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Study Hall: Blueprint to Buy Back the Block · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
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  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
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  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
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  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
• 0:39
  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.
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  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: Readings and salutations.
• 1:02
  Speaker 2: Too bad, what's going on? They ain't even trying to
• 1:06
  Speaker 2: play us no more. They don't give us no ads
• 1:08
  Speaker 2: to that.
• 1:10
  Speaker 3: I appreciate that. Yes, this is gonna be glorious as always.
• 1:19
  Speaker 3: Anytime we get to come on YouTube, it's always a
• 1:23
  Speaker 3: special situation. You don't let the fan man shout out
• 1:27
  Speaker 3: to e y L University earns.
• 1:29
  Speaker 2: What's up? What's up? What's up?
• 1:31
  Speaker 3: What's going on? You're about to get it going.
• 1:34
  Speaker 2: I've unmuted myself.
• 1:38
  Speaker 3: Yeah, let's get the young Legend Chris Senegal in the building.
• 1:44
  Speaker 3: Let's get him up and running pace pace pace, There
• 1:52
  Speaker 3: you go, pace.
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  Speaker 4: Yeah.
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  Speaker 3: I hope iverybody got a chance to check out to
• 2:01
  Speaker 3: kill a mic epis. So that's all right now on
• 2:03
  Speaker 3: all platforms. The young Legend himself, Chris, what's going on? Brother?
• 2:08
  Speaker 2: Y'all?
• 2:08
  Speaker 3: Oh, we're great, bron how you.
• 2:10
  Speaker 5: I'm great, man, I'm great, blessed man. Can't complain, yo, man.
• 2:14
  Speaker 2: We gotta make it back to age down, that's a fact.
• 2:16
  Speaker 3: Yeah, we can't wait.
• 2:18
  Speaker 5: It was. It was, it was too short.
• 2:21
  Speaker 2: That was our first time. It was definitely a memorable one.
• 2:23
  Speaker 5: The right and then COVID hit right before you all
• 2:26
  Speaker 5: were coming back, right, Yeah, we was.
• 2:27
  Speaker 3: We was talking to you, man, I was talking to you,
• 2:29
  Speaker 3: trying to work out like venues and eights and all that.
• 2:31
  Speaker 3: Then she was like they had the rodeo going on,
• 2:33
  Speaker 3: and there was a bunch of stuff. We had to
• 2:35
  Speaker 3: push it back because we had Philly and we actually
• 2:38
  Speaker 3: could we couldn't get either one off. We had to
• 2:40
  Speaker 3: cancel Philly like two days before, and Houston was supposed
• 2:43
  Speaker 3: to be after Philly. So yeah, God willing whenever this
• 2:46
  Speaker 3: thing clears up finally, Man, coming back to Houston, full
• 2:51
  Speaker 3: full steam ahead.
• 2:53
  Speaker 5: Gotta make it happen, Man, gotta make it happen.
• 2:54
  Speaker 2: We had a good time out there.
• 2:55
  Speaker 3: Chris shout out to Ahetown. Man, shout out at Ashtown
• 3:01
  Speaker 3: for sure. Man. So yeah, man, we're gonna just, you know,
• 3:04
  Speaker 3: let people settle in here. But once again, thank you
• 3:07
  Speaker 3: for joining us. I feel like, you know, we just
• 3:11
  Speaker 3: shot your episode. It's crazy how time flies.
• 3:13
  Speaker 5: That was man. Yeah really but man, just watching the
• 3:15
  Speaker 5: trajectory of ey L Man, it's been it's been phenomenal
• 3:18
  Speaker 5: to watch.
• 3:18
  Speaker 2: Man.
• 3:19
  Speaker 5: I'm like the biggest fan.
• 3:20
  Speaker 2: Yeah, man, we shot that, We shot your episode. We
• 3:23
  Speaker 2: went to we did our Houston open house in a sense,
• 3:27
  Speaker 2: really meet and greet. I was like, yo, man, we
• 3:30
  Speaker 2: got a special one with you.
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  Speaker 5: I love that.
• 3:36
  Speaker 2: Yeah.
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  Speaker 3: That was that was dope, man, that was dope. So Yeah,
• 3:39
  Speaker 3: if anybody's not familiar Chris Senegal a legend in his
• 3:42
  Speaker 3: own right episode thirty six and earlyer Lisia, you should
• 3:46
  Speaker 3: definitely check that outf you get a chance. So at
• 3:49
  Speaker 3: the time, this is actually dope because at the time
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  Speaker 3: he was like in the process of like he brought
• 3:55
  Speaker 3: a whole block in Houston. So I won't go over
• 3:57
  Speaker 3: the whole story because it's in the episode. So how
• 4:00
  Speaker 3: is that. You know, he was a real estate developer,
• 4:03
  Speaker 3: and then he brought a whole block in Houston, Texas
• 4:05
  Speaker 3: in the fifth Ward, which at the time was run
• 4:08
  Speaker 3: down like prostitution, drugs, stuff like that, and he changed
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  Speaker 3: the whole the whole face of the block and he
• 4:17
  Speaker 3: put like townhouses up. But what makes him different is
• 4:21
  Speaker 3: that he's not just you know, bringing people in, just
• 4:25
  Speaker 3: you know, gentifying the neighborhood. So what happens a lot
• 4:27
  Speaker 3: of times and being poor, working class neighborhoods is that
• 4:31
  Speaker 3: you know, people do well for themselves, Right, they grow
• 4:33
  Speaker 3: up in the neighborhood, but they might become a doctor,
• 4:35
  Speaker 3: a lawyer, accountant, or whatever. Right, maybe they get a
• 4:39
  Speaker 3: six figure job and then they move into the suburbs.
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  Speaker 3: So the problem with doing that is that now, as
• 4:45
  Speaker 3: we put in the post today, the suburbs the dollars,
• 4:49
  Speaker 3: it helps their school district, that helps their roads that
• 4:53
  Speaker 3: you know, their infrastructure. And meanwhile the hood place you
• 4:59
  Speaker 3: grew up in, I gets that. But what does come
• 5:02
  Speaker 3: is that now people that are not from that neighborhood
• 5:05
  Speaker 3: come into that neighborhood and then they start investing. And
• 5:09
  Speaker 3: now what happens is that the people that the culture
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  Speaker 3: actually changes and the people gets pushed out. So he
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  Speaker 3: had the idea, like to say, okay, well, why don't
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  Speaker 3: we bring the people that are originally from this neighborhood.
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  Speaker 3: They got families in this neighborhood that grew up in
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  Speaker 3: this neighborhood or just grew up in similar type of neighborhoods,
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  Speaker 3: and bring them back. Right, so working class professionals instead
• 5:29
  Speaker 3: of going to the suburbs, come back into the inner city,
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  Speaker 3: and let's change the culture of it, like let's get
• 5:35
  Speaker 3: better schools, let's get you know, let's make it a
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  Speaker 3: safe environment, let's do all that, but let's do it responsibly.
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  Speaker 3: So he was like the first person that we really
• 5:44
  Speaker 3: interviewed that had that strategy. And so from now and
• 5:48
  Speaker 3: I'll let him tell it better than I can. But
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  Speaker 3: from that point until now he brought and sold. He
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  Speaker 3: built and sold five homes. He started working on eight.
• 6:00
  Speaker 3: He started, he's starting working on eight next month. He
• 6:03
  Speaker 3: purchased eighteen houses in two commercial buildings in March, and
• 6:09
  Speaker 3: so he's actually like in the process of actually buying
• 6:13
  Speaker 3: back the block in real time.
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  Speaker 2: So it's fitting because shout out, shout out to Houston.
• 6:18
  Speaker 2: But like when I think of Houston, I think a
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  Speaker 2: scarface and his knee had to saw my block. Yeah,
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  Speaker 2: I'm looking like, yo, Chris really did it. And this
• 6:24
  Speaker 2: whole happens when we went there. We stayed in the
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  Speaker 2: fifth ward, third ward door door World, third Ward, and
• 6:29
  Speaker 2: I was like, yo, I remember one day we lost
• 6:31
  Speaker 2: I thought we lost Shotty. I was like, yo, broo,
• 6:33
  Speaker 2: anybody seem shoty And yeah, we couldn't find him. Be like, yo, damn,
• 6:36
  Speaker 2: I think somebody followed us to the crib. Bro they
• 6:38
  Speaker 2: got him. He's like walking like aimlessly down the block,
• 6:42
  Speaker 2: like this is a nice neighborhood. He's like, you know,
• 6:43
  Speaker 2: I just saw Chris Senegal. He's scouting.
• 6:48
  Speaker 3: They thought I got kidnapped. We thought he got was
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  Speaker 3: running out the house, Like where is he? Where's he at?
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  Speaker 3: Like I'm like, yo, I just took a shoulder the neighborhood. Man.
• 6:58
  Speaker 3: They literally thought I got kidnapped Houston, right. But but yeah,
• 7:03
  Speaker 3: so Chris, So what we're going to do is I'm
• 7:06
  Speaker 3: gonna let you go through your presentation all that, but
• 7:08
  Speaker 3: before we even start anything that I missed out as
• 7:12
  Speaker 3: far as the backstory or where you're at now, as
• 7:15
  Speaker 3: far as the development things of that nature.
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  Speaker 5: Man, you hit all important points. I mean, you know,
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  Speaker 5: we got two different projects. One is, you know, the
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  Speaker 5: new construction bringing in the higher incomes back to the community,
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  Speaker 5: and the other one is that eighteen house portfolio bought
• 7:29
  Speaker 5: is specifically to protect the existing residents. You know, we
• 7:32
  Speaker 5: can try to get the city to control the rents
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  Speaker 5: or whatever, talk about, you know, stopping gentrification, but we
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  Speaker 5: can't stop it. The only way you really control the
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  Speaker 5: rents is to own the real estate that the rents
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  Speaker 5: come from. And so that's been my focus, man, just
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  Speaker 5: trying to show that we can do both sides. So yes,
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  Speaker 5: I'll get into a little presentation. We'll talk about that
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  Speaker 5: in a.
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  Speaker 3: Second, all right, So let's get into it. So before
• 7:51
  Speaker 3: we start, we're going to welcome everybody. So what we
• 7:54
  Speaker 3: do we do this, We do this once a month
• 7:56
  Speaker 3: at the end of the month. So we have eyl University,
• 7:59
  Speaker 3: and part of Eyo University is that we do weekly classes.
• 8:03
  Speaker 3: Like we do a class every single week every Wednesday
• 8:05
  Speaker 3: at eight o'clock Eastern Standard time, and then at the
• 8:08
  Speaker 3: last Wednesday of each month, we open it up for
• 8:10
  Speaker 3: the public so they can like you know, have like
• 8:12
  Speaker 3: an open house. It's kind of like an open house
• 8:14
  Speaker 3: type deal. So what we do with the Eyo University
• 8:16
  Speaker 3: classes is that different from the podcast where it's it's interactive.
• 8:19
  Speaker 3: So a teacher or a presenter comes on and they
• 8:23
  Speaker 3: they give like a twenty minute PowerPoint presentation on it
• 8:26
  Speaker 3: on a different topics, and then members from Eyo University
• 8:29
  Speaker 3: then they engage with them, they ask questions and it's
• 8:32
  Speaker 3: like an interactive it's a new way of learning. So
• 8:34
  Speaker 3: what we did with Eyo University, we think is really
• 8:37
  Speaker 3: create a personal finance school bigger than just investing, because
• 8:40
  Speaker 3: it's like you could just watch market Mondays just for
• 8:42
  Speaker 3: investment tips, but Eyo University is a whole personal finance school. So,
• 8:45
  Speaker 3: like this month, the classes that we had was disability insurance.
• 8:49
  Speaker 3: We had how to start a marijuana company with two
• 8:52
  Speaker 3: thousand dollars, and we had car buying class. And then
• 8:56
  Speaker 3: next next Wednesday, we have the class about Africa real estate.
• 8:59
  Speaker 3: How do it invest in Ghana real estate? International real estate?
• 9:02
  Speaker 3: So we got a lot of international people and we
• 9:04
  Speaker 3: want to start doing more international stuff. But even if
• 9:06
  Speaker 3: you live in America, Ghana is on fire right now.
• 9:09
  Speaker 3: So each and every week we do we do a
• 9:10
  Speaker 3: different class.
• 9:11
  Speaker 2: November we got some heat coming. Yeah, we got some heat.
• 9:14
  Speaker 3: And then in addition to that, we got the book
• 9:15
  Speaker 3: and movie club yep, headed up by you.
• 9:17
  Speaker 2: Yeah yeah. Right now we're doing a money Master of
• 9:19
  Speaker 2: the Game and that's been going crazy every week. I mean,
• 9:22
  Speaker 2: I think we hit a record last week. We had
• 9:23
  Speaker 2: like almost four hundred people in our book club. It
• 9:25
  Speaker 2: was absolutely amazing. And it's more than a book club.
• 9:27
  Speaker 2: It becomes like this therapeutic session on finance and real estate,
• 9:31
  Speaker 2: and then it becomes like, Yo, I found my partners.
• 9:35
  Speaker 2: Inside of that, we have what we call triads, which
• 9:38
  Speaker 2: is like three people that are finding the ways that
• 9:41
  Speaker 2: they have in common and becoming accountability partners for each other.
• 9:45
  Speaker 2: So it's like yo, that could be my business partner,
• 9:47
  Speaker 2: or could just be somebody that's pushing me to find
• 9:49
  Speaker 2: my goals or reach my goals. And what we've noticed
• 9:50
  Speaker 2: is like, this is dope. It's like sometimes you tell
• 9:54
  Speaker 2: the person close to you your goals and they don't
• 9:55
  Speaker 2: believe in you. But when you tell a stranger of
• 9:57
  Speaker 2: your goals, all they know is your goals. They don't
• 9:59
  Speaker 2: know anything about out you but the goal, and they
• 10:01
  Speaker 2: try to help you reach. And I think that's one
• 10:02
  Speaker 2: of the beautiful things that we find inside of our
• 10:05
  Speaker 2: accountability triad. So it's dope.
• 10:07
  Speaker 3: Yeah, So we got that. Then we got the private
• 10:09
  Speaker 3: Facebook group, which is an investment group, and that's a
• 10:11
  Speaker 3: community within itself, over four thousand members in there. And
• 10:15
  Speaker 3: then we have bi weekly real estate calls and Mortgage
• 10:18
  Speaker 3: God every other Sunday, MG he gets on it. It's
• 10:22
  Speaker 3: just like a two hour, three hours, sometimes even four
• 10:24
  Speaker 3: hour just real estate call and they just talk about
• 10:26
  Speaker 3: a variety of different real estate calls. And then once
• 10:28
  Speaker 3: a month I do financial planning calls. Everybody knows I'm
• 10:31
  Speaker 3: a financial advisor. And what happened is that I put
• 10:33
  Speaker 3: my schedule up and it just became too much. It
• 10:35
  Speaker 3: became overwhelming for me to actually take calls, so I
• 10:38
  Speaker 3: limited that and I realized that a lot of people
• 10:40
  Speaker 3: had the same question. So every single month, sit down
• 10:42
  Speaker 3: for about two hours on a Saturday and we talk
• 10:45
  Speaker 3: about financial planning and go over different stuff life, insurance, retirement,
• 10:50
  Speaker 3: you know, just different financial planning topics. So all of that,
• 10:53
  Speaker 3: and then we have orientation orientation.
• 10:55
  Speaker 2: Yeah. Yeah, So every month now that we get new
• 10:57
  Speaker 2: earners coming in and were treating us like the school,
• 11:00
  Speaker 2: Eyo University, we have orientation. So some people get they
• 11:03
  Speaker 2: come into and they're just like overwhelmed by the information because,
• 11:06
  Speaker 2: like I said, we're not just cappin when we're telling you,
• 11:08
  Speaker 2: like there's a lot of courses, a lot of content.
• 11:10
  Speaker 2: So we have an orientation that can help you and
• 11:12
  Speaker 2: guide you through that process, walk you through it, find
• 11:15
  Speaker 2: a track for you, right cause some people may say,
• 11:17
  Speaker 2: like real estate is not my thing, Well we got
• 11:19
  Speaker 2: over seventy courses, what is your thing? And so you
• 11:21
  Speaker 2: find the track and you follow it. And that's kind
• 11:23
  Speaker 2: of what makes it dope about having accountability partners and
• 11:26
  Speaker 2: triads is that you're going to find people who are
• 11:28
  Speaker 2: on similar tracks. So everybody's pushing forward in the same direction,
• 11:31
  Speaker 2: whatever direction you choose.
• 11:32
  Speaker 3: Yeah, that's a fact. So yeah, so I say, I
• 11:34
  Speaker 3: have to say, this is like open house. Once a month,
• 11:36
  Speaker 3: we do this open house situation, and it's a lot.
• 11:39
  Speaker 3: It's a lot. So the reason why, like the price
• 11:43
  Speaker 3: keeps going on and it's still undervalue. It's three hundred
• 11:45
  Speaker 3: and sixty dollars for the entire year, but we're adding
• 11:48
  Speaker 3: to it. So it's an ongoing thing. So as we
• 11:50
  Speaker 3: add to it, we have different overhead, we have staff, now,
• 11:53
  Speaker 3: we have different you know. So this we have we're
• 11:56
  Speaker 3: running a promo hold forty percent off the whole entire
• 11:59
  Speaker 3: year annual membership and three hundred and sixty dollars, which is,
• 12:02
  Speaker 3: like I said, that's like a night in Atlanta for
• 12:05
  Speaker 3: twenty four hours, twenty four hours from from right now
• 12:08
  Speaker 3: twenty four hours, and then after that you can still join.
• 12:11
  Speaker 3: It's just you know, slightly higher membership. It's like a
• 12:13
  Speaker 3: stock once you get in. Some people got it are
• 12:16
  Speaker 3: ninety nine dollars and it's only going up from there
• 12:18
  Speaker 3: because it's just added value. We're gonna make this bigger
• 12:20
  Speaker 3: than Phoenix University. This is going to be the biggest
• 12:23
  Speaker 3: all Loine University in existence. So I'm gonna put the
• 12:25
  Speaker 3: link in and it's only for the link. Can we
• 12:28
  Speaker 3: try to make this as easy as possible. There's no
• 12:29
  Speaker 3: code or anything, it's just the link. The link. I'm
• 12:31
  Speaker 3: gonna pin the link in YouTube. It's in the description
• 12:34
  Speaker 3: if you want to join forty percent off twenty four hours.
• 12:37
  Speaker 3: So Chris, let's get into.
• 12:39
  Speaker 5: It, all right, let's go. Let's go. Let me see,
• 12:42
  Speaker 5: let me share my screen.
• 12:45
  Speaker 3: Does he have to do something to share it or no?
• 12:47
  Speaker 2: He's a host now? Okay, yeah, let me I got
• 12:50
  Speaker 2: it here.
• 12:51
  Speaker 3: Yeah, Chris is a tech guy, so I know he knows.
• 12:55
  Speaker 2: Engineer in his own right. Chris is let's see, yeah,
• 13:01
  Speaker 2: we see you over here.
• 13:03
  Speaker 5: Okay, let me make sure it's not let me see
• 13:05
  Speaker 5: slash over from beginning.
• 13:06
  Speaker 3: There we go.
• 13:07
  Speaker 5: All right, So how to buy the block? I appreciate
• 13:11
  Speaker 5: the opportunity guys, for y'all to have me on today.
• 13:14
  Speaker 5: This topic is very near and dear to me because
• 13:17
  Speaker 5: I've been an investor since two thousand and eight. I
• 13:19
  Speaker 5: did the typical fix and flip model at the wholesale model,
• 13:22
  Speaker 5: and what I realized was that, man, sometimes it's such
• 13:26
  Speaker 5: a capitalistic business, and you're trained by other capitalists that
• 13:29
  Speaker 5: don't have the same background as you, that they'll train
• 13:32
  Speaker 5: you do some things that actually sometimes can't hurt the community,
• 13:36
  Speaker 5: or they'll teach you how to make money in the
• 13:38
  Speaker 5: community but not actually own the community long term. And
• 13:41
  Speaker 5: so for me, I just had an AHA moment one
• 13:44
  Speaker 5: day and I had epiphany. I was like, well, you know,
• 13:46
  Speaker 5: we're always talking about these things that happened in our neighborhoods,
• 13:49
  Speaker 5: and I know other people that look like me that
• 13:50
  Speaker 5: are investors, but nobody's really talking about how to tackle
• 13:53
  Speaker 5: this challenge, this gentrification issue. How do we start controlling
• 13:57
  Speaker 5: these neighborhoods again. So that's been missioned since about twenty twelve.
• 14:01
  Speaker 5: In twenty thirteen when I bought that first block that
• 14:03
  Speaker 5: you talked about. So let's just start with the definition
• 14:06
  Speaker 5: of gentrification, the process by which a part of a
• 14:09
  Speaker 5: city changes from being a poorer area to a richer
• 14:12
  Speaker 5: one and people from a higher social class are beginning
• 14:16
  Speaker 5: to move in. Usually, if no one advocates for the
• 14:19
  Speaker 5: poorer residents, they become displaced. So let's get this out
• 14:24
  Speaker 5: the way. I saw the post that y'all made earlier
• 14:26
  Speaker 5: and I saw the comments under the post, and it's like, man,
• 14:29
  Speaker 5: we all know the problems. We all know about slavery,
• 14:32
  Speaker 5: we all know about red lining, we all know about
• 14:35
  Speaker 5: all the other injustices that we have. At some point
• 14:38
  Speaker 5: we got to start focusing on the solutions to these problems.
• 14:40
  Speaker 5: And it's okay to regurgitate them, and it's okay to
• 14:44
  Speaker 5: be a debater, it's okay to be a historian, but
• 14:47
  Speaker 5: what about the future. And this quote by Will Smith
• 14:50
  Speaker 5: when he first got on Instagram always resonates with me.
• 14:52
  Speaker 5: It's like, it may not be your fault that something
• 14:54
  Speaker 5: happened to you, but it's damn sure your responsibility to
• 14:57
  Speaker 5: fix it. And so that's exactly where I am. So
• 15:00
  Speaker 5: my mission changing their gentrification through redevelopment that balances the
• 15:05
  Speaker 5: opportunity to attract higher income people originally from similar communities
• 15:10
  Speaker 5: out of the suburbs while ensuring existing residents are not
• 15:14
  Speaker 5: displaced in the process. So let's talk about revitalization and
• 15:18
  Speaker 5: plus gentrification always a debate, okay. So everything has a
• 15:23
  Speaker 5: life cycle, including a neighborhood. It has a life cycle, guys,
• 15:27
  Speaker 5: So everything has to start over at some point or
• 15:29
  Speaker 5: either it's just gonna die. You know, we can't just
• 15:32
  Speaker 5: let everything stay where it is, So we either revitalize
• 15:36
  Speaker 5: and have community controlled narrative or we stand back and
• 15:40
  Speaker 5: let somebody else do it from the sideline, right, and
• 15:43
  Speaker 5: then that's controlled specifically by outside groups that want profit,
• 15:46
  Speaker 5: and that's what we usually associate with the term gentrification with.
• 15:50
  Speaker 5: So then you know, like I said, I was doing
• 15:52
  Speaker 5: this back in twenty and thirteen, twenty fourteen, but this
• 15:54
  Speaker 5: trendy phrase came up, you know, about two years ago,
• 15:57
  Speaker 5: called buying the block, and I'm like, okay, wait a minute,
• 15:59
  Speaker 5: I guess I guess that to fine what I'm doing.
• 16:01
  Speaker 5: So we are trying to acquire and control the redevelopment
• 16:06
  Speaker 5: of real estate in our historic neighborhoods. So let's talk
• 16:11
  Speaker 5: again about the problems we all know about and the
• 16:13
  Speaker 5: history that we don't think to mention. Sometimes all these
• 16:17
  Speaker 5: neighborhoods are disadvantaged for the most part, but they once
• 16:21
  Speaker 5: thrived with people from all economic classes. And what do
• 16:24
  Speaker 5: I mean by that, Well, before desegregation, all of those vacant,
• 16:29
  Speaker 5: run down commercial buildings you see in these poor neighborhoods
• 16:32
  Speaker 5: used to be vibrant businesses. The doctors, the lawyers, the carpenters,
• 16:37
  Speaker 5: the movie theaters, the restaurants. Everything that we did not
• 16:40
  Speaker 5: have the right to patronize in another community was in
• 16:43
  Speaker 5: these communities, and we patronized all of those things. So
• 16:46
  Speaker 5: let's not think about it as always been a horrible
• 16:52
  Speaker 5: place to be. At one point in time, it thrived.
• 16:56
  Speaker 5: Here's another thing to look at. Businesses like grocery stores
• 16:59
  Speaker 5: are scarce in our communities, but when these neighborhoods thrived
• 17:03
  Speaker 5: during that same timeframe, the businesses were actually owned by
• 17:06
  Speaker 5: the people in the community and they were sustainable. So
• 17:09
  Speaker 5: if it happened before, it can happen again. So my
• 17:14
  Speaker 5: goal has been how do we how do we go
• 17:16
  Speaker 5: in these neighborhoods. How do we buy the block and
• 17:18
  Speaker 5: do it without displacing existing residents. So it took me
• 17:22
  Speaker 5: about two or three years to really come up with
• 17:23
  Speaker 5: a model that would work. I bought the property in
• 17:26
  Speaker 5: twenty thirteen, but I really didn't know what I was
• 17:28
  Speaker 5: going to do with it. And you know, eventually I
• 17:32
  Speaker 5: came in and I put these key pieces together so
• 17:34
  Speaker 5: we can go into the communities that we can invest
• 17:36
  Speaker 5: in the vacant property in the abandoned property and the
• 17:39
  Speaker 5: neglected property, the drug houses, the houses that attract criminal activity, right,
• 17:46
  Speaker 5: not going on knocking on doors asking the seniors to
• 17:49
  Speaker 5: sell their house, not taking advantage of people that are,
• 17:51
  Speaker 5: you know, in desperate financial situations. Let's focus on these
• 17:56
  Speaker 5: properties in the first bullet number one. Number two. Try
• 17:59
  Speaker 5: to keep rates affordable. If you're going to go in
• 18:01
  Speaker 5: the community and buy rental properties, Okay, what that means
• 18:05
  Speaker 5: is sometimes you're taught go in and renovate it and
• 18:07
  Speaker 5: make it as nice as possible, which means your investment
• 18:09
  Speaker 5: has to be larger on the front end. In exchange,
• 18:12
  Speaker 5: you have to demand more for the rent right. But
• 18:15
  Speaker 5: if you can buy a rental property that's in decent
• 18:18
  Speaker 5: condition and the tenant is happy with the way it is,
• 18:21
  Speaker 5: you don't have to invest so much on the front end.
• 18:23
  Speaker 5: You can still structure a deal where you get a
• 18:25
  Speaker 5: good return if you're a good negotiator, where you buy
• 18:28
  Speaker 5: it at the right price so then the person can
• 18:30
  Speaker 5: stay right there where they are. The third component is
• 18:33
  Speaker 5: one of the hardest components. How do we prevent home
• 18:35
  Speaker 5: ownership loss due to higher taxes. That's going to be
• 18:39
  Speaker 5: more of a political play where we have to get
• 18:41
  Speaker 5: with politicians that do this and other It's already implemented
• 18:45
  Speaker 5: in some cities where if you've owned your home for
• 18:47
  Speaker 5: longer than a certain amount of time, you're an exempt
• 18:49
  Speaker 5: from property tax increases. And so that needs to be
• 18:53
  Speaker 5: something that we need to focus on in these communities
• 18:55
  Speaker 5: to make this buy the block model really work without
• 18:58
  Speaker 5: being a detriment to the community. Okay, So when is
• 19:02
  Speaker 5: the right time to buy in these neighborhoods. Okay, here's
• 19:05
  Speaker 5: a couple of key points. I'm not talking about a
• 19:07
  Speaker 5: war zone. I'm not talking about anywhere it still is
• 19:11
  Speaker 5: super hood, you know. We are talking about areas in
• 19:14
  Speaker 5: the communities where there's already some sign of something positive happening. Okay,
• 19:20
  Speaker 5: and just remember, even if you see an abandoned community
• 19:24
  Speaker 5: that looks like it has a lot of potential. Bullet
• 19:26
  Speaker 5: number two is very important. It's harder for you to
• 19:31
  Speaker 5: spark this revitalization and get a return on investment if
• 19:34
  Speaker 5: you are the only catalyst. You have to go in
• 19:36
  Speaker 5: the communities where there's already something kind of going on
• 19:39
  Speaker 5: and we still have an opportunity to step in front
• 19:41
  Speaker 5: of it, and instead of trying to stop you know,
• 19:44
  Speaker 5: the redevelopment and calling it gentrification. Let's participate in it.
• 19:47
  Speaker 5: Let's control the narrative. Let's control parts of everything that's
• 19:50
  Speaker 5: going on in the community. Okay, So things you want
• 19:54
  Speaker 5: to look for when you see announcements of projects in
• 19:56
  Speaker 5: the newspaper, on the news, city council meetings, from other
• 20:01
  Speaker 5: people that are in real estate, that you know, people
• 20:03
  Speaker 5: that are networking with developers or builders, people you know
• 20:06
  Speaker 5: in your community that are investors. You know when you
• 20:10
  Speaker 5: hear these types of announcements, and that lets you know
• 20:13
  Speaker 5: something is coming. You know, the second Burger King figures
• 20:18
  Speaker 5: out where McDonald's put a land purchase contract in, they're
• 20:20
  Speaker 5: going to try to buy land right next to them
• 20:21
  Speaker 5: right same thing with Walgerys and Cvs. So as the
• 20:25
  Speaker 5: smaller guys in this play, as we're trying to independently
• 20:28
  Speaker 5: control and buy back these blocks, we need to be
• 20:30
  Speaker 5: following the big boys. You know it's gonna happen. We
• 20:33
  Speaker 5: can't fight them, we can't stop them, so we might
• 20:35
  Speaker 5: as well participate. Another good thing to look at as
• 20:38
  Speaker 5: a city activity, uhh, when a city activity picks up
• 20:42
  Speaker 5: in a neighborhood on the private real estate side, Okay,
• 20:46
  Speaker 5: when a particular neighborhood where you didn't see a new
• 20:48
  Speaker 5: construction before and now you start seeing for sale signs
• 20:50
  Speaker 5: and you see active construction work going on, that's probably
• 20:54
  Speaker 5: a good community, especially if it's one of our communities.
• 20:57
  Speaker 5: That's a good time for you to start saying, Okay,
• 20:58
  Speaker 5: this might be a neighborhood that I might want to
• 20:59
  Speaker 5: look at trying to buy a block with okay, and
• 21:02
  Speaker 5: then the city initiatives to spark redevelopment. That's on the
• 21:05
  Speaker 5: public side. So when you see the city going into
• 21:08
  Speaker 5: community and they're repaving streets and they're putting in sidewalks,
• 21:11
  Speaker 5: and they're updating signs, and they're putting in bike paths,
• 21:15
  Speaker 5: they're doing all of that because that's kind of the
• 21:16
  Speaker 5: extent that the public the government can do to entice developers.
• 21:21
  Speaker 5: They want developers to see this and investors to see
• 21:23
  Speaker 5: this and say, Okay, this is a neighborhood I want
• 21:25
  Speaker 5: to be in. So if you look for these signs
• 21:28
  Speaker 5: before all the houses have gone up and before everything
• 21:30
  Speaker 5: looks nice, these are neighborhoods that we should be trying
• 21:33
  Speaker 5: to buy the block in, especially if there are communities.
• 21:37
  Speaker 5: So how do we successfully execute buying back the block. Okay,
• 21:41
  Speaker 5: So number one, when it comes to buying blocks, if
• 21:45
  Speaker 5: you're going to do something bigger than individual houses, you
• 21:48
  Speaker 5: don't want to get a big plan together. You don't
• 21:51
  Speaker 5: want to spin your wheels on things if you do
• 21:53
  Speaker 5: not have site control. Site control is the single most
• 21:56
  Speaker 5: important part of that process, because what happens is you
• 21:59
  Speaker 5: put this tremendous plan together and either the seller decides
• 22:02
  Speaker 5: they don't want to sell, or you don't have all
• 22:05
  Speaker 5: of the properties together that you need for the project,
• 22:09
  Speaker 5: or they get wind of something else and they increase
• 22:12
  Speaker 5: their price on you, and so all of these factors
• 22:16
  Speaker 5: will end up with you doing all this work, all
• 22:18
  Speaker 5: this planning, and then you have no property to actually
• 22:20
  Speaker 5: use it for. So all that time and money is wasted. Right,
• 22:22
  Speaker 5: So there's several ways you get site control. Number one,
• 22:25
  Speaker 5: just make sure you have the property under a solid
• 22:27
  Speaker 5: contract at a set purchase price with a certain timeframe
• 22:31
  Speaker 5: on it. Okay, that way, if it's one piece of
• 22:35
  Speaker 5: property that you need for this entire project, then you
• 22:37
  Speaker 5: know you have control of that. Number two is kind of,
• 22:40
  Speaker 5: you know, obvious outright purchase, but that's not practical in
• 22:44
  Speaker 5: most situations, just going out and buying a whole block
• 22:47
  Speaker 5: and paying for cash is not really practical. And then
• 22:50
  Speaker 5: the third one is an option to purchase. So if
• 22:54
  Speaker 5: you have a project that you want to that you
• 22:56
  Speaker 5: want to take on, and let's say it's five or
• 22:59
  Speaker 5: six different owners, seven different owners, and you don't know
• 23:02
  Speaker 5: if all of them are gonna want to sell, You
• 23:04
  Speaker 5: don't know if their price points are going to be
• 23:06
  Speaker 5: reasonable if they do want to sell, what you want
• 23:08
  Speaker 5: to do is execute options to purchase. And what that
• 23:11
  Speaker 5: is is you go from owner to owner and you say, hey,
• 23:14
  Speaker 5: mister owner, let's negotiate. Let's come to a price that
• 23:17
  Speaker 5: we both agree on. I'm not buying your property today,
• 23:20
  Speaker 5: but if you give me a year, you give me
• 23:23
  Speaker 5: two years, and I can pull this thing together that
• 23:27
  Speaker 5: I'm trying to do. You have to allow me to
• 23:29
  Speaker 5: buy your property at this price. Okay. In exchange for that,
• 23:33
  Speaker 5: I'm gonna give you this money. Could be one thousand dollars,
• 23:35
  Speaker 5: could be five hundred dollars, whatever. Hey, if you never
• 23:37
  Speaker 5: hear from them again, this is your thousand dollars, you know.
• 23:40
  Speaker 5: But if I come back to you in a year
• 23:44
  Speaker 5: and I'm ready to buy then we have to follow
• 23:46
  Speaker 5: through on this contract, and so that allows you to
• 23:49
  Speaker 5: control each individual partial until you get them all together
• 23:53
  Speaker 5: for the project that you're trying to do. Okay, next
• 23:56
  Speaker 5: most important step is planning and design, because you have
• 23:59
  Speaker 5: to really understand what's going to take to pull this
• 24:02
  Speaker 5: concept off that you're trying to implement. Now, if you're buying,
• 24:06
  Speaker 5: if you're trying to buy more than one property in
• 24:07
  Speaker 5: their rental properties, like I said earlier, and there's already
• 24:10
  Speaker 5: tenants there, then you know this process is going to
• 24:13
  Speaker 5: be a lot easier for you because you don't have
• 24:15
  Speaker 5: a lot of work to do on the front end, right,
• 24:18
  Speaker 5: You don't have a lot of expenses that in the
• 24:21
  Speaker 5: real estate development world is called soft costs. These are
• 24:23
  Speaker 5: things that are intangible, Like once you spend the money,
• 24:26
  Speaker 5: the money's gone. Once you pay an architect for design work,
• 24:29
  Speaker 5: whether the project gets started or not, that's gone, right,
• 24:34
  Speaker 5: The permitting fees, paying for engineers, all that kind of stuff. Construction,
• 24:39
  Speaker 5: of course, construction is going to be one of your
• 24:40
  Speaker 5: biggest expenses because you want to make sure that while
• 24:43
  Speaker 5: you have site control, you really understand what the cost
• 24:46
  Speaker 5: of this entire project is going to be and then
• 24:49
  Speaker 5: you want to make sure that planning and zoning and
• 24:52
  Speaker 5: city ordinance or whatever in your area, and just the
• 24:55
  Speaker 5: general city permit approvals are in place for you to
• 25:00
  Speaker 5: be able to execute your project. And most importantly all
• 25:03
  Speaker 5: of this is really that all of that comprises feasibility
• 25:06
  Speaker 5: of rather buying this block and doing whatever you plan
• 25:09
  Speaker 5: to do with it really makes sense. Okay. Now, so
• 25:13
  Speaker 5: after you get site control and you've got a good
• 25:15
  Speaker 5: plan together, then you have to figure out how you're
• 25:17
  Speaker 5: actually going to take down the project and how you're
• 25:19
  Speaker 5: going to start the project. So my number one go
• 25:23
  Speaker 5: to is what's been working for me in Houston is
• 25:25
  Speaker 5: seller financing. If I would have waited in twenty thirteen
• 25:29
  Speaker 5: for a bank to tell me that I was bankable
• 25:32
  Speaker 5: to buy a whole block, and I was waiting for
• 25:36
  Speaker 5: a bank to tell me that a block in the
• 25:38
  Speaker 5: hood was worth a certain amount of money when there
• 25:41
  Speaker 5: was no recent sales and it was full of crime
• 25:44
  Speaker 5: and drug infestation, you know, I would have never got
• 25:46
  Speaker 5: that project off the ground. So but what happens when
• 25:49
  Speaker 5: you go to somebody that owns the property outright, Okay,
• 25:52
  Speaker 5: that means it's probably been in their family longer than
• 25:54
  Speaker 5: thirty years, or maybe passed down from generation to generation,
• 25:58
  Speaker 5: and they have the right, the free and clear right
• 26:02
  Speaker 5: to do whatever they want the property. You can negotiate
• 26:04
  Speaker 5: with them. And so for one of my properties, I'm
• 26:07
  Speaker 5: gonna show you in a case study. One of them,
• 26:09
  Speaker 5: I negotiate ten percent down to buy a whole block.
• 26:11
  Speaker 5: The second one I had to come to the table
• 26:13
  Speaker 5: with fifty percent of the agreed upon purchase price. But
• 26:15
  Speaker 5: then you make payments to them instead of making payments
• 26:18
  Speaker 5: to a bank, and they're not gonna check your credit score,
• 26:21
  Speaker 5: they're not going to do a background check, they're not
• 26:23
  Speaker 5: going to ask you about other things. Because when sellers
• 26:26
  Speaker 5: finance something directly to you, they know that if you default,
• 26:29
  Speaker 5: they can just take the property back and they can
• 26:30
  Speaker 5: start the process over do the same thing again. Right,
• 26:33
  Speaker 5: So that's a trick. Well that's not really a trick,
• 26:35
  Speaker 5: but that's a technique that we need to implement more
• 26:37
  Speaker 5: often when we're trying to get in our communities and
• 26:39
  Speaker 5: do these things. So something else. If they don't agree
• 26:42
  Speaker 5: to that, or if they do agree to that, but
• 26:44
  Speaker 5: you don't have enough money for the down payment, start
• 26:46
  Speaker 5: off with a small group of investors. Maybe I would
• 26:49
  Speaker 5: always suggest you have somebody on your team that's experienced
• 26:52
  Speaker 5: with investing, and you know, have them come on the
• 26:56
  Speaker 5: team and help you through the process. How I highly
• 27:01
  Speaker 5: suggest you don't do it if you're all newbies and
• 27:04
  Speaker 5: you have nobody on a team, because what may seem
• 27:06
  Speaker 5: like a good deal may not be a good deal.
• 27:08
  Speaker 5: And then third is crowdfunding. Crowdfunding is what I did
• 27:11
  Speaker 5: for one of my projects, but I didn't do a
• 27:13
  Speaker 5: crowdfund until I'd been in real estate investing for almost
• 27:16
  Speaker 5: thirteen years. Okay, so a lot of people ask about it.
• 27:19
  Speaker 5: But when you take other people's money, you know, and
• 27:22
  Speaker 5: you and you were trying to complete a project, all
• 27:25
  Speaker 5: those bullet points before that got to be spot on
• 27:27
  Speaker 5: because people are not giving you donations, they are giving
• 27:30
  Speaker 5: you money, and they are expecting their money back and
• 27:33
  Speaker 5: they're respecting a profit on top of that. So you know,
• 27:37
  Speaker 5: you got to be really careful when you get in
• 27:39
  Speaker 5: that round. And most importantly of all these things is
• 27:42
  Speaker 5: the right team. You can have the right plan, you
• 27:45
  Speaker 5: can have all every every box checked, but if you
• 27:48
  Speaker 5: don't have the right team to execute on buying back
• 27:50
  Speaker 5: the block, it would be very hard for you to
• 27:53
  Speaker 5: be successful. Now, the most important key is that we
• 27:58
  Speaker 5: all have to participate. And this is what I mean
• 28:00
  Speaker 5: by that the investors need to be participating this. Okay,
• 28:03
  Speaker 5: we need to be actively looking to buy in our communities. Okay,
• 28:07
  Speaker 5: if you're a landlord, maybe you don't want to actually
• 28:10
  Speaker 5: live in the community, but you have rental properties, you
• 28:13
  Speaker 5: should be trying to control rental properties in these same neighborhoods.
• 28:17
  Speaker 5: And you can maybe maybe one investor has bought the
• 28:20
  Speaker 5: block and renovated the block, and now they're selling the
• 28:23
  Speaker 5: homes to other people. Well, you as an investor should
• 28:26
  Speaker 5: come in and buy some of the properties from that
• 28:28
  Speaker 5: developer so that the ownership transfers from us to us. Right.
• 28:32
  Speaker 5: And then you, as someone who looks like the community,
• 28:36
  Speaker 5: should be looking out for people in the community and
• 28:38
  Speaker 5: have a vested interest in not being a slumlord and
• 28:40
  Speaker 5: taking care of the community. Of course, realtors play an
• 28:43
  Speaker 5: integral part of this. Why because when you have buyers,
• 28:46
  Speaker 5: when you have investors, when you have renters, you should
• 28:49
  Speaker 5: be telling them about all of the investors, landlords, developers, builders,
• 28:53
  Speaker 5: you know in the community and trying to steer them
• 28:57
  Speaker 5: to these neighborhoods. First, once again, I'm not talking about
• 29:01
  Speaker 5: war zones, okay, I'm talking about areas that there's already
• 29:05
  Speaker 5: some sign of revitalization. And lastly, and most importantly, the
• 29:09
  Speaker 5: regular buyers, like for my development that I'm show you
• 29:12
  Speaker 5: in a second, all my buyers look like us, young
• 29:15
  Speaker 5: working professionals. It's not as bad. It's not the hood
• 29:20
  Speaker 5: that sometimes people say it is. You have to be
• 29:23
  Speaker 5: very aware of what outside narratives are versus what's really there. So,
• 29:27
  Speaker 5: as a buyer, if you're in a community and some
• 29:30
  Speaker 5: of those other signs have already talked about are happening,
• 29:32
  Speaker 5: if you see redevelopments starting, if you see a lot
• 29:35
  Speaker 5: of activity in the community, if you see the city
• 29:37
  Speaker 5: putting things in, guess what city's already got that neighborhood
• 29:41
  Speaker 5: on their radar, even though it may not be perfect yet,
• 29:43
  Speaker 5: it's coming. And usually what happens is we go to
• 29:47
  Speaker 5: the community one day and it's the hood, and we
• 29:49
  Speaker 5: go back a year later and it's a million dollar
• 29:51
  Speaker 5: homes and we're like, what happened and we're mad it's gentrification.
• 29:53
  Speaker 5: It's like, no, what really happened was from the time
• 29:56
  Speaker 5: you left other people saw value in that community and
• 29:59
  Speaker 5: they start buying. And not everybody's buying rental properties. People
• 30:02
  Speaker 5: are really moving in that community. They're walking their dogs,
• 30:05
  Speaker 5: they're riding their bikes, and their values are steadily going up,
• 30:09
  Speaker 5: steadily going up. And then by the time we get
• 30:12
  Speaker 5: wind of what's going on in the community, the prices
• 30:14
  Speaker 5: so higo, we can't afford it, right, So that's usually
• 30:17
  Speaker 5: what happens. So shut I know I'm talking a lot man.
• 30:22
  Speaker 2: That I'm actually taking notes.
• 30:28
  Speaker 3: Yeah, I hope everybody on YouTube please hit the like button,
• 30:31
  Speaker 3: and I hope people greatly appreciate this because it's like
• 30:33
  Speaker 3: nobody's doing this, like nobody, And that's the reason why
• 30:35
  Speaker 3: we created Eyo University. Like I said, it's a it's
• 30:38
  Speaker 3: a business school, but do you know you don't learn
• 30:40
  Speaker 3: this stuff in business schools. And this is just the beginning,
• 30:43
  Speaker 3: Like you still got more to talk about. But it's
• 30:45
  Speaker 3: like people talk about by the buy back the block,
• 30:47
  Speaker 3: what does that mean? What does that mean?
• 30:50
  Speaker 6: Right?
• 30:51
  Speaker 3: So this was like, all right, this is this is
• 30:53
  Speaker 3: a step by step blueprint from somebody that has is
• 30:56
  Speaker 3: actually doing it and has actually done it. So now
• 30:59
  Speaker 3: I keep going Chris.
• 31:00
  Speaker 2: Real quick so some of those signs, are there any
• 31:04
  Speaker 2: other type of retail or commercial real estate that we
• 31:08
  Speaker 2: should be looking for for a sign? And I know
• 31:09
  Speaker 2: somebody in the chat said, yo, when you see a Starbucks.
• 31:11
  Speaker 5: Or usually So that's not that we have a misconception about, right.
• 31:16
  Speaker 5: So usually, like we get mad when grocery stores and
• 31:19
  Speaker 5: those types of businesses leave the community, But those businesses
• 31:23
  Speaker 5: have whole departments that before they buy, before they figure
• 31:27
  Speaker 5: out where their location, their site selection team pulls the
• 31:29
  Speaker 5: demographics and they say, what's the average income in this community?
• 31:33
  Speaker 5: Do these people earn enough and do they have enough
• 31:36
  Speaker 5: disposable income to support our business? Right, So, you're not
• 31:40
  Speaker 5: going to see commercial signs going in until almost till
• 31:43
  Speaker 5: it's too late, because all the incomes in that area
• 31:45
  Speaker 5: are already going to be so high and they're going
• 31:48
  Speaker 5: to be buying houses at such high prices, and you know,
• 31:51
  Speaker 5: the prices continue to go up that it becomes priced
• 31:53
  Speaker 5: out for us. So what the way development usually works
• 31:57
  Speaker 5: is the rooftops come first, the house this come first.
• 32:01
  Speaker 5: The new residents with the higher incomes come in first.
• 32:04
  Speaker 5: And the only way you get ahead of that wave
• 32:05
  Speaker 5: is by looking at those signs that I told you earlier.
• 32:07
  Speaker 5: But yeah, it's almost almost like you can.
• 32:09
  Speaker 3: See a Starbucks.
• 32:10
  Speaker 5: It's almost too late.
• 32:11
  Speaker 2: Yeah, they made me thinking, like whole foods don't end
• 32:14
  Speaker 2: up in every neighborhood, you know what I mean.
• 32:15
  Speaker 5: Right, they don't, and people don't speaking the whole foods,
• 32:17
  Speaker 5: people don't realize, like a grocery store has the lowest
• 32:19
  Speaker 5: profit margins of almost any business. It's usually three to
• 32:22
  Speaker 5: five percent. So they're not going to go in the neighborhood.
• 32:24
  Speaker 5: Even if the city gives them all the money to
• 32:26
  Speaker 5: build the facility, they still have to They have to
• 32:28
  Speaker 5: float every month. They got to be operating positive, right,
• 32:31
  Speaker 5: So I mean the grocery store is the highest profitability
• 32:34
  Speaker 5: is on the fresh produce, on the meats, and the
• 32:37
  Speaker 5: stuff on the shelves. It's not really very profitable. So
• 32:41
  Speaker 5: if you're in a community where people are buying everything
• 32:43
  Speaker 5: off the shelf, in the cans and in the boxes,
• 32:45
  Speaker 5: and you got this huge overhead from all these employees,
• 32:48
  Speaker 5: and you got this huge overhead from.
• 32:49
  Speaker 7: This huge lease you got, and you got this high
• 32:52
  Speaker 7: utility bill, you know, it's highly unlikely that you're going
• 32:55
  Speaker 7: to be profitable if you try to go into one
• 32:57
  Speaker 7: of those neighborhoods for the sake of you know, social service, right,
• 33:01
  Speaker 7: I mean they have to run a business at the end.
• 33:03
  Speaker 2: Of the day.
• 33:04
  Speaker 3: Yeah, And YouTube, if you could like this, two things
• 33:08
  Speaker 3: I need from YouTube everybody, Like, we got nine hundred
• 33:10
  Speaker 3: and ninety seven people. There's no reason why we shouldn't
• 33:12
  Speaker 3: have nine hundred and ninety seven likes. If you didn't
• 33:15
  Speaker 3: like it, just politely comment why you why you thought
• 33:19
  Speaker 3: the information wasn't valuable enough to like, it doesn't even
• 33:21
  Speaker 3: cost anything, doesn't even won't even burn a calorie. And
• 33:24
  Speaker 3: then also share it with somebody, just going like this
• 33:27
  Speaker 3: is life changing, generational changing information that you know, giving
• 33:29
  Speaker 3: out right now, like, you know, share it with people,
• 33:31
  Speaker 3: and shout out to mt the mortgage guy, and shout
• 33:34
  Speaker 3: out to Brandon Rules legend himself, and shout out to
• 33:37
  Speaker 3: Andre Hatchett, the first teacher that we ever had for
• 33:39
  Speaker 3: Eyo University. That's my guy man, for sure.
• 33:42
  Speaker 5: And what's the legends in Yeah.
• 33:46
  Speaker 3: For sure for sure. So all right, Chris, And then
• 33:49
  Speaker 3: somebody said on YouTube there was like a fifth warter,
• 33:51
  Speaker 3: isn't the hood hood? Yeah, that's kind of the whole
• 33:53
  Speaker 3: point of what he said. Like you don't want to
• 33:54
  Speaker 3: go into the market slightly dangerous. You don't want to
• 33:58
  Speaker 3: you don't want to invest in a four war zone
• 34:01
  Speaker 3: like slightly dangerous.
• 34:03
  Speaker 5: Yeah, yeah, I mean it's something where the you know,
• 34:07
  Speaker 5: the criminal criminal activity is going down significantly and there's
• 34:11
  Speaker 5: more police patrols coming and all that kind of stuff.
• 34:13
  Speaker 5: You know, you have to be there. So that's the
• 34:17
  Speaker 5: only way you really participated. And I understand the people
• 34:19
  Speaker 5: that have, like young kids are feel uncomfortable in those situations. Yeah,
• 34:22
  Speaker 5: I'm not saying I'm not forcing you too. I'm just
• 34:25
  Speaker 5: saying with my projects, I have buyers that specifically chose
• 34:28
  Speaker 5: to come from the communities and they have had zero issues,
• 34:31
  Speaker 5: Like they have had not a single issue. So you know,
• 34:34
  Speaker 5: it's all about perspective. And we talk about schools and
• 34:36
  Speaker 5: education a lot. Thankfully in a big city like Houston,
• 34:39
  Speaker 5: there's a lot of charter schools, a lot of private schools,
• 34:41
  Speaker 5: so you have alternatives to the public school system until
• 34:44
  Speaker 5: that public school system catches up in that neighborhood. But
• 34:47
  Speaker 5: in the same time, you think about this, if you
• 34:50
  Speaker 5: buy Okay, I'll give you an example. There was a
• 34:53
  Speaker 5: lady that went to the third ward like the hood
• 34:56
  Speaker 5: part of the Third Ward worse than where y'all stayed,
• 34:58
  Speaker 5: but the first house had been renovated. Middle aged white
• 35:02
  Speaker 5: lady was like one of the last people walking out
• 35:04
  Speaker 5: of an open house. And my boy was there, and
• 35:06
  Speaker 5: he said that ninety percent of people that walked through
• 35:09
  Speaker 5: this open house in the hood part of the third
• 35:11
  Speaker 5: were white. So he said that curiosity got the best
• 35:14
  Speaker 5: of him, and he stopped her and asked her. He's like,
• 35:16
  Speaker 5: why are you here and what attracts you to this area?
• 35:19
  Speaker 5: And she's like, oh, I bought my house in the Heights,
• 35:22
  Speaker 5: in which is another neighborhood that's been gentrified for about
• 35:25
  Speaker 5: fifteen sixteen years. She's like, I bought my house in
• 35:26
  Speaker 5: the Heights about fifteen years ago, and the neighborhood looked
• 35:29
  Speaker 5: just like this, and my property value is going up
• 35:31
  Speaker 5: three hundred thousand dollars, so I'm about to sell that
• 35:33
  Speaker 5: house and come over here and do the same thing.
• 35:36
  Speaker 5: And I'm like, well, man, imagine the more of us
• 35:38
  Speaker 5: thought about that. Imagine what the average household income or
• 35:41
  Speaker 5: the average average household networks would be for our community,
• 35:44
  Speaker 5: and imagine how many of our children we could pay
• 35:46
  Speaker 5: to go to college out the equity in our homes.
• 35:48
  Speaker 3: We thought like that, that's a lot of information. That's
• 35:52
  Speaker 3: a that's a gym right there, man, that's a gym
• 35:54
  Speaker 3: right there.
• 35:54
  Speaker 2: We got to get to Houston.
• 35:55
  Speaker 3: Man, I can't wait to come back to here.
• 35:58
  Speaker 2: Mister Dunlop, all right, I'm.
• 36:04
  Speaker 5: Gonna run through the case studies real quick. So let's
• 36:07
  Speaker 5: talk about fifth Ward. People talking about not the hoods,
• 36:10
  Speaker 5: So let's go through it. So settling the middle eighteen hundreds,
• 36:13
  Speaker 5: believe it or not, Middle eighteen hundreds to nineteen hundred,
• 36:17
  Speaker 5: it was actually half It was mixed, uh white and black.
• 36:21
  Speaker 5: It was annexed to the city eighteen sixty six. By
• 36:23
  Speaker 5: nineteen hundred, it's a predominantly black neighborhood with thriving businesses.
• 36:28
  Speaker 5: And don't believe it, let me show you. This is
• 36:30
  Speaker 5: Lions Avenue. This is the same street that one of
• 36:32
  Speaker 5: my projects was on. This this is from the fifties.
• 36:35
  Speaker 5: On Lions Avenue. You see all types of businesses all
• 36:38
  Speaker 5: up and down the street, and you see who's walking
• 36:40
  Speaker 5: up and down the street. This was a segregated neighborhood
• 36:42
  Speaker 5: at that point in time. Okay, this is the other
• 36:44
  Speaker 5: way down the same street. I mean, I see tailors,
• 36:47
  Speaker 5: I see movie theaters, I see pawn shops, you know,
• 36:50
  Speaker 5: I see restaurants. Everything's in the community, right. But then
• 36:54
  Speaker 5: in the nineteen sixties, when desegregation happened, two major freeways
• 36:57
  Speaker 5: came through the community. Of course, all these negative packs
• 37:00
  Speaker 5: caused a lot of disinvestment, and then some of the
• 37:03
  Speaker 5: redlining impacts also hurt the community, and by the nineteen
• 37:06
  Speaker 5: seventies there was a mass exodus of the majority of
• 37:08
  Speaker 5: successful people. The business owners had a lot of them
• 37:11
  Speaker 5: had closed up shops because the patronage had gone down,
• 37:13
  Speaker 5: the customers had moved out, and so the communities no
• 37:16
  Speaker 5: longer thrived. But what that did is that that opened
• 37:20
  Speaker 5: up opportunity for other people to come into the community. However,
• 37:22
  Speaker 5: these are some of the other highlights, like the picture
• 37:25
  Speaker 5: at the bottom on the writers the first black hospital
• 37:28
  Speaker 5: built in Fifth Ward, actually in Houston, that had we had,
• 37:33
  Speaker 5: you know, recording studios. I mean, you know, these neighborhoods
• 37:36
  Speaker 5: were thriving. So that that's the part that I want
• 37:39
  Speaker 5: people to remember when we think about these neighborhoods. They
• 37:42
  Speaker 5: used to be great. That if we had a black
• 37:44
  Speaker 5: Wall Street in every city because we had to create
• 37:46
  Speaker 5: our own. We couldn't we couldn't patronize other other neighborhoods.
• 37:51
  Speaker 5: So this is the freeway that kind of came through.
• 37:53
  Speaker 5: This is the same street in the same vicinity, like
• 37:55
  Speaker 5: one block off. But you see now the only thing
• 37:58
  Speaker 5: that's left. Thankfully, the churches are still there, but the
• 38:00
  Speaker 5: neighborhood is a lot less activity going on, a lot.
• 38:05
  Speaker 5: A lot of the buildings are going now. So this
• 38:08
  Speaker 5: is the property that I bought, which is in fifth Ward.
• 38:11
  Speaker 5: That's the same freeway that you see in the back
• 38:13
  Speaker 5: on the left side, Highway fifty nine. So in twenty fourteen,
• 38:17
  Speaker 5: I did what I was telling everybody to early. I
• 38:18
  Speaker 5: was watching the city trend. I was watching the redevelopment
• 38:20
  Speaker 5: and it was going counterclockwise around downtown. And this was
• 38:23
  Speaker 5: the last neighborhood that had not been touched by redevelopment
• 38:27
  Speaker 5: or gentrification. So I was able to negotiate with this
• 38:31
  Speaker 5: owner to buy this entire block for half a million
• 38:36
  Speaker 5: dollars and negotiate ten percent down. Okay, so I actually
• 38:40
  Speaker 5: sold a couple of rental properties. I had an investor
• 38:41
  Speaker 5: put in a little bit, and I took control of
• 38:44
  Speaker 5: this property. Everybody thought I was crazy. This was still
• 38:47
  Speaker 5: the bloody nickel at that point in time, But I knew.
• 38:50
  Speaker 5: I knew just by watching the redevelopment trending, eventually it
• 38:53
  Speaker 5: was going to come because this was like literally the
• 38:55
  Speaker 5: last quadrant around downtown that had not been redeveloped. Okay,
• 38:59
  Speaker 5: so I actually paid over market value. Here's why there
• 39:02
  Speaker 5: were no sales. There was no comps. So if you
• 39:05
  Speaker 5: look at the tax records, that's the all thing you
• 39:07
  Speaker 5: can go off of. It had the whole property worth
• 39:09
  Speaker 5: about three hundred and fifty thousand. But what I knew
• 39:13
  Speaker 5: taking a calculated risk by watching the redevelopment. It's like, well,
• 39:17
  Speaker 5: if I'm not paying cash for it, and I'm only
• 39:19
  Speaker 5: giving him fifty thousand right now, and I'm financing it
• 39:23
  Speaker 5: for twenty thirty years, it's highly likely that by the
• 39:26
  Speaker 5: time I get even close to paying this off, the
• 39:29
  Speaker 5: value will have caught up and exceeded it. So what
• 39:32
  Speaker 5: that does is it almost put you in a position
• 39:34
  Speaker 5: where you're like kind of partnering with the owners. You know,
• 39:36
  Speaker 5: you're telling them you're gonna give him a little bit
• 39:38
  Speaker 5: more over time than what the property is currently worth.
• 39:40
  Speaker 5: But you have everything calculated, and you know that by
• 39:43
  Speaker 5: the time you make whatever move you're gonna make, the
• 39:45
  Speaker 5: value will have caught up and you will have equity
• 39:47
  Speaker 5: on the back end. So okay, So I talked about
• 39:53
  Speaker 5: this already, So twenty fourteen's when I bought it. Twenty
• 39:57
  Speaker 5: sixteen the bet paid off sixt This is the south
• 40:00
  Speaker 5: end of Fifth Ward. One of the biggest developers in
• 40:03
  Speaker 5: Houston bought one hundred and thirty six acres that used
• 40:06
  Speaker 5: to be KBR used to be the National Defense contractor,
• 40:09
  Speaker 5: right next to downtown, right on the water and what
• 40:11
  Speaker 5: we considered the hood. But of course they always find
• 40:14
  Speaker 5: value when you know, when we don't find value, and
• 40:17
  Speaker 5: they put this big plan together, do this massive project,
• 40:20
  Speaker 5: and so that was the first catalyst in the community.
• 40:24
  Speaker 5: So this again is this is the project site that
• 40:27
  Speaker 5: they got. You see where downtown is and the stars
• 40:31
  Speaker 5: where both of my projects are. So one of my
• 40:32
  Speaker 5: projects is right here, the new construction townhome project where
• 40:36
  Speaker 5: the grocery store is is right there. Now that's one
• 40:38
  Speaker 5: mile radius. This one is like a little bit more
• 40:42
  Speaker 5: than three quarters of a mile radius.
• 40:44
  Speaker 2: What other project is?
• 40:45
  Speaker 5: Okay, this is what's going to be built on that site.
• 40:49
  Speaker 5: This is not speculation, this is what's going to be there. Okay,
• 40:53
  Speaker 5: they've already they've already cleared all of the old buildings,
• 40:55
  Speaker 5: they've already done all the underground different structure, they've run
• 40:58
  Speaker 5: all the utilities. They did slow down a little bit
• 41:00
  Speaker 5: because of COVID and some of the lumber prices and
• 41:03
  Speaker 5: stuff going up, but the CEO said they're still moving
• 41:05
  Speaker 5: forward with the project. So after that happened in twenty sixteen,
• 41:09
  Speaker 5: here's another creative technique you can use. I talked the
• 41:12
  Speaker 5: owner into converting from a owner finance note, which is
• 41:18
  Speaker 5: like a mortgage note, to partnering with me. So what
• 41:22
  Speaker 5: I said was, look, I still owe you like three
• 41:24
  Speaker 5: hundred thousand. You can wait next twenty years to get it,
• 41:29
  Speaker 5: or you can partner with me on this project and
• 41:32
  Speaker 5: let me figure out how I can do some new construction,
• 41:34
  Speaker 5: and then I can pay you out as I sell
• 41:36
  Speaker 5: these houses on the back end, and you can be
• 41:38
  Speaker 5: paid off in three or four years instead of waiting
• 41:40
  Speaker 5: thirty years. Okay, So he agreed. So what did that do?
• 41:43
  Speaker 5: That took the mortgage off of the property. So now
• 41:47
  Speaker 5: I am the primary the primary partner. He's a limited partner,
• 41:52
  Speaker 5: and I have this property. I can now go to
• 41:54
  Speaker 5: the bank and say it's free and clear. I don't
• 41:56
  Speaker 5: have any debt on it.
• 41:59
  Speaker 2: Right.
• 42:00
  Speaker 5: I used the property as collateral as I started shopping
• 42:03
  Speaker 5: to get the loans to do the redevelopment. But the downside,
• 42:07
  Speaker 5: of course, what I talked about earlier, I had to
• 42:08
  Speaker 5: go through twenty three different lenders before I got approved.
• 42:11
  Speaker 5: No matter how great my plan was, there was no
• 42:13
  Speaker 5: established marketability in this neighborhood because there was no new construction.
• 42:19
  Speaker 5: Even though the redevelopment was that close, it was really
• 42:22
  Speaker 5: hard for me to find a lender that would that
• 42:24
  Speaker 5: would partner with me on the project. So you know,
• 42:27
  Speaker 5: I had a private investor come in and put in
• 42:30
  Speaker 5: an IRA money two hundred and fifty thousand. She she's
• 42:35
  Speaker 5: a young black check that worked for oil and gas company,
• 42:40
  Speaker 5: worked for Shell for a while. She had a nice
• 42:42
  Speaker 5: IRA that she was that she wasn't using. It was
• 42:45
  Speaker 5: sitting in the stock market, and you know, I showed
• 42:47
  Speaker 5: her division she believed in it, and she's like, okay, cool.
• 42:50
  Speaker 5: I didn't take her money and spend it. I took
• 42:52
  Speaker 5: it and put it in a bank account to show interest.
• 42:54
  Speaker 5: Reserves to hope hopefully would try to sweeten the deal
• 42:56
  Speaker 5: with the lender, Chris, not to cut you off, But yeah,
• 43:00
  Speaker 5: we did.
• 43:00
  Speaker 3: We did a class on self directed iras too University,
• 43:04
  Speaker 3: and I'm not sure if that's the path you went,
• 43:06
  Speaker 3: but a lot of people don't even realize that you
• 43:07
  Speaker 3: could actually use your retirement accounts like an IRA to
• 43:11
  Speaker 3: invest in real estate without paying taxes. So I just
• 43:13
  Speaker 3: wanted to throw that in this and.
• 43:15
  Speaker 5: That's exactly right. When you have a self directed IRA,
• 43:17
  Speaker 5: you can invest in any asset that you choose, and
• 43:20
  Speaker 5: it's literally self directed. You just have a company that's
• 43:24
  Speaker 5: basically a custodian for you to help you check boxes.
• 43:26
  Speaker 5: But yeah, you can. You can invest it however you want.
• 43:29
  Speaker 5: So that's something that you can leverage in real estate. So,
• 43:34
  Speaker 5: like I said, there's challenges with no new construction. Also,
• 43:37
  Speaker 5: when I got ready to start the project, what I
• 43:38
  Speaker 5: realized is, like a lot of these older neighborhoods, there's
• 43:41
  Speaker 5: a lack of utility infrastructure. So this old grocery store
• 43:44
  Speaker 5: didn't have much plumbing, you know, it wasn't drawing much electricity.
• 43:48
  Speaker 5: And when I got ready to do my new project,
• 43:49
  Speaker 5: I realized that the city was going to require me
• 43:52
  Speaker 5: to update a lot of this infrastructure. So that's something
• 43:54
  Speaker 5: that you got to think about if you're planning on
• 43:55
  Speaker 5: doing projects on this scale. Something that you usually don't
• 43:59
  Speaker 5: think about when you just flip in a house or
• 44:00
  Speaker 5: building one or two houses on a lot, because usually
• 44:05
  Speaker 5: that what you're building will not impact the infrastructure greatly.
• 44:09
  Speaker 5: But when you're trying to do a bigger project, you
• 44:11
  Speaker 5: do have to consider those things. So this talks about
• 44:15
  Speaker 5: more twenty seventeen, now redevelopment. Remember that first neighborhood, I
• 44:18
  Speaker 5: told you all about the Heights. Now see twenty seventeen.
• 44:22
  Speaker 5: Three years later it's in the newspaper they calling Fifth
• 44:25
  Speaker 5: or the New Heights.
• 44:29
  Speaker 3: That's how it happens. Once they start renaming neighborhoods once
• 44:31
  Speaker 3: I've seen Sobro. Yeah, so Bro, you know what Sobro is. No,
• 44:36
  Speaker 3: it was that South Bronx South bron Yeah, that was
• 44:40
  Speaker 3: one of the most dangerous neighborhoods, one of the most
• 44:42
  Speaker 3: poorest neighborhoods in America, one of the most dangerous neighborhoods
• 44:45
  Speaker 3: in America. It's still not the greatest, but when they
• 44:49
  Speaker 3: started naming it Sobro and they put like a whole
• 44:52
  Speaker 3: foods and.
• 44:52
  Speaker 5: All of that, and it's like, all right, yep, and
• 44:55
  Speaker 5: we don't say that because the official name for that
• 44:58
  Speaker 5: for that south in the fifth one now they called
• 44:59
  Speaker 5: it North Eto, which is east of downtown.
• 45:02
  Speaker 3: Yeah. That's another that's another thing too, once you start
• 45:05
  Speaker 3: to see names, because it's like even know how I
• 45:08
  Speaker 3: think it was no North Manhattan no no.
• 45:13
  Speaker 2: No no, that was Houston.
• 45:16
  Speaker 3: No no, no, they had it. They try to rename
• 45:19
  Speaker 3: Harlem something like North Manhattan no. Yeah. And so once
• 45:26
  Speaker 3: they start to get funny with those names like so
• 45:29
  Speaker 3: Bro no ho, that's like the hipsters. They trying to
• 45:31
  Speaker 3: they try to rebrand it.
• 45:33
  Speaker 5: They trying to rebrand the community. Those are part of
• 45:36
  Speaker 5: you were talking about as a stigma, that the old
• 45:38
  Speaker 5: name has a stigma, so they want to try to,
• 45:39
  Speaker 5: like you said, rebranded.
• 45:40
  Speaker 2: Yeah. So that that's part of the announcement. So when
• 45:42
  Speaker 2: you were talking about announcements, when you start seeing things
• 45:44
  Speaker 2: like that, I saw somewhere and you can correct me
• 45:47
  Speaker 2: if if I'm wrong, but they named the Fifth World
• 45:50
  Speaker 2: they have a cultural arts district.
• 45:52
  Speaker 5: Yes, yes, Now now thankfully with this with this time,
• 45:55
  Speaker 5: it was us doing that. So the fifth World Redevelopment
• 45:58
  Speaker 5: Corporation did that Culture Arts District, and it's it's gonna
• 46:00
  Speaker 5: be You're right, it's going to be the first African
• 46:02
  Speaker 5: American culture Arts district in Houston.
• 46:04
  Speaker 2: Perfect.
• 46:04
  Speaker 5: Perfect, yeah, man, So that's what I'm saying. This neighborhood,
• 46:08
  Speaker 5: they've been staying ahead of you know, not not playing
• 46:11
  Speaker 5: victim and being behind. They've been in front of the ball.
• 46:13
  Speaker 5: So it's been really good. So this goes back to
• 46:16
  Speaker 5: this is the CEO recently in August, you know, amidst covid,
• 46:20
  Speaker 5: just saying that the project is still going forward. Right,
• 46:22
  Speaker 5: So this is that same block. This is the same
• 46:25
  Speaker 5: block that showed you earlier. That's what it looks like.
• 46:29
  Speaker 3: Now you're not sure that that's your blocks?
• 46:31
  Speaker 2: That's your block, man?
• 46:33
  Speaker 3: Now you pulled up on that. Yeah yeah, man, put
• 46:36
  Speaker 3: put that, put the clap in the mode. I just
• 46:38
  Speaker 3: wanted to know, you gotta celebrate that, man, because yeah,
• 46:40
  Speaker 3: I wish we could do a side by side. But
• 46:42
  Speaker 3: that block that he brought earlier, Yeah, let me.
• 46:45
  Speaker 5: Go back to it.
• 46:45
  Speaker 3: Yeah, can you go back to that? Yeah? So that
• 46:48
  Speaker 3: block you brought, that block and then how many years later, uh.
• 46:52
  Speaker 5: So twenty fourteen, and then two thousand, nineteen twenty eighteen
• 46:56
  Speaker 5: when when I first started building them, So twenty nineteen
• 46:59
  Speaker 5: they were the first three were done. I think that's
• 47:01
  Speaker 5: when I was on y'all show last year, and you know,
• 47:04
  Speaker 5: people told me that they were like, man, nobody's gonna
• 47:06
  Speaker 5: buy that. You know, nobody's gonna want to live in
• 47:08
  Speaker 5: the neighborhood. You know you're not gonna be able to
• 47:10
  Speaker 5: get the prices that you're thinking you're gonna get for them.
• 47:12
  Speaker 5: And I mean, I proved everybody wrong. I got I
• 47:16
  Speaker 5: got full asking price. All the buyers looked like me, everybody.
• 47:19
  Speaker 5: I didn't have to oversell anybody. There's enough of us
• 47:22
  Speaker 5: that see the value of moving back to our communities
• 47:25
  Speaker 5: that you know it's worth it. It's worth it's worth
• 47:28
  Speaker 5: taking a shot, it's worth of rebuilding and bringing people
• 47:31
  Speaker 5: back to the community.
• 47:32
  Speaker 2: Man.
• 47:32
  Speaker 5: One of one of the most powerful experiences I had
• 47:36
  Speaker 5: was when I was under construction. It's two two black
• 47:39
  Speaker 5: kids walked down the street, two boys, they were like
• 47:41
  Speaker 5: maybe thirteen fourteen something like that, and they were like, man,
• 47:44
  Speaker 5: you're building rent houses And I'm like no. He's like
• 47:48
  Speaker 5: he's like, you work for the person that's building these.
• 47:51
  Speaker 5: I'm like, no, I'm building them. He was like okay,
• 47:53
  Speaker 5: he's like, who's gonna buy these? I was like, well,
• 47:56
  Speaker 5: who you think is gonna buymb He's like, well, it
• 47:58
  Speaker 5: looked like it looked like white people are gonna buy them.
• 48:01
  Speaker 5: And I was like, man, you know, you know, well
• 48:03
  Speaker 5: you'll be surprised, you man, I know there's people that
• 48:04
  Speaker 5: look like you that can also afford these types of things.
• 48:07
  Speaker 5: And I was like, I had two of them under
• 48:08
  Speaker 5: contract that I was like, so, actually the first two
• 48:10
  Speaker 5: buyers are people that come from a neighborhood just like
• 48:12
  Speaker 5: you and went to college, and you know, they have
• 48:14
  Speaker 5: good jobs now and now they're coming back and buying this.
• 48:17
  Speaker 5: And they were like, man, we didn't know that was possible.
• 48:21
  Speaker 5: But you know, that sounds it sounds kind of cliche,
• 48:24
  Speaker 5: But there's kids in that community that now have a
• 48:26
  Speaker 5: positive representation. They can see people that look like them,
• 48:30
  Speaker 5: that's our age pulling out their driveways and Porsches and
• 48:34
  Speaker 5: Audi's and BMW's. It looked like them. That's a representation
• 48:37
  Speaker 5: they didn't have before. The only representation they had of
• 48:40
  Speaker 5: successful people was illegal entrepreneurs. You know, but that's all
• 48:44
  Speaker 5: a part of buying the block. Man, It's not just
• 48:46
  Speaker 5: about you buying and you being an investor and just
• 48:48
  Speaker 5: holding onto it. It's about creating opportunities like this as
• 48:51
  Speaker 5: being in a development and building and enticing other people
• 48:55
  Speaker 5: to come back to the community.
• 48:57
  Speaker 3: So that's amazing.
• 48:59
  Speaker 5: Yeah, So fast forward. This is fifth Ward. Now you
• 49:02
  Speaker 5: see all these prices over here, right for four hundred
• 49:05
  Speaker 5: thousand dollars. Now, when I bought that first block, you
• 49:08
  Speaker 5: couldn't you couldn't sell a lot for twenty thousand dollars.
• 49:10
  Speaker 5: It would just sit. But now you have all this activity,
• 49:14
  Speaker 5: the yellow ones appending the green, the new listings, and
• 49:16
  Speaker 5: there's a bunch of souls that are in the community.
• 49:19
  Speaker 5: But four hundred thousand dollars, you know. And so this
• 49:25
  Speaker 5: is one of one of the articles that they put
• 49:27
  Speaker 5: me in the paper for just talking about my projects.
• 49:29
  Speaker 5: This is not talking about the second project. So let's
• 49:32
  Speaker 5: go back to the highway story. So this block right
• 49:35
  Speaker 5: here is the second product. This is the eighteen houses
• 49:38
  Speaker 5: I was talking about with the two commercial buildings. This
• 49:40
  Speaker 5: is that same freeway once again, an infamous freeway. So
• 49:44
  Speaker 5: you know, we can continue to talk about these things
• 49:46
  Speaker 5: and complain about them, or we can say, okay, we
• 49:48
  Speaker 5: know this is there, we know this happened. Now what
• 49:50
  Speaker 5: are we going to do about it? Right, it's our
• 49:53
  Speaker 5: responsibility to fix the problem. So the owners of this,
• 49:57
  Speaker 5: the landlords, they had had this for about twenty years
• 50:00
  Speaker 5: and they were ready to retire. So not all landlords
• 50:04
  Speaker 5: passed property down. That's another myth. Real estate is not
• 50:07
  Speaker 5: generational wealth unless you have taught your kids how to
• 50:11
  Speaker 5: do systems and they see that it's worthwhile for them
• 50:14
  Speaker 5: to take over that same investment, that same vehicle. In
• 50:17
  Speaker 5: this case, the kids did not want to take over it,
• 50:20
  Speaker 5: so the parents were told that they should sell it. Okay. So,
• 50:25
  Speaker 5: and what would have happened if I didn't buy it,
• 50:27
  Speaker 5: Because all that redevelopment, by the way, all those new
• 50:29
  Speaker 5: town homes, if you see my cursor up in the
• 50:31
  Speaker 5: left corner, that's right there, that's all new construction right there.
• 50:35
  Speaker 5: So had I not bought it, an investor outside the
• 50:37
  Speaker 5: community would have bought it, and they would done a
• 50:39
  Speaker 5: couple of things. They would have came in and you know,
• 50:41
  Speaker 5: did the deep renovations, you know, and then raised the rents.
• 50:45
  Speaker 5: And if tenants can't afford it, oh well, or they
• 50:48
  Speaker 5: would have held it for a little while decided to
• 50:49
  Speaker 5: tear it down and build some new construction here. But
• 50:51
  Speaker 5: for me, this was an opportunity to say, Okay, on
• 50:54
  Speaker 5: that other block, I bought that old abandoned grocery store
• 50:56
  Speaker 5: in that site, I brought new construction in. Now I
• 50:58
  Speaker 5: can show the other side of it in the block.
• 51:01
  Speaker 5: We can buy the block and make sure we preserve
• 51:04
  Speaker 5: the lifestyles and the sense of normalcy that the residents
• 51:07
  Speaker 5: have that have been here long term. So the way
• 51:10
  Speaker 5: you can do a project like this, it is so
• 51:12
  Speaker 5: close to redevelopment, it's so close to the catalyst that
• 51:14
  Speaker 5: I talked about earlier, is that you can get your
• 51:17
  Speaker 5: return on your investment through value appreciation. Okay, because this
• 51:20
  Speaker 5: property value is going to go up significantly, so you
• 51:23
  Speaker 5: don't have to worry so much about cash flow solely
• 51:27
  Speaker 5: where you have to raise the rents astronomically to get
• 51:28
  Speaker 5: the return. This property value is going to double or triple,
• 51:33
  Speaker 5: but you know, conservative conservatively, I'm saying it's going to
• 51:36
  Speaker 5: go up thirty to forty percent. But every other neighborhood
• 51:38
  Speaker 5: that's been gentrified, lots that will worth two fifty. I mean,
• 51:41
  Speaker 5: we're worth twenty five thousand, and now we're two hundred
• 51:43
  Speaker 5: fifty thousand. So for this one, this is the one
• 51:47
  Speaker 5: I actually got to do the crowdfund on. So what
• 51:49
  Speaker 5: I did with the crowdfund, I'll go back to this flab.
• 51:52
  Speaker 5: The crowdfund is once I negotiated with the sellers to
• 51:57
  Speaker 5: the purchase price. They wanted one point five million for
• 51:59
  Speaker 5: the whole block. I negotiated them down to one point
• 52:02
  Speaker 5: two five So I negotiate them down a quarter of
• 52:05
  Speaker 5: a million. And you know what happened was, since they
• 52:09
  Speaker 5: were sellers and you know, they really didn't have accounting
• 52:12
  Speaker 5: and all that kind of stuff, I told them, you know,
• 52:14
  Speaker 5: even if you wanted to, if you wanted me to
• 52:17
  Speaker 5: pay one point five for it, I couldn't go to
• 52:19
  Speaker 5: a bank and get a one point five million dollar
• 52:21
  Speaker 5: valuation because you don't, you know, there's no accounting records
• 52:24
  Speaker 5: to show where the true revenue is for the property.
• 52:26
  Speaker 5: There's not a lot of sales in the community. So
• 52:29
  Speaker 5: you know what I would like to do is get
• 52:31
  Speaker 5: you to, you know, come down a little bit off
• 52:34
  Speaker 5: of that price and work with me over a few years.
• 52:36
  Speaker 5: Let me establish the accounting records. Let me establish all
• 52:38
  Speaker 5: these things, and then I can go back and refinance.
• 52:41
  Speaker 5: And then once the bank sees the you know, the records,
• 52:45
  Speaker 5: they can extract a true value for that entire block,
• 52:49
  Speaker 5: and it'll be much easier for me to get them
• 52:51
  Speaker 5: to give me six hundred and fifty thousand, which is
• 52:53
  Speaker 5: half of the purchase price, then it would be for
• 52:56
  Speaker 5: me to go and ask them for one point five
• 52:58
  Speaker 5: million right now. And so that's the kind of conversations
• 53:00
  Speaker 5: you have to have with sellers sometimes if you want
• 53:02
  Speaker 5: to get creative, and they bought in, you know, so
• 53:05
  Speaker 5: they owner finances, they wouldn't take ten percent, they wouldn't
• 53:08
  Speaker 5: take twenty percent down so they wanted something significant, so
• 53:12
  Speaker 5: fifty percent. So what I did with that was, first
• 53:16
  Speaker 5: I secured a private investor that I knew that could
• 53:18
  Speaker 5: back me on bringing the majority of that down payment
• 53:23
  Speaker 5: to closing if I couldn't raise it. But once I
• 53:26
  Speaker 5: secured that this is the opportunity that I decided it
• 53:29
  Speaker 5: was okay to do a crowdfund with. Because the crowdfund,
• 53:32
  Speaker 5: like I talked about earlier, it requires you to have
• 53:36
  Speaker 5: all your your i's dotted and your tea's crossed because
• 53:40
  Speaker 5: you're going to take outside people's money. And so with this,
• 53:43
  Speaker 5: some of these residents in these houses have been living
• 53:45
  Speaker 5: there for twenty years. Literally. There's there's mother daughters that
• 53:49
  Speaker 5: live in separate houses on the property. There's niece and
• 53:52
  Speaker 5: uncle that lived next door to each other. And you know,
• 53:54
  Speaker 5: these are long term stable tenants, all all African American,
• 54:00
  Speaker 5: some of them most of them actually all of them hardworking.
• 54:05
  Speaker 5: I don't have there's no there's really no Section eight
• 54:06
  Speaker 5: tens here. These are people that are just hardworking but
• 54:09
  Speaker 5: on fixed incomes. Right, So for that, that made a
• 54:14
  Speaker 5: good base case for me. It's like, Okay, there's long
• 54:16
  Speaker 5: term stable revenue coming from the residential side of this property.
• 54:20
  Speaker 5: These two commercial buildings over here were vacant, so that
• 54:23
  Speaker 5: gives me upside, right, so I can buy it. No,
• 54:26
  Speaker 5: I'm gonna have all this revenue, which is about nine thousand,
• 54:29
  Speaker 5: almost ten thousand dollars a month coming from here, and
• 54:31
  Speaker 5: then I can go in and renovate these two and
• 54:34
  Speaker 5: bring in another seven eight thousand dollars a month in
• 54:35
  Speaker 5: revenue on the commercial side. So that's what I did.
• 54:38
  Speaker 5: So that's how I decided to package it up and
• 54:41
  Speaker 5: I decided to do the crowdfund, and you know, I
• 54:45
  Speaker 5: didn't know how successful the crowdfund was going to be,
• 54:47
  Speaker 5: but it ended up being extremely successful. The most you
• 54:50
  Speaker 5: can raise with this type of crowdfund and it's sec regulated,
• 54:54
  Speaker 5: is a million and seventy thousand, and it took me
• 54:57
  Speaker 5: seven months and we that we hit that goal. So
• 54:59
  Speaker 5: that gave us an enough money to go in and
• 55:01
  Speaker 5: renovate everything and pay off the short term debt with
• 55:08
  Speaker 5: the bridge loan because I did have the close on
• 55:09
  Speaker 5: it in March, which was before I had raised the
• 55:11
  Speaker 5: full six hundred thousand, so I ended up using some
• 55:14
  Speaker 5: of the private investors' money, but not all of it.
• 55:17
  Speaker 5: So this is what the properties looked like before. Again,
• 55:19
  Speaker 5: attendants had been there long term. They were happy with it.
• 55:21
  Speaker 5: So what I did was I just to reinforce that
• 55:23
  Speaker 5: we were there to protect them and you know, we
• 55:26
  Speaker 5: were going to be good landlords. I went and I
• 55:29
  Speaker 5: did some slight renovations to the property just to make
• 55:31
  Speaker 5: them feel better. So this is what it looks like now.
• 55:32
  Speaker 5: I came in, I did landscaping, I put screens on
• 55:35
  Speaker 5: everybody's windows to help with their utility bills, and repainted
• 55:39
  Speaker 5: everything just made it look nice and neat, and you
• 55:42
  Speaker 5: can see the bottom picture actually repaved everything to give
• 55:44
  Speaker 5: it a fresh new look. This is the status of
• 55:47
  Speaker 5: one of the commercial buildings. So this is going to
• 55:49
  Speaker 5: be short term pier space. So this is what looked
• 55:51
  Speaker 5: like before. It looked like it was almost tear down worthy,
• 55:54
  Speaker 5: you know, but we took it back to the bones
• 55:56
  Speaker 5: and now this is what it looks like, what it
• 56:00
  Speaker 5: looked like on the inside before. And so this is
• 56:04
  Speaker 5: what it looks like now. This is what a couple
• 56:07
  Speaker 5: of weeks ago the renovations, and this is closer. This
• 56:09
  Speaker 5: is what it looks like now. So I'm almost done
• 56:11
  Speaker 5: with it. You know. This is going to be so
• 56:14
  Speaker 5: think of airbnb, be for business, uses short term business,
• 56:17
  Speaker 5: uses event space or like office spaces, et cetera, et cetera.
• 56:21
  Speaker 5: And then this is the other building. This is the
• 56:23
  Speaker 5: building down here in the corner where we've got to
• 56:24
  Speaker 5: gut it back to the studs and we're getting ready
• 56:27
  Speaker 5: to bring it back. It's probably going to be an
• 56:29
  Speaker 5: event space for now, and then we're probably gonna turn
• 56:31
  Speaker 5: into a coffee shop in a year or two. We
• 56:33
  Speaker 5: had coffee shops the original concept because of COVID. I
• 56:36
  Speaker 5: don't want to take all that additional and additional capital
• 56:40
  Speaker 5: and invest in something that may not secure a tenant
• 56:43
  Speaker 5: right away. So it's something like event spaces where you
• 56:45
  Speaker 5: just I'm just building it back out to basically what
• 56:48
  Speaker 5: they call in commercial real estate, just a box, right,
• 56:50
  Speaker 5: so white floors, white walls, and lighting and open space
• 56:54
  Speaker 5: so people can rent it and use it like that
• 56:55
  Speaker 5: and we can generate revenue off of it without having
• 56:58
  Speaker 5: to have a significant investment. Yeah man, And this is
• 57:02
  Speaker 5: this is what you're talking about, Troy, the Culture Arts district.
• 57:05
  Speaker 5: So the whole street, this whole street with fifth word
• 57:07
  Speaker 5: Community Development Corporation got disapproved to be a culture arts district.
• 57:11
  Speaker 2: So yeah.
• 57:12
  Speaker 5: So and this project, this crowdfunded project is right here
• 57:15
  Speaker 5: in the heart of it, right off of the freeway.
• 57:17
  Speaker 5: So that's another upside for having ownership in this community
• 57:20
  Speaker 5: because there's gonna be a lot of uh, public money
• 57:24
  Speaker 5: coming into the community now because it's a culture arts district.
• 57:27
  Speaker 5: So yeah, man, So that's it. That's that's what I
• 57:30
  Speaker 5: got for you.
• 57:30
  Speaker 3: That's incredible appreciation. I asked, I asked Chris to put
• 57:34
  Speaker 3: together a presentation. I didn't know he was going to
• 57:36
  Speaker 3: do a whole that was that was extremely impressive.
• 57:41
  Speaker 8: Man.
• 57:41
  Speaker 3: I really, I really really really really appreciate that. That
• 57:44
  Speaker 3: was that was extremely extremely impressive.
• 57:47
  Speaker 5: Well appreciated man, much appreciated man. And trust me, I
• 57:50
  Speaker 5: can go hours on each one of those slides, So
• 57:52
  Speaker 5: I tried to keep it short.
• 57:54
  Speaker 3: Now you know what the thing about it is, and
• 57:55
  Speaker 3: we're gonna go into the best part of the whole
• 57:57
  Speaker 3: situation when people get to ask questions and answer the question.
• 58:00
  Speaker 3: But it's like, you know, we're in a political season
• 58:03
  Speaker 3: right now, and obviously everybody should go out there and
• 58:06
  Speaker 3: vote for, you know, whatever you think is the right
• 58:08
  Speaker 3: situation to do. But nobody's coming to save you either way.
• 58:12
  Speaker 3: And you can't rely on you can't rely on government programs.
• 58:16
  Speaker 3: You can't rely on any type of you know, opportunity zone,
• 58:20
  Speaker 3: government assistance to help build. Like at the end of
• 58:23
  Speaker 3: the day, human human nature is self preservation and people
• 58:29
  Speaker 3: people are tribal by nature and and and they look
• 58:34
  Speaker 3: out for their own tribe. So it's unrealistic to expect
• 58:38
  Speaker 3: anybody to come ah better our situation as a community.
• 58:44
  Speaker 3: This is why we have to do it ourselves. So
• 58:46
  Speaker 3: when we just you know, give you the whole blueprint
• 58:48
  Speaker 3: about how he built, how he's buying back the block
• 58:50
  Speaker 3: in Houston, Texas. He's doing it like hook a crook.
• 58:53
  Speaker 3: And the thing about it is like when he when
• 58:55
  Speaker 3: he he just laid out like two different things because
• 58:58
  Speaker 3: like the first one he did just private money the
• 59:02
  Speaker 3: woman that had the IRA and then he puts some
• 59:05
  Speaker 3: money down. Then the second time he did the crowdfunding.
• 59:08
  Speaker 3: So he's given you multiple different like on that first
• 59:10
  Speaker 3: slide where it was like you can do it yourself,
• 59:12
  Speaker 3: you can do a bank finance, and you could do crowdfunding.
• 59:14
  Speaker 3: He's giving you different things and he actually did different things.
• 59:16
  Speaker 3: And it's like it's not like he's coming from you know,
• 59:20
  Speaker 3: millions of dollars and got a million dollar loan and
• 59:22
  Speaker 3: bank loans and all that stuff. It's like we can
• 59:24
  Speaker 3: make excuses or we can we can get it done,
• 59:27
  Speaker 3: and we can you know, change the direction of our
• 59:29
  Speaker 3: of our family and our legacy. And that's what I
• 59:32
  Speaker 3: really like about you. It's like you're not making excuses.
• 59:34
  Speaker 3: He's just out here just just doing it done. Man,
• 59:37
  Speaker 3: got it done.
• 59:37
  Speaker 2: We ain't throwing the word legend around lightly. Man, We're
• 59:40
  Speaker 2: talking to a real legend, and I'm glad you said
• 59:42
  Speaker 2: opportunities zone because Chris I heard you say something that
• 59:44
  Speaker 2: I've never heard before, and we kind of explained with
• 59:47
  Speaker 2: opportunities zones well and shout out to our brother MG
• 59:49
  Speaker 2: to Marris Guy. We did a whole segment on that,
• 59:51
  Speaker 2: but you said they kind of really don't benefit us
• 59:53
  Speaker 2: obviously because you have to have capital gains. But you
• 59:55
  Speaker 2: said something very interesting. You said the process of moving.
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  Speaker 2: Bling your business into an opportunity zone could benefit us.
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  Speaker 2: Can you talk about that just a little bit.
• 1:02:54
  Speaker 5: Yeah, So, so the way it works is, well, I
• 1:02:59
  Speaker 5: think you have to acquire a business outside of an
• 1:03:01
  Speaker 5: opportunity zone or you have to have investors. Okay, let
• 1:03:06
  Speaker 5: me let me back up. So, yeah, so if you
• 1:03:08
  Speaker 5: personally acquire a business that's outside of an opportunity zone
• 1:03:12
  Speaker 5: and then you move it into an opportunity zone, you
• 1:03:13
  Speaker 5: get the same tax benefits as the people that are
• 1:03:17
  Speaker 5: investing in real estate in those zones. You can also
• 1:03:21
  Speaker 5: have investors invest in a business for you to buy
• 1:03:26
  Speaker 5: and then you relocate into an opportunity zone and those
• 1:03:29
  Speaker 5: investors get those same tax benefits. And like you said,
• 1:03:33
  Speaker 5: opportunity zones aren't really made for us because you have
• 1:03:36
  Speaker 5: to have capital gains. So the way that you that
• 1:03:39
  Speaker 5: you do benefit from it is you get investors to
• 1:03:42
  Speaker 5: invest either in your real estate or your businesses. Get
• 1:03:45
  Speaker 5: those those folks that do have capital gains to invest
• 1:03:48
  Speaker 5: in your businesses. And then while you you may get
• 1:03:51
  Speaker 5: a small portion of the actual returns from an investment,
• 1:03:55
  Speaker 5: you know you you have the ability to leverage all
• 1:03:59
  Speaker 5: of their capital for whatever project you're trying to get done.
• 1:04:02
  Speaker 3: There, you have it, So we're gonna jump into it.
• 1:04:04
  Speaker 3: Can you can you hang out with us a little
• 1:04:06
  Speaker 3: bit longer? Yeah, definitely some question A So we're gonna
• 1:04:09
  Speaker 3: we're gonna answer questions. So before we do that, anybody
• 1:04:11
  Speaker 3: that came on late, So what we're doing right now,
• 1:04:14
  Speaker 3: if you're wondering why we're doing like this special YouTube
• 1:04:17
  Speaker 3: live Eyo University is a platform that we built and
• 1:04:20
  Speaker 3: we do weekly webinars. We do this like we do
• 1:04:23
  Speaker 3: classes like this every single week and every Wednesday at
• 1:04:26
  Speaker 3: eight o'clock Eastern Standard, and the last Wednesday of the
• 1:04:28
  Speaker 3: month we open it up to the public. We put
• 1:04:30
  Speaker 3: it on YouTube, so it's like an open house, like,
• 1:04:32
  Speaker 3: you know, we feel like the best way to kind
• 1:04:34
  Speaker 3: of you know, put the product on display is for
• 1:04:36
  Speaker 3: people to walk through try it out. Right. We have
• 1:04:39
  Speaker 3: nothing to hide, so this is this is just what
• 1:04:42
  Speaker 3: that is. So and outside of this, we do weekly classes.
• 1:04:45
  Speaker 3: We got the book club, we got the movie Club,
• 1:04:47
  Speaker 3: we got the Facebook Investment Group, we got biweekly real
• 1:04:49
  Speaker 3: estate called a MG the mortgage guy, we got monthly
• 1:04:51
  Speaker 3: financial planning calls with me. So we're really trying to
• 1:04:54
  Speaker 3: build this out and to be like, like I keep
• 1:04:56
  Speaker 3: saying Phoenix University because that's what I think about when
• 1:04:58
  Speaker 3: I think about like online universities, I think, like everybody's
• 1:05:02
  Speaker 3: kind of heard of Phoenix University, but I'm like, why
• 1:05:04
  Speaker 3: can't EYL University be the flag bearer? And the way
• 1:05:07
  Speaker 3: education is going now is like education is the only
• 1:05:11
  Speaker 3: thing that can save you because it's like, you know,
• 1:05:13
  Speaker 3: you you're trying to you know, you try to get
• 1:05:16
  Speaker 3: a job, and it's it's good luck right now right,
• 1:05:18
  Speaker 3: And it's like you know, self education, as Mickey Fax said,
• 1:05:22
  Speaker 3: formal education can get you a portion, self education can
• 1:05:24
  Speaker 3: make you a fortune. You're not gonna learn any of
• 1:05:26
  Speaker 3: this stuff in any Ivy League Schoolie, you're not gonna
• 1:05:29
  Speaker 3: learn any of this stuff in any Ivy League school.
• 1:05:30
  Speaker 3: That's just a fact. It's not my opinion. It's a fact.
• 1:05:34
  Speaker 3: And that has been told to us from hedge fund
• 1:05:36
  Speaker 3: managers to VC capital firm owners, very high level intelligent people.
• 1:05:42
  Speaker 3: They're like yo, with the information that you give. They're
• 1:05:44
  Speaker 3: not teaching this in Stanford, like not at this level
• 1:05:46
  Speaker 3: where people can understand it. For damn. They're free. So
• 1:05:49
  Speaker 3: if you're interested in EYL University, like I said, this
• 1:05:52
  Speaker 3: is an open house platform that we do once a month,
• 1:05:56
  Speaker 3: and we're running a special promo cold forty percent off.
• 1:06:00
  Speaker 3: The price goes up in twenty four hours, so eight
• 1:06:02
  Speaker 3: o'clock tomorrow. But it's three hundred, like three hundred dolls,
• 1:06:04
  Speaker 3: three hundred and foy dollars.
• 1:06:05
  Speaker 2: Somebody just said that this class itself is worth the
• 1:06:07
  Speaker 2: price for the whole.
• 1:06:08
  Speaker 3: For the whole time. Yeah, it's like, you know, it's
• 1:06:10
  Speaker 3: like the fact. What can you what can you do
• 1:06:12
  Speaker 3: with that? That's like I said, that's a few bottles
• 1:06:14
  Speaker 3: of Sarak, like one bottle of sarrock in the club.
• 1:06:17
  Speaker 2: In the club a fact.
• 1:06:19
  Speaker 3: That's a fact.
• 1:06:20
  Speaker 2: Ain't no theories, ain't no gimmicks.
• 1:06:21
  Speaker 5: Man.
• 1:06:21
  Speaker 2: We're given it to you, real live from real life people.
• 1:06:24
  Speaker 3: And there's no code because before a lot of people
• 1:06:26
  Speaker 3: was asking about the code it was issued, so for
• 1:06:28
  Speaker 3: twenty four hours we took the code off. But it's
• 1:06:30
  Speaker 3: a special link. You can only use the link in
• 1:06:32
  Speaker 3: the YouTube description or the link that's pinned in YouTube,
• 1:06:36
  Speaker 3: So if you're watching it, that's the only way you
• 1:06:38
  Speaker 3: can get that. It's not on the website. You got
• 1:06:39
  Speaker 3: to go through that link. I'll put it in the
• 1:06:41
  Speaker 3: chat again. But yeah, let's go to my favorite part.
• 1:06:44
  Speaker 3: So this is the So the classes work like this
• 1:06:46
  Speaker 3: where the presenter comes on and they present PowerPoint presentation
• 1:06:50
  Speaker 3: and then afterwards the public EYO University members gets to
• 1:06:55
  Speaker 3: ask them questions. And this is my favorite part because
• 1:06:57
  Speaker 3: this is like mentorship in a sense where it's like
• 1:06:59
  Speaker 3: you watch a pod cast and that's great. You get information,
• 1:07:01
  Speaker 3: but people have questions. You try to d m these people,
• 1:07:04
  Speaker 3: you know, it's hard for them to respond back. So
• 1:07:06
  Speaker 3: this is the part that actually to me is even
• 1:07:09
  Speaker 3: the best people get a sense of this in Market Mondays.
• 1:07:11
  Speaker 3: But that's just a sense like this is what we
• 1:07:13
  Speaker 3: do every week where people ask questions and they actually
• 1:07:16
  Speaker 3: get to engage with these high level educated people. So
• 1:07:19
  Speaker 3: let's let's get to some questions. I'm going to shout
• 1:07:22
  Speaker 3: out to Julian Gordon e Yl, professor legend in his
• 1:07:28
  Speaker 3: own right.
• 1:07:29
  Speaker 2: That's a fact. That's a fact. I'm going to my
• 1:07:32
  Speaker 2: boys straight out of Houston, Darius, I mute yourself. You've
• 1:07:34
  Speaker 2: been unmuted.
• 1:07:35
  Speaker 3: Bro, Hey, what's going on?
• 1:07:38
  Speaker 5: What's going on?
• 1:07:39
  Speaker 2: I'm in the building. Anything good, man, It's good with you,
• 1:07:41
  Speaker 2: bro man.
• 1:07:42
  Speaker 5: I cannot complain. I cannot complain.
• 1:07:45
  Speaker 10: Loving the fact that we that we went the gentrification
• 1:07:48
  Speaker 10: and buying back.
• 1:07:49
  Speaker 2: The block route with this one.
• 1:07:50
  Speaker 10: I was definitely happy to uh to hear and see
• 1:07:54
  Speaker 10: see that post right there.
• 1:07:55
  Speaker 5: Man, Chris, how you doing. I'm good, brother, how are you?
• 1:07:58
  Speaker 5: I can't complain playing at all.
• 1:08:02
  Speaker 10: I guess my question is is my cussing is not
• 1:08:04
  Speaker 10: necessarily general, but as far as gentrification is concerned, you
• 1:08:10
  Speaker 10: spoke a little bit about identifying neighborhoods or zip codes
• 1:08:18
  Speaker 10: or just specific areas that may be ready to go
• 1:08:22
  Speaker 10: through gentrification. I'm in Houston. I'm downtown right now, so
• 1:08:28
  Speaker 10: like the Heights, I'm familiar with the Heights. I live
• 1:08:31
  Speaker 10: near Humble, I'm familiar with Fifth Ward, Third Ward, all
• 1:08:34
  Speaker 10: of that, And I'm driving through this stuff all day
• 1:08:37
  Speaker 10: every day, and I'm seeing exactly what it is you've done.
• 1:08:40
  Speaker 5: Yeah, I'm saying, you come from Humble. You see both
• 1:08:47
  Speaker 5: of my projects from the freeway that part.
• 1:08:51
  Speaker 10: So I'm like, right over here on Elgin fifty nine
• 1:08:57
  Speaker 10: and Elgin before we're coming from down town.
• 1:09:00
  Speaker 5: Over the third Ward.
• 1:09:01
  Speaker 10: Like those properties that are right there alongside the freeway
• 1:09:04
  Speaker 10: when they was raggedy, I saw them when they knocked
• 1:09:06
  Speaker 10: them down.
• 1:09:07
  Speaker 5: I saw them when they pinned them up. Yep.
• 1:09:09
  Speaker 10: So I'm looking at it and I'm like, Okay, So
• 1:09:11
  Speaker 10: how do I go about identifying areas that are on
• 1:09:15
  Speaker 10: the cusp or already in the process of the gentrification.
• 1:09:20
  Speaker 10: And then as far as getting in on that. I
• 1:09:22
  Speaker 10: like the way that you built that, you built that out.
• 1:09:24
  Speaker 10: So my question is is like, you still doing your
• 1:09:27
  Speaker 10: thing in Houston. So is there an area that I
• 1:09:29
  Speaker 10: can kind of just be like, Okay, this is what
• 1:09:31
  Speaker 10: Chris was talking about right here.
• 1:09:33
  Speaker 5: Man, there's tons of it. I mean you name some
• 1:09:36
  Speaker 5: of them. That Elgin area that's third Ward close to
• 1:09:40
  Speaker 5: the TSU. You get this opportunities. You go south towards
• 1:09:42
  Speaker 5: Sunnyside outside of the Medical Center they call it in Sunnyside.
• 1:09:46
  Speaker 5: Used to be here, they call it in Medical Center South.
• 1:09:48
  Speaker 5: Now the fifth Ward still has a ton of opportunity. Man,
• 1:09:51
  Speaker 5: it's just getting started. Like I said, that big project
• 1:09:53
  Speaker 5: won't even be complete till twenty twenty three. So you
• 1:09:56
  Speaker 5: got three or four neighborhoods right there, all along fifty
• 1:09:59
  Speaker 5: nine prime for you to try to get it.
• 1:10:02
  Speaker 3: Can you talk about You spoke about it briefly, but
• 1:10:04
  Speaker 3: you spoke on the podcast. Also city development and urban
• 1:10:07
  Speaker 3: planning websites.
• 1:10:08
  Speaker 5: Yeah, So every city, every city has a planning and
• 1:10:11
  Speaker 5: development department. Some of them call it urban planning, I
• 1:10:13
  Speaker 5: think some of some of them call it planning and development.
• 1:10:16
  Speaker 5: But in that sector of the website, there's always their plans.
• 1:10:20
  Speaker 5: They have five year, ten year, twenty year plans. Some
• 1:10:23
  Speaker 5: of them were posting the different variance requests that are
• 1:10:26
  Speaker 5: coming up for different developer projects, and so on that site,
• 1:10:30
  Speaker 5: you can see where the city is trying to go
• 1:10:32
  Speaker 5: with redevelopment, and you can see where the city is
• 1:10:35
  Speaker 5: planning to reinvest in infrastructure over the next five years
• 1:10:38
  Speaker 5: or ten years. And so that can be a key
• 1:10:40
  Speaker 5: indicator of where you should go as well, because especially
• 1:10:42
  Speaker 5: if it's a city that has the ability to get
• 1:10:44
  Speaker 5: grant money that type of thing, they're going to be
• 1:10:46
  Speaker 5: enticing developers and other people to go in there to
• 1:10:48
  Speaker 5: be that catalyst like the big project I showed y'all.
• 1:10:52
  Speaker 5: And so once you see those types of things, and
• 1:10:53
  Speaker 5: then it's time for you to try to, you know,
• 1:10:55
  Speaker 5: just get in the money flow of what's going on
• 1:10:57
  Speaker 5: in that area.
• 1:10:58
  Speaker 2: So yeah, Dars, appreciate you. Bro. Houston's own YO. You
• 1:11:04
  Speaker 2: didn't notice, but I put Beyonce up there for you.
• 1:11:06
  Speaker 3: Soon shout out. We got shot out a few a few,
• 1:11:09
  Speaker 3: a few of our loyal supporters in Houston, Texas from
• 1:11:12
  Speaker 3: the hip hop side, Toby Way, we had him here,
• 1:11:17
  Speaker 3: We had him on this on the show, and he's
• 1:11:19
  Speaker 3: tearing that he's the hottest dude out right now. Seen
• 1:11:20
  Speaker 3: them last night at hip hop. He did his thing,
• 1:11:22
  Speaker 3: a little kikey legend. Legend came to our event, came
• 1:11:26
  Speaker 3: to our event. Used to let the airport Jazz. Prince
• 1:11:29
  Speaker 3: reached out to me on Instagram, shout out to shout
• 1:11:31
  Speaker 3: out to the whole Prince family. We got crazy story
• 1:11:33
  Speaker 3: about the Prince family. Paul Wall ran into him at
• 1:11:37
  Speaker 3: the airport. Yo, we were coming to Houston, man, we coming.
• 1:11:41
  Speaker 3: Don't forget Slim Dog. Slim Dog ran into him. Also
• 1:11:44
  Speaker 3: a shout to Slim Thug.
• 1:11:45
  Speaker 2: We had a crazy weekend.
• 1:11:46
  Speaker 3: Sh shout out to Madhatta.
• 1:11:48
  Speaker 11: Yo.
• 1:11:48
  Speaker 3: That was a crazy week crazy shout.
• 1:11:51
  Speaker 2: Show.
• 1:11:52
  Speaker 3: So yeah, I just wanted to shy youyboy in Houston.
• 1:11:54
  Speaker 2: Shout to Mike Brown.
• 1:11:55
  Speaker 3: Shout to Mike Brown, like, yeah, shout out to jazz.
• 1:12:00
  Speaker 3: Yeah from Lace Chateau.
• 1:12:01
  Speaker 2: That's a fact. Jasmine, What up? What up? Uh, let's
• 1:12:04
  Speaker 2: go to I'm gonna mixture bass me. Hope, I got
• 1:12:07
  Speaker 2: that right. I mute yourself. You've been unmuted. What's going on?
• 1:12:15
  Speaker 2: We know there's no fresher. Oh every time I say fridge,
• 1:12:18
  Speaker 2: they on. What's going on?
• 1:12:20
  Speaker 3: What's going on? Oh?
• 1:12:22
  Speaker 5: Yeah, I just want to ask real when you did
• 1:12:24
  Speaker 5: that crowd funded, right, was that with the promise of
• 1:12:28
  Speaker 5: keeping the properties and renting them out or are you
• 1:12:31
  Speaker 5: giving out dividends? How is that?
• 1:12:32
  Speaker 3: How are they getting a return on their money? That's
• 1:12:35
  Speaker 3: what platform crowd.
• 1:12:37
  Speaker 5: That's a great question. Yeah, so the platform I use
• 1:12:39
  Speaker 5: is called bottle block dot com based on Denver, Colorado.
• 1:12:43
  Speaker 5: But yeah, so they are getting dividends, so they what
• 1:12:45
  Speaker 5: I'm doing is I'm taking forty percent of the net
• 1:12:48
  Speaker 5: profit from the rents and I'm dividing that up and
• 1:12:50
  Speaker 5: I'm sending that out to everybody. And so just like
• 1:12:54
  Speaker 5: in the dividend, it'll be between like two to three percent,
• 1:12:58
  Speaker 5: like one and a half to three percent of the
• 1:13:00
  Speaker 5: investment amount. But you know you're on Nike stock, you
• 1:13:02
  Speaker 5: get a one percent dividend, and so you know with
• 1:13:05
  Speaker 5: this you also get the share value appreciation because you're
• 1:13:08
  Speaker 5: not just donating money, you're not lending money. You actually
• 1:13:11
  Speaker 5: bought a piece of ownership of this property. So as
• 1:13:13
  Speaker 5: the property value goes up, your share value goes up.
• 1:13:16
  Speaker 5: And so that's where the real return is. And so
• 1:13:19
  Speaker 5: the way I have the project set up, it's supposed
• 1:13:21
  Speaker 5: to be a seven year project. So you know, we
• 1:13:24
  Speaker 5: bought it for one point two particularly be worth about
• 1:13:27
  Speaker 5: three million in about seven years and then so you
• 1:13:30
  Speaker 5: have options to sell your shares and get out. We
• 1:13:32
  Speaker 5: can refinance it and stay in and basically everybody can
• 1:13:35
  Speaker 5: still pull their initial capital out they initially invested. So
• 1:13:38
  Speaker 5: that's how it got a structured.
• 1:13:40
  Speaker 2: So appreciate that, SHARLRETTA were coming to you. I hope
• 1:13:43
  Speaker 2: I said your name right, Sharrett.
• 1:13:44
  Speaker 5: I hope ready, Yeah, you said it right here.
• 1:13:48
  Speaker 2: We go, and you was ready right when I pressed
• 1:13:51
  Speaker 2: on you. Thank you.
• 1:13:52
  Speaker 11: I was ready to pounce.
• 1:13:53
  Speaker 5: I was ready to pounce. Do it Okay.
• 1:13:55
  Speaker 12: So I just want to say I've been with you
• 1:13:58
  Speaker 12: aileybout forty five days, and Yo, this is so worth
• 1:14:02
  Speaker 12: the investment.
• 1:14:04
  Speaker 2: I appreciate.
• 1:14:05
  Speaker 12: Appreciate that, Chris is finally nice to see your face
• 1:14:09
  Speaker 12: because I tell you, I'm kicking myself that I did
• 1:14:11
  Speaker 12: not join when you guys had this out on by the.
• 1:14:14
  Speaker 5: Block dot com. Oh that, but I love the thought process.
• 1:14:21
  Speaker 4: So one of the questions I really had was for.
• 1:14:26
  Speaker 5: Someone like myself.
• 1:14:28
  Speaker 12: I actually came across a property about three years ago
• 1:14:33
  Speaker 12: in one of these up and coming neighborhoods. I'm getting
• 1:14:36
  Speaker 12: ready to actually build my first home, and one of
• 1:14:39
  Speaker 12: my things is, you know, I'm kind of torn in
• 1:14:41
  Speaker 12: the fact that you know it is you know, developers
• 1:14:45
  Speaker 12: are coming in that don't necessarily look like us. So
• 1:14:49
  Speaker 12: what advice would you have for someone getting in the
• 1:14:51
  Speaker 12: game that necessarily doesn't have the capitalization to go and
• 1:14:55
  Speaker 12: buy the block and starting out with that one one
• 1:14:58
  Speaker 12: piece here or there.
• 1:15:00
  Speaker 5: Yeah, definitely start wherever you can. You know, the developers
• 1:15:03
  Speaker 5: are going to come. Like I said, you can't really
• 1:15:04
  Speaker 5: stop them. So you know, some of the other concept
• 1:15:09
  Speaker 5: we'll talk about, maybe like getting a small group of
• 1:15:11
  Speaker 5: people together to co invest with you. You can maybe
• 1:15:15
  Speaker 5: two or three people that may have some money sitting
• 1:15:17
  Speaker 5: in the old UH savings, that kind of old UH
• 1:15:20
  Speaker 5: four one K we talked about earlier. You can use
• 1:15:22
  Speaker 5: that as your down payment and maybe have another partner
• 1:15:25
  Speaker 5: has good credit. You know, if you're going to try
• 1:15:27
  Speaker 5: to do something, I wouldn't say try to start with
• 1:15:29
  Speaker 5: ground up development or new new construction. I would suggest
• 1:15:32
  Speaker 5: you try to buy some, you know, something that's in
• 1:15:34
  Speaker 5: decent condition already, even even the new building the right area,
• 1:15:39
  Speaker 5: if the construction and the redevelopment is happening quickly. You
• 1:15:44
  Speaker 5: can still you can still get equity in your home
• 1:15:47
  Speaker 5: pretty quickly. It rather it's an investment that's your primary residents.
• 1:15:50
  Speaker 5: And would also tell people too, is like if you
• 1:15:52
  Speaker 5: want to be an investor, you want to be a landlorder,
• 1:15:55
  Speaker 5: you got to think about if you're buying something that's existing,
• 1:15:59
  Speaker 5: even if it passes inspection, right, the inspectors only looking
• 1:16:02
  Speaker 5: for things that are wrong. But if you've got a
• 1:16:04
  Speaker 5: house that's let's say it's twenty years old and they
• 1:16:07
  Speaker 5: put a twenty year well they put a let's say
• 1:16:09
  Speaker 5: they put a thirty year roof on it, you got
• 1:16:11
  Speaker 5: a plan as as as the owner of their property
• 1:16:13
  Speaker 5: that to replace a roof in five or six years
• 1:16:15
  Speaker 5: or ten years max. Right, those type of things people
• 1:16:17
  Speaker 5: don't think about. Whereas if you buy a brand new
• 1:16:19
  Speaker 5: property in the community like this, but the property the
• 1:16:21
  Speaker 5: values are going up. You know everything's new, so you
• 1:16:23
  Speaker 5: have a longer runway before you have to start investing
• 1:16:26
  Speaker 5: in repairs. So just just things to think about. And
• 1:16:29
  Speaker 5: if you haven't well, if you haven't used like your
• 1:16:31
  Speaker 5: first time home buyer credit or anything like that, you
• 1:16:34
  Speaker 5: can get into something with three percent down even if
• 1:16:36
  Speaker 5: you don't want to stay in it forever, just stay
• 1:16:37
  Speaker 5: in it for a little while and turn into an
• 1:16:39
  Speaker 5: investment property. Got all right, I appreciate thanks at.
• 1:16:42
  Speaker 2: The game, then appreciate you appreciate it. First time homebodyies
• 1:16:46
  Speaker 2: you say, yep.
• 1:16:49
  Speaker 3: And people they watching our journey, like you know, we
• 1:16:51
  Speaker 3: did trucking because we did the trucks with shout out
• 1:16:53
  Speaker 3: to alex So we just brought our first truck and
• 1:16:57
  Speaker 3: we're going to be like showing people the journey into that.
• 1:17:00
  Speaker 3: So watch what we're doing in Cleveland, Ohio. We got
• 1:17:04
  Speaker 3: a shout to be on wind shout out to big business.
• 1:17:06
  Speaker 3: Shot about in Cleveland. But oh yeah, well we might
• 1:17:09
  Speaker 3: come in Houston.
• 1:17:09
  Speaker 2: I'm thinking about Houston.
• 1:17:10
  Speaker 5: Bro.
• 1:17:11
  Speaker 2: I'm like, yo, bro, we got a lot of love
• 1:17:12
  Speaker 2: out there. Remember we was just in a random strip
• 1:17:15
  Speaker 2: on eating. It was just like, yo, we love you
• 1:17:16
  Speaker 2: out here.
• 1:17:18
  Speaker 3: We got to talk about the prices out there.
• 1:17:20
  Speaker 5: I was about to say, man, I can't we can't
• 1:17:21
  Speaker 5: compete with those prices up there.
• 1:17:23
  Speaker 3: Cleveland, Ohio. It's different right now.
• 1:17:26
  Speaker 2: We gotta open invitation in Nashville as well. We might
• 1:17:28
  Speaker 2: there's there's there's a couple of cities we might have
• 1:17:30
  Speaker 2: to look.
• 1:17:30
  Speaker 3: At Nashville, Tennessee. Shot out in Nashville.
• 1:17:32
  Speaker 2: Let's see. Uh, I haven't seen this thing before, Garth,
• 1:17:36
  Speaker 2: were coming to you, Garth, i'mut yourself. You've been unmuted,
• 1:17:41
  Speaker 2: you guys. G Chris Garth, can you tell your volume
• 1:17:45
  Speaker 2: up just a little bit? Hold on, They was about
• 1:18:00
  Speaker 2: to hit you with the deadlines.
• 1:18:02
  Speaker 13: Bro, know it was coming.
• 1:18:04
  Speaker 3: Was rushing.
• 1:18:06
  Speaker 13: Fabulous presentation, Troy Rashard, you know, fabulous job. Keep up
• 1:18:10
  Speaker 13: the good work. Chris, you know the stuff that you're
• 1:18:15
  Speaker 13: doing there. I'm here thinking, I'm like, dude, we need
• 1:18:19
  Speaker 13: to replicate this across the country, you know what I mean?
• 1:18:23
  Speaker 13: Just clone you or you create disciples and just spread
• 1:18:26
  Speaker 13: them across the US and we just do our thing.
• 1:18:29
  Speaker 13: And you know that's that's what I'm seeing right now.
• 1:18:33
  Speaker 13: I know Julian down in New Orleans, he's doing this
• 1:18:36
  Speaker 13: thing down here as well.
• 1:18:37
  Speaker 5: I'm saying, we have.
• 1:18:38
  Speaker 13: All these resources, man, we need to pull this together.
• 1:18:42
  Speaker 13: Troy and Rashad, you guys are the the link between
• 1:18:46
  Speaker 13: you know, to pull all this together, you know, create
• 1:18:49
  Speaker 13: a master class or something where we get everybody together
• 1:18:52
  Speaker 13: and put put something like this together where we you
• 1:18:55
  Speaker 13: know this this energy, and just replicate it across country
• 1:19:00
  Speaker 13: and just put in different pockets across the country and
• 1:19:03
  Speaker 13: just do our thing. Man.
• 1:19:05
  Speaker 3: Yeah, I mean, like I said, I wanted to say,
• 1:19:09
  Speaker 3: she appreciated. I appreciate that. Shots at Julian Gordon. He's
• 1:19:11
  Speaker 3: doing something similar in New Orleans, I believe. And of
• 1:19:15
  Speaker 3: course we got Brandon Rule, who's one of the top
• 1:19:16
  Speaker 3: real estate developers in the United States of America right now.
• 1:19:19
  Speaker 3: We got a lot of we got a lot of
• 1:19:21
  Speaker 3: relationships with a lot of good people.
• 1:19:22
  Speaker 11: MG.
• 1:19:22
  Speaker 3: The mortgage guy who's the number one real estate financing
• 1:19:25
  Speaker 3: expert online. So maybe we can, maybe we can form
• 1:19:28
  Speaker 3: a conglomorate Superpower super Pack, eyl Superpack.
• 1:19:34
  Speaker 2: We're coming to take over the neighbor.
• 1:19:37
  Speaker 5: But yeah, Garth Man, I appreciate the comment. Man, But
• 1:19:39
  Speaker 5: that's exactly why I'm doing this. Why I'm being so
• 1:19:42
  Speaker 5: transparent with everything, because it's way too much for me
• 1:19:45
  Speaker 5: to try to tackle on my own. And I'm not
• 1:19:47
  Speaker 5: I'm not the boastful, bragful, arrogant guy. I just want
• 1:19:49
  Speaker 5: everybody on the same way.
• 1:19:50
  Speaker 14: Man.
• 1:19:50
  Speaker 5: It was frustrating not seeing enough of us doing this,
• 1:19:54
  Speaker 5: And it's funny. I would be in conversations with all
• 1:19:57
  Speaker 5: of these intellectuals, these IVY League graduates, our community, and
• 1:20:00
  Speaker 5: they would tell me why it wouldn't work. And eventually
• 1:20:02
  Speaker 5: I was just like, I'm just gonna do it. I'm
• 1:20:04
  Speaker 5: just gonna show them that it can't work, you know.
• 1:20:06
  Speaker 5: And I think that's what it takes for a lot
• 1:20:07
  Speaker 5: of us just to get to get in there and
• 1:20:08
  Speaker 5: start doing it.
• 1:20:09
  Speaker 2: They keep driving on the highway, They're gonna see what
• 1:20:11
  Speaker 2: you're doing. Is there? All right, Wanda, we are coming
• 1:20:16
  Speaker 2: to you. I mute yourself. You've been unmuted. What's up?
• 1:20:19
  Speaker 15: Hi?
• 1:20:19
  Speaker 3: Y'all?
• 1:20:20
  Speaker 16: First of all, I love you. I love to show
• 1:20:22
  Speaker 16: out of the platform. I've told everybody in my organization.
• 1:20:24
  Speaker 16: I have twelve hundred people about this, well, the black people.
• 1:20:29
  Speaker 3: We love everybody.
• 1:20:32
  Speaker 16: I have this like pipe dream of building a thriving
• 1:20:36
  Speaker 16: Black community. And I call it a pipe dream because
• 1:20:38
  Speaker 16: I like the strategy that you're talking about in terms
• 1:20:41
  Speaker 16: of going into an area that's on the verge of
• 1:20:43
  Speaker 16: re vitalization or gentrification. But I have a question about
• 1:20:46
  Speaker 16: an area like Gary, Indiana, where and I'm from New York,
• 1:20:50
  Speaker 16: I don't know anything about Gary. It came to me
• 1:20:51
  Speaker 16: in a dream. So Gary, there was white flight and
• 1:20:55
  Speaker 16: then black flight. In the fifties and sixties, industry left
• 1:20:59
  Speaker 16: the place, and right now it's virtually abandoned over the
• 1:21:02
  Speaker 16: past forty years, but slowly but surely, like I heard
• 1:21:06
  Speaker 16: that there's a hotel coming to the beach area and
• 1:21:08
  Speaker 16: there's an investment in building a new school. So my
• 1:21:12
  Speaker 16: question is, what do you think about going into an
• 1:21:14
  Speaker 16: area that is not even quite on the verge of
• 1:21:17
  Speaker 16: revitalization and buying the block there and maybe networking with
• 1:21:23
  Speaker 16: other real estate investors who are black and trying to
• 1:21:28
  Speaker 16: lure people from Chicago who are thirty minutes away. A
• 1:21:30
  Speaker 16: lot of them left Gary to go to Chicago. What
• 1:21:32
  Speaker 16: do you think about that as a strategy. Is it
• 1:21:34
  Speaker 16: really a pipe dream? Should I move forward or should
• 1:21:36
  Speaker 16: I look for a place that is already gentrifying or
• 1:21:40
  Speaker 16: revitalizing right now?
• 1:21:41
  Speaker 5: That's definitely a risk tolerance question, okay, because you don't
• 1:21:45
  Speaker 5: know how long it's going to take for that to
• 1:21:47
  Speaker 5: take off. If you can invest in it and hold
• 1:21:48
  Speaker 5: it long enough where it's not if you got money
• 1:21:51
  Speaker 5: that's not going to hurt you to invest in the
• 1:21:52
  Speaker 5: property and just let it sit there. And wait for
• 1:21:54
  Speaker 5: that to happen. And that's okay. But if you're expecting
• 1:21:58
  Speaker 5: a quick return on whatever, I would say, go somewhere
• 1:22:01
  Speaker 5: where the bet is more sure. You know where you
• 1:22:03
  Speaker 5: where you have a more solid opportunity to get into
• 1:22:07
  Speaker 5: whatever you're going to do, make some money, and continue
• 1:22:09
  Speaker 5: to expand. I think that happens a lot of times.
• 1:22:12
  Speaker 5: People buy properly in the wrong neighborhoods and the values
• 1:22:15
  Speaker 5: don't appreciate. Sometimes the values are stagnant or even go down,
• 1:22:19
  Speaker 5: and you end up losing money if you look at
• 1:22:20
  Speaker 5: inflation and everything else and your cost of like taxes
• 1:22:23
  Speaker 5: and insurance and all that kind of stuff. So you
• 1:22:25
  Speaker 5: got to be really really strategic with that. I personally
• 1:22:28
  Speaker 5: wouldn't suggest it, but if you have the capital to
• 1:22:31
  Speaker 5: do it, then you know it's it won't hurt try.
• 1:22:35
  Speaker 3: Thank you so much, appreciate you. I think that's the
• 1:22:40
  Speaker 3: question a lot of people have, like coming from New
• 1:22:42
  Speaker 3: York or whatever, it's like la where it's just the
• 1:22:45
  Speaker 3: real estate is crazy and they want to go to
• 1:22:47
  Speaker 3: these different towns, but it's like, you don't know anybody.
• 1:22:49
  Speaker 3: And the reason why I said Cleveland, Ohio, is that
• 1:22:51
  Speaker 3: we really built a strong relationship with beyond when shout
• 1:22:54
  Speaker 3: out to him, just a real solid dude, and you
• 1:22:57
  Speaker 3: know that's somebody that we trust. And it's like, you know,
• 1:23:00
  Speaker 3: even Maurice Cloret, a good friend of mine who's out
• 1:23:03
  Speaker 3: in Columbus, Ohio. So you know, I really know like
• 1:23:06
  Speaker 3: these people are. Actually they live out there. They you know,
• 1:23:08
  Speaker 3: So I'm not going to go to anybody's turf and
• 1:23:11
  Speaker 3: try to do the Chrystopher Columbus day. Just take over.
• 1:23:15
  Speaker 5: And you know what, that is a great point because
• 1:23:16
  Speaker 5: like those like we're beyond them are there is a
• 1:23:19
  Speaker 5: strong rental market there and there's not enough housing. So
• 1:23:22
  Speaker 5: if that's the business case that you're looking at, then
• 1:23:24
  Speaker 5: still it still makes sense because you can buy the
• 1:23:26
  Speaker 5: chop the property really really and expensively and still have
• 1:23:29
  Speaker 5: positive cash flow and make great returns.
• 1:23:32
  Speaker 2: Really, I'll tell you another great place to find people
• 1:23:35
  Speaker 2: that are from other places inside the investment group. I'm
• 1:23:38
  Speaker 2: telling you, like every time that somebody posts like, yo, hey,
• 1:23:41
  Speaker 2: I live in Houston, is there anybody that is a
• 1:23:43
  Speaker 2: developer in Houston? It's a great resource. Yo, is there
• 1:23:45
  Speaker 2: anybody in Cleveland? Every day? I see it like somebody
• 1:23:48
  Speaker 2: from another part of the country is like, yo, anybody
• 1:23:50
  Speaker 2: here in this area. It's a great way to network
• 1:23:53
  Speaker 2: and a great way to resource and come together. Right
• 1:23:56
  Speaker 2: if I'm not from Gary, I'm guaranteeing out of the
• 1:23:58
  Speaker 2: five thousand almost six thousand people, somebody knows the area.
• 1:24:02
  Speaker 3: And Matt Matt was doing, He's gonna bring it back
• 1:24:04
  Speaker 3: when he was doing the city right each city, so
• 1:24:07
  Speaker 3: he did, like the real estate updates for the Bay Area,
• 1:24:09
  Speaker 3: the real estate updates for Houston, and real estate updates
• 1:24:11
  Speaker 3: for Philly. Those are good resources too because it's like
• 1:24:14
  Speaker 3: now that's specific for that area. So even if you
• 1:24:17
  Speaker 3: don't live in Philly, but you're interested in Philadelphia real estate,
• 1:24:20
  Speaker 3: you can network. It's all about network. And that was
• 1:24:22
  Speaker 3: my whole point, is that it's just about networking. And
• 1:24:25
  Speaker 3: I feel like, you know, a lot of times what's
• 1:24:27
  Speaker 3: stopping us is the relationships. And that's another thing that
• 1:24:30
  Speaker 3: we built with the university. It's just relationships, but just
• 1:24:32
  Speaker 3: in general, just in life, like you might have a
• 1:24:34
  Speaker 3: family member, you may have a cousin, you might have
• 1:24:36
  Speaker 3: to you know, you never know who you're going to
• 1:24:37
  Speaker 3: meet and get introduced to. But relationships can take you
• 1:24:41
  Speaker 3: a long long way. You can have all knowledge in
• 1:24:43
  Speaker 3: the world, but if you don't have the relationships, you
• 1:24:45
  Speaker 3: might not be able to execute. So it's relationships that
• 1:24:49
  Speaker 3: are extremely, extremely important in my opinion.
• 1:24:52
  Speaker 2: Bianca were coming to you, I'm mute yourself. You've been unmuted.
• 1:24:54
  Speaker 2: What's up, hi?
• 1:24:56
  Speaker 15: How you doing?
• 1:24:57
  Speaker 2: Of how fast y'all was going? Everything's great.
• 1:25:00
  Speaker 15: I just didn't expect that to happen. So my question
• 1:25:05
  Speaker 15: is probably very similar to one of the first questions,
• 1:25:08
  Speaker 15: but I never get to get on, so I'm just
• 1:25:10
  Speaker 15: going to say it. So just about the opportunity zoned. So,
• 1:25:15
  Speaker 15: I'm from Augusta, Georgia, and I moved to Minneapolis five
• 1:25:18
  Speaker 15: years ago, and I noticed North Minneapolis is like one
• 1:25:20
  Speaker 15: of the most undeveloped, neglected places in Minneapolis. But I
• 1:25:26
  Speaker 15: just read something today about the city planning to put
• 1:25:29
  Speaker 15: a concert venue up there. They they're getting like millions
• 1:25:33
  Speaker 15: of dollars. Would you consider this like a opportunity zone?
• 1:25:38
  Speaker 5: Well, so, an opportunity zone is actually a government designation
• 1:25:42
  Speaker 5: for specific neighborhoods that have like specific low income demographic
• 1:25:48
  Speaker 5: or like then they have like usual issues like food
• 1:25:50
  Speaker 5: deserts where it's no grocery stores and those types of things,
• 1:25:52
  Speaker 5: and so those zones were created to kind of pinpoint
• 1:25:58
  Speaker 5: areas where the government wanted these high networks people or
• 1:26:02
  Speaker 5: people that have capital gains to invest and park their
• 1:26:04
  Speaker 5: money for up to ten years in exchange for getting
• 1:26:09
  Speaker 5: a tax abatement basically a tax deferment, and like whatever
• 1:26:13
  Speaker 5: whatever they buy over the ten years, they actually can
• 1:26:20
  Speaker 5: sell it at the end and not pay any taxes
• 1:26:21
  Speaker 5: on that at all. So I'm not sure if that
• 1:26:24
  Speaker 5: you'd have to. You can really just google opportunities on
• 1:26:27
  Speaker 5: map and it'll tell you if that area is an
• 1:26:29
  Speaker 5: opportunity zone or not, and then it sounds like something
• 1:26:32
  Speaker 5: that that may be a catalyst for other development to
• 1:26:34
  Speaker 5: come around it. So I would definitely I would stay
• 1:26:36
  Speaker 5: tuned to see what's going on. If you know any
• 1:26:39
  Speaker 5: realtors anybody that may be in that that may know
• 1:26:41
  Speaker 5: that market, I would say you suggest you talk to
• 1:26:43
  Speaker 5: them to see if they know of any realtors that
• 1:26:46
  Speaker 5: represent builders in new construction that because if those builders
• 1:26:50
  Speaker 5: are looking at that area, and that tells you that
• 1:26:51
  Speaker 5: things are about to pick up.
• 1:26:53
  Speaker 3: Okay, thank you, Yeah, you know what I just thought
• 1:26:57
  Speaker 3: about something we're going to do in it hopefully you
• 1:27:01
  Speaker 3: can help us out with this. We have almost four
• 1:27:06
  Speaker 3: thousand members in our in our private our private investment
• 1:27:09
  Speaker 3: group on Facebook, so we should we could. We can
• 1:27:13
  Speaker 3: set up geographical groups, like we can have a New
• 1:27:17
  Speaker 3: York group, we can have an l A group, we
• 1:27:19
  Speaker 3: can have affiliate like. That means, so that way people
• 1:27:22
  Speaker 3: can they can identify themselves by like where they actually live.
• 1:27:26
  Speaker 3: And like I said, even if you don't live So
• 1:27:28
  Speaker 3: even if you live in New York, but you might
• 1:27:30
  Speaker 3: be interested in Houston real estate. If there's three hundred
• 1:27:33
  Speaker 3: people from Houston in a Houston group, now you can
• 1:27:36
  Speaker 3: network with them, and that gives you three hundred people
• 1:27:38
  Speaker 3: that you can actually, you know, reach out to and
• 1:27:41
  Speaker 3: build with. So we're gonna get that done. Thank you.
• 1:27:46
  Speaker 2: I guarantee seven o'clock. I'm gonna have fourteen text mess
• 1:27:50
  Speaker 2: Shy said. He said, I appreciate that. Ah man, Let's
• 1:27:56
  Speaker 2: go to a new name. Oh, Whitney, I haven't seen
• 1:27:58
  Speaker 2: this thing before. Whitney, what's going on? Mute self? You
• 1:28:00
  Speaker 2: been unmuted?
• 1:28:01
  Speaker 6: Hey, guys, thanks for this awesome information.
• 1:28:04
  Speaker 17: I appreciate I appreciate everything that eyl is bringing to
• 1:28:07
  Speaker 17: the table.
• 1:28:07
  Speaker 6: And I'm a newbie.
• 1:28:08
  Speaker 17: I've only been a member of about a month or so,
• 1:28:11
  Speaker 17: but I'm really happy to be appreciate that, bro.
• 1:28:15
  Speaker 6: I got a message for Chris.
• 1:28:17
  Speaker 17: I serve on the political side and the community side
• 1:28:22
  Speaker 17: for a lot of housing agencies or community redevelopment boards
• 1:28:28
  Speaker 17: and economic development boards. And I do that, as I said,
• 1:28:31
  Speaker 17: and I actually put my question in the thing just
• 1:28:34
  Speaker 17: so I can be at the table and hear about
• 1:28:36
  Speaker 17: deals that are coming down and actually bring it.
• 1:28:38
  Speaker 6: Back to our community.
• 1:28:40
  Speaker 17: But I get a lot of pushback from our community
• 1:28:42
  Speaker 17: because mostly I think because they just they see that
• 1:28:46
  Speaker 17: their communities are being changed and they feel helpless to
• 1:28:50
  Speaker 17: get involved or helpless to do anything about it because
• 1:28:53
  Speaker 17: they don't have the financial wherewithal to do anything. What
• 1:28:57
  Speaker 17: are some strategies that you've used or that you seen
• 1:29:00
  Speaker 17: yous that actually help to engage local communities, particularly our
• 1:29:04
  Speaker 17: community black people and bring them along through this process.
• 1:29:08
  Speaker 5: Man, you know, it's tough. I mean, I thankfully the
• 1:29:12
  Speaker 5: projects that I have they kind of see something different
• 1:29:14
  Speaker 5: and they see that I'm not displacing people. But for
• 1:29:17
  Speaker 5: the for the a lot of times, people are just
• 1:29:20
  Speaker 5: adverse to change, right, So I think the best thing
• 1:29:25
  Speaker 5: that you could do probably would be to bring in
• 1:29:28
  Speaker 5: a group of investors, if you know, a group of
• 1:29:31
  Speaker 5: investors or developers that may be of the right mindset,
• 1:29:35
  Speaker 5: and have them come and talk to the community. And
• 1:29:38
  Speaker 5: you know, if you if you know where the projects
• 1:29:40
  Speaker 5: are going and you know what's coming, put put that
• 1:29:43
  Speaker 5: group in front of the projects and let them, you know,
• 1:29:46
  Speaker 5: interface with the community, kind of bring some of the
• 1:29:49
  Speaker 5: amenities and services the community may be looking for, or
• 1:29:52
  Speaker 5: explain to them why it's not the right time for
• 1:29:54
  Speaker 5: certain things. Like you know, a lot of the communities,
• 1:29:56
  Speaker 5: like like I said, they will want the grocery store now,
• 1:29:59
  Speaker 5: and they'll want this and that now, but they don't
• 1:30:01
  Speaker 5: want the new housing, you know, and you have to
• 1:30:03
  Speaker 5: explain to them, well, this is why you need that.
• 1:30:04
  Speaker 5: This is why you need some people that look like
• 1:30:07
  Speaker 5: you in the community that earn more money so that
• 1:30:09
  Speaker 5: it can be attractive for Starbucks or it can be
• 1:30:11
  Speaker 5: attractive for the grocery store to come back. So a
• 1:30:14
  Speaker 5: lot of it's just open communication, but there is no
• 1:30:17
  Speaker 5: cookie cutter answer.
• 1:30:18
  Speaker 6: Man.
• 1:30:18
  Speaker 5: You're never going to get everybody on board, unfortunately, But
• 1:30:21
  Speaker 5: I mean, you know, you can kind of turn the
• 1:30:23
  Speaker 5: tide a little bit by doing some of those things.
• 1:30:25
  Speaker 6: True, true, I appreciate that. Guys, thank you very much.
• 1:30:28
  Speaker 2: We appreciate you. Oh, here we go, my guys here
• 1:30:34
  Speaker 2: Author Paul Rose King, Arthur, you've been unmuted. Peace peace,
• 1:30:39
  Speaker 2: what's good fellas? What's going on?
• 1:30:40
  Speaker 5: Bro? Slow motion? How y'a doing?
• 1:30:43
  Speaker 2: Yeah? We're good man, no doubt A. Chris Man definitely
• 1:30:48
  Speaker 2: a big fan.
• 1:30:49
  Speaker 18: I'm actually an investor in the in the Lions Avenue project.
• 1:30:52
  Speaker 5: Love it. I love it. Yeah.
• 1:30:55
  Speaker 18: When I actually right right before right as COVID hit
• 1:30:58
  Speaker 18: I got, I got into the project and I joined EYL.
• 1:31:01
  Speaker 18: That was kind of how I split the bread up
• 1:31:03
  Speaker 18: for it solders. Definitely looking forward. Definitely a big fan.
• 1:31:10
  Speaker 18: Been following the mod project as well. Congrats on that.
• 1:31:15
  Speaker 18: As we talk about building the community. One of the
• 1:31:20
  Speaker 18: things that you mentioned, uh, with the with the project
• 1:31:23
  Speaker 18: that you said, you know, most none of those houses
• 1:31:25
  Speaker 18: were like Section eight houses and stuff like that. Those
• 1:31:27
  Speaker 18: are all pretty much working class individuals. That being said,
• 1:31:33
  Speaker 18: Section eight is like one of the largest subsidies our
• 1:31:36
  Speaker 18: community gets, Like literally it's about eight billion dollars a year,
• 1:31:41
  Speaker 18: and the majority of that money goes to black women
• 1:31:44
  Speaker 18: as we know who are generally that had a household
• 1:31:47
  Speaker 18: for those communities, And so as you're building your plans
• 1:31:51
  Speaker 18: and as you know, you speak on others and how
• 1:31:53
  Speaker 18: they should expand how do you view or what ways
• 1:31:57
  Speaker 18: do you think that we have to actually include that
• 1:32:00
  Speaker 18: so we don't walk away literally from eight billion dollars
• 1:32:04
  Speaker 18: a year that now is going to other people who
• 1:32:07
  Speaker 18: own that affordable housing to a certain degree, because our
• 1:32:10
  Speaker 18: own people are scared or don't want to deal with
• 1:32:15
  Speaker 18: those Section eight housing.
• 1:32:17
  Speaker 5: Yeah. So yeah, let me point out the reason why
• 1:32:20
  Speaker 5: I pointed that out earlier is for the opposite reason, right,
• 1:32:23
  Speaker 5: because we all we automatically assume everybody in these neighborhoods
• 1:32:26
  Speaker 5: is all strictly on government assistance. But there are some
• 1:32:30
  Speaker 5: people that are just hardworking that you know, all fixed incomes. Now,
• 1:32:34
  Speaker 5: as far as the you know, the single women especially
• 1:32:37
  Speaker 5: or anybody that's on Section eight, I think that with
• 1:32:41
  Speaker 5: the right landlords in place, and I think it can
• 1:32:43
  Speaker 5: actually be a better system because you know, if we
• 1:32:46
  Speaker 5: are the ones controlling the real estate and own the
• 1:32:48
  Speaker 5: real estate, and those are our tenants, then we'll probably
• 1:32:50
  Speaker 5: look out for them a little bit more than somebody else.
• 1:32:53
  Speaker 5: That's you know, living across the country or living in
• 1:32:55
  Speaker 5: another neighborhood that doesn't really care about the community. But
• 1:32:59
  Speaker 5: most importantly, when you talk about a way to leverage
• 1:33:02
  Speaker 5: home ownership that we don't really talk about those those
• 1:33:05
  Speaker 5: vouchers can be used for mortgage payments just like they
• 1:33:08
  Speaker 5: can be used for regularly. So educating more of the
• 1:33:12
  Speaker 5: people in our community about how to get their credit
• 1:33:14
  Speaker 5: together to get into a first time home buyers program
• 1:33:17
  Speaker 5: and get a down payment assistance grant and then convert
• 1:33:21
  Speaker 5: that same voucher over to something that can help pay
• 1:33:23
  Speaker 5: the mortgage, we can create more home ownership in the
• 1:33:25
  Speaker 5: community using that same tool.
• 1:33:28
  Speaker 18: So so so in a way, for those who are
• 1:33:31
  Speaker 18: looking how to replicate what you're doing on the smaller scale,
• 1:33:35
  Speaker 18: one of the things they can do is look to
• 1:33:37
  Speaker 18: take advantage of those government programs in using.
• 1:33:41
  Speaker 5: Their own home buying i e.
• 1:33:43
  Speaker 18: Matt's Home Biased home Buyers or you know, using those
• 1:33:48
  Speaker 18: types of things in their own personal lives to kind
• 1:33:51
  Speaker 18: of replicate on a micro scale what you're doing at
• 1:33:53
  Speaker 18: the macro level.
• 1:33:54
  Speaker 5: Definitely, definitely, and that's actually a way for people that
• 1:33:57
  Speaker 5: have existing rental portfolios if they want to get out
• 1:33:59
  Speaker 5: of them. A lot of people are converted over to
• 1:34:00
  Speaker 5: owner finance, so so basically the same tenants stays in
• 1:34:04
  Speaker 5: the property, but now they're they are buying the property,
• 1:34:07
  Speaker 5: so now they're responsible for the insurance and the taxes
• 1:34:10
  Speaker 5: and all those things. So if you have a Section
• 1:34:11
  Speaker 5: eight tenant and it's a house that you don't want
• 1:34:13
  Speaker 5: to get, you know, you may not want to keep
• 1:34:14
  Speaker 5: in your portfolio, you could actually sell it to them. Yeah,
• 1:34:18
  Speaker 5: and create a homeowner out of one of your tenants,
• 1:34:19
  Speaker 5: especially they've been loyal, long term tenants.
• 1:34:21
  Speaker 2: You know.
• 1:34:22
  Speaker 5: It's it's it's a million ways to uh to make
• 1:34:25
  Speaker 5: that program benefit us more. I appreciate it, brother.
• 1:34:29
  Speaker 3: Thank you author. On one last I just want to
• 1:34:31
  Speaker 3: ask you a question because you're one of our most
• 1:34:33
  Speaker 3: prestigious students at euy L University and you always tap
• 1:34:37
  Speaker 3: into every single thing we got going. Uh, how how
• 1:34:40
  Speaker 3: has your experience been with Eyo University.
• 1:34:43
  Speaker 18: It's been It's been fabulous, man, it's been fabulous. I listen,
• 1:34:46
  Speaker 18: I went to a prestigious all boys prep school in
• 1:34:49
  Speaker 18: high school, Old Farms, I could have went to all
• 1:34:53
  Speaker 18: most of them in the ivy leagues, I end up
• 1:34:55
  Speaker 18: going to George Washington University.
• 1:34:58
  Speaker 3: That's very prestigious school.
• 1:35:00
  Speaker 5: Absolutely, you know what I mean.
• 1:35:02
  Speaker 18: However, in terms of the actual practical knowledge that I
• 1:35:05
  Speaker 18: learned outside of me just working and doing the things
• 1:35:08
  Speaker 18: that I did in my career, I would say this
• 1:35:11
  Speaker 18: has definitely been one of the most comprehensive UH education
• 1:35:15
  Speaker 18: platforms that I've ever been a part of.
• 1:35:17
  Speaker 5: You know what I mean.
• 1:35:18
  Speaker 18: You guys brought me to Chris, you guys brought me
• 1:35:20
  Speaker 18: to matt Uh. You brought me to Beyond, you know
• 1:35:23
  Speaker 18: what I mean. And so in terms of actually executing
• 1:35:27
  Speaker 18: and getting things done, there's there's there's nothing better, you
• 1:35:31
  Speaker 18: know what I mean. I was an econ major, I
• 1:35:33
  Speaker 18: was a finance major, all of that stuff, and it
• 1:35:36
  Speaker 18: doesn't come close to the practical knowledge all of that stuff.
• 1:35:39
  Speaker 5: That they're gonna teach you in the schools. You can go
• 1:35:41
  Speaker 5: google that.
• 1:35:42
  Speaker 18: But this, now, this, get it done, this, this, this, this,
• 1:35:45
  Speaker 18: uh you know, get to sell of financing and transfer
• 1:35:49
  Speaker 18: that into into a private investment for the IRA and
• 1:35:52
  Speaker 18: then transfer that.
• 1:35:54
  Speaker 5: And getting it done.
• 1:35:56
  Speaker 18: They're not gonna teach you that at Harvard and nowhere
• 1:35:59
  Speaker 18: else of it. They're gonna teach you the exact opposite
• 1:36:02
  Speaker 18: of what Chris is teaching. They're gonna teach you how
• 1:36:04
  Speaker 18: to ultimately rape your community. Chris is gonna teach you
• 1:36:07
  Speaker 18: how to get it done and get the bag. So
• 1:36:09
  Speaker 18: I appreciate you fellas for it. I always participate. I'll
• 1:36:12
  Speaker 18: always be highly and you know, I appreciate you guys
• 1:36:15
  Speaker 18: for always letting me.
• 1:36:16
  Speaker 2: Rock, appreciating author, appreciate that most prestigious.
• 1:36:20
  Speaker 3: Often man's extremely extremely intelligent. God Man Market used to
• 1:36:24
  Speaker 3: be a market maker on Wall Street.
• 1:36:27
  Speaker 2: That's our guy. This is another one of our of
• 1:36:30
  Speaker 2: our dudes. Man Park, what's going on? I'm mute yourself.
• 1:36:33
  Speaker 2: What's going on Sunday?
• 1:36:35
  Speaker 5: Bro Man, I was struggling with.
• 1:36:40
  Speaker 19: Now No, I'm making sure I'm coming back out like
• 1:36:44
  Speaker 19: I ain't never missed another episode ever. Yeah, no, thanks
• 1:36:50
  Speaker 19: for all the information, Chris. I just had just one,
• 1:36:54
  Speaker 19: you know, short question. Throughout the whole process that you've done,
• 1:36:58
  Speaker 19: what would you think is like the hardest step that
• 1:37:01
  Speaker 19: you had to take, like before you got to where.
• 1:37:04
  Speaker 3: You're at right now?
• 1:37:05
  Speaker 5: Man, I would say every every step has its own challenges.
• 1:37:10
  Speaker 5: I would say the most the most difficult things I
• 1:37:14
  Speaker 5: had going was when I was trying to figure things
• 1:37:17
  Speaker 5: out on my own and not find somebody that was
• 1:37:19
  Speaker 5: an expert at what I was trying to get done
• 1:37:21
  Speaker 5: and putting them in place to do something to help
• 1:37:23
  Speaker 5: me out. So, I mean, that's really been the biggest thing, man.
• 1:37:28
  Speaker 5: I would say with the new construction project, like the
• 1:37:30
  Speaker 5: roadblock with the infrastructure was pretty tough, and having to
• 1:37:35
  Speaker 5: negotiate with the city to figure out, you know, a
• 1:37:37
  Speaker 5: solution for that. And let me think on the on
• 1:37:41
  Speaker 5: the crowdfund side, I think that the hardest part was
• 1:37:43
  Speaker 5: getting the deal done on the front and just negotiating
• 1:37:45
  Speaker 5: with the sellers and making them understand, you know, why
• 1:37:48
  Speaker 5: I needed them to come down on price and why
• 1:37:49
  Speaker 5: I needed them to sell their finance to me. But yeah,
• 1:37:52
  Speaker 5: I mean every everything, every deal you do, you're gonna
• 1:37:55
  Speaker 5: have a different challenge, So just be prepared for that.
• 1:37:59
  Speaker 2: Appreciate your pop.
• 1:38:00
  Speaker 3: Shout out Chicago man, Chris, can we get like ten
• 1:38:02
  Speaker 3: more minutes of your time? Yeah?
• 1:38:03
  Speaker 5: Yeah.
• 1:38:04
  Speaker 3: Somebody on YouTube shot Yes to real Estate. They sent
• 1:38:08
  Speaker 3: a couple of days. You read that message, No, I know,
• 1:38:12
  Speaker 3: Andre Yes, Okay, okay, yes, it is Andre, Yes to
• 1:38:16
  Speaker 3: real Estate. We're breaking ground on our four townhousing fifth
• 1:38:21
  Speaker 3: Ward two months with three blocks from you.
• 1:38:23
  Speaker 5: So yeah, yeah, you're taking over the whole.
• 1:38:25
  Speaker 2: That's taking over the whole neighborhood.
• 1:38:26
  Speaker 5: I love it and I love it definitely, definitely.
• 1:38:28
  Speaker 2: Well, listen, what's going on? You've been unmuted?
• 1:38:30
  Speaker 3: Hi?
• 1:38:31
  Speaker 20: How are you guys?
• 1:38:32
  Speaker 2: Everything's good.
• 1:38:33
  Speaker 20: Thank you so much for having this open forum. Has
• 1:38:36
  Speaker 20: been very informative. I got on a.
• 1:38:38
  Speaker 6: Little late, but I will rewatch.
• 1:38:41
  Speaker 20: I did want to ask Christopher a question about buying
• 1:38:46
  Speaker 20: back Harlem and what do you suggest. I'm born and
• 1:38:49
  Speaker 20: raised here. I've been approached with a lot of negativity
• 1:38:53
  Speaker 20: and charm in terms of trying to open up a business. However,
• 1:38:56
  Speaker 20: a lot of businesses have closed due to COVID, and
• 1:38:58
  Speaker 20: I just kind of wanted to know a way on
• 1:39:00
  Speaker 20: how to approach that.
• 1:39:02
  Speaker 5: Wow, that's a very There's a lot of variables in
• 1:39:06
  Speaker 5: that equation, right, because, number one, the type of business
• 1:39:09
  Speaker 5: you're gonna want to start. You know, when you see
• 1:39:13
  Speaker 5: a bunch of businesses closing, don't think it's for no reason.
• 1:39:15
  Speaker 5: You know they're closing because they tried to stay open
• 1:39:18
  Speaker 5: and they couldn't. Now, I mean, of course, that is
• 1:39:21
  Speaker 5: going to open a new way of opportunity on the backside.
• 1:39:25
  Speaker 5: But I'm not really familiar with the Harlem market or
• 1:39:28
  Speaker 5: like the price points there, so I wouldn't want to
• 1:39:31
  Speaker 5: give you any bad advice. It's not cut her blanket
• 1:39:34
  Speaker 5: across the board, so I would say, maybe do what
• 1:39:41
  Speaker 5: I would do in any situation is find local experts
• 1:39:44
  Speaker 5: that are doing what you're trying to do. Maybe talk
• 1:39:48
  Speaker 5: to a commercial broker that has clients that have bought
• 1:39:53
  Speaker 5: businesses or rented spaces to start businesses and have closed
• 1:39:57
  Speaker 5: those businesses and find out what challenges their clients had
• 1:40:01
  Speaker 5: and then figure out, you know, your next move. So
• 1:40:04
  Speaker 5: uh yeah, don't don't go into it blindly, don't don't
• 1:40:06
  Speaker 5: go into it trying to figure it out your own
• 1:40:08
  Speaker 5: for sure.
• 1:40:09
  Speaker 3: I'm gonna be honest. And it's like, you know, we
• 1:40:10
  Speaker 3: live in New York. We've been in New York our
• 1:40:12
  Speaker 3: entire lives. Our whole family has been in New York
• 1:40:14
  Speaker 3: their entire lives pretty much. And you know, I was
• 1:40:17
  Speaker 3: always really pro New York. I still am, you know, York,
• 1:40:22
  Speaker 3: but the more I travel, I've been traveling a lot lately, and.
• 1:40:28
  Speaker 2: Don't do it. Don't do it, don't do it, don't
• 1:40:30
  Speaker 2: do it. I ain't gonna let do it.
• 1:40:31
  Speaker 3: Don't do it now. The one thing that Donald Trump
• 1:40:34
  Speaker 3: said is like, I don't know if the city's ever
• 1:40:35
  Speaker 3: really gonna fully recover. And it's so much regulation, it's
• 1:40:38
  Speaker 3: so much red tape, it's so much hassle. The prices
• 1:40:41
  Speaker 3: are through the roof in every neighborhood. It's just really,
• 1:40:44
  Speaker 3: you know, for me, I'm like, you go to places
• 1:40:47
  Speaker 3: like Atlanta, you just travel around and it's I don't know, man,
• 1:40:52
  Speaker 3: New York City is it's vastly becoming overrated. It hurts
• 1:40:58
  Speaker 3: my heart to say that, really hurts my heart to
• 1:41:00
  Speaker 3: say that. But it's it's it's I think it's I
• 1:41:03
  Speaker 3: think it's true.
• 1:41:05
  Speaker 2: I appreciate that you said that. It's it's it's it's
• 1:41:08
  Speaker 2: challenging times for our city, man. But hopefully we'll we're
• 1:41:11
  Speaker 2: covering hopefully. Maybe not. I'm just I'm just optimistic. I
• 1:41:17
  Speaker 2: wouln't be optimistic about it.
• 1:41:19
  Speaker 3: Uh, head to Atlanta.
• 1:41:23
  Speaker 2: Jerome, Jerome, I mute yourself. You've been unmuted. What's going on?
• 1:41:28
  Speaker 5: Yo?
• 1:41:28
  Speaker 12: What up?
• 1:41:28
  Speaker 5: What up? What up?
• 1:41:29
  Speaker 13: Man?
• 1:41:29
  Speaker 2: What's going on?
• 1:41:32
  Speaker 14: I guess my question is branched off of some of
• 1:41:34
  Speaker 14: the things that have been answered already. But Chris you
• 1:41:38
  Speaker 14: talked about earlier in your slides. Well, first of all,
• 1:41:42
  Speaker 14: you know, buying back the block you always when you
• 1:41:44
  Speaker 14: come from you know, lower income black neighborhoods, that's always
• 1:41:48
  Speaker 14: the dream you and your homeboys like, Yo, you know
• 1:41:50
  Speaker 14: what I mean, I'm a buy back to block on
• 1:41:51
  Speaker 14: by this. Well, I guess in my case, I got
• 1:41:55
  Speaker 14: I got some of my homeboys.
• 1:41:56
  Speaker 21: We all kind of got a financial background of some sorts.
• 1:42:00
  Speaker 5: But we're new to this.
• 1:42:01
  Speaker 14: And I know you said that don't all come in
• 1:42:04
  Speaker 14: as rookies as novice. So I guess my question is
• 1:42:08
  Speaker 14: where would you start to find someone who understands these
• 1:42:11
  Speaker 14: contracts where you like, yo, you know what I mean,
• 1:42:13
  Speaker 14: I'm a I'm a put down this amount, but you
• 1:42:16
  Speaker 14: can become a partner or you know, like I'm a
• 1:42:19
  Speaker 14: seller finance.
• 1:42:20
  Speaker 21: So how do I find outside of just networking?
• 1:42:23
  Speaker 14: Because I know Troy and Rashada was like they found
• 1:42:27
  Speaker 14: somebody in Cleveland that they can trust.
• 1:42:29
  Speaker 21: So one is trust and two.
• 1:42:31
  Speaker 5: Do you go look?
• 1:42:32
  Speaker 14: I mean, do you look for a professional? I guess
• 1:42:34
  Speaker 14: this is a big question, but do you look for
• 1:42:36
  Speaker 14: a professional? How do you find somebody to join your
• 1:42:39
  Speaker 14: group that not only you trust, but has that knowledge
• 1:42:42
  Speaker 14: of not just book knowledge, but knowledge. Just say, all right,
• 1:42:45
  Speaker 14: when this happens, this, you know this, this like that's
• 1:42:48
  Speaker 14: I guess that's my question, if that makes any sense.
• 1:42:50
  Speaker 5: So where are you located?
• 1:42:53
  Speaker 21: So I'm located in Virginia right now.
• 1:42:55
  Speaker 14: I live in northern Virginia, but I'm from southern Virginia, Hampton,
• 1:43:00
  Speaker 14: like in the Hampton University area, if you know, if
• 1:43:02
  Speaker 14: you're familiar with that, Norfolk State, some HBCUs in the area.
• 1:43:07
  Speaker 21: But it's a lot of areas black areas Newport News, Norfolk, Portsmouth.
• 1:43:12
  Speaker 14: That are on the verge of I would say gentrification,
• 1:43:17
  Speaker 14: but they not quite there yet.
• 1:43:18
  Speaker 21: And we're trying to get active in the market.
• 1:43:20
  Speaker 14: But you know, we don't have that that that that game,
• 1:43:23
  Speaker 14: that real game, not just open up a book game.
• 1:43:26
  Speaker 14: But like you said, you you know all the ins
• 1:43:28
  Speaker 14: and outs, and we're just trying to look for something
• 1:43:30
  Speaker 14: like that.
• 1:43:31
  Speaker 13: Man.
• 1:43:31
  Speaker 5: So I would say, once again, just trying to find
• 1:43:34
  Speaker 5: local mentors and not necessarily, not necessarily somebody to invest
• 1:43:39
  Speaker 5: with you, but maybe you have to just pay somebody
• 1:43:41
  Speaker 5: for the knowledge for the time, you know, just to
• 1:43:44
  Speaker 5: get into it. But you know, I got a platform
• 1:43:47
  Speaker 5: called learn from Chris dot com. You can go in
• 1:43:49
  Speaker 5: there and they'll give you a lot of the basic
• 1:43:50
  Speaker 5: information and then that'll put you in a position if
• 1:43:53
  Speaker 5: you want to go talk to somebody locally, because sometimes
• 1:43:55
  Speaker 5: active investors don't want to deal with people that they
• 1:43:58
  Speaker 5: can tell are completely green, you know, So if you
• 1:44:02
  Speaker 5: can go in there and get yourself acclimated some things.
• 1:44:04
  Speaker 5: Go to YouTube. There's a lot of stuff on there,
• 1:44:07
  Speaker 5: and I'm not trying to be cliche, but I'm saying, like,
• 1:44:10
  Speaker 5: try to get yourself as educated as possible so that
• 1:44:12
  Speaker 5: when you get in front of these people you can
• 1:44:13
  Speaker 5: have an intelligent conversation with them about what you're trying
• 1:44:15
  Speaker 5: to do. And man, Virginia has a lot a lot
• 1:44:19
  Speaker 5: of investors. I mean, you could between Instagram, I know,
• 1:44:22
  Speaker 5: I know several between Instagram and Facebook that might be
• 1:44:25
  Speaker 5: able to help you. You can also look up local meetups,
• 1:44:29
  Speaker 5: you know, just type in whatever nearest big city to
• 1:44:31
  Speaker 5: you and investment meetups and that'll bring you to some
• 1:44:35
  Speaker 5: some groups that may have somebody's willing to work with you.
• 1:44:37
  Speaker 5: But man, networking between social media platforms like Earn your
• 1:44:41
  Speaker 5: Leisure and and uh yeah, just the Facebook groups. Man,
• 1:44:48
  Speaker 5: I'm pretty sure you can find somebody if if you
• 1:44:50
  Speaker 5: all looking.
• 1:44:50
  Speaker 3: And like I said, we're gonna we're going through that
• 1:44:52
  Speaker 3: on our Facebook.
• 1:44:54
  Speaker 2: Yeah, Chris, I'm gonna take a quote and Jerome you
• 1:44:56
  Speaker 2: can you can use this quote and apply it.
• 1:44:57
  Speaker 3: Man.
• 1:44:57
  Speaker 2: I took this right from your page. I was like,
• 1:44:59
  Speaker 2: this is dope. You said there's three things you need
• 1:45:01
  Speaker 2: to be successful. The knowledge, the opportunity, the money. One
• 1:45:04
  Speaker 2: you can control. The two y'all gotta find that's it.
• 1:45:07
  Speaker 2: So take that with you, Jerome, Knowledge, opportunity, money one
• 1:45:11
  Speaker 2: you control too. You gotta go find my man, appreciate you.
• 1:45:14
  Speaker 3: Sure when you see me running through Atlanta in La
• 1:45:19
  Speaker 3: Los Angeles, Houston, Texas and these things La too. It's
• 1:45:24
  Speaker 3: a great cloud over New York right now.
• 1:45:26
  Speaker 2: I've seen b Rude put your Headlanta Headquarters all the
• 1:45:29
  Speaker 2: way e y.
• 1:45:30
  Speaker 3: Lanta Headquarters is already it's already up and running. But
• 1:45:32
  Speaker 3: we already said that we're re ramping it. We Yeah,
• 1:45:35
  Speaker 3: we got be Rue. We got to meet up somewhere.
• 1:45:37
  Speaker 5: Man.
• 1:45:37
  Speaker 2: I know you in DC, but when we're Atlanta, you
• 1:45:39
  Speaker 2: gotta come come check us out.
• 1:45:40
  Speaker 3: Shout out to d C. Shout out to PG County. Shot.
• 1:45:43
  Speaker 3: The earth is big though. That's why I know, shout
• 1:45:45
  Speaker 3: out to New York. It's New York forever. But I
• 1:45:47
  Speaker 3: just say that halfway joking, only halfway. But the earth
• 1:45:51
  Speaker 3: is big though. We can't just be stuck in our neighborhood.
• 1:45:53
  Speaker 3: It's just like if something is too out of expensive
• 1:45:55
  Speaker 3: or something is just you know, never be afraid to expand,
• 1:45:58
  Speaker 3: like you know, this is this is this is a
• 1:46:01
  Speaker 3: large earth that we live in, even out of the country,
• 1:46:03
  Speaker 3: Like you know what I mean, Like there's no there's
• 1:46:05
  Speaker 3: no limits to anything that we do in life. And
• 1:46:07
  Speaker 3: we put we put geographic limits on ourselves because where
• 1:46:09
  Speaker 3: we're from, the neighborhoods that we grew up in in
• 1:46:11
  Speaker 3: our family. But you never know, you might be pleasantly
• 1:46:14
  Speaker 3: surprised when you start to travel and you see different
• 1:46:16
  Speaker 3: areas and it's different opportunities, and it's different cultures and
• 1:46:19
  Speaker 3: different people and they have different dialects. So you know, me,
• 1:46:23
  Speaker 3: I love to travel Troy, Troy gonna be here forever.
• 1:46:25
  Speaker 2: But I love York. But our wise man told me.
• 1:46:28
  Speaker 2: This man he said this to us the other day.
• 1:46:30
  Speaker 2: He said, go where you're celebrated.
• 1:46:31
  Speaker 3: That's a fact too.
• 1:46:32
  Speaker 2: Go where you're celebrated.
• 1:46:33
  Speaker 14: Man.
• 1:46:34
  Speaker 3: I was like, oh, well, we're always gonna be celebrated
• 1:46:36
  Speaker 3: in New York, Brooklyn.
• 1:46:37
  Speaker 2: Shot you celebrate. I was like, that's powerful. Natalie, what's up?
• 1:46:41
  Speaker 2: I'm yourself. You've been unmuted. Has been on point today
• 1:46:47
  Speaker 2: on Natalie. Right when I say that, you know how
• 1:46:49
  Speaker 2: his work ain't no frish breaks. So Natalie, we gotta
• 1:46:53
  Speaker 2: move on. We gotta move on. Uh, let's go to Samantha. Samantha,
• 1:46:56
  Speaker 2: we I'm muting you. I'mute yourself. Hello, there we go.
• 1:47:02
  Speaker 2: Let's keep this thing rolling. Samantha, thank you.
• 1:47:05
  Speaker 4: I got thig so good evening, everyone, Good evening. Shout
• 1:47:14
  Speaker 4: out to the earners and my cousins that are listening.
• 1:47:16
  Speaker 4: I sent this to them. We have started our own
• 1:47:20
  Speaker 4: investment group. Our overall goal, or one of our overall goals,
• 1:47:25
  Speaker 4: would be to do this in Jamaica because our families
• 1:47:27
  Speaker 4: from there, our parents are from Saint Anne, and but
• 1:47:31
  Speaker 4: you know we have to start small.
• 1:47:33
  Speaker 2: Yeah yeah, I'm with that. Shout out to Jamaica.
• 1:47:36
  Speaker 4: So my question is how did you structure the business?
• 1:47:42
  Speaker 4: Did you do it on your own? And then do
• 1:47:44
  Speaker 4: like a joint venture with other people or did you
• 1:47:48
  Speaker 4: all create your own business?
• 1:47:50
  Speaker 5: How did that work? Yeah, that's a great question. So
• 1:47:53
  Speaker 5: each project I do has its own individual entity, so
• 1:47:56
  Speaker 5: its own individual LLC, and that LLC owns the project,
• 1:48:01
  Speaker 5: and so there's several ways you can structure from there.
• 1:48:04
  Speaker 5: It depends on who is playing what role. So if
• 1:48:08
  Speaker 5: you're bringing on other investors, some of them may want
• 1:48:11
  Speaker 5: to be a member of your LLC, some of them
• 1:48:14
  Speaker 5: want to joint venture where your two LLCs work together
• 1:48:19
  Speaker 5: some of you. Some of them may want if they
• 1:48:21
  Speaker 5: just want to be passive investors, you may have to
• 1:48:23
  Speaker 5: structure something where they are in a limited partnership with you,
• 1:48:27
  Speaker 5: where you are the general partner that makes decisions and
• 1:48:30
  Speaker 5: they are like a passive limited partner that may get
• 1:48:33
  Speaker 5: the first returns out of the deal. So it varies greatly.
• 1:48:38
  Speaker 5: It really depends on the scope of the project you're
• 1:48:41
  Speaker 5: trying to do. I mean, there's nothing wrong with all
• 1:48:44
  Speaker 5: y'all just putting together and doing one LLC if that's
• 1:48:47
  Speaker 5: what you want for the first project. Of course, this
• 1:48:51
  Speaker 5: is not legal advice. You always just see legal counsel.
• 1:48:56
  Speaker 5: But yeah, so, like I said, each project I do
• 1:48:58
  Speaker 5: is different structure a little different?
• 1:49:04
  Speaker 3: No, that was that was That was a great question, Samantha.
• 1:49:06
  Speaker 2: Appreciate you.
• 1:49:07
  Speaker 3: Let's go to one more. Let's go to one more.
• 1:49:09
  Speaker 2: And I see that Shannon is telling you the contact her.
• 1:49:12
  Speaker 2: So here, Shannon up, she's in the chat here, Shannon.
• 1:49:15
  Speaker 2: Shout out to Shannon.
• 1:49:16
  Speaker 3: Let's get one more.
• 1:49:17
  Speaker 2: Let's see. Let's see this is a we haven't seen
• 1:49:19
  Speaker 2: this name before. We haven't seen this name before. Ashley.
• 1:49:22
  Speaker 2: We're coming to you, Ashley, what's going on? I'm mute yourself.
• 1:49:25
  Speaker 2: You've been unmuted?
• 1:49:26
  Speaker 11: What okay?
• 1:49:27
  Speaker 8: Sorry, I'm so excited because that part.
• 1:49:31
  Speaker 3: Sorry.
• 1:49:33
  Speaker 8: I appreciate y'all for allowing me to speak and ask questions. Chris,
• 1:49:39
  Speaker 8: I want to thank you for what you're doing for
• 1:49:41
  Speaker 8: the city of Houston. I'm originally from Houston. My dad
• 1:49:45
  Speaker 8: was born and raised in fifth Ward, Great a really
• 1:49:49
  Speaker 8: special place in my heart. My major was urban planning.
• 1:49:52
  Speaker 8: I went to Brown University. I'm a little nervous, I'm sorry.
• 1:49:56
  Speaker 8: With to Brown University, studied urban planning, came back home
• 1:49:59
  Speaker 8: and like, man, I see this happening, Like I could
• 1:50:03
  Speaker 8: tell all the things that you've been talking about.
• 1:50:06
  Speaker 11: When you see stuff like infrastructure coming to.
• 1:50:11
  Speaker 8: A place, like you said, sidewalks even down to bus
• 1:50:17
  Speaker 8: buses or light rails coming into a community that were
• 1:50:20
  Speaker 8: never there before.
• 1:50:21
  Speaker 11: That's another marker.
• 1:50:22
  Speaker 8: And I just started seeing this like, man, when are
• 1:50:26
  Speaker 8: we gonna all get on the same page? And to
• 1:50:28
  Speaker 8: see you do it? I moved away from Houston. Unfortunately
• 1:50:31
  Speaker 8: I didn't have the opportunity to invest. I mean I
• 1:50:34
  Speaker 8: will now and I have the tools and I've been
• 1:50:37
  Speaker 8: learning these last few years. But I left Houston because
• 1:50:41
  Speaker 8: a lot of people weren't willing to give me the
• 1:50:43
  Speaker 8: opportunity to work in urban planning and real estate development
• 1:50:47
  Speaker 8: because I didn't have the experience. I just had the knowledge,
• 1:50:50
  Speaker 8: and I came to LA and I come back to
• 1:50:54
  Speaker 8: Houston and I just see it, like every month I've
• 1:50:56
  Speaker 8: been coming back for the last three months, and like
• 1:50:58
  Speaker 8: it's happening. I've been telling people and you know, Paul
• 1:51:02
  Speaker 8: revereing it like, hey, gri grification is coming, Like you know,
• 1:51:07
  Speaker 8: these people are moving in here with you know, their privilege,
• 1:51:12
  Speaker 8: but they don't have you know, the roots here.
• 1:51:15
  Speaker 11: They're there for the capitalist opportunities.
• 1:51:18
  Speaker 8: And my one reason why I raised my hand, had
• 1:51:21
  Speaker 8: no idea they were gonna call me, but I wanted
• 1:51:24
  Speaker 8: to thank you personally, even if it's via zoom. I
• 1:51:29
  Speaker 8: appreciate what you're doing and sparking even the thought because unfortunately,
• 1:51:35
  Speaker 8: the reason why I moved from Houston too is a
• 1:51:37
  Speaker 8: lot of people were so driven on being corporate, corporate,
• 1:51:41
  Speaker 8: corporate only and we see something like COVID happening where
• 1:51:45
  Speaker 8: the rug is pulled out from everybody and you know,
• 1:51:48
  Speaker 8: either you had that mindset of pivoting or now you're
• 1:51:52
  Speaker 8: fumbling to get there. And the platform like ey L
• 1:51:56
  Speaker 8: is helping, you know, people all over the globe to
• 1:51:59
  Speaker 8: really learn how to pivot.
• 1:52:01
  Speaker 11: And I appreciate you guys.
• 1:52:02
  Speaker 8: I'm I'm an earn I've been an earnest since March,
• 1:52:05
  Speaker 8: and I've been telling people like, hey, you you need
• 1:52:09
  Speaker 8: to get with I mean, I appreciate y'all putting it
• 1:52:11
  Speaker 8: on YouTube, but getting in the community is totally different.
• 1:52:14
  Speaker 8: Like you mentioned, when you talk to a stranger and
• 1:52:17
  Speaker 8: they're believing in you and and giving you resources, you
• 1:52:21
  Speaker 8: have to be able to tap into that.
• 1:52:23
  Speaker 11: So my haning what was due. I mean, luckily I.
• 1:52:27
  Speaker 8: Did it early, so you know, you always reward the
• 1:52:30
  Speaker 8: people that adopt early, and I appreciate you, guys, but
• 1:52:33
  Speaker 8: you know it's still valuable at the price that it
• 1:52:35
  Speaker 8: is now. Chris, I will ask as I'll get to
• 1:52:41
  Speaker 8: my question. I'm sorry for I'm trying to I'm trying
• 1:52:45
  Speaker 8: to get thank y'all. But being in another city, do
• 1:52:53
  Speaker 8: you think it's feasible? I because I have some of
• 1:52:57
  Speaker 8: the knowledge I have, I see it and this is
• 1:53:00
  Speaker 8: happening in every city in the country, you guys, So
• 1:53:02
  Speaker 8: wherever you are, you you can tap in. But do
• 1:53:06
  Speaker 8: you feel it's possible to be an investor from long
• 1:53:09
  Speaker 8: distance or.
• 1:53:10
  Speaker 11: Do you feel like you need to be in that
• 1:53:13
  Speaker 11: specific city.
• 1:53:13
  Speaker 8: I mean, la Is prices are going down because so
• 1:53:17
  Speaker 8: many people moved, so the demand is not there. But
• 1:53:21
  Speaker 8: you know, say, for instance like a Arizona or Nevada.
• 1:53:24
  Speaker 11: I don't live.
• 1:53:24
  Speaker 8: There, but I can tell that those cities, the cities there,
• 1:53:27
  Speaker 8: are gonna gonna be moving into a redevelopment phase soon.
• 1:53:32
  Speaker 11: So what is your advice on that.
• 1:53:35
  Speaker 5: You can definitely invest anywhere in the country. I mean,
• 1:53:38
  Speaker 5: it's all about having a team in place, right. It's
• 1:53:40
  Speaker 5: no different than investing in a stock. But you don't
• 1:53:42
  Speaker 5: know where the headquarters is. You don't know where the
• 1:53:44
  Speaker 5: CEO is, you don't know where the factory is. You
• 1:53:46
  Speaker 5: just have to have the right systems and the right
• 1:53:48
  Speaker 5: team around you. So whatever city you're going to, you're
• 1:53:50
  Speaker 5: gonna need a good realtor, a good property manager, a
• 1:53:53
  Speaker 5: good contractor, and somebody that can manage them, you know,
• 1:53:58
  Speaker 5: and or you have to have good open communication with them,
• 1:54:01
  Speaker 5: or you know, local investors that you partner with. That's
• 1:54:02
  Speaker 5: probably the easiest way to get into a new market
• 1:54:05
  Speaker 5: instead of trying to do it on your own. So yeah,
• 1:54:07
  Speaker 5: it's definitely possible. I know, I know some friends that
• 1:54:10
  Speaker 5: only invest out of town. They don't even invest in
• 1:54:11
  Speaker 5: the city they live in. So it's definitely practical.
• 1:54:15
  Speaker 2: Appreciate you.
• 1:54:16
  Speaker 3: Appreciate your thank you, ladies and gentlemen. Chris. They said
• 1:54:20
  Speaker 3: that you look tired. Man. Hustlers don't sleep.
• 1:54:25
  Speaker 2: Man, I'm telling you. They they say, Troy, you suspended
• 1:54:28
  Speaker 2: all guidelines to man. I gotta get used to Wednesday.
• 1:54:35
  Speaker 3: Now, Chris, Man, I really really, really really appreciate it.
• 1:54:37
  Speaker 3: We're going to go into some more stuff with Chris,
• 1:54:40
  Speaker 3: but before before we wrap, I want to give Chris
• 1:54:42
  Speaker 3: the last word. But before we finish, once again, if
• 1:54:45
  Speaker 3: anybody has just joined at this point in time. This
• 1:54:48
  Speaker 3: was just a you know, open house of what we
• 1:54:51
  Speaker 3: do once a month for Eyo University. If you're interested
• 1:54:54
  Speaker 3: in joining Eyo University. We have a Facebook group, we
• 1:54:56
  Speaker 3: have a book club, movie club, We do bi weekly
• 1:54:59
  Speaker 3: real estate called the Mortgage Guy. We do. We do
• 1:55:01
  Speaker 3: these type of classes every single week, every Wednesday. And
• 1:55:04
  Speaker 3: there's archives, like over seventy five archive classes. So as
• 1:55:07
  Speaker 3: soon as you join, you have access to all of
• 1:55:08
  Speaker 3: that stuff and everything from disability insurance to how to
• 1:55:11
  Speaker 3: buy a car, to host the real estate wholesaling, everything.
• 1:55:15
  Speaker 2: New orientation for new earners, accountability, try it.
• 1:55:19
  Speaker 3: What date is the orientation?
• 1:55:20
  Speaker 2: There's going to be November fourteenth. If I'm not mistaken,
• 1:55:24
  Speaker 2: I could be ye, November fourteen.
• 1:55:26
  Speaker 3: November fourteenth at one o'clock. We have November twenty first
• 1:55:31
  Speaker 3: we have orientation. We treating this like it's a real university,
• 1:55:33
  Speaker 3: so like you know when you go to school and
• 1:55:36
  Speaker 3: you have freshmen orientation. So you know, we have a
• 1:55:39
  Speaker 3: lot of different spots. We got we got our Facebook group,
• 1:55:41
  Speaker 3: we got the website, so it might be kind of
• 1:55:43
  Speaker 3: hard for people to navigate. So we got orientation on
• 1:55:46
  Speaker 3: the twenty first, and yeah, man, this is this is
• 1:55:49
  Speaker 3: definitely gonna be the biggest, the biggest educational platform in existence.
• 1:55:53
  Speaker 3: And twenty four hours and twenty four hours, the price
• 1:55:56
  Speaker 3: goes up. So if you're interested in joining, the link
• 1:55:58
  Speaker 3: is in only the link, the only discount link is
• 1:56:02
  Speaker 3: in YouTube because uh, we didn't want to do a
• 1:56:05
  Speaker 3: cold because there's issues with the cold. So just hit
• 1:56:08
  Speaker 3: the hit the link in YouTube. It's pinned. I'll put
• 1:56:10
  Speaker 3: it in the comments section again. And yeah, man, if
• 1:56:14
  Speaker 3: you're interested in joining, it's only up from here. It's
• 1:56:16
  Speaker 3: only up from here. But Chris, I want to give
• 1:56:19
  Speaker 3: you the final word because I mean, we're going to
• 1:56:21
  Speaker 3: be doing some more stuff together. I don't know if
• 1:56:23
  Speaker 3: you're ready to talk about that or not yet.
• 1:56:24
  Speaker 5: But yout it.
• 1:56:28
  Speaker 3: You know, yeah, e y L E y L Podcast Network.
• 1:56:32
  Speaker 3: You obviously know that. You know, the people know we
• 1:56:34
  Speaker 3: have a strong track record with our our show, our
• 1:56:38
  Speaker 3: podcast and market Mondays. We said earlier, like in March,
• 1:56:42
  Speaker 3: like we want to we want to work with other
• 1:56:44
  Speaker 3: creatives and other entrepreneurs and different people to kind of,
• 1:56:47
  Speaker 3: you know, help them out as far as their journey
• 1:56:50
  Speaker 3: in podcasting and market Mondays was our first experiment and
• 1:56:55
  Speaker 3: that was wildly successful experiment. So now we we we
• 1:57:00
  Speaker 3: got a long list of other people that we're gonna
• 1:57:04
  Speaker 3: bring on the label. And Chris, Chris hit me up, man,
• 1:57:08
  Speaker 3: so I think, yeah, we're gonna we're gonna work on
• 1:57:12
  Speaker 3: that podcast.
• 1:57:12
  Speaker 4: Man.
• 1:57:14
  Speaker 5: It's long overdue for me. Man, I just didn't have
• 1:57:16
  Speaker 5: the capacity to do it on my own. So it's
• 1:57:18
  Speaker 5: an honor to partner with the number one.
• 1:57:25
  Speaker 3: And and and this just just this just goes to show, like,
• 1:57:28
  Speaker 3: you know, we're working together. You know young black entrepreneurs.
• 1:57:32
  Speaker 3: Christ is in real estate, we're in the media space,
• 1:57:35
  Speaker 3: and he recognized that we can we can bring some
• 1:57:37
  Speaker 3: value to him, he can bring some value to us.
• 1:57:40
  Speaker 3: So instead of us working apart, we're much stronger if
• 1:57:43
  Speaker 3: if we come together. And if you know, all of
• 1:57:46
  Speaker 3: these big corporations can have podcast networks. I can't. Why
• 1:57:49
  Speaker 3: can't you, y, I'll have a podcast network and all
• 1:57:52
  Speaker 3: of the relationships that we built and build it out
• 1:57:54
  Speaker 3: from there. So yeah, you heard it first. You heard
• 1:57:57
  Speaker 3: it first, ladies and gentlemen, this.
• 1:57:59
  Speaker 2: Is breaking news alert. Look, look we got so we
• 1:58:02
  Speaker 2: got a couple more breaking news letters that we're going
• 1:58:04
  Speaker 2: We ain't ready to announce him. Yeah, but trust me,
• 1:58:06
  Speaker 2: the label growing.
• 1:58:06
  Speaker 3: Oh no, it's gonna be like Roeller. It's gonna be
• 1:58:10
  Speaker 3: like Rock in the early label growing.
• 1:58:14
  Speaker 2: Yeah, expeditionous.
• 1:58:19
  Speaker 3: But how can they? How can they? Your crowdfund? You
• 1:58:21
  Speaker 3: said your crowdfund is full, but talk about that as
• 1:58:25
  Speaker 3: far as like, are you going to open up a
• 1:58:26
  Speaker 3: new crowdfund? What's your plans as far as your development, like,
• 1:58:29
  Speaker 3: let the people know how they can follow you, all
• 1:58:31
  Speaker 3: the information that you you know you have to give
• 1:58:33
  Speaker 3: to the people. Yeah.
• 1:58:34
  Speaker 5: Man, so right now, I'm I'm actively looked at a
• 1:58:37
  Speaker 5: few different projects that I may use for the next crowdfund.
• 1:58:40
  Speaker 5: I have not figured it out yet, but as soon
• 1:58:42
  Speaker 5: as I do, everybody will know and Euyo probably the
• 1:58:45
  Speaker 5: first ones to know about it. Yeah, so just stay
• 1:58:49
  Speaker 5: tuned for that. I can technically, you're going to do
• 1:58:51
  Speaker 5: one a year if if you hit the max. So uh,
• 1:58:53
  Speaker 5: actually in the November, I'll be able to start putting
• 1:58:56
  Speaker 5: another one together. Yeah. So if you want to follow me,
• 1:58:59
  Speaker 5: just understand investor on Instagram. I have a YouTube channel.
• 1:59:04
  Speaker 5: Like I said, if you want to learn more about
• 1:59:07
  Speaker 5: real estate investing specifically, you can go to learn from
• 1:59:10
  Speaker 5: Chris dot Com I have actually have a free guide
• 1:59:12
  Speaker 5: on five strategies where you can invest passively. So for
• 1:59:14
  Speaker 5: the busy people that don't have time and don't want
• 1:59:17
  Speaker 5: to be active wholesalers or flippers, I got five strategies
• 1:59:20
  Speaker 5: that I can that I'm showing you how you can
• 1:59:22
  Speaker 5: truly invest passively and still make money. Yeah. So, and
• 1:59:26
  Speaker 5: that that also leads into a membership group where I'm
• 1:59:29
  Speaker 5: probably one of the only instructors online that has courses
• 1:59:34
  Speaker 5: that's actually talking about gentrification, talking about crowdfunding and all
• 1:59:37
  Speaker 5: those things inside the platform as well. So, yeah, man,
• 1:59:40
  Speaker 5: learn from Chris dot Com investor on Instagram. That's pretty
• 1:59:44
  Speaker 5: much it.
• 1:59:45
  Speaker 3: There you have it, But investor is underscore. I n
• 1:59:51
  Speaker 3: V as t R. Yeah.
• 1:59:53
  Speaker 5: Yeah, the only vowel is the I.
• 1:59:57
  Speaker 13: Are.
• 1:59:58
  Speaker 5: You Just go to the earn your Leisure page and
• 1:59:59
  Speaker 5: click click my Yeah.
• 2:00:01
  Speaker 3: We put his Instagram in the description of this video
• 2:00:04
  Speaker 3: as well. The fact you definitely should follow Chris on
• 2:00:07
  Speaker 3: Instagram a lot a lot of gyms.
• 2:00:08
  Speaker 2: Yeah legend. That's why I said. We don't throw around
• 2:00:10
  Speaker 2: the word legend a lot, but this guy definitely is
• 2:00:12
  Speaker 2: one man. So shout out to Houston to the third World,
• 2:00:14
  Speaker 2: third Ward, fifth Ward. Shout to Beyonce, I you parking
• 2:00:21
  Speaker 2: joint drove tomorrow too, so be on on Friday. Look
• 2:00:23
  Speaker 2: on the lookout.
• 2:00:25
  Speaker 3: Shout shout of Dallas, Texas too. I was out there
• 2:00:27
  Speaker 3: for the first time, my first time in Dallas and
• 2:00:30
  Speaker 3: that's a dope city too. Now we just got to
• 2:00:32
  Speaker 3: go to Austin. We got going to Austin, Texas. But
• 2:00:35
  Speaker 3: shout out to the whole state of Texas. Don't mess
• 2:00:38
  Speaker 3: with Texas, man. Everything is is what is it?
• 2:00:41
  Speaker 5: Everything Texas in Texas? There you go.
• 2:00:44
  Speaker 3: Yeah, you know they're having a tough time right now
• 2:00:47
  Speaker 3: with the sports teams. But so good, right, so good man.
• 2:00:52
  Speaker 3: But now, Chris Brother, I appreciate you, love, I appreciate you. Yeah,
• 2:00:57
  Speaker 3: So stay safe. Man, will be in contact, and everybody
• 2:01:02
  Speaker 3: thank you for joining us. This video will be saved
• 2:01:05
  Speaker 3: on YouTube, so you can go back and watch it
• 2:01:06
  Speaker 3: if you if you missed a part of it, and
• 2:01:09
  Speaker 3: tell everybody about Chris, and tell everybody about all of
• 2:01:11
  Speaker 3: the great work that he's doing. And hopefully you got
• 2:01:13
  Speaker 3: some information that you can actually use and replicate in
• 2:01:16
  Speaker 3: your part of the world. That's what this is all about.
• 2:01:18
  Speaker 3: Each one teach one. So all right you have let's
• 2:01:22
  Speaker 3: go say what's see you next week?
• 2:01:25
  Speaker 15: All right?
• 2:01:25
  Speaker 2: Shall yo? Go call somebody? Man, go call somebody. Reach out.
• 2:01:29
  Speaker 2: One test can change a lifetime or change somebody's life.
• 2:01:32
  Speaker 2: One call can change somebody's life. Make sure y'all do that.
• 2:01:34
  Speaker 2: Go to your contact list now. Just reach out to
• 2:01:36
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