 1:06:49.760 where the presenter comes on and they present PowerPoint presentation 1:06:50.360 --> 1:06:55.080 and then afterwards the public EYO University members gets to 1:06:55.120 --> 1:06:57.280 ask them questions. And this is my favorite part because 1:06:57.320 --> 1:06:59.120 this is like mentorship in a sense where it's like 1:06:59.280 --> 1:07:01.600 you watch a pod cast and that's great. You get information, 1:07:01.720 --> 1:07:04.440 but people have questions. You try to d m these people, 1:07:04.560 --> 1:07:06.720 you know, it's hard for them to respond back. So 1:07:06.800 --> 1:07:09.439 this is the part that actually to me is even 1:07:09.600 --> 1:07:11.680 the best people get a sense of this in Market Mondays. 1:07:11.680 --> 1:07:13.440 But that's just a sense like this is what we 1:07:13.480 --> 1:07:16.200 do every week where people ask questions and they actually 1:07:16.400 --> 1:07:19.320 get to engage with these high level educated people. So 1:07:19.720 --> 1:07:22.800 let's let's get to some questions. I'm going to shout 1:07:22.800 --> 1:07:28.840 out to Julian Gordon e Yl, professor legend in his 1:07:28.880 --> 1:07:29.280 own right. 1:07:29.320 --> 1:07:32.240 That's a fact. That's a fact. I'm going to my 1:07:32.280 --> 1:07:34.960 boys straight out of Houston, Darius, I mute yourself. You've 1:07:34.960 --> 1:07:35.480 been unmuted. 1:07:35.520 --> 1:07:38.360 Bro, Hey, what's going on? 1:07:38.440 --> 1:07:39.080 What's going on? 1:07:39.120 --> 1:07:41.760 I'm in the building. Anything good, man, It's good with you, 1:07:41.800 --> 1:07:42.880 bro man. 1:07:42.960 --> 1:07:45.720 I cannot complain. I cannot complain. 1:07:45.680 --> 1:07:48.640 Loving the fact that we that we went the gentrification 1:07:48.800 --> 1:07:49.640 and buying back. 1:07:49.440 --> 1:07:50.680 The block route with this one. 1:07:50.720 --> 1:07:54.240 I was definitely happy to uh to hear and see 1:07:54.400 --> 1:07:55.680 see that post right there. 1:07:55.760 --> 1:07:58.200 Man, Chris, how you doing. I'm good, brother, how are you? 1:07:58.840 --> 1:08:01.040 I can't complain playing at all. 1:08:02.080 --> 1:08:04.120 I guess my question is is my cussing is not 1:08:04.200 --> 1:08:10.680 necessarily general, but as far as gentrification is concerned, you 1:08:10.760 --> 1:08:18.280 spoke a little bit about identifying neighborhoods or zip codes 1:08:18.600 --> 1:08:22.439 or just specific areas that may be ready to go 1:08:22.479 --> 1:08:27.519 through gentrification. I'm in Houston. I'm downtown right now, so 1:08:28.360 --> 1:08:31.240 like the Heights, I'm familiar with the Heights. I live 1:08:31.360 --> 1:08:34.479 near Humble, I'm familiar with Fifth Ward, Third Ward, all 1:08:34.520 --> 1:08:37.080 of that, And I'm driving through this stuff all day 1:08:37.160 --> 1:08:40.360 every day, and I'm seeing exactly what it is you've done. 1:08:40.840 --> 1:08:47.320 Yeah, I'm saying, you come from Humble. You see both 1:08:47.360 --> 1:08:50.840 of my projects from the freeway that part. 1:08:51.000 --> 1:08:57.840 So I'm like, right over here on Elgin fifty nine 1:08:57.880 --> 1:09:00.559 and Elgin before we're coming from down town. 1:09:00.360 --> 1:09:01.120 Over the third Ward. 1:09:01.160 --> 1:09:03.879 Like those properties that are right there alongside the freeway 1:09:04.760 --> 1:09:06.679 when they was raggedy, I saw them when they knocked 1:09:06.680 --> 1:09:07.000 them down. 1:09:07.080 --> 1:09:09.000 I saw them when they pinned them up. Yep. 1:09:09.120 --> 1:09:11.360 So I'm looking at it and I'm like, Okay, So 1:09:11.400 --> 1:09:15.439 how do I go about identifying areas that are on 1:09:15.479 --> 1:09:19.560 the cusp or already in the process of the gentrification. 1:09:20.080 --> 1:09:22.600 And then as far as getting in on that. I 1:09:22.720 --> 1:09:24.680 like the way that you built that, you built that out. 1:09:24.680 --> 1:09:27.400 So my question is is like, you still doing your 1:09:27.400 --> 1:09:29.720 thing in Houston. So is there an area that I 1:09:29.720 --> 1:09:31.640 can kind of just be like, Okay, this is what 1:09:31.760 --> 1:09:33.360 Chris was talking about right here. 1:09:33.720 --> 1:09:36.200 Man, there's tons of it. I mean you name some 1:09:36.280 --> 1:09:40.040 of them. That Elgin area that's third Ward close to 1:09:40.080 --> 1:09:42.719 the TSU. You get this opportunities. You go south towards 1:09:42.760 --> 1:09:46.240 Sunnyside outside of the Medical Center they call it in Sunnyside. 1:09:46.320 --> 1:09:48.040 Used to be here, they call it in Medical Center South. 1:09:48.120 --> 1:09:51.760 Now the fifth Ward still has a ton of opportunity. Man, 1:09:51.760 --> 1:09:53.479 it's just getting started. Like I said, that big project 1:09:53.520 --> 1:09:55.920 won't even be complete till twenty twenty three. So you 1:09:56.000 --> 1:09:58.960 got three or four neighborhoods right there, all along fifty 1:09:59.000 --> 1:10:02.000 nine prime for you to try to get it. 1:10:02.360 --> 1:10:04.200 Can you talk about You spoke about it briefly, but 1:10:04.240 --> 1:10:07.000 you spoke on the podcast. Also city development and urban 1:10:07.040 --> 1:10:07.960 planning websites. 1:10:08.520 --> 1:10:11.240 Yeah, So every city, every city has a planning and 1:10:11.280 --> 1:10:13.720 development department. Some of them call it urban planning, I 1:10:13.720 --> 1:10:15.519 think some of some of them call it planning and development. 1:10:16.160 --> 1:10:20.000 But in that sector of the website, there's always their plans. 1:10:20.040 --> 1:10:23.040 They have five year, ten year, twenty year plans. Some 1:10:23.120 --> 1:10:26.519 of them were posting the different variance requests that are 1:10:26.520 --> 1:10:30.240 coming up for different developer projects, and so on that site, 1:10:30.320 --> 1:10:32.519 you can see where the city is trying to go 1:10:32.640 --> 1:10:35.080 with redevelopment, and you can see where the city is 1:10:35.120 --> 1:10:38.000 planning to reinvest in infrastructure over the next five years 1:10:38.240 --> 1:10:40.360 or ten years. And so that can be a key 1:10:40.360 --> 1:10:42.759 indicator of where you should go as well, because especially 1:10:42.800 --> 1:10:44.960 if it's a city that has the ability to get 1:10:44.960 --> 1:10:46.559 grant money that type of thing, they're going to be 1:10:46.920 --> 1:10:48.880 enticing developers and other people to go in there to 1:10:48.920 --> 1:10:51.639 be that catalyst like the big project I showed y'all. 1:10:52.120 --> 1:10:53.600 And so once you see those types of things, and 1:10:53.760 --> 1:10:55.840 then it's time for you to try to, you know, 1:10:55.960 --> 1:10:57.479 just get in the money flow of what's going on 1:10:57.600 --> 1:10:58.200 in that area. 1:10:58.600 --> 1:11:04.280 So yeah, Dars, appreciate you. Bro. Houston's own YO. You 1:11:04.320 --> 1:11:06.360 didn't notice, but I put Beyonce up there for you. 1:11:06.479 --> 1:11:09.000 Soon shout out. We got shot out a few a few, 1:11:09.040 --> 1:11:12.400 a few of our loyal supporters in Houston, Texas from 1:11:12.400 --> 1:11:17.080 the hip hop side, Toby Way, we had him here, 1:11:17.080 --> 1:11:19.000 We had him on this on the show, and he's 1:11:19.040 --> 1:11:20.920 tearing that he's the hottest dude out right now. Seen 1:11:20.920 --> 1:11:22.800 them last night at hip hop. He did his thing, 1:11:22.840 --> 1:11:26.200 a little kikey legend. Legend came to our event, came 1:11:26.240 --> 1:11:29.120 to our event. Used to let the airport Jazz. Prince 1:11:29.720 --> 1:11:31.960 reached out to me on Instagram, shout out to shout 1:11:31.960 --> 1:11:33.880 out to the whole Prince family. We got crazy story 1:11:33.880 --> 1:11:37.439 about the Prince family. Paul Wall ran into him at 1:11:37.479 --> 1:11:40.240 the airport. Yo, we were coming to Houston, man, we coming. 1:11:41.360 --> 1:11:44.240 Don't forget Slim Dog. Slim Dog ran into him. Also 1:11:44.280 --> 1:11:45.320 a shout to Slim Thug. 1:11:45.360 --> 1:11:46.320 We had a crazy weekend. 1:11:46.320 --> 1:11:48.320 Sh shout out to Madhatta. 1:11:48.360 --> 1:11:48.479 Yo. 1:11:48.560 --> 1:11:50.280 That was a crazy week crazy shout. 1:11:51.960 --> 1:11:52.200 Show. 1:11:52.560 --> 1:11:54.320 So yeah, I just wanted to shy youyboy in Houston. 1:11:54.400 --> 1:11:55.200 Shout to Mike Brown. 1:11:55.680 --> 1:11:59.200 Shout to Mike Brown, like, yeah, shout out to jazz. 1:12:00.240 --> 1:12:01.559 Yeah from Lace Chateau. 1:12:01.960 --> 1:12:04.400 That's a fact. Jasmine, What up? What up? Uh, let's 1:12:04.400 --> 1:12:07.760 go to I'm gonna mixture bass me. Hope, I got 1:12:07.760 --> 1:12:09.720 that right. I mute yourself. You've been unmuted. What's going on? 1:12:15.240 --> 1:12:18.719 We know there's no fresher. Oh every time I say fridge, 1:12:18.720 --> 1:12:20.120 they on. What's going on? 1:12:20.320 --> 1:12:22.639 What's going on? Oh? 1:12:22.720 --> 1:12:24.479 Yeah, I just want to ask real when you did 1:12:24.520 --> 1:12:28.720 that crowd funded, right, was that with the promise of 1:12:28.840 --> 1:12:31.080 keeping the properties and renting them out or are you 1:12:31.080 --> 1:12:32.519 giving out dividends? How is that? 1:12:32.760 --> 1:12:35.000 How are they getting a return on their money? That's 1:12:35.120 --> 1:12:37.599 what platform crowd. 1:12:37.600 --> 1:12:39.600 That's a great question. Yeah, so the platform I use 1:12:39.640 --> 1:12:43.120 is called bottle block dot com based on Denver, Colorado. 1:12:43.320 --> 1:12:45.519 But yeah, so they are getting dividends, so they what 1:12:45.560 --> 1:12:48.160 I'm doing is I'm taking forty percent of the net 1:12:48.240 --> 1:12:50.800 profit from the rents and I'm dividing that up and 1:12:50.840 --> 1:12:54.360 I'm sending that out to everybody. And so just like 1:12:54.400 --> 1:12:57.759 in the dividend, it'll be between like two to three percent, 1:12:58.479 --> 1:13:00.240 like one and a half to three percent of the 1:13:00.280 --> 1:13:02.439 investment amount. But you know you're on Nike stock, you 1:13:02.439 --> 1:13:05.320 get a one percent dividend, and so you know with 1:13:05.439 --> 1:13:08.559 this you also get the share value appreciation because you're 1:13:08.560 --> 1:13:11.240 not just donating money, you're not lending money. You actually 1:13:11.240 --> 1:13:13.800 bought a piece of ownership of this property. So as 1:13:13.800 --> 1:13:16.240 the property value goes up, your share value goes up. 1:13:16.520 --> 1:13:18.840 And so that's where the real return is. And so 1:13:19.479 --> 1:13:21.799 the way I have the project set up, it's supposed 1:13:21.800 --> 1:13:24.360 to be a seven year project. So you know, we 1:13:24.400 --> 1:13:27.160 bought it for one point two particularly be worth about 1:13:27.160 --> 1:13:30.320 three million in about seven years and then so you 1:13:30.360 --> 1:13:32.880 have options to sell your shares and get out. We 1:13:32.880 --> 1:13:35.360 can refinance it and stay in and basically everybody can 1:13:35.400 --> 1:13:38.160 still pull their initial capital out they initially invested. So 1:13:38.320 --> 1:13:39.599 that's how it got a structured. 1:13:40.560 --> 1:13:43.519 So appreciate that, SHARLRETTA were coming to you. I hope 1:13:43.560 --> 1:13:44.719 I said your name right, Sharrett. 1:13:44.800 --> 1:13:48.759 I hope ready, Yeah, you said it right here. 1:13:48.640 --> 1:13:51.000 We go, and you was ready right when I pressed 1:13:51.000 --> 1:13:51.840 on you. Thank you. 1:13:52.360 --> 1:13:53.240 I was ready to pounce. 1:13:53.320 --> 1:13:55.759 I was ready to pounce. Do it Okay. 1:13:55.880 --> 1:13:58.680 So I just want to say I've been with you 1:13:58.760 --> 1:14:02.200 aileybout forty five days, and Yo, this is so worth 1:14:02.200 --> 1:14:02.880 the investment. 1:14:04.520 --> 1:14:05.120 I appreciate. 1:14:05.120 --> 1:14:09.040 Appreciate that, Chris is finally nice to see your face 1:14:09.400 --> 1:14:11.439 because I tell you, I'm kicking myself that I did 1:14:11.560 --> 1:14:14.360 not join when you guys had this out on by the. 1:14:14.280 --> 1:14:21.759 Block dot com. Oh that, but I love the thought process. 1:14:21.840 --> 1:14:25.960 So one of the questions I really had was for. 1:14:26.439 --> 1:14:27.959 Someone like myself. 1:14:28.320 --> 1:14:32.920 I actually came across a property about three years ago 1:14:33.160 --> 1:14:36.479 in one of these up and coming neighborhoods. I'm getting 1:14:36.520 --> 1:14:39.840 ready to actually build my first home, and one of 1:14:39.880 --> 1:14:41.559 my things is, you know, I'm kind of torn in 1:14:41.600 --> 1:14:45.640 the fact that you know it is you know, developers 1:14:45.680 --> 1:14:48.599 are coming in that don't necessarily look like us. So 1:14:49.080 --> 1:14:51.519 what advice would you have for someone getting in the 1:14:51.560 --> 1:14:55.280 game that necessarily doesn't have the capitalization to go and 1:14:55.360 --> 1:14:58.439 buy the block and starting out with that one one 1:14:58.479 --> 1:14:59.360 piece here or there. 1:15:00.200 --> 1:15:03.439 Yeah, definitely start wherever you can. You know, the developers 1:15:03.479 --> 1:15:04.800 are going to come. Like I said, you can't really 1:15:04.840 --> 1:15:09.320 stop them. So you know, some of the other concept 1:15:09.320 --> 1:15:11.040 we'll talk about, maybe like getting a small group of 1:15:11.040 --> 1:15:15.040 people together to co invest with you. You can maybe 1:15:15.080 --> 1:15:17.519 two or three people that may have some money sitting 1:15:17.560 --> 1:15:20.200 in the old UH savings, that kind of old UH 1:15:20.439 --> 1:15:22.840 four one K we talked about earlier. You can use 1:15:22.840 --> 1:15:25.200 that as your down payment and maybe have another partner 1:15:25.240 --> 1:15:27.280 has good credit. You know, if you're going to try 1:15:27.280 --> 1:15:29.680 to do something, I wouldn't say try to start with 1:15:29.720 --> 1:15:32.679 ground up development or new new construction. I would suggest 1:15:32.680 --> 1:15:34.680 you try to buy some, you know, something that's in 1:15:34.760 --> 1:15:39.160 decent condition already, even even the new building the right area, 1:15:39.200 --> 1:15:44.360 if the construction and the redevelopment is happening quickly. You 1:15:44.400 --> 1:15:46.679 can still you can still get equity in your home 1:15:47.120 --> 1:15:50.080 pretty quickly. It rather it's an investment that's your primary residents. 1:15:50.439 --> 1:15:52.120 And would also tell people too, is like if you 1:15:52.120 --> 1:15:54.240 want to be an investor, you want to be a landlorder, 1:15:55.200 --> 1:15:57.840 you got to think about if you're buying something that's existing, 1:15:59.160 --> 1:16:02.880 even if it passes inspection, right, the inspectors only looking 1:16:02.880 --> 1:16:04.560 for things that are wrong. But if you've got a 1:16:04.600 --> 1:16:07.400 house that's let's say it's twenty years old and they 1:16:07.400 --> 1:16:09.479 put a twenty year well they put a let's say 1:16:09.479 --> 1:16:11.280 they put a thirty year roof on it, you got 1:16:11.280 --> 1:16:13.280 a plan as as as the owner of their property 1:16:13.280 --> 1:16:15.479 that to replace a roof in five or six years 1:16:15.560 --> 1:16:17.719 or ten years max. Right, those type of things people 1:16:17.720 --> 1:16:19.280 don't think about. Whereas if you buy a brand new 1:16:19.320 --> 1:16:21.479 property in the community like this, but the property the 1:16:21.520 --> 1:16:23.519 values are going up. You know everything's new, so you 1:16:23.600 --> 1:16:26.000 have a longer runway before you have to start investing 1:16:26.040 --> 1:16:29.559 in repairs. So just just things to think about. And 1:16:29.600 --> 1:16:31.840 if you haven't well, if you haven't used like your 1:16:31.840 --> 1:16:34.040 first time home buyer credit or anything like that, you 1:16:34.080 --> 1:16:36.479 can get into something with three percent down even if 1:16:36.479 --> 1:16:37.720 you don't want to stay in it forever, just stay 1:16:37.720 --> 1:16:39.080 in it for a little while and turn into an 1:16:39.080 --> 1:16:43.040 investment property. Got all right, I appreciate thanks at. 1:16:42.880 --> 1:16:46.639 The game, then appreciate you appreciate it. First time homebodyies 1:16:46.680 --> 1:16:48.240 you say, yep. 1:16:49.400 --> 1:16:51.720 And people they watching our journey, like you know, we 1:16:51.760 --> 1:16:53.920 did trucking because we did the trucks with shout out 1:16:53.920 --> 1:16:57.160 to alex So we just brought our first truck and 1:16:57.200 --> 1:16:59.680 we're going to be like showing people the journey into that. 1:17:00.280 --> 1:17:04.280 So watch what we're doing in Cleveland, Ohio. We got 1:17:04.280 --> 1:17:06.519 a shout to be on wind shout out to big business. 1:17:06.520 --> 1:17:09.040 Shot about in Cleveland. But oh yeah, well we might 1:17:09.080 --> 1:17:09.639 come in Houston. 1:17:09.640 --> 1:17:10.599 I'm thinking about Houston. 1:17:10.640 --> 1:17:10.720 Bro. 1:17:11.280 --> 1:17:12.840 I'm like, yo, bro, we got a lot of love 1:17:12.880 --> 1:17:15.280 out there. Remember we was just in a random strip 1:17:15.360 --> 1:17:16.800 on eating. It was just like, yo, we love you 1:17:16.840 --> 1:17:17.320 out here. 1:17:18.160 --> 1:17:19.800 We got to talk about the prices out there. 1:17:20.000 --> 1:17:21.400 I was about to say, man, I can't we can't 1:17:21.439 --> 1:17:22.679 compete with those prices up there. 1:17:23.200 --> 1:17:25.760 Cleveland, Ohio. It's different right now. 1:17:26.560 --> 1:17:28.760 We gotta open invitation in Nashville as well. We might 1:17:28.840 --> 1:17:30.439 there's there's there's a couple of cities we might have 1:17:30.439 --> 1:17:30.840 to look. 1:17:30.680 --> 1:17:32.599 At Nashville, Tennessee. Shot out in Nashville. 1:17:32.760 --> 1:17:36.040 Let's see. Uh, I haven't seen this thing before, Garth, 1:17:36.040 --> 1:17:38.040 were coming to you, Garth, i'mut yourself. You've been unmuted, 1:17:41.880 --> 1:17:45.760 you guys. G Chris Garth, can you tell your volume 1:17:45.840 --> 1:18:00.840 up just a little bit? Hold on, They was about 1:18:00.880 --> 1:18:02.479 to hit you with the deadlines. 1:18:02.000 --> 1:18:04.679 Bro, know it was coming. 1:18:04.880 --> 1:18:05.439 Was rushing. 1:18:06.000 --> 1:18:10.439 Fabulous presentation, Troy Rashard, you know, fabulous job. Keep up 1:18:10.439 --> 1:18:15.760 the good work. Chris, you know the stuff that you're 1:18:15.800 --> 1:18:19.519 doing there. I'm here thinking, I'm like, dude, we need 1:18:19.520 --> 1:18:22.000 to replicate this across the country, you know what I mean? 1:18:23.120 --> 1:18:26.599 Just clone you or you create disciples and just spread 1:18:26.640 --> 1:18:28.679 them across the US and we just do our thing. 1:18:29.400 --> 1:18:33.000 And you know that's that's what I'm seeing right now. 1:18:33.920 --> 1:18:36.400 I know Julian down in New Orleans, he's doing this 1:18:36.479 --> 1:18:37.439 thing down here as well. 1:18:37.880 --> 1:18:38.680 I'm saying, we have. 1:18:38.840 --> 1:18:41.880 All these resources, man, we need to pull this together. 1:18:42.040 --> 1:18:46.559 Troy and Rashad, you guys are the the link between 1:18:46.640 --> 1:18:49.240 you know, to pull all this together, you know, create 1:18:49.240 --> 1:18:52.439 a master class or something where we get everybody together 1:18:52.560 --> 1:18:55.400 and put put something like this together where we you 1:18:55.439 --> 1:19:00.439 know this this energy, and just replicate it across country 1:19:00.479 --> 1:19:02.920 and just put in different pockets across the country and 1:19:03.000 --> 1:19:04.320 just do our thing. Man. 1:19:05.160 --> 1:19:08.680 Yeah, I mean, like I said, I wanted to say, 1:19:09.240 --> 1:19:11.800 she appreciated. I appreciate that. Shots at Julian Gordon. He's 1:19:11.800 --> 1:19:15.080 doing something similar in New Orleans, I believe. And of 1:19:15.080 --> 1:19:16.800 course we got Brandon Rule, who's one of the top 1:19:16.800 --> 1:19:19.439 real estate developers in the United States of America right now. 1:19:19.840 --> 1:19:21.080 We got a lot of we got a lot of 1:19:21.120 --> 1:19:22.400 relationships with a lot of good people. 1:19:22.520 --> 1:19:22.680 MG. 1:19:22.760 --> 1:19:25.439 The mortgage guy who's the number one real estate financing 1:19:25.479 --> 1:19:28.479 expert online. So maybe we can, maybe we can form 1:19:28.520 --> 1:19:34.360 a conglomorate Superpower super Pack, eyl Superpack. 1:19:34.520 --> 1:19:36.280 We're coming to take over the neighbor. 1:19:37.880 --> 1:19:39.960 But yeah, Garth Man, I appreciate the comment. Man, But 1:19:39.960 --> 1:19:41.839 that's exactly why I'm doing this. Why I'm being so 1:19:42.120 --> 1:19:44.960 transparent with everything, because it's way too much for me 1:19:45.000 --> 1:19:46.800 to try to tackle on my own. And I'm not 1:19:47.000 --> 1:19:49.640 I'm not the boastful, bragful, arrogant guy. I just want 1:19:49.680 --> 1:19:50.559 everybody on the same way. 1:19:50.680 --> 1:19:50.800 Man. 1:19:50.960 --> 1:19:53.439 It was frustrating not seeing enough of us doing this, 1:19:54.720 --> 1:19:57.200 And it's funny. I would be in conversations with all 1:19:57.240 --> 1:20:00.800 of these intellectuals, these IVY League graduates, our community, and 1:20:00.800 --> 1:20:02.920 they would tell me why it wouldn't work. And eventually 1:20:02.920 --> 1:20:04.160 I was just like, I'm just gonna do it. I'm 1:20:04.160 --> 1:20:06.000 just gonna show them that it can't work, you know. 1:20:06.160 --> 1:20:07.479 And I think that's what it takes for a lot 1:20:07.520 --> 1:20:08.760 of us just to get to get in there and 1:20:08.800 --> 1:20:09.360 start doing it. 1:20:09.520 --> 1:20:11.400 They keep driving on the highway, They're gonna see what 1:20:11.400 --> 1:20:16.320 you're doing. Is there? All right, Wanda, we are coming 1:20:16.360 --> 1:20:18.479 to you. I mute yourself. You've been unmuted. What's up? 1:20:19.560 --> 1:20:19.720 Hi? 1:20:19.800 --> 1:20:20.000 Y'all? 1:20:20.080 --> 1:20:22.200 First of all, I love you. I love to show 1:20:22.240 --> 1:20:24.439 out of the platform. I've told everybody in my organization. 1:20:24.439 --> 1:20:26.559 I have twelve hundred people about this, well, the black people. 1:20:29.680 --> 1:20:31.479 We love everybody. 1:20:32.600 --> 1:20:36.080 I have this like pipe dream of building a thriving 1:20:36.120 --> 1:20:38.799 Black community. And I call it a pipe dream because 1:20:38.880 --> 1:20:41.439 I like the strategy that you're talking about in terms 1:20:41.479 --> 1:20:43.120 of going into an area that's on the verge of 1:20:43.120 --> 1:20:46.840 re vitalization or gentrification. But I have a question about 1:20:46.840 --> 1:20:50.160 an area like Gary, Indiana, where and I'm from New York, 1:20:50.200 --> 1:20:51.920 I don't know anything about Gary. It came to me 1:20:51.920 --> 1:20:55.960 in a dream. So Gary, there was white flight and 1:20:55.960 --> 1:20:59.040 then black flight. In the fifties and sixties, industry left 1:20:59.080 --> 1:21:02.600 the place, and right now it's virtually abandoned over the 1:21:02.600 --> 1:21:06.000 past forty years, but slowly but surely, like I heard 1:21:06.040 --> 1:21:08.320 that there's a hotel coming to the beach area and 1:21:08.360 --> 1:21:12.080 there's an investment in building a new school. So my 1:21:12.200 --> 1:21:14.599 question is, what do you think about going into an 1:21:14.720 --> 1:21:17.519 area that is not even quite on the verge of 1:21:17.600 --> 1:21:23.320 revitalization and buying the block there and maybe networking with 1:21:23.400 --> 1:21:28.000 other real estate investors who are black and trying to 1:21:28.080 --> 1:21:30.360 lure people from Chicago who are thirty minutes away. A 1:21:30.400 --> 1:21:32.640 lot of them left Gary to go to Chicago. What 1:21:32.680 --> 1:21:34.600 do you think about that as a strategy. Is it 1:21:34.640 --> 1:21:36.760 really a pipe dream? Should I move forward or should 1:21:36.760 --> 1:21:39.920 I look for a place that is already gentrifying or 1:21:40.040 --> 1:21:41.120 revitalizing right now? 1:21:41.640 --> 1:21:45.639 That's definitely a risk tolerance question, okay, because you don't 1:21:45.680 --> 1:21:46.960 know how long it's going to take for that to 1:21:47.000 --> 1:21:48.679 take off. If you can invest in it and hold 1:21:48.720 --> 1:21:50.799 it long enough where it's not if you got money 1:21:51.200 --> 1:21:52.840 that's not going to hurt you to invest in the 1:21:52.880 --> 1:21:54.559 property and just let it sit there. And wait for 1:21:54.640 --> 1:21:58.280 that to happen. And that's okay. But if you're expecting 1:21:58.520 --> 1:22:01.840 a quick return on whatever, I would say, go somewhere 1:22:01.880 --> 1:22:03.760 where the bet is more sure. You know where you 1:22:03.960 --> 1:22:07.519 where you have a more solid opportunity to get into 1:22:07.600 --> 1:22:09.799 whatever you're going to do, make some money, and continue 1:22:09.840 --> 1:22:12.760 to expand. I think that happens a lot of times. 1:22:12.760 --> 1:22:15.840 People buy properly in the wrong neighborhoods and the values 1:22:15.840 --> 1:22:18.679 don't appreciate. Sometimes the values are stagnant or even go down, 1:22:19.120 --> 1:22:20.640 and you end up losing money if you look at 1:22:20.640 --> 1:22:23.000 inflation and everything else and your cost of like taxes 1:22:23.040 --> 1:22:24.960 and insurance and all that kind of stuff. So you 1:22:25.040 --> 1:22:28.840 got to be really really strategic with that. I personally 1:22:28.880 --> 1:22:31.080 wouldn't suggest it, but if you have the capital to 1:22:31.160 --> 1:22:34.479 do it, then you know it's it won't hurt try. 1:22:35.320 --> 1:22:40.320 Thank you so much, appreciate you. I think that's the 1:22:40.400 --> 1:22:42.000 question a lot of people have, like coming from New 1:22:42.080 --> 1:22:45.280 York or whatever, it's like la where it's just the 1:22:45.280 --> 1:22:46.920 real estate is crazy and they want to go to 1:22:47.000 --> 1:22:49.559 these different towns, but it's like, you don't know anybody. 1:22:49.680 --> 1:22:51.439 And the reason why I said Cleveland, Ohio, is that 1:22:51.479 --> 1:22:54.080 we really built a strong relationship with beyond when shout 1:22:54.120 --> 1:22:57.080 out to him, just a real solid dude, and you 1:22:57.120 --> 1:22:59.960 know that's somebody that we trust. And it's like, you know, 1:23:00.120 --> 1:23:03.599 even Maurice Cloret, a good friend of mine who's out 1:23:03.600 --> 1:23:06.040 in Columbus, Ohio. So you know, I really know like 1:23:06.120 --> 1:23:08.280 these people are. Actually they live out there. They you know, 1:23:08.400 --> 1:23:11.760 So I'm not going to go to anybody's turf and 1:23:11.960 --> 1:23:14.840 try to do the Chrystopher Columbus day. Just take over. 1:23:15.200 --> 1:23:16.880 And you know what, that is a great point because 1:23:16.920 --> 1:23:19.559 like those like we're beyond them are there is a 1:23:19.560 --> 1:23:21.880 strong rental market there and there's not enough housing. So 1:23:22.280 --> 1:23:24.720 if that's the business case that you're looking at, then 1:23:24.880 --> 1:23:26.680 still it still makes sense because you can buy the 1:23:26.760 --> 1:23:29.760 chop the property really really and expensively and still have 1:23:29.840 --> 1:23:32.120 positive cash flow and make great returns. 1:23:32.120 --> 1:23:35.080 Really, I'll tell you another great place to find people 1:23:35.120 --> 1:23:38.120 that are from other places inside the investment group. I'm 1:23:38.120 --> 1:23:40.880 telling you, like every time that somebody posts like, yo, hey, 1:23:41.040 --> 1:23:43.599 I live in Houston, is there anybody that is a 1:23:43.640 --> 1:23:45.840 developer in Houston? It's a great resource. Yo, is there 1:23:45.840 --> 1:23:48.559 anybody in Cleveland? Every day? I see it like somebody 1:23:48.560 --> 1:23:50.599 from another part of the country is like, yo, anybody 1:23:50.640 --> 1:23:53.360 here in this area. It's a great way to network 1:23:53.400 --> 1:23:56.439 and a great way to resource and come together. Right 1:23:56.439 --> 1:23:58.760 if I'm not from Gary, I'm guaranteeing out of the 1:23:58.880 --> 1:24:01.880 five thousand almost six thousand people, somebody knows the area. 1:24:02.080 --> 1:24:04.680 And Matt Matt was doing, He's gonna bring it back 1:24:04.720 --> 1:24:06.960 when he was doing the city right each city, so 1:24:07.000 --> 1:24:09.400 he did, like the real estate updates for the Bay Area, 1:24:09.439 --> 1:24:11.559 the real estate updates for Houston, and real estate updates 1:24:11.560 --> 1:24:14.360 for Philly. Those are good resources too because it's like 1:24:14.439 --> 1:24:17.120 now that's specific for that area. So even if you 1:24:17.160 --> 1:24:20.479 don't live in Philly, but you're interested in Philadelphia real estate, 1:24:20.800 --> 1:24:22.800 you can network. It's all about network. And that was 1:24:22.840 --> 1:24:25.120 my whole point, is that it's just about networking. And 1:24:25.160 --> 1:24:27.320 I feel like, you know, a lot of times what's 1:24:27.320 --> 1:24:30.000 stopping us is the relationships. And that's another thing that 1:24:30.040 --> 1:24:32.720 we built with the university. It's just relationships, but just 1:24:32.760 --> 1:24:34.800 in general, just in life, like you might have a 1:24:34.800 --> 1:24:36.360 family member, you may have a cousin, you might have 1:24:36.360 --> 1:24:37.800 to you know, you never know who you're going to 1:24:37.960 --> 1:24:41.320 meet and get introduced to. But relationships can take you 1:24:41.360 --> 1:24:43.320 a long long way. You can have all knowledge in 1:24:43.320 --> 1:24:45.800 the world, but if you don't have the relationships, you 1:24:45.840 --> 1:24:49.240 might not be able to execute. So it's relationships that 1:24:49.280 --> 1:24:51.639 are extremely, extremely important in my opinion. 1:24:52.400 --> 1:24:54.679 Bianca were coming to you, I'm mute yourself. You've been unmuted. 1:24:54.720 --> 1:24:56.280 What's up, hi? 1:24:56.400 --> 1:24:57.000 How you doing? 1:24:57.360 --> 1:24:59.519 Of how fast y'all was going? Everything's great. 1:25:00.760 --> 1:25:05.759 I just didn't expect that to happen. So my question 1:25:05.840 --> 1:25:08.559 is probably very similar to one of the first questions, 1:25:08.600 --> 1:25:09.960 but I never get to get on, so I'm just 1:25:10.000 --> 1:25:15.120 going to say it. So just about the opportunity zoned. So, 1:25:15.240 --> 1:25:17.920 I'm from Augusta, Georgia, and I moved to Minneapolis five 1:25:18.000 --> 1:25:20.439 years ago, and I noticed North Minneapolis is like one 1:25:20.439 --> 1:25:26.519 of the most undeveloped, neglected places in Minneapolis. But I 1:25:26.680 --> 1:25:29.400 just read something today about the city planning to put 1:25:29.400 --> 1:25:33.799 a concert venue up there. They they're getting like millions 1:25:33.840 --> 1:25:37.439 of dollars. Would you consider this like a opportunity zone? 1:25:38.479 --> 1:25:42.080 Well, so, an opportunity zone is actually a government designation 1:25:42.400 --> 1:25:47.240 for specific neighborhoods that have like specific low income demographic 1:25:48.080 --> 1:25:50.400 or like then they have like usual issues like food 1:25:50.400 --> 1:25:52.400 deserts where it's no grocery stores and those types of things, 1:25:52.880 --> 1:25:58.719 and so those zones were created to kind of pinpoint 1:25:58.760 --> 1:26:02.200 areas where the government wanted these high networks people or 1:26:02.200 --> 1:26:04.800 people that have capital gains to invest and park their 1:26:04.840 --> 1:26:08.639 money for up to ten years in exchange for getting 1:26:09.040 --> 1:26:13.439 a tax abatement basically a tax deferment, and like whatever 1:26:13.760 --> 1:26:18.439 whatever they buy over the ten years, they actually can 1:26:20.040 --> 1:26:21.599 sell it at the end and not pay any taxes 1:26:21.600 --> 1:26:24.680 on that at all. So I'm not sure if that 1:26:24.760 --> 1:26:27.200 you'd have to. You can really just google opportunities on 1:26:27.320 --> 1:26:29.120 map and it'll tell you if that area is an 1:26:29.120 --> 1:26:32.479 opportunity zone or not, and then it sounds like something 1:26:32.520 --> 1:26:34.360 that that may be a catalyst for other development to 1:26:34.360 --> 1:26:36.880 come around it. So I would definitely I would stay 1:26:36.920 --> 1:26:39.200 tuned to see what's going on. If you know any 1:26:39.200 --> 1:26:41.559 realtors anybody that may be in that that may know 1:26:41.640 --> 1:26:43.760 that market, I would say you suggest you talk to 1:26:43.800 --> 1:26:46.400 them to see if they know of any realtors that 1:26:46.479 --> 1:26:50.559 represent builders in new construction that because if those builders 1:26:50.560 --> 1:26:51.920 are looking at that area, and that tells you that 1:26:51.960 --> 1:26:53.320 things are about to pick up. 1:26:53.800 --> 1:26:57.040 Okay, thank you, Yeah, you know what I just thought 1:26:57.040 --> 1:27:01.439 about something we're going to do in it hopefully you 1:27:01.520 --> 1:27:06.320 can help us out with this. We have almost four 1:27:06.320 --> 1:27:09.719 thousand members in our in our private our private investment 1:27:09.760 --> 1:27:13.720 group on Facebook, so we should we could. We can 1:27:13.760 --> 1:27:17.840 set up geographical groups, like we can have a New 1:27:17.920 --> 1:27:19.439 York group, we can have an l A group, we 1:27:19.439 --> 1:27:21.479 can have affiliate like. That means, so that way people 1:27:22.520 --> 1:27:26.160 can they can identify themselves by like where they actually live. 1:27:26.600 --> 1:27:28.479 And like I said, even if you don't live So 1:27:28.640 --> 1:27:30.479 even if you live in New York, but you might 1:27:30.520 --> 1:27:33.679 be interested in Houston real estate. If there's three hundred 1:27:33.680 --> 1:27:36.479 people from Houston in a Houston group, now you can 1:27:36.520 --> 1:27:38.479 network with them, and that gives you three hundred people 1:27:38.479 --> 1:27:40.960 that you can actually, you know, reach out to and 1:27:41.000 --> 1:27:45.120 build with. So we're gonna get that done. Thank you. 1:27:46.640 --> 1:27:49.879 I guarantee seven o'clock. I'm gonna have fourteen text mess 1:27:50.200 --> 1:27:56.400 Shy said. He said, I appreciate that. Ah man, Let's 1:27:56.400 --> 1:27:58.160 go to a new name. Oh, Whitney, I haven't seen 1:27:58.200 --> 1:28:00.120 this thing before. Whitney, what's going on? Mute self? You 1:28:00.200 --> 1:28:00.759 been unmuted? 1:28:01.360 --> 1:28:04.400 Hey, guys, thanks for this awesome information. 1:28:04.439 --> 1:28:07.080 I appreciate I appreciate everything that eyl is bringing to 1:28:07.120 --> 1:28:07.840 the table. 1:28:07.600 --> 1:28:08.759 And I'm a newbie. 1:28:08.760 --> 1:28:10.880 I've only been a member of about a month or so, 1:28:11.640 --> 1:28:14.920 but I'm really happy to be appreciate that, bro. 1:28:15.720 --> 1:28:16.880 I got a message for Chris. 1:28:17.920 --> 1:28:22.160 I serve on the political side and the community side 1:28:22.680 --> 1:28:28.280 for a lot of housing agencies or community redevelopment boards 1:28:28.280 --> 1:28:31.160 and economic development boards. And I do that, as I said, 1:28:31.200 --> 1:28:34.640 and I actually put my question in the thing just 1:28:34.680 --> 1:28:36.160 so I can be at the table and hear about 1:28:36.240 --> 1:28:38.800 deals that are coming down and actually bring it. 1:28:38.760 --> 1:28:39.760 Back to our community. 1:28:40.439 --> 1:28:42.559 But I get a lot of pushback from our community 1:28:42.600 --> 1:28:46.720 because mostly I think because they just they see that 1:28:46.760 --> 1:28:50.120 their communities are being changed and they feel helpless to 1:28:50.120 --> 1:28:53.759 get involved or helpless to do anything about it because 1:28:53.800 --> 1:28:56.880 they don't have the financial wherewithal to do anything. What 1:28:57.920 --> 1:29:00.360 are some strategies that you've used or that you seen 1:29:00.400 --> 1:29:04.360 yous that actually help to engage local communities, particularly our 1:29:04.360 --> 1:29:08.160 community black people and bring them along through this process. 1:29:08.760 --> 1:29:12.240 Man, you know, it's tough. I mean, I thankfully the 1:29:12.240 --> 1:29:14.360 projects that I have they kind of see something different 1:29:14.400 --> 1:29:17.200 and they see that I'm not displacing people. But for 1:29:17.240 --> 1:29:20.400 the for the a lot of times, people are just 1:29:20.680 --> 1:29:25.080 adverse to change, right, So I think the best thing 1:29:25.120 --> 1:29:28.360 that you could do probably would be to bring in 1:29:28.400 --> 1:29:31.680 a group of investors, if you know, a group of 1:29:31.680 --> 1:29:35.280 investors or developers that may be of the right mindset, 1:29:35.280 --> 1:29:37.559 and have them come and talk to the community. And 1:29:38.080 --> 1:29:40.559 you know, if you if you know where the projects 1:29:40.560 --> 1:29:43.080 are going and you know what's coming, put put that 1:29:43.120 --> 1:29:45.800 group in front of the projects and let them, you know, 1:29:46.800 --> 1:29:49.400 interface with the community, kind of bring some of the 1:29:49.680 --> 1:29:52.320 amenities and services the community may be looking for, or 1:29:52.360 --> 1:29:54.080 explain to them why it's not the right time for 1:29:54.120 --> 1:29:56.680 certain things. Like you know, a lot of the communities, 1:29:56.720 --> 1:29:59.559 like like I said, they will want the grocery store now, 1:29:59.600 --> 1:30:01.320 and they'll want this and that now, but they don't 1:30:01.360 --> 1:30:03.400 want the new housing, you know, and you have to 1:30:03.400 --> 1:30:04.920 explain to them, well, this is why you need that. 1:30:04.960 --> 1:30:07.360 This is why you need some people that look like 1:30:07.360 --> 1:30:09.360 you in the community that earn more money so that 1:30:09.479 --> 1:30:11.680 it can be attractive for Starbucks or it can be 1:30:11.720 --> 1:30:14.439 attractive for the grocery store to come back. So a 1:30:14.439 --> 1:30:17.680 lot of it's just open communication, but there is no 1:30:17.720 --> 1:30:18.519 cookie cutter answer. 1:30:18.560 --> 1:30:18.680 Man. 1:30:18.720 --> 1:30:21.599 You're never going to get everybody on board, unfortunately, But 1:30:21.720 --> 1:30:23.600 I mean, you know, you can kind of turn the 1:30:23.600 --> 1:30:25.320 tide a little bit by doing some of those things. 1:30:25.640 --> 1:30:27.960 True, true, I appreciate that. Guys, thank you very much. 1:30:28.120 --> 1:30:33.679 We appreciate you. Oh, here we go, my guys here 1:30:34.720 --> 1:30:39.200 Author Paul Rose King, Arthur, you've been unmuted. Peace peace, 1:30:39.240 --> 1:30:40.920 what's good fellas? What's going on? 1:30:40.960 --> 1:30:43.360 Bro? Slow motion? How y'a doing? 1:30:43.640 --> 1:30:48.000 Yeah? We're good man, no doubt A. Chris Man definitely 1:30:48.080 --> 1:30:48.679 a big fan. 1:30:49.000 --> 1:30:52.639 I'm actually an investor in the in the Lions Avenue project. 1:30:52.920 --> 1:30:54.960 Love it. I love it. Yeah. 1:30:55.120 --> 1:30:58.080 When I actually right right before right as COVID hit 1:30:58.160 --> 1:31:01.120 I got, I got into the project and I joined EYL. 1:31:01.280 --> 1:31:02.960 That was kind of how I split the bread up 1:31:03.000 --> 1:31:10.040 for it solders. Definitely looking forward. Definitely a big fan. 1:31:10.120 --> 1:31:12.800 Been following the mod project as well. Congrats on that. 1:31:15.479 --> 1:31:19.800 As we talk about building the community. One of the 1:31:20.360 --> 1:31:23.519 things that you mentioned, uh, with the with the project 1:31:23.520 --> 1:31:25.439 that you said, you know, most none of those houses 1:31:25.439 --> 1:31:27.720 were like Section eight houses and stuff like that. Those 1:31:27.760 --> 1:31:31.960 are all pretty much working class individuals. That being said, 1:31:33.120 --> 1:31:36.960 Section eight is like one of the largest subsidies our 1:31:36.960 --> 1:31:40.840 community gets, Like literally it's about eight billion dollars a year, 1:31:41.200 --> 1:31:44.519 and the majority of that money goes to black women 1:31:44.600 --> 1:31:47.080 as we know who are generally that had a household 1:31:47.120 --> 1:31:51.719 for those communities, And so as you're building your plans 1:31:51.840 --> 1:31:53.880 and as you know, you speak on others and how 1:31:53.920 --> 1:31:57.840 they should expand how do you view or what ways 1:31:57.880 --> 1:32:00.320 do you think that we have to actually include that 1:32:00.439 --> 1:32:04.439 so we don't walk away literally from eight billion dollars 1:32:04.439 --> 1:32:07.800 a year that now is going to other people who 1:32:07.800 --> 1:32:10.559 own that affordable housing to a certain degree, because our 1:32:10.680 --> 1:32:15.320 own people are scared or don't want to deal with 1:32:15.400 --> 1:32:16.639 those Section eight housing. 1:32:17.960 --> 1:32:20.120 Yeah. So yeah, let me point out the reason why 1:32:20.360 --> 1:32:23.519 I pointed that out earlier is for the opposite reason, right, 1:32:23.520 --> 1:32:26.320 because we all we automatically assume everybody in these neighborhoods 1:32:26.400 --> 1:32:29.960 is all strictly on government assistance. But there are some 1:32:30.000 --> 1:32:34.280 people that are just hardworking that you know, all fixed incomes. Now, 1:32:34.439 --> 1:32:37.160 as far as the you know, the single women especially 1:32:37.240 --> 1:32:40.960 or anybody that's on Section eight, I think that with 1:32:41.040 --> 1:32:43.720 the right landlords in place, and I think it can 1:32:43.760 --> 1:32:46.360 actually be a better system because you know, if we 1:32:46.400 --> 1:32:48.400 are the ones controlling the real estate and own the 1:32:48.400 --> 1:32:50.639 real estate, and those are our tenants, then we'll probably 1:32:50.680 --> 1:32:53.200 look out for them a little bit more than somebody else. 1:32:53.240 --> 1:32:55.600 That's you know, living across the country or living in 1:32:55.880 --> 1:32:59.000 another neighborhood that doesn't really care about the community. But 1:32:59.080 --> 1:33:02.479 most importantly, when you talk about a way to leverage 1:33:02.479 --> 1:33:05.800 home ownership that we don't really talk about those those 1:33:05.880 --> 1:33:08.880 vouchers can be used for mortgage payments just like they 1:33:08.880 --> 1:33:12.240 can be used for regularly. So educating more of the 1:33:12.280 --> 1:33:14.599 people in our community about how to get their credit 1:33:14.600 --> 1:33:17.799 together to get into a first time home buyers program 1:33:17.880 --> 1:33:21.439 and get a down payment assistance grant and then convert 1:33:21.479 --> 1:33:23.920 that same voucher over to something that can help pay 1:33:23.960 --> 1:33:25.800 the mortgage, we can create more home ownership in the 1:33:25.800 --> 1:33:27.599 community using that same tool. 1:33:28.439 --> 1:33:31.360 So so so in a way, for those who are 1:33:31.360 --> 1:33:34.879 looking how to replicate what you're doing on the smaller scale, 1:33:35.320 --> 1:33:37.800 one of the things they can do is look to 1:33:37.880 --> 1:33:41.480 take advantage of those government programs in using. 1:33:41.240 --> 1:33:43.559 Their own home buying i e. 1:33:43.680 --> 1:33:48.559 Matt's Home Biased home Buyers or you know, using those 1:33:48.600 --> 1:33:51.360 types of things in their own personal lives to kind 1:33:51.360 --> 1:33:53.400 of replicate on a micro scale what you're doing at 1:33:53.439 --> 1:33:54.240 the macro level. 1:33:54.520 --> 1:33:57.040 Definitely, definitely, and that's actually a way for people that 1:33:57.120 --> 1:33:59.120 have existing rental portfolios if they want to get out 1:33:59.120 --> 1:34:00.720 of them. A lot of people are converted over to 1:34:00.800 --> 1:34:04.479 owner finance, so so basically the same tenants stays in 1:34:04.520 --> 1:34:07.599 the property, but now they're they are buying the property, 1:34:07.640 --> 1:34:09.719 so now they're responsible for the insurance and the taxes 1:34:10.160 --> 1:34:11.599 and all those things. So if you have a Section 1:34:11.680 --> 1:34:13.479 eight tenant and it's a house that you don't want 1:34:13.479 --> 1:34:14.960 to get, you know, you may not want to keep 1:34:14.960 --> 1:34:18.200 in your portfolio, you could actually sell it to them. Yeah, 1:34:18.200 --> 1:34:19.800 and create a homeowner out of one of your tenants, 1:34:19.840 --> 1:34:21.479 especially they've been loyal, long term tenants. 1:34:21.479 --> 1:34:21.640 You know. 1:34:22.680 --> 1:34:25.519 It's it's it's a million ways to uh to make 1:34:25.560 --> 1:34:29.160 that program benefit us more. I appreciate it, brother. 1:34:29.000 --> 1:34:31.280 Thank you author. On one last I just want to 1:34:31.280 --> 1:34:32.960 ask you a question because you're one of our most 1:34:33.000 --> 1:34:37.320 prestigious students at euy L University and you always tap 1:34:37.400 --> 1:34:40.200 into every single thing we got going. Uh, how how 1:34:40.240 --> 1:34:42.479 has your experience been with Eyo University. 1:34:43.040 --> 1:34:45.920 It's been It's been fabulous, man, it's been fabulous. I listen, 1:34:46.000 --> 1:34:49.200 I went to a prestigious all boys prep school in 1:34:49.280 --> 1:34:53.280 high school, Old Farms, I could have went to all 1:34:53.400 --> 1:34:55.280 most of them in the ivy leagues, I end up 1:34:55.280 --> 1:34:57.200 going to George Washington University. 1:34:58.479 --> 1:34:59.920 That's very prestigious school. 1:35:00.040 --> 1:35:01.559 Absolutely, you know what I mean. 1:35:02.040 --> 1:35:05.760 However, in terms of the actual practical knowledge that I 1:35:05.880 --> 1:35:08.880 learned outside of me just working and doing the things 1:35:08.880 --> 1:35:11.040 that I did in my career, I would say this 1:35:11.080 --> 1:35:15.439 has definitely been one of the most comprehensive UH education 1:35:15.680 --> 1:35:17.559 platforms that I've ever been a part of. 1:35:17.800 --> 1:35:18.400 You know what I mean. 1:35:18.479 --> 1:35:20.519 You guys brought me to Chris, you guys brought me 1:35:20.560 --> 1:35:23.559 to matt Uh. You brought me to Beyond, you know 1:35:23.600 --> 1:35:27.560 what I mean. And so in terms of actually executing 1:35:27.680 --> 1:35:31.400 and getting things done, there's there's there's nothing better, you 1:35:31.439 --> 1:35:33.200 know what I mean. I was an econ major, I 1:35:33.240 --> 1:35:36.160 was a finance major, all of that stuff, and it 1:35:36.200 --> 1:35:40.080 doesn't come close to the practical knowledge all of that stuff. 1:35:39.800 --> 1:35:41.320 That they're gonna teach you in the schools. You can go 1:35:41.320 --> 1:35:41.880 google that. 1:35:42.439 --> 1:35:45.680 But this, now, this, get it done, this, this, this, this, 1:35:45.840 --> 1:35:48.919 uh you know, get to sell of financing and transfer 1:35:49.000 --> 1:35:52.559 that into into a private investment for the IRA and 1:35:52.600 --> 1:35:53.439 then transfer that. 1:35:54.800 --> 1:35:55.919 And getting it done. 1:35:56.600 --> 1:35:59.080 They're not gonna teach you that at Harvard and nowhere 1:35:59.080 --> 1:36:02.360 else of it. They're gonna teach you the exact opposite 1:36:02.360 --> 1:36:04.200 of what Chris is teaching. They're gonna teach you how 1:36:04.200 --> 1:36:07.000 to ultimately rape your community. Chris is gonna teach you 1:36:07.040 --> 1:36:08.920 how to get it done and get the bag. So 1:36:09.240 --> 1:36:12.360 I appreciate you fellas for it. I always participate. I'll 1:36:12.360 --> 1:36:15.240 always be highly and you know, I appreciate you guys 1:36:15.280 --> 1:36:16.080 for always letting me. 1:36:16.080 --> 1:36:20.639 Rock, appreciating author, appreciate that most prestigious. 1:36:20.760 --> 1:36:24.360 Often man's extremely extremely intelligent. God Man Market used to 1:36:24.360 --> 1:36:25.639 be a market maker on Wall Street. 1:36:27.240 --> 1:36:30.240 That's our guy. This is another one of our of 1:36:30.280 --> 1:36:32.639 our dudes. Man Park, what's going on? I'm mute yourself. 1:36:33.479 --> 1:36:35.639 What's going on Sunday? 1:36:35.680 --> 1:36:39.120 Bro Man, I was struggling with. 1:36:40.640 --> 1:36:44.200 Now No, I'm making sure I'm coming back out like 1:36:44.200 --> 1:36:50.960 I ain't never missed another episode ever. Yeah, no, thanks 1:36:50.960 --> 1:36:53.920 for all the information, Chris. I just had just one, 1:36:54.240 --> 1:36:58.599 you know, short question. Throughout the whole process that you've done, 1:36:58.840 --> 1:37:01.880 what would you think is like the hardest step that 1:37:01.920 --> 1:37:04.200 you had to take, like before you got to where. 1:37:04.040 --> 1:37:04.760 You're at right now? 1:37:05.960 --> 1:37:08.840 Man, I would say every every step has its own challenges. 1:37:10.840 --> 1:37:14.600 I would say the most the most difficult things I 1:37:14.600 --> 1:37:17.679 had going was when I was trying to figure things 1:37:17.680 --> 1:37:19.720 out on my own and not find somebody that was 1:37:19.760 --> 1:37:21.519 an expert at what I was trying to get done 1:37:21.520 --> 1:37:23.880 and putting them in place to do something to help 1:37:23.920 --> 1:37:27.320 me out. So, I mean, that's really been the biggest thing, man. 1:37:28.000 --> 1:37:30.680 I would say with the new construction project, like the 1:37:30.760 --> 1:37:35.400 roadblock with the infrastructure was pretty tough, and having to 1:37:35.479 --> 1:37:37.519 negotiate with the city to figure out, you know, a 1:37:37.560 --> 1:37:41.760 solution for that. And let me think on the on 1:37:41.800 --> 1:37:43.720 the crowdfund side, I think that the hardest part was 1:37:43.800 --> 1:37:45.559 getting the deal done on the front and just negotiating 1:37:45.600 --> 1:37:48.240 with the sellers and making them understand, you know, why 1:37:48.240 --> 1:37:49.920 I needed them to come down on price and why 1:37:49.960 --> 1:37:52.880 I needed them to sell their finance to me. But yeah, 1:37:52.920 --> 1:37:55.160 I mean every everything, every deal you do, you're gonna 1:37:55.160 --> 1:37:58.240 have a different challenge, So just be prepared for that. 1:37:59.080 --> 1:37:59.920 Appreciate your pop. 1:38:00.040 --> 1:38:02.160 Shout out Chicago man, Chris, can we get like ten 1:38:02.200 --> 1:38:03.559 more minutes of your time? Yeah? 1:38:03.640 --> 1:38:04.240 Yeah. 1:38:04.640 --> 1:38:08.880 Somebody on YouTube shot Yes to real Estate. They sent 1:38:08.960 --> 1:38:12.519 a couple of days. You read that message, No, I know, 1:38:12.600 --> 1:38:16.439 Andre Yes, Okay, okay, yes, it is Andre, Yes to 1:38:16.479 --> 1:38:21.000 real Estate. We're breaking ground on our four townhousing fifth 1:38:21.040 --> 1:38:23.120 Ward two months with three blocks from you. 1:38:23.360 --> 1:38:25.439 So yeah, yeah, you're taking over the whole. 1:38:25.479 --> 1:38:26.719 That's taking over the whole neighborhood. 1:38:26.720 --> 1:38:28.560 I love it and I love it definitely, definitely. 1:38:28.720 --> 1:38:30.360 Well, listen, what's going on? You've been unmuted? 1:38:30.960 --> 1:38:31.120 Hi? 1:38:31.200 --> 1:38:32.040 How are you guys? 1:38:32.400 --> 1:38:33.400 Everything's good. 1:38:33.920 --> 1:38:36.880 Thank you so much for having this open forum. Has 1:38:36.960 --> 1:38:38.840 been very informative. I got on a. 1:38:38.800 --> 1:38:41.000 Little late, but I will rewatch. 1:38:41.720 --> 1:38:46.719 I did want to ask Christopher a question about buying 1:38:46.800 --> 1:38:49.800 back Harlem and what do you suggest. I'm born and 1:38:49.880 --> 1:38:52.960 raised here. I've been approached with a lot of negativity 1:38:53.040 --> 1:38:56.040 and charm in terms of trying to open up a business. However, 1:38:56.040 --> 1:38:58.840 a lot of businesses have closed due to COVID, and 1:38:58.880 --> 1:39:00.600 I just kind of wanted to know a way on 1:39:00.680 --> 1:39:01.479 how to approach that. 1:39:02.960 --> 1:39:06.280 Wow, that's a very There's a lot of variables in 1:39:06.280 --> 1:39:09.799 that equation, right, because, number one, the type of business 1:39:09.800 --> 1:39:13.160 you're gonna want to start. You know, when you see 1:39:13.160 --> 1:39:15.240 a bunch of businesses closing, don't think it's for no reason. 1:39:15.240 --> 1:39:18.479 You know they're closing because they tried to stay open 1:39:18.520 --> 1:39:21.559 and they couldn't. Now, I mean, of course, that is 1:39:21.600 --> 1:39:23.880 going to open a new way of opportunity on the backside. 1:39:25.439 --> 1:39:28.880 But I'm not really familiar with the Harlem market or 1:39:28.920 --> 1:39:31.040 like the price points there, so I wouldn't want to 1:39:31.080 --> 1:39:34.479 give you any bad advice. It's not cut her blanket 1:39:34.479 --> 1:39:41.880 across the board, so I would say, maybe do what 1:39:41.920 --> 1:39:44.519 I would do in any situation is find local experts 1:39:44.560 --> 1:39:48.240 that are doing what you're trying to do. Maybe talk 1:39:48.280 --> 1:39:53.599 to a commercial broker that has clients that have bought 1:39:53.640 --> 1:39:57.320 businesses or rented spaces to start businesses and have closed 1:39:57.360 --> 1:40:01.000 those businesses and find out what challenges their clients had 1:40:01.520 --> 1:40:03.519 and then figure out, you know, your next move. So 1:40:04.000 --> 1:40:06.360 uh yeah, don't don't go into it blindly, don't don't 1:40:06.360 --> 1:40:08.439 go into it trying to figure it out your own 1:40:08.439 --> 1:40:08.760 for sure. 1:40:09.120 --> 1:40:10.600 I'm gonna be honest. And it's like, you know, we 1:40:10.680 --> 1:40:12.080 live in New York. We've been in New York our 1:40:12.200 --> 1:40:14.639 entire lives. Our whole family has been in New York 1:40:14.680 --> 1:40:17.880 their entire lives pretty much. And you know, I was 1:40:17.920 --> 1:40:21.439 always really pro New York. I still am, you know, York, 1:40:22.360 --> 1:40:25.960 but the more I travel, I've been traveling a lot lately, and. 1:40:28.160 --> 1:40:30.760 Don't do it. Don't do it, don't do it, don't 1:40:30.760 --> 1:40:31.760 do it. I ain't gonna let do it. 1:40:31.760 --> 1:40:33.960 Don't do it now. The one thing that Donald Trump 1:40:34.000 --> 1:40:35.680 said is like, I don't know if the city's ever 1:40:35.680 --> 1:40:38.680 really gonna fully recover. And it's so much regulation, it's 1:40:38.720 --> 1:40:41.440 so much red tape, it's so much hassle. The prices 1:40:41.640 --> 1:40:44.759 are through the roof in every neighborhood. It's just really, 1:40:44.800 --> 1:40:47.759 you know, for me, I'm like, you go to places 1:40:47.800 --> 1:40:52.840 like Atlanta, you just travel around and it's I don't know, man, 1:40:52.960 --> 1:40:58.920 New York City is it's vastly becoming overrated. It hurts 1:40:58.960 --> 1:41:00.880 my heart to say that, really hurts my heart to 1:41:00.920 --> 1:41:03.559 say that. But it's it's it's I think it's I 1:41:03.560 --> 1:41:04.200 think it's true. 1:41:05.120 --> 1:41:08.160 I appreciate that you said that. It's it's it's it's 1:41:08.240 --> 1:41:11.240 challenging times for our city, man. But hopefully we'll we're 1:41:11.280 --> 1:41:17.120 covering hopefully. Maybe not. I'm just I'm just optimistic. I 1:41:17.160 --> 1:41:18.400 wouln't be optimistic about it. 1:41:19.040 --> 1:41:24.920 Uh, head to Atlanta. 1:41:23.280 --> 1:41:26.479 Jerome, Jerome, I mute yourself. You've been unmuted. What's going on? 1:41:28.200 --> 1:41:28.360 Yo? 1:41:28.439 --> 1:41:28.760 What up? 1:41:28.800 --> 1:41:29.559 What up? What up? 1:41:29.600 --> 1:41:29.800 Man? 1:41:29.960 --> 1:41:30.639 What's going on? 1:41:32.280 --> 1:41:34.559 I guess my question is branched off of some of 1:41:34.560 --> 1:41:38.000 the things that have been answered already. But Chris you 1:41:38.080 --> 1:41:41.960 talked about earlier in your slides. Well, first of all, 1:41:42.040 --> 1:41:44.200 you know, buying back the block you always when you 1:41:44.240 --> 1:41:48.280 come from you know, lower income black neighborhoods, that's always 1:41:48.280 --> 1:41:50.320 the dream you and your homeboys like, Yo, you know 1:41:50.320 --> 1:41:51.800 what I mean, I'm a buy back to block on 1:41:51.880 --> 1:41:55.040 by this. Well, I guess in my case, I got 1:41:55.080 --> 1:41:56.520 I got some of my homeboys. 1:41:56.840 --> 1:41:59.759 We all kind of got a financial background of some sorts. 1:42:00.560 --> 1:42:01.479 But we're new to this. 1:42:01.600 --> 1:42:04.360 And I know you said that don't all come in 1:42:04.520 --> 1:42:07.720 as rookies as novice. So I guess my question is 1:42:08.240 --> 1:42:11.679 where would you start to find someone who understands these 1:42:11.680 --> 1:42:13.599 contracts where you like, yo, you know what I mean, 1:42:13.640 --> 1:42:16.600 I'm a I'm a put down this amount, but you 1:42:16.600 --> 1:42:19.200 can become a partner or you know, like I'm a 1:42:19.400 --> 1:42:20.320 seller finance. 1:42:20.360 --> 1:42:23.360 So how do I find outside of just networking? 1:42:23.439 --> 1:42:26.920 Because I know Troy and Rashada was like they found 1:42:27.000 --> 1:42:29.200 somebody in Cleveland that they can trust. 1:42:29.479 --> 1:42:31.400 So one is trust and two. 1:42:31.280 --> 1:42:32.160 Do you go look? 1:42:32.360 --> 1:42:34.439 I mean, do you look for a professional? I guess 1:42:34.479 --> 1:42:36.880 this is a big question, but do you look for 1:42:36.920 --> 1:42:39.120 a professional? How do you find somebody to join your 1:42:39.160 --> 1:42:42.479 group that not only you trust, but has that knowledge 1:42:42.479 --> 1:42:45.639 of not just book knowledge, but knowledge. Just say, all right, 1:42:45.680 --> 1:42:48.920 when this happens, this, you know this, this like that's 1:42:48.960 --> 1:42:50.720 I guess that's my question, if that makes any sense. 1:42:50.720 --> 1:42:52.520 So where are you located? 1:42:53.439 --> 1:42:55.400 So I'm located in Virginia right now. 1:42:55.400 --> 1:42:59.559 I live in northern Virginia, but I'm from southern Virginia, Hampton, 1:43:00.320 --> 1:43:02.559 like in the Hampton University area, if you know, if 1:43:02.560 --> 1:43:06.080 you're familiar with that, Norfolk State, some HBCUs in the area. 1:43:07.040 --> 1:43:12.160 But it's a lot of areas black areas Newport News, Norfolk, Portsmouth. 1:43:12.800 --> 1:43:17.680 That are on the verge of I would say gentrification, 1:43:17.760 --> 1:43:18.920 but they not quite there yet. 1:43:18.920 --> 1:43:20.519 And we're trying to get active in the market. 1:43:20.520 --> 1:43:23.759 But you know, we don't have that that that that game, 1:43:23.880 --> 1:43:26.280 that real game, not just open up a book game. 1:43:26.320 --> 1:43:28.160 But like you said, you you know all the ins 1:43:28.200 --> 1:43:30.280 and outs, and we're just trying to look for something 1:43:30.360 --> 1:43:30.719 like that. 1:43:31.560 --> 1:43:31.760 Man. 1:43:31.840 --> 1:43:34.280 So I would say, once again, just trying to find 1:43:34.640 --> 1:43:39.439 local mentors and not necessarily, not necessarily somebody to invest 1:43:39.479 --> 1:43:41.759 with you, but maybe you have to just pay somebody 1:43:41.800 --> 1:43:44.559 for the knowledge for the time, you know, just to 1:43:44.560 --> 1:43:47.599 get into it. But you know, I got a platform 1:43:47.600 --> 1:43:49.080 called learn from Chris dot com. You can go in 1:43:49.120 --> 1:43:50.599 there and they'll give you a lot of the basic 1:43:50.640 --> 1:43:53.080 information and then that'll put you in a position if 1:43:53.120 --> 1:43:55.000 you want to go talk to somebody locally, because sometimes 1:43:55.520 --> 1:43:58.160 active investors don't want to deal with people that they 1:43:58.160 --> 1:44:01.960 can tell are completely green, you know, So if you 1:44:02.000 --> 1:44:04.120 can go in there and get yourself acclimated some things. 1:44:04.160 --> 1:44:06.439 Go to YouTube. There's a lot of stuff on there, 1:44:07.400 --> 1:44:09.920 and I'm not trying to be cliche, but I'm saying, like, 1:44:10.200 --> 1:44:12.160 try to get yourself as educated as possible so that 1:44:12.200 --> 1:44:13.519 when you get in front of these people you can 1:44:13.560 --> 1:44:15.880 have an intelligent conversation with them about what you're trying 1:44:15.880 --> 1:44:19.000 to do. And man, Virginia has a lot a lot 1:44:19.040 --> 1:44:22.320 of investors. I mean, you could between Instagram, I know, 1:44:22.439 --> 1:44:25.880 I know several between Instagram and Facebook that might be 1:44:25.920 --> 1:44:28.640 able to help you. You can also look up local meetups, 1:44:29.000 --> 1:44:31.760 you know, just type in whatever nearest big city to 1:44:31.840 --> 1:44:35.080 you and investment meetups and that'll bring you to some 1:44:35.080 --> 1:44:36.960 some groups that may have somebody's willing to work with you. 1:44:37.320 --> 1:44:41.760 But man, networking between social media platforms like Earn your 1:44:41.840 --> 1:44:48.040 Leisure and and uh yeah, just the Facebook groups. Man, 1:44:48.200 --> 1:44:49.960 I'm pretty sure you can find somebody if if you 1:44:50.040 --> 1:44:51.639 all looking. 1:44:50.640 --> 1:44:52.559 And like I said, we're gonna we're going through that 1:44:52.600 --> 1:44:53.480 on our Facebook. 1:44:54.160 --> 1:44:56.000 Yeah, Chris, I'm gonna take a quote and Jerome you 1:44:56.040 --> 1:44:57.760 can you can use this quote and apply it. 1:44:57.800 --> 1:44:57.960 Man. 1:44:57.960 --> 1:44:59.360 I took this right from your page. I was like, 1:44:59.400 --> 1:45:01.680 this is dope. You said there's three things you need 1:45:01.720 --> 1:45:04.360 to be successful. The knowledge, the opportunity, the money. One 1:45:04.400 --> 1:45:06.760 you can control. The two y'all gotta find that's it. 1:45:07.640 --> 1:45:11.519 So take that with you, Jerome, Knowledge, opportunity, money one 1:45:11.520 --> 1:45:14.840 you control too. You gotta go find my man, appreciate you. 1:45:14.960 --> 1:45:19.360 Sure when you see me running through Atlanta in La 1:45:19.520 --> 1:45:24.200 Los Angeles, Houston, Texas and these things La too. It's 1:45:24.240 --> 1:45:26.160 a great cloud over New York right now. 1:45:26.880 --> 1:45:29.479 I've seen b Rude put your Headlanta Headquarters all the 1:45:29.520 --> 1:45:30.000 way e y. 1:45:30.200 --> 1:45:32.320 Lanta Headquarters is already it's already up and running. But 1:45:32.400 --> 1:45:35.320 we already said that we're re ramping it. We Yeah, 1:45:35.439 --> 1:45:37.080 we got be Rue. We got to meet up somewhere. 1:45:37.160 --> 1:45:37.320 Man. 1:45:37.520 --> 1:45:39.400 I know you in DC, but when we're Atlanta, you 1:45:39.439 --> 1:45:40.720 gotta come come check us out. 1:45:40.720 --> 1:45:43.439 Shout out to d C. Shout out to PG County. Shot. 1:45:43.479 --> 1:45:45.000 The earth is big though. That's why I know, shout 1:45:45.000 --> 1:45:47.040 out to New York. It's New York forever. But I 1:45:47.160 --> 1:45:51.000 just say that halfway joking, only halfway. But the earth 1:45:51.080 --> 1:45:53.320 is big though. We can't just be stuck in our neighborhood. 1:45:53.320 --> 1:45:55.519 It's just like if something is too out of expensive 1:45:55.600 --> 1:45:58.799 or something is just you know, never be afraid to expand, 1:45:58.960 --> 1:46:00.920 like you know, this is this is this is a 1:46:01.040 --> 1:46:03.799 large earth that we live in, even out of the country, 1:46:03.840 --> 1:46:05.040 Like you know what I mean, Like there's no there's 1:46:05.040 --> 1:46:07.120 no limits to anything that we do in life. And 1:46:07.160 --> 1:46:09.800 we put we put geographic limits on ourselves because where 1:46:09.800 --> 1:46:11.840 we're from, the neighborhoods that we grew up in in 1:46:11.840 --> 1:46:14.439 our family. But you never know, you might be pleasantly 1:46:14.479 --> 1:46:16.920 surprised when you start to travel and you see different 1:46:16.920 --> 1:46:19.320 areas and it's different opportunities, and it's different cultures and 1:46:19.360 --> 1:46:23.320 different people and they have different dialects. So you know, me, 1:46:23.439 --> 1:46:25.679 I love to travel Troy, Troy gonna be here forever. 1:46:25.800 --> 1:46:28.040 But I love York. But our wise man told me. 1:46:28.080 --> 1:46:29.880 This man he said this to us the other day. 1:46:30.200 --> 1:46:31.600 He said, go where you're celebrated. 1:46:31.920 --> 1:46:32.720 That's a fact too. 1:46:32.840 --> 1:46:33.840 Go where you're celebrated. 1:46:33.960 --> 1:46:34.160 Man. 1:46:34.240 --> 1:46:36.839 I was like, oh, well, we're always gonna be celebrated 1:46:36.880 --> 1:46:38.080 in New York, Brooklyn. 1:46:37.680 --> 1:46:41.640 Shot you celebrate. I was like, that's powerful. Natalie, what's up? 1:46:41.680 --> 1:46:46.559 I'm yourself. You've been unmuted. Has been on point today 1:46:47.240 --> 1:46:49.880 on Natalie. Right when I say that, you know how 1:46:49.880 --> 1:46:53.679 his work ain't no frish breaks. So Natalie, we gotta 1:46:53.720 --> 1:46:56.920 move on. We gotta move on. Uh, let's go to Samantha. Samantha, 1:46:56.960 --> 1:47:02.439 we I'm muting you. I'mute yourself. Hello, there we go. 1:47:02.520 --> 1:47:04.400 Let's keep this thing rolling. Samantha, thank you. 1:47:05.280 --> 1:47:14.000 I got thig so good evening, everyone, Good evening. Shout 1:47:14.000 --> 1:47:16.519 out to the earners and my cousins that are listening. 1:47:16.560 --> 1:47:20.160 I sent this to them. We have started our own 1:47:20.200 --> 1:47:25.000 investment group. Our overall goal, or one of our overall goals, 1:47:25.040 --> 1:47:27.799 would be to do this in Jamaica because our families 1:47:27.800 --> 1:47:30.960 from there, our parents are from Saint Anne, and but 1:47:31.600 --> 1:47:32.719 you know we have to start small. 1:47:33.360 --> 1:47:35.559 Yeah yeah, I'm with that. Shout out to Jamaica. 1:47:36.960 --> 1:47:42.439 So my question is how did you structure the business? 1:47:42.479 --> 1:47:44.880 Did you do it on your own? And then do 1:47:44.960 --> 1:47:48.479 like a joint venture with other people or did you 1:47:48.520 --> 1:47:50.120 all create your own business? 1:47:50.120 --> 1:47:53.040 How did that work? Yeah, that's a great question. So 1:47:53.439 --> 1:47:56.680 each project I do has its own individual entity, so 1:47:56.720 --> 1:48:00.879 its own individual LLC, and that LLC owns the project, 1:48:01.360 --> 1:48:03.760 and so there's several ways you can structure from there. 1:48:04.600 --> 1:48:08.000 It depends on who is playing what role. So if 1:48:08.040 --> 1:48:11.200 you're bringing on other investors, some of them may want 1:48:11.240 --> 1:48:14.720 to be a member of your LLC, some of them 1:48:14.800 --> 1:48:18.040 want to joint venture where your two LLCs work together 1:48:19.000 --> 1:48:21.200 some of you. Some of them may want if they 1:48:21.240 --> 1:48:23.080 just want to be passive investors, you may have to 1:48:23.680 --> 1:48:27.519 structure something where they are in a limited partnership with you, 1:48:27.520 --> 1:48:30.519 where you are the general partner that makes decisions and 1:48:30.560 --> 1:48:33.080 they are like a passive limited partner that may get 1:48:33.560 --> 1:48:38.240 the first returns out of the deal. So it varies greatly. 1:48:38.360 --> 1:48:41.360 It really depends on the scope of the project you're 1:48:41.400 --> 1:48:44.519 trying to do. I mean, there's nothing wrong with all 1:48:44.640 --> 1:48:47.240 y'all just putting together and doing one LLC if that's 1:48:47.240 --> 1:48:51.160 what you want for the first project. Of course, this 1:48:51.320 --> 1:48:55.719 is not legal advice. You always just see legal counsel. 1:48:56.280 --> 1:48:58.320 But yeah, so, like I said, each project I do 1:48:58.439 --> 1:48:59.639 is different structure a little different? 1:49:04.240 --> 1:49:06.600 No, that was that was That was a great question, Samantha. 1:49:06.640 --> 1:49:07.320 Appreciate you. 1:49:07.439 --> 1:49:09.080 Let's go to one more. Let's go to one more. 1:49:09.439 --> 1:49:11.960 And I see that Shannon is telling you the contact her. 1:49:12.720 --> 1:49:15.439 So here, Shannon up, she's in the chat here, Shannon. 1:49:15.520 --> 1:49:16.240 Shout out to Shannon. 1:49:16.280 --> 1:49:17.000 Let's get one more. 1:49:17.560 --> 1:49:19.960 Let's see. Let's see this is a we haven't seen 1:49:19.960 --> 1:49:22.639 this name before. We haven't seen this name before. Ashley. 1:49:22.680 --> 1:49:25.400 We're coming to you, Ashley, what's going on? I'm mute yourself. 1:49:25.400 --> 1:49:26.080 You've been unmuted? 1:49:26.439 --> 1:49:27.400 What okay? 1:49:27.439 --> 1:49:31.000 Sorry, I'm so excited because that part. 1:49:31.880 --> 1:49:32.560 Sorry. 1:49:33.920 --> 1:49:39.320 I appreciate y'all for allowing me to speak and ask questions. Chris, 1:49:39.360 --> 1:49:41.000 I want to thank you for what you're doing for 1:49:41.040 --> 1:49:44.960 the city of Houston. I'm originally from Houston. My dad 1:49:45.080 --> 1:49:49.679 was born and raised in fifth Ward, Great a really 1:49:49.680 --> 1:49:52.880 special place in my heart. My major was urban planning. 1:49:52.960 --> 1:49:55.760 I went to Brown University. I'm a little nervous, I'm sorry. 1:49:56.040 --> 1:49:59.679 With to Brown University, studied urban planning, came back home 1:49:59.720 --> 1:50:03.679 and like, man, I see this happening, Like I could 1:50:03.680 --> 1:50:05.679 tell all the things that you've been talking about. 1:50:06.600 --> 1:50:11.080 When you see stuff like infrastructure coming to. 1:50:11.000 --> 1:50:17.320 A place, like you said, sidewalks even down to bus 1:50:17.360 --> 1:50:20.280 buses or light rails coming into a community that were 1:50:20.320 --> 1:50:21.160 never there before. 1:50:21.680 --> 1:50:22.719 That's another marker. 1:50:22.960 --> 1:50:26.880 And I just started seeing this like, man, when are 1:50:26.920 --> 1:50:28.840 we gonna all get on the same page? And to 1:50:28.880 --> 1:50:31.680 see you do it? I moved away from Houston. Unfortunately 1:50:31.760 --> 1:50:34.439 I didn't have the opportunity to invest. I mean I 1:50:34.520 --> 1:50:37.240 will now and I have the tools and I've been 1:50:37.280 --> 1:50:41.000 learning these last few years. But I left Houston because 1:50:41.040 --> 1:50:43.320 a lot of people weren't willing to give me the 1:50:43.360 --> 1:50:47.080 opportunity to work in urban planning and real estate development 1:50:47.360 --> 1:50:50.400 because I didn't have the experience. I just had the knowledge, 1:50:50.479 --> 1:50:54.240 and I came to LA and I come back to 1:50:54.280 --> 1:50:56.479 Houston and I just see it, like every month I've 1:50:56.520 --> 1:50:58.400 been coming back for the last three months, and like 1:50:58.880 --> 1:51:02.519 it's happening. I've been telling people and you know, Paul 1:51:02.560 --> 1:51:07.559 revereing it like, hey, gri grification is coming, Like you know, 1:51:07.680 --> 1:51:11.600 these people are moving in here with you know, their privilege, 1:51:12.200 --> 1:51:15.479 but they don't have you know, the roots here. 1:51:15.560 --> 1:51:17.760 They're there for the capitalist opportunities. 1:51:18.400 --> 1:51:21.880 And my one reason why I raised my hand, had 1:51:21.880 --> 1:51:24.240 no idea they were gonna call me, but I wanted 1:51:24.280 --> 1:51:29.200 to thank you personally, even if it's via zoom. I 1:51:29.560 --> 1:51:35.120 appreciate what you're doing and sparking even the thought because unfortunately, 1:51:35.320 --> 1:51:37.240 the reason why I moved from Houston too is a 1:51:37.240 --> 1:51:41.000 lot of people were so driven on being corporate, corporate, 1:51:41.000 --> 1:51:44.559 corporate only and we see something like COVID happening where 1:51:45.040 --> 1:51:47.920 the rug is pulled out from everybody and you know, 1:51:48.560 --> 1:51:52.160 either you had that mindset of pivoting or now you're 1:51:52.200 --> 1:51:55.920 fumbling to get there. And the platform like ey L 1:51:56.080 --> 1:51:58.600 is helping, you know, people all over the globe to 1:51:59.120 --> 1:52:00.400 really learn how to pivot. 1:52:01.160 --> 1:52:02.519 And I appreciate you guys. 1:52:02.560 --> 1:52:05.000 I'm I'm an earn I've been an earnest since March, 1:52:05.600 --> 1:52:08.960 and I've been telling people like, hey, you you need 1:52:09.000 --> 1:52:11.120 to get with I mean, I appreciate y'all putting it 1:52:11.120 --> 1:52:14.559 on YouTube, but getting in the community is totally different. 1:52:14.640 --> 1:52:17.280 Like you mentioned, when you talk to a stranger and 1:52:17.320 --> 1:52:21.519 they're believing in you and and giving you resources, you 1:52:21.640 --> 1:52:23.120 have to be able to tap into that. 1:52:23.360 --> 1:52:27.639 So my haning what was due. I mean, luckily I. 1:52:27.600 --> 1:52:30.120 Did it early, so you know, you always reward the 1:52:30.160 --> 1:52:33.360 people that adopt early, and I appreciate you, guys, but 1:52:33.680 --> 1:52:35.760 you know it's still valuable at the price that it 1:52:35.840 --> 1:52:41.360 is now. Chris, I will ask as I'll get to 1:52:41.400 --> 1:52:45.040 my question. I'm sorry for I'm trying to I'm trying 1:52:45.080 --> 1:52:53.439 to get thank y'all. But being in another city, do 1:52:53.560 --> 1:52:57.720 you think it's feasible? I because I have some of 1:52:57.720 --> 1:53:00.360 the knowledge I have, I see it and this is 1:53:00.400 --> 1:53:02.720 happening in every city in the country, you guys, So 1:53:02.760 --> 1:53:06.240 wherever you are, you you can tap in. But do 1:53:06.320 --> 1:53:09.599 you feel it's possible to be an investor from long 1:53:09.680 --> 1:53:10.320 distance or. 1:53:10.320 --> 1:53:12.960 Do you feel like you need to be in that 1:53:13.040 --> 1:53:13.840 specific city. 1:53:13.840 --> 1:53:17.120 I mean, la Is prices are going down because so 1:53:17.160 --> 1:53:19.640 many people moved, so the demand is not there. But 1:53:21.040 --> 1:53:23.920 you know, say, for instance like a Arizona or Nevada. 1:53:24.000 --> 1:53:24.839 I don't live. 1:53:24.720 --> 1:53:27.880 There, but I can tell that those cities, the cities there, 1:53:27.880 --> 1:53:32.559 are gonna gonna be moving into a redevelopment phase soon. 1:53:32.680 --> 1:53:34.479 So what is your advice on that. 1:53:35.520 --> 1:53:37.880 You can definitely invest anywhere in the country. I mean, 1:53:38.600 --> 1:53:40.439 it's all about having a team in place, right. It's 1:53:40.439 --> 1:53:42.680 no different than investing in a stock. But you don't 1:53:42.680 --> 1:53:44.120 know where the headquarters is. You don't know where the 1:53:44.160 --> 1:53:46.439 CEO is, you don't know where the factory is. You 1:53:46.479 --> 1:53:48.200 just have to have the right systems and the right 1:53:48.400 --> 1:53:50.800 team around you. So whatever city you're going to, you're 1:53:50.840 --> 1:53:53.479 gonna need a good realtor, a good property manager, a 1:53:53.479 --> 1:53:57.240 good contractor, and somebody that can manage them, you know, 1:53:58.160 --> 1:54:00.759 and or you have to have good open communication with them, 1:54:01.000 --> 1:54:02.800 or you know, local investors that you partner with. That's 1:54:02.800 --> 1:54:04.679 probably the easiest way to get into a new market 1:54:05.160 --> 1:54:07.679 instead of trying to do it on your own. So yeah, 1:54:07.760 --> 1:54:09.920 it's definitely possible. I know, I know some friends that 1:54:10.040 --> 1:54:11.680 only invest out of town. They don't even invest in 1:54:11.680 --> 1:54:14.440 the city they live in. So it's definitely practical. 1:54:15.600 --> 1:54:16.160 Appreciate you. 1:54:16.200 --> 1:54:20.000 Appreciate your thank you, ladies and gentlemen. Chris. They said 1:54:20.000 --> 1:54:25.800 that you look tired. Man. Hustlers don't sleep. 1:54:25.600 --> 1:54:28.919 Man, I'm telling you. They they say, Troy, you suspended 1:54:28.960 --> 1:54:33.720 all guidelines to man. I gotta get used to Wednesday. 1:54:35.080 --> 1:54:37.600 Now, Chris, Man, I really really, really really appreciate it. 1:54:37.600 --> 1:54:39.879 We're going to go into some more stuff with Chris, 1:54:40.120 --> 1:54:42.400 but before before we wrap, I want to give Chris 1:54:42.400 --> 1:54:45.440 the last word. But before we finish, once again, if 1:54:45.480 --> 1:54:48.200 anybody has just joined at this point in time. This 1:54:48.440 --> 1:54:51.440 was just a you know, open house of what we 1:54:51.480 --> 1:54:54.040 do once a month for Eyo University. If you're interested 1:54:54.080 --> 1:54:56.600 in joining Eyo University. We have a Facebook group, we 1:54:56.680 --> 1:54:59.080 have a book club, movie club, We do bi weekly 1:54:59.080 --> 1:55:01.680 real estate called the Mortgage Guy. We do. We do 1:55:01.760 --> 1:55:04.360 these type of classes every single week, every Wednesday. And 1:55:04.400 --> 1:55:07.200 there's archives, like over seventy five archive classes. So as 1:55:07.200 --> 1:55:08.640 soon as you join, you have access to all of 1:55:08.640 --> 1:55:11.240 that stuff and everything from disability insurance to how to 1:55:11.280 --> 1:55:15.560 buy a car, to host the real estate wholesaling, everything. 1:55:15.760 --> 1:55:19.080 New orientation for new earners, accountability, try it. 1:55:19.240 --> 1:55:20.200 What date is the orientation? 1:55:20.360 --> 1:55:24.160 There's going to be November fourteenth. If I'm not mistaken, 1:55:24.320 --> 1:55:26.560 I could be ye, November fourteen. 1:55:26.280 --> 1:55:30.880 November fourteenth at one o'clock. We have November twenty first 1:55:31.000 --> 1:55:33.919 we have orientation. We treating this like it's a real university, 1:55:33.960 --> 1:55:35.920 so like you know when you go to school and 1:55:36.360 --> 1:55:38.960 you have freshmen orientation. So you know, we have a 1:55:39.000 --> 1:55:41.640 lot of different spots. We got we got our Facebook group, 1:55:41.680 --> 1:55:43.840 we got the website, so it might be kind of 1:55:43.880 --> 1:55:46.240 hard for people to navigate. So we got orientation on 1:55:46.280 --> 1:55:48.960 the twenty first, and yeah, man, this is this is 1:55:49.000 --> 1:55:53.240 definitely gonna be the biggest, the biggest educational platform in existence. 1:55:53.720 --> 1:55:56.160 And twenty four hours and twenty four hours, the price 1:55:56.200 --> 1:55:58.680 goes up. So if you're interested in joining, the link 1:55:58.760 --> 1:56:01.720 is in only the link, the only discount link is 1:56:02.240 --> 1:56:05.160 in YouTube because uh, we didn't want to do a 1:56:05.200 --> 1:56:08.160 cold because there's issues with the cold. So just hit 1:56:08.200 --> 1:56:10.520 the hit the link in YouTube. It's pinned. I'll put 1:56:10.520 --> 1:56:14.040 it in the comments section again. And yeah, man, if 1:56:14.040 --> 1:56:16.800 you're interested in joining, it's only up from here. It's 1:56:16.800 --> 1:56:19.040 only up from here. But Chris, I want to give 1:56:19.080 --> 1:56:21.800 you the final word because I mean, we're going to 1:56:21.880 --> 1:56:23.320 be doing some more stuff together. I don't know if 1:56:23.320 --> 1:56:25.000 you're ready to talk about that or not yet. 1:56:24.840 --> 1:56:26.400 But yout it. 1:56:28.200 --> 1:56:32.000 You know, yeah, e y L E y L Podcast Network. 1:56:32.880 --> 1:56:34.800 You obviously know that. You know, the people know we 1:56:34.840 --> 1:56:38.000 have a strong track record with our our show, our 1:56:38.040 --> 1:56:42.800 podcast and market Mondays. We said earlier, like in March, 1:56:42.920 --> 1:56:44.520 like we want to we want to work with other 1:56:44.600 --> 1:56:47.560 creatives and other entrepreneurs and different people to kind of, 1:56:47.560 --> 1:56:50.080 you know, help them out as far as their journey 1:56:50.240 --> 1:56:55.160 in podcasting and market Mondays was our first experiment and 1:56:55.720 --> 1:56:59.840 that was wildly successful experiment. So now we we we 1:57:00.280 --> 1:57:04.200 got a long list of other people that we're gonna 1:57:04.200 --> 1:57:08.760 bring on the label. And Chris, Chris hit me up, man, 1:57:08.960 --> 1:57:12.120 so I think, yeah, we're gonna we're gonna work on 1:57:12.120 --> 1:57:12.880 that podcast. 1:57:12.960 --> 1:57:13.160 Man. 1:57:14.400 --> 1:57:16.480 It's long overdue for me. Man, I just didn't have 1:57:16.520 --> 1:57:18.440 the capacity to do it on my own. So it's 1:57:18.440 --> 1:57:28.200 an honor to partner with the number one. 1:57:25.920 --> 1:57:28.560 And and and this just just this just goes to show, like, 1:57:28.600 --> 1:57:32.040 you know, we're working together. You know young black entrepreneurs. 1:57:32.080 --> 1:57:34.920 Christ is in real estate, we're in the media space, 1:57:35.400 --> 1:57:37.840 and he recognized that we can we can bring some 1:57:37.960 --> 1:57:40.200 value to him, he can bring some value to us. 1:57:40.240 --> 1:57:43.720 So instead of us working apart, we're much stronger if 1:57:43.800 --> 1:57:46.280 if we come together. And if you know, all of 1:57:46.320 --> 1:57:49.840 these big corporations can have podcast networks. I can't. Why 1:57:49.840 --> 1:57:52.160 can't you, y, I'll have a podcast network and all 1:57:52.160 --> 1:57:54.800 of the relationships that we built and build it out 1:57:54.840 --> 1:57:57.680 from there. So yeah, you heard it first. You heard 1:57:57.680 --> 1:57:59.080 it first, ladies and gentlemen, this. 1:57:59.080 --> 1:58:02.320 Is breaking news alert. Look, look we got so we 1:58:02.440 --> 1:58:04.280 got a couple more breaking news letters that we're going 1:58:04.320 --> 1:58:06.080 We ain't ready to announce him. Yeah, but trust me, 1:58:06.120 --> 1:58:07.120 the label growing. 1:58:06.960 --> 1:58:10.920 Oh no, it's gonna be like Roeller. It's gonna be 1:58:10.960 --> 1:58:14.520 like Rock in the early label growing. 1:58:14.640 --> 1:58:16.880 Yeah, expeditionous. 1:58:19.280 --> 1:58:21.880 But how can they? How can they? Your crowdfund? You 1:58:21.920 --> 1:58:25.200 said your crowdfund is full, but talk about that as 1:58:25.200 --> 1:58:26.600 far as like, are you going to open up a 1:58:26.600 --> 1:58:29.760 new crowdfund? What's your plans as far as your development, like, 1:58:29.840 --> 1:58:31.600 let the people know how they can follow you, all 1:58:31.600 --> 1:58:33.760 the information that you you know you have to give 1:58:33.800 --> 1:58:34.760 to the people. Yeah. 1:58:34.800 --> 1:58:37.440 Man, so right now, I'm I'm actively looked at a 1:58:37.440 --> 1:58:40.000 few different projects that I may use for the next crowdfund. 1:58:40.000 --> 1:58:42.200 I have not figured it out yet, but as soon 1:58:42.240 --> 1:58:45.800 as I do, everybody will know and Euyo probably the 1:58:45.800 --> 1:58:49.320 first ones to know about it. Yeah, so just stay 1:58:49.320 --> 1:58:51.200 tuned for that. I can technically, you're going to do 1:58:51.240 --> 1:58:53.200 one a year if if you hit the max. So uh, 1:58:53.560 --> 1:58:56.200 actually in the November, I'll be able to start putting 1:58:56.200 --> 1:58:58.520 another one together. Yeah. So if you want to follow me, 1:58:59.040 --> 1:59:03.680 just understand investor on Instagram. I have a YouTube channel. 1:59:04.560 --> 1:59:06.920 Like I said, if you want to learn more about 1:59:07.360 --> 1:59:10.600 real estate investing specifically, you can go to learn from 1:59:10.680 --> 1:59:12.640 Chris dot Com I have actually have a free guide 1:59:12.640 --> 1:59:14.880 on five strategies where you can invest passively. So for 1:59:14.960 --> 1:59:17.240 the busy people that don't have time and don't want 1:59:17.280 --> 1:59:20.040 to be active wholesalers or flippers, I got five strategies 1:59:20.160 --> 1:59:21.960 that I can that I'm showing you how you can 1:59:22.280 --> 1:59:25.880 truly invest passively and still make money. Yeah. So, and 1:59:26.960 --> 1:59:29.440 that that also leads into a membership group where I'm 1:59:29.480 --> 1:59:34.880 probably one of the only instructors online that has courses 1:59:34.920 --> 1:59:37.720 that's actually talking about gentrification, talking about crowdfunding and all 1:59:37.760 --> 1:59:40.800 those things inside the platform as well. So, yeah, man, 1:59:40.880 --> 1:59:43.960 learn from Chris dot Com investor on Instagram. That's pretty 1:59:44.000 --> 1:59:44.280 much it. 1:59:45.560 --> 1:59:50.840 There you have it, But investor is underscore. I n 1:59:51.320 --> 1:59:53.480 V as t R. Yeah. 1:59:53.600 --> 1:59:55.520 Yeah, the only vowel is the I. 1:59:57.880 --> 1:59:57.960 Are. 1:59:58.240 --> 1:59:59.720 You Just go to the earn your Leisure page and 1:59:59.760 --> 2:00:01.520 click click my Yeah. 2:00:01.840 --> 2:00:04.680 We put his Instagram in the description of this video 2:00:04.800 --> 2:00:07.320 as well. The fact you definitely should follow Chris on 2:00:07.360 --> 2:00:08.640 Instagram a lot a lot of gyms. 2:00:08.720 --> 2:00:10.320 Yeah legend. That's why I said. We don't throw around 2:00:10.320 --> 2:00:12.280 the word legend a lot, but this guy definitely is 2:00:12.320 --> 2:00:14.600 one man. So shout out to Houston to the third World, 2:00:14.840 --> 2:00:21.240 third Ward, fifth Ward. Shout to Beyonce, I you parking 2:00:21.280 --> 2:00:23.760 joint drove tomorrow too, so be on on Friday. Look 2:00:23.920 --> 2:00:24.840 on the lookout. 2:00:25.160 --> 2:00:27.920 Shout shout of Dallas, Texas too. I was out there 2:00:27.960 --> 2:00:29.920 for the first time, my first time in Dallas and 2:00:30.320 --> 2:00:31.960 that's a dope city too. Now we just got to 2:00:32.000 --> 2:00:35.120 go to Austin. We got going to Austin, Texas. But 2:00:35.840 --> 2:00:38.600 shout out to the whole state of Texas. Don't mess 2:00:38.640 --> 2:00:41.600 with Texas, man. Everything is is what is it? 2:00:41.640 --> 2:00:44.280 Everything Texas in Texas? There you go. 2:00:44.720 --> 2:00:47.080 Yeah, you know they're having a tough time right now 2:00:47.080 --> 2:00:52.000 with the sports teams. But so good, right, so good man. 2:00:52.600 --> 2:00:57.800 But now, Chris Brother, I appreciate you, love, I appreciate you. Yeah, 2:00:57.840 --> 2:01:02.000 So stay safe. Man, will be in contact, and everybody 2:01:02.000 --> 2:01:05.080 thank you for joining us. This video will be saved 2:01:05.120 --> 2:01:06.760 on YouTube, so you can go back and watch it 2:01:06.800 --> 2:01:09.120 if you if you missed a part of it, and 2:01:09.160 --> 2:01:11.880 tell everybody about Chris, and tell everybody about all of 2:01:11.880 --> 2:01:13.760 the great work that he's doing. And hopefully you got 2:01:13.760 --> 2:01:16.600 some information that you can actually use and replicate in 2:01:16.640 --> 2:01:18.520 your part of the world. That's what this is all about. 2:01:18.560 --> 2:01:22.240 Each one teach one. So all right you have let's 2:01:22.280 --> 2:01:23.320 go say what's see you next week? 2:01:25.520 --> 2:01:25.760 All right? 2:01:25.800 --> 2:01:28.600 Shall yo? Go call somebody? Man, go call somebody. Reach out. 2:01:29.320 --> 2:01:32.120 One test can change a lifetime or change somebody's life. 2:01:32.200 --> 2:01:34.760 One call can change somebody's life. Make sure y'all do that. 2:01:34.800 --> 2:01:36.560 Go to your contact list now. Just reach out to 2:01:36.680 --> 2:01:39.240 let somebody know you thinking about them. All right, peace, 2:01:39.280 --> 2:01:41.000 We love y'all. We out Chris love. 2:01:40.840 --> 2:01:42.720 Bro All right, I got twenty four hours. 2:01:42.840 --> 2:01:46.520 He ain't playing, We ain't playing. 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