Latest / Earn Your Leisure / EYL #234 How to Buy a Home With No Down Payment & No Closing Costs, The NACA Program Explained

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EYL #234 How to Buy a Home With No Down Payment & No Closing Costs, The NACA Program Explained · Earn Your Leisure

• 0:00
  Speaker 1: The time is come, ladies and gentlemen.
• 0:01
  Speaker 2: Invest Fest. That's right, that's right.
• 0:03
  Speaker 1: Invest Best twenty twenty three is here.
• 0:06
  Speaker 2: August twenty fifth, twenty six, and twenty seventh in Atlanta, Georgia.
• 0:09
  Speaker 2: We are taking into a new level, bigger than ever.
• 0:12
  Speaker 2: This year we're gonna do twenty thousand people in Atlanta, Georgia.
• 0:17
  Speaker 1: I want you to do yourself a favor. Head over
• 0:19
  Speaker 1: to investmst dot com right now.
• 0:20
  Speaker 2: We will have activations for on Friday, Saturday and Sunday,
• 0:24
  Speaker 2: three days, musical performances, billionaires. Everything is going to be
• 0:29
  Speaker 2: a completely life changing experience. Vendor, marketplace, food, truck village.
• 0:34
  Speaker 3: You know how we do.
• 0:35
  Speaker 1: Don't wait, don't hesitate that over now.
• 0:37
  Speaker 2: If you can pay rent, you can pay a mortgage
• 0:39
  Speaker 2: because most of the time the rent is higher.
• 0:41
  Speaker 1: Oh yeah.
• 0:41
  Speaker 2: The problem that stops people from buying a home is
• 0:44
  Speaker 2: a down payment. So the dollars, you know that, but
• 0:46
  Speaker 2: it's like the down payment. So it's like if you're
• 0:49
  Speaker 2: living in the Bronx, you might be paying nineteen hundred
• 0:52
  Speaker 2: dollars a month for a one bedroom and not a
• 0:55
  Speaker 2: great neighborhood. Yep, you can, you can.
• 0:57
  Speaker 3: You can go by care forty in that same neighborhood.
• 1:00
  Speaker 2: What'll stopping you fifty thousand dollars sixty thousand down payment.
• 1:04
  Speaker 2: So that's what stops a lot of people from ever
• 1:07
  Speaker 2: buying a home, and they just stay on the on
• 1:09
  Speaker 2: the rent path. Rent comment to this is something that
• 1:14
  Speaker 2: people don't fully understand. Rent's not cheap.
• 1:18
  Speaker 4: My graduates from my school being forced back drop b drop.
• 1:24
  Speaker 3: Mike, drop back drop drop.
• 1:36
  Speaker 2: All right, guys, welcome back, eyl. We back back in
• 1:41
  Speaker 2: the lab. So this is gonna be one of those
• 1:44
  Speaker 2: episodes that people love from us from the beginning. You know,
• 1:48
  Speaker 2: it's great. We've been all around the world. We've been
• 1:52
  Speaker 2: talking to billionaires and you know, having high level conversation
• 1:55
  Speaker 2: stuff like that. But the most useful information has always
• 1:59
  Speaker 2: been the practical day to day stuff that the everyday
• 2:02
  Speaker 2: person can go out tomorrow and execute in their real life.
• 2:06
  Speaker 2: Whether it's how to open how to open a brokera account,
• 2:10
  Speaker 2: to buy stocks, how to start a five to twenty
• 2:13
  Speaker 2: nine plan, to save money for your kid, how to
• 2:16
  Speaker 2: you know, get a mobile home, how to get a
• 2:19
  Speaker 2: vending machine. All of those type of niche niche episodes
• 2:25
  Speaker 2: have always done well. So we talk about real estate
• 2:28
  Speaker 2: so much. We talk about real estate a lot, but
• 2:31
  Speaker 2: this is a topic that we really haven't talked about
• 2:34
  Speaker 2: in depth. So there's a KNAKA program in a c
• 2:38
  Speaker 2: A knacka.
• 2:39
  Speaker 1: Nonprofit community advocacy and home ownership organization for those.
• 2:43
  Speaker 2: Not KNAKA is a program that allows first time home
• 2:48
  Speaker 2: buyers to get a home. And there's a lot of
• 2:51
  Speaker 2: benefits as far as the down payment. There is no
• 2:55
  Speaker 2: down payment.
• 2:55
  Speaker 1: Right there, that's one of the benefits.
• 2:57
  Speaker 2: There's a variety of difference. What's some of the benefits.
• 3:00
  Speaker 1: So we got no down payment, credit score can be
• 3:04
  Speaker 1: as low as six twenty, closing costs none.
• 3:09
  Speaker 4: You get the lowest interest rate in the country, regardless
• 3:11
  Speaker 4: of your credit score, with the option to buy it
• 3:13
  Speaker 4: down lower.
• 3:14
  Speaker 1: I mean those benefits right there charge a lot a lot. Yeah,
• 3:18
  Speaker 1: this is one of those information on us. Application will
• 3:21
  Speaker 1: be on.
• 3:22
  Speaker 2: So KNAKA is a program that allows you to buy
• 3:24
  Speaker 2: a home the lowest cost possible. Let's just say that.
• 3:27
  Speaker 2: And uh, traveling around, we always meet great people. So
• 3:31
  Speaker 2: we met I'm not showing we met a while ago.
• 3:34
  Speaker 3: We met in Atlanta the first time.
• 3:35
  Speaker 4: That was the first time I met y'all at MGHTS
• 3:39
  Speaker 4: and Gyms episode.
• 3:40
  Speaker 3: Yes, yes, my guy in the room with y'all.
• 3:41
  Speaker 4: We did a club house before together and then I
• 3:46
  Speaker 4: met y'all again when y'all came to Chicago and me
• 3:49
  Speaker 4: and you got to spend some time on the boat
• 3:51
  Speaker 4: and that was that was the boat.
• 3:54
  Speaker 3: On the river.
• 3:55
  Speaker 2: That was a nice nice pulled up to the steakhouse.
• 3:58
  Speaker 5: Yeah yeah, yeah, the boat Chicago twist, and I know
• 4:03
  Speaker 5: I hear about Chicago, but yeah, we kicked it like
• 4:06
  Speaker 5: real players when y'all came fire.
• 4:08
  Speaker 1: That was definitely a moment.
• 4:09
  Speaker 2: Shout out to we coming back to Chicago for market Monday.
• 4:12
  Speaker 3: Oh yeah, I can't wait for that. I saw y'all
• 4:13
  Speaker 3: in the world too, the one.
• 4:15
  Speaker 1: To be one of the ones very intentionally to chow
• 4:17
  Speaker 1: Chicago as.
• 4:18
  Speaker 2: They So yeah, so we met Dre. So Dre has
• 4:22
  Speaker 2: become the online leader when it comes to speaking about
• 4:25
  Speaker 2: NAKA from firsthand experience. And this is why I like
• 4:28
  Speaker 2: to interview people like this as well, because it's one
• 4:30
  Speaker 2: thing to have somebody from the program speak about it,
• 4:33
  Speaker 2: but it's always beneficial from somebody that actually just went
• 4:35
  Speaker 2: through the program himself and had success. So he actually
• 4:39
  Speaker 2: went through the program, has success with the program, and
• 4:43
  Speaker 2: now he's an advocate for the program, and you know,
• 4:46
  Speaker 2: he teaches people and provides information about best practices on
• 4:52
  Speaker 2: how you can utilize the program so you can become
• 4:56
  Speaker 2: a homeowner. So yeah, first he had experience. Is not
• 4:59
  Speaker 2: like something somebody like, you know, teaching out of a textbook.
• 5:02
  Speaker 2: It's like the real life. This is what I did.
• 5:04
  Speaker 2: There's some mistakes that I made. This is things that
• 5:07
  Speaker 2: I did that you know, you should learn about, and
• 5:10
  Speaker 2: it's something that you know a lot of people have
• 5:12
  Speaker 2: been able to gain help from.
• 5:14
  Speaker 1: Yeah, it's one of those things. And like if you've
• 5:16
  Speaker 1: been in the real estate space, a lot of loan
• 5:19
  Speaker 1: officers don't know as much information as the people who
• 5:21
  Speaker 1: are actually going through it. So in order to you know,
• 5:24
  Speaker 1: understand it, going through the trials is part of it.
• 5:26
  Speaker 1: So I'm sure that you're educating loan offices and people progress.
• 5:31
  Speaker 4: Agents because everybody, because it's a man a program, is
• 5:35
  Speaker 4: so little known and I feel like a program like
• 5:37
  Speaker 4: this will just be known across the nation, just like
• 5:39
  Speaker 4: by everybody. But now is also a non for profit,
• 5:42
  Speaker 4: so they don't do any marketing. That's why they have
• 5:44
  Speaker 4: a clause in their program that once you go through
• 5:47
  Speaker 4: the program, you know what I mean, you kind of
• 5:48
  Speaker 4: got to advocate for the program because they don't have
• 5:50
  Speaker 4: marketing dollars, so you have to go out and tell
• 5:52
  Speaker 4: people about the program.
• 5:53
  Speaker 3: And at this point, I've become.
• 5:54
  Speaker 4: Like their biggest You're doing your due diligence way more
• 5:58
  Speaker 4: than my due diligence.
• 6:00
  Speaker 2: Yeah.
• 6:01
  Speaker 3: So, first and foremost, thank you for joining us, and
• 6:03
  Speaker 3: I appreciate you all having me on. Y'all know this honor.
• 6:05
  Speaker 3: I tell people all the time, like, man.
• 6:07
  Speaker 4: These brothers interview billionaires on the regular and I'm just
• 6:10
  Speaker 4: a south Side kid from Chicago to projects and here
• 6:13
  Speaker 4: I am.
• 6:14
  Speaker 3: Man, look at.
• 6:14
  Speaker 1: God crazy, Yes, eyl, He's worthy of all things.
• 6:24
  Speaker 2: Yes. So all right, so let's get into this. Where
• 6:27
  Speaker 2: does this all start? You from Chicago, right, used to
• 6:31
  Speaker 2: play basketball?
• 6:32
  Speaker 4: So no, I didn't play basketball, just hung around about
• 6:35
  Speaker 4: my friends there. So I'm from the South Side, Cargo
• 6:37
  Speaker 4: to Ida b Wells projects. I didn't grow up with
• 6:39
  Speaker 4: any financial literacy, man EBT, Section eight, government assistant everything.
• 6:45
  Speaker 4: In the late eighties and early nineties, my projects, just
• 6:48
  Speaker 4: like probably a lot of everybody's projects, were hit extremely
• 6:51
  Speaker 4: hard by the drug epidemic. My mom and dad were
• 6:53
  Speaker 4: affected by that. I ended up being adopted into my
• 6:56
  Speaker 4: own family by my aunt. Thank god, I didn't have
• 6:58
  Speaker 4: to go through the system or any of that kind
• 6:59
  Speaker 4: of stuff. So I moved out to the suburb called Maywood,
• 7:03
  Speaker 4: and there I went to a high school called Proviso
• 7:05
  Speaker 4: East High School, and Proviso East is essentially a basketball factory.
• 7:09
  Speaker 4: Michael Finley, Doc River, Steve Hunter, Shannon Brown, d Brown,
• 7:13
  Speaker 4: Sterling Brown is just like an unlimited amount of NBA
• 7:16
  Speaker 4: players that come out of this school. Just even now,
• 7:19
  Speaker 4: we still got a bunch of players in the league.
• 7:21
  Speaker 3: And me moving out there.
• 7:24
  Speaker 4: I went to this school and I used to rap,
• 7:26
  Speaker 4: and you know, sports in rap go hand in hand.
• 7:29
  Speaker 4: And I was just like, you know, this dude went
• 7:31
  Speaker 4: around the school battling everybody, beating everybody in rap battles
• 7:33
  Speaker 4: and all that. And of course to start basketball players,
• 7:36
  Speaker 4: it's like, yo, what's good, bro, We love what you're
• 7:38
  Speaker 4: doing or whatever. So we would link up, you know,
• 7:39
  Speaker 4: I pick up games and all that. But I realized
• 7:42
  Speaker 4: I wasn't nowhere near as good as these guys like
• 7:44
  Speaker 4: they like, you know, like they got Coach k and
• 7:46
  Speaker 4: Tom Izzo come in the city, stands to watch them. Like,
• 7:48
  Speaker 4: mind you, d you went to University of Illinois and
• 7:50
  Speaker 4: Shannel went to Michigan State, Bill self and Tom Izzo,
• 7:53
  Speaker 4: two of the greatest college.
• 7:54
  Speaker 3: Coaches ever, you know what I'm saying.
• 7:55
  Speaker 4: So these were like people that were coming to my school,
• 7:58
  Speaker 4: and like I got exposed early, mind you ding Shannon
• 8:01
  Speaker 4: with both all Americans too, So like we would hang
• 8:05
  Speaker 4: out with people like Lebron James before Lebron was Lebron,
• 8:08
  Speaker 4: Like we'd be playing Madden and Shannon crib and stuff
• 8:10
  Speaker 4: like that. So I got exposure really really early to
• 8:13
  Speaker 4: a lot.
• 8:13
  Speaker 3: Of dope stuff. Even though my mindset wasn't quite there.
• 8:16
  Speaker 4: God started showing me a lot really really early, Like yo, Like,
• 8:19
  Speaker 4: I'm putting you in these rooms and around these specific
• 8:22
  Speaker 4: people for specific reasons, and I need you to know,
• 8:24
  Speaker 4: regardless of what your circumstances are or where you're from,
• 8:28
  Speaker 4: you wanted them dudes, And I didn't realize that for
• 8:30
  Speaker 4: a very very long time. And those relationships kind of
• 8:32
  Speaker 4: cultivated that mindset for me.
• 8:34
  Speaker 1: Man.
• 8:35
  Speaker 2: So at what point do you get into real estate?
• 8:40
  Speaker 2: What point do you even have the aspiration to buy
• 8:43
  Speaker 2: a home, Because, like you said, a lot of times
• 8:44
  Speaker 2: people come from an environment where buying a home it's
• 8:47
  Speaker 2: not even something that's even a goal for.
• 8:49
  Speaker 3: Them, wasn't a goal at all.
• 8:50
  Speaker 4: So initially, like I said, I was chasing rap like
• 8:52
  Speaker 4: I was trying to do music. So one of my
• 8:54
  Speaker 4: other homies, Coachline on the Beat, he's a producer. He
• 8:56
  Speaker 4: sold over forty million records worldwide. Yeah, Rihanna, Burt Thay
• 9:00
  Speaker 4: Cake as Big Sean Anaconda, Nicki Minaj, Justin Bieber, He's
• 9:04
  Speaker 4: done so many records.
• 9:06
  Speaker 3: And he was and he was my producer.
• 9:09
  Speaker 4: And I'm meeting with labels, I'm opening up shows for
• 9:12
  Speaker 4: Fat Joe, Young Jock when he popping, you know what
• 9:14
  Speaker 4: I'm saying, sitting next to jay Z and Beyonce at
• 9:16
  Speaker 4: the Final four games. And when I tell y'all, this
• 9:18
  Speaker 4: shit would not break for me, like nobody would sign me,
• 9:22
  Speaker 4: Like it just would not happen for whatever the reason.
• 9:24
  Speaker 4: So after a while I realized, bro like your life
• 9:27
  Speaker 4: is a facade, Like you're not who you say you are.
• 9:30
  Speaker 4: You're not this imagery putting out there. You're doing music videos,
• 9:33
  Speaker 4: you hanging out with millionaires, which is cool, but you
• 9:35
  Speaker 4: dead as broke though, Like you got eviction notices on
• 9:38
  Speaker 4: your door, you have children that you're not taking care
• 9:40
  Speaker 4: of all of these things. So I have to really
• 9:42
  Speaker 4: have a like you know, sitting down with myself and
• 9:44
  Speaker 4: just be like all right, like you gotta do something different.
• 9:47
  Speaker 4: So I stepped away from music, and I wouldn't have
• 9:50
  Speaker 4: got me a job at a telemarketing company.
• 9:52
  Speaker 3: Bro Like just like the worst of the worst.
• 9:54
  Speaker 4: I'm calling people like putting him in schools like the
• 9:56
  Speaker 4: Ride University, like Everest, Like you know what I'm saying,
• 10:00
  Speaker 4: I'm really selling this ship though, like mind you, Like
• 10:02
  Speaker 4: I'm like I'm in the office killing like top salesmen
• 10:05
  Speaker 4: everything whole time. I'm knowing I'm just ruining people's lives,
• 10:08
  Speaker 4: like you know what I'm saying.
• 10:09
  Speaker 3: But it's a job. It's pays.
• 10:11
  Speaker 1: What's that what's that experience? Like though? Right like to
• 10:13
  Speaker 1: like I'm saying the story.
• 10:15
  Speaker 3: I'm just.
• 10:18
  Speaker 1: You.
• 10:18
  Speaker 4: I go from here and to look, it was a
• 10:21
  Speaker 4: time where I was I was like, I mean Kobe
• 10:23
  Speaker 4: Bryant Shanna play for the Lakers one back to back
• 10:25
  Speaker 4: championship with Kobe Mary Monica, Like I'm a part of
• 10:27
  Speaker 4: all of.
• 10:28
  Speaker 3: This kind of shit.
• 10:29
  Speaker 4: I go from here to here, like and I'm just
• 10:32
  Speaker 4: in this cubicle life, like.
• 10:39
  Speaker 3: What is happening in my life right now? Mind you?
• 10:42
  Speaker 4: Like I'm around people that are just getting out of jail,
• 10:45
  Speaker 4: like you know what I'm saying, women that got you know,
• 10:48
  Speaker 4: three four kids like people like that. I grew up
• 10:50
  Speaker 4: around Section e EBT and I don't judge any of this,
• 10:53
  Speaker 4: but this is just not the mindset that I had
• 10:56
  Speaker 4: and to trying to get sucked back into this environment
• 10:58
  Speaker 4: after like coming out of this environment.
• 10:59
  Speaker 3: It's like, like what is going on in my life right now?
• 11:02
  Speaker 4: So I had to like really just like you know,
• 11:06
  Speaker 4: come down, get off my hot horse, and be like, God,
• 11:09
  Speaker 4: what are you trying to do for me? And it
• 11:12
  Speaker 4: was just he's trying to teach me a lesson, Like bro,
• 11:14
  Speaker 4: like you not doing what I called you to do,
• 11:16
  Speaker 4: Like you know what I'm saying, Like all of this
• 11:17
  Speaker 4: is cool, it sound cool, but this ain't for you.
• 11:20
  Speaker 4: And once I realized that, I googled. I started googling
• 11:24
  Speaker 4: how do regular nine to fiver s get rich? This
• 11:29
  Speaker 4: is my first Google search cause I'm just like I
• 11:30
  Speaker 4: can't give up on my dream of getting wealthy because
• 11:33
  Speaker 4: I felt like sports and entertainment were it for me?
• 11:35
  Speaker 4: Coming from the hood, that's all we know, that's all
• 11:36
  Speaker 4: we exposed to, right, And I'm seeing my friends make it.
• 11:39
  Speaker 4: I'm seeing my homimaker and music. I'm like, yo, this
• 11:41
  Speaker 4: this is my move. But it's just like, no, this
• 11:43
  Speaker 4: ain't for you, right. And I kept on coming across
• 11:46
  Speaker 4: real estate in the stock market on my Google searches,
• 11:49
  Speaker 4: I came across the book RICHI Dad, Poor Dad.
• 11:51
  Speaker 3: It was on say Amazon, like four ninety nine. Just
• 11:53
  Speaker 3: it ain't gonna hurt me. Let me just buy this book.
• 11:55
  Speaker 3: The book came the next day. When I tell y'all,
• 11:58
  Speaker 3: I sat in my cubicle.
• 12:00
  Speaker 4: I was so locked in because this book just started
• 12:02
  Speaker 4: feeding me so much valuable information that I needed, and
• 12:06
  Speaker 4: I'm like, Yo, this is what I'm missing this whole time.
• 12:08
  Speaker 4: Like a light bulb went off on my head, like assets, reliabilities,
• 12:11
  Speaker 4: you know what I mean, taking ownership for your own,
• 12:13
  Speaker 4: not letting nobody boss you around like not as all
• 12:16
  Speaker 4: of these things. I'm like, Yo, this whole time, I've
• 12:18
  Speaker 4: been waiting on other people to do for me when
• 12:20
  Speaker 4: I need to be trying to do for myself. These
• 12:22
  Speaker 4: relationships have crippled me because I'm looking for my homies
• 12:26
  Speaker 4: to put me in position. I'm looking for my homies
• 12:28
  Speaker 4: to invest in me. I'm looking for my homies to
• 12:29
  Speaker 4: speak for me. And even though they did, that just
• 12:33
  Speaker 4: wasn't in God's plans, which is why it didn't work out.
• 12:35
  Speaker 4: Like you can have the most biggest and the best
• 12:38
  Speaker 4: speaking in vouching for you, if it's not in God's plans,
• 12:40
  Speaker 4: it won't ever work.
• 12:41
  Speaker 3: You can.
• 12:41
  Speaker 4: There are times where you can do absolutely everything right
• 12:45
  Speaker 4: and it still won't work out for you.
• 12:47
  Speaker 3: And what do you do then?
• 12:48
  Speaker 4: And that was my situation because I did everything right.
• 12:51
  Speaker 4: I was man going to radio, like you know what
• 12:53
  Speaker 4: I'm saying, paying DJ, do everything that you could possibly
• 12:56
  Speaker 4: do to be successful in the music industry. Man going
• 12:58
  Speaker 4: to the studio, mixing and mastering my records like you
• 13:01
  Speaker 4: know what I mean, really putting time, energy and money
• 13:03
  Speaker 4: into this, and it just never worked out.
• 13:05
  Speaker 3: And that book was just kind of.
• 13:07
  Speaker 4: Like just just like a mind explosion just went off,
• 13:10
  Speaker 4: like Yo, this is it. So immediately I started saving
• 13:13
  Speaker 4: all of my checks. After that book, I read Money
• 13:16
  Speaker 4: Master the Game by Tony Robbers. Ian speak on that
• 13:19
  Speaker 4: book highly heavily. I do too, cause it like, I say,
• 13:22
  Speaker 4: that really got my mind right as far as money,
• 13:25
  Speaker 4: Richard dat Porte got my mindset right.
• 13:27
  Speaker 3: But money master the game.
• 13:28
  Speaker 4: It was just like all right, man, vang art this
• 13:30
  Speaker 4: put your money over here, do this save you know
• 13:33
  Speaker 4: these many baskets. And it was just like what So
• 13:35
  Speaker 4: immediately man started doing full one K because they match.
• 13:38
  Speaker 3: Start saving all my bread, stop buying mic start eating
• 13:41
  Speaker 3: noodles every day.
• 13:42
  Speaker 4: Like bro, like I really just locked in and just
• 13:44
  Speaker 4: like sacrifice, stop going outside all the time. Job offering
• 13:47
  Speaker 4: overtime to people who were hitting their bonus. I was
• 13:50
  Speaker 4: a top producer in the job. I started working fifty
• 13:52
  Speaker 4: sixty hours a week. After about a year, I realized, Bro,
• 13:57
  Speaker 4: you got like ten grands saved up. You go buy
• 13:59
  Speaker 4: your house. So I call a mente, my mentor mind
• 14:03
  Speaker 4: a big sister, Keyoko. I met her through shunning relationships.
• 14:06
  Speaker 4: You always speak about relationships with Shah, and my relationships
• 14:09
  Speaker 4: that I have through my friends who played in the
• 14:11
  Speaker 4: NBA have been extremely valuable.
• 14:13
  Speaker 3: You know what I'm saying. I call her she's a broker.
• 14:16
  Speaker 4: I'm like, hey, Key, I'm ready about how She's like, yeah,
• 14:18
  Speaker 4: that sound cool or whatever, But you really need to
• 14:20
  Speaker 4: consider getting you a multi unit. You know what I mean,
• 14:22
  Speaker 4: because in your situation, you don't want to end up
• 14:25
  Speaker 4: stuck having to pay a mortgage and then you stuck
• 14:27
  Speaker 4: at that job that you really don't like. You use
• 14:29
  Speaker 4: that as a stepping stone to go get you a
• 14:31
  Speaker 4: multi unit. To qualify for your multi unit, and you
• 14:34
  Speaker 4: go through this program called nack A Neighborhood Assistance Corporations
• 14:37
  Speaker 4: of America. They got no money down, no coldes and costs,
• 14:41
  Speaker 4: no agent nor attorney fees, dre you off, the lowest
• 14:43
  Speaker 4: interest rate in the country, with the option to buy
• 14:45
  Speaker 4: down lower, all these different things.
• 14:47
  Speaker 3: And I'm like, you lie. She's like, no, I'm not.
• 14:49
  Speaker 3: What have I ever lied to you? I'm like, no,
• 14:51
  Speaker 3: you haven't. And uh. From there I went and deal,
• 14:54
  Speaker 3: she said, and just life life.
• 14:58
  Speaker 1: Now you're spokesperson.
• 15:01
  Speaker 2: So let's start at the beginning with NAKA. So I
• 15:03
  Speaker 2: first been introduced to NAKO in my sister was actually
• 15:06
  Speaker 2: going through the program with her late husband at the time,
• 15:12
  Speaker 2: and there was like a seminar that they had to
• 15:14
  Speaker 2: go through, and I was learning I had never heard
• 15:16
  Speaker 2: about the program before that they didn't actually go always
• 15:21
  Speaker 2: through with the program, which I find a lot of
• 15:23
  Speaker 2: people don't. The retention is so a lot of people
• 15:26
  Speaker 2: have criticized NACA because they're like, it's a lot that
• 15:28
  Speaker 2: you got to go through. It's very strenuous. So what's
• 15:32
  Speaker 2: the first step in the KNACKER process.
• 15:36
  Speaker 3: Like you said, going to that meeting.
• 15:37
  Speaker 2: It's about three or four hours and that's all over
• 15:39
  Speaker 2: the country, right.
• 15:39
  Speaker 4: Yeah, they pretty much break down everything, all of the
• 15:42
  Speaker 4: benefits of the program, the things that you have to do,
• 15:44
  Speaker 4: the rules for the program, things you can't do to
• 15:46
  Speaker 4: the program. And yeah, from there, you know, you sign
• 15:50
  Speaker 4: up and let them know what date you want to
• 15:53
  Speaker 4: meet with a mortgage counselor it could be up to
• 15:55
  Speaker 4: two years out, it could be up to two weeks out,
• 15:57
  Speaker 4: but you put whatever date when you're comfortable. I tell
• 15:59
  Speaker 4: people all the time, don't go into you're ready. You
• 16:02
  Speaker 4: know what I'm saying, Don't go into your like all
• 16:04
  Speaker 4: the way ready, don't go just trying to see what
• 16:06
  Speaker 4: they gonna say and all that, like you know, test
• 16:08
  Speaker 4: the program, Like, no, go when you're ready, when you
• 16:10
  Speaker 4: know you have your documentation order, you got your two
• 16:13
  Speaker 4: years work history and order, you got your two years
• 16:15
  Speaker 4: tax history and audio bank statements order like these are
• 16:18
  Speaker 4: things that all lenders require, not just NAKA. So it's
• 16:22
  Speaker 4: like you shouldn't be going to a lender any unless
• 16:23
  Speaker 4: you have this stuff in order anyway. But NACA is
• 16:26
  Speaker 4: just extra strict about their documentation because essentially, you're going
• 16:30
  Speaker 4: to these people asking them for hundreds of thousands of
• 16:33
  Speaker 4: dollars for absolutely nothing. Your credit ain't shit, you ain't
• 16:37
  Speaker 4: really shit, like you know what I'm saying, like most
• 16:40
  Speaker 4: of the time for real time, like, but these people
• 16:43
  Speaker 4: are still willing to give you a chance. Most lenders,
• 16:45
  Speaker 4: when you go to them in that situation, what they're
• 16:47
  Speaker 4: doing they're closing, doing your face and giving you a
• 16:49
  Speaker 4: decline letter NAKA.
• 16:50
  Speaker 3: They're gonna give you a checklist of things to do
• 16:52
  Speaker 3: until you to come back.
• 16:53
  Speaker 4: When you have those things done, your ID with them
• 16:57
  Speaker 4: is still gonna be intacked, your foul with them still
• 16:59
  Speaker 4: gonna be attack. You're gonna be able to update documents
• 17:01
  Speaker 4: and send stuff in, but they're just not going to
• 17:03
  Speaker 4: qualify you for a.
• 17:04
  Speaker 3: Loan until you get things marked off that checklist.
• 17:07
  Speaker 1: So it's a pretty strenuous checklist. So it's not IT'SANUD,
• 17:11
  Speaker 1: That's what I'm saying. Like people, most people with the
• 17:13
  Speaker 1: common misconception. It's like yo, I've seen people say yo,
• 17:15
  Speaker 1: I tried twice and I just can't get through it.
• 17:18
  Speaker 1: What is it? Is it the fact that they don't
• 17:20
  Speaker 1: have that profile that you just spoke about intact, or like,
• 17:24
  Speaker 1: what is the thing that is blocking people?
• 17:26
  Speaker 3: To me?
• 17:26
  Speaker 4: A lot of times it was my own fault. I
• 17:28
  Speaker 4: was getting in my own way, Like so just my mentality,
• 17:32
  Speaker 4: you know what I mean. So I'm you know, pointing
• 17:34
  Speaker 4: a finger at them. Like a lot of times they'll
• 17:36
  Speaker 4: be like, man, send us this document.
• 17:37
  Speaker 3: Or can you resend this?
• 17:39
  Speaker 4: And I would get mad and frustrated and want to
• 17:40
  Speaker 4: go back and forth and say of just sending the document,
• 17:42
  Speaker 4: like you know what I mean, So what if you
• 17:43
  Speaker 4: got to send it twice? Like it's just stuff, get lost, stuff,
• 17:46
  Speaker 4: get caught up in you know what I'm saying? Things
• 17:48
  Speaker 4: like that, And then too a lot of times people
• 17:50
  Speaker 4: get really frustrated because what they don't understand is KNAKA
• 17:53
  Speaker 4: is extremely understaffed. They're non for profit, they're understaffed, and
• 17:57
  Speaker 4: they're overworked. And then you got a person like me
• 18:00
  Speaker 4: out here screaming from the mountaintops on eyl where there's
• 18:04
  Speaker 4: millions of people following, Hey y'all, y'all can go get
• 18:06
  Speaker 4: y'all MAULTI unit with the knack of program So now
• 18:08
  Speaker 4: there's this rush of people going to the knack of programming.
• 18:11
  Speaker 3: Now they're even more overwork than more overwhelmed.
• 18:14
  Speaker 4: So it's like there has to be a level of
• 18:15
  Speaker 4: patience and understanding when you're taking advantage of a program
• 18:19
  Speaker 4: like this and just really getting like, all right, cool,
• 18:21
  Speaker 4: I know if I exercise patients at the end of
• 18:24
  Speaker 4: all of this, there won't be anything better out there
• 18:28
  Speaker 4: for me. So I made a real the other day
• 18:31
  Speaker 4: that said, I compare Naka to Tom Brady and Jordan.
• 18:35
  Speaker 4: They're not the biggest, they're not the strongest, they're not
• 18:37
  Speaker 4: the fastest, but they're the best in the clutch when
• 18:40
  Speaker 4: it comes to the closing table. When you look at
• 18:42
  Speaker 4: those numbers, they're gonna deliver every single time in the championship.
• 18:47
  Speaker 1: The inspiration from others drives us forward. Their resilience pushes
• 18:51
  Speaker 1: us to excel, and their path navigates the way towards freedom.
• 18:55
  Speaker 1: Ford is proud to celebrate Black History, not just this month,
• 18:59
  Speaker 1: but year round. They're committed to being the fuel for
• 19:02
  Speaker 1: change supporting Ford Fund program centered around economic, educational, and
• 19:07
  Speaker 1: empowerment opportunities for our communities to continue creating the future.
• 19:11
  Speaker 1: Learn more at fordfund dot org. Build Ford Proud.
• 19:16
  Speaker 4: Like you won't find anybody better. You won't find just
• 19:19
  Speaker 4: you won't find better numbers ever. And it's the same
• 19:21
  Speaker 4: thing like I say with Brady and Jordan, know they
• 19:23
  Speaker 4: not the most anything, but.
• 19:25
  Speaker 3: They just the best and they delivering a clutch when
• 19:27
  Speaker 3: it's time too.
• 19:27
  Speaker 2: So the steps all right, so you gotta go to
• 19:30
  Speaker 2: the seminar. Yep, that's like an all day thing, three
• 19:33
  Speaker 2: four hours and they edited what do they teach you
• 19:35
  Speaker 2: on the seminar?
• 19:36
  Speaker 4: They don't teach you anything. They just tell you about
• 19:38
  Speaker 4: the program, you know, like the benefits of the program,
• 19:41
  Speaker 4: like I say, the rules and different things like that.
• 19:43
  Speaker 4: Naka doesn't teach you real estate, so like if you
• 19:45
  Speaker 4: don't know real estate, you probably have to go learn real.
• 19:48
  Speaker 3: Estate and then go through the program.
• 19:49
  Speaker 4: Because I tell people this all the time, no matter
• 19:52
  Speaker 4: what program you're going through, if you're going to buy property,
• 19:55
  Speaker 4: have some knowledge because if you don't, you're at that
• 19:57
  Speaker 4: point leaving your agent, your whoever to kind of like
• 20:01
  Speaker 4: hijack your deal and lead you wherever it is you
• 20:03
  Speaker 4: want to go, as opposed to you quarterback in your
• 20:05
  Speaker 4: own deal. So have some knowledge and some information on
• 20:07
  Speaker 4: this stuff. So when you go in, you can kind
• 20:09
  Speaker 4: of tell your agent, hey, look, I'm looking for a
• 20:11
  Speaker 4: multi unit property undervalue that has people living in and
• 20:14
  Speaker 4: already cash flow. You can tell the lender, hey, look
• 20:16
  Speaker 4: i'm qualifying. I'm going to apply for a multi unit property,
• 20:19
  Speaker 4: So don't just qualify me based on my income. I'll
• 20:22
  Speaker 4: let you know how much the income the building is generating.
• 20:24
  Speaker 3: You know what I'm saying. Like, you work with these.
• 20:25
  Speaker 4: People and tell them what it is that you're looking
• 20:27
  Speaker 4: for so they can put the play together for you.
• 20:29
  Speaker 3: You know what I'm saying.
• 20:30
  Speaker 4: But if you don't know anything and you're just depending
• 20:32
  Speaker 4: on these people to do the work for you, you're not
• 20:34
  Speaker 4: going to get anything done because that's not their job.
• 20:37
  Speaker 1: So that that's one of the things, right, So you
• 20:39
  Speaker 1: have to have to do your due diligence before you
• 20:41
  Speaker 1: go in anything, and you have to have your profile
• 20:44
  Speaker 1: ready before you go.
• 20:45
  Speaker 2: Well, I want to just ask what the profile? So
• 20:48
  Speaker 2: all right, so you go through the seminar two hours,
• 20:52
  Speaker 2: then you meet with a counselor, and that's like an hour.
• 20:54
  Speaker 4: And that's not the counselor meeting depends on you know,
• 20:58
  Speaker 4: how much of your stuff you got together or not.
• 21:00
  Speaker 4: So when you meet with your counsel that's on the
• 21:02
  Speaker 4: thorough you know what I mean. Do diligence. Start with them.
• 21:04
  Speaker 3: Background check, you know, bank statement check. Man, give us
• 21:06
  Speaker 3: your two years tech history, give us your two years.
• 21:08
  Speaker 4: You know what I mean, work history, you know, just
• 21:10
  Speaker 4: like give us your like history of like you know,
• 21:13
  Speaker 4: where you've lived for the past ten years, like things
• 21:15
  Speaker 4: like that that they ask you. And some people can
• 21:18
  Speaker 4: get frustrated with it because a lot of times we
• 21:20
  Speaker 4: tend to have the mindset of man, I don't want
• 21:22
  Speaker 4: nobody in my business. But it's like, bro, like I said,
• 21:24
  Speaker 4: you're going to borrow hundreds of thousands of dollars from
• 21:27
  Speaker 4: these people, Like it's the bank. You need to have
• 21:29
  Speaker 4: a relationship with the bank. NAKA is funded by Bank
• 21:31
  Speaker 4: of America, So it's no different than going to Bank
• 21:33
  Speaker 4: of America, City bank whoever to go and get a loan.
• 21:36
  Speaker 4: There are gonna be certain things that are required and
• 21:39
  Speaker 4: if you're doing anything fraud or scammy or anything like that,
• 21:42
  Speaker 4: of course you don't want nobody and your business. But
• 21:44
  Speaker 4: if you legit man, get these people what they're asking
• 21:46
  Speaker 4: for because they're essentially about to change your life.
• 21:48
  Speaker 1: That person that you meet, let's say you've done those
• 21:50
  Speaker 1: first two steps and you know you sick with that person.
• 21:52
  Speaker 1: If that person stay with you through the process or
• 21:54
  Speaker 1: you pass the person.
• 21:55
  Speaker 4: Your mortgage counsel is with you throughout the whole process.
• 21:58
  Speaker 4: That's who you work with. And if there's a time
• 22:00
  Speaker 4: where you know you and your mortgage counselor not getting
• 22:02
  Speaker 4: the loan, they may not be responsive enough. You can
• 22:04
  Speaker 4: request to change your mortgage counselor like you have all
• 22:07
  Speaker 4: of those different options to pretty much like I say,
• 22:09
  Speaker 4: quarterback your own deal, which is what I did. And
• 22:12
  Speaker 4: like I told y'all, it's not the easiest process because
• 22:15
  Speaker 4: there are gonna be times where they may not get
• 22:17
  Speaker 4: back to you. They may not call back. Like bro,
• 22:19
  Speaker 4: I was pulling up to the office like you know
• 22:20
  Speaker 4: what I'm saying, like what's up? Like I sent y'all
• 22:22
  Speaker 4: my documents. I did everything that I'm supposed to do,
• 22:24
  Speaker 4: Like now what's the next steps? And you know they
• 22:26
  Speaker 4: would go review the five like you know what mister Ham,
• 22:28
  Speaker 4: is you right, I'm sorry, let me go in and
• 22:30
  Speaker 4: you know what I mean, push you through or whatever
• 22:31
  Speaker 4: the case may be. But if you're not proactive in
• 22:33
  Speaker 4: your own situation, nobody's gonna do it for you.
• 22:36
  Speaker 3: And I think most times.
• 22:38
  Speaker 4: People are used to or I don't know what they
• 22:40
  Speaker 4: used to, because you can't be used to anything if
• 22:41
  Speaker 4: you've never bought a property, so you don't even know
• 22:43
  Speaker 4: the mortgage process.
• 22:44
  Speaker 3: So for you to.
• 22:45
  Speaker 4: Complain about somebody not reaching out to you or following
• 22:47
  Speaker 4: up with you, that's not.
• 22:49
  Speaker 3: Necessarily your job. It's your job to follow up.
• 22:51
  Speaker 4: It's your job to send it in documentation, it's your job
• 22:54
  Speaker 4: to go to the office, like with anything.
• 22:55
  Speaker 3: That's what I learned, Like, man, I have to be
• 22:58
  Speaker 3: the person.
• 22:59
  Speaker 4: That's kind of like, you know, controlling a quarterback of
• 23:01
  Speaker 4: my own situation.
• 23:02
  Speaker 3: Otherwise people it's not important to us.
• 23:05
  Speaker 2: And also it's like like you said, you don't even
• 23:08
  Speaker 2: know if you haven't been through the process. And even
• 23:11
  Speaker 2: on a higher level, So we we're building the homes
• 23:14
  Speaker 2: and you know, these are million dollar houses, and we
• 23:19
  Speaker 2: had to go through a bunch of red tape and
• 23:21
  Speaker 2: send stuff and then the stuff they asked for the
• 23:24
  Speaker 2: stuff that we just sent, and it's like it's a
• 23:26
  Speaker 2: headache and it's a hassle, and it's like, you know,
• 23:29
  Speaker 2: it's not the most efficient buying a home without the
• 23:32
  Speaker 2: most efficient process. Period.
• 23:33
  Speaker 3: I love that you just said that because people don't.
• 23:35
  Speaker 4: People think it's just knacker, like everybody gonna ask you
• 23:38
  Speaker 4: the double send documents, and it's not. This is the
• 23:40
  Speaker 4: mortgage process, this is the home playing process. And y'all
• 23:43
  Speaker 4: don't y'all ain't never bought shit, so you don't know.
• 23:45
  Speaker 4: So you just complaining what you think you should be getting,
• 23:49
  Speaker 4: just entitlement, be beating your ass whole time.
• 23:50
  Speaker 3: Let's just call it what it is, beating.
• 23:52
  Speaker 1: That's what we said. It's one thousand, right, that's the
• 23:54
  Speaker 1: first part even getting a home. But now we, like
• 23:56
  Speaker 1: I said, we're buildings, so now we're deale with permits,
• 23:58
  Speaker 1: and that's a whole other process.
• 24:00
  Speaker 4: You gotta go through inspections and stuff that might not
• 24:02
  Speaker 4: approve certain stuff. It's just like, man, oh the time
• 24:04
  Speaker 4: and a patience thing. And again, no, even in sports,
• 24:08
  Speaker 4: you're when you're dealing with hundreds of thousands, millions of dollars,
• 24:11
  Speaker 4: These things take time.
• 24:13
  Speaker 3: These things take time.
• 24:14
  Speaker 4: And most times when you hear, like I say, about
• 24:17
  Speaker 4: somebody getting offered like a big contract, you hear about
• 24:20
  Speaker 4: them turning the contract down or just not working out
• 24:23
  Speaker 4: or the deal going bad.
• 24:24
  Speaker 3: Like this is business. This is just how business works.
• 24:26
  Speaker 4: Like I said, there are times when you can do
• 24:28
  Speaker 4: everything right and stuff just still won't go your way,
• 24:31
  Speaker 4: like it just and then what do you do? Like
• 24:32
  Speaker 4: you have to get back on the ground. You gotta
• 24:34
  Speaker 4: get back to it. You can't let it discourage you.
• 24:36
  Speaker 4: And a lot of times people get emotional about these things.
• 24:41
  Speaker 4: That's why you hear so much slander because like now
• 24:43
  Speaker 4: you're mad, Oh Nakaa.
• 24:44
  Speaker 3: Did this to you and not Couna did.
• 24:46
  Speaker 4: That's no, you just quit, like you know what I'm saying,
• 24:48
  Speaker 4: You quit the process essentially, because if you would have
• 24:50
  Speaker 4: stayed down, you would have came up. Because that's what
• 24:53
  Speaker 4: I did, and that's what my ex did, and that's
• 24:56
  Speaker 4: what my you know what I mean friends did. Like
• 24:58
  Speaker 4: that's what I've helped so many people this program who listen.
• 25:01
  Speaker 4: But it's this it's a mindset thing, you know what
• 25:03
  Speaker 4: I'm saying. Most people don't have their mindset in order,
• 25:05
  Speaker 4: Like I say, it's entitlement. You feel like you owed something.
• 25:07
  Speaker 4: It's like, nah, man, you got to go earn everything
• 25:09
  Speaker 4: that you need that you got out here, from property
• 25:12
  Speaker 4: to business customers, Like you have to go and earn
• 25:15
  Speaker 4: these things. You have to go and show and prove.
• 25:17
  Speaker 4: You have to like do what you need to do
• 25:19
  Speaker 4: in order to make things happen. And most people operate
• 25:21
  Speaker 4: in the space of instant gratification. And I think the
• 25:24
  Speaker 4: Internet has a lot to do with that because you
• 25:26
  Speaker 4: see people doing so well, and you see people accomplishing things,
• 25:29
  Speaker 4: and you see more of the celebratory moments online. You
• 25:31
  Speaker 4: don't see the hard, behind the scenes grind that it took.
• 25:34
  Speaker 3: You don't see.
• 25:35
  Speaker 4: The offers that I put in and you know what
• 25:38
  Speaker 4: I mean, got turned down or got beat out by
• 25:40
  Speaker 4: cash offers. You didn't see the time we're almost lost
• 25:43
  Speaker 4: ten thousand dollars in earn this money because you know
• 25:45
  Speaker 4: what I mean, the contractors didn't do what they were
• 25:49
  Speaker 4: supposed to do and give me the proper estimates. Just
• 25:51
  Speaker 4: like it's a lot of things behind the scenes that
• 25:53
  Speaker 4: people just don't know. And practicing patience and understanding how
• 25:57
  Speaker 4: this process goes will make your life and just your
• 26:00
  Speaker 4: process way easier when it comes to stuff and just
• 26:03
  Speaker 4: a lot less stressful because it's like, it's not easy.
• 26:05
  Speaker 4: It's a super stressful process, regardless of whether it's Naka
• 26:09
  Speaker 4: Faha conventional. It's a it's a process, man, And I
• 26:12
  Speaker 4: don't think people understand.
• 26:13
  Speaker 1: They gotta be ready for the long run. You said
• 26:14
  Speaker 1: when you spoke to your friend who recommended Knaka to you,
• 26:17
  Speaker 1: that you had ten thousand dollars, and so a lot
• 26:20
  Speaker 1: of times when people here Knaka and they had no
• 26:22
  Speaker 1: doubt payment, they think, oh, you need no money. That's
• 26:24
  Speaker 1: not just like that's like one of these misconceptions like, oh,
• 26:27
  Speaker 1: it's no money down, My credit can be six twenty,
• 26:29
  Speaker 1: but you need you need money to be in a program.
• 26:32
  Speaker 3: I mean any any any mortgage that you're gonna get.
• 26:36
  Speaker 4: You're going to have things you have to pay for, taxes, insurance,
• 26:39
  Speaker 4: like all of those kind of things. In addition to that,
• 26:41
  Speaker 4: Naka wants you to have a specific amount of money
• 26:44
  Speaker 4: saved up. Me I personally try to tell people save
• 26:47
  Speaker 4: about three and a half percent of the loan amount
• 26:49
  Speaker 4: that you're looking for, because that covers your taxes, insurance,
• 26:52
  Speaker 4: and it should cover you know what, I mean the
• 26:55
  Speaker 4: cushion of a few months that they require you to
• 26:57
  Speaker 4: have as well, because what they don't want to happen
• 26:59
  Speaker 4: is for you to be house rich and cash poor
• 27:01
  Speaker 4: because a lot of times what tends to happen to
• 27:04
  Speaker 4: people is they'll, you know, pay their down payment fees.
• 27:07
  Speaker 4: All of those different things you done came out of
• 27:09
  Speaker 4: twenty twenty five thousand dollars or whatever the case. Merk,
• 27:12
  Speaker 4: You've just spent thirty years of your life saving this money.
• 27:15
  Speaker 4: Now you just gave it away. Now you have this house,
• 27:18
  Speaker 4: and when something goes wrong with this house a roof issue,
• 27:21
  Speaker 4: a plumbing issue, you don't you can't fix it. You
• 27:23
  Speaker 4: don't have the money to fix it, and they don't
• 27:25
  Speaker 4: want you to do that. So they set you up
• 27:27
  Speaker 4: to whereas you have money, they set you up to
• 27:30
  Speaker 4: whereas if you go get a multi unit, you got
• 27:32
  Speaker 4: cash flow coming in because they make sure the numbers
• 27:33
  Speaker 4: fall right all of those different things. And this is
• 27:36
  Speaker 4: why I love them, because they protected me throughout the
• 27:38
  Speaker 4: whole process. There were times where contractors tried to do
• 27:41
  Speaker 4: food food shit, they're just different stuff, and that could
• 27:43
  Speaker 4: just like ran interference on all that, Like, nah, we're
• 27:45
  Speaker 4: not going for that at times, like somebody try to
• 27:48
  Speaker 4: sell you a four unit building but the building is
• 27:50
  Speaker 4: on his own for three units in the garden.
• 27:52
  Speaker 3: Unit or the basement unit would be like illegal.
• 27:54
  Speaker 4: But knaka, well, you know they gonna go do their
• 27:56
  Speaker 4: due diligence and you know what I mean, like check
• 27:59
  Speaker 4: you know, city record because and all that make sure
• 28:01
  Speaker 4: all of this stuff is owned and approved correctly, and
• 28:03
  Speaker 4: a lot of times like it don't.
• 28:04
  Speaker 3: And they protect you from all that stuff.
• 28:06
  Speaker 1: Even in your own personal right, Like I was reading that.
• 28:08
  Speaker 1: They'll check your patterns, right, They'll check your rent patterns,
• 28:11
  Speaker 1: they'll check your savings patterns. So it's not like hey,
• 28:14
  Speaker 1: they look at how much you were paying, how much
• 28:16
  Speaker 1: you make, and they'll say, well, that money could be saved.
• 28:19
  Speaker 1: So having that as an important system makes sense, right
• 28:23
  Speaker 1: because it's like you don't want to make sure, like
• 28:24
  Speaker 1: you don't want to have it where I say five hundred,
• 28:27
  Speaker 1: then I saved nothing for three months and I put
• 28:28
  Speaker 1: three thousand. They're watching that to make sure that they can.
• 28:32
  Speaker 4: Making sure you got good good money spend like good
• 28:34
  Speaker 4: money habits like and this is and it's not bad,
• 28:38
  Speaker 4: like you should want to have good money happen. You
• 28:39
  Speaker 4: should appreciate this kind of training, like, Okay, I need
• 28:42
  Speaker 4: this because I've been not disciplined for the longest amount
• 28:44
  Speaker 4: of time and now I have somebody challenging me to
• 28:47
  Speaker 4: do better.
• 28:47
  Speaker 3: Why wouldn't you want that?
• 28:48
  Speaker 2: So they approve you for you come with your information,
• 28:51
  Speaker 2: Da da da. They put it in the system and
• 28:52
  Speaker 2: they say, Okay, you're based off of what we think
• 28:56
  Speaker 2: you can get a two hundred thousand dollars more.
• 28:58
  Speaker 4: If you're going for a single family home, yes, but
• 29:00
  Speaker 4: that's not how it works with multi units. Okay, with
• 29:02
  Speaker 4: multi units, how it works is even with NAKA, so
• 29:06
  Speaker 4: they have limits. So with a single family home, which
• 29:08
  Speaker 4: is these are examples, it depends on what area you're in.
• 29:10
  Speaker 4: They'll give you a max. So let's say a single
• 29:12
  Speaker 4: family home, they might give you a max two hundred
• 29:14
  Speaker 4: thousand two unit. They might give you a max a
• 29:16
  Speaker 4: three fifty three unit. They might give you a max
• 29:18
  Speaker 4: a six hundred on a four unit, they'll give you
• 29:20
  Speaker 4: a max of like nine hundred and nine to fifty
• 29:21
  Speaker 4: or something like that. So for me, I'm like, why
• 29:24
  Speaker 4: not max out and go crazy? If I'm trying to
• 29:26
  Speaker 4: go get me a rental property, I'm gonna get four units.
• 29:29
  Speaker 4: The four units are gonna make sure I have a
• 29:30
  Speaker 4: place to live for free. Is gonna make sure my
• 29:33
  Speaker 4: mortgage is paid on top of steel having some money
• 29:35
  Speaker 4: at the end of the month's cash flow.
• 29:37
  Speaker 3: So I'm gonna do that.
• 29:38
  Speaker 4: On top of that, it's going to allow me to
• 29:39
  Speaker 4: go for a bigger mortgage, which is gonna put me
• 29:42
  Speaker 4: in a nicer neighborhood, you know what I'm saying. In
• 29:45
  Speaker 4: addition to that, if I go find a four unit
• 29:47
  Speaker 4: in a nice neighborhood, that means the rents are gonna
• 29:49
  Speaker 4: be high. You know what I mean, because that's just
• 29:52
  Speaker 4: what it is. When you live in nice neighborhoods, you
• 29:53
  Speaker 4: got higher rents and apartments are nice. So how KNAKA
• 29:57
  Speaker 4: qualifies you or lenders qualify you in general for multi
• 30:00
  Speaker 4: units is totally different than they do for single family homes.
• 30:03
  Speaker 4: A single family home, you're qualified strictly using your income.
• 30:07
  Speaker 4: When it comes to multifamilies, and this is why I
• 30:09
  Speaker 4: tell people, go find you a multifamily that has people
• 30:12
  Speaker 4: living in it already, because what they do is they'll
• 30:14
  Speaker 4: take seventy five percent of the income that the property
• 30:17
  Speaker 4: is generating already added to yours, and that is what
• 30:20
  Speaker 4: makes the property more than affordable. For example, this is
• 30:23
  Speaker 4: what I like to tell people. So let's say you
• 30:25
  Speaker 4: make two thousand dollars a month at your job, right,
• 30:28
  Speaker 4: and the mortgage on this property you're looking at is
• 30:30
  Speaker 4: three thousand dollars. Of course you can afford it. You're
• 30:32
  Speaker 4: a thousand dollars short. But let's say the property that
• 30:34
  Speaker 4: you're looking at also generates four thousand dollars a month
• 30:37
  Speaker 4: in rent. They'll take three thousand dollars of dot add
• 30:41
  Speaker 4: it to your two thousand.
• 30:42
  Speaker 3: Now that's five thousand. Subtract three thousand from that.
• 30:45
  Speaker 4: Now you have two thousand dollars left over at the
• 30:47
  Speaker 4: end of the month, which makes this property way more
• 30:49
  Speaker 4: than affordable. On top of they only use seventy five
• 30:52
  Speaker 4: percent of the rent, they're still twenty five percent. That's
• 30:54
  Speaker 4: still there. You get what I'm saying to you. So like,
• 30:57
  Speaker 4: that's that's how the multi unit math works. And people
• 31:00
  Speaker 4: don't understand that, and they're like.
• 31:01
  Speaker 3: I can't afford a multi unit. It's so expensive. How
• 31:04
  Speaker 3: do you afford a multi unit?
• 31:05
  Speaker 4: And you're making twenty six thousand dollars a year because
• 31:07
  Speaker 4: I understand how multi unit math works. And I went
• 31:09
  Speaker 4: and found me property that had high rents and cash
• 31:12
  Speaker 4: flowing already, and all I have to do is pretty
• 31:14
  Speaker 4: much sign a paperwork and move in.
• 31:17
  Speaker 1: So you found the property yourself. Didn't apply for the program, right,
• 31:20
  Speaker 1: So does it when you apply for it? Does it
• 31:22
  Speaker 1: have to be primary residents? How does that work?
• 31:25
  Speaker 3: Yeah?
• 31:25
  Speaker 4: So you do have to live in a property for
• 31:27
  Speaker 4: the life of the loan, But NAKA has a five
• 31:29
  Speaker 4: year leaning on a property because they're not designed to,
• 31:33
  Speaker 4: you know, create investors. They're designed to balance our neighborhood.
• 31:36
  Speaker 4: So they want you to live in a property and
• 31:38
  Speaker 4: for the first five years you have a twenty five
• 31:40
  Speaker 4: k lian on it. Every year drops off five thousand dollars.
• 31:43
  Speaker 4: So after the fifth year you probably like clean and
• 31:45
  Speaker 4: free to go do whatever you need to do, whether
• 31:47
  Speaker 4: it be refinanced or whatever the case may be. And
• 31:50
  Speaker 4: at this point, my first one, I've been in it
• 31:52
  Speaker 4: for eight years. The second one it's been five years.
• 31:54
  Speaker 4: So now I'm kind of like free and clear to
• 31:55
  Speaker 4: knackoling and I can kind of go move around how
• 31:57
  Speaker 4: I want to. But it's just like I'm set up
• 32:01
  Speaker 4: to the point where now I can pull equity out
• 32:03
  Speaker 4: of my properties. NAKA set me up to the point
• 32:05
  Speaker 4: in the beginning on my first deal, we didn't even
• 32:10
  Speaker 4: talk about this yet, but my first deal was immaculate.
• 32:13
  Speaker 4: I got a four unit property I moved in, so
• 32:16
  Speaker 4: I lived for free. All three units you know what
• 32:19
  Speaker 4: I mean, were paying rent already. I didn't put any
• 32:23
  Speaker 4: money down. I walked away from the closing table with
• 32:25
  Speaker 4: a five thousand dollars check. That same day I got
• 32:28
  Speaker 4: paid from my job. In addition to I kept all
• 32:31
  Speaker 4: of my money because I was going through the process
• 32:33
  Speaker 4: and they required me to keep saving, so that ten
• 32:35
  Speaker 4: thousand turned into fifteen thousand. So I went from making
• 32:38
  Speaker 4: about twenty six thousand dollars a year at my job
• 32:41
  Speaker 4: to having twenty six thousand dollars in cash in my
• 32:44
  Speaker 4: account after my first deal, which allowed me to go
• 32:47
  Speaker 4: start investing in the stock market, you know what I mean,
• 32:49
  Speaker 4: doing more deals, traveling network and building business, meeting guys
• 32:53
  Speaker 4: like y'all.
• 32:54
  Speaker 3: And that just came from that first deal.
• 32:56
  Speaker 4: And this is why I try to encourage people to
• 32:58
  Speaker 4: go through NACA, because they set you up so beautifully.
• 33:01
  Speaker 4: After the deal, it's like, damn, I still got all
• 33:03
  Speaker 4: this money left the average person they out of what
• 33:05
  Speaker 4: ten fifteen, twenty thousand dollars on the deal with faha,
• 33:09
  Speaker 4: you know what I'm saying, Like, it's not that with NAKA. Yeah,
• 33:11
  Speaker 4: I had to spend Actually I didn't spend nothing, but
• 33:13
  Speaker 4: you may have to spend a little money, like I said,
• 33:14
  Speaker 4: your taxes, insurance and little stuff like that. But man,
• 33:17
  Speaker 4: it's nowhere near the same as what a convention to
• 33:19
  Speaker 4: a FHA.
• 33:19
  Speaker 2: Long, so let me ask you this. Okay, a few things.
• 33:22
  Speaker 2: You was making twenty six thousand dollars a year when
• 33:24
  Speaker 2: you first got the house after taxis yep, okay, so
• 33:28
  Speaker 2: knaka all right. So some people are going to say, like,
• 33:31
  Speaker 2: what's the catch here, right, because it's like, okay, you
• 33:33
  Speaker 2: can make whatever you your credit score. You don't have
• 33:38
  Speaker 2: to have good credit.
• 33:40
  Speaker 4: But you do so you don't have to have good credit,
• 33:41
  Speaker 4: but your DTI has to be good, your debt income
• 33:44
  Speaker 4: has to be good, and you can't have like collections,
• 33:46
  Speaker 4: you know, you can't like no T mobile BI or
• 33:48
  Speaker 4: none of that kind of stuff.
• 33:48
  Speaker 2: They look at your they look at your credit profile,
• 33:51
  Speaker 2: not just for exactly Okay, Okay, that's good to know
• 33:55
  Speaker 2: and there's no money down down right, So how how
• 34:00
  Speaker 2: are you preventing people from putting themselves in situations where
• 34:03
  Speaker 2: they just gonna set themselves up for failure teaching? You
• 34:06
  Speaker 2: know what I'm saying, naka Like how like that's why
• 34:08
  Speaker 2: they're structuring, like you have to have this amount, so
• 34:11
  Speaker 2: they make.
• 34:11
  Speaker 4: Sure they make sure you got that cushion saved, so
• 34:14
  Speaker 4: when you start off, you've got a nice chunk of
• 34:16
  Speaker 4: money to handle whatever it is that you need to
• 34:17
  Speaker 4: handle any issues that may come up.
• 34:19
  Speaker 1: Et cetera.
• 34:20
  Speaker 4: They also require you to take a landlord class before
• 34:22
  Speaker 4: you're going to buy a multi unit too, so you
• 34:24
  Speaker 4: can understand like the rules. Absolutely they make you go
• 34:27
  Speaker 4: take that class so you can understand the rules, the laws,
• 34:29
  Speaker 4: and the regulations your particular area and stuff like that,
• 34:32
  Speaker 4: so you're not doing nothing illegal, like you know, discrimination,
• 34:34
  Speaker 4: just any of that kind of stuff.
• 34:35
  Speaker 1: So when you're trying to do the saving right, So,
• 34:37
  Speaker 1: like what he said, if you got the twenty sixersand
• 34:38
  Speaker 1: and they're seeing your saving pattern, they're seeing your rep pattern.
• 34:42
  Speaker 1: Let's say that you're late on rent one month. You cooked,
• 34:45
  Speaker 1: so now you gotta if you head it toward the
• 34:47
  Speaker 1: front of the line. Now you're going to the back
• 34:49
  Speaker 1: of the line.
• 34:49
  Speaker 3: So how long is that?
• 34:51
  Speaker 1: That's the how long is the process that they're looking
• 34:53
  Speaker 1: over a six month span, nine month span, a year.
• 34:55
  Speaker 4: So they look at your rent payments over a year.
• 34:58
  Speaker 4: You know, they gonna get that infan from your landlord
• 35:01
  Speaker 4: or whatever the case may be, or whatever you if
• 35:02
  Speaker 4: you live with your parents, they'll get that from them.
• 35:05
  Speaker 3: But yeah, man, they do it for about a year
• 35:07
  Speaker 3: and they go back and check that information.
• 35:09
  Speaker 2: So you so all right, you bring the property to Naka.
• 35:13
  Speaker 3: No.
• 35:14
  Speaker 4: So when I went to Naka, I had a it's
• 35:16
  Speaker 4: it's the same process with everybody else.
• 35:18
  Speaker 3: I went and got me an agent. We went out.
• 35:20
  Speaker 3: I got approved agent Knacker No. I'll use it the
• 35:23
  Speaker 3: agent outside.
• 35:26
  Speaker 4: But Naka does have agents who like kind of like
• 35:28
  Speaker 4: know their process, so it's a little bit faster when
• 35:30
  Speaker 4: you have one of their agents. But I just had
• 35:33
  Speaker 4: my agent, you know, registered through the KNACKA and learn
• 35:35
  Speaker 4: whatever their process was. Because again, their staff is overworked.
• 35:41
  Speaker 4: Like I say, you got a lot of people going
• 35:43
  Speaker 4: through the program. So I didn't necessarily want to go
• 35:45
  Speaker 4: with an agent who I wouldn't be a priority with.
• 35:48
  Speaker 4: You know what, I'm saying, so I went and found
• 35:50
  Speaker 4: my own agent who made me a priority and we
• 35:51
  Speaker 4: made it happen.
• 35:52
  Speaker 1: Your own agent through the knacka program that had knowledge
• 35:56
  Speaker 1: of the So Knacker approves you for the mortgage and
• 36:01
  Speaker 1: then you you bring the property to them.
• 36:04
  Speaker 2: Yeah, is there ever? I've heard people pass it, Like
• 36:07
  Speaker 2: some sellers they don't want to sell to Knack of people.
• 36:12
  Speaker 4: So I think that's I think that's all about communication.
• 36:15
  Speaker 4: Every time my agent went in, he would let people
• 36:17
  Speaker 4: know like, hey, look, my guy's going through a program
• 36:20
  Speaker 4: called a Knacker program. They got this, this, this and this,
• 36:22
  Speaker 4: this is this. He's the first time home buyer. Is
• 36:24
  Speaker 4: great for them, and NAKA also has some benefits for
• 36:27
  Speaker 4: the seller as well.
• 36:28
  Speaker 3: They pay like the seller's title fees.
• 36:30
  Speaker 4: Like it's a couple of things that's beneficial for the
• 36:32
  Speaker 4: seller too, to make the seller want to like possibly
• 36:35
  Speaker 4: like you know what I mean, jump at that and
• 36:36
  Speaker 4: then too, like you just got to have a you know,
• 36:38
  Speaker 4: an agent that know how to work and for next deals.
• 36:41
  Speaker 4: Like my agent, he used the emotion card and everything.
• 36:43
  Speaker 3: He's like, listen, my guy, he's from this neighborhood, he
• 36:46
  Speaker 3: has kids. They love the area. They want to still
• 36:48
  Speaker 3: go to the schools all of that.
• 36:50
  Speaker 4: So, like when you have somebody who like been owning
• 36:53
  Speaker 4: their property for a long time and they care about it,
• 36:55
  Speaker 4: they don't want to just sell it to an investor
• 36:57
  Speaker 4: who going to come tear it down.
• 36:58
  Speaker 3: They actually want somebody.
• 36:59
  Speaker 4: So you gotta have like people on your team who
• 37:02
  Speaker 4: are savvy and witty and know how to like, you know, communication.
• 37:04
  Speaker 2: Well, I'm like today because that's something that not just
• 37:06
  Speaker 2: in real estate, but any part of business. There's still
• 37:10
  Speaker 2: an element, like I know, AI is taking over everything,
• 37:12
  Speaker 2: but there's still an element of human interaction absolutely, so
• 37:16
  Speaker 2: I know could turn into a yes if explained correctly,
• 37:20
  Speaker 2: if you bring somebody lunch. This is just this is
• 37:24
  Speaker 2: part of any type of business. Right.
• 37:25
  Speaker 4: Both of my deals worked out like that. On the
• 37:27
  Speaker 4: first one it was the emotion car. On a second
• 37:29
  Speaker 4: it was cause we were black. It was a Puerto
• 37:31
  Speaker 4: Rican guy in a Puerto Rican neighborhood. He said, too
• 37:33
  Speaker 4: many white people was coming in and trying to low
• 37:35
  Speaker 4: ball him. He was a developer, he knew his area,
• 37:37
  Speaker 4: he knew what was going on, but he ain't looked
• 37:39
  Speaker 4: like a rich god though, so they would try to
• 37:40
  Speaker 4: play with him.
• 37:41
  Speaker 3: Man we came in.
• 37:42
  Speaker 4: He was like, I will give y'all whatever y'all need
• 37:44
  Speaker 4: to close this deal. He gave us forty thousand dollars
• 37:46
  Speaker 4: in clothes and credits. You know what I'm saying, Like,
• 37:48
  Speaker 4: just like really looked out for us because representation mattered
• 37:52
  Speaker 4: to him.
• 37:52
  Speaker 3: He was like, they're already gentrifying this neighborhood.
• 37:54
  Speaker 4: It went from a Puerto Rican neighborhood, so now it's
• 37:56
  Speaker 4: mainly white and now I got two brown young people
• 37:59
  Speaker 4: trying to move in.
• 38:00
  Speaker 3: Hey, oh yeah, let's do the deal.
• 38:01
  Speaker 1: You know what I mean?
• 38:01
  Speaker 4: A lot of times certain things can plan your favor. Again,
• 38:04
  Speaker 4: it's all God's timing, man like. And for me, I
• 38:07
  Speaker 4: knew that Naka was the best thing for me in
• 38:10
  Speaker 4: my particular situation. I'm like, where else am I going
• 38:12
  Speaker 4: to be able to go and take advantage of properties
• 38:16
  Speaker 4: in these amazing neighborhoods.
• 38:17
  Speaker 3: With these low.
• 38:18
  Speaker 4: Cost of entry numbers, Like you know what I'm saying,
• 38:21
  Speaker 4: Like it just it was just a no brainer for me, man,
• 38:23
  Speaker 4: And again it changed my life.
• 38:25
  Speaker 1: You said at the end of the closing, you got
• 38:28
  Speaker 1: money back, And I've heard stories of people when they
• 38:30
  Speaker 1: use Knacker, they get money back can you break down
• 38:32
  Speaker 1: here that words, because I know there's no closing costs
• 38:34
  Speaker 1: to be for you, so how do you get money?
• 38:35
  Speaker 4: So what happened was, again an excellent agent worked out
• 38:39
  Speaker 4: a fifteen dollar I mean a fifteen thousand dollars closing credit.
• 38:43
  Speaker 4: Ten grand was used to buy my interest rate down.
• 38:46
  Speaker 4: Five grand just ended up up in the air. Where
• 38:48
  Speaker 4: would it go to the buyer? It's just money. They
• 38:50
  Speaker 4: gave it to them, you know what I mean. Naadn't
• 38:52
  Speaker 4: allow you to walk away with cash no more. So
• 38:54
  Speaker 4: what they would probably do now is apply it to
• 38:55
  Speaker 4: the principle as opposed to buying the interest down. But
• 38:58
  Speaker 4: in that particular deal, it worked out for me, So
• 39:00
  Speaker 4: I walked tarns.
• 39:00
  Speaker 3: What's going on?
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• 42:06
  Speaker 7: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 42:09
  Speaker 7: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 42:14
  Speaker 7: crossings are at the lowest levels ever recorded, and over
• 42:18
  Speaker 7: one hundred thousand illegal aliens have been arrested. If you
• 42:21
  Speaker 7: are here illegally, your next you will be fine nearly
• 42:25
  Speaker 7: one thousand dollars a day, imprisoned and deported, you will
• 42:29
  Speaker 7: never return. But if you register using our CBP home
• 42:33
  Speaker 7: app and leave now, you could be allowed to return legally.
• 42:36
  Speaker 7: Do what's right. Leave now. Under President Trump America's laws,
• 42:41
  Speaker 7: border and families will be protected.
• 42:44
  Speaker 1: Sponsored by the United States Department of Homeland.
• 42:46
  Speaker 3: Security with the five thousand dollars check security deposit's.
• 42:48
  Speaker 4: Like I just had a bag of cash that I
• 42:51
  Speaker 4: just had never seen before all at one time after
• 42:53
  Speaker 4: that first deal public and it allowed me. Like I said,
• 42:56
  Speaker 4: after that, I have been reading Money Master, the game
• 42:59
  Speaker 4: all at I went and took most of the money,
• 43:01
  Speaker 4: put it in Vanguard index funds. All of that kind
• 43:03
  Speaker 4: of stuff. I went and bought me a jag and
• 43:04
  Speaker 4: took a vacation got the jaz.
• 43:06
  Speaker 5: Yeah, we definitely got me jaz immediately immediately thereafter.
• 43:15
  Speaker 1: We know.
• 43:16
  Speaker 2: Okay, so all that, how long did that take for
• 43:20
  Speaker 2: you to start the program to get you first?
• 43:22
  Speaker 3: My first deal was six months.
• 43:23
  Speaker 5: Man.
• 43:24
  Speaker 3: People think it's like it's this long process.
• 43:26
  Speaker 4: So the first deal was six months from the time
• 43:29
  Speaker 4: I met with my mortgage counselor to the time I closed.
• 43:31
  Speaker 4: I met with my mortgage counselor in December because I
• 43:33
  Speaker 4: went to the meeting in October and I just wanted
• 43:35
  Speaker 4: to give myself a couple of months, just like I said,
• 43:37
  Speaker 4: to kind of like get some things in order before
• 43:38
  Speaker 4: I went and met with a mortgage counselor. From October
• 43:41
  Speaker 4: to December, I kind of got some things in order,
• 43:43
  Speaker 4: credit all that kind of stuff, pulled the documents that
• 43:45
  Speaker 4: I needed.
• 43:45
  Speaker 3: When I met with him, he told me everything I needed.
• 43:48
  Speaker 4: And he was the person that gave me to play
• 43:49
  Speaker 4: and told me to bring my girl back because he's like,
• 43:52
  Speaker 4: y'all not married or nothing.
• 43:53
  Speaker 3: No, y'all.
• 43:54
  Speaker 4: I was like, no, He's like, look this to play.
• 43:56
  Speaker 4: I see what you're trying to do. I like your style,
• 43:58
  Speaker 4: Like you know what I'm saying, Like, just you a
• 43:59
  Speaker 4: cool He's like, you seem like you about your money.
• 44:02
  Speaker 4: He's like, so this is what you do. You go
• 44:04
  Speaker 4: get you one, then you bring her back and y'all
• 44:06
  Speaker 4: get another one.
• 44:08
  Speaker 2: I want to talk about that because that's dividing conquer strategy.
• 44:10
  Speaker 2: Julian Gordon has spoken about this MG the mortgage Guy,
• 44:15
  Speaker 2: where if you're not married, it's actually beneficial. A lot
• 44:20
  Speaker 2: of times people will be like, all right, well I'm
• 44:22
  Speaker 2: not buying a home until we get married. Crazy, which so,
• 44:32
  Speaker 2: but there's actually benefits in place for buying a home
• 44:37
  Speaker 2: not being married, absolutely, because you can buy you each
• 44:40
  Speaker 2: can own a home individually, and then you can always
• 44:44
  Speaker 2: buy a home together when you're married. So the dividing
• 44:48
  Speaker 2: conquer strategy is something that people have talked about. So
• 44:51
  Speaker 2: explain this because another thing that people can say is like,
• 44:57
  Speaker 2: well I don't want to buy a home with somebody
• 44:59
  Speaker 2: then we break up, but you actually went through a.
• 45:00
  Speaker 3: Breakoup, yeah, so I've been through it.
• 45:03
  Speaker 2: Explain Explain this that the second the second play.
• 45:06
  Speaker 4: Okay, so the second play again, we took her back
• 45:08
  Speaker 4: or whatever the case. Your girlfriend at the top it's
• 45:10
  Speaker 4: my girl at the time, we took her back, and
• 45:11
  Speaker 4: by me knowing the program, I'm like, yo, I can
• 45:14
  Speaker 4: go big. So I'm looking at Chicago's biggest and best neighborhoods.
• 45:17
  Speaker 4: I know the maximum on four unions. I know I
• 45:18
  Speaker 4: can go up to nine hundred and fifty thousand dollars
• 45:20
  Speaker 4: all this, So I'm like, oh shit, We're going to
• 45:22
  Speaker 4: the North Side, Lincoln Park, Bucktown, Worker Park. These are
• 45:25
  Speaker 4: areas that you know what I mean, young, You know
• 45:26
  Speaker 4: what I mean. People who are making one two hundred thousand, Now,
• 45:29
  Speaker 4: these are the areas they moving in. They're not married,
• 45:31
  Speaker 4: but everything within walking distance, buses, trains, like you know
• 45:34
  Speaker 4: what I mean. It's a popping, gentrifying area in Chicago.
• 45:37
  Speaker 4: And I'm like, that's what we're going. So we go
• 45:39
  Speaker 4: up there and this process takes a year because we
• 45:43
  Speaker 4: just could not get deals like you know what I mean,
• 45:45
  Speaker 4: Like it just wasn't working out for us. But again,
• 45:48
  Speaker 4: at the end of y'all will understand why I'm not
• 45:49
  Speaker 4: working out, because God's timing is the best timing. We
• 45:53
  Speaker 4: went through probably four or five different deals where we
• 45:55
  Speaker 4: just got turned down. No, almost lost ten thousand dollars
• 45:58
  Speaker 4: in earnest money, just like went through the ringer with
• 46:02
  Speaker 4: this second one. But then we finally went to see
• 46:05
  Speaker 4: a property, and this property was amazing because it's almost
• 46:10
  Speaker 4: like a two for one. Y'all call them eighty us
• 46:12
  Speaker 4: out here. We call them coach houses in Chicago. But
• 46:15
  Speaker 4: this particular property, it had a three unit building in
• 46:17
  Speaker 4: the front of the lot and in the back of
• 46:19
  Speaker 4: the lot there's a coach house.
• 46:21
  Speaker 3: And this ain't no regular coach house.
• 46:23
  Speaker 4: This house has twelve foot call for ceilings, floating stairs,
• 46:27
  Speaker 4: just cherrywool oak floors. The guy who built the property
• 46:31
  Speaker 4: was a developer and he stayed there with his family
• 46:33
  Speaker 4: while collecting rent from the building in front. So essentially
• 46:36
  Speaker 4: this is a two for one. And like I said,
• 46:38
  Speaker 4: it's not a small property. I do peer space in
• 46:40
  Speaker 4: this thing. Make a ton of money in it right
• 46:42
  Speaker 4: now with her still living in it. So that deal
• 46:45
  Speaker 4: went like all right. We went to this guy walked
• 46:48
  Speaker 4: the property, like, yo, the property is amazing. He told us, Look,
• 46:50
  Speaker 4: the three units in the front, they all generating between
• 46:53
  Speaker 4: sixteen and eighteen hundred dollars a month. I'm like, yes,
• 46:56
  Speaker 4: cause I knew what numbers I needed. And then I
• 47:00
  Speaker 4: told my mortgage counselor about it. He's like, bro, the
• 47:02
  Speaker 4: only way you're gonna be able to afford this, He's like,
• 47:04
  Speaker 4: y'all gonna need about eighty thousand dollars.
• 47:07
  Speaker 3: And I'm like, he like, you got that. I'm like,
• 47:11
  Speaker 3: not quite.
• 47:12
  Speaker 4: But mind you, I had took like out of the
• 47:16
  Speaker 4: twenty six thousand, I had put like twenty of that
• 47:18
  Speaker 4: into the stock market. And this is right when Trump
• 47:20
  Speaker 4: had got in office, so that twenty had turned into
• 47:23
  Speaker 4: like twenty nine to thirty, you know what I'm saying.
• 47:25
  Speaker 4: I realized that, like, yo, I still got money in
• 47:27
  Speaker 4: the stock market.
• 47:28
  Speaker 2: She had some bread.
• 47:29
  Speaker 4: And then the rest we had to get from a
• 47:31
  Speaker 4: seller's you know what I mean, concession, which again I
• 47:34
  Speaker 4: told you all, he was willing to give us whatever
• 47:36
  Speaker 4: we needed because he wanted to sell it to a
• 47:38
  Speaker 4: minority couple as opposed to you know what I mean,
• 47:40
  Speaker 4: anybody white or an investor.
• 47:42
  Speaker 3: And that worked out in our favor.
• 47:43
  Speaker 4: So with that deal, we were able to buy an
• 47:46
  Speaker 4: interest rate down from three and a half percent to
• 47:49
  Speaker 4: zero point.
• 47:49
  Speaker 3: Eight percent your interest, yes.
• 47:51
  Speaker 4: Which made the mortgage go from thirty nine hundred dollars
• 47:56
  Speaker 4: to twenty seven hundred dollars.
• 47:58
  Speaker 2: How'd you get the interest rate?
• 47:59
  Speaker 1: Now?
• 48:00
  Speaker 3: I not gonn allow you to buy the interest rate down?
• 48:01
  Speaker 4: He gave us forty thousand dollars and we use some
• 48:04
  Speaker 4: of our own but buy the.
• 48:05
  Speaker 2: Interest rate then?
• 48:07
  Speaker 1: How low? I mean the point, how low can you go?
• 48:09
  Speaker 3: Right?
• 48:11
  Speaker 1: Great?
• 48:11
  Speaker 3: So at this point they don't even let people go
• 48:13
  Speaker 3: there low anymore.
• 48:14
  Speaker 4: Essentially broke the bank, like they changed the rules, like
• 48:16
  Speaker 4: you can't buy your interest rate.
• 48:17
  Speaker 3: Below one percent anymore. Like it's for need throw to buy.
• 48:20
  Speaker 2: An interest rate, you just you put a lump sum
• 48:21
  Speaker 2: of money up front here.
• 48:24
  Speaker 4: So essentially I gave them was about seventy five eighty
• 48:27
  Speaker 4: thousand dollars to save four hundred thousand dollars an interest
• 48:30
  Speaker 4: on the back end. So it's like I gave y'all
• 48:32
  Speaker 4: eighty bands to save four hundred just extra money that
• 48:35
  Speaker 4: I would have been paying. In addition to that, it
• 48:37
  Speaker 4: gave me twelve hundred dollars extra you know what I mean,
• 48:40
  Speaker 4: savings on the mortgage. So that made it way more
• 48:43
  Speaker 4: than affordable because, like I said, we now have a
• 48:44
  Speaker 4: twenty seven hundred dollars mortgage with.
• 48:47
  Speaker 3: Rents of five thousand dollars.
• 48:49
  Speaker 4: Now my network then jumped up to one and a
• 48:51
  Speaker 4: half million dollars in real estate through the knack of program.
• 48:54
  Speaker 3: It's built relationships.
• 48:57
  Speaker 4: I have a brand, I have a book, I travel,
• 49:00
  Speaker 4: I do public speaking. I'm here talking to the biggest
• 49:02
  Speaker 4: and the best. Also true all because of that first
• 49:07
  Speaker 4: deal with the Knacker program. My relationships have grown to
• 49:09
  Speaker 4: the point where I'm able to learn from other people
• 49:11
  Speaker 4: in my industry because they're attracted to me because of
• 49:14
  Speaker 4: how I did my deals. Like I have investors who
• 49:16
  Speaker 4: are worth fifteen twenty thirty million. I go to Bigger
• 49:19
  Speaker 4: Pockets conference and things like that. They're like a zero
• 49:22
  Speaker 4: point eight percent interest rate. These are the biggest real
• 49:24
  Speaker 4: estate investors in the world. We're talking about here that
• 49:27
  Speaker 4: you know what I'm saying, And they like, how did
• 49:29
  Speaker 4: you get a zero point eight how did you get
• 49:30
  Speaker 4: a twenty a half percent? Like no money down. I've
• 49:33
  Speaker 4: never heard of this program, And you would think people.
• 49:36
  Speaker 2: Know about this, and they don't Knacker for anybody or
• 49:40
  Speaker 2: you have to anybody lower income.
• 49:42
  Speaker 4: So it's it's it's designed for lower income people, but
• 49:46
  Speaker 4: you can do Knacker as a high income earner too.
• 49:48
  Speaker 4: They'll just consider you what's called a non priority member,
• 49:50
  Speaker 4: to whereas your interest rate will be a little bit
• 49:52
  Speaker 4: higher than the priority members, but it's still going to
• 49:54
  Speaker 4: be below the national average. And you can't buy in
• 49:58
  Speaker 4: a neighborhood that the median income is higher than your
• 50:02
  Speaker 4: media income.
• 50:03
  Speaker 3: It has to be equal to or less than your
• 50:04
  Speaker 3: media luxury.
• 50:06
  Speaker 4: Yeah, So for example, if you make two hundred and
• 50:09
  Speaker 4: fifty thousand dollars, you will probably have to buy a
• 50:12
  Speaker 4: neighborhood where the median income is one hundred thousand, one
• 50:15
  Speaker 4: hundred and fifty meters. I was making twenty six I
• 50:17
  Speaker 4: can go buying a million dollar neighborhood. Because their goal
• 50:20
  Speaker 4: is to balance out neighborhoods. NAKA doesn't want good or
• 50:22
  Speaker 4: bad neighborhoods. They want it to be all neighborhoods are equal.
• 50:25
  Speaker 4: The median income across all these neighborhoods are the same,
• 50:28
  Speaker 4: and that's how you create balance by putting people who
• 50:30
  Speaker 4: make thirty thousand in this neighborhood and people who make
• 50:32
  Speaker 4: two hundred thousand in this neighborhood, and it just kind
• 50:35
  Speaker 4: of like levels everything out so that way you don't
• 50:37
  Speaker 4: have red lining and things like that.
• 50:39
  Speaker 1: Can the high income earner. Can they buy down the
• 50:42
  Speaker 1: industry as well? How low can we go?
• 50:44
  Speaker 2: I think about one percent at this point one percent.
• 50:48
  Speaker 2: What's some of the mistakes that people make with KNAK.
• 50:51
  Speaker 2: I think the biggest mistake is probably just trying to
• 50:53
  Speaker 2: get a faint single family as opposed to multi family.
• 50:56
  Speaker 3: That's one. That's one and then two.
• 50:59
  Speaker 4: Feeling like it's gonna be easy because you hear me
• 51:02
  Speaker 4: talk about you no down payment, no closing costs, like yeah,
• 51:05
  Speaker 4: it's your lick, but it's just like it's still going
• 51:06
  Speaker 4: to be a process, like yeah, this is gonna be
• 51:09
  Speaker 4: your move, this is your blessing right here. When you
• 51:10
  Speaker 4: hear me talk that, get excited, but know that it's
• 51:14
  Speaker 4: not going to be easy just because you heard all
• 51:16
  Speaker 4: these benefits in the thirty second clip. Make sure you
• 51:19
  Speaker 4: go do your own due diligence. Make sure you go
• 51:21
  Speaker 4: watch the full interview. When I tell you about how
• 51:22
  Speaker 4: I almost lost ten thousand dollars. When I tell you
• 51:25
  Speaker 4: about they may slow drag when I tell you about
• 51:27
  Speaker 4: they may not pick up the phone, Like when I
• 51:29
  Speaker 4: tell you may have to pull up to the office,
• 51:31
  Speaker 4: knock some shit off the.
• 51:32
  Speaker 3: Desk, yell at Some people let them know you serious, Like,
• 51:34
  Speaker 3: don't skip that part. You know what I'm saying, Like,
• 51:37
  Speaker 3: don't skip that part?
• 51:39
  Speaker 1: Is there? I guess a database to show you because
• 51:43
  Speaker 1: obviously you know what the knack of offices where you live.
• 51:46
  Speaker 1: But if I'm living in a different state because a
• 51:49
  Speaker 1: website that fines like whether, well.
• 51:53
  Speaker 2: All right, let's talk about the landlord side of it.
• 51:55
  Speaker 2: What did you learn? What have you learned as far
• 51:58
  Speaker 2: as being a landlord?
• 51:59
  Speaker 3: Patience man, just understand one.
• 52:02
  Speaker 4: So during the pandemic, So the Puerto Rican who sold
• 52:05
  Speaker 4: us the second property right, his brother was in the
• 52:08
  Speaker 4: garden unit of the building.
• 52:09
  Speaker 3: He was just doing his brother a favor.
• 52:11
  Speaker 4: And at the time, we couldn't have his brother move
• 52:14
  Speaker 4: because we needed the income to qualify for the property.
• 52:18
  Speaker 4: So as bad as I wanted him to move, I
• 52:19
  Speaker 4: couldn't put him out, you know what I mean. And
• 52:22
  Speaker 4: his brother ended up extending his lease out for a year,
• 52:26
  Speaker 4: which guaranteed he stayed there. It was a small, one
• 52:30
  Speaker 4: bedroom apartment. Man, this dude had a big rock whiler
• 52:32
  Speaker 4: in there, just like you know, just a single junkie guy,
• 52:36
  Speaker 4: like no women in his life, just like you know.
• 52:37
  Speaker 3: It was just all bad and man, terrible, terrible, terrible.
• 52:42
  Speaker 4: Cigarettes like you know, just like gunk all over the stove,
• 52:46
  Speaker 4: and it just it was just bad.
• 52:48
  Speaker 3: It was just bad.
• 52:49
  Speaker 2: And I know I know the guy. I don't know him,
• 52:51
  Speaker 2: but I know, yeah.
• 52:58
  Speaker 3: All he took dog like you know what I'm saying,
• 53:02
  Speaker 3: you tripping.
• 53:03
  Speaker 4: So he tried to, you know, pull the whole pandemic
• 53:06
  Speaker 4: move where he aires the pandemic.
• 53:08
  Speaker 3: I ain't got to pay, right, he tried to run
• 53:11
  Speaker 3: a pandemic player listen, so listen. Everybody else wants. So
• 53:16
  Speaker 3: it's the thing.
• 53:16
  Speaker 4: Everybody else paid me throughout the pandemic. I never had
• 53:19
  Speaker 4: an issue. Everybody paid except for him. Mind you, he
• 53:22
  Speaker 4: was a mover. I'm hearing this dude's truck start up
• 53:25
  Speaker 4: every morning and go to work and move people.
• 53:27
  Speaker 3: Right, But he acting like he ain't got no money.
• 53:29
  Speaker 4: So I'm like, bro, all right, cool like and then
• 53:33
  Speaker 4: God always look out for me, bro, like always, like,
• 53:36
  Speaker 4: I just feel like I'm one of God's favorites. Man,
• 53:38
  Speaker 4: two weeks after he starts trying to pull that shit,
• 53:40
  Speaker 4: his apartment starts flooding.
• 53:42
  Speaker 3: I'm not getting that shit fixed, bro, I'm not getting
• 53:45
  Speaker 3: that shit fixed.
• 53:46
  Speaker 4: And in that frame of the month. Man it rained
• 53:49
  Speaker 4: about seven times, about seven times. So mind you he's
• 53:54
  Speaker 4: walking around and.
• 53:55
  Speaker 3: Poop water dog here, his dog is wet. His dog
• 53:58
  Speaker 3: here is so poopwater is just.
• 54:00
  Speaker 4: Man, he ran out of that place, like when I
• 54:03
  Speaker 4: tell y'all, he ran out of he he couldn't get
• 54:05
  Speaker 4: out of there fast enough. So I didn't even have
• 54:06
  Speaker 4: to put him out. I didn't have to e victim.
• 54:08
  Speaker 4: The flood got him out. And I just refused to
• 54:10
  Speaker 4: get it fixed because he was just like, man, you're
• 54:11
  Speaker 4: gonna keep it on, letting it flop, like you're gonna
• 54:12
  Speaker 4: pay me a rent? Like what are you talking about,
• 54:15
  Speaker 4: like even exchange, no rent money, no fix.
• 54:18
  Speaker 2: But could he could he have made because I know,
• 54:20
  Speaker 2: like these tenants have a lot of laws in place.
• 54:23
  Speaker 3: In Chicago, they definitely do, because like.
• 54:25
  Speaker 2: In New York, you don't even have to pay rent
• 54:27
  Speaker 2: for like a year, maybe sometimes even longer, and you
• 54:31
  Speaker 2: still the landlord still has to do whatever you tell
• 54:36
  Speaker 2: him to do.
• 54:36
  Speaker 3: That's crazy.
• 54:37
  Speaker 2: But like Georgia is a landlord of friendly states, so
• 54:39
  Speaker 2: you can evict somebody in like seven days.
• 54:42
  Speaker 3: I wish we could do that in Chicago. But blessed enough,
• 54:44
  Speaker 3: like I haven't had to.
• 54:45
  Speaker 4: And even with him, it just took two weeks for
• 54:47
  Speaker 4: him to go because the rain, Like I said, bro,
• 54:49
  Speaker 4: like just imagine waking up in the middle of the
• 54:51
  Speaker 4: night and shit water and pee and just like and
• 54:54
  Speaker 4: then you're like your dog, like your dog laying in this.
• 55:00
  Speaker 1: But on the other hand, when he leaves, now now
• 55:02
  Speaker 1: I have to clean up. Now you have to so
• 55:04
  Speaker 1: like having reserves, talk about that money to repair it.
• 55:08
  Speaker 4: Said, listen, that's that's the bare minimum as far as
• 55:10
  Speaker 4: my reserves, y'all. I had a thirty thousand dollars plumber
• 55:13
  Speaker 4: issue that beat my ass, like like so that that flooding.
• 55:17
  Speaker 1: H did you know prior to the flood The.
• 55:20
  Speaker 4: Flooding is what let me know that she's gonna cost
• 55:22
  Speaker 4: thirty thousand dollars to fix.
• 55:24
  Speaker 2: Talk about that. So I saw you talk about that before.
• 55:27
  Speaker 3: On ran to gyms.
• 55:28
  Speaker 4: So that happened, and I'm just like, I'm trying to
• 55:33
  Speaker 4: patch this thing up for like a year, you know
• 55:35
  Speaker 4: what I'm saying.
• 55:35
  Speaker 3: They went on.
• 55:36
  Speaker 4: I'm trying to Like I had the plumbers coming out
• 55:37
  Speaker 4: here like all right, cool, we can do this. This
• 55:39
  Speaker 4: is a short job we can do to kind of
• 55:40
  Speaker 4: like fix it. But then it kept on happening, and Uh,
• 55:43
  Speaker 4: the plumber came out. He's like, Bro, I got some
• 55:45
  Speaker 4: bad news for you. He's like, the only way we
• 55:47
  Speaker 4: can do this, we got to dig under the ground.
• 55:50
  Speaker 3: We gotta get to the pipe. Now only do we
• 55:52
  Speaker 3: gotta dig under.
• 55:53
  Speaker 4: The ground, Like we have to go get a like
• 55:55
  Speaker 4: an excavation machine.
• 55:57
  Speaker 3: Like and you like you pay for that.
• 55:59
  Speaker 4: They don't pay for that, Like so now you're renting
• 56:01
  Speaker 4: excavation machines. You're renting you're paying the person to operate
• 56:05
  Speaker 4: the excavation machine. Now they have to dig down ten
• 56:07
  Speaker 4: feet under the concrete, dirt all that get to the pipe,
• 56:10
  Speaker 4: take the pipe out, replace the pipe, put new dirt,
• 56:14
  Speaker 4: put new concrete, all of these different things.
• 56:17
  Speaker 3: And he's like, ye, it's gonna be about thirty thousand dollars. Bro.
• 56:19
  Speaker 3: My heart fell into my stomach Like what bro? Like
• 56:24
  Speaker 3: what like like like thirty bands? Like you're talking about
• 56:28
  Speaker 3: the down payment on another property type shit.
• 56:30
  Speaker 4: Like you're like, yeah, so blessed enough. I'm financially literate.
• 56:35
  Speaker 4: I use credit business credit interest free business credit.
• 56:39
  Speaker 3: You know what I mean.
• 56:40
  Speaker 4: I used one of my cards swiped that been paying
• 56:43
  Speaker 4: it down with the rent ever since then. I'm still
• 56:45
  Speaker 4: paying on that shit right now. But the thing is
• 56:48
  Speaker 4: financial literacy. Once that interest free is up, I just
• 56:51
  Speaker 4: transfer the balance to a new car, you know what
• 56:53
  Speaker 4: I'm saying interest free, So that way, at least I'm
• 56:55
  Speaker 4: not paying extra money on it. The rents have increased
• 56:57
  Speaker 4: over time, pier space is running up a bad so
• 57:00
  Speaker 4: it allows me to still take care of that without
• 57:04
  Speaker 4: it coming out of my arm.
• 57:05
  Speaker 1: It could be a blessing, right because I've had that
• 57:07
  Speaker 1: same sit little situation shower. I started seeing like the
• 57:10
  Speaker 1: water wasn't going down, like what's happening? Called the plumber.
• 57:13
  Speaker 1: They're like, you got a belly in your pipes? I said,
• 57:15
  Speaker 1: what is that? Right? And then they put the you know,
• 57:18
  Speaker 1: the camera camera like that's the belly and then you
• 57:21
  Speaker 1: look at it and it's like it's literally see you ye,
• 57:24
  Speaker 1: And now the water can't get out. I said, well,
• 57:26
  Speaker 1: how much is going to cost to fix? They were like,
• 57:28
  Speaker 1: you want the rough essment or real essment? Said give
• 57:30
  Speaker 1: me the real one. He said about twenty five thousand.
• 57:34
  Speaker 1: I was like, well to fix this like now, he's like, yeah,
• 57:36
  Speaker 1: twenty five thousand, and if we have to go out
• 57:38
  Speaker 1: to the street. We got to call the town. We're
• 57:39
  Speaker 1: gonna have the permits is probably gonna be forty thousand.
• 57:41
  Speaker 1: And you're sitting there. You have a family, We can't
• 57:46
  Speaker 1: take a shower, we can't watch the dies.
• 57:48
  Speaker 3: And for me it was my tenants. It's like, I
• 57:50
  Speaker 3: can't have people living like.
• 57:52
  Speaker 4: This, Like I would be foul to say yo to
• 57:54
  Speaker 4: constantly just keep trying to patch this up, and my
• 57:57
  Speaker 4: tenant's furniture and roads and all these things are getting
• 58:00
  Speaker 4: damaged and they're getting pissed, like dude, when are you
• 58:03
  Speaker 4: going to get this fixed? It's like you can't keep
• 58:05
  Speaker 4: on trying to patch this up because it keeps happening.
• 58:07
  Speaker 1: But on the other side of it is like, now
• 58:08
  Speaker 1: that that it's fixed, it adds value.
• 58:11
  Speaker 4: Adds value because you got the whole new plumbing line exactly.
• 58:13
  Speaker 4: All of these things in plumbing, electrical, roofwork, certain things
• 58:17
  Speaker 4: add value to your property. So now I just added
• 58:20
  Speaker 4: brand new plumbing lines to my property, which gave me,
• 58:22
  Speaker 4: you know what I mean, sweat equity. When did you
• 58:25
  Speaker 4: buy your first home twenty fifteen? How much was it
• 58:29
  Speaker 4: three hundred and sixty thousand dollars?
• 58:30
  Speaker 2: How much is it now?
• 58:31
  Speaker 3: Five hundred and ninety thousand dollars.
• 58:33
  Speaker 4: He said it with a smile, And I didn't pay
• 58:35
  Speaker 4: anything should and mind you three hundred and sixty thousand.
• 58:39
  Speaker 4: The mortgage has been paid down for eight years by
• 58:42
  Speaker 4: the tenants. I've been living for free. So that's all. Like,
• 58:46
  Speaker 4: once I sell this thing, it's going to be all
• 58:48
  Speaker 4: profit on top of twenty or thirty years of cash flow?
• 58:52
  Speaker 2: Are you getting positive cash flow now? Seventeen hundred a
• 58:55
  Speaker 2: month from a.
• 58:57
  Speaker 3: Place that I live? They know you're I'm cool. I'm
• 59:00
  Speaker 3: like the coolest landlord. Like so.
• 59:06
  Speaker 4: Yeah, so so like if I go do something big
• 59:08
  Speaker 4: or something like that, I wouldn't I wouldn't tell nobody,
• 59:11
  Speaker 4: but for this kind of stuff, and a lot of
• 59:13
  Speaker 4: people like, yeah, don't tell, Like nah, man, get familiar
• 59:16
  Speaker 4: with your tennis. Get build a relationship with your tennis,
• 59:18
  Speaker 4: like you know what I mean. Like that's that's a
• 59:19
  Speaker 4: good thing. Like don't in that way, it's easy for
• 59:22
  Speaker 4: you to have certain conversations without people getting offended or anything.
• 59:25
  Speaker 4: Like hey, miss Jones, don't forget it's the fifth Make
• 59:27
  Speaker 4: sure you pay your rent tomorrow. I ain't gonna charge
• 59:30
  Speaker 4: you a late fee, but make sure you like you
• 59:31
  Speaker 4: know what I mean, just like you have these relationships
• 59:33
  Speaker 4: and you can like you know, you watch people, kids
• 59:36
  Speaker 4: grow up, and just like all of these different things
• 59:38
  Speaker 4: that I've gotten to learn and see as a landlord. Man,
• 59:40
  Speaker 4: it's actually pretty cool to have relationships with my tenants.
• 59:43
  Speaker 4: And the main thing for me is, man, you treat
• 59:46
  Speaker 4: people with respect, You provide quality living spaces for people.
• 59:50
  Speaker 4: You don't do slum lord shit. I promise you your
• 59:52
  Speaker 4: tennants are going to take care of you like they're
• 59:55
  Speaker 4: gonna take care of you, because at the end of
• 59:56
  Speaker 4: the day, this is their home's mine and with them
• 1:00:00
  Speaker 4: living here. How many people do you know like to
• 1:00:03
  Speaker 4: tear up their own shit. It's rare, of course, you
• 1:00:07
  Speaker 4: see it. Sometimes people live in some pretty fucked up places.
• 1:00:10
  Speaker 4: But a lot of times in those situations, people don't
• 1:00:12
  Speaker 4: care because the landlord ain't taking care of the property
• 1:00:14
  Speaker 4: the way that they're supposed to. When you taking care
• 1:00:17
  Speaker 4: of your stuff, people who have nice stuff, they like
• 1:00:20
  Speaker 4: to keep it nice. I've never before I was a landlorder.
• 1:00:22
  Speaker 4: I've never lived somewhere and I just tore the place
• 1:00:26
  Speaker 4: up or nothing like. I like nice shit, so I
• 1:00:27
  Speaker 4: like to you know what, I mean, take care of it,
• 1:00:29
  Speaker 4: keep it nice. If I had company, I'm want to
• 1:00:31
  Speaker 4: come through. All this is nice, Like that's just common sense.
• 1:00:34
  Speaker 2: Right, So can you rEFInd out of the knocker?
• 1:00:37
  Speaker 4: Hell yeah, boy, rashad, I'm sitting on so much equity
• 1:00:41
  Speaker 4: right now.
• 1:00:41
  Speaker 3: Right so in order for me to.
• 1:00:43
  Speaker 4: Go get a home equity line of credit and pull
• 1:00:44
  Speaker 4: money out of a property that I own, I got it.
• 1:00:47
  Speaker 4: Your income and please go show income before you start
• 1:00:51
  Speaker 4: talking about doing.
• 1:00:52
  Speaker 3: Brrrs and all this kind of stuff.
• 1:00:55
  Speaker 4: These terms, it's all over the internet because at the
• 1:00:57
  Speaker 4: end of the day, you have to know the terms
• 1:00:59
  Speaker 4: of doing these things before you go out and do it.
• 1:01:02
  Speaker 4: Because yeah, that's your money, but it ain't your money,
• 1:01:04
  Speaker 4: like it's your money in your pocket. You got to
• 1:01:06
  Speaker 4: go get permission from the bank to access this money.
• 1:01:08
  Speaker 3: And if you don't have a.
• 1:01:09
  Speaker 4: Relationship with the bank and you can't show the bank
• 1:01:11
  Speaker 4: that you're making money, the bank ain't even want to
• 1:01:13
  Speaker 4: hear that shit at all. They gonna be like, boy,
• 1:01:15
  Speaker 4: this's our money.
• 1:01:18
  Speaker 1: We on this. So talk about the pair space play
• 1:01:21
  Speaker 1: because you're you live in the one, but the one
• 1:01:24
  Speaker 1: with your girlfriend. You are using pair of space. How
• 1:01:26
  Speaker 1: you came to contact with it and what's the play
• 1:01:28
  Speaker 1: on that.
• 1:01:29
  Speaker 4: So pier space is something that I found out about
• 1:01:31
  Speaker 4: when I was rapping. I used to, you know, have
• 1:01:34
  Speaker 4: videographers or whatever, and we just always these dope places.
• 1:01:36
  Speaker 4: But it would just be in the budget and what
• 1:01:38
  Speaker 4: they charged me for and I'm like, bro, where you
• 1:01:40
  Speaker 4: find this set or whatever the case may be. And
• 1:01:42
  Speaker 4: I would hear them talk about peer space, but I
• 1:01:44
  Speaker 4: just never looked into it. So one day I was
• 1:01:46
  Speaker 4: shooting some content at the new house. Like I said,
• 1:01:48
  Speaker 4: it's five so I like, man, it sounds for shoot
• 1:01:51
  Speaker 4: all kind of content in this house. My guy was like, bro,
• 1:01:54
  Speaker 4: you should consider putting his house on pier space.
• 1:01:56
  Speaker 3: You would check a bag.
• 1:01:58
  Speaker 4: And I'm just like, that's the shit you've been telling
• 1:01:59
  Speaker 4: me about it all these years. He like, fam, I'm
• 1:02:01
  Speaker 4: going to rent your house. Like I'm finna be calling
• 1:02:05
  Speaker 4: you and renting your house. So the next day I
• 1:02:08
  Speaker 4: went on peer space, you know, I went and took
• 1:02:09
  Speaker 4: me some pictures of the property or whatever.
• 1:02:11
  Speaker 1: Man.
• 1:02:12
  Speaker 4: Two days later, bookings, bookings, bookings, bookings, bookings, video shoots,
• 1:02:17
  Speaker 4: photo shoots. People want to come and host dinner parties.
• 1:02:20
  Speaker 2: It's just like peer space. Peer Space is a vibe
• 1:02:23
  Speaker 2: and a lot a lot of people still don't know
• 1:02:25
  Speaker 2: about pair.
• 1:02:25
  Speaker 4: Space, and it's crazy because the thing is you can
• 1:02:28
  Speaker 4: still live there. It's not like Airbnb.
• 1:02:30
  Speaker 2: You have to be gone and there's different rules like Airbnb.
• 1:02:34
  Speaker 2: A lot of these buildings they don't even allow it
• 1:02:36
  Speaker 2: allow and stuff like that, and they're cracking down. But
• 1:02:38
  Speaker 2: like we found out about peer Space when we went
• 1:02:40
  Speaker 2: to we got to show Revolt over aliability shots to Revolt,
• 1:02:44
  Speaker 2: So when we we do like off set locations where
• 1:02:48
  Speaker 2: we film with different stuff. So we were in l A.
• 1:02:51
  Speaker 2: And we were filming in LA at this house on
• 1:02:53
  Speaker 2: the hills and actually was at Atlanta. We were in Atlanta,
• 1:02:57
  Speaker 2: La too, but Atlanta we was film in an episode
• 1:03:01
  Speaker 2: and the lady who actually owned the house, she found
• 1:03:06
  Speaker 2: out that we were filming in so she stayed because
• 1:03:08
  Speaker 2: she was big fans of even Out so she wanted
• 1:03:10
  Speaker 2: to introduce herself. So then she started giving us to
• 1:03:12
  Speaker 2: play like yeah, you know, I rent this out the
• 1:03:13
  Speaker 2: peer space. So then we went to LA and then
• 1:03:15
  Speaker 2: we Revolt rented a spot there. So we were talking
• 1:03:18
  Speaker 2: to like the production team and all that and they like, yeah,
• 1:03:22
  Speaker 2: it's and the good thing about pair of space is that,
• 1:03:24
  Speaker 2: especially like for that type of thing, it's only for
• 1:03:26
  Speaker 2: a couple hours as opposed to the whole night, and
• 1:03:29
  Speaker 2: it's a lot more money because it's like this is
• 1:03:32
  Speaker 2: Revolt inc.
• 1:03:34
  Speaker 4: That you can have them come for two hours, NBC
• 1:03:38
  Speaker 4: come for two hours, CBS come for two hours. It's
• 1:03:42
  Speaker 4: not like all right, cool, were getting five hundred for
• 1:03:44
  Speaker 4: the night, Like nah, you can run this shit up
• 1:03:46
  Speaker 4: and then two of The crazy thing is so I
• 1:03:48
  Speaker 4: ran out my main floor, I ran out my office space,
• 1:03:51
  Speaker 4: I ran out my bathroom, all separate. I can have
• 1:03:53
  Speaker 4: three different things going on at the same time, getting
• 1:03:56
  Speaker 4: three different bags all from the same.
• 1:03:57
  Speaker 2: So airbnb is for people that want to come and
• 1:04:02
  Speaker 2: stay the night and live there for a day. Peer
• 1:04:04
  Speaker 2: spaces for people that want to do production, you.
• 1:04:06
  Speaker 3: Create or like music video.
• 1:04:11
  Speaker 1: What we're doing here is we just when we did
• 1:04:13
  Speaker 1: that photoshoot, same thing somebody's from home. You got like
• 1:04:16
  Speaker 1: five hours to do it, take the pictures, put everything
• 1:04:19
  Speaker 1: back the same way. By the time they come home
• 1:04:21
  Speaker 1: from work, you just made five hundred to one thousand
• 1:04:23
  Speaker 1: dollars just coming on home on the train.
• 1:04:26
  Speaker 2: If you live in a city that has like a
• 1:04:27
  Speaker 2: media presence like New York, Chicago, Atlanta, La. There's always
• 1:04:32
  Speaker 2: stuff happened, always stuff, Always something's happening, whether it's a production,
• 1:04:37
  Speaker 2: a music video, dinner.
• 1:04:39
  Speaker 4: Man, I don't have I've had so many YouTube like
• 1:04:41
  Speaker 4: sensations come and do stuff in my crib like people
• 1:04:44
  Speaker 4: with two million followers.
• 1:04:45
  Speaker 3: I'm like, are you dude off of yeah?
• 1:04:48
  Speaker 4: Like it's just be like you know what I made
• 1:04:49
  Speaker 4: to be cool, like the kind of people you interact
• 1:04:51
  Speaker 4: with and come across.
• 1:04:52
  Speaker 3: And then to another thing about peer space.
• 1:04:54
  Speaker 4: I feel like God put it in my life for
• 1:04:56
  Speaker 4: me to be, you know, a testimony to a lot
• 1:04:58
  Speaker 4: of the young guys. I get a lot out of
• 1:05:00
  Speaker 4: Chicago rappers that'll come there. So when they see me,
• 1:05:03
  Speaker 4: they see me look like this, you know what I mean.
• 1:05:05
  Speaker 4: Sometimes I might spark up a smoke or something or whatever.
• 1:05:07
  Speaker 3: They be like you own this. I'm like, yeah, this
• 1:05:10
  Speaker 3: is me.
• 1:05:10
  Speaker 4: I'm like I own the building in the front too,
• 1:05:12
  Speaker 4: Like bruh how I'm like, man, just to play go
• 1:05:15
  Speaker 4: through the NACA program. All this money you flashing in
• 1:05:17
  Speaker 4: this video, like with that ship in an account, like
• 1:05:21
  Speaker 4: you know what I'm saying, Like, build a relationship with
• 1:05:23
  Speaker 4: a bank, like you know what I'm saying. They'll come
• 1:05:25
  Speaker 4: in the house, they'll see you know what I mean,
• 1:05:27
  Speaker 4: the CNBC, the stock market on They're like, Bro, you
• 1:05:29
  Speaker 4: into this Like I know, I look like y'all, yes,
• 1:05:32
  Speaker 4: but this is my lifestyle. Like I buy, I buy property,
• 1:05:36
  Speaker 4: I invest in the stock market, I start businesses.
• 1:05:38
  Speaker 3: I'm like, this is my clothing brands.
• 1:05:39
  Speaker 4: You have a clothing bring yes, bro, Like I'm really
• 1:05:41
  Speaker 4: out here, like going crazy all because of NAKA.
• 1:05:44
  Speaker 3: Like it's just like.
• 1:05:47
  Speaker 4: You feel me like like like respectfully humbly, like you
• 1:05:51
  Speaker 4: know what I mean whole time Like yeah, y'all, and
• 1:05:54
  Speaker 4: you can do the same thing. And when I talk
• 1:05:55
  Speaker 4: to these guys like this, when I'm speaking their language
• 1:05:58
  Speaker 4: and I'm speaking their lingo, they like, yo, I want
• 1:06:00
  Speaker 4: to be like you.
• 1:06:02
  Speaker 3: I'm doing this.
• 1:06:02
  Speaker 4: Ship representation is like I'm doing this whole time thinking
• 1:06:06
  Speaker 4: this is the only way for me to get rich.
• 1:06:07
  Speaker 4: Here you are, you have thousands of people who follow
• 1:06:10
  Speaker 4: you on Instagram. I'm trying to do everything that you're
• 1:06:12
  Speaker 4: doing in a saturated lane, but here you are just
• 1:06:16
  Speaker 4: flourishing in.
• 1:06:17
  Speaker 3: Your own lane doing your thing Like yeah, bro.
• 1:06:19
  Speaker 2: And you're not compromising. Who you are as a person,
• 1:06:22
  Speaker 2: none of it all your safety, none of it. And
• 1:06:24
  Speaker 2: it's important and the thing is so essentially So, you
• 1:06:28
  Speaker 2: brought your first home with no money down, no money down,
• 1:06:32
  Speaker 2: it's increased to a stand since you since you purchased it.
• 1:06:38
  Speaker 2: You're getting seventeen hundred dollars positive cash flow and you're
• 1:06:42
  Speaker 2: living there, Yes sir, So you're living for free, yes sir.
• 1:06:45
  Speaker 2: And you've increased over the course of time equality. What
• 1:06:49
  Speaker 2: are you just going to keep this forever.
• 1:06:50
  Speaker 3: Or with the interest rates? Absolutely?
• 1:06:54
  Speaker 4: Like I say that the most I'll do is a
• 1:06:56
  Speaker 4: home maker line of credit to go and start reinvesting
• 1:06:58
  Speaker 4: in more stuff. Like I said, I am sitting on
• 1:06:59
  Speaker 4: the tone, love it, but like why sell a cash
• 1:07:02
  Speaker 4: flow and asset in a great community like this thing
• 1:07:04
  Speaker 4: is going to like the neighborhood is going to continue
• 1:07:06
  Speaker 4: to go up like I have. I'm ten minutes fifteen
• 1:07:10
  Speaker 4: minutes away from downtown. I have buses and trains that
• 1:07:12
  Speaker 4: give you access to downtown. I have amazing schools in
• 1:07:15
  Speaker 4: my neighborhood parks. I have churches, restaurants, anything, any amenity
• 1:07:20
  Speaker 4: that a tenant could want, and the kind of amenities
• 1:07:23
  Speaker 4: that make tenants want to stay.
• 1:07:25
  Speaker 3: For a long period of time.
• 1:07:26
  Speaker 4: I have those with my properties because I'm intentional about
• 1:07:29
  Speaker 4: the neighborhoods that I buy in.
• 1:07:30
  Speaker 3: Like this is why I tell people you need to
• 1:07:31
  Speaker 3: have education and real estate.
• 1:07:33
  Speaker 4: You can't just go and just like just cause you
• 1:07:35
  Speaker 4: got approved for a loan like no, like no, like
• 1:07:38
  Speaker 4: be intentional, be able to do neighborhood analysis understand Like okay,
• 1:07:41
  Speaker 4: where are the good schools, where are the.
• 1:07:42
  Speaker 3: People living at? Who have you know, good grocery stores?
• 1:07:45
  Speaker 4: Where are the like nice parks that like, what access
• 1:07:48
  Speaker 4: do I have to buses and trains to Whereas even
• 1:07:50
  Speaker 4: if I am far away from somebody's jobs and they
• 1:07:52
  Speaker 4: don't have a car, they can just take public transportation.
• 1:07:55
  Speaker 3: These things are important to tenants.
• 1:07:56
  Speaker 4: You can't when you're when you're investing in multi family least,
• 1:08:00
  Speaker 4: you can't go and do what's best for you. You
• 1:08:03
  Speaker 4: have to come from a tenant's perspective, like, Okay, if
• 1:08:05
  Speaker 4: I was a tenant and I lived here, when I
• 1:08:07
  Speaker 4: want to live here?
• 1:08:08
  Speaker 3: And how long would I want to live here?
• 1:08:10
  Speaker 1: So what's what's the what's the I'm sorry, what are
• 1:08:13
  Speaker 1: the loan terms on it? Is it traditional?
• 1:08:16
  Speaker 4: Like thirty years thirty year fixed right right thirty your
• 1:08:18
  Speaker 4: fixed rights, bro.
• 1:08:19
  Speaker 2: So you know Jamal King, Yes, mam man. So he
• 1:08:23
  Speaker 2: used to be a cop on the South Side, and
• 1:08:25
  Speaker 2: he was telling I remember the first time I was
• 1:08:26
  Speaker 2: telling I was talking to him and he was like,
• 1:08:28
  Speaker 2: you know, he's he stopped being a cop because he
• 1:08:31
  Speaker 2: realized he can make more of an impact doing real estate.
• 1:08:34
  Speaker 2: And he was like, when he was a cop, it's
• 1:08:36
  Speaker 2: a it's a thing where your job is to be reactive. Whereas,
• 1:08:43
  Speaker 2: all right, somebody comits a crime, now you arrest him,
• 1:08:45
  Speaker 2: and it's like it's anover ending cycle. Right, But as
• 1:08:50
  Speaker 2: a landlord and as a real estate investor, you get
• 1:08:52
  Speaker 2: to be proactive, right and now you actually you can
• 1:08:56
  Speaker 2: help change neighborhoods, You can educate people, You can change
• 1:08:59
  Speaker 2: some why's life so they don't have to even be
• 1:09:02
  Speaker 2: in a situation where you have to arrest arrest them. So,
• 1:09:05
  Speaker 2: coming from Chicago, how important is it for you to
• 1:09:09
  Speaker 2: ed you because obviously, you know when we hear Chicago,
• 1:09:11
  Speaker 2: everybody you always thinking about drill music and gang violence
• 1:09:15
  Speaker 2: and murders and all of that stuff.
• 1:09:17
  Speaker 3: Block We're not from sixty third.
• 1:09:19
  Speaker 2: Like just so, so if you think you think this
• 1:09:22
  Speaker 2: is something that you know, the education can help can
• 1:09:26
  Speaker 2: help change some of you know, the issues that are faced.
• 1:09:31
  Speaker 4: I know it can because it helped me, Like the
• 1:09:34
  Speaker 4: moment somebody told me about Knaka, the moment I found
• 1:09:38
  Speaker 4: out about rich Dad Porter, at the moment I read
• 1:09:41
  Speaker 4: money Master, the Game, mindset shift, the media, because now
• 1:09:45
  Speaker 4: I don't have to fucking go out here and risk
• 1:09:47
  Speaker 4: my life and do certain shit that I know that
• 1:09:49
  Speaker 4: I don't really even want to do, but I honestly
• 1:09:51
  Speaker 4: just don't know any better. Like this is what I
• 1:09:53
  Speaker 4: know to survive now. I have alternative routes because somebody
• 1:09:57
  Speaker 4: told me about it. I've been exposed to them. And
• 1:10:00
  Speaker 4: ninety percent of the issue is exposure. We don't have
• 1:10:02
  Speaker 4: exposure to any of this. Like I said, I was
• 1:10:04
  Speaker 4: exposed to my friends going to the NBA college coaches,
• 1:10:07
  Speaker 4: Lebron James, Like these are the things that made it
• 1:10:10
  Speaker 4: like believable for me. Like I saw rich people, I
• 1:10:13
  Speaker 4: saw wealthy people. I saw people who were doing things
• 1:10:16
  Speaker 4: on a large scale. I saw my friends come from
• 1:10:19
  Speaker 4: a small town in Maywood and go play for the
• 1:10:23
  Speaker 4: biggest and the best coaches in the country, go win championships,
• 1:10:26
  Speaker 4: with the Shannon played with Lebron and Kobe. He got
• 1:10:30
  Speaker 4: drafted by Cleveland and won two championships with Kobe.
• 1:10:33
  Speaker 3: Like that's like them and that's the crazy thing.
• 1:10:37
  Speaker 4: Like he was neck and neck with Lebron in the
• 1:10:40
  Speaker 4: All American Game, being the Jordan Game as far as
• 1:10:42
  Speaker 4: points the dunk contest, like I think he had co
• 1:10:44
  Speaker 4: MVP of the Jordan Game that year.
• 1:10:46
  Speaker 3: Like that's like this exposure like what it did for.
• 1:10:49
  Speaker 4: Me, man, it is just like it just changed my
• 1:10:53
  Speaker 4: life because coming from where we come from, like you
• 1:10:56
  Speaker 4: don't see it, you don't hear it, so to be
• 1:10:58
  Speaker 4: around it and exposed to it's like like this is it.
• 1:11:02
  Speaker 4: Like I don't have to settle for this. I don't
• 1:11:05
  Speaker 4: have to be okay with this. I don't have to
• 1:11:07
  Speaker 4: be this person, you know.
• 1:11:09
  Speaker 3: What I mean? Like I have options now, and I
• 1:11:11
  Speaker 3: feel like the.
• 1:11:12
  Speaker 4: More kids in our communities see this and see people
• 1:11:16
  Speaker 4: talk about it like intentionally, like aggressively, like how I
• 1:11:19
  Speaker 4: talk like and I speak to them in they language,
• 1:11:21
  Speaker 4: like you know what, it's just like that's life changing
• 1:11:25
  Speaker 4: for a lot of people because it's like, yo, I
• 1:11:26
  Speaker 4: don't have to go see your drugs.
• 1:11:28
  Speaker 3: I don't have to.
• 1:11:28
  Speaker 4: If I start this at eighteen nineteen years old, I
• 1:11:31
  Speaker 4: start you can go get a knack of property working
• 1:11:33
  Speaker 4: at McDonald's. As long as you can pay rent, you
• 1:11:37
  Speaker 4: can pay your mortgage. Now, it may not be in
• 1:11:39
  Speaker 4: the best neighborhood of ever, but it's ownership. It starts
• 1:11:42
  Speaker 4: there and then you can take that little piece of
• 1:11:43
  Speaker 4: property or whatever the case may be, in scale up
• 1:11:45
  Speaker 4: from there. But if we don't know about ownership, we
• 1:11:48
  Speaker 4: don't have any representation. We don't have anybody teaching us
• 1:11:50
  Speaker 4: these things. We don't have anybody talking about these things.
• 1:11:52
  Speaker 4: It's just kind of like.
• 1:11:53
  Speaker 2: You said something I was extremely insightful. Just now, if
• 1:11:56
  Speaker 2: you can pay rent, you can pay a mortgage. That's
• 1:11:59
  Speaker 2: true because most of the time the rent is higher.
• 1:12:02
  Speaker 1: Oh yeah.
• 1:12:02
  Speaker 2: The problem that stops people from buying a home is
• 1:12:05
  Speaker 2: a down payment. So there's dollars, you know that, But
• 1:12:07
  Speaker 2: it's like the down payment. So it's like, if you're
• 1:12:10
  Speaker 2: living in the Bronx, you might be paying nineteen hundred
• 1:12:13
  Speaker 2: dollars a month for a one bedroom a and not
• 1:12:16
  Speaker 2: a great neighborhood. You could you can you can go.
• 1:12:19
  Speaker 3: Buy pretty in that same neighborhood.
• 1:12:20
  Speaker 2: What'll stop you fifty thousand dollars sixty thousand down payment.
• 1:12:25
  Speaker 2: So that's what stops a lot of people from ever
• 1:12:27
  Speaker 2: buying a home, and they just stay on the on
• 1:12:30
  Speaker 2: the rent path. That rent common to this is something
• 1:12:35
  Speaker 2: that people don't fully understand. Rents not cheap at all,
• 1:12:38
  Speaker 2: rent at all.
• 1:12:39
  Speaker 4: Like I just told y'all my rents over here for
• 1:12:42
  Speaker 4: a one bedroom in Chicago now eighteen hundred, two thousand dollars,
• 1:12:46
  Speaker 4: like in this neighborhood and my other, in my other,
• 1:12:49
  Speaker 4: my first property, I'm getting fourteen hundred, fifteen hundred for
• 1:12:52
  Speaker 4: one to two bedrooms.
• 1:12:52
  Speaker 3: Like that's a mortgage.
• 1:12:54
  Speaker 1: Yeah, I know, people where we live right now. I mean,
• 1:12:56
  Speaker 1: you're talking about twenty five hundred and three thousand dollars
• 1:12:58
  Speaker 1: for a two bedroom. My mortgage is three thousand dollars
• 1:13:01
  Speaker 1: for my house.
• 1:13:02
  Speaker 3: And that's what I'm saying. I have a four unit
• 1:13:03
  Speaker 3: and my mortgage is three thousand dollars. You feel what
• 1:13:07
  Speaker 3: I'm saying.
• 1:13:07
  Speaker 4: Real, that's oh, my first one mortgage twenty seven hundred dollars.
• 1:13:10
  Speaker 4: On the second it's thirty five hundred dollars once you
• 1:13:12
  Speaker 4: factor in the taxes and insurance and stuff. But like bro,
• 1:13:15
  Speaker 4: like I'm hearing people say they pay this in rent,
• 1:13:18
  Speaker 4: Like so not only is my mortgage that, but I
• 1:13:21
  Speaker 4: don't even pay it. Somebody else pay it and I
• 1:13:24
  Speaker 4: got and I'm getting paid off of that mortgage. So
• 1:13:26
  Speaker 4: it's like, man, at this point, like we don't got
• 1:13:28
  Speaker 4: no excuses, y'all. Like I said, I started at twenty
• 1:13:32
  Speaker 4: six thousand dollars a year after taxes, Mom and daddy
• 1:13:35
  Speaker 4: did dope, like just all of these different things like,
• 1:13:37
  Speaker 4: ain't no excuses out here, bro, Like it's none like
• 1:13:40
  Speaker 4: Zebra when like.
• 1:13:41
  Speaker 3: When I hear people make excuses, bro, like that shit
• 1:13:43
  Speaker 3: burned me up.
• 1:13:44
  Speaker 4: Cause it's like, bro, like I come from this shit
• 1:13:47
  Speaker 4: like I didn't watch like you know what I'm saying,
• 1:13:49
  Speaker 4: a lot of foul last shit, a lot of traumatic
• 1:13:51
  Speaker 4: stuff in my life, and it's just like you making
• 1:13:54
  Speaker 4: excuses for them, like I ain't have my mama or
• 1:13:57
  Speaker 4: my daddy yo og raised you like you make an
• 1:13:59
  Speaker 4: excuse just like boys stop playing with me.
• 1:14:02
  Speaker 2: Swap.
• 1:14:02
  Speaker 1: Representation is important, man, So yeah, shout to you, Shout
• 1:14:05
  Speaker 1: out to the hostess. Got Ross back out there. We
• 1:14:09
  Speaker 1: got Mobile.
• 1:14:10
  Speaker 4: League out there because they're like we've like so myself
• 1:14:14
  Speaker 4: for Shauna and Mobile Home Elite have formed a partnership
• 1:14:17
  Speaker 4: to where it's like we just putting on for the city.
• 1:14:19
  Speaker 4: We have the meetups, We've started a business. We're gonna
• 1:14:24
  Speaker 4: host a Mastermind here soon. Man. Like we've just really
• 1:14:27
  Speaker 4: like just decided to just like take initiative and just
• 1:14:30
  Speaker 4: like you know, be the driving force of financial literacy,
• 1:14:33
  Speaker 4: real estate, et cetera in the city because we've grown
• 1:14:37
  Speaker 4: to the point where our brands are big enough to
• 1:14:40
  Speaker 4: do it. And then if we collaborate on this, the
• 1:14:45
  Speaker 4: competition like the next meetup, it's us. And then we
• 1:14:48
  Speaker 4: reached out to Jamal, Jamal gonna show up. It's just
• 1:14:50
  Speaker 4: like every we be so divided. A lot of times
• 1:14:53
  Speaker 4: we don't even realize. Man, A lot of stuff just
• 1:14:55
  Speaker 4: be a phone call away, you know what I'm saying.
• 1:14:57
  Speaker 4: But it show the way you think, kind of like
• 1:14:58
  Speaker 4: mess a lot of that up. But like we like
• 1:15:00
  Speaker 4: swept all of them the rook Like, yeah, we going
• 1:15:02
  Speaker 4: to get to it.
• 1:15:02
  Speaker 1: And representation is important and also is documenting the process.
• 1:15:05
  Speaker 3: Yeah.
• 1:15:05
  Speaker 1: So I want to talk about landlord life man.
• 1:15:08
  Speaker 4: So yeah, Man, I have a series on YouTube called
• 1:15:11
  Speaker 4: a Landlord Life. I'm just big on creating content in general.
• 1:15:14
  Speaker 4: I've been documenting my process in twenty fifteen, and it's crazy.
• 1:15:17
  Speaker 4: When I found y'all, I had a series called The
• 1:15:21
  Speaker 4: Renaissance Support and it was I was trying to do
• 1:15:23
  Speaker 4: what y'all doing right now. But I spent way too
• 1:15:26
  Speaker 4: much money on this shit. Right, Like I spent like
• 1:15:28
  Speaker 4: fifteen thousand dollars producing five.
• 1:15:30
  Speaker 3: Episodes, right, I had skits and.
• 1:15:32
  Speaker 4: I've rented out like this big like like acting studio
• 1:15:35
  Speaker 4: in Chicago and shit, and it was just like ridiculous,
• 1:15:37
  Speaker 4: Like I had some fire guests on it and everything.
• 1:15:39
  Speaker 3: But like once I looked at my budget.
• 1:15:41
  Speaker 4: Like you can't cheap well, so open close and like
• 1:15:47
  Speaker 4: it just it just showed me, like people love content.
• 1:15:50
  Speaker 3: People love that series. People love that show. And then
• 1:15:52
  Speaker 3: like I just started building content around everything I'm.
• 1:15:54
  Speaker 4: Doing the Landlord Life. And The Landlord Life is not
• 1:15:57
  Speaker 4: a fun series. I make it fun, but man, everything
• 1:16:00
  Speaker 4: that you're going to see on that series on my
• 1:16:01
  Speaker 4: YouTube channel is leaky roofs, plumbing issues toilets just you
• 1:16:08
  Speaker 4: know what I mean, HVA systems going bad. Like I'm
• 1:16:11
  Speaker 4: showing you guys all of everything that I'm dealing with
• 1:16:14
  Speaker 4: as a landlord.
• 1:16:15
  Speaker 3: We got three seasons over forty episodes.
• 1:16:17
  Speaker 4: I think the only good episode is me telling people
• 1:16:20
  Speaker 4: one of my tenants is the owner of a popular
• 1:16:22
  Speaker 4: shoe bou teak in Chicago.
• 1:16:23
  Speaker 3: So I got a plug on the shoot.
• 1:16:25
  Speaker 4: But outside of that, ain't no real benefits to like,
• 1:16:28
  Speaker 4: you know what I'm saying, managing your own properties on
• 1:16:30
  Speaker 4: the day to day, you know what I mean. I
• 1:16:31
  Speaker 4: want you all to understand this now, it's gonna be
• 1:16:33
  Speaker 4: beneficial on the back end, of course, you know what
• 1:16:35
  Speaker 4: I mean, when you cash out and you know what
• 1:16:36
  Speaker 4: I mean, you getting your cash flow. But some of
• 1:16:39
  Speaker 4: the stuff that you're dealing with, it's real, it's not
• 1:16:42
  Speaker 4: it's not Hollywood, it's not Instagram, it's.
• 1:16:44
  Speaker 3: Not you know what I mean.
• 1:16:45
  Speaker 4: Pulling up the lambow to the front of the property
• 1:16:47
  Speaker 4: with your Gucci's on. It's like, nah, boy, you're gonna
• 1:16:50
  Speaker 4: be fucking around walking in poop water sometimes, Like it's
• 1:16:53
  Speaker 4: just gonna be that, And like, you know what I mean,
• 1:16:54
  Speaker 4: you gotta understand what you getting into when you get
• 1:16:56
  Speaker 4: into it. But at the end of the day, what
• 1:16:58
  Speaker 4: I'll always tell people, it's not easy, but it's definitely
• 1:17:01
  Speaker 4: gonna be worth it. And like I said, I haven't
• 1:17:03
  Speaker 4: worked since two thousand and fifteen, Like I've just really
• 1:17:06
  Speaker 4: been out here moving around and networking and building relationships.
• 1:17:09
  Speaker 1: A long way from a cubicle, bro.
• 1:17:11
  Speaker 2: So what's next for you? I know you got the
• 1:17:13
  Speaker 2: education as well, took everything else you got.
• 1:17:15
  Speaker 4: So I host a monthly webinar I called Navigating NAKA
• 1:17:17
  Speaker 4: where I pretty much teach the NACA play because again,
• 1:17:20
  Speaker 4: NAKA can't tell y'all a lot of the stuff that
• 1:17:23
  Speaker 4: I can tell y'all because they're not allowed to kind
• 1:17:25
  Speaker 4: of like steer you in a particular direction.
• 1:17:27
  Speaker 3: I don't work for NAKA.
• 1:17:28
  Speaker 4: I'm not an agent, I'm not any of that, so
• 1:17:30
  Speaker 4: I can kind of like give you to play how
• 1:17:31
  Speaker 4: I need to give you to play how I ran
• 1:17:33
  Speaker 4: to play. So that's been doing extremely well. My NAVIGATINGNACA
• 1:17:36
  Speaker 4: webinar has been helping people like get their mindset right
• 1:17:39
  Speaker 4: and just like really understand the process and importance of
• 1:17:41
  Speaker 4: going through this program. In addition to that, man, I
• 1:17:44
  Speaker 4: got my merch mindset matters. This is a design. Books
• 1:17:47
  Speaker 4: are the keys that I'm trying to get into the schools,
• 1:17:50
  Speaker 4: like when they have like book Week and like you know,
• 1:17:52
  Speaker 4: different stuff like that. And I own this. I got
• 1:17:55
  Speaker 4: this trademarked and everything. So just like just really growing
• 1:17:57
  Speaker 4: my brand.
• 1:17:58
  Speaker 3: Bro.
• 1:17:58
  Speaker 4: I got a book that I've been a molding and
• 1:18:01
  Speaker 4: just traveling around speaking renaissances. Five step guid on getting
• 1:18:04
  Speaker 4: your shit together, and that book is pretty much my
• 1:18:07
  Speaker 4: blueprint and everything that I did to get my mind
• 1:18:10
  Speaker 4: right before I got started in real estate and financial
• 1:18:13
  Speaker 4: literacy and all that, just you know, self evaluation, understanding
• 1:18:16
  Speaker 4: that I was in my own way, you know what
• 1:18:18
  Speaker 4: I mean, Understanding the power of my mind and words,
• 1:18:21
  Speaker 4: Knowing that the way that I speak to myself and
• 1:18:23
  Speaker 4: the words that I put into the universe are extremely important.
• 1:18:25
  Speaker 3: It's a really really dope book.
• 1:18:27
  Speaker 4: It's a real quick short read, and I got some
• 1:18:29
  Speaker 4: dope interviews in there from some of my homies.
• 1:18:31
  Speaker 3: I think y'all know.
• 1:18:32
  Speaker 4: Read a new Face She'd be with Dame dash Alot,
• 1:18:34
  Speaker 4: she from Chicago, got an interview with her, and yeah,
• 1:18:36
  Speaker 4: interview with my homie Code Sign, interview with my homie,
• 1:18:40
  Speaker 4: my little cousin, dj Orio who chanced the rappers DJ
• 1:18:43
  Speaker 4: and like just doing a lot.
• 1:18:44
  Speaker 3: Of dope shit.
• 1:18:44
  Speaker 4: So the book is dope, Like I say, man, just
• 1:18:46
  Speaker 4: really trying to like scale and grow my brand, like
• 1:18:48
  Speaker 4: just following y'all blueprint for real, for real. Just like
• 1:18:51
  Speaker 4: I see all of the stuff that y'all doing, and
• 1:18:53
  Speaker 4: it's just like I really just like try to mimic it,
• 1:18:55
  Speaker 4: Like all right, cool to merge, you know what I'm saying, mother,
• 1:18:56
  Speaker 4: it's traveling, doing speaking, networking, help and adding value to
• 1:18:59
  Speaker 4: people's honestly, Like when it comes to this, like y'all
• 1:19:01
  Speaker 4: are the blueprint for real, for real. So it's like
• 1:19:04
  Speaker 4: I don't try to like go and reinvent the wheel.
• 1:19:07
  Speaker 3: It's just kind of like, no, you see what they do.
• 1:19:09
  Speaker 3: It's just like just do what they doing, you know
• 1:19:12
  Speaker 3: what I'm saying. They winning.
• 1:19:13
  Speaker 4: So it's like if you see Warren Buffett investing in
• 1:19:15
  Speaker 4: apple stock or whatever, It's like why would I go
• 1:19:17
  Speaker 4: and try to figure all this out when I could
• 1:19:19
  Speaker 4: just do what Warren Buffett's doing on a smaller scale.
• 1:19:21
  Speaker 2: Fact, you know, it's like smart man.
• 1:19:25
  Speaker 1: Like.
• 1:19:25
  Speaker 4: So that's what I'm saying, Like people over complicate things
• 1:19:27
  Speaker 4: a lot of time. It's like the richest and the best,
• 1:19:29
  Speaker 4: I'm going to do whatever they're doing. So when I
• 1:19:31
  Speaker 4: hear Warren doing something, when I hear motherfucking y'all doing something.
• 1:19:35
  Speaker 4: When I hear Ian doing something, when I hear you
• 1:19:37
  Speaker 4: know what I'm saying, Bill Gates doing something?
• 1:19:38
  Speaker 3: All right? Cool?
• 1:19:39
  Speaker 4: How can I apply this to whatever it is that
• 1:19:41
  Speaker 4: I'm doing. That's how you simplify your life?
• 1:19:44
  Speaker 2: All right, brother, It's been a pleasure, man. How can
• 1:19:46
  Speaker 2: they follow you? What's your social media?
• 1:19:48
  Speaker 1: Man?
• 1:19:49
  Speaker 4: At Renaissance one, two five across all social media platforms.
• 1:19:53
  Speaker 4: My website is www dot the Renaissance dot com. Now
• 1:19:56
  Speaker 4: you can get merch, books, you know, courses, everything that
• 1:20:00
  Speaker 4: is Renaissance, Troy Housekeeping, idols.
• 1:20:02
  Speaker 1: Yeah, shout out to everybody on patreon dot com, all
• 1:20:05
  Speaker 1: our earnest dead, everybody in eyl University. Shout out to
• 1:20:08
  Speaker 1: the entire city of Chicago. Like Shoddy said, we will
• 1:20:10
  Speaker 1: be back in Chicago for Market Monday's Live in October.
• 1:20:14
  Speaker 1: The date to be announced. It's going to be a
• 1:20:16
  Speaker 1: special one. But I just want to shout the whole
• 1:20:18
  Speaker 1: every time we go there. There's so much love out there,
• 1:20:20
  Speaker 1: and shout out to you for supporting us in our
• 1:20:22
  Speaker 1: merch and all our endeavors. Man, y'all showed us so
• 1:20:24
  Speaker 1: much love. We can only say thank you to put
• 1:20:27
  Speaker 1: so many times, but we greatly appreciated.
• 1:20:29
  Speaker 2: Uh yeah, yeah, shout out at Chicago. Get your tickets
• 1:20:32
  Speaker 2: to market Monday's Live. It's going to be a vibe
• 1:20:35
  Speaker 2: and uh yeah man, thank you guys rocking with us.
• 1:20:38
  Speaker 2: We'll see you next week. Peace.
• 1:20:39
  Speaker 1: Peace.
• 1:20:40
  Speaker 7: An illegal alien from Guatemala charged with raping a child
• 1:20:43
  Speaker 7: in Massachusetts. An MS thirteen gang member from Al Salvador
• 1:20:47
  Speaker 7: accused of murdering a Texas man of Venezuelan charged with
• 1:20:52
  Speaker 7: filming and selling child pornography in Michigan. These are just
• 1:20:55
  Speaker 7: some of the heinous migrant criminals caught because of President
• 1:20:59
  Speaker 7: Donald J. Trump's leadership. I'm Christy nom the United States
• 1:21:03
  Speaker 7: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 1:21:08
  Speaker 7: crossings are at the lowest levels ever recorded, and over
• 1:21:11
  Speaker 7: one hundred thousand illegal aliens have been arrested. If you
• 1:21:15
  Speaker 7: are here illegally, your next you will be fine nearly
• 1:21:19
  Speaker 7: one thousand dollars a day, imprisoned and deported, you will
• 1:21:23
  Speaker 7: never return. But if you register using our CBP home
• 1:21:26
  Speaker 7: app and leave now, you could be allowed to return legally.
• 1:21:30
  Speaker 7: Do what's right. Leave now. Under President Trump America's laws,
• 1:21:35
  Speaker 7: border and families will
• 1:21:37
  Speaker 1: Be Protected sponsored by the United States Department of Homeland Security,