Latest / Motion and Success / She Built a 7-Figure Empire as a Section 8 Real Estate Investor Ft. Dana Christian

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She Built a 7-Figure Empire as a Section 8 Real Estate Investor Ft. Dana Christian · Motion and Success

0:00
[SPEAKER_05]: when I need a two boxes of pamphlets for my daughters.
0:02
[SPEAKER_05]: And I need to have enough money for one box of pamphlets.
0:04
[SPEAKER_05]: And I went in the bathroom and I started crying.
0:07
[SPEAKER_05]: I was about to slip my wrist.
0:08
[SPEAKER_05]: And my oldest daughter banging on the bathroom door crying.
0:11
[SPEAKER_05]: And I said to myself, like, if I kill myself, who's gonna take care of them?
0:15
[SPEAKER_03]: High kids early lived in the projects, but you still figured out real estate, which now you could pass on and free.
0:23
[SPEAKER_00]: Then a Christian went from bankruptcy to eighty-six cash flowing units.
0:28
[SPEAKER_00]: Using strategies, even first time investors can replicate.
0:31
[SPEAKER_05]: I found bankruptcy in two thousand, and I was working at the post office.
0:37
[SPEAKER_05]: They have anything to do with the post office, but I got arrested so the post office put me out on suspension, while my court case was going on.
0:43
[SPEAKER_05]: So it took like two and a half years.
0:45
[SPEAKER_05]: During that time, I lived up for my credit cards.
0:47
[SPEAKER_02]: I didn't even know about the story where you had to file bankruptcy, you know, a few years back.
0:51
[SPEAKER_02]: But it goes to show that you know, you can get started and start investing into real estate, wherever you are.
0:57
[SPEAKER_05]: Yeah, I had a mentee that was eighty six years old.
1:00
[SPEAKER_05]: That brought a property.
1:01
[SPEAKER_05]: And she was like, that I want to lead some real estate to my family.
1:06
[SPEAKER_05]: So she was like, I'm not too, I'm not giving up.
1:09
[SPEAKER_05]: So I get this property and she got her property.
1:11
[SPEAKER_05]: Believe that you can invest in real estate, take the chance on yourself for your kids, fix your credit, and make it happen.
1:18
[SPEAKER_02]: A lot of people might not know what they may know when a maxed out credit card around seventy five, eighty thousand dollars or like eight hundred dollars a month.
1:25
[SPEAKER_05]: Fix your credit because you can get access to so much money.
1:29
[SPEAKER_02]: What's your go-to strategy when it comes to investing?
1:32
[SPEAKER_05]: So my go-to strategy is
1:36
[SPEAKER_03]: All right, guys.
1:37
[SPEAKER_03]: So before we jump into the episode, just want to make a big announcement.
1:40
[SPEAKER_03]: We just launched a motion and success community guys.
1:43
[SPEAKER_03]: So in this community, we're going to be giving you the game on content.
1:46
[SPEAKER_03]: Basically, how to grow your profile from zero to a hundred k and under a year, as well as how to make money online, getting leads for your business.
1:53
[SPEAKER_02]: more customers, more money.
1:54
[SPEAKER_02]: Also, for the motionist success podcast, one of the things that I realized we're attracting a lot of entrepreneurs, business owners and people that are just starting up their business and they're looking to start growing their business and scaling.
2:05
[SPEAKER_02]: One of the key factors to growing the business is by borrowing capital.
2:09
[SPEAKER_02]: So now, when you're going out to certain banks, there's certain things that you need to do to be able to get funding for your business, to be able to start, grow and scale what you got going on and take things to the moon.
2:19
[SPEAKER_02]: So if you're looking to go out and start growing and scaling your business like a lot of our guests has been doing, I'm going to teach you how to go out and get access to capital, access to credit cards, lines of credit, loans, things that are in nature to start where you can start growing your business.
2:33
[SPEAKER_02]: Sometimes you might just need an extra fifty thousand.
2:36
[SPEAKER_02]: Sometimes it might be a hundred thousand.
2:38
[SPEAKER_02]: But listen, check us out inside the community.
2:40
[SPEAKER_02]: Go ahead and click the link down below and book a call with us and I'm going to see you guys inside the community and enjoy the rest of the episode.
2:46
[SPEAKER_02]: Alright y'all so welcome back to another episode of Motion and Success.
2:50
[SPEAKER_02]: Listen guys, my name is Cody Brown and I got my co-host with me.
2:53
[SPEAKER_03]: It's IO and y'all.
2:54
[SPEAKER_03]: We back with another fantastic episode.
2:56
[SPEAKER_03]: We got a special special guest today, bro.
2:59
[SPEAKER_02]: I could not disagree with that statement, bro.
3:02
[SPEAKER_02]: So here, here, here, listen, this is going to be an episode where you're going to be able to learn exactly how to find properties, how to be able to start making money on, you know, in real estate, consistent passive income, how to be able to start investing into section eight properties and
3:20
[SPEAKER_02]: Possibly a little a-ass stuff.
3:22
[SPEAKER_02]: I don't believe my attention to it, but how to be able to make it life easier as a real estate investor or even a beginner.
3:28
[SPEAKER_02]: So listen, this is gonna be an episode where motion and success is interviewing Dana Christian.
3:34
[SPEAKER_02]: Dana, thank you for joining us on the podcast.
3:38
[SPEAKER_02]: I think this is not kind of lower
3:40
[SPEAKER_02]: redo, but you know, last time we was going to do this, you ended up traveling up and we didn't get the chance.
3:46
[SPEAKER_02]: But we're here today.
3:47
[SPEAKER_02]: Yes.
3:47
[SPEAKER_02]: Which is a blessing.
3:48
[SPEAKER_02]: Yes.
3:49
[SPEAKER_02]: So thank you.
3:50
[SPEAKER_02]: Go ahead and introduce yourself.
3:51
[SPEAKER_02]: Tell the people who you are.
3:52
[SPEAKER_02]: And then we can get started from there.
3:54
[SPEAKER_05]: So I am Dana Christian.
3:56
[SPEAKER_05]: I'm a real estate investing coach who specializes in out of state section.
3:59
[SPEAKER_05]: They properties using business credit cards.
4:01
[SPEAKER_05]: And I've been doing it since, why have been investing since, two thousand six, but started using business credit cards in two thousand eighteen.
4:09
[SPEAKER_02]: I remember, and I was just telling Danny, I'm like, yo, listen to it.
4:12
[SPEAKER_02]: At one point, she used to have this eye, where it's almost like a whole deck of cards, literally really.
4:18
[SPEAKER_02]: And there's deck of cards, she's like, yo, this is exactly how you're going to take this fund in.
4:22
[SPEAKER_02]: And if that's in the real estate, I'm like, yo, she might use it.
4:26
[SPEAKER_05]: So you haven't seen the three baggies that I hold on to.
4:29
[SPEAKER_02]: I haven't seen it yet.
4:33
[SPEAKER_02]: So you know, she all run all these credit cards to be able to purchase a property and Free houses using other people money Wow, okay, okay
4:46
[SPEAKER_03]: Yeah, so let's definitely jump into it.
4:49
[SPEAKER_03]: You know, I'm excited about this one.
4:50
[SPEAKER_03]: I do want to start with the backstory, you know.
4:56
[SPEAKER_03]: Of course, you know, we did our research, you know, you got amazing backstory because you just tell the people like, you know, a little bit about your backstory upbringing.
5:05
[SPEAKER_05]: Okay.
5:06
[SPEAKER_05]: So I grew up in New York City projects, single family home at the age of seventeen.
5:11
[SPEAKER_05]: I had two children, same father, right?
5:15
[SPEAKER_05]: But they father was on drugs.
5:17
[SPEAKER_05]: So I basically took care of by myself.
5:20
[SPEAKER_05]: You know, in the nineteen eighties, that was the crack error.
5:23
[SPEAKER_05]: Stuff like that.
5:24
[SPEAKER_05]: I dropped out of high school because I was pregnant with my first daughter and got pregnant a year later with my second daughter.
5:31
[SPEAKER_05]: And I remember one night, and I like to tell the stories because people wanted to know, like, what was your drive?
5:37
[SPEAKER_05]: You know, when you think about it, and I would say, you know, why?
5:41
[SPEAKER_05]: And I remember one night when I needed two boxes of pamphlets from my daughters, and I knew how to enough money from one box of pamphlets.
5:49
[SPEAKER_05]: And I went in the bathroom and I started crying.
5:52
[SPEAKER_05]: I was a kid with kids.
5:55
[SPEAKER_05]: And I was about to slip my wrist and my oldest daughter banging on the bathroom door crying and I said to myself like if I kill myself, who's gonna take care of them?
6:03
[SPEAKER_05]: So I came out the bathroom, picked them in the shoulder and proceeded to go to the store.
6:08
[SPEAKER_05]: While I'm walking to the store, I'm looking at them like who I'm buying pamphlets for?
6:11
[SPEAKER_05]: A large box from my oldest daughter or a small box from my youngest daughter?
6:16
[SPEAKER_05]: I get in the store about medium box.
6:18
[SPEAKER_05]: That means it's too big for one child and too small for the other.
6:22
[SPEAKER_05]: But at that point I realized that nobody was coming to save me and I had to do what I needed to do to take care of my kids and live by any means necessary.
6:31
[SPEAKER_05]: So I was receiving public assistance and I had a sister that was one year older than me.
6:36
[SPEAKER_05]: So I went across the street to Kentucky Fried Chicken, the platform job, and I worked under her name.
6:45
[SPEAKER_05]: Yeah, so you know from that point it was like, just doing what I needed to to take care of the kids, whether it was working three jobs, transport and drugs out of state, just
6:56
[SPEAKER_05]: making sure my kids didn't struggle and people were asked my daughters like let me hear a struggle story they don't have one and my my youngest daughter and you know sometimes she teaches and she was like I don't have a struggle story and I feel good because I was a teenage mom but I made sure they didn't know that struggle but there was a way of all the things I went through and did but they don't have a struggle story
7:23
[SPEAKER_03]: Well, that's amazing.
7:25
[SPEAKER_03]: Did you have like, you know, especially like raising kids early?
7:30
[SPEAKER_03]: Did you have like, did you give yourself like a time, a time that just be like, I need to get my stuff together before these kids get older?
7:38
[SPEAKER_05]: I just wrote, I just always wrote, like working two and three jobs just to take care of them and just never thought about it, right?
7:46
[SPEAKER_05]: Because I think that's what a lot of people get stuck.
7:48
[SPEAKER_05]: They think too much about their current situation and I just keep on moving and just have to figure out what do I need to do?
7:55
[SPEAKER_05]: to take care of.
7:56
[SPEAKER_05]: So like always you know, working like I said, working three jobs and then like in nineteen ninety six, I started working for the post office.
8:03
[SPEAKER_05]: So that definitely eased up some pressure because the post office paid well until like two thousand six when I had anxiety attack.
8:11
[SPEAKER_05]: And that's what started me investing in real estate because I wanted to leave the post office.
8:15
[SPEAKER_02]: We should encourage the anxiety attack.
8:17
[SPEAKER_05]: I just hated the job.
8:19
[SPEAKER_05]: I just hated the job.
8:21
[SPEAKER_05]: I used to work overnight.
8:23
[SPEAKER_05]: And I used to wake up.
8:24
[SPEAKER_05]: I was like, oh, I can't wait to retire.
8:26
[SPEAKER_05]: Meanwhile, I'm rushing my life for long instead of really enjoying my life.
8:31
[SPEAKER_05]: And I'm like, what can I do?
8:32
[SPEAKER_05]: I didn't drop time to school the ninth grade.
8:34
[SPEAKER_05]: On the experience that I had was really as a cash share.
8:36
[SPEAKER_05]: So I'm like, what can I do to supplement this income?
8:40
[SPEAKER_05]: So I'm here in my husband.
8:41
[SPEAKER_05]: You should always watch ACTB.
8:43
[SPEAKER_05]: And we was like, we can do this.
8:44
[SPEAKER_05]: Let's talk flipping some houses.
8:46
[SPEAKER_05]: So that's what started.
8:47
[SPEAKER_05]: That's all night journey to invest in the real estate.
8:51
[SPEAKER_03]: Wow, that's crazy.
8:52
[SPEAKER_03]: You said working three jobs.
8:53
[SPEAKER_03]: Did you have like a babysitter or anybody?
8:55
[SPEAKER_05]: No, so they was kind of of age in the sense.
8:59
[SPEAKER_05]: I think right, but I said to you watch one like the team of U.S.A.
9:03
[SPEAKER_05]: show you watch the team, but they was like probably like
9:06
[SPEAKER_05]: Ten and eleven, but I lived in the same building with my mother and sister so they kind of like kept my eye on them and I remember one night I was working the job because that's a work five shifts in the world right and my house called on fire with the girls in it and it was so crazy because anything I was thinking about was oh my goodness, oh they old enough to even be home by themselves
9:31
[SPEAKER_05]: Right, so but she knew cuz he's living in projects to close the door called not one one call my mother my mother came downstairs Then she called me and the crazy thing even I was working three jobs I need to have money to get in the cab So one of my co-workers had to give me cab beer and And that's when I was like you know what Dana like you can't continue working the three jobs and actually I knew how to do taxes and I started doing taxes and I left one of the jobs along and
9:57
[SPEAKER_05]: And we're still working too, cause you know, taxes is only seasonal.
10:01
[SPEAKER_05]: So the ladies that I worked with at the job, I would do the taxes.
10:05
[SPEAKER_02]: No, I ain't gonna lie.
10:06
[SPEAKER_02]: I screwed really.
10:07
[SPEAKER_02]: Like for like, cause I even had some stories with my mom, you know what I mean?
10:14
[SPEAKER_02]: Like she was working a hotel job at night and then she would do another job in the morning and then I have my older brother.
10:20
[SPEAKER_02]: He's watching me.
10:21
[SPEAKER_05]: And you watch it happen.
10:22
[SPEAKER_02]: You know, and then sometimes he will leave off the house and then you know, he might get in trouble.
10:27
[SPEAKER_02]: And my neighbor's got to run inside the house and act like they were babysitting me.
10:30
[SPEAKER_02]: So we don't get it.
10:31
[SPEAKER_02]: You know, but it's it's a level of respect that I have, you know, for like, like moms and parents and everybody, you know, because like the sacrifice you got to be a children.
10:43
[SPEAKER_02]: You know, make sure that everybody's good.
10:45
[SPEAKER_02]: Make sure that they go to sleep and they have something to eat and things like that.
10:49
[SPEAKER_02]: I don't have any children yet, but I understand, you know, the value and the parent of parents.
10:56
[SPEAKER_03]: And one thing I definitely could sort of relate with is when you said, the anxiety you had, like,
11:04
[SPEAKER_03]: doing something you didn't enjoy because like even me like I was working in the health field and you know it's a whole lot of things you see behind the scenes that it's just it gets overwhelming at so I know exactly how you feel but I like the fact you pushed it and you allowed it to drive you into one in the pivot so like you said you you ended up watching HGTV with your husband what was the first step that you made after that
11:30
[SPEAKER_05]: So the first that was where we were going to get some money from, to buy this house, right?
11:35
[SPEAKER_05]: So I took out an equity line of credit from my primary resident and that allowed us to invest.
11:39
[SPEAKER_05]: So I knew I needed some money.
11:41
[SPEAKER_02]: So you already had a house for you?
11:42
[SPEAKER_05]: So I had my primary resident that I was living there.
11:46
[SPEAKER_02]: Is it on it, but you just renting?
11:47
[SPEAKER_05]: No, I don't it.
11:48
[SPEAKER_02]: So, okay.
11:49
[SPEAKER_05]: So, all right.
11:50
[SPEAKER_05]: So, let's just say for even number six.
11:52
[SPEAKER_05]: All right.
11:52
[SPEAKER_05]: So, let's just say, I own, I own a hundred thousand dollars on my property, but my property is worth two hundred thousand.
11:58
[SPEAKER_00]: Okay.
11:58
[SPEAKER_05]: So, that in between hundred thousand, you can borrow it.
12:01
[SPEAKER_05]: But you can't sit and that's exactly line the credit.
12:02
[SPEAKER_05]: All right.
12:03
[SPEAKER_05]: So, I use that to start investing.
12:06
[SPEAKER_05]: So, I know what I need.
12:07
[SPEAKER_05]: It's somebody.
12:08
[SPEAKER_05]: I know I needed to find a realtor in a contractor.
12:11
[SPEAKER_05]: So I went to Home Depot, found a contractor, and went online to Zillow and found a realtor.
12:19
[SPEAKER_05]: So the realtor found me a house, right?
12:24
[SPEAKER_05]: We got the contract in the come and tell us how much do we have was, which back then I didn't really know because the contract was charging us per hour.
12:31
[SPEAKER_05]: So you know how that went, right?
12:32
[SPEAKER_05]: So over pay.
12:33
[SPEAKER_05]: So of course you come to the house.
12:35
[SPEAKER_05]: They sit and down or you want them go to home depot being there for three hours, but we pay in you by the hour.
12:40
[SPEAKER_05]: So
12:41
[SPEAKER_05]: We flipped that first house.
12:42
[SPEAKER_05]: We made like, seventy, seventeen thousand dollars.
12:45
[SPEAKER_05]: But I realized I gave myself another job.
12:47
[SPEAKER_05]: Right.
12:48
[SPEAKER_05]: So from then, I was like, you know what, let's just buy some buying whole properties.
12:51
[SPEAKER_05]: So that's the process of becoming a landlord.
12:53
[SPEAKER_05]: So we had the same realtor, find us some properties.
12:56
[SPEAKER_05]: And we just rented out the properties to receive that extra cash flow.
12:59
[SPEAKER_04]: Right.
13:00
[SPEAKER_05]: So it was crazy because even though I didn't leave the post office right then, but the anxiety attack stopped because I had options.
13:08
[SPEAKER_05]: You know, it's different when you do something because you have to, or you want to.
13:13
[SPEAKER_05]: So if I didn't feel like going to work, you know what?
13:15
[SPEAKER_05]: Yeah, I didn't go.
13:18
[SPEAKER_05]: And stuff.
13:19
[SPEAKER_05]: But that kind of like taught me on my journey to investment in real estate.
13:23
[SPEAKER_05]: And then, two thousand seven ten.
13:26
[SPEAKER_05]: right so I bought we bought five houses and we ran out of money so our plan was to save twenty thousand dollars every year and buy a house right or fast four to two thousand seventeen when I got my first on the job injury and I look back I'm like all these years we had money right
13:44
[SPEAKER_05]: But I didn't buy any houses, I got sidetracked them.
13:46
[SPEAKER_05]: And when I got hurt, and they didn't want to pit me on limited duty, right?
13:52
[SPEAKER_05]: So they pit me somewhere only using my left arm, then my left arm went out.
13:56
[SPEAKER_05]: So September six, two thousand eight ten is when I actually went out of work.
14:01
[SPEAKER_05]: But between the two incidents, that's when I really started.
14:05
[SPEAKER_05]: I'm getting a mentor and just learning more about investment in real estate because I always say that I had houses, but I didn't know how to analyze the deal.
14:13
[SPEAKER_05]: I just knew what the meant was and how much the mortgage was going to be in the end between part.
14:17
[SPEAKER_05]: It was mine.
14:19
[SPEAKER_05]: That's like all I know.
14:20
[SPEAKER_02]: Right.
14:21
[SPEAKER_02]: So at that time was it like, like, that embeds me, because you know, sometimes when people do they go out, they bother how it's just to say they have a house and they get income and they only get a hundred dollars a month.
14:33
[SPEAKER_02]: You know?
14:33
[SPEAKER_05]: Yeah.
14:34
[SPEAKER_02]: Were you in that kind of situation?
14:35
[SPEAKER_05]: So not really.
14:35
[SPEAKER_05]: We was getting between four and six hundred on the house and the house.
14:40
[SPEAKER_02]: Okay.
14:40
[SPEAKER_02]: After expenses.
14:41
[SPEAKER_05]: After expenses.
14:42
[SPEAKER_05]: Yeah.
14:42
[SPEAKER_05]: And we, they in the land.
14:44
[SPEAKER_05]: So we sell what my husband, self-managed.
14:46
[SPEAKER_05]: So it was not like we had a property manager.
14:47
[SPEAKER_03]: Oh, so he was in New York and he was buying houses in Germany.
14:51
[SPEAKER_03]: I was in Georgia.
14:52
[SPEAKER_03]: So I started in New York.
14:54
[SPEAKER_05]: So I transferred to Georgia in two thousand four.
14:56
[SPEAKER_05]: So I brought my primary resident that same year when I got to Georgia in two thousand four.
15:01
[SPEAKER_05]: So I started investing in real estate in two thousand six.
15:04
[SPEAKER_03]: Okay.
15:04
[SPEAKER_03]: Yeah.
15:05
[SPEAKER_03]: Oh wow.
15:06
[SPEAKER_03]: So that's like the whole backstory leading up to you know you ended up to get your first part.
15:14
[SPEAKER_03]: It's crazy.
15:15
[SPEAKER_03]: It's crazy.
15:16
[SPEAKER_03]: So being at you was spending a lot of time saving you know all this money.
15:20
[SPEAKER_03]: When did you realize like it's it's of the options of a so I wasn't saving no money.
15:27
[SPEAKER_05]: I suppose I've been saving money.
15:29
[SPEAKER_05]: That was the plan.
15:30
[SPEAKER_05]: I saved
15:32
[SPEAKER_05]: because people have got a fabulous going on vacation, drop a range roll was by a Rolex, who works at the post office, got Rolex, right?
15:41
[SPEAKER_05]: I was living got a fabulous.
15:43
[SPEAKER_02]: But, so you was pulling up in a range roll at the post office?
15:48
[SPEAKER_02]: If I would tell you.
15:50
[SPEAKER_05]: Yeah, they was just wondering, you know, but like I said, I never told nobody, I even invested in real estate.
15:56
[SPEAKER_05]: They didn't know.
15:57
[SPEAKER_05]: They didn't even know I had a tax business.
15:59
[SPEAKER_05]: Like,
16:01
[SPEAKER_05]: I just didn't tell nobody my business because they didn't understand because a lot of times workers don't understand the entrepreneurship.
16:07
[SPEAKER_05]: Right.
16:07
[SPEAKER_05]: So I didn't really talk to them.
16:09
[SPEAKER_05]: You know about it.
16:11
[SPEAKER_05]: Right.
16:11
[SPEAKER_05]: So when I once I got injured and I was looking back over my life like they know you've been living ghetto fabulous all these years when you post a band investing in more properties.
16:22
[SPEAKER_05]: Right.
16:22
[SPEAKER_05]: But when I started going to meetups and started learning about the business credit cards, right?
16:28
[SPEAKER_05]: And I was like, all right.
16:29
[SPEAKER_05]: So this is another way that I can invest.
16:32
[SPEAKER_05]: So the first property that I bought out of state was two thousand eighteen in Baltimore.
16:37
[SPEAKER_05]: And that one I did use cash.
16:39
[SPEAKER_05]: I took money from my mom.
16:40
[SPEAKER_05]: We time in account and just bought that.
16:42
[SPEAKER_05]: But then I was like, I didn't really have any more money.
16:45
[SPEAKER_05]: Then I started using the business credit cards and went into the Cleveland market.
16:48
[SPEAKER_05]: Hey, I am so sorry to break this episode.
16:51
[SPEAKER_05]: I know you are enjoying it.
16:52
[SPEAKER_05]: But some things that I realized most investors get stuck at is one is picking the state and finding out what strategy best work for you and I'm going to help you with that.
17:02
[SPEAKER_05]: So I'm having a free three-day bouquet.
17:04
[SPEAKER_05]: Well, I'm going to teach you how to pick the best state to invest in, how to pick the best strategy for you and how to use other people money.
17:12
[SPEAKER_05]: Visit me on Instagram and I am Dana Christian and click the link in my bio and I see you in class.
17:18
[SPEAKER_03]: Okay.
17:20
[SPEAKER_03]: And like, what advice would you give to someone who, you know, they're working on a five, you know, but they feel stuck.
17:30
[SPEAKER_03]: You know, you was able to get out in that situation.
17:33
[SPEAKER_03]: So what advice would you give to them?
17:36
[SPEAKER_05]: So one will just just believe you can do it, bet on yourself, get your credit straight, apply for some funding, and give some type of education whether it's mentorship, YouTube, and just be knowledgeable before you jump into real estate because so many times, people jump in without getting the education and getting into bad deals.
17:58
[SPEAKER_05]: Or they get caught up with people lifestyle, right?
18:02
[SPEAKER_05]: And invest with them and find out is not what you thought it was.
18:06
[SPEAKER_05]: because you were so stuck on this person being on private jets.
18:09
[SPEAKER_05]: And this person having a nice car, you know, and not really doing your background check on that person.
18:17
[SPEAKER_02]: Yeah.
18:18
[SPEAKER_02]: I mean, the internet do, you can definitely gloss it up real nice and be able to market, you know, like some people
18:26
[SPEAKER_02]: You know, they they got properties things like that and they use the lifestyle and I used to have like a friend or two a day, but like, oh, Cody, what you think about this guy?
18:35
[SPEAKER_02]: I don't know bro, like you don't see like do you see him posting that thing every day?
18:42
[SPEAKER_05]: But you know one thing about us, as black people, we associate success with things.
18:50
[SPEAKER_05]: Right?
18:50
[SPEAKER_05]: So you see a person with a Rolex, a nice car, automatically assume that they're doing well.
18:56
[SPEAKER_05]: Right?
18:56
[SPEAKER_05]: Because I think about going up in the projects.
18:59
[SPEAKER_05]: I was in the project with a mean coat on.
19:01
[SPEAKER_05]: I think about the foolishness, right?
19:04
[SPEAKER_05]: How you have a coat when your rent is two hundred dollars, then the coat is four thousand dollars, like making makes sense.
19:11
[SPEAKER_05]: But we associate success with with thanks.
19:14
[SPEAKER_05]: You know, which is, which is sad.
19:17
[SPEAKER_05]: You know, and that's why I think a lot of times.
19:19
[SPEAKER_05]: And I hate to say people get scammed, but sometimes people do get scammed because they look and
19:26
[SPEAKER_05]: at people for the wrong reason, and sometimes people want to be associated, right?
19:31
[SPEAKER_05]: They just want to like, well, I want to be associated with this person because of what they have.
19:36
[SPEAKER_03]: Now, that's a great point because I still, I remember growing up young and it was always the kids who
19:41
[SPEAKER_03]: you know, they did live in the project.
19:43
[SPEAKER_03]: They was always the flight.
19:44
[SPEAKER_05]: That's, yes.
19:45
[SPEAKER_03]: That's coach for the winner.
19:47
[SPEAKER_03]: That's Jordan's.
19:47
[SPEAKER_05]: Yes.
19:48
[SPEAKER_03]: And I'm like, but, and then they get to school and it's kind of like, that's how they judge you like what you got on.
19:56
[SPEAKER_03]: So, you know, they grow with that mentality and, you know, at some point you got to break out of it.
20:01
[SPEAKER_05]: And they goes into the, uh, del, well, like people ask, well, why you don't show your cause or why you don't show that.
20:07
[SPEAKER_05]: I'm like, because I don't want people to follow me because of that.
20:10
[SPEAKER_05]: right far because you want to really invest and you want some passive income and you want to change a situation.
20:17
[SPEAKER_05]: You know, in other people, it's about financial freedom and time freedom.
20:20
[SPEAKER_05]: That's, that's what it's about.
20:21
[SPEAKER_05]: And it doesn't take a lot to do that, right?
20:24
[SPEAKER_05]: Because I was so people, well, what's your number?
20:26
[SPEAKER_05]: And most people number is by the ten thousand dollars.
20:28
[SPEAKER_05]: If you cover your bills and have something extra, that's why they ain't your freedom.
20:32
[SPEAKER_01]: Right.
20:33
[SPEAKER_02]: That's true.
20:34
[SPEAKER_02]: I mean, some people just want to actually at least something else to be able to go on a vacation.
20:38
[SPEAKER_02]: Yeah.
20:39
[SPEAKER_02]: You know, be able to enjoy and have money being a burden.
20:42
[SPEAKER_02]: You're not checking account when you go outside.
20:44
[SPEAKER_02]: You know, that kind of crazy stuff.
20:47
[SPEAKER_02]: But I did hear earlier you mentioned that you haven't went through a phase where
20:52
[SPEAKER_02]: You know, outside of the anxiety, you also had a period where you ended up following bankruptcy.
20:57
[SPEAKER_02]: You know, what led up to that part, you know, to be able to file bankruptcy, then fast forward, you know, ten, fifteen plus years later, you're, you got to stack a credit card using it to be able to invest.
21:08
[SPEAKER_05]: Yeah.
21:09
[SPEAKER_05]: So, I found bankruptcy in two thousand.
21:14
[SPEAKER_05]: So, on nineteen ninety eight.
21:17
[SPEAKER_05]: Right.
21:18
[SPEAKER_05]: Um, I had a court case.
21:20
[SPEAKER_05]: And I was working out the post office.
21:21
[SPEAKER_05]: They have anything to do with the post office, but I got arrested.
21:24
[SPEAKER_05]: So the post office put me out on suspension while my case court case was going on.
21:29
[SPEAKER_05]: So it took to like two and a half years.
21:32
[SPEAKER_05]: So during that time, I lived off of my credit cards.
21:35
[SPEAKER_05]: So once I went back the work and I had all this debt,
21:39
[SPEAKER_05]: I'm like, I ain't paying this.
21:43
[SPEAKER_05]: I'm not paying this.
21:44
[SPEAKER_05]: So I found bankruptcy.
21:45
[SPEAKER_05]: And the crazy thing is, when I went to go foul, nobody looked like me that was in there.
21:52
[SPEAKER_05]: And a lot of times, we need that jump start.
21:55
[SPEAKER_05]: And I needed that jump start.
21:57
[SPEAKER_05]: I'm just back the work.
21:58
[SPEAKER_05]: I need a fresh start.
22:01
[SPEAKER_05]: So once I found,
22:03
[SPEAKER_05]: Bankruptcy from there, I just started building my credit back, right?
22:06
[SPEAKER_05]: So it wasn't because I decided not just to, I guess I decided not just to pay.
22:11
[SPEAKER_05]: But I was, it was a lot on me, right?
22:13
[SPEAKER_05]: So after that, I just started building my credit back up, you know, applying for different accounts, like capital one, like a secure credit card, gave them like a thousand dollars.
22:24
[SPEAKER_05]: They gave me a thousand dollar credit card after the eighteenth months.
22:26
[SPEAKER_05]: They gave me back my money and another unsecure credit card, then I applied for another one.
22:31
[SPEAKER_05]: And then just started building,
22:33
[SPEAKER_05]: My credit back up.
22:34
[SPEAKER_02]: Wow.
22:35
[SPEAKER_02]: I mean, that's very interesting because, like, how I found out about you again is, you know, from the stack of credit cards and taking them to be able to use its investment in real estate.
22:46
[SPEAKER_02]: But you know, a lot of times, I didn't even know about the story where you had to file bankruptcy, you know, a few years back.
22:51
[SPEAKER_05]: Yeah.
22:52
[SPEAKER_02]: But it goes to show that, you know, you can get started and start investing into real estate, wherever you are.
22:57
[SPEAKER_05]: Yeah.
22:58
[SPEAKER_05]: Yeah.
22:58
[SPEAKER_05]: And I was like, people credit can be restored, we built, we paid.
23:01
[SPEAKER_02]: Right.
23:02
[SPEAKER_05]: So it doesn't matter where your current situation is.
23:04
[SPEAKER_05]: just start working on your credit and just start building it.
23:08
[SPEAKER_05]: And it might be a minute before you can get business credit, but you can still get personal credit and use that to invest.
23:16
[SPEAKER_02]: Right.
23:16
[SPEAKER_02]: And then so how is like what's your go to strategy?
23:19
[SPEAKER_02]: Like, because I know a lot of people, they do the wholesale land, they do the the birth strategies, they do air being bees, they do fixing flips.
23:27
[SPEAKER_02]: Like what's your go to strategy when it comes to investing?
23:31
[SPEAKER_05]: So my go to strategy is definitely buying home, but I like the birth strategy, right?
23:37
[SPEAKER_05]: So I do a lot of investing out of state.
23:39
[SPEAKER_05]: So when you think about birth, right?
23:41
[SPEAKER_05]: That stands for buy.
23:42
[SPEAKER_05]: We have rent, we finance and repeat, right?
23:46
[SPEAKER_05]: So the first one is buy.
23:48
[SPEAKER_05]: I will buy properties from an auction, right?
23:50
[SPEAKER_05]: So like Detroit got a big auction coming up, right?
23:53
[SPEAKER_05]: So last year I bought a property for thirty thousand dollars from Detroit auction.
23:59
[SPEAKER_05]: That's the only auction that you use credit cards.
24:01
[SPEAKER_05]: So use a credit card to buy that property.
24:04
[SPEAKER_05]: So the rehab was like fifty six thousand dollars.
24:08
[SPEAKER_05]: I use credit cards for that.
24:09
[SPEAKER_05]: So now I'm all in eighty six thousand dollars.
24:13
[SPEAKER_05]: So once the house was ready, I rented it out to section eight for eighteen hundred dollars.
24:17
[SPEAKER_05]: Then I refinanced it to DSC all along.
24:20
[SPEAKER_05]: So when they did a praisele, the praisele came back at a hundred and fifty three thousand dollars.
24:25
[SPEAKER_05]: So I borrowed a hundred and twenty thousand dollars from the DSC all in the that hundred and twenty thousand dollars.
24:31
[SPEAKER_05]: I paid the credit cards back off the eighty six.
24:34
[SPEAKER_05]: Twenty thousand.
24:35
[SPEAKER_05]: So in my pocket, because you have some fees, right.
24:38
[SPEAKER_05]: So now my payment.
24:41
[SPEAKER_05]: is on the DSC alone like almost nine hundred dollars a month.
24:47
[SPEAKER_01]: Okay.
24:47
[SPEAKER_05]: So, but I'm getting eighteen hundred.
24:49
[SPEAKER_05]: You know what I'm saying?
24:50
[SPEAKER_05]: So after the property manager, I still walking away with like seven hundred dollars in my pocket every month.
24:55
[SPEAKER_05]: And it's a free house.
24:56
[SPEAKER_05]: And now we peaked the process.
24:58
[SPEAKER_05]: So that's the birth strategy.
25:00
[SPEAKER_01]: Oh.
25:00
[SPEAKER_05]: So that's the birth strategy.
25:02
[SPEAKER_05]: right so or even you can just buy properties that's ready like I teach a lot of my students just about rip ready properties but for myself I prefer the birth strategy even though I teach it right but you need a whole team in place right so some people don't want to deal with contractors right so they prefer just about rip ready properties but to me that's the best strategy because one I'm using credit cards to get started right and then I'm
25:32
[SPEAKER_05]: We financed it into the SEO loan, which is a debt-sense for debt-service covational, and those loans is based on the property ability to pay back the loan, not the person.
25:44
[SPEAKER_02]: Okay, okay, okay.
25:46
[SPEAKER_02]: So I got two questions now.
25:47
[SPEAKER_02]: So how long would that process take?
25:50
[SPEAKER_02]: Once you buy the property, you got to credit cards, you buy the property,
25:54
[SPEAKER_02]: You start cash flowing for you to be able to refinance into the DSCR loan, and then I forgot what I was in question.
26:02
[SPEAKER_05]: So we can take three to six months depending on how much work needs to be done.
26:06
[SPEAKER_02]: Right.
26:06
[SPEAKER_05]: Yeah, depends on how much work needs to be done on the property.
26:10
[SPEAKER_05]: So a full rehab can run you three to six months.
26:13
[SPEAKER_05]: Wow, and then on top of that a lot of people might not know if they may know whether a max style credit card around seventy five eighty thousand dollars probably like eight hundred dollars a month and then you can liquid data never credit card to pay that so some people I was like well, I don't have that payment, but you can always liquid data credit card to pay that that payment
26:35
[SPEAKER_02]: Wow, okay, all right cool.
26:37
[SPEAKER_03]: So like when you when you do like refinance like so you you're gonna end up pulling out and then get another property and then repeat in the same process over and using the same money over and over again.
26:49
[SPEAKER_05]: Using the same money over over again.
26:51
[SPEAKER_05]: And really next time you probably can do too because you got some extra cash in your pocket, right?
26:56
[SPEAKER_05]: So you can do two if you want to.
26:59
[SPEAKER_05]: But at extra cash, you got from the first one.
27:01
[SPEAKER_05]: You can use that to cover the credit card payment.
27:04
[SPEAKER_05]: It's really just being creative.
27:05
[SPEAKER_05]: It's really just being creative.
27:07
[SPEAKER_02]: And then outside of the burst strategy, like what other, you know, strategies like for a person that might be working in a nine or five job, you know, they might not have extra money outside, you know, what would you recommend as far as the strategy for them to start investing?
27:21
[SPEAKER_05]: So, um, so you said they don't have extra money.
27:26
[SPEAKER_02]: I mean, you know, might have extra money.
27:27
[SPEAKER_05]: You know, the reason I asked that because like, let's just say, if you're a person, be like, well, I really don't have a lot of money and I really don't have the time, right?
27:36
[SPEAKER_05]: So one strategy is wholesaling, but when we think about wholesaling, we think about no credit or cash, right?
27:41
[SPEAKER_05]: When you find a distress property on a pit that probably on the contract, then you sell the contract to invest the
27:47
[SPEAKER_05]: for a fee, but that takes time.
27:49
[SPEAKER_05]: But if you have a credit card, you can buy your property from an auction, right?
27:54
[SPEAKER_05]: Let's say for five thousand dollars, and you can sell it to somebody for ten thousand dollars to invest.
27:58
[SPEAKER_05]: What I'm doing anything to it, right?
28:00
[SPEAKER_05]: You can list it in Facebook groups, right?
28:02
[SPEAKER_05]: Because people are always looking for deals.
28:04
[SPEAKER_05]: So that's the person that don't have a lot of time on a lot of money.
28:08
[SPEAKER_05]: But I don't have a lot of time, but I do have
28:12
[SPEAKER_05]: somebody on the credit card or some cash, then you would want to do a buy-hole property, right?
28:16
[SPEAKER_05]: So you want to find a ready property, right?
28:19
[SPEAKER_05]: Um, put it on the contract, you know, always got to say there's always get inspection done, right?
28:25
[SPEAKER_05]: Get the inspection done and then close on the property and list it with a property manager so they can run it out for you.
28:30
[SPEAKER_05]: So that's what a person that don't have a lot of time, but still want to get into real estate and have a little money.
28:36
[SPEAKER_03]: And what about for someone with bad credit?
28:39
[SPEAKER_03]: Like, you know, bad credit.
28:40
[SPEAKER_03]: Probably no one cash.
28:42
[SPEAKER_05]: Don't do credit, we pair.
28:44
[SPEAKER_05]: Like, you know, always up here, I'm not a magician.
28:47
[SPEAKER_05]: Like, we have to fix, oh, you partner with someone, right?
28:51
[SPEAKER_05]: So partner with someone.
28:52
[SPEAKER_05]: So a person that has bad credit, I'm always going to say, do not live a bad credit.
28:57
[SPEAKER_05]: Fix your credit because you can get access to so much money.
29:01
[SPEAKER_05]: right so find a credit repair company to to fix your credit right so I don't like to get about banks that you know when it interest rates is high because I feel like that I'm really paying you behind you know if you go to a bank like main one when it interest rate is thirty percent like which is crazy is you know I'm saying a blue vine because I had one minty she was like oh blue vine's gonna give me seventy thousand dollars with the payment is seventy thousand dollars a month I said are you crazy
29:26
[SPEAKER_05]: What are you going to do to make up that money to pay for that?
29:29
[SPEAKER_04]: Right?
29:29
[SPEAKER_05]: So I don't like to give out those type of lenders where the interest rates is really high.
29:34
[SPEAKER_05]: I'm always going to say, fix your credit.
29:36
[SPEAKER_05]: You know, and people a lot of times be like, well, how long is going to take?
29:40
[SPEAKER_05]: It's going to take too long.
29:41
[SPEAKER_05]: But what are you comparing it to?
29:42
[SPEAKER_05]: Compared to how long is going to take you to say, fifty thousand dollars.
29:46
[SPEAKER_05]: Right?
29:46
[SPEAKER_05]: Because you know, you fix your credit.
29:48
[SPEAKER_05]: Even if you go to ten banks and get five thousand dollars, that's still fifty thousand dollars.
29:52
[SPEAKER_03]: Right.
29:53
[SPEAKER_01]: Right.
29:54
[SPEAKER_01]: Right.
29:54
[SPEAKER_01]: Right.
29:55
[SPEAKER_03]: during this whole, you know, during your whole real estate experience, did you ever use like the FHA loan at a certain point for some properties?
30:05
[SPEAKER_05]: So only, so FHA is only for your primary property.
30:09
[SPEAKER_05]: Even though you can buy four properties, but you have to live in one.
30:13
[SPEAKER_05]: So when I bought my first house that I lived in my primary, I did use an FHA loan.
30:18
[SPEAKER_05]: But I wish I knew about buying like a four unit of duplex.
30:23
[SPEAKER_05]: to live in one of rent the other ones out, but I didn't know that strategy back in two thousand four.
30:28
[SPEAKER_05]: But since then, I haven't used the FHA loan.
30:32
[SPEAKER_05]: I did conventional loans when I bought my investment properties.
30:35
[SPEAKER_05]: But now I do everything in the business.
30:37
[SPEAKER_05]: So whether it is business credit cards and then refinance into DSCR loan.
30:43
[SPEAKER_03]: Could you bring down the DSL loan?
30:46
[SPEAKER_05]: That stands for that service cover ratio.
30:49
[SPEAKER_05]: So how you get approved by that loan is along as it's enough rent coming in to cover the mortgage you qualify for even number six.
30:57
[SPEAKER_05]: Let's just say the mortgage is a thousand dollars.
31:00
[SPEAKER_05]: You collect thirteen hundred you qualify.
31:03
[SPEAKER_05]: The good thing about a DSC or a lender
31:06
[SPEAKER_05]: Now, they do look at your credit, right?
31:08
[SPEAKER_05]: Which need to be at least six, twenty.
31:10
[SPEAKER_05]: But you don't have to have a job.
31:12
[SPEAKER_05]: They're not acts for bank statements.
31:13
[SPEAKER_05]: They're not acts for W-tools.
31:15
[SPEAKER_05]: So the loan is ninety percent, really, ninety five percent based on the property.
31:22
[SPEAKER_05]: But they only lend to businesses.
31:23
[SPEAKER_05]: So it was a business, the business loan.
31:25
[SPEAKER_05]: So the property have to be in your LLC and you cannot live in the property.
31:28
[SPEAKER_05]: You have to be, you know, for investments.
31:31
[SPEAKER_01]: Okay.
31:32
[SPEAKER_05]: But in this no cap on the amount of DSC all loans you can receive.
31:35
[SPEAKER_02]: And then there was a big, the other day I was on Instagram, it was like a big kind of controversy where, you know, they was like, yo listen, buying your first house is not the right thing to do.
31:48
[SPEAKER_02]: Like get an investment property first and then, you know, let the investment property pay for your primary residence.
31:56
[SPEAKER_05]: Okay.
31:56
[SPEAKER_02]: What's your take on?
31:57
[SPEAKER_05]: So it's close to constant, right?
31:59
[SPEAKER_05]: So okay.
32:00
[SPEAKER_05]: So first of all, we're going to talk about buying a million dollar property.
32:03
[SPEAKER_05]: So this person bought a million dollar property.
32:05
[SPEAKER_05]: Okay.
32:05
[SPEAKER_05]: Let's start there.
32:06
[SPEAKER_05]: I don't have a million dollar property that I live in, right?
32:09
[SPEAKER_05]: But you won't pay rent anywhere.
32:11
[SPEAKER_05]: Anyway, right?
32:12
[SPEAKER_05]: So why not invest until your property, right?
32:16
[SPEAKER_05]: So, but yes, you can buy investment property and let that pay for where you live at.
32:22
[SPEAKER_05]: Right, but I'm going to say buy a property because why pay somebody rent?
32:28
[SPEAKER_05]: You know, I've been in my house that I've been for twenty one years
32:33
[SPEAKER_05]: I haven't had any issues because somebody said something about, um, well, if you have a plummet issue, you have to pay for that stuff like that.
32:41
[SPEAKER_05]: I've been in my house for anyone years and I haven't had no plummet issues.
32:45
[SPEAKER_05]: So what are you talking about?
32:46
[SPEAKER_02]: So what about, like, roof, wear and tear, roof on the, on the, on the roof?
32:50
[SPEAKER_05]: You know, the crazy thing about a roof?
32:52
[SPEAKER_05]: there be so many storms and insurance can pay for that roof and insurance pay for the my roof and all my investment properties because the the roof are going to fill out the phone for you yeah so what else also you know what and the thing is you know and I never call myself a good right but I've been investing for a long time right and
33:18
[SPEAKER_05]: I'm gonna tell people, first of all, you always need a place to live, right?
33:21
[SPEAKER_05]: So secure what you need to live at, right?
33:23
[SPEAKER_05]: But don't go out buying it, no half a million dollar house, right?
33:28
[SPEAKER_05]: Buy something that you can afford, right?
33:30
[SPEAKER_05]: Because let's just say you buy a house for three hundred thousand dollars, your mortgage probably be about seventeen hundred.
33:37
[SPEAKER_05]: You're paying out of rent anyway, right?
33:40
[SPEAKER_05]: And then you build an equity.
33:41
[SPEAKER_05]: You're not building equity in our apartment, right?
33:46
[SPEAKER_02]: secure what you want to live in the best right then once you invest you can use that money to pay your mortgage, but I wouldn't tell people don't buy a property like it ain't even making it because from the the videos in the less the the the reason why they didn't set it I even heard it from Grant Card on to he's like yo don't buy your own property don't
34:11
[SPEAKER_05]: You know what, some people like T-Mobile, people like Verizon, everybody have, everybody have, everybody have their choice.
34:17
[SPEAKER_05]: Right.
34:17
[SPEAKER_05]: So, and even when it comes to events, do what's best for you.
34:20
[SPEAKER_05]: I have, you have a mentee that live in the projects.
34:23
[SPEAKER_05]: In her own three properties.
34:26
[SPEAKER_05]: She don't want to move, but she's invested.
34:29
[SPEAKER_05]: You know what I'm saying?
34:29
[SPEAKER_05]: I'm just like, don't tell nobody, you know, because your neighbor's gonna be, hey, so everybody don't have a desire to live in a house.
34:36
[SPEAKER_04]: Right.
34:37
[SPEAKER_05]: But I'm not gonna tell somebody, don't buy.
34:41
[SPEAKER_05]: They probably we resident first you know I'm saying but you got to look at the whole The whole picture right and people tell half the story because from a thirty-second clip you ain't getting Because I know some stuff, but we
35:03
[SPEAKER_03]: throughout your whole your whole experience in real estate you know um because thinking back to we had we had we had a few people from the real estate game you know on here and one thing that I see everybody got the own strategy everyone has a own type of way of doing things but I do hear about the
35:23
[SPEAKER_03]: how tough it is being a landlord.
35:26
[SPEAKER_03]: You know, and that's what, you know, shout out to Charles.
35:30
[SPEAKER_03]: He said he had a lot of crazy stories out of the LAMLOR and that he wanted to kind of just away from that side of the business.
35:38
[SPEAKER_03]: Have you ever had any issues as a landlord or contract issues?
35:42
[SPEAKER_05]: I've been a landlord since two thousand six and I don't have any horror stories, right?
35:47
[SPEAKER_05]: So I never had to have picked anyone
35:50
[SPEAKER_05]: have people moved out and I had to get somebody else has the house been dirty and we had the clean it yes but that's not a hall of story compared to me having to go to a post office right working the job that I hate right so um and some of the houses is on property managers it's somewhat right but I don't really have any hall of stories I don't even do background checks for my tenants you know um I have half on section eight half not on section eight
36:19
[SPEAKER_05]: So I don't really have no Harvard story.
36:21
[SPEAKER_05]: I go into any situation with a positive mindset, right?
36:25
[SPEAKER_05]: So I feel like if a person go into a situation, and nothing against charge, you know, charge my guy, right?
36:32
[SPEAKER_05]: But I know sometimes when people go into a situation, they can all this person go and trash my property, that's what's going to happen.
36:38
[SPEAKER_01]: They go and trash their property, right?
36:41
[SPEAKER_05]: So I don't have any Harvard stories, and I love it because it's passive income.
36:45
[SPEAKER_05]: And you got to take the pros with the cons.
36:49
[SPEAKER_05]: And so contract as harvest always were contract is one when our folks got started of course I didn't know how to pay contract as they was charging those per hour and then
36:59
[SPEAKER_05]: My mom was in Cleveland, Ohio, and I have what to do,plex.
37:03
[SPEAKER_05]: And I had spoke to one contractor about, you know, getting, you told them the square foot, and she says, I'm gonna be about forty five thousand.
37:10
[SPEAKER_05]: And he was like, well, I won't be able to go look at it till next week.
37:12
[SPEAKER_05]: So I was like, all right.
37:14
[SPEAKER_05]: So my firm was like, I have a contractor for you to go over there.
37:18
[SPEAKER_05]: So I was like, all right, contractor told me twenty five thousand.
37:20
[SPEAKER_05]: So you know what I did?
37:22
[SPEAKER_05]: I went with that twenty five thousand, right?
37:24
[SPEAKER_05]: So,
37:25
[SPEAKER_05]: When I showed the scope of work to my mentor and that's the breakdown everything that's going to be done, he told me, then I have him go over that again, did you walk through it when I was like, no, he came from a refuel.
37:37
[SPEAKER_05]: So he was like, walk through again, right?
37:39
[SPEAKER_05]: But he ain't gonna go back and forth with me because he already know how I am, right?
37:43
[SPEAKER_05]: Long story short.
37:45
[SPEAKER_05]: The contract didn't charge me enough.
37:47
[SPEAKER_05]: He was so when I would be in Cleveland, but I'm going to hang out with my friends.
37:51
[SPEAKER_05]: I'm tired going to the hotel to go to sleep or whatever.
37:55
[SPEAKER_05]: And he had sent me some pictures.
37:57
[SPEAKER_05]: And that said, this looks horrible.
38:00
[SPEAKER_05]: So I went out there and I saw all of the stakes, but I took accountability.
38:04
[SPEAKER_05]: Because one, I know I didn't pay him enough.
38:07
[SPEAKER_05]: And he was trying to make it work with the money I gave him.
38:10
[SPEAKER_05]: So it's my fault right because I knew that rehab should have been forty five thousand.
38:17
[SPEAKER_05]: So that's the only really harmless story.
38:19
[SPEAKER_05]: You know now when some people when you deal with contractors and people say how they get ripped off from contractors a lot of time it comes from one
38:26
[SPEAKER_05]: Not getting three estimates, right?
38:27
[SPEAKER_05]: I should have really had three estimates and really walked through the property with the contractor.
38:32
[SPEAKER_05]: Even for the twenty-five, then no exactly what he was doing.
38:35
[SPEAKER_05]: Second, never paid them in full.
38:37
[SPEAKER_05]: Right?
38:37
[SPEAKER_05]: You want to pay them in drawers, meaning as the work they're doing is what you pay them for.
38:42
[SPEAKER_00]: Right.
38:42
[SPEAKER_05]: So let's just say, as they're doing the electrical, and it's nine thousand dollars.
38:48
[SPEAKER_05]: Right?
38:48
[SPEAKER_05]: I probably give you one third.
38:50
[SPEAKER_05]: to get the supplies when you halfway through I give you the the other one third and then paying you the balance once you're completed and you know we have to get permits you know and the permits get passed yeah so so for us you know so far we covered you know ways on how you can go ahead and secure some funds you know some of the strategies that you can do
39:14
[SPEAKER_02]: How about, like, ways on how you can source those properties?
39:17
[SPEAKER_02]: You give what I mean, because, you know, sometimes you might just look on Zillow, but they might not be the best bet for you, especially as far as pricing wise and bargain wise.
39:26
[SPEAKER_02]: What's your way on sourcing those properties to be able to, you know, invest into?
39:30
[SPEAKER_05]: So the first thing I'm going to talk market and I don't really know the market, I'm going to look, and I'm doing buying whole properties.
39:39
[SPEAKER_05]: I'm going to go to heruser.gov.
39:42
[SPEAKER_05]: right or even I'm going to go directly to section eight and see how much rent I can collect in that zip code so then that's how I'm going to choose what property that I'm about like in what zip code right so once I find the property I'm always going to get inspection done right so that way we're going to tell you what needs to be done if the you know what he does good if the roof is bad if it's a foundation issue and then you could determine one if you want to move forward
40:08
[SPEAKER_05]: Oh, that's just say they want to sell me five thousand dollars for this property is the bad rule.
40:12
[SPEAKER_05]: So now that's one fun negotiation.
40:14
[SPEAKER_02]: Right.
40:14
[SPEAKER_05]: Yeah.
40:15
[SPEAKER_02]: And then like for you, what's the, what's the, like, what's the huge reason?
40:19
[SPEAKER_02]: Cause I know like, majority of your properties is sound like you got to catch a flight.
40:24
[SPEAKER_02]: Like what's the, what's the reason for like investing out of state and not in your own home state?
40:30
[SPEAKER_02]: Is there a reason for it?
40:31
[SPEAKER_05]: Yes, because the property is this cheaper in some states you might never.
40:34
[SPEAKER_05]: Right.
40:35
[SPEAKER_05]: So if you and New York City, you're not
40:36
[SPEAKER_05]: finding a property, not even three hundred thousand dollars.
40:40
[SPEAKER_05]: Right.
40:40
[SPEAKER_05]: So I'm in Atlanta and to find a very property.
40:45
[SPEAKER_05]: I'm looking at probably two hundred fifty thousand three hundred thousand.
40:48
[SPEAKER_05]: Right.
40:48
[SPEAKER_05]: So let's just say three hundred thousand.
40:50
[SPEAKER_05]: So the property is three hundred thousand and I can collect if you do the one percent, right, because you should collect one percent in rent of what
40:58
[SPEAKER_05]: purchase prices so about property for three thousand dollars that mean the rent should be I mean three hundred thousand that mean the rent should be three thousand dollars right now I can go to Cleveland right I'm a walkie Detroit I can buy a single family let's say for seventy five thousand and collect fifteen hundred dollars of it so with that same three hundred thousand I can buy four houses and collecting
41:25
[SPEAKER_05]: six thousand dollars double right so you you get in you know a better price to rent ratio and other markets and then again a property manager right you get inspection to make sure the property is in good condition I have one mentee she's on her six property she's in Louisiana and Detroit she have never been to Detroit
41:49
[SPEAKER_05]: She had never been to Detroit.
41:52
[SPEAKER_05]: She have a trusted relative sent her videos pictures and she get inspection and she went the properties on Section eight.
41:59
[SPEAKER_05]: She don't have a property manager.
42:00
[SPEAKER_05]: She said she don't need a property manager.
42:02
[SPEAKER_05]: She said because the rent is going directly to her.
42:04
[SPEAKER_01]: Right.
42:05
[SPEAKER_05]: And then there's property manager software is like rent ready.
42:09
[SPEAKER_05]: So if your tenant has an issue, they can print the complaint in there and they have handyman that they can send out and you just pay them.
42:18
[SPEAKER_05]: Right.
42:18
[SPEAKER_05]: So everything, you know, you can do on the computer.
42:22
[SPEAKER_02]: Wow.
42:23
[SPEAKER_02]: Wow.
42:24
[SPEAKER_02]: I go a lot.
42:25
[SPEAKER_02]: And then you know, that's is very like kind of like,
42:29
[SPEAKER_02]: I would say impressive to hear, but you know, also you're invested.
42:34
[SPEAKER_02]: You know, you can't get to emotionally attached.
42:36
[SPEAKER_02]: Yeah, definitely definitely.
42:38
[SPEAKER_02]: I mean, like, you cannot get to emotionally.
42:40
[SPEAKER_02]: People like, oh, you know, this got to look a certain way.
42:43
[SPEAKER_02]: Like, the match is not good.
42:45
[SPEAKER_05]: Yeah.
42:46
[SPEAKER_05]: It's a numbers game.
42:47
[SPEAKER_05]: Yeah.
42:47
[SPEAKER_05]: It's a numbers game.
42:49
[SPEAKER_05]: You know, and the thing is making the house clean, safe, and functional.
42:52
[SPEAKER_05]: Right, so yes, I'm but one thing I do I will make the bathroom really nice in the kitchen Right, so when people come in to rent it so they like wow Yeah, you know because you think about it you can spend a dollar on a tile or you can spend a dollar fifty and have a better one.
43:07
[SPEAKER_05]: So I'm gonna spend the extra you know fifty cents, but I'm
43:13
[SPEAKER_05]: Like, we gotta just do it.
43:15
[SPEAKER_05]: Like, it makes more sense.
43:17
[SPEAKER_05]: Like, and people always need a place to live.
43:19
[SPEAKER_05]: And so many times, we let best stop us of the unknown.
43:25
[SPEAKER_02]: Have you had any situations where, you know, it was just so scared of making the decision.
43:30
[SPEAKER_02]: It almost held you back and started to do it.
43:31
[SPEAKER_05]: So you know what?
43:32
[SPEAKER_05]: I would say in a sense, yes, because when I bet it on the property in Baltimore, right?
43:39
[SPEAKER_05]: And after the auction, I broke out in the sweat.
43:41
[SPEAKER_05]: I was like, Daniel, you know, nobody in Baltimore, what are you doing?
43:45
[SPEAKER_04]: Right.
43:45
[SPEAKER_05]: So I call the auction there.
43:46
[SPEAKER_05]: So I was like, well, when do I have to close this?
43:49
[SPEAKER_05]: Like, you have forty five days.
43:50
[SPEAKER_05]: I was like, give me the whole forty five day.
43:52
[SPEAKER_05]: So in between there, cause, you know, the devil's dog being busy.
43:56
[SPEAKER_05]: Like, you know, nobody in Baltimore, what you doing?
43:59
[SPEAKER_05]: And it was a tenant in there.
44:00
[SPEAKER_05]: So I was like, well, let me
44:03
[SPEAKER_05]: Send the tenant a letter letting them know that I own it.
44:06
[SPEAKER_05]: So they didn't respond back.
44:08
[SPEAKER_05]: So of course, I'm feeling like, oh, this is scam.
44:10
[SPEAKER_05]: Nobody ain't living there.
44:12
[SPEAKER_05]: And I was like, you know what Dana is.
44:13
[SPEAKER_05]: It's going to work out like, stop it.
44:15
[SPEAKER_05]: I even found because I asked what the tenant name I found to on Facebook, right?
44:19
[SPEAKER_05]: And I knew it was her because the pictures of the house she had on her page, uh, you know, her bedroom set or whatever.
44:26
[SPEAKER_05]: So, um,
44:27
[SPEAKER_05]: Actually, I waited till the day before we supposed to close and I went to Baltimore and I asked them to set up a meeting and I, you know, to me and I asked her, did she receive the letter?
44:37
[SPEAKER_05]: She said she didn't know if it was a scam.
44:38
[SPEAKER_05]: That's why she didn't respond.
44:40
[SPEAKER_05]: And so, but still to this day, this lady still living the house paid every month on time.
44:45
[SPEAKER_05]: It never complained about anything.
44:47
[SPEAKER_05]: Like two months ago, I just went to Baltimore first time I been there for years.
44:52
[SPEAKER_02]: And you just been making money.
44:53
[SPEAKER_02]: Yeah, she does.
44:54
[SPEAKER_05]: She does that.
44:55
[SPEAKER_05]: She does that.
44:55
[SPEAKER_05]: I mean, a money every month into my account.
44:57
[SPEAKER_02]: Wow.
45:00
[SPEAKER_03]: That's crazy, so that's a whole different side, you know, to being a landlord, cause, you know, even out here in New York, you just see the landlords, they're just crashing out.
45:10
[SPEAKER_03]: It was one time I was just driving by and somebody, I guess the owner of the property, maybe he's running like the basement or something like that, he puts a banner outside his house.
45:23
[SPEAKER_03]: This person has not paid rent in like, thirty days and they keep updating it, I'm like,
45:28
[SPEAKER_03]: This is crazy.
45:29
[SPEAKER_05]: So you know what I'm glad you mentioned that because when you invest you want to invest in a landlord friendly state.
45:36
[SPEAKER_05]: Right.
45:36
[SPEAKER_05]: So if you have to evict someone is easier to get them out.
45:41
[SPEAKER_01]: Right.
45:41
[SPEAKER_05]: So that's in New York is not a landlord friendly state.
45:44
[SPEAKER_01]: Right.
45:45
[SPEAKER_05]: So, that's one thing I do, you know, tell people search out a landlord friendly state and that stuff you can go go.
45:50
[SPEAKER_05]: Right, Google, what are the landlord friendly states and a map will come up.
45:55
[SPEAKER_05]: And you know, on the other side before you invest, like check, see if it's a landlord friendly state.
45:59
[SPEAKER_05]: See what's the rental laws are?
46:01
[SPEAKER_05]: Because there are some states where you have to have a rental license, which they just come out and expect that there's no big deal.
46:06
[SPEAKER_05]: But there are some states that you have to have a rental license to rent.
46:09
[SPEAKER_02]: Right.
46:10
[SPEAKER_02]: Right.
46:10
[SPEAKER_02]: And another thing too, you know, this brings up a great point because you know, I don't heard in the news with people, you know, landlords, they go to collect rent and they argue with the tenant.
46:20
[SPEAKER_02]: Yeah, yeah, yeah.
46:24
[SPEAKER_05]: I'm like, but you know what, and that's why honestly,
46:29
[SPEAKER_05]: You have to, if you have a tenant that's not paying, send them a notice and send the cops.
46:33
[SPEAKER_05]: Go to court to file a fiction and let them, the shelves, you know, to deal with it and stuff like that.
46:39
[SPEAKER_05]: But again, it's important what states you're invested because you don't want to have to deal with not being able to get a tenant out.
46:46
[SPEAKER_01]: Right, right, right.
46:47
[SPEAKER_03]: What are some like misconceptions, you know that people have or you know just to clear it up that about like section eight tenants.
46:54
[SPEAKER_03]: Cause a lot of people got some issues with section eight.
46:57
[SPEAKER_03]: They trash you.
46:57
[SPEAKER_05]: Yeah, so that's the biggest one that they're going to trash your apartment, if they don't pay, but section eight is paying where you might get an incident where they might have to pay like a portion of it.
47:09
[SPEAKER_05]: But those attendance, those attendance, you don't have to accept like all my attendance section eight pay.
47:16
[SPEAKER_05]: They don't pay, you don't have to accept those tenants.
47:20
[SPEAKER_05]: They're not going to really trash your apartment because in some county section they will take their vouchers.
47:28
[SPEAKER_05]: But that's the most misconception that I hear is that somebody going to trash it.
47:33
[SPEAKER_05]: And once I even had a cash tenant and I don't allow pets.
47:38
[SPEAKER_05]: She had a pet, she had the dog, boo boo all over the house and walked through the house.
47:44
[SPEAKER_05]: But the contract to just came and changed the carpet.
47:47
[SPEAKER_05]: I didn't have to go in there, you know, and do it.
47:50
[SPEAKER_05]: But those are the most misconceptions which in a lot of times it come from not knowing.
47:56
[SPEAKER_05]: I never had a tenant, but to be honest, it could happen.
48:01
[SPEAKER_05]: I'm not going to act like it can't have, but you just deal with it when it does.
48:07
[SPEAKER_03]: Do you find like the properties that's already like section eight or do you like you know find tenants who like they have the voucher?
48:16
[SPEAKER_05]: So any house can be section eight, right?
48:18
[SPEAKER_05]: Dependent on how much rent you can.
48:21
[SPEAKER_05]: You charge it, right?
48:23
[SPEAKER_05]: Let's just say you buy a house and you need your rent to be twenty, um, two thousand dollars.
48:29
[SPEAKER_05]: But section eight only cover fifteen hundred.
48:32
[SPEAKER_05]: So that would not be section eight because you want too much rent.
48:35
[SPEAKER_00]: Right.
48:35
[SPEAKER_05]: So that's why I tell people before they even buy.
48:38
[SPEAKER_05]: Go to her user.gov or even go to the section eight website.
48:42
[SPEAKER_05]: to see exactly how much rent you can collect before you buy a house because let's think about you think section eight going pay rent for somebody live in a half a million dollars right so why would you buy a half a million dollars for and a lot of times it's the houses in the city that you know that you buy yeah that's going to cash flow really good
49:04
[SPEAKER_02]: What's some, I mean, you dealing with a lot of money, you know, when it comes to like income, spending money, you know, to be able to start making more money, like what's some principles that you learn, you know, when it comes to dealing with money overall?
49:20
[SPEAKER_05]: So one is definitely budgeted right and that's something that I learned at a young age right everything out because a lot of times we don't know what I monthly bills or what's going out right so really just right and down everything like all your expenses and seeing what money that's coming in and just staying on top of your bills.
49:41
[SPEAKER_05]: right making sure like I said everything on autopilot right because I have a lot of credit cards like over a hundred credit cards so I paid everything on autopilot and I paid at least just the minimum and then I will go in and pay more so that I never forget you know and have a late payment yeah
49:57
[SPEAKER_02]: And then outside of being an investor, growing a business, how about tax strategies?
50:05
[SPEAKER_02]: What kind of tax strategies has real estate allowed you to be able to do in your field?
50:11
[SPEAKER_05]: Yes.
50:12
[SPEAKER_05]: So you're definitely going to save money on taxes when you invest in real estate because you can write off the whole purchase of the property on your taxes as if it's investment property versus your primary.
50:25
[SPEAKER_05]: So if you buy a property for you live in, you can write off the interest.
50:29
[SPEAKER_05]: right but investment property you can so um one of my ex co-workers came to me and he just retired from the post office after work game thirty five years and he had got um what's called at the savings is I'll be timing it was three hundred thousand dollars a meal the our best took a hundred thousand dollars right away seriously one third then when I found his taxes between
50:57
[SPEAKER_05]: Georgia in the arrest Georgia taxes state taxes in the arrest.
51:01
[SPEAKER_05]: He had old another hundred thousand that mean he was stuck with one thousand.
51:05
[SPEAKER_05]: I hated the call when I called to myself you sitting down.
51:08
[SPEAKER_05]: So it was like yeah, I'm sitting down.
51:10
[SPEAKER_05]: So I was like you.
51:12
[SPEAKER_05]: Oh, the arrest.
51:14
[SPEAKER_05]: sixty thousand in the state forty oh i'm good um... because i was about to tell him a strategy he could have did right and best in a real estate so he was like i'm good i just want to pay these people a money um... laws i got enough money to get a haircut once a month and go to crack about three times i'm good i'm like you just work thirty five years and get them back two hundred thousand dollars
51:39
[SPEAKER_05]: and you happy with Crackabout and the haircut when he could have bought a property right and got all that money back because he was like yeah I see what you doing on mine with the credit cards but I don't own nobody anything I couldn't even say anything I was like I didn't have the energy
51:55
[SPEAKER_05]: And now you're trying to be funny, but men sometimes do not want to list them.
52:00
[SPEAKER_05]: They do not want to listen to women, but I was like, you know, for thirty five years.
52:04
[SPEAKER_05]: And if you just brought a property, you'd have got all that money back.
52:09
[SPEAKER_05]: And this is the thing where, you know, as we make it money,
52:13
[SPEAKER_05]: Let's just say you take three hundred thousand and buy a house cash right now you can write that three hundred thousand off of your taxes then you can borrow a guess at tax rate right and this is the strategies like they need to be telling people that most people don't even know like my tax bill is like Donald Trump's
52:33
[SPEAKER_05]: Little to nothing.
52:34
[SPEAKER_05]: Like I'm not.
52:35
[SPEAKER_05]: I'm not.
52:36
[SPEAKER_05]: I'm not giving up.
52:38
[SPEAKER_05]: No.
52:39
[SPEAKER_05]: Right.
52:39
[SPEAKER_05]: And I always say it's two reasons why people invest in real estate.
52:42
[SPEAKER_05]: One is cash flow.
52:44
[SPEAKER_05]: Right.
52:44
[SPEAKER_05]: And the other one is the save on taxes.
52:46
[SPEAKER_05]: Right.
52:47
[SPEAKER_05]: So you making a lot of money by a property cash.
52:50
[SPEAKER_05]: And then you can borrow right a back from not property with a DSC on loan.
52:56
[SPEAKER_05]: Right.
52:56
[SPEAKER_05]: Have cash in your pocket and also pay the tax bill with the same money.
53:00
[SPEAKER_02]: Yeah, so what do you think it was with that guy like was it just like the messenger that's coming with the message or just a mindset or I think both I think any on a house which is crazy.
53:14
[SPEAKER_05]: Yeah, right, but I think it's just a whole invest in and I think sometimes is
53:21
[SPEAKER_05]: the messenger, right?
53:23
[SPEAKER_05]: Because I do get a lot of women more than men in my program.
53:28
[SPEAKER_05]: It's just sometimes men and I don't know what it is.
53:32
[SPEAKER_05]: So it had a bit of ego that ate ego because he was like, yeah, I see what you doing online with that credit, but I don't know about it.
53:38
[SPEAKER_05]: And I was like, okay, but guess what?
53:40
[SPEAKER_05]: I'm gonna crack about every day if I want to.
53:43
[SPEAKER_05]: Right?
53:45
[SPEAKER_05]: And who, like, like, you even talking about lobster and waffles, you talking about emotional stuff?
53:51
[SPEAKER_05]: You're talking about cracker.
53:53
[SPEAKER_05]: But look, if you love it, I love it.
53:55
[SPEAKER_05]: But it's just, it's just the lack of knowledge.
53:57
[SPEAKER_05]: And I hate that he just gave, he worked thirty-five years.
54:01
[SPEAKER_05]: And, you know, money that he saved out is he gave the RS and the state, two hundred thousand right back.
54:08
[SPEAKER_05]: And then even if he would have took like one to took the money lump sum, he could have saved on taxes that way versus just pulling out the little twenty dollars he need to go to crack about it and saying like just take a portion of it out every month, he wouldn't have to give the IRS so much money.
54:25
[SPEAKER_05]: But nobody teach that that information personally when you be timing from jobs.
54:30
[SPEAKER_05]: And there's so many with people with time from jobs and going to get second jobs because
54:35
[SPEAKER_05]: They not making the money that they thought they was.
54:38
[SPEAKER_05]: And when you think about, when you spend the most money is when you off.
54:44
[SPEAKER_01]: Right?
54:44
[SPEAKER_01]: So.
54:44
[SPEAKER_01]: Yeah, free to.
54:45
[SPEAKER_05]: And when you, yeah, every day is all day.
54:48
[SPEAKER_01]: Right.
54:48
[SPEAKER_05]: So you spend the more money and you're not making more.
54:51
[SPEAKER_05]: You make them less than when you work so how you really going to survive.
54:54
[SPEAKER_05]: So so many people are going to get second job.
54:56
[SPEAKER_05]: So I'm like, if you were to just get one property to properties.
55:00
[SPEAKER_05]: You know, I'm saying you wouldn't have to vote that second job.
55:04
[SPEAKER_03]: Right.
55:04
[SPEAKER_05]: What I job after you retired.
55:06
[SPEAKER_03]: Yeah, so sometimes I think too is like, you know, being that he's been working at the post office for some time.
55:12
[SPEAKER_03]: It's like, he's just conditioned to play everything safe.
55:16
[SPEAKER_03]: Correct.
55:16
[SPEAKER_03]: Follow the rules, you know, be a good worker.
55:19
[SPEAKER_03]: because you've got to work thirty five years, you've got to be listening to your boss every day.
55:24
[SPEAKER_03]: So it's really hard to even break out at that condition.
55:27
[SPEAKER_03]: And so, you know, it's sad to see that because that's a lot of money just he just gave away.
55:34
[SPEAKER_05]: But that's how people, that's how we all condition.
55:37
[SPEAKER_05]: to work a job, you know, go to college, work a job, and really not taught about entrepreneurship.
55:45
[SPEAKER_05]: And there's a struggle.
55:46
[SPEAKER_05]: I'm not going to act like it's easy.
55:48
[SPEAKER_05]: It's not because you have to, you work in longer hours.
55:52
[SPEAKER_05]: In a lot of times, people that work jobs don't understand when I be like, I'm busy.
55:57
[SPEAKER_05]: They probably like, busy doing what.
55:58
[SPEAKER_05]: But I've been on the phone all day on mentorship course.
56:01
[SPEAKER_05]: I don't want to talk on the phone.
56:03
[SPEAKER_05]: Like, I just don't.
56:05
[SPEAKER_05]: So we work harder
56:07
[SPEAKER_02]: as entrepreneurs because when you work a job you work a nine to five you get off your time is yours but a lot of times we're in front of the computer twelve fourteen hours and then free but it's worth it yeah the payoff is definitely there so now as for you you know like what I realized too like you have a huge community right where there's people that actually wants to invest in the real estate like
56:33
[SPEAKER_02]: Do you guys usually do like trips from like to go to certain places like Cleveland Detroit?
56:38
[SPEAKER_05]: Yes, so normally I do Cleveland Detroit and I do Atlanta to some time, but this year I'm only doing Detroit, right?
56:48
[SPEAKER_05]: So we're because Detroit have a big auction in September, which is online, but I like to take them to one walkthrough properties that we have coaches in Detroit.
56:58
[SPEAKER_05]: and plus to see different areas.
57:00
[SPEAKER_05]: And how to analyze a deal from the outside, because when you buy properties from auctions, you can't go inside.
57:05
[SPEAKER_05]: So you have to know how to analyze it from just looking at the outside of a property.
57:10
[SPEAKER_05]: So that's what we go to Detroit to do.
57:14
[SPEAKER_02]: So what's like one of those biggest mentees, success stories that you probably won't, I mean, you don't drop them all right.
57:20
[SPEAKER_02]: But like, what's one that almost probably like shed it, made you almost shed a tear, some like,
57:25
[SPEAKER_05]: So honestly, my one would be, I had a mentee that was eighty six years old, that board of property.
57:33
[SPEAKER_05]: And she was like, that I wanna leave, you know, some real estate to my family.
57:39
[SPEAKER_05]: Yeah, so she was like, I'm not, I'm not giving up.
57:43
[SPEAKER_05]: So I get this property and she got her property.
57:46
[SPEAKER_05]: Yeah, so I would say that's the biggest one because a lot of times people look at the age and think I'm too old because some time I be feeling like that because I'm looking at the years that I wasted and I'm like gosh if I wouldn't have been living ghetto fabulous I could have been so much further along but I understand everything is in God timing right you know and stuff and that's why when I be telling people that as far as like certain things I want to slow down because I want to spend more time with my grandkids I want to travel more
58:12
[SPEAKER_05]: Right, and I don't want to be tied to a computer.
58:14
[SPEAKER_05]: Like I'm always going to invest, right, but I don't know like what mentorship looks like moving into the next years.
58:23
[SPEAKER_01]: Yeah, yeah, yeah, eighty six eighty six years old.
58:30
[SPEAKER_05]: So it's like she was like
58:33
[SPEAKER_05]: I got to get a property.
58:35
[SPEAKER_05]: I got to get a property.
58:36
[SPEAKER_05]: And we were like, wow.
58:39
[SPEAKER_05]: But yeah.
58:40
[SPEAKER_03]: So you've been making money off the internet prior to before the internet became such a popular thing online and things like that.
58:49
[SPEAKER_03]: But now you're switching to the digital space.
58:52
[SPEAKER_03]: I know, I see on your Instagram, you got like, thirty, six hundred posts.
58:56
[SPEAKER_03]: So it seems like you're really consistent when it comes to the content.
58:59
[SPEAKER_03]: So how has content, you know, helped you, helped your business, helped you spread the message.
59:05
[SPEAKER_03]: And you know, now you get to reach more people now, because now they're seeing you do it.
59:08
[SPEAKER_03]: They're like, oh, I can do it too.
59:10
[SPEAKER_05]: So yeah, so content has really helped to let people know that it's possible in spite of, right?
59:19
[SPEAKER_05]: And even though I show a lot of the good, right?
59:22
[SPEAKER_05]: But no, I show something to bad too, but I think I need to start showing way back or talk about way back, right?
59:30
[SPEAKER_05]: Because a lot of times people seem where I'm at now and don't know what she was a teenage mom.
59:35
[SPEAKER_05]: She was working three jobs.
59:38
[SPEAKER_05]: You know, she had to leave her kids at home while she worked and stuff like that.
59:42
[SPEAKER_05]: And a lot of times people think I can't do it because I am working three jobs on working the nine to five because like I said when I started investing, I was still working at the post office and had a tax business and had a husband and had a baby.
59:55
[SPEAKER_05]: right but had to find the time to do it and you know a lot of times people make up all the excuses why they can't do something right so I feel that content is really important to get the message out so we can inspire someone
1:00:09
[SPEAKER_03]: I can't even lie.
1:00:10
[SPEAKER_03]: What I even got from that episode so far is sometimes it takes like that one person to sit down and really break the generational crisis.
1:00:21
[SPEAKER_03]: Even the patty was heading in, you know, had kids early, lived in the projects, but you still figured out real estate, which now you could pass on.
1:00:31
[SPEAKER_03]: And free, basically, the rest of your family.
1:00:35
[SPEAKER_03]: So it was crazy.
1:00:36
[SPEAKER_03]: It was crazy.
1:00:37
[SPEAKER_04]: Yeah.
1:00:38
[SPEAKER_02]: So as far as like, you know, you with with some of the things you enjoy doing outside of this thing, you know, like with with some of your interests and hobbies.
1:00:47
[SPEAKER_05]: So what I like doing is I love cruising, right?
1:00:52
[SPEAKER_05]: And I love looking at the water.
1:00:53
[SPEAKER_05]: And I'm not getting in the water.
1:00:54
[SPEAKER_05]: I don't know how to swim.
1:00:55
[SPEAKER_05]: I'm not getting in that water, right?
1:00:57
[SPEAKER_05]: But I love cruising.
1:00:59
[SPEAKER_05]: I love going to Hawaii and sitting on the balcony and just looking at the water and just thinking,
1:01:04
[SPEAKER_05]: course I love shopping right I love shopping and I'm like spending time with my grandkids I love spending time with my grandkids and my family So it with you know all the assets and everything you know that you own you know, especially you know being in real estate like
1:01:24
[SPEAKER_03]: How do you plan on like, especially, you know, you got the grandkids, you got the, like, how do you plan on setting them up, you know, keep the wealth going on?
1:01:30
[SPEAKER_05]: Yeah, so definitely in a trust, because honestly, my son, he's gonna sell everything.
1:01:37
[SPEAKER_05]: I already know it.
1:01:38
[SPEAKER_05]: He, he, he, he, he going sell, like, I want to buy him a car, a new car for his birthday.
1:01:41
[SPEAKER_05]: He was like, I can't afford what he want.
1:01:43
[SPEAKER_05]: So I don't even know what he want.
1:01:45
[SPEAKER_05]: And so you don't always talk to him about, like, when I pass on and you get insurance money,
1:01:52
[SPEAKER_05]: Um, don't go by a car by a property.
1:01:54
[SPEAKER_05]: I said because if you buy a apartment building, that will be your car payment for the rest of your life.
1:01:59
[SPEAKER_05]: And he was like, I'm not gonna do that.
1:02:00
[SPEAKER_05]: I was like, I got something for you.
1:02:02
[SPEAKER_05]: So you won't even get the money.
1:02:03
[SPEAKER_05]: You're saying so.
1:02:04
[SPEAKER_05]: Go to trust and you can get, you know, portions and stuff like that.
1:02:08
[SPEAKER_05]: But I always tell him that, but I know it's in his head.
1:02:12
[SPEAKER_05]: So I know him, but like, well, you know what my mother said this, so let me do that.
1:02:15
[SPEAKER_05]: But my daughters and my grandchildren, you know, like my daughters, they have properties and stuff like that.
1:02:21
[SPEAKER_05]: And, you know, gonna pass stuff down through them through trust and stuff.
1:02:25
[SPEAKER_05]: But yeah, but if not, my son already know he's selling everything.
1:02:28
[SPEAKER_05]: Like, and he's gonna be living ghetto fabulous.
1:02:35
[SPEAKER_02]: So when it comes to a state plan and like every single property that you purchase like how do you really like you know managed because you know we had storm on a podcast for and one of the things he mentioned was every single property that he buys he has three different LOCs because one that buys it was that holes it was that that's the management like
1:02:56
[SPEAKER_05]: So I don't do all in all I don't do I don't do all in that so I have and I don't even have a property for I don't have a LLC for each property I just lump them up and like I might have ten cuz the property is all under a hundred thousand dollars so I would have ten in this LLC ten in this LLC ten in that LLC
1:03:14
[SPEAKER_05]: because I think about leverage.
1:03:16
[SPEAKER_05]: But if I want to go to the bank to borrow against this LLC, if I got one property in the LLC, and it's not making no money, because the money is going somewhere else, then I came borrow against it.
1:03:27
[SPEAKER_05]: But if I can show the bank well, this LLC blend in, let's say, ten thousand dollars a month.
1:03:33
[SPEAKER_05]: You know, I'm saying, yeah, then I can borrow against it to get extra, you know, more money to invest.
1:03:39
[SPEAKER_05]: So I'm think so in there's no way to wrong.
1:03:41
[SPEAKER_01]: Right.
1:03:42
[SPEAKER_05]: You know, I'm saying, like I said, some people like T-mobles, some people like realize and everybody had their preference.
1:03:46
[SPEAKER_05]: So there's no way to wrong.
1:03:53
[SPEAKER_03]: It was a lot of game.
1:03:54
[SPEAKER_03]: It was a lot of game.
1:03:56
[SPEAKER_03]: I do want to jump a little bit into your mentorship side because you know we we want to cubs you know angially you spot Yesterday it was a big turnout and one thing I noticed is a lot of women And it's a work was there heavy so I'm pretty sure your mentorship group is like real tight So like how has been a mentor you know
1:04:21
[SPEAKER_03]: like kind of helped you in a way, you know, seeing people, like help people transform their lives.
1:04:25
[SPEAKER_05]: So yeah, so, um, yeah, I love my mentees.
1:04:29
[SPEAKER_05]: Even though sometimes it's just me out, sometimes it's just me out.
1:04:32
[SPEAKER_05]: Cause sometimes I want more for people than they want for themselves, right?
1:04:37
[SPEAKER_05]: And one thing I do in my mentorship instead of like just giving them the information, right?
1:04:41
[SPEAKER_05]: What I do is I teach.
1:04:43
[SPEAKER_05]: I show you and then you do why we on the call so that I make sure they understand it so I think that's why they really appreciate it and some of them you know first generation investors like they don't know anyone else that invest so when I see people buying houses or just telling me how I change their life
1:05:02
[SPEAKER_05]: Um, it feels good.
1:05:03
[SPEAKER_05]: It feels good because I'm gonna be honest like in school.
1:05:07
[SPEAKER_05]: I was that person that didn't know anything and wouldn't even raise my hand.
1:05:11
[SPEAKER_05]: I'm shy.
1:05:11
[SPEAKER_05]: I'm really really shy, right?
1:05:13
[SPEAKER_05]: So I'm not even really a talker.
1:05:15
[SPEAKER_05]: Yeah, and for me coming out of my, my shell and I'm like, this is my call and I say here people say what they call and what I'm like, they just talk.
1:05:26
[SPEAKER_05]: right but then once I started teaching I was like I enjoyed this even though I'd be like I'd be wanting to stop right but then once I get on the call I'd be like you know what they got before another week
1:05:41
[SPEAKER_05]: yesterday felt good you know everybody like just coming back for something nobody come on my daughter's like a you crazy just like mom you know everybody love you you know you come as yeah yeah yeah just from different different cities some people drove a few hours like the support was yeah and you know what because it's like I'm not meant so that's going to get on you
1:06:03
[SPEAKER_05]: Like you gonna work you gonna do this for yourself and your family like I don't want to hear it like it's like zero tolerance.
1:06:09
[SPEAKER_05]: I remember one time this man told my daughter I can't believe she's talking to me like that I'm wasn't up to being a father.
1:06:16
[SPEAKER_05]: I was like you know it's all love
1:06:18
[SPEAKER_05]: right because I get mad if you're not believing in yourself.
1:06:21
[SPEAKER_05]: Like you gotta make a decision to do this and that's one what I always saw people like you gotta get mad and this will make a decision and your life will change because my life changed once I made a decision once I made a decision I had to do what I needed to do to take care of these kids once I made a decision that I was going to invest in real estate doing the skin not knowing what we was doing right so once you make a decision
1:06:45
[SPEAKER_05]: Right, and bet on yourself, and bet the be is for belief that you can do it.
1:06:49
[SPEAKER_05]: He is for educate, educate yourself, and tears for a transformative person.
1:06:54
[SPEAKER_05]: And it's going to happen.
1:06:56
[SPEAKER_05]: But you have to make a decision and bet on yourself.
1:06:59
[SPEAKER_03]: Right.
1:07:00
[SPEAKER_03]: So yeah, you got it.
1:07:01
[SPEAKER_03]: I was going to say, so what do you see as a difference within your mentors?
1:07:06
[SPEAKER_03]: Like, I mean, your mentees, like the people who succeed and the people who don't like don't do the work.
1:07:14
[SPEAKER_05]: So the people that don't do the work, I think a lot of times it's their environment.
1:07:18
[SPEAKER_05]: It's the people that they they're not showing up to the calls, right?
1:07:22
[SPEAKER_05]: They talking to people that's discovering them or and they just don't believe.
1:07:29
[SPEAKER_05]: Because if you and I always tell them, you gotta get on the calls.
1:07:33
[SPEAKER_05]: Every Monday morning, we have a mindset call.
1:07:36
[SPEAKER_05]: Like you have to get on those calls.
1:07:38
[SPEAKER_05]: If you have a question, get on, ask the question, or reach out to the team, right?
1:07:43
[SPEAKER_05]: I have five assistants, like, you know, you can't get on the phone with me all the time, right?
1:07:48
[SPEAKER_05]: But I have five assistants that's accessible, right?
1:07:52
[SPEAKER_05]: My daughter's like a little, that's like talking to her, is like talking to me, right?
1:07:56
[SPEAKER_05]: So you have someone that can help you, but a lot of times people not taking the vanage.
1:08:01
[SPEAKER_05]: They're not taking the vanage.
1:08:03
[SPEAKER_02]: So, you know, you've came a long way in, you know, in this episode, you definitely mentioned a lot of different timelines.
1:08:12
[SPEAKER_02]: You know, you definitely came a long way.
1:08:14
[SPEAKER_02]: You know, in your journey, like, how his faith, like, what was the biggest, you know, thing that, that, that, that
1:08:32
[SPEAKER_02]: I don't know how to say it, but like, what was the biggest?
1:08:38
[SPEAKER_02]: How did you build your faith along this journey?
1:08:40
[SPEAKER_05]: You get, I mean, how are you able to really take your... So, I think, for me, it was my, what and more for my children, right?
1:08:50
[SPEAKER_05]: So, I think I was about probably like eight years old in New York City and the projects, right?
1:08:57
[SPEAKER_05]: And I remember my mom, my mom told me,
1:09:00
[SPEAKER_05]: to go down the block to get something from her friend Tess, right?
1:09:06
[SPEAKER_05]: So as I'm walking down the block, a man stopped me.
1:09:09
[SPEAKER_05]: He was like, do you know Renee?
1:09:10
[SPEAKER_05]: I'm in the projects.
1:09:12
[SPEAKER_05]: No, about a million Renee's.
1:09:14
[SPEAKER_05]: So I was like, yeah, I know Renee because it was was one of my best.
1:09:17
[SPEAKER_05]: I said, yeah, I know Renee.
1:09:19
[SPEAKER_05]: He was like,
1:09:20
[SPEAKER_05]: I'm going to the store to get her gingerbell.
1:09:22
[SPEAKER_05]: She's not feeling good, but I don't have time to take it back to her.
1:09:26
[SPEAKER_05]: Can you take it?
1:09:26
[SPEAKER_05]: I give you five dollars.
1:09:27
[SPEAKER_05]: So of course what I'm thinking about, poor five dollars.
1:09:31
[SPEAKER_05]: So he's talking to me.
1:09:32
[SPEAKER_05]: So me while we go across the street, but the store's on the outside, but he's talking and I'm just thinking about the five dollars.
1:09:39
[SPEAKER_05]: So he's trying the door knobs.
1:09:42
[SPEAKER_05]: Um, to get into the building.
1:09:43
[SPEAKER_05]: So we going to one building, but he's steady talking, acting with size.
1:09:47
[SPEAKER_05]: I, of course, I have like three outfits.
1:09:48
[SPEAKER_05]: One pair of shoes.
1:09:49
[SPEAKER_05]: So he's talking about his sister got some clothes.
1:09:51
[SPEAKER_05]: I can have and stuff.
1:09:52
[SPEAKER_05]: What size do I wear?
1:09:53
[SPEAKER_05]: So now we in the building.
1:09:54
[SPEAKER_05]: So I was like, well, I don't know what size I wear.
1:09:57
[SPEAKER_05]: So he told me to stand like this and he rubbed his cell for me.
1:10:01
[SPEAKER_05]: And then, you know, still talking.
1:10:04
[SPEAKER_05]: He was like, wait right here.
1:10:05
[SPEAKER_05]: He walked up the desk, Bobby was going to see if the roof was open, and I ran.
1:10:09
[SPEAKER_05]: When I ran, and of course my mother beat my ass, because where was you at when I told you to go through something?
1:10:14
[SPEAKER_05]: And that day, I said, I never wanted my children to be impressed by any amount of money.
1:10:20
[SPEAKER_05]: So that's my draw, because I almost got raped for five dollars, or could it got killed for five dollars?
1:10:26
[SPEAKER_05]: And like I said, my children cannot tell you a struggle story, right?
1:10:29
[SPEAKER_05]: Because I made sure
1:10:32
[SPEAKER_05]: that I was able to provide for them, what they first diamonds, always took them on vacation, they first pocketbook, they first mean code, first call, you know what I'm saying, always did that person, they would never be impressed by anything, even growing up, just making sure they had money and they pocketed because I didn't want them to be in that situation.
1:10:52
[SPEAKER_05]: So I think my drive for me being successful, go way back, it goes way back.
1:11:02
[SPEAKER_03]: That's the original.
1:11:06
[SPEAKER_03]: And the hardware paid off for sure.
1:11:08
[SPEAKER_01]: Yeah.
1:11:09
[SPEAKER_03]: That's definitely amazing.
1:11:11
[SPEAKER_03]: I feel like this was a really, this was a really good one.
1:11:16
[SPEAKER_03]: Personally, you learned a lot.
1:11:18
[SPEAKER_02]: Absolutely.
1:11:19
[SPEAKER_02]: I think a lot, one of the things I really, really liked about this whole thing, I've seen the credit cards all the time, but when you explain the whole strategy, how you take the credit cards, you go to a place like the Detroit auction, you buy it, because they allow the credit cards.
1:11:33
[SPEAKER_02]: And then you go ahead a few months later, refindance, pay off the credit cards, you got the property and you start, you know, cash flowing, you have a single month.
1:11:41
[SPEAKER_02]: So that's definitely a gold game play right there.
1:11:44
[SPEAKER_03]: Before we do close, I didn't want to ask you to, how do you, um, cause I'm pretty sure you get a lot of deals presented to you, like, hey, I got this property here.
1:11:52
[SPEAKER_03]: How do you break down, like, the math and what makes sense and what doesn't?
1:11:57
[SPEAKER_05]: So if a person bring me a deal, and let's just say it's a fix and flip.
1:12:02
[SPEAKER_05]: So first I need to know what's the ARB stands for after repair value.
1:12:06
[SPEAKER_05]: So what is this property is going to be worth after is rehab, right?
1:12:10
[SPEAKER_05]: So if I will get a realtor to pull me cops, cops, it's comparable properties that sold in that area.
1:12:16
[SPEAKER_05]: That's the same square footage, same size, right?
1:12:20
[SPEAKER_05]: find three adults and then you divide it by three like give you the ARB of your subject property right so as an investor you don't want to be more in than seventy percent of the ARB so even number six let's just say the property ARB's two hundred thousand seventy percent is a hundred and forty thousand right so now I need to assess what the repairs are right so let's just say
1:12:44
[SPEAKER_05]: The property is a thousand square feet and it looks like it need a four we have so four we have might be forty dollars per square foot so it was a thousand square foot forty thousand is what forty thousand right so now remember as investor I don't want to be all in more than what a hundred and forty thousand dollars right so if I subtract that forty thousand from the hundred and forty that means that I shouldn't pay more than a hundred thousand for that house
1:13:11
[SPEAKER_05]: So that's how I determine if it's a fix and flip, right?
1:13:14
[SPEAKER_05]: If it's a buying hole now, I'm going to return on the best man, right?
1:13:18
[SPEAKER_05]: So we turn on the best man.
1:13:19
[SPEAKER_05]: So I'm going to look at how much man I can collect.
1:13:22
[SPEAKER_05]: I'm going to multiply that by twelve.
1:13:25
[SPEAKER_05]: And then I'm a divide that by my all-in-course, the purchase price and if it need rehab, and then depending on what that point number is, is how I determine.
1:13:34
[SPEAKER_05]: So Luzia, I like my point to be at least, really like, sixteen points are up, so point sixteen percent.
1:13:40
[SPEAKER_05]: So that's how I determine if it's a good deal or not.
1:13:43
[SPEAKER_05]: Well, the, you know, on the strategy, if it's a fixed flip or a buy hole.
1:13:47
[SPEAKER_01]: It's nice, nice, nice, nice.
1:13:49
[SPEAKER_02]: Wow.
1:13:50
[SPEAKER_02]: But that's definitely the whole science behind this.
1:13:53
[SPEAKER_02]: You know, and you do have the AI software coming soon.
1:13:57
[SPEAKER_02]: Is that some you want to show on the park?
1:13:59
[SPEAKER_05]: So yes.
1:14:01
[SPEAKER_05]: So probably the end of September, October.
1:14:04
[SPEAKER_05]: So I'm doing all in real estate platform for investors where you'll be able to locate properties identify the landlord states and make sure the landlord friendly state
1:14:16
[SPEAKER_05]: Check the crime rate, check how much rent you can collect from Section A. It's also going to be teaching in there from what an AR avatar.
1:14:25
[SPEAKER_05]: You're going to be able to upload your credit report.
1:14:27
[SPEAKER_05]: It tells you what bank you can go to for funding.
1:14:32
[SPEAKER_05]: It's going to do the return on investment for you.
1:14:33
[SPEAKER_05]: I know I just broke it down.
1:14:34
[SPEAKER_05]: That was a lot, but you could just spend those numbers in and it's going to do it for you.
1:14:38
[SPEAKER_05]: It's also going to analyze, you're depending on your rehab course and it's going to analyze that for you too.
1:14:44
[SPEAKER_05]: And I'm pretty sure it's going to do some more stuff that I'm not really thinking of, but yeah, so that should be out.
1:14:49
[SPEAKER_05]: Let's just say the first of our top up.
1:14:51
[SPEAKER_02]: Right.
1:14:51
[SPEAKER_02]: Yeah.
1:14:52
[SPEAKER_02]: So this is going to be the go-to software and the go-to system that the people are going to use.
1:14:57
[SPEAKER_02]: Yeah.
1:14:58
[SPEAKER_05]: Oh yeah, and pull comps too.
1:14:59
[SPEAKER_05]: So you won't need a relative of pull comps for you.
1:15:01
[SPEAKER_05]: Oh.
1:15:01
[SPEAKER_05]: Oh, and you're going to be able to find, oh, yeah.
1:15:05
[SPEAKER_05]: You're going to be able to find tax lien properties.
1:15:08
[SPEAKER_05]: Well, yeah, tell you tax lien websites because that's what you don't want it on this thing.
1:15:12
[SPEAKER_05]: How do I find the website right?
1:15:13
[SPEAKER_05]: So you can be able to talk to it and ask the AI agent to give you the website for the tax lien.
1:15:21
[SPEAKER_02]: So there's multiple different strategies that they can do with this.
1:15:24
[SPEAKER_05]: Oh, yes, within the software.
1:15:25
[SPEAKER_05]: Yes, it's going to be dope.
1:15:27
[SPEAKER_02]: This is going to take over the industry.
1:15:29
[SPEAKER_05]: Yeah, that's what my friend told me.
1:15:31
[SPEAKER_02]: That's what you're going to take over the industry.
1:15:40
[SPEAKER_02]: Okay.
1:15:42
[SPEAKER_03]: It's amazing how you've been in the game for a while.
1:15:43
[SPEAKER_03]: You know, you still stay on top of the trends.
1:15:46
[SPEAKER_03]: Yeah, it's coming out.
1:15:47
[SPEAKER_03]: He's a little fearful, but it's all about, you know, understanding and working, being able to work with it.
1:15:53
[SPEAKER_03]: So see you, you're going to hear creating your own suffering.
1:15:56
[SPEAKER_03]: Yeah.
1:15:56
[SPEAKER_05]: Yeah.
1:15:57
[SPEAKER_03]: That's amazing.
1:15:58
[SPEAKER_05]: Okay.
1:15:58
[SPEAKER_05]: Because that's what the money is really.
1:15:59
[SPEAKER_05]: You know what I'm saying, the tech and stuff like that.
1:16:02
[SPEAKER_05]: Even though people like the, the coaching and stuff like that,
1:16:07
[SPEAKER_05]: But you figure if you have a software, it might be in the middle of the night.
1:16:11
[SPEAKER_05]: You might want to look up houses versus or just learn something versus having to get on the call with me at seven o'clock.
1:16:17
[SPEAKER_05]: You might not be available at seven o'clock.
1:16:19
[SPEAKER_05]: So this you can, you know, on demand actually.
1:16:25
[SPEAKER_02]: Right, right, right.
1:16:26
[SPEAKER_02]: One last thing I do want to touch on before we, you know, before we wrap, um, you know, that last day at your job, you know, you posted a video about pulled up in the land.
1:16:36
[SPEAKER_02]: And you dropped off your... Yeah, yeah, yeah, yeah, that's a nice show.
1:16:39
[SPEAKER_02]: Yeah, that's a nice show.
1:16:40
[SPEAKER_02]: How did that day look like for you?
1:16:42
[SPEAKER_02]: What was the feelings in the emotion?
1:16:43
[SPEAKER_05]: So, um, actually, I was nervous and I was about to cry, right?
1:16:49
[SPEAKER_05]: So, I, so I went out of work
1:16:54
[SPEAKER_05]: September, six, two thousand, eight, ten.
1:16:57
[SPEAKER_05]: So after five months, they finally gave me workman's comp, right?
1:17:01
[SPEAKER_05]: So obviously, workman's comp for probably about two years, then that had surgery on my right shoulder.
1:17:07
[SPEAKER_05]: So I went to the doctor, and I messed up your arm.
1:17:09
[SPEAKER_05]: I went to the doctor, and I had my Rolex, my Louis Vuitton loafers, my pocketbook, so he judged me.
1:17:16
[SPEAKER_05]: He was like, you want to have surgery on your left shoulder.
1:17:19
[SPEAKER_05]: I said no, he said you can go back to work.
1:17:21
[SPEAKER_05]: And I said, go back to work, like my right show does not even write, but he's thinking I'm living off of work with my cop, two thousand dollars.
1:17:27
[SPEAKER_05]: My pocket book is more than two thousand dollars, like, but anyway, so I didn't go, right?
1:17:32
[SPEAKER_05]: Because I was doing my thing.
1:17:33
[SPEAKER_05]: I don't who in real estate have a fun to come need credit.
1:17:38
[SPEAKER_05]: Supervisor watching my pay chain.
1:17:41
[SPEAKER_05]: She sent me a letter now.
1:17:42
[SPEAKER_05]: This is twenty twenty.
1:17:43
[SPEAKER_05]: So she sent me a letter come back to work.
1:17:46
[SPEAKER_05]: So I wasn't going to go.
1:17:47
[SPEAKER_05]: Right.
1:17:48
[SPEAKER_05]: So the junior rep call me was like, Dana, if you don't need the job, just quit because the Supervisor is going to fire you.
1:17:53
[SPEAKER_05]: I was like, I don't care.
1:17:55
[SPEAKER_05]: So right.
1:17:56
[SPEAKER_05]: So they're not going to the boss.
1:17:56
[SPEAKER_05]: I'm like, give me that satisfaction.
1:17:58
[SPEAKER_05]: That's like I got something for her.
1:17:59
[SPEAKER_05]: Right.
1:18:00
[SPEAKER_05]: So I pulled up the paper.
1:18:02
[SPEAKER_05]: I called the action where I get the paper to be signed.
1:18:04
[SPEAKER_05]: So I drove up there in the Lamborghini pulled up and I went in between shifts where people was coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up and coming up coming up and coming up coming up and coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up coming up
1:18:27
[SPEAKER_05]: I was about to cry.
1:18:29
[SPEAKER_01]: Why?
1:18:29
[SPEAKER_05]: Because I was letting go.
1:18:32
[SPEAKER_05]: Now I haven't been getting paid for two years, but I was just letting go.
1:18:35
[SPEAKER_05]: And I realized that I was holding on to that fake security blanket just in case.
1:18:39
[SPEAKER_05]: I needed to go back.
1:18:40
[SPEAKER_05]: Which it wasn't making sense.
1:18:42
[SPEAKER_05]: And my husband was with me.
1:18:44
[SPEAKER_05]: He was like, I know you're about to cry.
1:18:46
[SPEAKER_05]: And I was like, yeah, I got to, I saw I got to step my game up.
1:18:48
[SPEAKER_05]: He said, are you serious right now?
1:18:51
[SPEAKER_05]: You see this right now, but I realized that I was just letting go, right?
1:18:56
[SPEAKER_05]: You know, just in case, and I think sometimes that's why people hold on to their job, you know, just in case just don't work out.
1:19:04
[SPEAKER_05]: And when I think back, when I was working at the post office making sixty thousand, I also make two hundred thousand from my tax business.
1:19:11
[SPEAKER_05]: I was making thirty five thousand from real estate.
1:19:15
[SPEAKER_05]: But you know what I'm saying, but it was like just just that security Just knowing just in case this don't work out.
1:19:24
[SPEAKER_05]: I know I got this guarantee check right so I had so yeah, I had to let go Yeah, but it felt good pulling up and everybody like what?
1:19:34
[SPEAKER_02]: Yeah.
1:19:35
[SPEAKER_02]: Wait, but how do you show up knowing that you're making two hundred thousand dollars in a season?
1:19:41
[SPEAKER_05]: But you know what?
1:19:42
[SPEAKER_05]: Because that's the thing we're half the time about it and want to go.
1:19:46
[SPEAKER_05]: I wouldn't go.
1:19:47
[SPEAKER_05]: I'll call out leave it.
1:19:48
[SPEAKER_05]: I'll pay.
1:19:49
[SPEAKER_05]: Yeah.
1:19:49
[SPEAKER_05]: And that's to be mad because they want to tell you they ain't paying you.
1:19:52
[SPEAKER_05]: No, don't pay me.
1:19:53
[SPEAKER_05]: I'm good.
1:19:54
[SPEAKER_05]: Right.
1:19:54
[SPEAKER_05]: But again, it was that security.
1:19:56
[SPEAKER_01]: Right.
1:19:57
[SPEAKER_05]: It was that security, but like, I don't have to worry about health insurance, which is crazy.
1:20:02
[SPEAKER_05]: And it takes me back to when I first got hired at the post office in nineteen ninety-six.
1:20:07
[SPEAKER_05]: First thing I thought about was they going to cut off my full steps.
1:20:10
[SPEAKER_05]: You see, I miss no meals, I'm gonna fast up.
1:20:12
[SPEAKER_05]: But that's the first thing I thought about, right?
1:20:15
[SPEAKER_05]: But, you know, because I was so used to getting full stands for years.
1:20:19
[SPEAKER_01]: Right.
1:20:20
[SPEAKER_05]: and stuff, but it was just that I'm needed to move forward because sometimes we have to let go to move forward and somebody else can use the job so I needed to let go that position so somebody else can, you know, get it.
1:20:32
[SPEAKER_03]: No, that's definitely that's the way.
1:20:33
[SPEAKER_03]: And you want to know what's crazy too, sometimes I feel like even with the government assistance section eight.
1:20:39
[SPEAKER_03]: It kind of holds some people back because you can't make over a certain amount.
1:20:42
[SPEAKER_03]: You can't.
1:20:43
[SPEAKER_03]: So a lot of them is scared to even go out and try.
1:20:46
[SPEAKER_05]: And don't want to.
1:20:47
[SPEAKER_05]: So many times like doing taxes where you would have people that would only work and make ten thousand.
1:20:53
[SPEAKER_05]: So they can get the max with the earned income credit.
1:20:56
[SPEAKER_05]: And so crazy.
1:20:57
[SPEAKER_05]: And I'm like, but you could have made forty thousand dollars, right?
1:21:01
[SPEAKER_05]: But you are making ten thousand, right?
1:21:04
[SPEAKER_05]: And I ever have a friend like that, got a job for, with the city, with transit.
1:21:09
[SPEAKER_05]: And she said, she's not doing all the time, she'll only work in the summer months, and she can get her full stamps.
1:21:14
[SPEAKER_05]: They give you, what, maybe, five hundred dollars a month, but you can make an extra two, three thousand dollars, like, but it's the mindset you've been on it for so long to you condition to think that I can't eat without this money.
1:21:29
[SPEAKER_05]: And I understand because that's how it was.
1:21:32
[SPEAKER_02]: You know, it's crazy.
1:21:33
[SPEAKER_02]: We asked my owner on a party and we kind of had this conversation.
1:21:37
[SPEAKER_02]: There was like, food stamps and all these government programs is not something you stay on for your entire life.
1:21:43
[SPEAKER_02]: It's for a short period of time to be able to figure things out and then move on.
1:21:48
[SPEAKER_02]: But some people is like, hey, listen, like, all he's making about this amount, so you be able to pay this, you'll be able to get this amount of benefits and all that other stuff.
1:21:57
[SPEAKER_05]: But it's the way we condition.
1:21:59
[SPEAKER_05]: It's the way we condition the thing that you can make it without it because I remember when you know I first started getting an entrepreneur going to meet up and I'm like, people don't work jobs.
1:22:10
[SPEAKER_05]: And they are here living in the best life.
1:22:11
[SPEAKER_05]: We had me in twelve o'clock.
1:22:13
[SPEAKER_05]: I didn't have to know.
1:22:14
[SPEAKER_05]: But you know, I didn't know that world.
1:22:17
[SPEAKER_05]: I knew going to work.
1:22:18
[SPEAKER_05]: And I'm like, it's a whole world out here.
1:22:21
[SPEAKER_01]: right.
1:22:22
[SPEAKER_02]: Definitely different.
1:22:23
[SPEAKER_02]: But we bought a wrap up now.
1:22:25
[SPEAKER_02]: So you got any fun with those that you want to share with the people?
1:22:28
[SPEAKER_05]: So what I want to say is investing yourself.
1:22:32
[SPEAKER_05]: Believe that you can invest in real estate, take the chance on yourself for your kids, fix your credit, and make it happen.
1:22:43
[SPEAKER_02]: Got it.
1:22:43
[SPEAKER_02]: Got it.
1:22:44
[SPEAKER_02]: Got it.
1:22:44
[SPEAKER_02]: Any website?
1:22:45
[SPEAKER_02]: Any website?
1:22:45
[SPEAKER_02]: Any website?
1:22:46
[SPEAKER_02]: Yeah.
1:22:46
[SPEAKER_05]: So follow me on Instagram.
1:22:48
[SPEAKER_05]: I am Dana Christian.
1:22:49
[SPEAKER_05]: That's the best way.
1:22:50
[SPEAKER_05]: So contact me like I'm my link tree and you will see links for different free classes at all.
1:22:58
[SPEAKER_05]: So I always like people to take my free first before you pay for anything.
1:23:02
[SPEAKER_05]: Join the free.
1:23:04
[SPEAKER_03]: What days do you host the master class?
1:23:06
[SPEAKER_05]: So this week is not so obvious this week.
1:23:10
[SPEAKER_05]: August is going to be Monday, Tuesday, Wednesday.
1:23:14
[SPEAKER_05]: I'm doing something new this time.
1:23:15
[SPEAKER_05]: It's twelve o'clock in the afternoon.
1:23:17
[SPEAKER_05]: Normally I do it at seven o'clock, but I just want to try twelve o'clock to see how that work.
1:23:22
[SPEAKER_05]: But then moving forward, I probably go back to the evenings.
1:23:25
[SPEAKER_01]: Okay.
1:23:26
[SPEAKER_01]: All right.
1:23:26
[SPEAKER_01]: Cool.
1:23:27
[SPEAKER_02]: Cool.
1:23:27
[SPEAKER_01]: Cool.
1:23:27
[SPEAKER_01]: Good one, bro.
1:23:28
[SPEAKER_02]: So it's definitely an amazing episode.
1:23:31
[SPEAKER_02]: A lot of related ability to, you know,
1:23:34
[SPEAKER_02]: Culture, how we just condition to, you know, changing your lifestyle in your mindset and just being able to do some different.
1:23:42
[SPEAKER_02]: So thank you for coming through on the podcast, Dana.
1:23:45
[SPEAKER_02]: I'm glad that we was able to have this.
1:23:47
[SPEAKER_02]: And listen guys, like comment, share this with a friend.
1:23:51
[SPEAKER_02]: I know somebody definitely needs to watch this episode.
1:23:54
[SPEAKER_02]: They're going to learn something, tapping with their free class.
1:23:58
[SPEAKER_02]: And I see you guys on the next one.
1:23:59
[SPEAKER_02]: Peace.