1 00:00:05,040 --> 00:00:06,600 Speaker 1: Welcome to Money Making Conversations. 2 00:00:06,680 --> 00:00:08,480 Speaker 2: It's the show that she has the secrets of success 3 00:00:08,480 --> 00:00:12,039 Speaker 2: experience firsthand by Marketing and Brandon expert Rashan McDonald. I 4 00:00:12,080 --> 00:00:14,440 Speaker 2: will know he's giving me advice on many occasions. And 5 00:00:14,480 --> 00:00:17,480 Speaker 2: in case you didn't notice, I'm not broke. You know 6 00:00:17,520 --> 00:00:21,120 Speaker 2: he'll be interview with celebrity CEOs, entrepreneurs and industry decision 7 00:00:21,160 --> 00:00:23,040 Speaker 2: make because it's what he likes to do, it's what 8 00:00:23,120 --> 00:00:25,560 Speaker 2: he likes to share. Now it's time to hear from 9 00:00:25,560 --> 00:00:28,720 Speaker 2: my man, Rashan McDonald money Making Conversations. 10 00:00:29,000 --> 00:00:31,360 Speaker 1: Here we go. You know, how are you doing? This 11 00:00:31,400 --> 00:00:34,720 Speaker 1: is Rashan McDonald and welcome to my show. And my 12 00:00:34,760 --> 00:00:39,080 Speaker 1: show is Money Making Conversation Masterclass. The interviews and information 13 00:00:39,200 --> 00:00:42,000 Speaker 1: that this show provides are for everyone. I tell you 14 00:00:42,040 --> 00:00:44,680 Speaker 1: every week it's time to start reading other people's success 15 00:00:44,720 --> 00:00:48,199 Speaker 1: stories and start living your own. My guest today is 16 00:00:48,240 --> 00:00:51,479 Speaker 1: a trusted real estate advisor. He is dedicated to the 17 00:00:51,520 --> 00:00:55,480 Speaker 1: movement of buying back the block and providing financial literacy 18 00:00:55,760 --> 00:00:59,320 Speaker 1: for generational wealth. Please welcome to Money Making Conversation Masterclass. 19 00:00:59,560 --> 00:01:01,360 Speaker 1: Randy Lewis, how you doing? Randy? 20 00:01:02,440 --> 00:01:03,680 Speaker 3: Hey, ry Sean, how you doing? 21 00:01:03,920 --> 00:01:04,000 Speaker 4: What? 22 00:01:04,120 --> 00:01:05,640 Speaker 1: Part of the country. Are you calling from. 23 00:01:06,520 --> 00:01:08,600 Speaker 3: I'm calling from Washington, d c OH. 24 00:01:08,760 --> 00:01:11,600 Speaker 1: I got a brother there. He owns you know, he's 25 00:01:11,600 --> 00:01:14,959 Speaker 1: a former military army GAI and they got out of 26 00:01:14,959 --> 00:01:20,000 Speaker 1: the army and got three barber shops and a braide 27 00:01:20,000 --> 00:01:22,280 Speaker 1: shop down there. So he's doing well down there. So 28 00:01:22,319 --> 00:01:25,160 Speaker 1: hopefully you're doing just as well in the in the 29 00:01:25,240 --> 00:01:26,759 Speaker 1: DC area as well, my friend, are. 30 00:01:26,680 --> 00:01:29,800 Speaker 3: You yes, sir? You know, blessed to be able to 31 00:01:29,840 --> 00:01:33,039 Speaker 3: be in this position and not just being able to, 32 00:01:33,600 --> 00:01:37,000 Speaker 3: you know, get some income flowing, but also educating our people. 33 00:01:37,480 --> 00:01:39,720 Speaker 1: You know, you're a former college athlete. Which school did 34 00:01:39,720 --> 00:01:40,080 Speaker 1: you go to? 35 00:01:41,200 --> 00:01:44,640 Speaker 3: So? I played at Youngstown State University in Ohio in 36 00:01:44,680 --> 00:01:49,240 Speaker 3: the FCS Conference, and then I also played at Indiana 37 00:01:49,320 --> 00:01:52,240 Speaker 3: University of Pasylvania. I had an extra year of eligibility, 38 00:01:52,280 --> 00:01:54,080 Speaker 3: so they pay for my masters. 39 00:01:54,880 --> 00:01:59,160 Speaker 1: Now I asked that question because now when you probably played. 40 00:01:59,680 --> 00:02:02,560 Speaker 1: When I went to college, the word nil did not exist. 41 00:02:02,640 --> 00:02:05,200 Speaker 1: If you don't know what nil, that means name, image, 42 00:02:05,200 --> 00:02:08,040 Speaker 1: and likeness. And I went through school with Clyde Drexler, 43 00:02:08,080 --> 00:02:10,880 Speaker 1: went to school with King Logan and all these people, 44 00:02:11,440 --> 00:02:15,320 Speaker 1: you know, they just had to operate off their college scholarships. 45 00:02:15,360 --> 00:02:18,240 Speaker 1: Now you can get paid off your name, image and likeness. 46 00:02:18,680 --> 00:02:22,080 Speaker 1: What can you are you involved in name illagine likeness 47 00:02:22,120 --> 00:02:24,959 Speaker 1: when you're talking about generational wealth of financial literacy? 48 00:02:26,240 --> 00:02:30,040 Speaker 3: Absolutely, So yeah, this is a brand new concept. It's 49 00:02:30,520 --> 00:02:32,680 Speaker 3: very new. When I was in college, you know, I 50 00:02:32,800 --> 00:02:35,480 Speaker 3: was blessed to have a full scholarship, but you know 51 00:02:35,720 --> 00:02:39,480 Speaker 3: that was pretty much it, you know, people taking out loans. 52 00:02:39,560 --> 00:02:43,120 Speaker 3: But now with the name, image and likeness, these college 53 00:02:43,160 --> 00:02:46,160 Speaker 3: athletes and high school athletes as well, are able to 54 00:02:46,760 --> 00:02:49,560 Speaker 3: you know, make money off their name, image and likeness. 55 00:02:49,600 --> 00:02:54,240 Speaker 3: And so I found an opportunity to as I work 56 00:02:54,320 --> 00:02:58,919 Speaker 3: with athletes, to create a program where we're educating these 57 00:02:59,240 --> 00:03:02,440 Speaker 3: young athletes on how they can let their money work 58 00:03:02,440 --> 00:03:04,600 Speaker 3: for themselves because a lot of times, you know, in 59 00:03:04,720 --> 00:03:07,600 Speaker 3: these industries, you know, these people get the money, they're 60 00:03:07,639 --> 00:03:11,800 Speaker 3: not educated. You know, they're buying chains, cars, they're not 61 00:03:11,880 --> 00:03:15,320 Speaker 3: buying assets. And so my goal has been to educate 62 00:03:15,360 --> 00:03:18,520 Speaker 3: them on ways where they can you know, purchase real 63 00:03:18,639 --> 00:03:22,400 Speaker 3: estate and set themselves up really for success to where 64 00:03:22,520 --> 00:03:24,160 Speaker 3: you know, if they don't make it to the NFL, 65 00:03:24,280 --> 00:03:26,080 Speaker 3: or even if they make it to the NFL or NBA, 66 00:03:26,520 --> 00:03:29,720 Speaker 3: you know, they are educated, their money's growing, and you know, 67 00:03:29,760 --> 00:03:33,120 Speaker 3: they're not going broke like these stories that were here 68 00:03:33,160 --> 00:03:34,040 Speaker 3: pretty often. 69 00:03:34,280 --> 00:03:36,640 Speaker 1: Yeah, when it comes to athletes. You know, the interesting 70 00:03:36,680 --> 00:03:39,760 Speaker 1: thing about it, and just to just continue down is name, 71 00:03:39,840 --> 00:03:43,640 Speaker 1: image and likeness, because it really is huge. The Nebraska 72 00:03:43,760 --> 00:03:49,560 Speaker 1: coach Matt Rule, he said, the going rate for starting 73 00:03:50,560 --> 00:03:54,800 Speaker 1: college quarterback in Power five is one point five million dollars. 74 00:03:55,080 --> 00:03:58,280 Speaker 1: That's that's that's what they're paying these college students. Now 75 00:03:58,360 --> 00:04:00,760 Speaker 1: we're not even in the NFL yet, we're not in 76 00:04:00,760 --> 00:04:04,200 Speaker 1: the NBA yet or Major League Baseball, but the college 77 00:04:04,200 --> 00:04:08,200 Speaker 1: football which is driving this and the whole process in there. 78 00:04:08,520 --> 00:04:11,600 Speaker 1: So help me with that whole conversation is that is 79 00:04:11,680 --> 00:04:14,360 Speaker 1: that you know you can be in high school. Does 80 00:04:14,840 --> 00:04:17,760 Speaker 1: high school kids get to participate in n IL is 81 00:04:17,880 --> 00:04:20,400 Speaker 1: only when they graduate from high school because a lot 82 00:04:20,400 --> 00:04:24,040 Speaker 1: of kids are exiting high school early to get paid. 83 00:04:24,160 --> 00:04:28,480 Speaker 3: Correct, correct, And it just depends what states you're in. 84 00:04:29,000 --> 00:04:31,000 Speaker 3: So I'm in here in d C. But as you 85 00:04:31,080 --> 00:04:34,160 Speaker 3: may know, you know, we call the dmv DC Maryland Virginia, 86 00:04:34,600 --> 00:04:37,760 Speaker 3: and so Maryland is one of the few states that's 87 00:04:37,800 --> 00:04:40,920 Speaker 3: actually passed the law where high school kids can actually 88 00:04:41,760 --> 00:04:44,880 Speaker 3: you know, earn money off their name, image and likeness. 89 00:04:44,960 --> 00:04:47,520 Speaker 3: So you know, we have some kids who are you know, 90 00:04:47,560 --> 00:04:50,560 Speaker 3: getting close to one hundred thousand dollars a year and 91 00:04:50,640 --> 00:04:54,240 Speaker 3: you know, you know, for their name, image and likeness. 92 00:04:54,279 --> 00:04:57,320 Speaker 3: So yeah, as early as high school, these kids are 93 00:04:57,320 --> 00:04:59,760 Speaker 3: starting to get money. And it's not always just money. 94 00:05:00,200 --> 00:05:04,400 Speaker 3: You know, it could be closing cars, you know, cars, 95 00:05:04,440 --> 00:05:07,520 Speaker 3: you know, different things. But you know these kids nowadays, 96 00:05:07,520 --> 00:05:08,719 Speaker 3: it's just a whole new era. 97 00:05:09,560 --> 00:05:12,719 Speaker 1: Well, you know, it's important that you know, getting a 98 00:05:12,720 --> 00:05:15,800 Speaker 1: car comes taxes, and that's where you come in, you know, 99 00:05:15,920 --> 00:05:18,320 Speaker 1: because that's when they run into financial problem. It is 100 00:05:18,400 --> 00:05:20,599 Speaker 1: that this deal that you may have gotten in a 101 00:05:20,680 --> 00:05:22,960 Speaker 1: contract you signed, because there have been some scam type 102 00:05:22,960 --> 00:05:25,800 Speaker 1: contracts even though they're supposed to be tied to legitimate 103 00:05:26,160 --> 00:05:29,719 Speaker 1: NL deals. It's important to always have the right people 104 00:05:29,720 --> 00:05:32,080 Speaker 1: looking at your paperwork because I'm just talking to parents 105 00:05:32,160 --> 00:05:35,039 Speaker 1: right now, Randy. Because you know, it used to be 106 00:05:35,640 --> 00:05:37,600 Speaker 1: the big game was to make it to the pros. 107 00:05:37,960 --> 00:05:39,520 Speaker 1: Not a big game really is to be good in 108 00:05:39,600 --> 00:05:41,640 Speaker 1: high school because you can get paid. Now the game 109 00:05:41,720 --> 00:05:43,360 Speaker 1: is just to get to college and don't even worry 110 00:05:43,360 --> 00:05:45,960 Speaker 1: about the scholarship. You can get paid because the scholarship 111 00:05:46,040 --> 00:05:49,520 Speaker 1: is coming nowhere near what you're making, and some of 112 00:05:49,560 --> 00:05:54,640 Speaker 1: these colleges they're paying average the offensive line starting office 113 00:05:54,720 --> 00:05:57,800 Speaker 1: linemen to get like anywhere from fifty thousand to seventy 114 00:05:57,839 --> 00:06:01,200 Speaker 1: five thousand dollars a year just for are on a 115 00:06:01,320 --> 00:06:05,960 Speaker 1: good football team. So it really is a process of 116 00:06:06,320 --> 00:06:09,040 Speaker 1: how you have to really set your child down, your 117 00:06:09,120 --> 00:06:12,080 Speaker 1: children down, depending on how many people are talenting your family, 118 00:06:12,320 --> 00:06:14,560 Speaker 1: and look at it from a different perspective, because there 119 00:06:14,640 --> 00:06:16,760 Speaker 1: used to be then game you had to make it 120 00:06:16,800 --> 00:06:19,240 Speaker 1: to the pros. But that's not the case anymore, is it. 121 00:06:19,320 --> 00:06:23,040 Speaker 3: Randy, It's definitely nine. You definitely hit it on the 122 00:06:23,080 --> 00:06:25,960 Speaker 3: nail because for us, it's our approaches to talk to 123 00:06:25,960 --> 00:06:28,440 Speaker 3: the parents first, because a lot of these kids rely 124 00:06:28,560 --> 00:06:30,479 Speaker 3: on their parents, and you know, a lot of times 125 00:06:30,480 --> 00:06:34,479 Speaker 3: these parents aren't necessarily educated and so you know, and 126 00:06:34,520 --> 00:06:36,760 Speaker 3: they're the ones pushing the kids. Okay, when you make 127 00:06:36,839 --> 00:06:39,000 Speaker 3: to leave, we got buy me a house and do 128 00:06:39,080 --> 00:06:42,400 Speaker 3: these kinds of things. So yeah, we're really just trying 129 00:06:42,440 --> 00:06:45,920 Speaker 3: to educate these kids. As you mentioned, they're making a 130 00:06:45,960 --> 00:06:49,200 Speaker 3: lot of money just for being on you know, the 131 00:06:49,240 --> 00:06:52,719 Speaker 3: starting roster, but not only that, their incentives as well. 132 00:06:52,760 --> 00:06:55,080 Speaker 3: So if they play well, you know, they may get 133 00:06:55,120 --> 00:06:57,839 Speaker 3: more money. And you know, it's just a lot of 134 00:06:57,880 --> 00:07:00,280 Speaker 3: times nowadays, some of these kids, it's more advantage for 135 00:07:00,400 --> 00:07:02,920 Speaker 3: the stay in college as opposed to go to the NFL. 136 00:07:03,640 --> 00:07:05,960 Speaker 1: You know, it's really if it's something that's been trending 137 00:07:06,040 --> 00:07:11,800 Speaker 1: the last three days, is Dion Sanders kids. Okay, if 138 00:07:11,800 --> 00:07:14,040 Speaker 1: you just type in Dan Sanders if you're near a 139 00:07:14,040 --> 00:07:17,760 Speaker 1: computer on your cell phone. Kids. They didn't buy him 140 00:07:17,800 --> 00:07:20,880 Speaker 1: a house, and these kids are all in college now 141 00:07:21,480 --> 00:07:26,200 Speaker 1: in ourl deals. They bought him a mansion. Bought him 142 00:07:26,240 --> 00:07:29,880 Speaker 1: a mansion. That's how much money is being distributed to 143 00:07:30,160 --> 00:07:34,960 Speaker 1: kids in college that they that his kids can buy 144 00:07:35,040 --> 00:07:40,120 Speaker 1: him a mansion and not even sweated, not even swe 145 00:07:40,760 --> 00:07:42,040 Speaker 1: When I saw the picture of the kids, none of 146 00:07:42,040 --> 00:07:43,840 Speaker 1: them looked like they were struggling when they when they 147 00:07:44,120 --> 00:07:46,160 Speaker 1: when they were telling Dad this is yours, like they 148 00:07:46,720 --> 00:07:48,880 Speaker 1: pulled the last dime out of their pocket to put 149 00:07:48,920 --> 00:07:51,360 Speaker 1: him in his mansion. But that's the world that we 150 00:07:51,440 --> 00:07:53,240 Speaker 1: live in today, and that's the world we have to 151 00:07:53,320 --> 00:07:58,360 Speaker 1: understand is available to talented young athletes who used to 152 00:07:58,360 --> 00:08:01,080 Speaker 1: be you know, you know, because you have you know, pros, 153 00:08:01,120 --> 00:08:03,440 Speaker 1: you have the G League, and if you're in basketball, 154 00:08:03,440 --> 00:08:05,800 Speaker 1: you don't have to go to college anymore, just go 155 00:08:05,840 --> 00:08:07,800 Speaker 1: to the G League. It's just the game has changed 156 00:08:07,800 --> 00:08:10,080 Speaker 1: so much when you was in college. Do you shake 157 00:08:10,160 --> 00:08:13,640 Speaker 1: your head with all this money running around now Randy 158 00:08:13,720 --> 00:08:16,720 Speaker 1: versus when you was at Youngstown? 159 00:08:17,560 --> 00:08:20,680 Speaker 3: Absolutely, And you know Youngstown we're Division one, We're a 160 00:08:20,720 --> 00:08:23,720 Speaker 3: little smaller, but Youngstown is like a big football town. 161 00:08:23,840 --> 00:08:25,760 Speaker 3: And you know, I have some of my old teammates 162 00:08:25,800 --> 00:08:28,520 Speaker 3: that are coaching there, and those kids are still getting paid, 163 00:08:29,280 --> 00:08:30,920 Speaker 3: you know, a good amount of money. And I'm just 164 00:08:31,000 --> 00:08:35,440 Speaker 3: looking like, man, you know, had I been there around 165 00:08:35,440 --> 00:08:38,240 Speaker 3: that time, you know, I just imagine what I would 166 00:08:38,280 --> 00:08:40,360 Speaker 3: have done with the money. But the reality of it 167 00:08:40,400 --> 00:08:43,280 Speaker 3: is I might not have been educated enough, and so 168 00:08:43,480 --> 00:08:45,280 Speaker 3: I might have just been blowing my money. Because we 169 00:08:45,280 --> 00:08:47,400 Speaker 3: did get some money, and you know, we spend that 170 00:08:47,480 --> 00:08:50,559 Speaker 3: within like two three weeks. So you know, while you're 171 00:08:50,559 --> 00:08:52,600 Speaker 3: getting the money, just as quick as that money can go, 172 00:08:53,200 --> 00:08:55,240 Speaker 3: it can come in, it can go. So you know, 173 00:08:55,280 --> 00:08:57,480 Speaker 3: it's important that they're not just getting the money, but 174 00:08:57,480 --> 00:09:00,360 Speaker 3: they're sustaining in it, and you know, taking advance of 175 00:09:00,360 --> 00:09:01,160 Speaker 3: that opportunity. 176 00:09:01,520 --> 00:09:03,880 Speaker 1: H Well, let's educate our audience about who you are, 177 00:09:04,000 --> 00:09:06,160 Speaker 1: you know, to be a financial expert, be a guy 178 00:09:06,200 --> 00:09:09,240 Speaker 1: who's out there making these wise decisions for people when 179 00:09:09,240 --> 00:09:11,160 Speaker 1: they ask them for that type of advice. Tell me 180 00:09:11,200 --> 00:09:13,720 Speaker 1: your academic background and your experience that allows you to 181 00:09:13,760 --> 00:09:16,920 Speaker 1: be able to communicate with people about financial literacy. 182 00:09:18,280 --> 00:09:23,600 Speaker 3: Yeah, so I got a business. I got a bachelor's 183 00:09:23,640 --> 00:09:26,960 Speaker 3: in administration and business at Youngstown State University, one of 184 00:09:26,960 --> 00:09:29,920 Speaker 3: the top business programs, and then I had an extra 185 00:09:30,040 --> 00:09:33,439 Speaker 3: year of eligibility left, so I went to school called 186 00:09:33,480 --> 00:09:37,439 Speaker 3: IUP Indiana University of Tennsylvania, and I earned a master's 187 00:09:37,440 --> 00:09:41,040 Speaker 3: and employment and labor relations. So once I was done 188 00:09:41,040 --> 00:09:43,120 Speaker 3: with that, I moved back to the area and I 189 00:09:43,160 --> 00:09:46,800 Speaker 3: worked in HR for eight years. I was actually thirty 190 00:09:46,840 --> 00:09:51,240 Speaker 3: under thirty by Sharham, which is the largest HR association. 191 00:09:51,760 --> 00:09:55,040 Speaker 3: And you know, through my educational background, my work experience, 192 00:09:55,080 --> 00:09:59,640 Speaker 3: you know, I worked a lot with just recruiting, benefits, compensation, 193 00:10:00,480 --> 00:10:06,080 Speaker 3: employment law, labor relations, workforce development, organization development. But I 194 00:10:06,120 --> 00:10:08,840 Speaker 3: also was a dual career, so I was in real 195 00:10:08,960 --> 00:10:12,240 Speaker 3: estate as well. So I purchased my first multi family 196 00:10:12,280 --> 00:10:15,040 Speaker 3: unit building in twenty sixteen, and I went through the 197 00:10:15,040 --> 00:10:19,360 Speaker 3: program called NACA and NAKA really allowed me to fully 198 00:10:19,440 --> 00:10:23,800 Speaker 3: understand what all goes into budgeting and purchasing a home. 199 00:10:24,360 --> 00:10:26,840 Speaker 3: At the end of NACA, I was able to purchase 200 00:10:26,840 --> 00:10:30,880 Speaker 3: a multi family unit building with no money down. I'm 201 00:10:30,920 --> 00:10:32,560 Speaker 3: not gonna say no money down, but I put about 202 00:10:32,600 --> 00:10:35,920 Speaker 3: two thousand dollars down at closing, and I got income 203 00:10:36,000 --> 00:10:38,840 Speaker 3: generating property where I lived in one unit, I lived 204 00:10:38,880 --> 00:10:41,400 Speaker 3: run free, and then my other three units. You know, 205 00:10:41,559 --> 00:10:44,640 Speaker 3: I had tenants in there of cash flow, and then 206 00:10:44,679 --> 00:10:47,160 Speaker 3: from there it just kind of propelled. I would teach 207 00:10:47,720 --> 00:10:51,800 Speaker 3: other people. My cousin bought a four unit a few 208 00:10:51,800 --> 00:10:55,000 Speaker 3: months after I did on my same block, and then 209 00:10:55,040 --> 00:10:57,280 Speaker 3: my best friend a few months after that on my 210 00:10:57,400 --> 00:11:00,320 Speaker 3: same block. And then I started educating people, and you know, 211 00:11:00,360 --> 00:11:03,080 Speaker 3: that's how my movement Block Shoppers came about. And so 212 00:11:03,240 --> 00:11:06,880 Speaker 3: from then on, you know, we've just been educating people 213 00:11:07,000 --> 00:11:09,880 Speaker 3: on you know, different ways to build wealth, especially through 214 00:11:09,920 --> 00:11:13,040 Speaker 3: real estate, and you know, it just become a pretty 215 00:11:13,040 --> 00:11:13,640 Speaker 3: big movement. 216 00:11:13,880 --> 00:11:16,240 Speaker 1: And that's when we met. We met at a KNACA event. 217 00:11:16,000 --> 00:11:20,040 Speaker 3: Correct, Yes, Achieve the Dream event in La I was 218 00:11:20,040 --> 00:11:21,000 Speaker 3: actually speaking there. 219 00:11:21,080 --> 00:11:21,679 Speaker 4: I met with. 220 00:11:21,679 --> 00:11:25,400 Speaker 1: Bruce None that if Brewster, CEO of NAKA and NAKA 221 00:11:25,520 --> 00:11:27,839 Speaker 1: is a program where he's been a guest on my 222 00:11:27,880 --> 00:11:29,600 Speaker 1: show at least three or four times, and where I 223 00:11:29,640 --> 00:11:32,080 Speaker 1: bring him on just to talk about you know, he 224 00:11:32,200 --> 00:11:34,559 Speaker 1: got me when he told me that. And it's true 225 00:11:34,640 --> 00:11:36,959 Speaker 1: that if you live and you can take your Section 226 00:11:37,040 --> 00:11:39,240 Speaker 1: eight mortgage payment and turn it into a mortgage of 227 00:11:39,280 --> 00:11:41,520 Speaker 1: rent six and eight rent and turn it into an 228 00:11:41,559 --> 00:11:45,600 Speaker 1: actual mortgage payment, which means that you have hon ownership, 229 00:11:45,760 --> 00:11:48,160 Speaker 1: which means you can build equity in your life and 230 00:11:48,200 --> 00:11:50,680 Speaker 1: you're not trapped in an environment where you will never 231 00:11:51,240 --> 00:11:54,160 Speaker 1: have any equity, you will never be able to have 232 00:11:54,400 --> 00:11:59,960 Speaker 1: pride nor respect about you changing the dynamics of your 233 00:12:00,120 --> 00:12:03,400 Speaker 1: children's lives. And that's what NACA programs are like. And 234 00:12:03,440 --> 00:12:06,000 Speaker 1: you're telling me you use NAKA to really start you 235 00:12:06,600 --> 00:12:09,040 Speaker 1: buying the block program. Huh. 236 00:12:09,080 --> 00:12:10,679 Speaker 5: Absolutely, it changed my life. 237 00:12:11,000 --> 00:12:14,199 Speaker 3: You know after coming out of college, when I was 238 00:12:14,240 --> 00:12:17,040 Speaker 3: going through NACA, I was making about forty thousand a year, 239 00:12:17,120 --> 00:12:19,160 Speaker 3: and you know we're in Washington, d C. Cost of 240 00:12:19,200 --> 00:12:23,680 Speaker 3: living and guy, and you know, NACA afforded me the 241 00:12:23,760 --> 00:12:26,920 Speaker 3: opportunity to you know, buy this half a million dollar 242 00:12:27,040 --> 00:12:30,880 Speaker 3: property and you know it's a below the market interest rate. Again, 243 00:12:30,960 --> 00:12:34,240 Speaker 3: they cover your downpayment, clothing costs with no mortgage insurance. 244 00:12:34,480 --> 00:12:36,800 Speaker 3: And you know my mortgage was about two thousand dollars 245 00:12:36,840 --> 00:12:38,920 Speaker 3: and you know in d C for one government doesn't 246 00:12:38,920 --> 00:12:41,120 Speaker 3: matter where you're at, you know, you it's at least 247 00:12:41,160 --> 00:12:43,640 Speaker 3: twelve hundred and so you know, you just do the math. 248 00:12:44,280 --> 00:12:48,160 Speaker 3: You know, that's helped me tremendously. Not only that NACA 249 00:12:48,240 --> 00:12:50,240 Speaker 3: has requirements where you know, they want you to save 250 00:12:50,320 --> 00:12:52,680 Speaker 3: some money. So you know, when it was all said 251 00:12:52,720 --> 00:12:54,760 Speaker 3: and done, you know, I was able to purchase this 252 00:12:54,880 --> 00:12:57,839 Speaker 3: income generating property, I didn't have to pay for rent, 253 00:12:58,040 --> 00:13:00,520 Speaker 3: and I still had my savings in tach and so 254 00:13:00,640 --> 00:13:02,480 Speaker 3: that was a life hack for me. It just put 255 00:13:02,520 --> 00:13:05,199 Speaker 3: me in a position where, you know, financially, I could 256 00:13:05,360 --> 00:13:07,760 Speaker 3: if I was just if I stayed true to what 257 00:13:07,840 --> 00:13:10,200 Speaker 3: I knew and like just continue to build, you know, 258 00:13:10,320 --> 00:13:12,760 Speaker 3: set me up to just have success. 259 00:13:13,000 --> 00:13:15,480 Speaker 1: Wow. You know it's really interesting when I hear you talk, 260 00:13:15,679 --> 00:13:20,520 Speaker 1: you know about financial opportunities. How what makes you a 261 00:13:20,559 --> 00:13:22,839 Speaker 1: believer when when people come to you say, hey, I 262 00:13:22,880 --> 00:13:25,000 Speaker 1: can I can turn my life around? What turns your 263 00:13:25,000 --> 00:13:28,400 Speaker 1: life around? Randy into this whole you know, financial literacy. 264 00:13:28,480 --> 00:13:31,160 Speaker 1: I want to share these values to people I don't 265 00:13:31,160 --> 00:13:34,200 Speaker 1: even know. I want my community to be even stronger. 266 00:13:34,440 --> 00:13:37,480 Speaker 1: What changed your value system or was your value system 267 00:13:37,559 --> 00:13:38,240 Speaker 1: always there? 268 00:13:39,640 --> 00:13:42,480 Speaker 3: I would say it was always there. I may have 269 00:13:42,559 --> 00:13:47,560 Speaker 3: not had like like a mentor to like really guide 270 00:13:47,600 --> 00:13:50,320 Speaker 3: me through you know where I'm at now from that 271 00:13:50,400 --> 00:13:53,480 Speaker 3: stample right away. But like you know, my parents are Haitian. 272 00:13:53,600 --> 00:13:56,480 Speaker 3: You know, they came to America, were first generation in Haitian. 273 00:13:56,720 --> 00:14:01,280 Speaker 3: You know, they instilled like education, you know, disciplining myself 274 00:14:01,280 --> 00:14:03,600 Speaker 3: and my brother and so like that was always a 275 00:14:03,600 --> 00:14:06,120 Speaker 3: big thing. But just respect and just you know, doing 276 00:14:06,280 --> 00:14:09,520 Speaker 3: things the right way. And so you know when I 277 00:14:09,559 --> 00:14:11,840 Speaker 3: got you know, my parents put me through private school, 278 00:14:11,880 --> 00:14:14,760 Speaker 3: and you know, they spent their last dollars and so 279 00:14:15,000 --> 00:14:18,439 Speaker 3: just seeing them, you know, sacrifice just so we could 280 00:14:18,480 --> 00:14:20,720 Speaker 3: have a better life. You know, that kind of puts 281 00:14:20,720 --> 00:14:23,160 Speaker 3: something put a fire on me to like return the 282 00:14:23,200 --> 00:14:26,320 Speaker 3: favor not only do them, but I just think naturally 283 00:14:26,520 --> 00:14:29,320 Speaker 3: just people that look like me and just trying to 284 00:14:29,320 --> 00:14:31,560 Speaker 3: find ways to help others. And so you know, it 285 00:14:31,720 --> 00:14:34,480 Speaker 3: just allowed me to you know, have that mindset and 286 00:14:34,760 --> 00:14:37,680 Speaker 3: here we are now. You know, it's I'm passionate about it. 287 00:14:37,720 --> 00:14:39,440 Speaker 3: I don't have to fake it. It's just something that 288 00:14:39,480 --> 00:14:41,800 Speaker 3: I want to do. And so I think, you know, 289 00:14:41,800 --> 00:14:44,680 Speaker 3: when you're authentic and organic in your approach and you 290 00:14:44,680 --> 00:14:47,480 Speaker 3: know you have a passion, you know, sky's the limits. 291 00:14:47,800 --> 00:14:51,320 Speaker 1: Wow, I'm talking to Randy Lewis. He's a real estate advisor. 292 00:14:51,680 --> 00:14:54,680 Speaker 1: He's buying back the block. Now, when we come back, 293 00:14:54,720 --> 00:14:57,400 Speaker 1: we're going to find out is every block a viable 294 00:14:57,480 --> 00:14:59,000 Speaker 1: block in your neighborhood? 295 00:14:59,640 --> 00:15:02,840 Speaker 4: Slee, don't go anywhere. We'll be right back with more 296 00:15:02,880 --> 00:15:08,800 Speaker 4: Money Making Conversations Masterclass. Welcome back to the Money Making 297 00:15:08,840 --> 00:15:12,000 Speaker 4: Conversations Masterclass, hosted by Rashaan McDonald. 298 00:15:12,920 --> 00:15:17,360 Speaker 1: My guest is Randy Lewis. He's a first generation Haitian American, 299 00:15:18,080 --> 00:15:22,000 Speaker 1: a real estate advisor, trying to change the neighborhood with advice, 300 00:15:22,080 --> 00:15:26,160 Speaker 1: with financial advice. And when you're out there telling people, 301 00:15:26,720 --> 00:15:30,720 Speaker 1: what is the most skeptical because everybody's a skeptic. You know, 302 00:15:30,840 --> 00:15:34,040 Speaker 1: even this story you talked about Naka and how you 303 00:15:34,040 --> 00:15:35,920 Speaker 1: you don't making forty thousand dollars a year and year 304 00:15:35,920 --> 00:15:37,720 Speaker 1: and a half me a dollar home and you know 305 00:15:37,760 --> 00:15:39,880 Speaker 1: you get a low interest rate, and there's your mortgage rate. 306 00:15:39,920 --> 00:15:42,240 Speaker 1: There's two thousand dollars a month, there're skeptics out there. 307 00:15:42,240 --> 00:15:46,120 Speaker 1: People do not believe that now in our community, does 308 00:15:46,160 --> 00:15:48,960 Speaker 1: skepticism stop us from being successful? And I've talked about 309 00:15:48,960 --> 00:15:50,560 Speaker 1: our community, I'm talking about the black community. 310 00:15:52,560 --> 00:15:57,160 Speaker 3: I think it does. And you know, unfortunately, like with 311 00:15:57,400 --> 00:16:01,040 Speaker 3: lack of education, you know that that makes that it 312 00:16:01,080 --> 00:16:03,920 Speaker 3: has a huge impact. But you know, for me, I 313 00:16:04,040 --> 00:16:07,480 Speaker 3: try to educate people. We're now in the digital era, 314 00:16:07,720 --> 00:16:11,320 Speaker 3: like everyone pretty much has the phone. We can you know, 315 00:16:12,080 --> 00:16:15,400 Speaker 3: look things up now with AI and everything, you can 316 00:16:15,440 --> 00:16:18,240 Speaker 3: literally find an answer for everything. And so you know, 317 00:16:18,280 --> 00:16:22,080 Speaker 3: we tend to have skepticism, but you know, I try to, 318 00:16:22,480 --> 00:16:25,640 Speaker 3: you know, be genuine. I try to share real life experiences. 319 00:16:25,880 --> 00:16:28,720 Speaker 3: I'm big on testimonials, So if I'm helping people, I 320 00:16:28,840 --> 00:16:30,960 Speaker 3: ask them. You know, you don't necessarily have to tell 321 00:16:31,000 --> 00:16:34,720 Speaker 3: your business, but just let people know, reassure people that 322 00:16:34,920 --> 00:16:37,920 Speaker 3: you know, this is possible, and just by sharing your stories, 323 00:16:39,040 --> 00:16:41,600 Speaker 3: you know, it might just take You might relate to 324 00:16:41,640 --> 00:16:44,560 Speaker 3: one person, you know, and that could make a big difference, 325 00:16:44,760 --> 00:16:48,040 Speaker 3: because oftentimes when you see somebody who looks like you, 326 00:16:48,160 --> 00:16:50,800 Speaker 3: sounds like you, you know, it can tend to have 327 00:16:50,840 --> 00:16:55,680 Speaker 3: a better effect. But oftentimes I am faced with you know, criticism, 328 00:16:55,760 --> 00:16:58,600 Speaker 3: but you know, thank God for social media and for me, 329 00:16:58,760 --> 00:17:00,840 Speaker 3: you know, my I have a big residence on there 330 00:17:01,120 --> 00:17:03,440 Speaker 3: and so a lot of the work we do, you know, 331 00:17:03,440 --> 00:17:06,840 Speaker 3: we highlight our clients and we share success stories and 332 00:17:06,920 --> 00:17:09,760 Speaker 3: I found that helped combat with the skepticism. 333 00:17:10,080 --> 00:17:13,520 Speaker 1: So you're constantly marketing your brand and using social media 334 00:17:13,600 --> 00:17:16,840 Speaker 1: new technology. They said, what of the people who use 335 00:17:16,920 --> 00:17:20,600 Speaker 1: social media have mobile phone? So I'm assuming that you're 336 00:17:20,640 --> 00:17:21,760 Speaker 1: reaching a young audience. 337 00:17:21,840 --> 00:17:27,800 Speaker 3: Correct, definitely young audience. It really depends what platform you're on. 338 00:17:27,960 --> 00:17:31,399 Speaker 3: But like even like you know, the older folks, you 339 00:17:31,480 --> 00:17:34,040 Speaker 3: know that they'll be on Facebook and things of that nature. 340 00:17:34,320 --> 00:17:37,280 Speaker 3: So I mean, for fortunately for me, you know, a 341 00:17:37,280 --> 00:17:41,280 Speaker 3: lot of my clients range. But you know, social media 342 00:17:41,400 --> 00:17:43,720 Speaker 3: has a big impact. Most people when they first wake up, 343 00:17:43,800 --> 00:17:46,760 Speaker 3: that's the first thing they do to grab their phone 344 00:17:46,840 --> 00:17:50,119 Speaker 3: see what's going on. So you know, it's important, you know, 345 00:17:50,320 --> 00:17:53,000 Speaker 3: to use those kind of platforms to reach you know, 346 00:17:53,040 --> 00:17:54,399 Speaker 3: those demographics. 347 00:17:55,000 --> 00:17:57,919 Speaker 1: Now, let's let's talk about buying the block. You know 348 00:17:57,960 --> 00:18:01,480 Speaker 1: there's Mike Apps has a TV your own called Buying 349 00:18:01,520 --> 00:18:03,560 Speaker 1: Back the Block. He does with his wife, goes in 350 00:18:03,600 --> 00:18:06,199 Speaker 1: and buy block blocks there in his community. I know, 351 00:18:06,560 --> 00:18:10,120 Speaker 1: I'm from fifth Ward and some APECU graduates went into 352 00:18:10,119 --> 00:18:13,080 Speaker 1: fifth Ward, Texas and Houston, Texas that's where fifth Ward 353 00:18:13,160 --> 00:18:16,240 Speaker 1: is located, and start buying back the block within the 354 00:18:16,280 --> 00:18:20,080 Speaker 1: fifth Ward community. How does that work? How do you 355 00:18:20,160 --> 00:18:25,640 Speaker 1: how is the strategy behind buying uh? Community blocks within 356 00:18:25,720 --> 00:18:27,600 Speaker 1: the neighborhood? What is the strategy Randy? 357 00:18:29,040 --> 00:18:31,520 Speaker 3: Uh? You know, first and foremost you want to be 358 00:18:31,600 --> 00:18:35,879 Speaker 3: around somebody that's educated as doing it. But really, you know, 359 00:18:35,960 --> 00:18:38,720 Speaker 3: it's just looking at areas typically, you know, it's the 360 00:18:38,760 --> 00:18:42,080 Speaker 3: areas where you know our people are in and you know, 361 00:18:42,440 --> 00:18:46,600 Speaker 3: looking for opportunities. A lot of these areas, you know, 362 00:18:46,680 --> 00:18:51,120 Speaker 3: the there's not many resources, but you know you can 363 00:18:51,160 --> 00:18:55,240 Speaker 3: see there's potential for growth. So for us, we're looking 364 00:18:55,280 --> 00:18:58,320 Speaker 3: at areas and we're trying to find products that will 365 00:18:58,359 --> 00:19:02,040 Speaker 3: allow people to purchase in these areas. So again, NAC 366 00:19:02,160 --> 00:19:05,160 Speaker 3: is a great tool that we use where I try 367 00:19:05,200 --> 00:19:07,640 Speaker 3: to educate my people. It doesn't matter where you're at 368 00:19:08,080 --> 00:19:11,040 Speaker 3: in life. You know, again you mentioned earlier how you'd 369 00:19:11,119 --> 00:19:13,200 Speaker 3: be on section eight and you can go through a 370 00:19:13,280 --> 00:19:16,280 Speaker 3: KNAC a program and buy a home. So as opposed 371 00:19:16,280 --> 00:19:20,320 Speaker 3: to renting, you know, why not buy a home even 372 00:19:20,320 --> 00:19:24,119 Speaker 3: if it's in an area where you know they're redeveloping 373 00:19:24,280 --> 00:19:26,840 Speaker 3: or it's not quite there yet. I found, you know, 374 00:19:26,960 --> 00:19:30,240 Speaker 3: just from my experience. You know, when people own something, 375 00:19:30,240 --> 00:19:32,640 Speaker 3: there's a more sense of pride. You know, they're more 376 00:19:32,640 --> 00:19:36,080 Speaker 3: willing to take care you know that that asset. And 377 00:19:36,119 --> 00:19:39,280 Speaker 3: so you know, we we're looking for areas where you know, 378 00:19:39,320 --> 00:19:41,920 Speaker 3: we can put our people in, no matter where you're at, 379 00:19:42,000 --> 00:19:45,160 Speaker 3: no matter you know, how much money you're making. We're 380 00:19:45,160 --> 00:19:48,520 Speaker 3: looking at areas where we see, you know, they're not 381 00:19:48,880 --> 00:19:53,320 Speaker 3: strict zoning. Zoning means like regulations where you know, if 382 00:19:53,359 --> 00:19:55,720 Speaker 3: you want to build up or you know, try to 383 00:19:56,320 --> 00:20:00,240 Speaker 3: you know, redevelop those areas, maybe create jobs, you know, 384 00:20:00,480 --> 00:20:04,359 Speaker 3: put mixed use and commercials type of properties. We look 385 00:20:04,440 --> 00:20:07,200 Speaker 3: for areas where you know the zoning isn't as strict. 386 00:20:08,359 --> 00:20:11,280 Speaker 3: Areas where there's public transportation. You know, those are the 387 00:20:11,359 --> 00:20:15,000 Speaker 3: areas where you know, we really want to focus in on, 388 00:20:15,119 --> 00:20:17,800 Speaker 3: because especially if people don't necessarily have the money, they 389 00:20:17,800 --> 00:20:20,200 Speaker 3: may not be able to drive to public transportation that's 390 00:20:20,280 --> 00:20:22,000 Speaker 3: used because they got to get to and from work. 391 00:20:22,680 --> 00:20:25,920 Speaker 3: But really just finding areas where there's opportunities where it's 392 00:20:25,960 --> 00:20:29,440 Speaker 3: not too expensive and you know, teaching out people. 393 00:20:29,440 --> 00:20:32,359 Speaker 1: You could buy them all, right, right, but it's important 394 00:20:32,480 --> 00:20:35,800 Speaker 1: for the word buying the block, because buying one house 395 00:20:35,840 --> 00:20:38,879 Speaker 1: on the block could really be eject detriment to the plan. 396 00:20:39,280 --> 00:20:41,919 Speaker 1: Because here's the here's the thing. There's a note that 397 00:20:41,960 --> 00:20:46,439 Speaker 1: I knew because I you know, the opportunity is presented 398 00:20:46,520 --> 00:20:48,639 Speaker 1: to me. I didn't move forward on one of the 399 00:20:48,680 --> 00:20:51,879 Speaker 1: wrets in my life because the gentleman came to me. 400 00:20:52,000 --> 00:20:54,880 Speaker 1: He said, hey, we're going to knock on all these 401 00:20:54,920 --> 00:20:57,840 Speaker 1: doors on this block. It was a block, literally was 402 00:20:57,840 --> 00:21:00,479 Speaker 1: a block, and he said, this is why you do 403 00:21:00,520 --> 00:21:03,000 Speaker 1: it because this and this was in the city of Houston. 404 00:21:03,040 --> 00:21:05,879 Speaker 1: They said, by buying this block, the city of Houston 405 00:21:06,000 --> 00:21:09,240 Speaker 1: wants you to buy the block because once you tear 406 00:21:09,280 --> 00:21:11,200 Speaker 1: all this run all these people out, because that's what's 407 00:21:11,240 --> 00:21:14,000 Speaker 1: going to happen. You're going to run out the people 408 00:21:14,000 --> 00:21:17,159 Speaker 1: who can't afford what you're about to do. And so 409 00:21:18,000 --> 00:21:20,760 Speaker 1: that why by increasing the value the homes, then the 410 00:21:20,840 --> 00:21:23,879 Speaker 1: property tax can be increased. If you increase the property tax, 411 00:21:24,040 --> 00:21:27,000 Speaker 1: that means the school tax can be increased, which means 412 00:21:27,040 --> 00:21:29,760 Speaker 1: that your kids are going to get better educated in 413 00:21:29,800 --> 00:21:33,280 Speaker 1: that community. So it has a lot of value in 414 00:21:33,320 --> 00:21:36,600 Speaker 1: it when you're buying back the block, because it builds 415 00:21:36,640 --> 00:21:39,600 Speaker 1: the community. It brings value back in the community, and 416 00:21:39,640 --> 00:21:42,680 Speaker 1: that's really what really really is important when you're talking 417 00:21:42,800 --> 00:21:46,080 Speaker 1: like this. Now you have coming up in twenty twenty 418 00:21:46,080 --> 00:21:49,480 Speaker 1: four a Generational Wealth Expo. What exactly is that? 419 00:21:51,000 --> 00:21:54,159 Speaker 5: Yeah, so this would be our second annual one and 420 00:21:54,200 --> 00:21:57,760 Speaker 5: it's really just an expo where we're bringing in some 421 00:21:57,840 --> 00:22:01,720 Speaker 5: of the most influential people in the industry. 422 00:22:02,080 --> 00:22:06,600 Speaker 3: It ranges from real estate to life insurance to you 423 00:22:06,640 --> 00:22:12,920 Speaker 3: know tech. You know, we have people estate planners, tax advisors, 424 00:22:13,040 --> 00:22:16,439 Speaker 3: and we try to create a one day event where 425 00:22:16,680 --> 00:22:18,720 Speaker 3: you can come in there and it's a one stop 426 00:22:18,760 --> 00:22:23,680 Speaker 3: shop where, you know, if you're interested in entrepreneurship, we're 427 00:22:23,680 --> 00:22:27,119 Speaker 3: giving you the tools and resources to be able to 428 00:22:27,359 --> 00:22:30,520 Speaker 3: you know, succeed. And you know, we last year we 429 00:22:30,560 --> 00:22:33,000 Speaker 3: did it in Ward eight in d C, which is, 430 00:22:33,160 --> 00:22:36,000 Speaker 3: you know, probably the worst war. And our goal really 431 00:22:36,040 --> 00:22:39,040 Speaker 3: is to like bring light into our communities. We had 432 00:22:39,400 --> 00:22:42,480 Speaker 3: Matt Garland from Earn Your Leisure. We had Henry Washington 433 00:22:42,480 --> 00:22:45,719 Speaker 3: and bigger pockets. We have some really dynamic individuals. Lindsay 434 00:22:45,720 --> 00:22:48,960 Speaker 3: Smith one of the best insurance brokers. They all came 435 00:22:49,000 --> 00:22:51,959 Speaker 3: out along with myself and others just notable people, and 436 00:22:52,160 --> 00:22:55,520 Speaker 3: you know, they just poured into our attendees and really 437 00:22:55,760 --> 00:22:58,320 Speaker 3: the goal is to help people understand how you can 438 00:22:58,359 --> 00:23:01,760 Speaker 3: build generational wealth no matter where you're at, you can 439 00:23:01,800 --> 00:23:05,240 Speaker 3: get started and you know, you can put plans in place. 440 00:23:05,600 --> 00:23:08,439 Speaker 3: And it's really it's a really great time where we 441 00:23:08,600 --> 00:23:12,879 Speaker 3: just really educated our people and we sponsored returning citizens. 442 00:23:13,400 --> 00:23:16,879 Speaker 3: We gave them opportunity to hear from some of these experts. 443 00:23:16,880 --> 00:23:19,359 Speaker 3: We had some high school kids and really just trying 444 00:23:19,359 --> 00:23:22,399 Speaker 3: to create, you know, opportunity where people are inspired and 445 00:23:23,000 --> 00:23:24,600 Speaker 3: ready and have a road map. 446 00:23:24,760 --> 00:23:28,159 Speaker 1: And this would be in the DMV area, Washington, DC, Maryland, 447 00:23:28,240 --> 00:23:28,760 Speaker 1: Virginia area. 448 00:23:28,800 --> 00:23:29,840 Speaker 3: I'll go to Washington, d C. 449 00:23:30,560 --> 00:23:33,240 Speaker 1: Before we go, we have a caller and I want 450 00:23:33,280 --> 00:23:35,359 Speaker 1: to take this call before we end the interview. Kevin, 451 00:23:35,640 --> 00:23:37,520 Speaker 1: Kevin from Atlanta. How are you doing? This is Rushan 452 00:23:37,600 --> 00:23:40,160 Speaker 1: mcdonaland Randy Lewis is calling in on the show. 453 00:23:40,160 --> 00:23:42,880 Speaker 6: Do you have a question, Yes, gentlemen, how are you all? 454 00:23:43,440 --> 00:23:45,920 Speaker 6: I have two part questions. One first question is there 455 00:23:46,000 --> 00:23:48,080 Speaker 6: is an empty lot in my neighborhood and I've been 456 00:23:48,440 --> 00:23:51,160 Speaker 6: maintaining keeping it for the County. I've gone and talked 457 00:23:51,160 --> 00:23:53,040 Speaker 6: to them about trying to purchase it. Is there any 458 00:23:53,119 --> 00:23:55,040 Speaker 6: other ways that I would because they told me I 459 00:23:55,040 --> 00:23:56,680 Speaker 6: would have to pay all of the back taxes that 460 00:23:56,720 --> 00:23:58,879 Speaker 6: were old on the property if I wanted to own it. 461 00:23:58,960 --> 00:24:02,119 Speaker 6: And then my second question is that in my neighborhood 462 00:24:02,200 --> 00:24:05,840 Speaker 6: there are several houses that have been purchased by these 463 00:24:05,880 --> 00:24:09,680 Speaker 6: major companies, these major military companies, and they're putting people 464 00:24:09,680 --> 00:24:13,919 Speaker 6: in these houses that and they're charging them high mortgage 465 00:24:14,000 --> 00:24:16,560 Speaker 6: rate and most of them can't afford it. And the 466 00:24:16,680 --> 00:24:19,000 Speaker 6: last that we had some squatters, but they're not doing 467 00:24:19,000 --> 00:24:22,000 Speaker 6: anything to enhance the neighborhood. They're bringing down the value 468 00:24:22,000 --> 00:24:24,760 Speaker 6: of our neighborhood. What is it or can we do 469 00:24:24,800 --> 00:24:29,600 Speaker 6: anything to block them or get them out of the neighborhoods. 470 00:24:31,400 --> 00:24:39,159 Speaker 3: That's a great question. So the first question you had mentioned. 471 00:24:39,480 --> 00:24:41,800 Speaker 1: It was a vacant house in this neighborhood, but there 472 00:24:41,800 --> 00:24:44,359 Speaker 1: are back taxes on it. Anyway you can get the 473 00:24:44,440 --> 00:24:46,120 Speaker 1: house without paying the back taxes? 474 00:24:48,960 --> 00:24:50,480 Speaker 3: No, not for miness then. 475 00:24:52,880 --> 00:24:55,680 Speaker 1: As universal know there, Randy, that's a universal. 476 00:24:55,359 --> 00:25:00,399 Speaker 3: No right from you know, I would not let that you. 477 00:25:00,520 --> 00:25:02,440 Speaker 3: I mean a lot of times we think about doing 478 00:25:02,520 --> 00:25:05,399 Speaker 3: things individually, But why not you know, maybe reach out 479 00:25:05,440 --> 00:25:07,720 Speaker 3: to some other people on your network and see, hey, 480 00:25:07,760 --> 00:25:10,919 Speaker 3: can we you know, collaborate together great of fund, you know, 481 00:25:11,080 --> 00:25:14,800 Speaker 3: work together to purchase it collectively. So I would think, 482 00:25:15,080 --> 00:25:16,920 Speaker 3: you know, if you can't come up with the fund yourself, 483 00:25:16,960 --> 00:25:19,400 Speaker 3: maybe trying to you know, find other people that can 484 00:25:19,440 --> 00:25:19,880 Speaker 3: help you. 485 00:25:19,960 --> 00:25:21,800 Speaker 1: And let me slide in on that stay on top 486 00:25:21,840 --> 00:25:23,960 Speaker 1: of that house because that house can come up for 487 00:25:24,040 --> 00:25:26,280 Speaker 1: auction and you don't want to miss out on that. 488 00:25:26,680 --> 00:25:30,119 Speaker 1: And don't keep like I said, keep egleizle that land. 489 00:25:30,240 --> 00:25:33,240 Speaker 1: And also the history on it, you know is who 490 00:25:33,240 --> 00:25:37,320 Speaker 1: owns that land all those things because sometimes when when 491 00:25:37,320 --> 00:25:39,520 Speaker 1: you don't have to pay the taxes on it, somebody 492 00:25:39,680 --> 00:25:42,639 Speaker 1: is it's the community would say, or the state or 493 00:25:42,680 --> 00:25:44,520 Speaker 1: the city say, you know, we're just gonna get what 494 00:25:44,640 --> 00:25:47,240 Speaker 1: we can off the property. So don't let the fact 495 00:25:47,280 --> 00:25:50,439 Speaker 1: that it has you know, a tax land on that 496 00:25:50,560 --> 00:25:53,480 Speaker 1: land stop you from considering it. And it will never 497 00:25:53,520 --> 00:25:55,520 Speaker 1: be a possibility, but they are going to want some 498 00:25:55,760 --> 00:25:59,000 Speaker 1: form of tax payment to release that property for sale 499 00:25:59,200 --> 00:26:01,320 Speaker 1: and a lot of times gone to auction. And your 500 00:26:01,359 --> 00:26:04,359 Speaker 1: next question was about people who are basically not so 501 00:26:04,440 --> 00:26:07,159 Speaker 1: much squatters. But you know, be this big corporation or 502 00:26:07,280 --> 00:26:10,080 Speaker 1: just coming in and you get the commercials, you have 503 00:26:10,160 --> 00:26:14,359 Speaker 1: to tell us, we just buy your home online, just we'll, we'll, we'll, 504 00:26:14,520 --> 00:26:16,719 Speaker 1: we'll give you a price, and if you move in 505 00:26:16,800 --> 00:26:20,040 Speaker 1: and the house sale goes up, we'll give you the difference. 506 00:26:20,240 --> 00:26:22,919 Speaker 1: These people are taking over communities and he wants to 507 00:26:22,960 --> 00:26:25,720 Speaker 1: know how can that be stopped or he's just gonna 508 00:26:25,720 --> 00:26:27,840 Speaker 1: be a frustrated person in his community. Randy. 509 00:26:29,840 --> 00:26:32,120 Speaker 3: Yeah, so that's a trigger one as well. I mean, 510 00:26:32,240 --> 00:26:34,480 Speaker 3: because at the end of the day, you know, people 511 00:26:34,520 --> 00:26:37,879 Speaker 3: are squads and squatters have rights in a lot of states. 512 00:26:38,200 --> 00:26:39,800 Speaker 3: So it's just a matter of going through the core 513 00:26:39,920 --> 00:26:45,960 Speaker 3: process with that, you know. It's it's it's a matter 514 00:26:46,000 --> 00:26:48,199 Speaker 3: of I know, for people who are falling behind on 515 00:26:48,240 --> 00:26:51,080 Speaker 3: their mortgage and stuff, there's a lot of different HUD 516 00:26:51,200 --> 00:26:54,320 Speaker 3: programs that may allow them to you know, get back 517 00:26:54,359 --> 00:26:56,520 Speaker 3: on their seat because you know, throughout it, a life 518 00:26:56,560 --> 00:26:59,760 Speaker 3: happens and we don't really know what's going on, but 519 00:27:00,000 --> 00:27:02,440 Speaker 3: you know, and that's why it's important to when we're 520 00:27:02,440 --> 00:27:05,920 Speaker 3: buying these homes, we educate ourselves what's the best product. 521 00:27:06,400 --> 00:27:10,240 Speaker 3: Like programs like NACA where you know, they're making you 522 00:27:10,280 --> 00:27:14,440 Speaker 3: really go through a process to see if something's really affordable. So, 523 00:27:15,119 --> 00:27:18,240 Speaker 3: you know, I think that's really the best approach in 524 00:27:18,320 --> 00:27:20,119 Speaker 3: terms of like trying to get them out. There's not 525 00:27:20,160 --> 00:27:21,879 Speaker 3: really much we can do now. 526 00:27:22,000 --> 00:27:24,240 Speaker 1: Loans, they on their property, loans, they don't fall behind 527 00:27:24,240 --> 00:27:27,400 Speaker 1: in the payments. Unfortunately, the you know, home ownership does 528 00:27:27,440 --> 00:27:30,159 Speaker 1: give you a lot of rights, and squatters kind of 529 00:27:30,680 --> 00:27:33,080 Speaker 1: can take advantage of that because you can't do anything 530 00:27:33,080 --> 00:27:35,800 Speaker 1: physically to get these people out because they have rights. 531 00:27:35,840 --> 00:27:37,399 Speaker 1: As soon as they get avanaged on the doors, they 532 00:27:37,400 --> 00:27:40,840 Speaker 1: have rights. Their rights can supersede your rights. Correct. 533 00:27:41,080 --> 00:27:43,960 Speaker 6: Yeah, but the issue that we're having is that it's 534 00:27:43,960 --> 00:27:47,520 Speaker 6: like these companies from Arizona, outside of States, right, they're 535 00:27:47,560 --> 00:27:51,360 Speaker 6: purchasing these houses and the mortgage that they're charging these 536 00:27:51,359 --> 00:27:53,680 Speaker 6: folks are the type of clients that they're getting. They're 537 00:27:53,720 --> 00:27:55,240 Speaker 6: not doing any type of vetting of them. 538 00:27:55,440 --> 00:27:55,560 Speaker 1: Right. 539 00:27:55,640 --> 00:27:57,480 Speaker 6: You can see that these are people who are running 540 00:27:57,480 --> 00:28:00,360 Speaker 6: a credit card scam to get a place to sleep night, 541 00:28:00,520 --> 00:28:03,720 Speaker 6: and they're not making any improvements on the house yard. 542 00:28:03,720 --> 00:28:04,560 Speaker 6: And now it's bringing my. 543 00:28:05,040 --> 00:28:07,720 Speaker 1: Your value down and making you disappointed every time you 544 00:28:07,760 --> 00:28:10,080 Speaker 1: come home. Thank you, Kevin, Thank you Randel Lewis for 545 00:28:10,080 --> 00:28:12,480 Speaker 1: coming on Money Making Conversations Masterclass. My friend, We're gonna 546 00:28:12,520 --> 00:28:16,040 Speaker 1: talk soon, okay. 547 00:28:16,600 --> 00:28:19,000 Speaker 4: Thank you for joining us for this edition of Money 548 00:28:19,000 --> 00:28:24,640 Speaker 4: Making Conversations Masterclass. Money Making Conversations Masterclass with rough Shan 549 00:28:24,720 --> 00:28:27,880 Speaker 4: McDonald is produced by thirty eight to fifteen Media Inc. 550 00:28:28,160 --> 00:28:31,439 Speaker 4: More information about thirty eight to fifteen Media Inc. Is 551 00:28:31,480 --> 00:28:34,919 Speaker 4: available at thirty eight to fifteen media dot com. And 552 00:28:35,080 --> 00:28:52,000 Speaker 4: always remember to lead with your gifts