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Study Hall: HOW TO GET MONEY TO BUY LAND · Earn Your Leisure

0:03
Speaker 1: Hey everyone, this is Tatiana Manning, host of Real Talk
0:06
Speaker 1: with PGEN. We know small businesses are dealing with rising
0:10
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Speaker 1: and all other streaming platforms.
0:30
Speaker 2: Talk about the money. This is the financing portion of
0:33
Speaker 2: your land and development. We're going to talk about institutional funding,
0:36
Speaker 2: seller financing, private lenders, and crowdfunding. Institutional funding. This is
0:44
Speaker 2: where the slides get less cute with visuals, right, but
0:51
Speaker 2: it's a serious matter. Farmers dot gov is a website
0:55
Speaker 2: that I want to tell everybody to check out. You
0:59
Speaker 2: might not have any intention of farming, but with what's
1:03
Speaker 2: going on with food sovereignty, being able to purchase land
1:08
Speaker 2: through the USDA and loan products that are available, as
1:14
Speaker 2: well as being able to take advantage of any grants
1:19
Speaker 2: and different things that are available with food sovereignty projects,
1:24
Speaker 2: it's a no brainer. Look into farmers dot gov. That
1:28
Speaker 2: is a great resource when you are purchasing land. Institutional
1:33
Speaker 2: funding is your typical funding. That's when you go to
1:36
Speaker 2: Wells Fargo, Bank of America, Chase, or Citizens Trust Bank,
1:44
Speaker 2: Unity Bank and you say, I want to buy this
1:49
Speaker 2: piece of land, I would like to build a home
1:52
Speaker 2: on it, and I would like to sell it. They've
1:54
Speaker 2: got the best rates, but it's the hardest to get
1:59
Speaker 2: so you're going to need to speak to multiple lenders,
2:01
Speaker 2: and you're going to do best by starting with a
2:04
Speaker 2: bank that you already have a relationship with. So this
2:08
Speaker 2: goes without saying, before you try your hand at investing
2:12
Speaker 2: in any land, you should be credit worthy. You should
2:16
Speaker 2: have an exceptional credit score. You should have money and
2:20
Speaker 2: savings in the bank. At least you know, twenty five
2:23
Speaker 2: percent of your disposable income should be saved in the
2:27
Speaker 2: bank before you start buying land and investing in this way. Yes,
2:33
Speaker 2: you can buy affordable land at affordable prices cash outright,
2:40
Speaker 2: and if that's the strategy you want to do, by
2:43
Speaker 2: all means, do it. But if you're going to do
2:46
Speaker 2: a development project of scale, you're going to need institutional
2:50
Speaker 2: funding and to get the best rates, and to even
2:53
Speaker 2: be considered by a traditional lender, you are going to
2:57
Speaker 2: need exceptional credit and experience that track record. Again, there's
3:04
Speaker 2: ways to get around it if you don't have a
3:06
Speaker 2: track record and no one on your team has a
3:09
Speaker 2: track record. By partnering strategically with your constructor your excuse me,
3:15
Speaker 2: your builder, your developer, speak with multiple lenders. Set up
3:21
Speaker 2: your LLC again, talk to that strategy, that business consultant,
3:25
Speaker 2: that strategist, that business attorney. Put your LLC into position
3:31
Speaker 2: by having the best, most credit worthy people on your LLC,
3:36
Speaker 2: people who have experience in maybe they have been a
3:40
Speaker 2: general contractor. If you have someone in your family or
3:45
Speaker 2: in your friend group, use the people who are in
3:48
Speaker 2: the best position to be able to go after institutional funding.
3:53
Speaker 2: If you do that, seller financing is the better option
4:00
Speaker 2: if you know you'd have less than perfect credit.
4:07
Speaker 3: No ash, hold on, ask because we got to hear that.
4:12
Speaker 3: We gotta hear that. The good folks that zoom something
4:15
Speaker 3: your sound.
4:16
Speaker 4: Kids going in and out, they're trying to sensor you
4:18
Speaker 4: like your sound your asking can you repeat that? Because
4:22
Speaker 4: your sound your sold is cutting off like every like
4:25
Speaker 4: ten minutes for like a minute. I don't know, I
4:27
Speaker 4: don't know what's going on, but can you can you
4:30
Speaker 4: start back at the beginning of seller financing.
4:31
Speaker 3: Please, we can't. We can't let that go on muted.
4:34
Speaker 2: Yes, I apologize. I probably have an unstable internet connection.
4:39
Speaker 4: It's all good any anytime, anytime that you do that again,
4:42
Speaker 4: because we don't want anybody to miss any information. Like
4:45
Speaker 4: when your sound goes out, we'll just start talking, because
4:48
Speaker 4: it's usually like only for like thirty seconds, So then
4:50
Speaker 4: we'll start talking, and then we could just bring you
4:52
Speaker 4: back into just so whenever you hear it start talking,
4:55
Speaker 4: just know that your sound cut out, and then we'll
4:57
Speaker 4: just bring you back in when your sound comes back on.
4:59
Speaker 3: Yeah, because I got my note to ash and I'm like, wait,
5:01
Speaker 3: what just happened?
5:04
Speaker 5: I get the information hook a crook man that's fat.
5:07
Speaker 3: Shout out to every shout out to everybody that has
5:09
Speaker 3: their hand raised. We're gonna get to that when Ashley
5:11
Speaker 3: finish with the presentation. We see the questions, We're gonna
5:13
Speaker 3: get to that, all.
5:15
Speaker 2: Right, bet. Seller financing, what I was saying is it's
5:18
Speaker 2: usually a better option because seller financing typically does not
5:24
Speaker 2: report to the credit bureaus. Sellers typically just want to
5:30
Speaker 2: get their money, and as long as you pay them,
5:32
Speaker 2: they have no reason to report to the credit bureaus.
5:35
Speaker 2: So that means your debt to income racial is not
5:39
Speaker 2: going to change because that debt that you have on
5:42
Speaker 2: that land is not going to be reported, so you
5:46
Speaker 2: know it, but nobody else is gonna know it. So
5:49
Speaker 2: seller financing means you could go and put loans out
5:52
Speaker 2: on twenty properties real quick and start flipping them on
5:56
Speaker 2: how you might see it as an opportunity, and your
5:58
Speaker 2: debt to income reach is not going to change, and
6:02
Speaker 2: you'll be able to move on your projects or get
6:06
Speaker 2: institutional funding as needed or additional credit cards as needed
6:11
Speaker 2: without these land deals being on your credit report and
6:15
Speaker 2: pulling your debt to income ratio to a lower score.
6:21
Speaker 2: So with seller financing is scamming season, so be careful.
6:28
Speaker 2: People will put a picture of a property up at
6:31
Speaker 2: like they are the seller, and you go and you're like, oh,
6:35
Speaker 2: I just bought twenty five acres for five stacks, and
6:39
Speaker 2: you did not just buy twenty five acres for five stacks.
6:43
Speaker 2: So make sure you are doing your due diligence, that
6:46
Speaker 2: you're checking the tax records to make sure that the
6:51
Speaker 2: person who says that they are the owner the seller
6:54
Speaker 2: is the seller. Check with the listing agent, make sure
6:58
Speaker 2: that the listing agent is is an official broker, and
7:02
Speaker 2: you protect yourself in every former fashion by going through
7:07
Speaker 2: a closing attorney on your seller financing deal. That's how
7:12
Speaker 2: you cover your assets. Okay, don't go do a seller
7:17
Speaker 2: financing deal straight up, and you might not actually end
7:22
Speaker 2: up buying this land, unless, of course, you are again
7:26
Speaker 2: a season investor, a season real estate investor that's used
7:30
Speaker 2: to buying properties and putting deeds in at the tax
7:34
Speaker 2: assessor's office and with the court in the county. If
7:38
Speaker 2: that's not you, you need a real estate agent and
7:41
Speaker 2: you need a close an attorney to ensure that your
7:44
Speaker 2: transaction with the seller goes through smoothly. Another note, with
7:48
Speaker 2: seller financing, or what's also known as owner financing, you
7:58
Speaker 2: negotiate with the You can negotiate what you want and
8:04
Speaker 2: they can negotiate what they need. So it could be
8:09
Speaker 2: a twenty percent down payment, it could be a fifty
8:12
Speaker 2: percent down payment. It can be a flat monthly rate
8:16
Speaker 2: of interest only with a balloon payment at the end.
8:19
Speaker 2: So make sure that you do good negotiating so that
8:23
Speaker 2: you get the best financing terms possible so that you
8:29
Speaker 2: don't end up overpaying for this price. Of land. Because
8:32
Speaker 2: if that's the case, you hustling backwards. So negotiate. Make
8:37
Speaker 2: sure that you got your best negotiator doing the negotiating,
8:41
Speaker 2: and you don't lose your shirt because you're financing and
8:45
Speaker 2: an exorberate interest rate, you're putting too much money down.
8:49
Speaker 2: Any of those things can be a bad situation. So negotiate, negotiate, negotiate,
8:55
Speaker 2: and make sure final note that the owner owns the
8:59
Speaker 2: proper the outright. Ideally, if the owner doesn't own the
9:03
Speaker 2: property outright, don't buy it. If the property itself has
9:09
Speaker 2: a mortgage on it, that's going to be more than
9:13
Speaker 2: the down payment you're going to pay, because when you
9:16
Speaker 2: pay that down payment, you want that down payment to
9:20
Speaker 2: clear the mortgage. No out that way, you can end
9:24
Speaker 2: up with the deed in your name from that moment
9:28
Speaker 2: you leave the closing table. That deed being in your
9:31
Speaker 2: name means it's your property. You can get USDA farm benefits,
9:39
Speaker 2: you can get all of the things that you need.
9:42
Speaker 2: But as long as there's a mortgage on that property
9:45
Speaker 2: in that seller's name, this deal is a no go.
9:48
Speaker 2: In most states, you can't have a property and sell
9:52
Speaker 2: it while you still have a mortgage on it, So
9:56
Speaker 2: be mindful that that mortgage needs to get cleared, and
9:59
Speaker 2: if it can't get cleared, it needs to be assumed,
10:02
Speaker 2: and you need to go through the process of legally
10:05
Speaker 2: assuming that mortgage with the mortgage holder and do it
10:09
Speaker 2: the right way because you do not want to lose
10:12
Speaker 2: your money. Private money lenders highest interest rates, hands down,
10:18
Speaker 2: that's not the way to go if you can avoid it,
10:21
Speaker 2: but it's easier to get most cases. It's based on
10:25
Speaker 2: the deal. And you can also get private money from
10:29
Speaker 2: family and friends if you are lucky enough to have
10:31
Speaker 2: people who are financially astute and who have savings and
10:37
Speaker 2: are interested and able to invest in deals like landdills
10:43
Speaker 2: and new construction opportunities. So if you have somebody in
10:48
Speaker 2: your circle, go get that private money. First, negotiate, negotiate, negotiate,
10:53
Speaker 2: win win right, And if you don't have private money
10:59
Speaker 2: of avail to you in your own personal network, you
11:03
Speaker 2: can go to a hard money lender. Heard money lenders
11:06
Speaker 2: are essentially borrowing the money of all the people in
11:09
Speaker 2: their network to be able to make loans to you
11:13
Speaker 2: at exorberant interest rates. A good interest rate for somebody
11:19
Speaker 2: who has a pretty good credit score. Who wants to
11:23
Speaker 2: bus and move before their business has been in business
11:26
Speaker 2: for at least six months. Because typically all of these
11:29
Speaker 2: financing opportunity options, except for seller financing, you're gonna want
11:34
Speaker 2: to be in business for at least six months, unless
11:37
Speaker 2: you are doing a farming business in which you can
11:40
Speaker 2: use a USDA startup loan to fund your land purchase
11:45
Speaker 2: and your farming operational expenses. But otherwise you are going
11:51
Speaker 2: to need to have been in business for at least
11:55
Speaker 2: six months, unless you're again going with a hard money lender.
12:00
Speaker 2: If not your heart, your heart money lender is going
12:03
Speaker 2: to look at the credit score of the primary or
12:08
Speaker 2: the managing partner. If that person has like a seven
12:11
Speaker 2: hundred credit score or better, you don't have to have
12:13
Speaker 2: been in business for six months. Again, typically the deal
12:17
Speaker 2: will dictate the private money lenders situation where you might
12:23
Speaker 2: not need to have good credit, but you definitely need
12:27
Speaker 2: to go and have these conversations again negotiating with your
12:31
Speaker 2: private money lenders. My favorite private money lender is direct
12:35
Speaker 2: Lending Partners. They typically do not do deals on land.
12:40
Speaker 2: Most private money lenders or hard money lenders do not
12:44
Speaker 2: do deals on just land. But again this is America.
12:49
Speaker 2: Anything is possible when you negotiate and open your mouth.
12:54
Speaker 2: Crowdfunding less hoops, less successful crowdfunding. When we started our
13:02
Speaker 2: when we decided to purchase land and we were looking
13:05
Speaker 2: at Toomsboro, we went on to go fund me and
13:10
Speaker 2: we looked and seen about fifteen or twenty crowdfunding campaigns
13:17
Speaker 2: of people trying to fundraise the one point seven million
13:21
Speaker 2: dollars for the city of Toombsborough. Right, crickets on all
13:26
Speaker 2: of the on all of the crowdfunding, Like, nobody raised
13:29
Speaker 2: more than like a thousand dollars on any of these
13:33
Speaker 2: crowdfunding website on this GoFundMe. So crowdfunding, while everybody gets
13:39
Speaker 2: really excited about it as an option, it's not usually
13:44
Speaker 2: successful unless you're very strategic and you have a huge
13:47
Speaker 2: marketing campaign and a great story. We were able to
13:52
Speaker 2: raise over eighty seven thousand. We're almost close to our
13:55
Speaker 2: eighty eight thousand dollars goal, and we used that as
13:58
Speaker 2: a kind of like a building fun where we were
14:01
Speaker 2: able to clear our land and put down gravel and
14:05
Speaker 2: you know, lay down areas for us to do our
14:11
Speaker 2: uh pavilions and our stages and all those types of things.
14:16
Speaker 2: And so that was a long and hard process to
14:20
Speaker 2: raise eighty eight thousand dollars and we still haven't reached
14:23
Speaker 2: our goal. So I crowdfunding is an option. It doesn't
14:27
Speaker 2: take a lot other than a strong story and marketing campaign,
14:32
Speaker 2: but they don't tend to go as far or be
14:34
Speaker 2: as successful as you would like them to be. And
14:37
Speaker 2: it takes a ton of money to be able to
14:41
Speaker 2: genuinely develop large projects, especially when they don't have, you know,
14:46
Speaker 2: connection to certain infrastructure. So crowdfunding is definitely a later choice.
14:53
Speaker 2: And then there is regulation crowdfunding which you can raise
14:58
Speaker 2: up to one million and seventy thousand dollars. I'm not
15:02
Speaker 2: very familiar with crowdfunding, and I would love if Troy
15:08
Speaker 2: and Rashad could get somebody who has done some crowdfunding
15:13
Speaker 2: in the EYL University at some.
15:15
Speaker 4: Point, because yeah, yeah, we did Chris Senegal Chris Senegal,
15:19
Speaker 4: and I'm sure he'll come back again and get he
15:21
Speaker 4: could do it.
15:22
Speaker 5: We can do a class on crowdfunding for sure. Yeah.
15:25
Speaker 4: He had a very he had a very successful crowdfunding
15:27
Speaker 4: campaign that they raised over a million dollars.
15:29
Speaker 2: See what I'm saying. So we I can't speak to that.
15:32
Speaker 2: But that right there, this is how we really start
15:36
Speaker 2: to develop land. Deal. So that's something that you guys
15:41
Speaker 2: are gonna come back, have to become earners and come
15:43
Speaker 2: back and get this class when it comes. All right,
15:48
Speaker 2: So let's get to the bill. The discovery period. There's
15:53
Speaker 2: a master planning period, there's a design phase of construction
15:58
Speaker 2: and marketing. Discovery starting from scratch means you need to
16:04
Speaker 2: discover the limitations and the restrictions of the land. I
16:08
Speaker 2: saw somebody in the comments say something about feasibility studies.
16:15
Speaker 2: That's this moment of discovery. Right. You can do a
16:19
Speaker 2: feasibility study before you buy the land, but that's a
16:24
Speaker 2: whole lot of money to put into something and then
16:27
Speaker 2: decide not to buy it or go forth. If you
16:32
Speaker 2: study the area, you do your due diligence, you know
16:35
Speaker 2: what's happening in the community. You've got a clear vision.
16:40
Speaker 2: When you purchase that land. You can do your feasibility
16:43
Speaker 2: study after the fact. Because developing land is really a
16:49
Speaker 2: lengthy process. It's not an overnight success type situation. It's
16:54
Speaker 2: going to cause for a civil engineer to come in
16:57
Speaker 2: to study the grating and the slopes of the land.
17:00
Speaker 2: There's gonna be someone who goes and drills into the
17:03
Speaker 2: dirt to see how much weight the dirt can withstand,
17:08
Speaker 2: so you know how high you can build, and what
17:12
Speaker 2: you can build, and what kind of materials there's gonna
17:15
Speaker 2: be best based on the climate. I'm skipping ahead, but ultimately,
17:20
Speaker 2: this discovery period is where you're gonna get your topographical
17:25
Speaker 2: survey done and you're gonna want to understand the demographics
17:29
Speaker 2: of the area. Again, what the median income is, are
17:34
Speaker 2: people graduating from college? Is the crime rates high? All
17:38
Speaker 2: of that good stuff. So that is your discovery period,
17:43
Speaker 2: your master planning period. This is where you're a person
17:47
Speaker 2: that you hired as your master planner, looks at where
17:51
Speaker 2: we're gonna put everything at the infrastructure and the roads,
17:55
Speaker 2: ingress and egress means how you go into the neighborhood,
17:59
Speaker 2: how you go out of the neighborhood, how you go
18:02
Speaker 2: into your driveway, how you go out of your driveway,
18:05
Speaker 2: waste management, stormwater runoff. They're gonna plan all of these things.
18:11
Speaker 2: You are not the person that does that. There's a
18:15
Speaker 2: master planner, a developer or architect, a civil engineer. There
18:19
Speaker 2: are a team of experts that sit down and do
18:23
Speaker 2: your master planning if you're doing a large scale project.
18:27
Speaker 2: If you're doing a smaller scale project, you still need
18:30
Speaker 2: the same people, but you might be able to work
18:32
Speaker 2: with a boutique company that has two, three, four people.
18:36
Speaker 2: Maybe we're in the same hat.
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21:00
Speaker 2: But master planning happens nonetheless. Master Planning can cost anywhere
21:05
Speaker 2: from one hundred and fifty dollars to seven fifty an hour,
21:08
Speaker 2: depending on the experience of the master planner, and so
21:13
Speaker 2: you could be looking again depending on the amount of
21:16
Speaker 2: the acreage of the project. Are we talking about developing
21:20
Speaker 2: ten acres of land? One acre of land? Are we
21:23
Speaker 2: talking about developing four hundred acres of land? That master
21:28
Speaker 2: plan to lay out those streets, those roads, all of
21:31
Speaker 2: that's designed from the information they got in discovery, from
21:36
Speaker 2: that topography report. They're gonna do all of that, and
21:40
Speaker 2: it can cost anywhere from ten to fifty thousand or more,
21:43
Speaker 2: depending on how much land you are getting planned and
21:49
Speaker 2: who the planner is. Design phase designing is the next
21:54
Speaker 2: step to your development process. This goes beyond that initial
22:00
Speaker 2: discovery phase into building homes and structures and retail and
22:06
Speaker 2: commercial based on the climate the area, the needs of
22:12
Speaker 2: the citizens. Areas that are prone to like tornadoes and hurricanes,
22:16
Speaker 2: they will require different kind of building materials than places
22:21
Speaker 2: that are dry and don't have those type of climate
22:27
Speaker 2: changes and issues. So all of that can increase the
22:32
Speaker 2: cost of what you're designing. And this is where you
22:35
Speaker 2: can make a lot of money or lose a lot
22:39
Speaker 2: of money because you can overly design and you design
22:43
Speaker 2: something that's too high end for the area, and now
22:46
Speaker 2: you're not selling because it was not the kind of
22:49
Speaker 2: design for this neighborhood, community and culture. Purchasing land where
22:56
Speaker 2: there's wetlands, deep valleys, other topic, graphical challenges. That's gonna
23:01
Speaker 2: create larger budgets because now you're talking about building bridges
23:05
Speaker 2: and how you lay in your foundation. So all of
23:08
Speaker 2: that stuff is a part of the design fast and
23:11
Speaker 2: it's gonna create and have a certain budget that will
23:14
Speaker 2: change according to the complexity of the design and the uh,
23:25
Speaker 2: what's the word I want to use, the style, the
23:29
Speaker 2: aesthetic of it, Okay, construction. This is the second to
23:36
Speaker 2: the last stage of the rawland development process. In most cases,
23:40
Speaker 2: it's gonna be the first year horizontal development. That's the
23:44
Speaker 2: grading of your roles, that's the curves, that's utilities. Eventually
23:50
Speaker 2: you know you're gonna start building the property from the
23:52
Speaker 2: ground up. When you looking for a contract or your
23:57
Speaker 2: construction team, they're gonna get paid in increments from your
24:00
Speaker 2: construction loan, and once they have gotten all of the
24:07
Speaker 2: construction done, you're ready to go onto the next phase.
24:11
Speaker 2: And construction again can take longer time frames based on
24:17
Speaker 2: the complexity of the design, the materials, chant leaks in
24:23
Speaker 2: the supply chain, or of trying to get certain materials
24:27
Speaker 2: to you. If you have certain materials that you are
24:31
Speaker 2: using because you're committed to green building, or you have
24:35
Speaker 2: a high end design, all of that can lead to
24:39
Speaker 2: higher budgets and costs. When you're looking for a contractor
24:44
Speaker 2: or contractors, you can google what state, what city you're in.
24:49
Speaker 2: If you want to hire you know a minority contractor
24:52
Speaker 2: a black contractor, google that put Georgia Minority Contractors Association,
24:59
Speaker 2: put floor or the Black Chamber of Commerce, put DC
25:05
Speaker 2: Business League into the results. Call them up and find
25:11
Speaker 2: a reputable contractor. If you don't already have someone you know.
25:16
Speaker 2: In branding and marketing, that's the last stage once you've
25:23
Speaker 2: gotten your building done. Before you've gotten your building done,
25:28
Speaker 2: to be perfectly honest, branding and marketing is what's going
25:32
Speaker 2: to sell this community that you just invested your time,
25:36
Speaker 2: energy and money into. Branding is how you sell, tell
25:40
Speaker 2: the story of why you built it, and attract your
25:43
Speaker 2: ideal residents to the community. And marketing is that active
25:48
Speaker 2: placement of materials and formats that will allow them to
25:52
Speaker 2: see that story and get that story in front of
25:54
Speaker 2: the masses so I can show you better than I
25:57
Speaker 2: can tell you. And I'm gonna take you to community
26:00
Speaker 2: right here in Georgia that's dope. In marketing, this is
26:05
Speaker 2: called Trillist. This is a community that's been being built
26:08
Speaker 2: over the last ten years. It's actually a community that
26:13
Speaker 2: was founded by a production studio called pine Wood Studios.
26:18
Speaker 2: It's in Fayetteville, Georgia. This marketing is what attracts their
26:24
Speaker 2: ideal client. Their values is what attracts their ideal client.
26:31
Speaker 2: The community that they are building is for makers, entrepreneurs,
26:37
Speaker 2: and storytellers where they can fine fulfillment in every way.
26:41
Speaker 2: This is branding a community tailor made for storytellers. Well,
26:46
Speaker 2: it was a studio that purchased land built it up,
26:51
Speaker 2: similar to what Tyler Perry did when he purchased land
26:54
Speaker 2: in East Point to build Tyler Perry Studios. They built
26:58
Speaker 2: a community. That's that economic development. It's got restaurants in there,
27:05
Speaker 2: homes and so when you are considering land development and
27:11
Speaker 2: what you're buying, things happen in phases. And so I
27:15
Speaker 2: wanted to show you this because when you start talking
27:18
Speaker 2: about doing a land project, you have to have vision
27:21
Speaker 2: and you have to know where you're going. So I
27:23
Speaker 2: wanted to show you, guys Trillis, and I'm going to
27:26
Speaker 2: show you got close that door, please star, thank you, Yes,
27:34
Speaker 2: and Saraenbi Georgia again marketing. It just looks like the
27:41
Speaker 2: kind of place where you want to live. Right, They
27:43
Speaker 2: got goats. So when you start thinking about your project,
27:50
Speaker 2: begin with the end in mind, and think about who's
27:52
Speaker 2: going to live here, and build for them, and build
27:56
Speaker 2: in a way that the story is compelling. That's what
27:59
Speaker 2: we're doing with Freedom Georgia. All right, now, I'm going
28:05
Speaker 2: to take you guys to the final stage. And I
28:08
Speaker 2: got three minutes before we go to questions, some insight
28:11
Speaker 2: and inspiration. Don't wait for opportunities to come, get up
28:15
Speaker 2: and make them, Madam CJ. Walker. The charter chartering a city. Listen,
28:22
Speaker 2: if you are interested in chartering a city, hit me up.
28:27
Speaker 2: But the reality is, as we begin to be more
28:30
Speaker 2: strategic and work these ideas and principles of group economics
28:34
Speaker 2: and collective economics, and we're building collectively communities that are safe,
28:41
Speaker 2: that are driving the logical next step is a city charter.
28:46
Speaker 2: A city charter is going to open you up for
28:49
Speaker 2: benefits that will give you more control over your community
28:54
Speaker 2: long term. When it comes to how your community is developed, police,
29:01
Speaker 2: the zoning, the ordinances, the health outcomes, how money that
29:05
Speaker 2: gets sent down from the federal government to the state
29:10
Speaker 2: government gets distributed is based on these cities and their
29:16
Speaker 2: populations and density. So we really got to look at
29:21
Speaker 2: how being a city and taking these developments where we're
29:26
Speaker 2: building our own infrastructure, building our own culture of shared values.
29:33
Speaker 2: Then we turn go to the next step, which is
29:36
Speaker 2: a city charter and electing officials who are going to
29:43
Speaker 2: represent our values and do what's best for the residents
29:48
Speaker 2: that live in this city. This is called placemaking is
29:51
Speaker 2: what we're doing. It's not just about land developing. This
29:55
Speaker 2: is about making places where people feel safe, where people
29:59
Speaker 2: have of peace, protection, prosperity, and a city is a
30:04
Speaker 2: government structure that allows that to actually happen. So that's
30:09
Speaker 2: our next step. That's what we're going with this. So
30:11
Speaker 2: get strategic. Work together with your comrades, with your partners,
30:16
Speaker 2: with your like minded business folks in the area, get
30:19
Speaker 2: with your economic development authority, get with your black chambers
30:24
Speaker 2: of commerces, and let's start building these cities according to
30:30
Speaker 2: our needs, our desires. This is how we be strategic.
30:34
Speaker 5: That was powerful.
30:35
Speaker 4: Thank you, Thank you that that was an amazing presentation.
30:38
Speaker 5: So I don't want people to take that likely.
30:42
Speaker 4: It's like, you know, for all the years that we
30:44
Speaker 4: go to school, whether it's elementary, high school, college, even
30:50
Speaker 4: master degree programs. Me personally, I never, you know, was
30:55
Speaker 4: taught the process of buying land and this stuff is.
30:59
Speaker 4: You would think that this would be one of the
31:00
Speaker 4: key things that would consist of an educational experience because
31:05
Speaker 4: we all have to live somewhere and land is the
31:07
Speaker 4: key component of the planet Earth. And it never, it
31:12
Speaker 4: never was actually taught to ninety nine percent of us.
31:16
Speaker 4: So it's amazing that you were able to come on
31:21
Speaker 4: here and teach this and we're thankful, so thank you
31:25
Speaker 4: for that. And you know, it's also amazing that we
31:28
Speaker 4: was able just to even have this platform to actually
31:30
Speaker 4: educate people.
31:32
Speaker 5: And it's the very encouraging thing.
31:34
Speaker 4: And I'm sure everybody is extremely appreciative of it, but
31:37
Speaker 4: do not take it for granted. Sometimes when you when
31:40
Speaker 4: you get things and it's free, you don't fully appreciate it.
31:43
Speaker 4: But it's like, you know, this could have been Harvard,
31:46
Speaker 4: this could have been Yaled, this could have been any
31:48
Speaker 4: any level of education. I would I would argue that
31:52
Speaker 4: this was this was right up there and better than
31:55
Speaker 4: when anybody else could have done, whether Oxford, anywhere in
31:59
Speaker 4: the world. So that's that's extremely powerful. And now, like
32:02
Speaker 4: I said, this kind of information can literally change the
32:05
Speaker 4: trajectory of our you know, existence in this country and
32:11
Speaker 4: is something that we have not known about for hundreds
32:15
Speaker 4: of years, for centuries. So now that we're coming into
32:18
Speaker 4: this information, it's important that a we learn as much
32:22
Speaker 4: as possible, we apply it, and also we work together
32:26
Speaker 4: as a group. So yeah, that's that's something that is
32:29
Speaker 4: extremely extremely powerful. So once again, thank you. So what
32:33
Speaker 4: we're gonna what we're gonna go into now is question
32:35
Speaker 4: answers for about twenty minutes. So once again, if anybody
32:38
Speaker 4: joined late, this is a special edition of eyl University,
32:42
Speaker 4: so once a month, every single month. So with eyl University,
32:46
Speaker 4: we're educational platform. Outside what you see on the podcast,
32:50
Speaker 4: the podcasts are episodes where you learn a lot. This
32:54
Speaker 4: is more of a hands on learning experience. So every
32:58
Speaker 4: single Wednesday at eight o'clock Eastern end of time, we
33:01
Speaker 4: bring experts from the field in and they teach a
33:04
Speaker 4: class via Zoom and it's on everything everything from how
33:08
Speaker 4: to wholesale real estate, to how to analyze the real estate,
33:11
Speaker 4: they'll investing, cryptocurrency, you name it.
33:15
Speaker 5: We've had a class and we're gonna have more classes.
33:18
Speaker 4: And then that's every week, and then every other Sunday
33:22
Speaker 4: is our book club headed up by Troy. And then
33:26
Speaker 4: the alternate Sunday is mg no mortgage guy. He has
33:29
Speaker 4: a real estate call and then once a month I
33:33
Speaker 4: do a financial planning call. So those are all the
33:36
Speaker 4: things that are in existence of Eyo University now right now.
33:40
Speaker 4: But as I said, we're actually we're putting Eyo University,
33:44
Speaker 4: the undergrad Department, as you know it, We're gonna We're
33:46
Speaker 4: gonna end it. This is This will be the last
33:48
Speaker 4: week of Eyo University as you know it. We're taking
33:51
Speaker 4: a winter break for two weeks and then we're coming
33:53
Speaker 4: back in twenty twenty one. We're coming back in twenty
33:55
Speaker 4: twenty one with a whole new, revamped product. We're gonna
33:58
Speaker 4: have a professor sery where we're bringing in experts to
34:02
Speaker 4: teach classes four times a year. So it's not just
34:05
Speaker 4: gonna be one off because sometimes it's hard to learn
34:08
Speaker 4: with just a one off class.
34:09
Speaker 5: So we're gonna do four different classes. This Business is gonna.
34:13
Speaker 4: Teach about taxes, ash Cash, you gonna teach about financial literacy.
34:16
Speaker 4: Brandon Rule will teach about real estates, so Being will
34:18
Speaker 4: teach about all things legal.
34:22
Speaker 5: Quentin Martin will be our investor teacher. Kwame Uncle will teach.
34:28
Speaker 4: About a variety of different business topics, and Credit Do
34:31
Speaker 4: will teach about.
34:33
Speaker 5: The world of credit.
34:36
Speaker 4: And h Ashley I heard might be interested in being
34:40
Speaker 4: a professor also, so I don't want to put her
34:42
Speaker 4: on the.
34:43
Speaker 2: Spot, but I already said I am down, So.
34:49
Speaker 5: Let me ask you this because you're you're a member
34:51
Speaker 5: of eyl University. How has your experience been so far?
34:53
Speaker 5: You just joined a couple of days ago, But howd.
34:55
Speaker 2: Your it was not a couple of days ago. It's
34:57
Speaker 2: been a couple of leagues. Thank you much. Don't trying
35:00
Speaker 2: to play me like I just signed up, Like I
35:02
Speaker 2: just jumped on your bandwagon.
35:04
Speaker 1: Brother.
35:05
Speaker 2: Okay, I actually signed up after I did the first
35:09
Speaker 2: e y L University with y'all. One of my partners,
35:14
Speaker 2: Greg Mullen, shot out to him shout the shout out
35:20
Speaker 2: to cav He's also Erner, So I was like, oh,
35:22
Speaker 2: I can't have Kevin and Greg getting all this good
35:26
Speaker 2: information without me. So yeah, it's been a great experience.
35:32
Speaker 2: Like I've just been going hard in the real estate section.
35:34
Speaker 2: But it's like so many classes, Like I'm not even
35:39
Speaker 2: like it's too much. I'm like it's a lot, Like
35:41
Speaker 2: it's stuff. Though I've watched two classes. I literally sat
35:46
Speaker 2: there like taking notes, and I was blown away by
35:50
Speaker 2: the level of information and insight that I was able
35:54
Speaker 2: to get. As somebody who know a little something, you know,
35:57
Speaker 2: I still was able to learn, which is really cool.
36:00
Speaker 3: Yeah, we're gonna do we always we're always gonna over
36:03
Speaker 3: deliver an under promise. That's that's that's kind of how
36:05
Speaker 3: we live in right now.
36:06
Speaker 5: And it's like the.
36:07
Speaker 4: Most the most successful people always are investing themselves in uh.
36:11
Speaker 4: But actually obviously she's an extremely intelligent person and she's like, yo,
36:15
Speaker 4: I want to be an earner. I'm not I'm not
36:18
Speaker 4: above being a member of Eyo University.
36:20
Speaker 5: And she joined.
36:20
Speaker 4: I didn't even know she was joining. She joined and
36:23
Speaker 4: she became a member, and she she's studying herself. So
36:26
Speaker 4: that's that's dope. And that's that says a lot, So
36:29
Speaker 4: thank you for that. So we're gonna get to questions.
36:31
Speaker 4: But before we do, like I said, this this is
36:34
Speaker 4: the last thing that we're gonna do for ey University.
36:37
Speaker 4: This this uh this year. On Monday, we're changing it
36:40
Speaker 4: and then we're gonna come back January first. If you're
36:43
Speaker 4: interested in joining Eyo University, Like I said, we're revamping
36:46
Speaker 4: this whole thing. We with the revamp, everything is changing,
36:50
Speaker 4: including the price. The price is gonna double because we
36:53
Speaker 4: have we're paying professors now, we got a full time admin.
36:59
Speaker 4: Everything is changing. We're really really taking it to the
37:01
Speaker 4: next level. If you joined today it's forty percent off,
37:05
Speaker 4: which is four hundred dollars, four hundred dollars for the
37:07
Speaker 4: entire year, including seventy classes, all stuff I just named,
37:10
Speaker 4: your grandfathered them for that price next year. And yeah,
37:15
Speaker 4: so this is the last forty eight hours. You got
37:17
Speaker 4: forty eight hours before that changes. So if you're interested,
37:20
Speaker 4: I pinned it in YouTube. It's Eyo University dot Com
37:24
Speaker 4: into promo code freedom at the end at checkout.
37:29
Speaker 5: And I mean, like, realistically, four hundred.
37:32
Speaker 4: Dollars, that's that's like a that's a good dinner with
37:35
Speaker 4: two people in New York City. That's a good dinner,
37:38
Speaker 4: two people, a bottle of wine. So to have this
37:40
Speaker 4: level of education, I think that we there's nothing comparable
37:45
Speaker 4: to it, especially for that price point. I mean, people
37:49
Speaker 4: charge ten thousand dollars, nine thousand dollars for that level
37:52
Speaker 4: of education for a lot less, A lot less.
37:55
Speaker 3: Actually, I always say, man, there's there's no platform that
38:00
Speaker 3: has this much information in so many different areas. Man.
38:03
Speaker 3: So like you said, this is this is this in college.
38:06
Speaker 3: This is like two textbooks that you're not even gonna
38:08
Speaker 3: use because they're gonna give you a new version of
38:10
Speaker 3: it the next semester.
38:11
Speaker 5: So Ashley.
38:13
Speaker 4: Ashley's presentation was a book that was actly like a
38:16
Speaker 4: book like if you if you put that in book form,
38:18
Speaker 4: that's about one hundred and forty.
38:20
Speaker 3: Pages, and that was a scaled down version.
38:23
Speaker 5: Yeah that's crazy. That's crazy.
38:25
Speaker 4: So so yeah, we're interested in having all you guys
38:27
Speaker 4: join is pinned.
38:28
Speaker 5: I'll put it back into YouTube.
38:30
Speaker 4: It's Eyo University dot Com into promo code Freedom, and
38:35
Speaker 4: the price will be doubling. It's the first time the
38:36
Speaker 4: price has ever doubled. But we can do that in
38:39
Speaker 4: good conscious because we're giving you a heads up. So
38:42
Speaker 4: we're giving you a heads up that the price is
38:44
Speaker 4: doubling in two days.
38:48
Speaker 7: My graduates from my school being forced back drop drop
38:54
Speaker 7: Mike drop back drop drop.
39:07
Speaker 8: An illegal alien from Guatemala charged with raping a child
39:11
Speaker 8: in Massachusetts. An MS thirteen gang member from Al Salvador
39:15
Speaker 8: accused of murdering a Texas man of Venezuelan charged with
39:19
Speaker 8: filming and selling child pornography in Michigan. These are just
39:23
Speaker 8: some of the heinous migrant criminals caught because of President
39:27
Speaker 8: Donald J. Trump's leadership. I'm Christy Noman, the United States
39:31
Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border
39:35
Speaker 8: crossings are at the lowest levels ever recorded, and over
39:39
Speaker 8: one hundred thousand illegal aliens have been arrested. If you
39:42
Speaker 8: are here illegally, your next you will be fined nearly
39:46
Speaker 8: one thousand dollars a day, imprisoned, and deported. You will
39:50
Speaker 8: never return. But if you register using our CBP home
39:54
Speaker 8: app and leave now, you could be allowed to return legally.
39:58
Speaker 8: Do what's right, leave now. Under President Trump, America's laws,
40:03
Speaker 8: border and families will be protected.
40:05
Speaker 3: Sponsored by the United States Department of Homeland Security,