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Study Hall: THE DO'S AND DON'TS OF REAL ESTATE · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Never all good in anything in life, right, So, real
• 1:04
  Speaker 3: estate is something that's very popular, very trendy right now,
• 1:08
  Speaker 3: and it's very It has this stigma I think of
• 1:11
  Speaker 3: everybody thinks they're just gonna get rich overnight. Right, and
• 1:13
  Speaker 3: people don't know it's like any business. You know, when
• 1:16
  Speaker 3: you go into business without a plan, your destined to field.
• 1:18
  Speaker 4: Right.
• 1:19
  Speaker 5: So, if you plan to be a real estate investor,
• 1:21
  Speaker 5: and as you said, whether you think you're investor or not,
• 1:23
  Speaker 5: if you're buying a home, you're an investor, but you
• 1:25
  Speaker 5: don't have a plan in place, then you're gonna aid
• 1:28
  Speaker 5: probably make mistakes and worst Populca scenario, you're gonna fail. Correct, Right,
• 1:32
  Speaker 5: So this dudes and don'ts involve right absolutely? Can you
• 1:35
  Speaker 5: just talk about some dudes and don'ts in the real
• 1:38
  Speaker 5: estate game.
• 1:38
  Speaker 6: Yeah, there's tons of them. Right, but if your first
• 1:41
  Speaker 6: time home by one of the don'ts I tell people
• 1:43
  Speaker 6: is especially if you're in the application process, you found
• 1:47
  Speaker 6: the house, you're in contract, don't open their debt, don't
• 1:52
  Speaker 6: buy your Mercedes bends before you go to closing. Don't
• 1:56
  Speaker 6: change your jobs. You know, don't do something that would
• 1:59
  Speaker 6: impact you in a negative way to turn your approval
• 2:03
  Speaker 6: to a decline. Right, And most people you think is
• 2:06
  Speaker 6: common sense, right, but common sense is not common Unfortunately.
• 2:10
  Speaker 4: You're not true.
• 2:11
  Speaker 7: Most people like they don't realize, Like when you apply
• 2:13
  Speaker 7: for a card, they do a credit shure, then they
• 2:15
  Speaker 7: have to put your credit.
• 2:16
  Speaker 4: That they don't realize. When you go for a car,
• 2:18
  Speaker 4: they may pull your credit with ten other banks to shop.
• 2:21
  Speaker 6: Right, see what's the best deal for for the auto
• 2:24
  Speaker 6: finance company, not for you as the consumer.
• 2:27
  Speaker 4: Right now, that affects your credit score, and it affects
• 2:29
  Speaker 4: your credit card brings you down.
• 2:31
  Speaker 6: I mean, I've had situations where people applied and purchased
• 2:34
  Speaker 6: Mercedes Benz a week before closing. I've had people who
• 2:37
  Speaker 6: got cold credit cards just because it was colds box involved.
• 2:42
  Speaker 4: Say.
• 2:43
  Speaker 6: You know what I'm saying, Well, I'm like, what are
• 2:45
  Speaker 6: you doing? You couldn't wait to get the bed sheets
• 2:47
  Speaker 6: the house yet, so you don't. What I try to
• 2:50
  Speaker 6: tell people is this, when you're in contract, you don't
• 2:54
  Speaker 6: own that house just because you're in contract, just because
• 2:56
  Speaker 6: you have a loan commitment.
• 2:58
  Speaker 4: Do not get happy.
• 2:59
  Speaker 6: Do not make any changes that can affect you in
• 3:01
  Speaker 6: a negative way, because you can get declined just as
• 3:04
  Speaker 6: quick as you got to prove right, and the underwriters
• 3:07
  Speaker 6: are always looking for a reason to decline you. So
• 3:10
  Speaker 6: you have to be squeaky clean. Don't be moving money around.
• 3:13
  Speaker 6: That's another big thing. Do not move money around. Keep
• 3:16
  Speaker 6: your money in one account. Stop doing your sou suits
• 3:18
  Speaker 6: and putting here and doing this and doing that.
• 3:21
  Speaker 4: You know what I'm saying, don't do it. Don't put
• 3:23
  Speaker 4: the mattress money in there.
• 3:24
  Speaker 6: No, like, leave your accounts alone, because now we start
• 3:28
  Speaker 6: seeing money moving around. That's red flags. Now we have
• 3:31
  Speaker 6: to document, We have to see where this money is
• 3:33
  Speaker 6: coming from. If you can't document that money, then we
• 3:36
  Speaker 6: can't use it, right, and I can blow up your
• 3:37
  Speaker 6: deal too. So the don'ts is it's just keep still,
• 3:42
  Speaker 6: you know, keep still, relaxed. You're almost at the closing table,
• 3:46
  Speaker 6: and when you close, you can do whatever the hell
• 3:48
  Speaker 6: you want to do.
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  Speaker 4: Right.
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  Speaker 6: Another one of the don'ts I would say for first
• 3:53
  Speaker 6: time investors right, stop thinking you don't need money. You
• 3:57
  Speaker 6: need money, right. If you're looking to host sell real estate,
• 4:00
  Speaker 6: then maybe you don't need money right because you're signing contracts.
• 4:04
  Speaker 6: But if you're looking to do buy and flips, or
• 4:06
  Speaker 6: if you're looking to do buy and holds, you're gonna
• 4:08
  Speaker 6: need capital.
• 4:09
  Speaker 4: Right.
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  Speaker 6: There's many ways you can get capital. I mean, you
• 4:12
  Speaker 6: spoke about it at my workshop. You can do self
• 4:14
  Speaker 6: directed I raise, you can borrow from your four to
• 4:16
  Speaker 6: one k. You can you can raise capital with a
• 4:19
  Speaker 6: group of friends. What I'm starting to see right now
• 4:22
  Speaker 6: is becoming more popular. But people are co owning properties together,
• 4:26
  Speaker 6: you know, moving into multi family working together. You know
• 4:29
  Speaker 6: a lot of different cultures co own right.
• 4:31
  Speaker 3: But can you talk about that collaboration because I'm talking
• 4:34
  Speaker 3: about collaboration in business absolutely, actually last week's so now,
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  Speaker 3: but collaboration and real estate, yeah, something that is very key,
• 4:42
  Speaker 3: very important leverage.
• 4:43
  Speaker 5: Can you just talk about that?
• 4:44
  Speaker 2: Yeah?
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  Speaker 6: Absolutely, Collaboration is greater than competition. I speak about this often.
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  Speaker 6: That's why we're here right now, because we're collaborating because
• 4:53
  Speaker 6: it doesn't make sense to compete, and when we all have
• 4:55
  Speaker 6: something that we could bring to the table. So if
• 4:57
  Speaker 6: your first time home buying, let's just say your brother
• 5:00
  Speaker 6: is the first time home buy and you both want
• 5:02
  Speaker 6: to be in that same area, why go buy two
• 5:03
  Speaker 6: single families? Why not go buy a four family together,
• 5:06
  Speaker 6: live on each floor, and now you have two rental
• 5:08
  Speaker 6: incomes and now you both can probably live for free
• 5:10
  Speaker 6: or pay minimum together. Now you can split that equity
• 5:14
  Speaker 6: when it's time to sell or buy each other out.
• 5:16
  Speaker 6: With real estate investing, you don't need to be one
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  Speaker 6: hundred percent owner. I think that's the biggest misconception that
• 5:22
  Speaker 6: people think, Like, if you're going to we all can.
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  Speaker 6: We can collaborate and create a business structure, a joint
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  Speaker 6: venture business structure and put our money up and it
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  Speaker 6: doesn't have to be equal, right, as long as it's
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  Speaker 6: equals to one hundred percent at the end of the day,
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  Speaker 6: that's all that matters. You can be eighty percent owner
• 5:39
  Speaker 6: and we can both have ten percent ownership, right because
• 5:41
  Speaker 6: we're bringing something to the table, but that would be
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  Speaker 6: our portion of the net rental income or of the
• 5:47
  Speaker 6: proceeds after sale ten percent eighty percent per to you
• 5:51
  Speaker 6: because you're bringing the capital, right, But we may be
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  Speaker 6: the operators and you don't know how to operate, right.
• 5:56
  Speaker 6: So it's all a matter of what do you bring
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  Speaker 6: to the table to collect, elaborate to make yourself valuable
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  Speaker 6: for where someone wants.
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  Speaker 4: To put you included into that business.
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  Speaker 7: And you said something important, you said, coachally, you're not
• 6:08
  Speaker 7: seeing that happen.
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  Speaker 4: No, it doesn't happens. We have ego.
• 6:11
  Speaker 7: Yeah, from a client based standpoint, what are you seeing
• 6:14
  Speaker 7: out there?
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  Speaker 6: Like, why what's holding us back? We hold ourselves back.
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  Speaker 6: You know what I'm saying, like, we want to be
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  Speaker 6: the top shotter, we want to.
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  Speaker 4: Be the midlin. This is minds right.
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  Speaker 6: We have that ego, that mentality, that fucking sense of
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  Speaker 6: entitlement that we deserve everything under the blue sun, which
• 6:32
  Speaker 6: we do. But if you ain't working hard towards it,
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  Speaker 6: then why you have the sense of entitlement?
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  Speaker 4: For number one? But I don't know why we don't
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  Speaker 4: collaborate more.
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  Speaker 6: It's sad that I see a lot of people in
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  Speaker 6: our community are not collaborating. But also on the flip side,
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  Speaker 6: when I'm starting to notice the trend, especially if you
• 6:51
  Speaker 6: look at you know, what they call black Twitter or
• 6:52
  Speaker 6: black social media, You're starting to see the uplifting. You're
• 6:55
  Speaker 6: starting to see people coming together and starting to do
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  Speaker 6: more together. So I think that cycle it's going to
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  Speaker 6: start getting broke down. From our ownership perspective. I'm starting
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  Speaker 6: to see family members now in our community buying homes together.
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  Speaker 4: You know, living in the homes together.
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  Speaker 6: You know, you don't need, you know, to have a
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  Speaker 6: five thousand square foot home and it's just you and
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  Speaker 6: your girlfriend right now. If you and your girlfriend, the
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  Speaker 6: parents can all move in even if you want to
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  Speaker 6: get the single feeling, right, you know what, we spliting
• 7:23
  Speaker 6: that mortgage four ways. Now it's more affordable, and now
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  Speaker 6: we're able to save more and invest together.
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  Speaker 7: So I think that, I mean, that's a personal story
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  Speaker 7: for me. Like that literally is my mouml model right now.
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  Speaker 7: Like I own a home with my dad and it's
• 7:35
  Speaker 7: easier for us because obviously it lessons a burden on me,
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  Speaker 7: but it also puts me in a position there whereas
• 7:41
  Speaker 7: you know, they're older in age, it's easy for me
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  Speaker 7: to take care of rather than having them grow in
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  Speaker 7: age and having them put them in or having them
• 7:48
  Speaker 7: go into a home. They're here, I can take care
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  Speaker 7: of them and it works.
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  Speaker 4: No, I think it's I think it's a it's a
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  Speaker 4: perfect situation for you to go on. I know, someone
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  Speaker 4: like myself.
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  Speaker 6: When I've purchased my first home thirteen fourteen years ago,
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  Speaker 6: I didn't want to live with nobody.
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  Speaker 4: You're kidding me. Forgot to hear nobody's going to live
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  Speaker 4: with me?
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  Speaker 6: Right, But now as I've grown older and I've matured,
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  Speaker 6: it's more so, like, you know what, that's the best
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  Speaker 6: way to do it, because people just can't afford to
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  Speaker 6: live on their own no more, and people are struggling.
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  Speaker 6: People are living paycheck to paycheck in New York. If
• 8:23
  Speaker 6: you're making one hundred k, you're broke. I'm starting to
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  Speaker 6: see a lot more in our community where people are
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  Speaker 6: co on it because people just don't they don't.
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  Speaker 4: Have that the resources.
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  Speaker 6: You know, we qualify people off your gross income, right,
• 8:36
  Speaker 6: but you live your life off your net income, and
• 8:39
  Speaker 6: if you make one hundred k gross, that's really like
• 8:41
  Speaker 6: fifty five sixty thousand.
• 8:42
  Speaker 4: Netpen on what states, depending on taxes and what state
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  Speaker 4: you're in.
• 8:46
  Speaker 6: Right, But if you're talking about thirty five forty percent,
• 8:48
  Speaker 6: if you're making that type of money, I mean, that's
• 8:52
  Speaker 6: what we're qualify with confie off.
• 8:53
  Speaker 4: That bigger number. So for me, it's like if you
• 8:56
  Speaker 4: can barely qualify your app.
• 8:59
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• 10:49
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 10:53
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 10:57
  Speaker 1: accused of murdering a Texas man. Swalen charged with filming
• 11:01
  Speaker 1: and selling child pornography in Michigan. These are just some
• 11:05
  Speaker 1: of the heinous migrant criminals caught because of President Donald J.
• 11:09
  Speaker 1: Trump's leadership. I'm Christy Noman, the United States Secretary of
• 11:13
  Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
• 11:18
  Speaker 1: at the lowest levels ever recorded, and over one hundred
• 11:21
  Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,
• 11:26
  Speaker 1: your next you will be fined nearly one thousand dollars
• 11:29
  Speaker 1: a day, imprisoned, and deported. You will never return. But
• 11:33
  Speaker 1: if you register using our CBP home app and leave now,
• 11:37
  Speaker 1: you could be allowed to return legally. Do what's right,
• 11:41
  Speaker 1: leave now. Under President Trump America's laws Border and families will.
• 11:46
  Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
• 11:49
  Speaker 4: A max that to income ratio of gross income.
• 11:53
  Speaker 6: You really can't afford it because they're not taking consideration
• 11:56
  Speaker 6: your auto assurance, your childcare, those things of that nature
• 12:01
  Speaker 6: that don't report on your credit reports. So you have
• 12:03
  Speaker 6: to be smart, is what the message that I'm preaching
• 12:06
  Speaker 6: the people now is, like, you know, be.
• 12:08
  Speaker 4: Smart about this decision.
• 12:09
  Speaker 6: And that's why I preach multifamily and invest in as
• 12:13
  Speaker 6: a primary residence. First, it's just find a single family
• 12:15
  Speaker 6: home because you really can't afford it, you know, and
• 12:18
  Speaker 6: you're a recipe for foreclosure. God forget you get sick,
• 12:22
  Speaker 6: God foriget you get laid off. Like how are we
• 12:24
  Speaker 6: going to pick your longage?
• 12:24
  Speaker 3: And one of the things before before we finish, is
• 12:27
  Speaker 3: that you had mentioned before off camera that it's important
• 12:30
  Speaker 3: to have a strategy. Absolutely people like you go from
• 12:33
  Speaker 3: like two to three to four. Can you just kind
• 12:35
  Speaker 3: of explain that.
• 12:36
  Speaker 6: Yeah, I mean, listen, everything is strategy, no matter your
• 12:39
  Speaker 6: first time, first time home buyer, you bund your second home,
• 12:43
  Speaker 6: move up home, you got to have a strategy.
• 12:45
  Speaker 4: Right for tax purposes, you need a tax strategy.
• 12:47
  Speaker 6: That's why I speak a lot about tax strategy, insurance strategy.
• 12:51
  Speaker 4: We've had that conversation several times.
• 12:53
  Speaker 6: So what I try to tell people go down right
• 12:57
  Speaker 6: four three to one, because if you do it properly,
• 13:01
  Speaker 6: you will be able to use minimum down pay for
• 13:04
  Speaker 6: four units four units, three unit, two units.
• 13:07
  Speaker 3: So the first home should be a four unit home, correct.
• 13:11
  Speaker 3: Then you move out of that, you get the three
• 13:13
  Speaker 3: union home. Keep them, you keep them, but you keep
• 13:16
  Speaker 3: keeping it the whole time.
• 13:17
  Speaker 4: Keeping.
• 13:18
  Speaker 5: Then you go from three to two. Yeah, and then
• 13:20
  Speaker 5: now you can buy your dream home. Now you can
• 13:22
  Speaker 5: buy your dream all those now other homes that's paying for.
• 13:26
  Speaker 4: You got to drink about it, right.
• 13:28
  Speaker 6: You just accumulated probably what's that seven nine, nine doors
• 13:33
  Speaker 6: in a matter.
• 13:33
  Speaker 4: Of a couple of years. So if you're making five
• 13:36
  Speaker 4: hundred dollars.
• 13:37
  Speaker 6: Profit a door, you know, now your your your single
• 13:40
  Speaker 6: family dream home is paid for.
• 13:43
  Speaker 4: It's really your dream home. It's not like this is
• 13:45
  Speaker 4: what I can afford. It not what I can afford
• 13:47
  Speaker 4: right now. It's like we sacrifice for the first five
• 13:49
  Speaker 4: years of our real estate journey, right, and we went multi.
• 13:53
  Speaker 6: Families and moved our way down and we did it
• 13:55
  Speaker 6: strategically we're not sitting here buying in the best.
• 13:59
  Speaker 4: Neighborhood on buying our multis.
• 14:00
  Speaker 6: We're buying in areas that we can feel comfortable and
• 14:03
  Speaker 6: safe and and living for a year, and then we're
• 14:05
  Speaker 6: moving out and moving into a little bit step up
• 14:08
  Speaker 6: her neighborhood, but going down the units because from an
• 14:10
  Speaker 6: underwriting perspective, it has to make sense for you moving.
• 14:14
  Speaker 4: From one multi family to another multi family.
• 14:17
  Speaker 6: You can't buy a four family and three family on
• 14:20
  Speaker 6: the same block and say I'm moving from one house
• 14:22
  Speaker 6: to another, right, That doesn't make it.
• 14:24
  Speaker 3: So that's a play, like to move to a decent
• 14:26
  Speaker 3: neighborhood and just keep moving up in neighborhoods, just keep moving.
• 14:28
  Speaker 5: That's another thing too.
• 14:29
  Speaker 3: Parents, they're like, I want to move in the best
• 14:31
  Speaker 3: possible neighborhood right away where my kid is like one
• 14:34
  Speaker 3: years old because.
• 14:34
  Speaker 5: I went to school district. But one year is not
• 14:37
  Speaker 5: going to make that big difference, right.
• 14:38
  Speaker 4: Not at all. But it's not going to start to five.
• 14:40
  Speaker 6: Listen, the kid is not going to start the five.
• 14:43
  Speaker 6: I have a four year old, right, and she is
• 14:44
  Speaker 6: she'll be five this year. She's going to kindergarten, right,
• 14:47
  Speaker 6: I asked her every day with your line in school,
• 14:52
  Speaker 6: and the answer changes every single day, right, like and
• 14:55
  Speaker 6: then sometimes that I have nothing to do with school,
• 14:58
  Speaker 6: like okay, maybe right, So you.
• 15:00
  Speaker 4: Got to really think about it. Why are you going
• 15:01
  Speaker 4: to go to that best school district?
• 15:03
  Speaker 6: And the best school district in our areas come with
• 15:06
  Speaker 6: fifteen twenty.
• 15:07
  Speaker 4: Thousand in property taxes?
• 15:10
  Speaker 6: Right and now with the new tax laws, you can
• 15:12
  Speaker 6: only ride off ten thousand.
• 15:14
  Speaker 4: You can't ride off the whole amount.
• 15:16
  Speaker 6: The more so everything has to be strategy and you
• 15:19
  Speaker 6: have to know your tax laws and you have to
• 15:20
  Speaker 6: keep up with it.
• 15:21
  Speaker 4: Right, So why go to that best.
• 15:23
  Speaker 6: Neighborhood if you really don't need the school district right now,
• 15:26
  Speaker 6: why don't you go to the okay neighborhood that you're
• 15:28
  Speaker 6: safe in? Get the multifamily because while your child is growing,
• 15:32
  Speaker 6: you could be growing too, but in your real estate portfolio.
• 15:35
  Speaker 6: And now when it's time, maybe I don't even think
• 15:38
  Speaker 6: kindergarten you need to be in the best school district.
• 15:40
  Speaker 6: That's just my opinion. Maybe not even until they get
• 15:42
  Speaker 6: to you known, sixth or seventh grade is when their
• 15:46
  Speaker 6: brains really start retaining stuff. In my opinion is now
• 15:49
  Speaker 6: you probably want to go to that best school district
• 15:51
  Speaker 6: and then by that time you probably accumulated you know,
• 15:54
  Speaker 6: three four assets that now can help pay for them.
• 15:57
  Speaker 3: It's the same like with people in private school time.
• 16:00
  Speaker 3: People will send their private kids at private school in
• 16:02
  Speaker 3: like middle school because they only.
• 16:04
  Speaker 5: Pay the price of private school in second grade.
• 16:07
  Speaker 3: Yeah, so they save and then by the time they
• 16:09
  Speaker 3: get to like sixth grade, seventh grade, now they put
• 16:12
  Speaker 3: their kids in private school.
• 16:13
  Speaker 6: And I have folks that love private school right versus
• 16:16
  Speaker 6: public grade. But then why you're going to buy the
• 16:18
  Speaker 6: house that comes with fifteen thousand and taxes public if
• 16:23
  Speaker 6: you're not going to send the public because the majority
• 16:24
  Speaker 6: of your taxes are school taxes, you know what I'm saying,
• 16:27
  Speaker 6: So like, why are you going to pay out of
• 16:29
  Speaker 6: the fifteen grand, probably ten grand is going to the school,
• 16:31
  Speaker 6: but you're still paying probably ten fifteen k a year
• 16:34
  Speaker 6: in tuition at.
• 16:35
  Speaker 4: The same time, So and you can't write it all
• 16:37
  Speaker 4: off no more? So why do it? Right? It doesn't
• 16:40
  Speaker 4: make any sense.
• 16:40
  Speaker 6: Even if you go with the star program, the stock
• 16:42
  Speaker 6: programs are only going to save you a couple of dollars.
• 16:45
  Speaker 4: For those who don't know what's star, the Star program
• 16:48
  Speaker 4: saves you on school taxes.
• 16:50
  Speaker 6: Right, It used to come off the gross on your taxes.
• 16:55
  Speaker 6: Now they send you a check at the end of
• 16:57
  Speaker 6: the year, so it doesn't really help you. During the
• 16:59
  Speaker 6: court of the year you get reimbursed or refunded. That's
• 17:03
  Speaker 6: that's savings. But that's the savings is only like two grands.
• 17:06
  Speaker 6: So I mean two grand versus fifteen grand. It's like
• 17:09
  Speaker 6: pennies on the dollar. When you it's a penny save,
• 17:12
  Speaker 6: is a penny earned too at the same time, but
• 17:14
  Speaker 6: it doesn't really help you in the grand scheme of things.
• 17:17
  Speaker 6: So what I try to tell people is just and
• 17:19
  Speaker 6: just be smart because you got to pay that mortgage
• 17:22
  Speaker 6: every month.
• 17:22
  Speaker 4: And the mortgage man don't care.
• 17:24
  Speaker 6: They want their money and if they don't get your money,
• 17:26
  Speaker 6: they're gonna wind up foreclosing on you at some point.
• 17:28
  Speaker 4: So just be smart. Move a strategy.
• 17:30
  Speaker 6: Start with rental properties first, because the rental properties can
• 17:34
  Speaker 6: pay for your asset. Like dj Envy ncs of both
• 17:36
  Speaker 6: say at their seminos, right, which I love that they say.
• 17:39
  Speaker 6: You know MBS flashy like he love his cars, right,
• 17:42
  Speaker 6: we all know that if you follow him, he's always
• 17:44
  Speaker 6: buying some rose Royce or something. But he said flat out,
• 17:47
  Speaker 6: I don't buy this unless I have an asset that
• 17:49
  Speaker 6: can pay for it. So I'm not paying for it.
• 17:52
  Speaker 6: I'm paying for the asset assets overliabilities, right, shameless assets
• 17:59
  Speaker 6: of reliability these people. But he's buying the asset to
• 18:02
  Speaker 6: pay for the rolls Royce. You know we have that
• 18:05
  Speaker 6: same opportunity. You know, these guys are part of the
• 18:07
  Speaker 6: one percent club. Great, we all have that ability to
• 18:11
  Speaker 6: do the same thing. Even if we're not part of
• 18:13
  Speaker 6: the one percent. We can develop the one percent mentality.
• 18:16
  Speaker 6: That's all we need. So that's when you ask me,
• 18:18
  Speaker 6: where do we first start? Right here, the mentality is
• 18:21
  Speaker 6: the first place that we need to start. Develop that
• 18:24
  Speaker 6: one percent mentality. Develop a strong team, develop your one
• 18:28
  Speaker 6: percent dream team. You know you need guys like me,
• 18:30
  Speaker 6: You need guys like Shah. You need financial planning, you
• 18:33
  Speaker 6: need to understand tax planning, You need all of these
• 18:36
  Speaker 6: these these key team players to guide you to know
• 18:40
  Speaker 6: your overall strategy. Because if you just go to in
• 18:43
  Speaker 6: my business, what I like to call him order takers.
• 18:45
  Speaker 6: You know, it's like going to McDonald's. You want fries
• 18:47
  Speaker 6: with that right, If you go to a regular loan office.
• 18:49
  Speaker 6: So they're not asking you questions. They're just thinking to
• 18:52
  Speaker 6: get you pre approved today to buy that house today,
• 18:54
  Speaker 6: but they're not trying to gather the long term your
• 18:57
  Speaker 6: long term goals. So when someone comes to me, I'm
• 19:00
  Speaker 6: asking these questions because I want to know who are
• 19:02
  Speaker 6: you number one?
• 19:03
  Speaker 4: And what do you want to deal with your life?
• 19:04
  Speaker 6: Because if you tell me, hey, I want to buy
• 19:06
  Speaker 6: this house, but then at the same time you say
• 19:09
  Speaker 6: I want in basketball, you're contradicting yourself. You got to
• 19:11
  Speaker 6: kind of pick your poison and figure out what's the
• 19:13
  Speaker 6: best route. And I can only tell you my opinion,
• 19:17
  Speaker 6: my advice. This is what you qualify for. I'm gonna
• 19:19
  Speaker 6: lead you to the water, but it's up to you
• 19:21
  Speaker 6: to drink at the end of the day.
• 19:47
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 19:50
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 19:54
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 19:59
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 20:03
  Speaker 1: some of the heinous migrant criminals caught because of President
• 20:06
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 20:10
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 20:15
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 20:18
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 20:22
  Speaker 1: are here illegally, your next you will be fine nearly
• 20:26
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 20:30
  Speaker 1: never return. But if you register using our CBP home
• 20:33
  Speaker 1: app and leave now, you could be allowed to return legally.
• 20:37
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 20:42
  Speaker 1: border and families will be protected.
• 20:45
  Speaker 2: Sponsored by the United States Department of Homeland Security,