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Cliff Notes: THE 2023 REAL ESTATE INVESTING BLUEPRINT · Earn Your Leisure

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  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
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  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
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  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
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  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
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  Speaker 1: crossings are at the lowest levels ever recorded, and over
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  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
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  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
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  Speaker 1: never return. But if you register using our CBP home
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  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
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  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Matt How are you? How are you? Brother?
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  Speaker 4: My brothers. Welcome back to America. Welcome back, Welcome back,
• 1:09
  Speaker 4: welcome back, welcome back.
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  Speaker 5: Have you seen the past twenty four hours?
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  Speaker 4: For SIMG I've been paying attention, and I have to say,
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  Speaker 4: I don't know how you mother e Fis do it.
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  Speaker 4: You guys are savagest, like, first of all, hold on,
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  Speaker 4: we got to give y'all some flowers. First of all,
• 1:29
  Speaker 4: because there's no reason in God's green earth while you
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  Speaker 4: should be doing open roment right now, especially after a
• 1:34
  Speaker 4: fifteen hour flight, and then you had to go to
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  Speaker 4: chill with math Hoffen and the guys over there, and
• 1:40
  Speaker 4: then you still had meetings and zoom calls the merger.
• 1:44
  Speaker 4: You know, market mondays you've missed something. It's called another
• 1:49
  Speaker 4: big interview, Another big interview.
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  Speaker 6: Oh my god, I'll text your pitulator, Please text me
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  Speaker 6: the pitch.
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  Speaker 4: See. I've been so busy. Shout out to Tuks. We've
• 1:58
  Speaker 4: been in the studio, We've been in the lab. I'm
• 2:00
  Speaker 4: just cooking up because work ethic don't stop over here
• 2:03
  Speaker 4: at eyl University, you know, just because the everybody has
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  Speaker 4: to work. Everybody has to hold their position. There's no
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  Speaker 4: weak links in our crew. So we've all been working.
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  Speaker 4: But I'm super impressed with you guys. As always, I'm
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  Speaker 4: proud of both of you, man, and I can't wait
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  Speaker 4: to see you guys. Friday. When you guys get honored
• 2:23
  Speaker 4: is well deserved. So you don't even talk about how
• 2:25
  Speaker 4: y'all getting your flowers and your hometown, the town Greenberg
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  Speaker 4: is honoring you guys. So I'm blowing this up. I
• 2:32
  Speaker 4: don't care, right you guys getting honored and you deserve
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  Speaker 4: your flowers because I've been around for this from day
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  Speaker 4: one and just to see the growth from three iPhones
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  Speaker 4: on crooked stands and everything to why's is blown up
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  Speaker 4: to right now? Man, I'm proud of you brothers. Man.
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  Speaker 4: So you guys deserve your flowers. And everybody needs to
• 2:52
  Speaker 4: throw some gems in the comments for my brothers because
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  Speaker 4: they're out here working hard. This is not easy. There's
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  Speaker 4: sacrifices when it comes to this left of success and
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  Speaker 4: they're putting on for us. Man. So shout out to
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  Speaker 4: y'all man for real love.
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  Speaker 3: My brother appreciate that. Brother.
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  Speaker 4: Yeah, real talk man, That's that's real talk, man. That's
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  Speaker 4: from the heart. Man. Y y'all dudes are savages.
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  Speaker 7: Man.
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  Speaker 4: I love it. Let's go, let's go. But y'all y'all different, man,
• 3:19
  Speaker 4: And for shot is the rism. He's been a rism
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  Speaker 4: from day one. This dude is a nut. Let's go
• 3:29
  Speaker 4: Yo e y L University Times r p X, the
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  Speaker 4: biggest just got bigger. I can't contain myself. I've been
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  Speaker 4: waiting to talk about this for six months.
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  Speaker 3: Let's go.
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  Speaker 4: Let's go, man, Let's grow, Let's grow. Let's go. Shout
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  Speaker 4: out to Marcus, Shout out to her five hundred, Shout
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  Speaker 4: out to the whole rp X family. Let's go, man,
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  Speaker 4: Shout out to the earners. Where my earners at man
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  Speaker 4: through that graduation hat in the comments. Man, let's go.
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  Speaker 3: Man.
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  Speaker 4: I'm hi right now, but that shouldn't brought me on.
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  Speaker 4: I'm too high. I can't contain myself right now.
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  Speaker 3: Oh man, all right, we're gonna get into it.
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  Speaker 8: Before we start, text the word learn to four zero
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  Speaker 8: one two three eight seven four seven nine, or click
• 4:19
  Speaker 8: the link in the description of this video the NTI
• 4:22
  Speaker 8: information for updates on the release to the relaunch of
• 4:27
  Speaker 8: Eyo University, which will include the regional chapters, the course
• 4:30
  Speaker 8: nineteen courses, the live interactive classes. Is the whole vibe.
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  Speaker 8: It's a whole situation. But Matt, we're gonna end it
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  Speaker 8: with real estate. We talked about business branding, social media, branding.
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  Speaker 8: We talked about business credit, and we're gonna end this
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  Speaker 8: with real estate, something that's extremely important and it's been
• 4:49
  Speaker 8: a hot topic.
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  Speaker 3: All right, so let's start here. What is the forecast?
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  Speaker 8: What is your forecast for twenty twenty three when it
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  Speaker 8: comes to real estate, when it comes to interest rates,
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  Speaker 8: when it comes to home affordability, all of this stuff.
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  Speaker 4: All right, good question, Richard. I would say I'm forecasting
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  Speaker 4: from appreciation standpoint. I think home values and I've said
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  Speaker 4: this before and I'm gonna say it again. Home values
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  Speaker 4: will continue to appreciate in twenty twenty three. It will
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  Speaker 4: get back to modest appreciation, normal appreciation, I should say.
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  Speaker 4: I think, depending on where you are in the country,
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  Speaker 4: we should see home appreciation anywhere from two to seven
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  Speaker 4: percent on average nationwide, just depending on where you are. Now,
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  Speaker 4: I know a lot of people see a lot of
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  Speaker 4: fear mongering type of headlines out there when you see
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  Speaker 4: home prices have declined or home sales have declined in
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  Speaker 4: the past nine months. I know you guys see price reductions,
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  Speaker 4: and don't you have to really read between the lines
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  Speaker 4: when you're looking at all of that? Right, So right now,
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  Speaker 4: year over year, November of twenty twenty one, compared to
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  Speaker 4: November of this year, home prices have still appreciated seven
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  Speaker 4: and a half percent annually. Now, you're not going to
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  Speaker 4: see crazy twenty plus percent nationwide in almost every state
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  Speaker 4: like you did in twenty twenty one. Twenty twenty and
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  Speaker 4: twenty twenty one was just unicorn years. That's not normal, right.
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  Speaker 4: Miami right now is not normal. Miami is up twenty
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  Speaker 4: percent year over year. Still these that's not normal, right.
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  Speaker 4: But if you look at appreciation over the past sixty
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  Speaker 4: years in America, homes on average have appreciated four and
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  Speaker 4: a half percent annually, and we're getting back down to
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  Speaker 4: that normal rate of return on real estate, which is needed. Right.
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  Speaker 4: Affordability is going to be questioned still because of inflation.
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  Speaker 4: Although inflation dropped a couple percentage points, not a couple
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  Speaker 4: center points, but dropped a little from like eight point
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  Speaker 4: two to seven point seven on the last CPR report.
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  Speaker 4: If that continues to go down, that's great news for
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  Speaker 4: interest rates because interest rates tend to follow like the
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  Speaker 4: inflation numbers and also the Fed funds. If the Feds
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  Speaker 4: kind of slowed down on their raises, then you'll see
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  Speaker 4: interest rates start trickling back down. Now. When that CPI
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  Speaker 4: data was released about two weeks ago, I believe it was,
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  Speaker 4: interest rates dropped from about seven in a quarter to
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  Speaker 4: six and a half percent. Right now, next month when
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  Speaker 4: this report comes out again, if if we start still
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  Speaker 4: seeing those inflation numbers go down, you're gonna start seeing
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  Speaker 4: mortgage rates kind of slowly but surely follow it. So
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  Speaker 4: it's really on this inflation report that's really going to
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  Speaker 4: determine where interest rates are going to go. I told
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  Speaker 4: you in you know, a couple months ago that I
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  Speaker 4: did foresee rates would be around seven percent by the
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  Speaker 4: end of the year. The end of the year is
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  Speaker 4: here where we a little bit under seven percent right now, right,
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  Speaker 4: but still it's not a terrible rate. It's higher than
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  Speaker 4: it was over the past two years, but historically it's
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  Speaker 4: not a terrible rate. When I brought my first property
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  Speaker 4: years ago, my rate was seven in a quarter, right,
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  Speaker 4: So it's not a bad interest rate per se, it's
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  Speaker 4: just higher. So where I see the market going, I
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  Speaker 4: still continue to see it appreciate and just at normal levels,
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  Speaker 4: I see that there's going to be less inventory or
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  Speaker 4: new homes hitting the market because if these rates stay higher,
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  Speaker 4: then why would home sellers want to sell their home?
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  Speaker 4: Like I read something the other day and it said
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  Speaker 4: that eighty five percent of mortgages in America have an
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  Speaker 4: interest rate below four percent. Right now, there's over thirty
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  Speaker 4: trillion and equity still in homes, although that's down right
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  Speaker 4: a little bit, but it's still over thirty trillion. So
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  Speaker 4: homeowners are sitting on a lot of leverage with low
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  Speaker 4: interest rates and a lot of equity. So there's really
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  Speaker 4: no reason for a seller if they do not have
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  Speaker 4: to sell, why would they sell to put themselves in
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  Speaker 4: a position to be at a higher rate at a
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  Speaker 4: higher price. And if you go to rent, then you're
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  Speaker 4: still paying higher rental prices because although rent prices have
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  Speaker 4: dropped a little bit, it's still high. It's still over
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  Speaker 4: two thousand dollars on average. So you're in a position
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  Speaker 4: right now. I think home buyers and investors, what home
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  Speaker 4: buyers I speak to, are in the position is you
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  Speaker 4: damned if you do, you damned if you don't. Right,
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  Speaker 4: it's either you going to rent or you're going to buy.
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  Speaker 4: Either all you're going to pay a higher price. And
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  Speaker 4: that's why you need to focus on really more streams
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  Speaker 4: of income and being able to create a better lifestyle
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  Speaker 4: for yourself because you can't control these markets, you can't
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  Speaker 4: control inflation, but you can control what you do on
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  Speaker 4: your daily basis, and that's bringing in more money, because
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  Speaker 4: that's the only way you really truly fight inflation is
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  Speaker 4: bringing in more money and investing.
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  Speaker 9: Yeah, So from an investor standpoint, in one of the
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  Speaker 9: articles that I was reading earlier today, they said that
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  Speaker 9: the home purchases new home purchases from investors are down
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  Speaker 9: by thirty percent as the rates rise. As we start
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  Speaker 9: to see, like you said, rates hit maybe seven a quarter,
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  Speaker 9: they've climbed down I think maybe six and three quarters.
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  Speaker 9: Now do you see that trend continuing as far as
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  Speaker 9: from an investment standpoint when we talk about real.
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  Speaker 4: Estate, absolutely, I think you're gonna have some investors that
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  Speaker 4: sit on the sideline. But that's gonna be an investors
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  Speaker 4: who probably shouldn't have been in the business regardless. Right,
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  Speaker 4: you gotta look at it. Right, when money is cheap,
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  Speaker 4: everybody can do something because the money is so cheap,
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  Speaker 4: and there was a lot of money in the streets too.
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  Speaker 4: When you think about PPP loans, where you think about
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  Speaker 4: people didn't have to pay rent. When you think about
• 10:55
  Speaker 4: all this stuff that put money out there, people didn't
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  Speaker 4: even have to go to work for crime out loud
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  Speaker 4: and it still was getting paid. So there was a
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  Speaker 4: lot of money that was in the streets that enabled
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  Speaker 4: people to go out there to invest at a high level.
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  Speaker 4: Now you have it where rates are higher, especially if
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  Speaker 4: you're buying investment properties those rates. If the homeowner rate
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  Speaker 4: for primary residence is in a six seven percent, then
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  Speaker 4: you're talking about eight to eleven percent if you're looking
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  Speaker 4: to buy a rental property. So that's going to hurt
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  Speaker 4: cash flowing numbers dependent on where you're looking to buy.
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  Speaker 4: So yeah, you're going to see a lot of investors
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  Speaker 4: kind of sit on the sidelines right now. But let's
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  Speaker 4: really look at what a lot of the big boys
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  Speaker 4: are still doing. Look at JP Morgan Chase, for example,
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  Speaker 4: they just committed that they're going to buy billion dollars
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  Speaker 4: worth of single family rentals. Like investors are going to
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  Speaker 4: invest regardless of whatever the market is. It's just depending
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  Speaker 4: on what game are you're playing. So there's going to
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  Speaker 4: be a lot of people that will sit on the sidelines.
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  Speaker 4: But I don't want any of our people to be
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  Speaker 4: deterred by the fact that you read these articles and
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  Speaker 4: stuff like that. No go out there invests, because when
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  Speaker 4: you see people like JP Morgan Chase, these big institutional
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  Speaker 4: investors still out here getting deals done, there's no reason
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  Speaker 4: why we shouldn't be out here trying to look for
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  Speaker 4: our deals too. But we just got to analyze them
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  Speaker 4: properly to make sure the cash on cash returns are there.
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  Speaker 4: And also, Troy, before you go on overshot, you have
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  Speaker 4: to look at this rate. It's temporary. So if you
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  Speaker 4: get a property that's cash flow, let's just say you're
• 12:25
  Speaker 4: making a nine percent cash on cash return at a
• 12:28
  Speaker 4: ten percent interest rate, you have to look at your
• 12:31
  Speaker 4: pro former and see what is this going to look
• 12:33
  Speaker 4: like If I'm able to refinance in two years and
• 12:35
  Speaker 4: those rates drop down to six percent five percent, what
• 12:40
  Speaker 4: does my cash on cash return look like at that moment.
• 12:43
  Speaker 4: So it's all on how It's all on your perspective
• 12:46
  Speaker 4: and how you're really truly analyzing your deals to determine
• 12:49
  Speaker 4: if a deal is going to be a good one
• 12:51
  Speaker 4: or bad one.
• 12:51
  Speaker 9: Yeah, I think that's one of those things that people
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  Speaker 9: we don't look at right like, let's look at the
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  Speaker 9: long term perspective, especially if you're in a thirty year loan.
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  Speaker 5: If you get this interest rate now at ten percent.
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  Speaker 9: Or eight percent in five years, if that goes down
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  Speaker 9: to five, like, you're actually gonna be saving on that
• 13:05
  Speaker 9: refive that that has that long same thing when we
• 13:08
  Speaker 9: talk about invested in the market, it's like, look, we're
• 13:11
  Speaker 9: not thinking about two years, three years. You have a
• 13:13
  Speaker 9: thirty year mortgage, Like, think about the long term payout
• 13:16
  Speaker 9: on this thing one hundred percent.
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  Speaker 8: So let me ask you this, Okay, what advice do
• 13:23
  Speaker 8: you have for first time home buyers in this economic
• 13:27
  Speaker 8: and clock environment?
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  Speaker 3: Programs tips?
• 13:32
  Speaker 4: So my best advice is the same thing I've probably
• 13:34
  Speaker 4: been saying from day one. Don't buy nothing you can't
• 13:36
  Speaker 4: really afford. Don't be house rich and cash poor. The
• 13:39
  Speaker 4: same rules apply, right, the math is still going to math.
• 13:43
  Speaker 4: If you can't afford something, don't buy it. If you're
• 13:45
  Speaker 4: going to buy something, make sure you have reserves because
• 13:48
  Speaker 4: you never know what can happen in life. So my
• 13:51
  Speaker 4: tip is always going to be say, don't try to
• 13:54
  Speaker 4: go into these situations and buying real estate, especially if
• 13:56
  Speaker 4: your first time home buyer and not have any money,
• 14:01
  Speaker 4: because nothing is promised. Your job is not promised, right.
• 14:06
  Speaker 4: But as far as tips, it's very simple. If you
• 14:09
  Speaker 4: buying rental properties, do your best to put yourself in
• 14:13
  Speaker 4: a position where you can have your apartments on programs.
• 14:16
  Speaker 4: You know Section eight. You have domestic violence programs. You
• 14:19
  Speaker 4: have all types of different programs that are out there
• 14:22
  Speaker 4: where the government will pay the rent for the tenant,
• 14:26
  Speaker 4: where that's going to be guaranteed money. No matter if
• 14:28
  Speaker 4: it's a recession, it's a bull market, a bear market,
• 14:31
  Speaker 4: the government is always going to pay for these programs.
• 14:34
  Speaker 4: So you have to look at that. You have to
• 14:36
  Speaker 4: be creative right now. You know, with house hacking, I
• 14:40
  Speaker 4: think at first time home buyer, if your goal is
• 14:42
  Speaker 4: to become an investor, and if your goal is to
• 14:45
  Speaker 4: be a landlord, you definitely have to look at house hacking.
• 14:49
  Speaker 4: Right even if you have to buy a single family
• 14:51
  Speaker 4: or do a single family home, there's ways to house
• 14:54
  Speaker 4: hack that tool. Buy property that you can possibly add
• 14:57
  Speaker 4: an ADU or sins reyduelling unit, or turn your basement
• 15:01
  Speaker 4: into a content space. I mean, look at look, we
• 15:04
  Speaker 4: have a content space right here. Your headquarters is a
• 15:07
  Speaker 4: content space, right So there's a many different ways that
• 15:10
  Speaker 4: you could go out here to bring in money to
• 15:13
  Speaker 4: help supplement your mortgage payment if you are a first
• 15:16
  Speaker 4: time home buyer, So you just got to be creative
• 15:18
  Speaker 4: right now, especially in these high inflationary times. You can't
• 15:22
  Speaker 4: just depend on one source of income. And especially if
• 15:25
  Speaker 4: your first time HomeBuyer, you got to remember that mortgage
• 15:28
  Speaker 4: payment is due every month, so you have to be
• 15:29
  Speaker 4: creative on ways to get that mortgage paid by any
• 15:32
  Speaker 4: means necessary.
• 15:33
  Speaker 9: One of the most profound things you said to us
• 15:36
  Speaker 9: over three years ago is that equity is monopoly money,
• 15:39
  Speaker 9: and people kind of didn't really understand it. Can you
• 15:42
  Speaker 9: break it down for the new audience that that's here
• 15:44
  Speaker 9: with us tonight.
• 15:45
  Speaker 5: About what you mean by that.
• 15:47
  Speaker 4: So, equity is monopoly money, right, it's unrealized gains. It's
• 15:51
  Speaker 4: just like when you're looking at your your trading accounts.
• 15:55
  Speaker 4: You may be up, but it's unrealized. It's not really
• 15:59
  Speaker 4: real money until you take it out, until you sell
• 16:03
  Speaker 4: your trade, and then it's real money for you. Right.
• 16:06
  Speaker 4: It's the same thing like equity. So if your home
• 16:08
  Speaker 4: appreciated two hundred thousand, three hundred thousand, that doesn't mean
• 16:13
  Speaker 4: that that money belongs to you. It's there. It gives
• 16:16
  Speaker 4: you value. It's a part of your network now. But
• 16:19
  Speaker 4: it's not like you can stick your debit card in
• 16:21
  Speaker 4: the freaking doorbell and say give me some of my
• 16:23
  Speaker 4: equity today, please, Right. You still have to apply for
• 16:27
  Speaker 4: a loan and get approved for it. Right. So unless
• 16:31
  Speaker 4: you tap into that equity via a cash out refinance
• 16:35
  Speaker 4: or home equity line of credit, then that money is
• 16:39
  Speaker 4: dead money. So and if the market does crash, let's
• 16:43
  Speaker 4: just say, God forbid, the market does crash and you
• 16:46
  Speaker 4: lose thirty forty percent of that equity. You know that
• 16:49
  Speaker 4: two point fifty now went to probably one fifty. So
• 16:52
  Speaker 4: what I try to tell people choice is, especially if
• 16:55
  Speaker 4: you have money in your prime and residence. First of all,
• 16:58
  Speaker 4: my disclaimer as always is make sure you have a
• 17:02
  Speaker 4: plan of action. Remember this is the church's money. So
• 17:05
  Speaker 4: if you're taking money from a cash out refinance or
• 17:07
  Speaker 4: a home a caro line of credit from your primar residence,
• 17:10
  Speaker 4: remember you have an extra bill now it's another mortgage,
• 17:14
  Speaker 4: so you have to have a plan of action to
• 17:16
  Speaker 4: repay that. So don't take it and go to Dubai
• 17:19
  Speaker 4: and try to go out to the top tallest building
• 17:21
  Speaker 4: like Rashad was taking videos and having closing deals, right,
• 17:24
  Speaker 4: because that money is not making you money being a Dubai.
• 17:28
  Speaker 4: Use that money to invest, use that money to start
• 17:32
  Speaker 4: your business something that could bring you an ro R immediately,
• 17:36
  Speaker 4: so that way you can pay it back. So unless
• 17:40
  Speaker 4: you use that money, it's just monopoly money. It sounds
• 17:43
  Speaker 4: good to have. Hey, I got a two hundred equity,
• 17:45
  Speaker 4: but it's not in your bank accounting.
• 17:48
  Speaker 3: Yeah, Bergier Khalifa.
• 17:50
  Speaker 4: Yeah, it looked amazing.
• 17:53
  Speaker 5: Yeah, a good place to visit. Then four flaws up
• 17:58
  Speaker 5: for the world early.
• 17:59
  Speaker 4: Yeah, at the very top of the world. High level conversations. Yeah,
• 18:02
  Speaker 4: get out the nineteen keys.
• 18:05
  Speaker 8: Shout out to shout out to nineteen keys. So let's
• 18:10
  Speaker 8: talk about Okay, let's talk about this refinancing. Is this
• 18:18
  Speaker 8: a time that people should be refinancing?
• 18:25
  Speaker 4: Yes and no.
• 18:26
  Speaker 7: No.
• 18:27
  Speaker 4: I would say no and yes. If you have an
• 18:29
  Speaker 4: interest rate in the past two years, you know, twos, threes,
• 18:35
  Speaker 4: fours probably hell no. Right, If you have equity in
• 18:40
  Speaker 4: your home and you want to tap into that, I
• 18:42
  Speaker 4: would say get a line of credit versus refinancing. If
• 18:47
  Speaker 4: you have an investment property, and this is for the investors.
• 18:50
  Speaker 4: If you're in a hard money deal and you're trying
• 18:52
  Speaker 4: to borrow, you have no choice but the refinance. If
• 18:55
  Speaker 4: you're an investor and you have a bunch of equery
• 18:58
  Speaker 4: in your home and you're trying to scale your portfoone,
• 19:01
  Speaker 4: it might be it might make sense to refinance because
• 19:04
  Speaker 4: and pull that cash out because you're not paying the bill,
• 19:07
  Speaker 4: your tenants are and as long as you're still cash flowing,
• 19:10
  Speaker 4: then it could make sense to you. And let me
• 19:12
  Speaker 4: flip back to the homeowners, the homeowners out there who
• 19:15
  Speaker 4: might want to refinance. If you have a lot of
• 19:17
  Speaker 4: high interest credit cards, you know, maybe student loans, and
• 19:23
  Speaker 4: you know you're suffocating yourself, don't hold on to that
• 19:26
  Speaker 4: two three percent rate knowing that you have one hundred
• 19:30
  Speaker 4: thousand dollars in credit card debt, and if you got
• 19:33
  Speaker 4: to look at the numbers to see if you do
• 19:35
  Speaker 4: a debt consolidation loan, doesn't make sense for you to
• 19:39
  Speaker 4: refinance to pay off all that debt and have a
• 19:43
  Speaker 4: cheaper payment overall. That would probably be the only way
• 19:46
  Speaker 4: I would probably advise a primary residence or a homeowner
• 19:50
  Speaker 4: to refinance, only if they didn't have means to pay
• 19:53
  Speaker 4: off all that high debt. But other than that homeowners
• 19:57
  Speaker 4: right now, I probably wouldn't refinance. I would do more
• 20:00
  Speaker 4: of a homemaking line of credit and investors. Depending on
• 20:02
  Speaker 4: your deal and what you got going on, it could
• 20:04
  Speaker 4: be advantageous for you to look into doing the refinance.
• 20:07
  Speaker 5: Yeah, I want to tie the whole night into it. Right.
• 20:10
  Speaker 9: We started with building a brand within and obviously we're
• 20:14
  Speaker 9: ending out with real estate. But you've built a brand
• 20:17
  Speaker 9: in real estate, which is pretty difficult. Right when you
• 20:20
  Speaker 9: walk around the country, we see it. People attracted to
• 20:23
  Speaker 9: what you're doing. You've inspired them, You've changed their lives.
• 20:28
  Speaker 9: Not an easy task, and every time I look at you,
• 20:30
  Speaker 9: I feel like you're doing something new to try to
• 20:32
  Speaker 9: expand the brand.
• 20:33
  Speaker 5: Obviously, now you're sitting in the content stuity that you've built.
• 20:37
  Speaker 9: Talk about that in the real estate field, building a
• 20:40
  Speaker 9: brand because we see people do it. Obviously, shout out
• 20:42
  Speaker 9: to your partner and Ransom James Kiana, who's done an
• 20:44
  Speaker 9: amazing job is with it as well. Can you talk
• 20:46
  Speaker 9: about the strategies that you use to build your brand?
• 20:49
  Speaker 4: Ah Man, that's a great question, Troy. I'm glad you
• 20:52
  Speaker 4: asked that one. The Riza Man, the Riza twenty eighteen.
• 20:57
  Speaker 4: I say, your Reza man how to how you got
• 20:59
  Speaker 4: the shave room for financial literacy and your comments and
• 21:01
  Speaker 4: you got four thousand comments and you got nine thousand followers.
• 21:05
  Speaker 4: And he said, bro, you got to deepen your relationship
• 21:07
  Speaker 4: with your audience. All the stuff that you talk about
• 21:11
  Speaker 4: to your clients, you got to start bringing it to
• 21:13
  Speaker 4: your social media. And I was like, what are you
• 21:15
  Speaker 4: talking about? He said, well, are you talking to me?
• 21:17
  Speaker 4: I'm a financial advisor. Why don't you start talking about
• 21:20
  Speaker 4: financial planning because it goes hand in hand with home ownership.
• 21:23
  Speaker 4: And that was the first time that I really understood
• 21:26
  Speaker 4: social media thanks to your bestie Rashad, and from that,
• 21:35
  Speaker 4: from that moment, now I'm keeping in the buck. You
• 21:38
  Speaker 4: taught how the brand built, right, So it was the
• 21:40
  Speaker 4: power collaboration. It's something I've been doing in my entire career.
• 21:43
  Speaker 4: So anybody who's a transaction professional. Our businesses were not built.
• 21:48
  Speaker 4: We were not taught social media when we came into
• 21:51
  Speaker 4: this game, right, especially me. I've been doing this for
• 21:54
  Speaker 4: almost twenty years. And the new folks who are coming
• 21:56
  Speaker 4: and they're not being taught social media. We're taught how
• 21:58
  Speaker 4: to develop relationship especially from a loan offers a perspective
• 22:02
  Speaker 4: with realtors, financial planners CPAs insurance agents, and we build
• 22:07
  Speaker 4: our book of business and we work our book of business. Right.
• 22:11
  Speaker 4: My business model wasn't built for social media, but when
• 22:15
  Speaker 4: I started bringing those conversations to my page and tying
• 22:18
  Speaker 4: that in to home ownership, it kind of opened up
• 22:22
  Speaker 4: the eyes. I was probably one of the first people
• 22:24
  Speaker 4: in the mortgage space that was doing this at a
• 22:28
  Speaker 4: small level at that time and which has continuously graduated
• 22:32
  Speaker 4: into something big. So power collaboration will be the first
• 22:36
  Speaker 4: step that I would tell anybody in my profession that
• 22:38
  Speaker 4: they got to do. Number two always add value to people.
• 22:42
  Speaker 4: The reason why I'm even probably a partner in eyl University,
• 22:46
  Speaker 4: in vestfents and amongst other things that we do together,
• 22:48
  Speaker 4: and why I'm probably here today is because I did
• 22:51
  Speaker 4: my best to add value to Rashard's business without even
• 22:55
  Speaker 4: asking him for anything. I did things without asking for nothing, right.
• 23:00
  Speaker 4: It was just I generally want to see my people win.
• 23:03
  Speaker 4: He was a financial planner when we met, and I
• 23:05
  Speaker 4: wanted to send him business because I wanted my people
• 23:08
  Speaker 4: to work with a black man, and he seemed super knowledgeable.
• 23:12
  Speaker 4: To me right, So add value to people and don't
• 23:15
  Speaker 4: have no expectations because if you add enough value to people,
• 23:19
  Speaker 4: it will come back to you tenfold. See the problem
• 23:21
  Speaker 4: in our business, especially from transaction professionals, we always got
• 23:24
  Speaker 4: a freaking handout. We always want something to return and
• 23:28
  Speaker 4: you don't need to do that. Just add value and
• 23:31
  Speaker 4: your blessings will come to you. So that would be
• 23:33
  Speaker 4: number two thing and number three consistency. You have to
• 23:37
  Speaker 4: be consistent if you're gonna hit.
• 23:39
  Speaker 5: Some ernest what's up?
• 23:42
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• 23:44
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• 25:31
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 25:35
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 25:39
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 25:43
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 25:47
  Speaker 1: some of the heinous migrant criminals caught because of President
• 25:51
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 25:54
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 25:59
  Speaker 1: cross are at the lowest levels ever recorded, and over
• 26:03
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 26:06
  Speaker 1: were here illegally, your next you will be fine nearly
• 26:10
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 26:14
  Speaker 1: never return. But if you register using our CBP home
• 26:18
  Speaker 1: app and leave now, you could be allowed to return legally.
• 26:22
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 26:26
  Speaker 1: border and families will be protected.
• 26:29
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 26:31
  Speaker 4: Social media now one thing that I even had to learn.
• 26:35
  Speaker 4: This is very difficult to do. This is not easy.
• 26:37
  Speaker 4: It's non forty at night. I've been filming all day,
• 26:40
  Speaker 4: I've been working on loans, I've been talking to people
• 26:43
  Speaker 4: all day long. But I still find the time every
• 26:46
  Speaker 4: single day to do content, to put out content, because
• 26:49
  Speaker 4: I understand if I do not let my voice be heard,
• 26:53
  Speaker 4: then the only thing that people would hear is the
• 26:56
  Speaker 4: news and what their filmongrn is. And I have a
• 26:59
  Speaker 4: voice and I'm going to use it to my advantage.
• 27:02
  Speaker 4: So I'm very consistent on what I do and I
• 27:04
  Speaker 4: invest into my business. Like Twoks is here where we
• 27:07
  Speaker 4: right now. He's a part of the team. We built
• 27:10
  Speaker 4: out a content studio. We invest tens of thousands of
• 27:13
  Speaker 4: dollars in equipment, We travel everywhere to get more content.
• 27:17
  Speaker 5: Right.
• 27:18
  Speaker 4: We're very consistent about what we're doing and we don't
• 27:21
  Speaker 4: take no days off. This is the way. This has
• 27:24
  Speaker 4: been the business model of EYL and I'm just following
• 27:28
  Speaker 4: suit with the plan of action is, yo, we got
• 27:32
  Speaker 4: to outwork everybody. No one can put out more content
• 27:36
  Speaker 4: than us, No one can give as much free game
• 27:38
  Speaker 4: as us. We have to be the authority. Rashad called
• 27:41
  Speaker 4: me the authority in real estate two years ago, and
• 27:43
  Speaker 4: I looked at it and I called him. I said, Yo,
• 27:45
  Speaker 4: why are you calling me that?
• 27:46
  Speaker 5: Bro?
• 27:47
  Speaker 4: Like I really didn't understand where he was going with this,
• 27:50
  Speaker 4: but he's like, no, you're the authority, bro, and I'm
• 27:54
  Speaker 4: like this, it's crazy right now, fast forward. I am
• 27:59
  Speaker 4: the authority and real estate period point blank. And it's
• 28:02
  Speaker 4: nothing you could tell me otherwise, because I believe it
• 28:05
  Speaker 4: now and because I'm consistent and no one's gonna outwork me.
• 28:09
  Speaker 4: So all my real estate professionals, you have to be hungry.
• 28:12
  Speaker 4: You gotta really want this, and you you gotta go
• 28:15
  Speaker 4: out here and just do massive in person and imperfect
• 28:20
  Speaker 4: actions every single day to achieve your goals.
• 28:23
  Speaker 5: Massive perfect actions.
• 28:25
  Speaker 4: Shout the max match one.
• 28:26
  Speaker 8: Let's get Let's get some questions if we can before
• 28:29
  Speaker 8: before we round people.
• 28:32
  Speaker 4: Drop some gems in the colon. People, let's go, man,
• 28:34
  Speaker 4: this is E y L power by Recession proof. Drop
• 28:37
  Speaker 4: some gems in the comments. Man, y'all came here to learn.
• 28:40
  Speaker 4: Let's go to rantom gyms. It came on six em.
• 28:44
  Speaker 4: He's to standing time today too.
• 28:45
  Speaker 5: That's the fact. Live shout Shout up the Welby Live.
• 28:50
  Speaker 4: We dropped mad gyms today too. Y'all better go watch
• 28:52
  Speaker 4: that now. I ain't gonna hold y'all up. Welby is
• 28:54
  Speaker 4: a savage y'all better go watch that episode after I
• 28:57
  Speaker 4: get up for this. Go watch the last post ransoms
• 29:00
  Speaker 4: six pm Eastern Santasoun. It was phenomenal. Shout out at
• 29:03
  Speaker 4: my best one nine seven. All right, well.
• 29:05
  Speaker 5: Listen, what's going on? You got MG on a lot
• 29:07
  Speaker 5: with us.
• 29:08
  Speaker 10: Hey, y'all, how are y'all?
• 29:10
  Speaker 4: What's up?
• 29:12
  Speaker 11: I am great. I actually met you so long ago
• 29:17
  Speaker 11: when you hosted an event with Denise the broker. I
• 29:21
  Speaker 11: was at the brokerage at the time and I met you.
• 29:23
  Speaker 4: Yes, that was a lot that was like, that was
• 29:25
  Speaker 4: like three years ago. Wow' ern Yeah they weren't. I
• 29:32
  Speaker 4: love it.
• 29:34
  Speaker 10: Oh man.
• 29:35
  Speaker 11: I actually have a quick question. So last year I
• 29:40
  Speaker 11: purchased my childhood home in Florida. We have roughly about
• 29:45
  Speaker 11: two hundred and fifty thousand dollars in equity, and I
• 29:49
  Speaker 11: want to pull it out because the game plan that
• 29:51
  Speaker 11: I have is to purchase an apartment complex. But I
• 29:57
  Speaker 11: don't know if I should pull out a heat or
• 30:01
  Speaker 11: a line of equity. So I'm not sure which direction
• 30:03
  Speaker 11: to go in with that, and so I kind of
• 30:06
  Speaker 11: want to hear what you may think.
• 30:10
  Speaker 4: So it's a home equity line of credit, and then
• 30:14
  Speaker 4: you have a he loan, which is an equity loan. Right,
• 30:18
  Speaker 4: So there's two options you can do. Both of them
• 30:21
  Speaker 4: are considered like second mortgages right a home equity line
• 30:24
  Speaker 4: of credit. It kind of acts like a credit card
• 30:27
  Speaker 4: where you have a ten year draw period where you
• 30:30
  Speaker 4: can use the money paid off, use the money paid off,
• 30:33
  Speaker 4: use the money paid off right, and then after ten
• 30:36
  Speaker 4: years it could turn into a twenty year fix. Some
• 30:38
  Speaker 4: banks may turn it into a ten year fix, just
• 30:41
  Speaker 4: depending on the bank in their terms. And so that's
• 30:44
  Speaker 4: heat a he lock, right, and you're only paying money
• 30:47
  Speaker 4: that you use. So if you borrow let's just say
• 30:49
  Speaker 4: one hundred k out of that two point fifty. If
• 30:52
  Speaker 4: you don't use the one hundred k, you don't make
• 30:54
  Speaker 4: a payment. If you use twenty five thousand, you make
• 30:57
  Speaker 4: a payment on that twenty five thousand and not. The
• 31:00
  Speaker 4: difference now a HE loan is they're basically giving you
• 31:04
  Speaker 4: that hundred thousand dollars the day of closing or three
• 31:07
  Speaker 4: days after closing via wire check, whatever, and you're making
• 31:11
  Speaker 4: a payment the next month, even if you didn't deploy
• 31:15
  Speaker 4: that capital into a project. And it's going to be
• 31:20
  Speaker 4: a fixed rate mortgage and it will be probably for
• 31:23
  Speaker 4: a twenty or thirty year term. But right now, those
• 31:26
  Speaker 4: rates are probably going to be nine to eleven percent,
• 31:28
  Speaker 4: just depending. But so for me personally, I necessarily don't
• 31:32
  Speaker 4: like the heat loans because again, if I get one
• 31:36
  Speaker 4: hundred k from it, I have to make payments right
• 31:38
  Speaker 4: away and I might still be shopping for dials and
• 31:41
  Speaker 4: I still got to make this monthly payment, Whereas with
• 31:43
  Speaker 4: a he lock, I have more flexibility with it. Now
• 31:47
  Speaker 4: once you have that one hundred k, even if you
• 31:50
  Speaker 4: spend it all, once you start paying down that principle,
• 31:53
  Speaker 4: it's not like you can access that funds again. With
• 31:56
  Speaker 4: a he loan, you're just paying it back. But with
• 31:58
  Speaker 4: the he lock, over that first tea years, you can
• 32:00
  Speaker 4: kind of move and shake the way you want. So
• 32:02
  Speaker 4: I would recommend he lock, but my disclaimer as always
• 32:07
  Speaker 4: have a plan to make sure you pay back that
• 32:10
  Speaker 4: debt because you don't want to mess up the church's money.
• 32:14
  Speaker 5: Thank you so much, Thank you, Colea.
• 32:17
  Speaker 4: So what's happy holidays?
• 32:21
  Speaker 5: Happy holidays?
• 32:22
  Speaker 3: What's the different between the he loan and a refile?
• 32:25
  Speaker 4: So a refinance is when you are using your refinancing
• 32:31
  Speaker 4: your first mortgage. Right, So, if your first mortgage has
• 32:35
  Speaker 4: a rate of three percent and you want to do
• 32:38
  Speaker 4: a cash out refinance. Then you're subject to whatever the
• 32:43
  Speaker 4: market rate is today for that cash out refinance, and
• 32:48
  Speaker 4: you'll have one mortgage. So let's just say you owe
• 32:50
  Speaker 4: three hundred thousand rashard and you want to take out
• 32:53
  Speaker 4: two hundred thousand on the cash out refinance. Now you're
• 32:56
  Speaker 4: going to owe five hundred thousand, but it will be
• 32:59
  Speaker 4: at that much higher interest rate where today's market is.
• 33:02
  Speaker 4: So that's why for me, I would recommend if you
• 33:05
  Speaker 4: have that amount of equity and you can qualify, I
• 33:07
  Speaker 4: would prefer you to leave that first moon't get your loan,
• 33:11
  Speaker 4: so you can keep that three percent rate, and you
• 33:13
  Speaker 4: get the helock in second position or second lean on
• 33:17
  Speaker 4: the property, and you're able to have that flexibility with
• 33:20
  Speaker 4: that capital to use it as you can. Now. I
• 33:23
  Speaker 4: want to say this too with helocks. Those of you
• 33:27
  Speaker 4: who have helocks that are open right now, be very
• 33:31
  Speaker 4: mindful of this. That money is not yours unless you
• 33:35
  Speaker 4: deploy it. So if you have a two hundred thousand
• 33:39
  Speaker 4: dollars helock right now, and let's just say you only
• 33:42
  Speaker 4: use fifty thousand of that helock, so you have availability
• 33:47
  Speaker 4: of one hundred and fifty thousand left at any given moment,
• 33:51
  Speaker 4: the bank can close your line of credit with no warning.
• 33:56
  Speaker 4: So if the economic downturn continues to have happen, if
• 34:00
  Speaker 4: we slide into this recession, if inflation continues to rise,
• 34:05
  Speaker 4: if it goes back up, if home prices keep declining,
• 34:09
  Speaker 4: if home values slip and decline further, the banks at
• 34:13
  Speaker 4: any given time can say, you know what, there's too
• 34:16
  Speaker 4: much risk to have this much equity just out there.
• 34:22
  Speaker 4: Let us cut this off so that way people don't
• 34:25
  Speaker 4: go upside down and they risk their investment of being
• 34:28
  Speaker 4: paid back. So I need you guys, if you have
• 34:31
  Speaker 4: current home equi line of credits, be mindful that because
• 34:35
  Speaker 4: you'll wake up one morning thinking you got one hundred
• 34:38
  Speaker 4: and fifty k or whatever it is to play with,
• 34:41
  Speaker 4: and that thing will be gone. Be mindful even with
• 34:44
  Speaker 4: your credit cards, Even with your credit cards, they'll do
• 34:48
  Speaker 4: that on AMEX and a heartbeat that you think you
• 34:50
  Speaker 4: got one hundred thousand limit and you got fifty thousand now,
• 34:54
  Speaker 4: So just be mindful of that.
• 34:55
  Speaker 2: People.
• 34:59
  Speaker 5: Yeah, Dante walk, are we coming to you meet yourself?
• 35:00
  Speaker 5: You've been on muted?
• 35:01
  Speaker 4: What's going on?
• 35:07
  Speaker 5: Well?
• 35:07
  Speaker 4: Guidelines godelines, guidelines, guidelines.
• 35:14
  Speaker 5: Yeah, yeah, we're gonna go to Devin. Devin, we're coming
• 35:18
  Speaker 5: to you. Mute yourself. You've been on you. What's going on, Devin?
• 35:22
  Speaker 5: It's Thanksgiving these.
• 35:24
  Speaker 10: Yeah, thank you man, Thank you guys. The question was mean.
• 35:32
  Speaker 10: So my question was I have a two question. So
• 35:35
  Speaker 10: the first one is what are some of the best
• 35:37
  Speaker 10: bunks to to get elock from.
• 35:42
  Speaker 3: The best bank to get the heck from that?
• 35:45
  Speaker 4: I would say always try your local credit union and
• 35:49
  Speaker 4: always try to like the local regional banks first for
• 35:52
  Speaker 4: your home Aquilina credits, because your credit union and your
• 35:56
  Speaker 4: local regional bank wants the local business right and they
• 36:01
  Speaker 4: want that relationship. They want you to bring over accounts
• 36:04
  Speaker 4: and other accounts, so they will probably be the first
• 36:07
  Speaker 4: stops that I would go to if I was looking
• 36:09
  Speaker 4: for a home agre line of credit, would be a
• 36:12
  Speaker 4: local credit union or a local regional bank.
• 36:15
  Speaker 10: Okay, thank you. The second question is seller my owner finance.
• 36:23
  Speaker 10: I sell a piece of property, it's a lane ralan,
• 36:26
  Speaker 10: and they're doing an owner finance on net. I want
• 36:30
  Speaker 10: to top into that because I got my equipments. I
• 36:33
  Speaker 10: do trucking and I need somewhere to park. How do
• 36:36
  Speaker 10: I approach something like that?
• 36:40
  Speaker 4: The seller makes the terms of So the seller finance,
• 36:45
  Speaker 4: and just for those of you wall know, is basically
• 36:47
  Speaker 4: when the seller is agreeing to basically give you a
• 36:50
  Speaker 4: private mortgage and hold that note, and they would dictate
• 36:55
  Speaker 4: the terms. Now, obviously you're dealing directly with the sellers,
• 36:57
  Speaker 4: so you have room to negotiate with them. So they
• 37:00
  Speaker 4: might say, all right, i'll give you this alone. If
• 37:04
  Speaker 4: you're able to put twenty percent down and you will
• 37:08
  Speaker 4: be able, I'll give you a loan for ten years
• 37:12
  Speaker 4: at market rate of seven percent interest only, but after
• 37:17
  Speaker 4: ten years it's a balloon payment and you have to
• 37:19
  Speaker 4: pay me back something like that. Right, I'm just giving
• 37:21
  Speaker 4: you guys an example of what it would look like.
• 37:24
  Speaker 4: But you have the ability to negotiate with them if
• 37:28
  Speaker 4: they're trying, if they are flexible, and if they really
• 37:30
  Speaker 4: want to, you know, get rid of that property. So
• 37:35
  Speaker 4: I think seller financing is a great tool. But any
• 37:38
  Speaker 4: any way you can finance a real estate deal is
• 37:40
  Speaker 4: a great option. It's a great tool. So if you
• 37:43
  Speaker 4: have an opportunity like that, Devin, I would highly recommend
• 37:47
  Speaker 4: that you continue to explore that opportunity.
• 37:50
  Speaker 10: All right, thank you, thank you guys, Thank you very much.
• 37:53
  Speaker 4: No problem, brother.
• 37:54
  Speaker 5: Thanks DEVI MG, how you feel? Will we take one more?
• 37:58
  Speaker 4: Yeah? Yeah, keep going bro.
• 37:59
  Speaker 6: Also, God, I just do this. George Murray, were coming
• 38:03
  Speaker 6: to me? You unmute yourself. You've been unmuted?
• 38:08
  Speaker 7: Yes, thank you? Hello Howard, y'all.
• 38:10
  Speaker 4: Doing alive and blessed, alive and blessed.
• 38:13
  Speaker 7: Okay, So you entered the game with your real estate
• 38:17
  Speaker 7: license or you did all of this without your real
• 38:20
  Speaker 7: estate license because I heard you say that you were
• 38:22
  Speaker 7: working on loans.
• 38:24
  Speaker 10: NA.
• 38:24
  Speaker 4: I into the games as a mortgage guy. I into
• 38:27
  Speaker 4: this game as a loan officer, and I actually had
• 38:30
  Speaker 4: my real estate license too. It's still I still have it.
• 38:33
  Speaker 4: I just got to reactivate it. But I primarily focus
• 38:36
  Speaker 4: on mortgage originations. I help people get funding for deals.
• 38:41
  Speaker 4: For the past twenty years, over a billion dollars funded
• 38:43
  Speaker 4: in my career. I am MG the mortgage guy. George.
• 38:47
  Speaker 7: Okay, So, so so you reach out to Florida as well.
• 38:50
  Speaker 4: Or just yes, sir. I do all types of loans.
• 38:53
  Speaker 4: I work with first time home buyers investors know a
• 38:56
  Speaker 4: lot if your first time investors to savvy investors. I
• 38:59
  Speaker 4: work on commercial I can do rehab finance, and I
• 39:02
  Speaker 4: can do development financing whatever you want. I'm like Baskin
• 39:06
  Speaker 4: Robbins jehne.
• 39:08
  Speaker 7: Okay, So what else you need? So where do I
• 39:11
  Speaker 7: go to your page? Do I go to you to do?
• 39:14
  Speaker 4: If you want to work with me, apply with MG
• 39:16
  Speaker 4: dot com. That's it. Apply with MG dot com. If
• 39:20
  Speaker 4: you want to get pre approved, you want a second
• 39:21
  Speaker 4: opinion on the current deal, or if you want to
• 39:23
  Speaker 4: book a consultation with me on my team, apply with
• 39:26
  Speaker 4: MG dot com. Okay, got you.
• 39:29
  Speaker 7: I appreciate that. Thanks for the blessing.
• 39:31
  Speaker 4: Continue blessings, my brother, Yes, blessings.
• 39:34
  Speaker 5: It's a blessing to be a blessing. All right.
• 39:36
  Speaker 9: Dante Walker, you ready, man, you're coming back to you.
• 39:40
  Speaker 9: You just stuff you've been on. You appreciate you. George happy,
• 39:42
  Speaker 9: holladays you in the field.
• 39:43
  Speaker 7: You as well.
• 39:45
  Speaker 4: Yeah, yeah, I missed this. I haven't done this in
• 39:51
  Speaker 4: a while.
• 39:53
  Speaker 5: Dante, You've been unmuted. Man, what's up? We get him second.
• 40:01
  Speaker 4: Change, so we might have to clip that last one.
• 40:06
  Speaker 4: That last that last exchange. I kind of like that one.
• 40:11
  Speaker 6: It's gonna get your next post, Joseph Joseph Wells Jr.
• 40:15
  Speaker 6: We're going to you get yourself. You've been unmuted. What's
• 40:18
  Speaker 6: going on? Guidelines, guidelines, that's what's going on.
• 40:34
  Speaker 5: And he's.
• 40:37
  Speaker 3: Well, let's talk about this.
• 40:38
  Speaker 8: So part of Eyo University is MG the Mortgage Guys
• 40:42
  Speaker 8: Home Buys Blueprint BYOME one and volume two. And can
• 40:46
  Speaker 8: you just talk about what's encompassed in the Home Boys
• 40:49
  Speaker 8: Blueprint Volume one and two.
• 40:51
  Speaker 4: So the home Buyers Blueprint series is the encyclopedia for
• 40:55
  Speaker 4: home buyers and investors the homes.
• 40:58
  Speaker 3: Which what you get? What'd you get? The encyclopedia word.
• 41:01
  Speaker 4: From Rashan turn y'all when shap allows this is the result, Yo.
• 41:06
  Speaker 4: I don't have no shame in telling y'all this too.
• 41:09
  Speaker 4: I have no ego with this, YO. When he the
• 41:13
  Speaker 4: first time he said that shit too, I said, oh
• 41:15
  Speaker 4: my god, the encyclopedia, I said, I'm gonna run that joint, yo.
• 41:24
  Speaker 4: Y'all watching that's in real time, y'all, this is live.
• 41:30
  Speaker 4: But now it really is this but it really is
• 41:33
  Speaker 4: though Encyclopedia for Home Buying. The Homeboys Boothprint Volume one
• 41:37
  Speaker 4: is fifteen plus hours of content assessments. I mean you
• 41:41
  Speaker 4: get the So any first time home buyer, new reiltor
• 41:46
  Speaker 4: like yo, you can go through that thing and kind
• 41:48
  Speaker 4: of no, you can get your deal closed.
• 41:51
  Speaker 5: Period.
• 41:52
  Speaker 4: It's helped thousands of people close on real estate and
• 41:55
  Speaker 4: one of the and I'll be honest, I don't even
• 41:58
  Speaker 4: promote all the success of this. And I got to
• 42:00
  Speaker 4: get better at that because there's been fat literally thousands
• 42:03
  Speaker 4: of people. We be all over the place and people
• 42:07
  Speaker 4: always come out like, yo, I close on this. I
• 42:09
  Speaker 4: save money because of the Homebuys Blueprint valuing one right.
• 42:12
  Speaker 4: So it's the Encyclopedia for Home buy It's probably my
• 42:14
  Speaker 4: greatest work to this day. I love that course and
• 42:19
  Speaker 4: it's my baby. And look Ab took it. Ab was
• 42:22
  Speaker 4: doing assessments and took it and he's like, yore, Matt,
• 42:25
  Speaker 4: I learned all about real estate because of the Homebuys Blueprint.
• 42:29
  Speaker 8: So Mike Brown, Mike Brown actually brought a home off
• 42:32
  Speaker 8: of that eyolum not. He was saying, like, you know,
• 42:35
  Speaker 8: he brought the home after studying the blueprint. And the
• 42:37
  Speaker 8: thing about it is like, you know, the encyclopedia is
• 42:41
  Speaker 8: fitting because you go to school and you study and
• 42:43
  Speaker 8: you learn about variety different things, but you never really
• 42:46
  Speaker 8: learn about the process of buying a home. And it's
• 42:48
  Speaker 8: very actually extremely complicated, not as easy as just going
• 42:51
  Speaker 8: to the bank and buy a home. And for most people,
• 42:54
  Speaker 8: that's the biggest purchase that you're ever going to make
• 42:55
  Speaker 8: in life. So being that there's no education on it,
• 42:59
  Speaker 8: what do you go to know what you're doing? You
• 43:01
  Speaker 8: just don't really know what you're doing. You just kind
• 43:03
  Speaker 8: of wing it and you end up making a lot
• 43:05
  Speaker 8: of mistakes. You don't even know you're making mistakes. So
• 43:09
  Speaker 8: you know, to have a curriculum to have you know
• 43:11
  Speaker 8: a step by step died in buying a home and
• 43:16
  Speaker 8: then also how to renovate the home, and you know
• 43:19
  Speaker 8: different programs and interest rates and you know all of
• 43:23
  Speaker 8: that refinancing and all that stuff is actually extremely beneficial
• 43:27
  Speaker 8: for a majority of people because it wasn't taught to.
• 43:31
  Speaker 3: You in school.
• 43:32
  Speaker 8: And if your parents didn't buy a home, then even
• 43:36
  Speaker 8: if they brought a home, they might not be fully
• 43:38
  Speaker 8: educated on the process. So it's people take it for granted,
• 43:42
  Speaker 8: but that is actually extremely beneficial educational peace because there's
• 43:48
  Speaker 8: so many different parts of buying a home. You got
• 43:51
  Speaker 8: the entrepreneur loan, you got the jumbo mortgage, you got
• 43:55
  Speaker 8: the refine, you got the veteran loan, you got the
• 43:59
  Speaker 8: you know the heat lot, you got the two O
• 44:02
  Speaker 8: three K, you got the two three K.
• 44:07
  Speaker 4: You got the home styles. So like Volume two, the
• 44:09
  Speaker 4: rehab pack covers that covers fairly made home style rehab loan.
• 44:15
  Speaker 4: It covers the two or three K in depth detail.
• 44:18
  Speaker 4: That's around seven hours of information. And you know, what
• 44:22
  Speaker 4: I really want to do is in all honesty, and
• 44:25
  Speaker 4: I put this in Chat like a month ago, but
• 44:27
  Speaker 4: I really want to do volume three. And I think
• 44:30
  Speaker 4: Volume three is going to be the best body of
• 44:32
  Speaker 4: work that I've ever done in my life, superseding Volume
• 44:35
  Speaker 4: one because now there's new information, there's new things that
• 44:40
  Speaker 4: are happening in the world and in the marketplace, and
• 44:42
  Speaker 4: there's a lot of different loan products out there. So
• 44:45
  Speaker 4: I think with volume three that's going to encompass heavy investing,
• 44:50
  Speaker 4: heavy entrepreneur, self employed, and really teaching people how to
• 44:54
  Speaker 4: analyze theos and going through those motions too. So Blueprint
• 44:59
  Speaker 4: Volume three will be coming soon. I'm not going to
• 45:01
  Speaker 4: put a data on it right now, because I'm going
• 45:04
  Speaker 4: to probably make that twenty plus hours of information to
• 45:08
  Speaker 4: really help people get the game on track that they
• 45:10
  Speaker 4: push back like this is really going to be a
• 45:13
  Speaker 4: dynamic piece of work and it's only going to be
• 45:17
  Speaker 4: for EYL University powered by recession Proof. So if you
• 45:22
  Speaker 4: want to really learn how to fund your deals, fund
• 45:26
  Speaker 4: your investments, and really get the vital information, you got
• 45:31
  Speaker 4: to be a part of this. Man, you got to
• 45:33
  Speaker 4: be a part of this. So the Home Boys Rodeogia
• 45:35
  Speaker 4: series is phenomenal.
• 45:37
  Speaker 9: Yes, she just asked what you can get. If you're
• 45:39
  Speaker 9: in the chat, then you have access to it right now.
• 45:41
  Speaker 9: Oh yeah, surely surely.
• 45:44
  Speaker 4: Oh yeah, if you're in a zoom then you already gucci.
• 45:48
  Speaker 9: Yeah, and man, I got I told you this when
• 45:51
  Speaker 9: I first saw it. I think I probably was the
• 45:52
  Speaker 9: first one to have eyes on the program. So it
• 45:56
  Speaker 9: was a complete body of work, and you over deliver it.
• 45:58
  Speaker 9: I know a lot of times I feel like, you know,
• 46:00
  Speaker 9: you get a little harder yourself, like, you know, I
• 46:02
  Speaker 9: could have added more, and after like going through the
• 46:04
  Speaker 9: course and writing the assessments for the course, I'm like,
• 46:07
  Speaker 9: I'm not shure how you could have. In fact, anybody
• 46:10
  Speaker 9: that takes it, they're gonna come out better and they're
• 46:12
  Speaker 9: gonna come out with an understanding of real estate that
• 46:14
  Speaker 9: they never had before.
• 46:15
  Speaker 6: I definitely did and I have a home and you
• 46:18
  Speaker 6: walk me through the process of getting another home. So
• 46:21
  Speaker 6: congratulations to you. I know you want to give us
• 46:22
  Speaker 6: our flowers, but I want to give you yours.
• 46:23
  Speaker 5: Man. That is a complete body of work.
• 46:26
  Speaker 9: It's an authentic body of work, and it is super
• 46:30
  Speaker 9: digestible and the fact that people get to assess how
• 46:34
  Speaker 9: they're learning and what they're learning throughout the process makes
• 46:36
  Speaker 9: it even better. Man, So congrats to you on the
• 46:39
  Speaker 9: becoming the authority in the field of real estate for
• 46:42
  Speaker 9: our community.
• 46:43
  Speaker 10: Man.
• 46:43
  Speaker 4: Try I appreciate that you from coming from you because
• 46:46
  Speaker 4: you're an educator, You're professionally trained at this. And when
• 46:50
  Speaker 4: you told me that, I'm like, nah, this shit sucks,
• 46:52
  Speaker 4: like I could do a lot more. And you know
• 46:55
  Speaker 4: the funny thing is I said that about episode twelve
• 46:58
  Speaker 4: two and yeah, both is like nah, it's good. Like
• 47:00
  Speaker 4: I am a tough critic on myself. I'm very hard
• 47:03
  Speaker 4: on everything that I do, and Troy is always that person,
• 47:06
  Speaker 4: Like no, as soon as I come off any stage
• 47:09
  Speaker 4: or anything, Troy is literally the first person that comes
• 47:12
  Speaker 4: out to me like yore mg, nah da da d like.
• 47:16
  Speaker 4: So I always appreciate you, bro, because coming from you
• 47:19
  Speaker 4: being a trained professional educator. That means a lot, because
• 47:22
  Speaker 4: I'm not trained to do this. I don't even know
• 47:25
  Speaker 4: how I'm doing this today. To be honest with you,
• 47:27
  Speaker 4: I'm just I'm just doing what I do and the blueprint.
• 47:31
  Speaker 4: Looking back at it now, I agree with a thousand
• 47:34
  Speaker 4: percent with you. That thing's a masterpiece and I'm very
• 47:37
  Speaker 4: proud of it. It's helped thousands of people buy real
• 47:40
  Speaker 4: estate the right way, get good deals. But now I
• 47:44
  Speaker 4: think I want to take it to the next level
• 47:46
  Speaker 4: with Volume three and just continue my mission. And my mission, fellas,
• 47:51
  Speaker 4: is to help close the wealth gap in real estate,
• 47:54
  Speaker 4: one brick at a time. And whether you're buying your
• 47:57
  Speaker 4: primary residence or you buying investment properties, Black and brown
• 48:00
  Speaker 4: people need to buy real estate. We don't need to
• 48:03
  Speaker 4: really pay attention to the fair mongerin We need to
• 48:06
  Speaker 4: stay the course and stay focused on our mission. Our
• 48:09
  Speaker 4: wealth is disappearing in front of our eyes. And if
• 48:12
  Speaker 4: we have everybody who's watching this right now, we have
• 48:15
  Speaker 4: the opportunity to change the generational DNA of our entire community.
• 48:22
  Speaker 4: And real estate is a big play on that. Let's
• 48:24
  Speaker 4: not get it twisted. I know real estate gets treated
• 48:26
  Speaker 4: like the step child when it comes to cryptrow and
• 48:28
  Speaker 4: stocks and everything that's out there. But let's not forget
• 48:32
  Speaker 4: how important real estate is because you can't go outside
• 48:35
  Speaker 4: without seeing real estate period.
• 48:40
  Speaker 3: Period with a T with a T YEP. Very important.
• 48:46
  Speaker 3: Uh well MG, always a pleasure. My brother.
• 48:52
  Speaker 4: My graduates from my school being forced back drop Mike drop.
• 49:00
  Speaker 1: Dus an illegal alien from Guatemala charged with raping a
• 49:14
  Speaker 1: child in Massachusetts. An MS thirteen gang member from Al
• 49:18
  Speaker 1: Salvador accused of murdering a Texas man of Venezuelan charged
• 49:23
  Speaker 1: with filming and selling child pornography in Michigan. These are
• 49:27
  Speaker 1: just some of the heinous migrant criminals caught because of
• 49:30
  Speaker 1: President Donald J. Trump's leadership. I'm Christy Noman, the United
• 49:34
  Speaker 1: States Secretary of Homeland Security. Under President Trump, Attempted illegal
• 49:39
  Speaker 1: border crossings are at the lowest levels ever recorded, and
• 49:42
  Speaker 1: over one hundred thousand illegal aliens have been arrested. If
• 49:46
  Speaker 1: you are here illegally, your next you will be fined
• 49:50
  Speaker 1: nearly one thousand dollars a day, imprisoned, and deported. You
• 49:54
  Speaker 1: will never return. But if you register using our CBP
• 49:57
  Speaker 1: home app and leave now, you could be allowed to
• 50:00
  Speaker 1: return legally do what's right. Leave now. Under President Trump,
• 50:05
  Speaker 1: America's laws, border and families.
• 50:08
  Speaker 2: Will be protected. Sponsored by the United States Department of
• 50:10
  Speaker 2: Homeland Security,