DJ Envy & Flipping NJ talk about Real Estate, & Investing

the big show the biggest we here earners is here tube is here we got some surprises here let's do it man no sound i cut this handle i was muted i'm good i'm good i'm good out there i think we was muted yeah we got out there that's how we get out there all right what's going on y'all greetings and salutations welcome back to another glorious market mondays the biggest investment show in the world we're calling this the boardroom edition yeah for sure you know we always we always got to switch it up we always got to give you something that you know over and above over and above man we talk about so many different topics on market mondays but one of the topics that we haven't really covered in detail a little bit here and there but i in detail is real estate you can't talk about investing without talking about real estate i love the stock market but um you know real estate is something that is here forever it's been around way before the stock market and um it's tangible here they're not make well i was gonna say they're not making any more land but that's not true because in dubai i saw that in dubai oh yeah yeah they got something like that going on out there yeah remember uh dingody he was building the land so that he could have his uh manufacturing being built so he actually made the land okay yeah yeah um all right so yeah let's get into it we ain't gonna waste any time because we got a jam-packed episode today so first and foremost um shout out to all of the earners all over the world for pushing pushing earn your leisure to to number one on the charts man that's a huge that's a humongous accomplishment we've been waiting for that for a long time so we are officially we always knew we was the biggest platform but we are officially the biggest in the game and um not to sneeze that market mondays is number 20. there's 10 000 business podcasts don't let that go over yet no not that yeah yeah we got we got number 120 dave shans is number 50 ash cash is number 55 and we got a few more on the way yeah we got four shows in the top 55 we're running running this this game like death row records back in the 90s the new death row that's a fact so um shout out to all you guys man we greatly appreciate all your support or your love um hey shout out to everybody that tuned in to that breakfast club interview too yeah for sure i showed a lot of love shout out to uh the whole team over there shout out to charlemagne shout out to uh everybody at black effect shout out to all of the good folks at our heart man we appreciate you um so this week's a big week for earn your leisure not only are we gonna have a legendary episode today we're marking mondays we have tomorrow gary vaynerchuk two years in the making yeah garyvee the legend himself is gonna be on tomorrow so make sure you check that out five o'clock eastern standard time youtube all podcast outlets big big big one and then wednesday wednesday uh we have open enrollment for on youtube we got my man justin owens coming on to talk about cryptocurrency how to get started in crypto so this is for everybody that has questions about bitcoin ethereum litecoin dogecoin yeah um internationally we're gonna have we're gonna have a whole class yeah a whole class about cryptocurrency come with your notepads ready come with your pins ready that's at eight o'clock this wednesday on youtube it's perfect timing too i think today um bitcoin officially got its own etf which is like we're gonna have to get into that that's gonna be legendary yeah yeah yeah yeah yeah for sure so uh did they disable the comments remember janet said you gotta type a comment and then maybe the comments will come up while you do that i'm gonna just go go about disclaimer really quickly all right so y'all know how this works every monday we come back to the same point do your own research shout out to everybody that is doing their own research and some people are actually dm'ing too they dm'ing me showing me the research so that that's always love that's what i said you get some information you start applying it to your everyday life our content is intended to be used it must be used for informational purposes only it is very important to do your own analysis before making any investment based on your own personal circumstances you should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise this is a message from the good folks at indonesia and the good brother master investor do your homework please please and please these fake pages please are not us on youtube and instagram and any other platform we're not asking anybody for bitcoin it's not don't we're not wiring like five thousand please if people take the names and they they create fake pages yeah so uh matt's fake page got twelve thousand followers actually i think he i think he fudged those numbers you know matt ran it up for 10 12 000 like y'all got a fake page we know who's behind that uh nah now you got black please please please be careful out here please do not fall for that nonsense uh financial literacy is under attack right now and uh those scammer pages they are wreaking havoc oh my gosh on the vulnerable we had one taken down the next day it was another one please just be mindful in those comments that's not us that's not us we would never ask you to pay us in anything we would never solicit anything from you don't fall for it please in fact just report it to youtube report it and so those pages can get taken down nobody else has to be coerced and doing something that is not us all right please let's do it um all right we have our esteemed guests they're actually with us in the building so uh in we're gonna give you the floor to do your one two thing before we um before we bring the gentleman on so how y'all wanna do yeah i'm gonna do a roller derby i'm gonna just roll out to space oh actually i'm just get out the space and i'm gonna give you the florida [ __ ] youtube how you guys doing [ __ ] let me know if you guys can see my screen and we'll get right to it so we don't waste any time the master investor tech issues this week go make magic happen all right i love you guys so much so number one what i want you guys to do for me if we've provided any valuable content i want you to go rate the podcast so if we get to number one i will give away a thousand scholarships to the stock club with no questions asked i love you guys thank you for the support but i think it's pretty fair to say that i think we want to run a table and go one through four through four that's a fact that's a fact um secondly check out my youtube channel i'll be putting up clips every every day i'll be giving you more depth analysis and prizes will be given each month and then trading after dark will not be tonight it will be again on march 1st um if you want to join the stock club and know where to get in where to get out what companies stay away from have 249 replays and daily call for 20 minutes join us only if you are dedicated but let's get right to it last week we covered where to get in where to get out where to short the market and how to evaluate a company so if you missed the episode go check it out from last week with mark cuban and all of the gyms and scholarships that you want are inside of that episode for the culture but today i want to talk about the third pillar of wealth so um i wish and shout out to my dad he's always preached this message that caesar and envy are gonna go over tonight but that's real estate investing and people don't know that buffett owns a bunch of properties in addition to stocks the thing i want to stress is not one or another is both but before we get to that i want to walk you through the top 10 crypto by market cap so number one write these down you have bitcoin you have ethereum tether ripple polka dot litecoin bitcoin cash cardano binance cash and chain link once again in any industry you want to go with the top four so if you want an easy investment regardless of how big a platform gets lean towards the top four in the market and you'll be safe i want to give seven pieces of advice for traders because i'm seeing a lot of people now starting to blow up their accounts march april and may was easy and now it's getting tougher the ones that can really trade is are really standing out number one please write this down what is your edge when you're actually investing in the market please write in the comments what is your go-to strategy that if your life was on the line that's how you're going to buy and sell if you do not know that it's going to be hard for you to win in this game number two you must have one system that you follow through and through so you can't trade rsi and moving averages and momentum and fibonacci you have to pick one system and ride with that and marry that number three the biggest mistake i see a lot of you making is you are going against a predominant trend you have to go with the predominant trend 90 of the time so if tech is moving to the upside even though we dip today because we're waiting for powell to speak you still need to go with that trend 90 of the time you guys are driving on the right wrong side of the road and wondering why your account keeps getting into crashes you have to cut that out number four stop counter trend trading only 10 percent of your trades should be against that direction please put in chat only 10 of your trades should be counter trends number five choose to trade the way of profitability opposed to the way that you want to trade so we did our last call on saturday uh kudos to my guy i asked him do you want to be profitable or do you want to trade your way and he didn't say the profitable part which told me he wanted to trade it his way a lot of people get in their own damn way instead of listening and doing what is best for them and best for their family lock in on a system that works and only care about the p l number six swing trading will give you pro bigger profits so you should swing twice per month these swing trades should last anywhere from five to 15 days you have to have the money working for you instead of you working for it and number seven your only baseline of achievement that matters is your profitability nothing else matters i don't give a damn how much you know if you're not making money and bringing it home for your family everything else conjecture and a bonus lesson two and a half percent and i know people are getting crazy gains so you're seeing people getting 400 300 that's not normal if you stack up two and a half percent over 27 days that's 67.5 put yes and chat if you like those games but if not enjoy over trading and messing up your account um the three biggest lessons that i learned from paul tudor jones which is considered the michael jordan of the futures market and these rules are very simple but simplicity is often hard to apply number one the most important rule is defense first i don't care if you can make two million dollars in the market some of you made 800 000 last year in the market and gave away 790 of it once you hit your target walk away from the market and know what your goal is number two do not average down your losers so if you got in a game stop and you're mad at me because i told you it was trash it doesn't make sense to buy another thousand shares because you're gonna prove me wrong you have nothing to prove if you have bad players bad investments on your team you have to cut them because those are cancer to your account and number three you have to look for huge opportunities with huge risk to reward scenarios march april we had that when caesar and envy come on they'll tell you about the same thing you want to look in areas in which there's unlimited upside if you have limited upside like if the market the top is at 100 you don't want to buy 93 you have limited room for upside potential lesson number four if my positions are working i keep it if it isn't i cut it please write this down so last year when everyone's hurt's crazy same thing if your positions are losing cut them if they're winning keep adding to your winners next week we will talk about averaging up so when you have a winning player like apple microsoft nvidia amd franklin dynatech all that we called on the show striker crowdstrike you want to keep adding to those like you want to pay jordan iverson kyrie more than you would a player that's the 200th best player in the league and number five the best money is made at market terms so when a market is at an absolute bottom you have to begin practicing catching the bottom of the market and then when we get super oversold we need to start shorting at the top of it when there is a clear bearish signal i came across a book a couple weeks ago a book that was written in 1688 on investing and i thought this was really damn fascinating because the four pieces of advice that was prominent in this book still apply today number one never advise anyone to buy a shell uh sell shares or never listen to any advice uh when uh when someone's talking about stock picking that includes us that's why we say do your research i hope that we've built enough trust over the years but i still want you to go do your own homework number two accept your profits and your regrets so when you're speculating or investing into the market you're going to lose money and you need to be prepared but you need to know what your maximum downside is going to be and what the upside is going to be and make your calculation on if that company is good for you to invest in based off that number three sometimes profit is very high and unfortunately sometimes it is very low you have to be prepared to deal with that financially and emotionally and number four please write this down he who wishes to become rich must have money and must have patience i know everyone wants to take the penny and turn into nine million dollars that's not always the case you can't do that with with foreign just one penny an mt4 i can then become a millionaire magic shallow pair you know so it happens there goes my retirement plan hey um there are 16 meme stocks with at least 100 gains in 2021 i want you to screenshot these and your homework for the week tell me which one of these are still profitable today and i'll be happy to answer that for you next week the three ways to measure your trading performance as jay said men lie women lie numbers don't number one sortino index so before selecting an investment vehicle you have to understand what the adjusted return is not just a simple return so if i can make you 100 return but at one point you're down 99 it's not worth it sortino tells you that number two the ulcer index the greater the value of the ulcer index the longer it takes for a stock to get back to its formal high so if you see a company made a high in 2017 and it's taking forever in 2020 and 2021 the ulster index is going to be higher there and number three my favorite profit factor for every dollar that you put into the market how many are you getting back a simple formula is you want to put in one dollar and get five one dollar and get ten one dollars to get fifty and one dollar to get one hundred but the profit factor is all i need to know if your profit factor is underneath one you're not doing good if it's at five or better you are crushing the market i know we don't talk a lot about dividends but these are three companies you can use to receive dividends every month so if you stack apple nike and mcdonald's even though the dividend is small in january you'll receive something in nike february and apple march mcdonald's and it will continue to rotate so every month you'll end up getting some dividend out of the market as well um next week i'm gonna have one my sister kayla to talk about cardinal and crypto i'm not the crypto expert but um she's been invested in the market so i'm happy for you guys to learn something from her that she's never talked about publicly before and on the tesla everybody's favorite stock even though they dropped the market down today um 648 million of the shares are owned by institutions elon owns 227 million man that boy is rich rich different level um short interest is 52.3 million so for everyone on reddit still we can see what the short interest is retail investors 24 million and eight uh insiders are at eight million shares here's the crazy thing you know talk about hedge of the year elon probably is the most vilified entrepreneur since steve jobs so to hedge he invested in bitcoin the crazy part tesla's made 721 million dollars from selling the actual product the car they're up almost a billion in bitcoin and bitcoin said 930 million two weeks talk about a hell of a hedge to get enough runway to then in four years to be dominated as hell two weeks well played um i want you guys to put in chat yes or no if you want us to start doing daily chart sessions because we've seen a lot of people pop up who do not know what the hell they're talking about so i want to offset that so put yes or no and really quick the 13 reasons why investing in real estate is so is so important and i'll go back and tell you from my perspective my dad has been in construction in real estate my entire life and as a kid i didn't listen so i know some of you may not want to hear it i'm going to tell you it is a mistake because as a kid i'm like i don't want any properties i don't want any rental income i want to flip the money get a benz spin a block and then 15 years later i'm like damn i should have listened i would have 45 doors you know and i was trying to be like john rule or something the first album came out um shout out to the job man yeah we gotta stop doing shots shout out to shout out brother chris gotti chris solid good girl um but this is why it's important it's the same game real estate and investing they're tied together almost 70 percent of us that are black or latino will be classified as liquid asset poor 45.8 percent of our black children under 6 have lived in poverty at some point african americans are 86 percent more likely than whites to be upside down on a mortgage and latinos lost 58 of their wealth during the recession and even when we get into entrepreneurship to think that's going to fix everything the household wealth is higher by 313 in comparison versus non-black entrepreneurs and kudos to the brother claude anderson the part that scares me and him is that by 2053 the average wealth of black americans will be at zero that does not seem like a long time but me being 38 35 years from now is not a long time it's eight presidents and we've had one horrible one that just left if we get a few more of those that number may speed up but what was the greatest economic bomb ever dropped on us that caused this put it in chat if you know and i'll give you a few seconds for my people in l.a and chicago you already know redlining redlining was the 911 of our financial freedom please write that down so redlining with covenants in agreements that banned the sale of homes to certain neighborhoods a student of neighborhoods certain racial groups i.e us so 80 of uh neighborhoods according to a 1937 uh magazine article reported that 80 of the neighborhoods in chicago and los angeles were restricted by these covenants in 1940 and it was the number one factor that eliminated our wealth in this country you often hear me tell my son in the market green means up and red means down but here's the origin of this phrase it comes from redlining and it applies to the stock market if you listen there are hidden codes throughout every business that originate in slavery that we told you about in episode 70 and this is one of them so the maps are color coded to let you know which areas work for us and which ones we're not so the green areas represent demand up and coming neighborhood where more professional men lived that were polished well grown what to do good for society aka not us red were areas of infiltration that had already occurred were more latino and black people would be and these homes and these neighborhoods had a lower value as a result and unfortunately black households have nearly 57 percent of their network tied to the value of their homes while hispanic homeowners carry about 67 of their wealth and as a shared net worth um those that are white have only 41 percent tied to their houses the rest are made up in business real estate investing in the market in life ensuring that we're behind in all of those categories so when i tell you tonight this information is as important as investing they are brother and sister siamese twins that should be paired together because not only are we behind in investing but we are also behind in real estate so i wanted to give you guys some context while these brothers are here tonight uh besides me being a fan of envy back when you know he was screaming over the tapes and desert storm days fire strikes back seriously but the thing i want you guys to take away you have to pair everything there's a holy trinity of freedom business real estate and investing in the market and once you have those three you can actually have freedom i love you guys i love you guys there you have it quiet storm master investor strikes again appreciate that brother yes yes yes shout out to everybody on youtube we're getting off to a great start 7 600 people want to check in don't forget to hit the like button greatly appreciate it um all right so without further ado we have two esteemed guests eyl alumni in the building first and foremost yes yes yes flipping nj aka caesar and of course dj envy and um i mean they really need no introduction if you follow real estate you understand that they've been on the forefront for a number of years now the seminars you know sell out all across the country but um they actually do it in real life they have hundreds of properties um in jersey all over um detroit uh midwest all over and um they're working on school they got a whole they got a whole system going so a lot of the guests that we actually have on the show that you guys are familiar with um working it with the team yeah mortgage guys sabine uh lord of the slums fernando um credit dude yep so um so yeah so we thought that they would be the perfect people to talk about real estate so first and foremost thank you guys for joining us thanks for having us man appreciate it nice to be back episode 33 a legendary one yeah yeah yeah for sure so let's jump right into it um i'm sure we all got some questions so we'll just we'll just you know tag teaming from there so all right we're in 2021 right now and um everything was crazy we're covered right so um what is the frontier like what are you looking at for hot real estate markets in in the year 2021 and in the future it'll it all depends what you're trying to accomplish right when we first started the seminar we were pushing more rental properties right rental properties rental properties but the market has changed right now the market is kind of oversaturated so i think for probably about the next two years is definitely a great time to flip right you buy property under market value add value to it and sell it for more the reason for that is because there's no inventory right with the whole cobin mess it kind of stopped all the foreclosures right so now you don't have that many bank owned properties out there anymore right and we don't even know when those properties are going to hit the market it might be another year another two years then you can evict people in a lot of the markets around the country so now you also have where people are looking for apartments they can't find them either so it's like the perfect storm and then now rates are so low right so i think definitely right now it's great to flip also if you are looking for markets as far as renting um i like chicago um i still you know i like cleveland too i like ohio and uh baltimore that would probably be your best markets where you could kind of do like the bird method kind of like when we started that's what we used to do we used to buy properties forty sixty thousand we have forty fifty now they appraised for two something uh rent them refinance take the money out and buy more property let me let me just ask the following question on that so chicago shout out to everybody in chicago you're looking at like south like the south side neighborhood chicago yes south side where barack is building the library okay right over here right in that area right there by the water that area is washington heights hot well high park high park high park washington i'm thinking something right here it's crazy hot park okay okay yeah so i mean obviously you said the market has changed and i know you guys were accumulating a lot of properties a lot of doors can you talk about what kovit has done for you guys personally well i was scared at first i didn't even see that lie um when covert hit i was nervous you know i didn't know what to expect and you know i'm a i'm a hustler hustler like i'm a hustler like you know what i mean so when kova here i started acquiring businesses you know i bought the water company who we just got in kroger's and city trends out in the midwest and the south so shout out to everybody out there pick up the positivity water so i started picking up companies uh real estate i got nervous caesar didn't get nervous i i put like this i wasn't in the office for a year i didn't go into office for a year every day caesar's in the office buying properties like every com and i'm like nah b i just i just don't i'm nervous because like you know you can't evict people and i think when the governor got on radio and said uh the governor of new jersey and the governor your guy on the radio and on tv it was like you don't have to pay mortgage people was like i ain't got to pay mortgage so you know at one time it was 60 of my tenants they didn't pay wow um 60 60 6-0 um and like i said you know we you know we we work so hard that we make sure we can cover that and that you know we make enough money in real estate where it covers itself so we didn't really i didn't have to worry but it was a scary time because i didn't know what to happen and yeah i was doing flips but i was like i got to make sure all this other stuff comes in too you know i mean and that's what i started doing i just started acquiring companies water companies soda companies businesses more another juice bar like anything i could possibly do to make sure that money's still coming in to the point where i started getting into the trucking business i was like i'm about to buy a couple of trucks because you realize when you know because nobody ever expects a pandemic you can't say pandemi that wasn't like you can't even prepare for it like you know people say prepare for what six months down the line prepare for a year but now you're preparing for something that nobody has ever seen before so it was one of those things that was scary you know i got five kids i got a daughter nyu i got a son and thing you know i got to make sure everything moves and everything happens there is no more shows you know for me djing is the play money that's the money i'm gonna go get a car with that's the money i'm gonna go get a watch and chain and jewelry and clothes like that's the play money and that's the i make an investment if i lose it i lose it that one he stopped so now it was a matter of playing a different game and that's when we got to well let's go more into flipping and it started working money was low and it started started making it where we actually started making more money he never came off of it like he's on that site like it's a pawn like it's pornhub.com whether it's auction.com or hubzu.com and he's buying that's another thing people just think that we got some secret site to get these properties but half the time y'all bidding against him and this [ __ ] will bid excuse my french but like if there's 20 hours he's been on all 20. and he's not and he's not happy until he gets at least 19 of them and you know and he you know he knows what he's doing and and he's able like he's the guru for me like he's somebody i watch and i'll be like god i'm gonna try this like he's the girl he got it he got it down packing he was able to grab it but for for me when the copy first hit i was scared i ain't even gonna front i was nervous you know because i never expected i've never seen nothing like this but this guy right here cool as a fan was still doing good so see i mean you 2008 you had started the journey is that the reason why you were so confident not really nervous because you had seen this something like this before i'm not gonna lie marge i was a little nervous everybody he never told me you're like oh you're like [ __ ] what's good you know what's gonna happen right but he probably i was okay but to be honest with you you know not to like brag or anything but i actually made more money in 2020 than any of my previous years because at that point you know because my main focus is rental properties but also flip so i kind of that at that point i kind of shift my focus so remember i got in the business back in oa09 where [ __ ] hit the fan right so a lot of the properties that i bought back then i was getting properties for 60 80 000. now they're worth 350 to 460. so kind of like what i've been doing and even all of the slums is kind of doing the same thing we've been selling some of our properties that we bought years ago the smaller stuff and then just concentrating on the bigger stuff and then taking that capital and going to a market like a chicago or you know a cleveland right and then i'm in florida flipping properties i'm over the country so actually the better in 2020 than my previous years what percentage are you doing flips versus rental right now right now um nationwide uh in development and you know i'm probably about sixteen hundred units how many houses do you buy a week you know the past battle we'll probably such a real question it's the crazy thing that's what i wanted to tell you how many houses you buy a week know probably a month right let's say a month i'm probably getting about 20 to 40 flips right now how many hours a day are you working all day man i don't stop 16. bro like i wake up at 4 30 5 30 in the morning i'm already looking for deals so cesa i want you to um kind of let's let's backtrack a little bit because people's ah you're buying 40 homes a month but you didn't start like that you started like everybody else you know what i'm saying um started from the bottom shout out to aubrey graham so um let's talk about your process as far as like getting hard money refinancing because like a lot of people that's listening they might not be well nobody probably is at that level that you're at but they have to come up trying to get to that so break it down from fha so from the beginning beginning that's a pretty much fha right it's a first time home buyers program you know um you don't need you don't need a lot of money to start right you know there's only three and a half percent down and that's one of those like you hear matt and a lot of different guys say how house hack right you could get a multi-family property only put down let's say a property for 350 000 you put down let's say 15k right and let's say if it's a three-family home and each apartment is making 1500 right because rental that's probably pretty you know to the point right now in in every market i think even 1500 might be low right that's 4 500 right so let's say you put down 15k when you get a mortgage you don't have to pay the mortgage for the first 60 days right so if you close let's say january 15th you don't have to pay prior you got january to april right so if that we're talking about a property that is just rented you're taking over as the landlord right you're not going to do any work to it right we're not talking about a flip right now so you have 4 500 for the month of march right 4 500 for the month of february and then you have the security deposits right of 4 500 at that point now before you pay your mortgage you already got back thirteen thousand five hundred dollars from your fifteen thousand dollar investment right now rates are so low that on property like this you're probably gonna net a profit of let's say 1500 to 2000 a month by the time you pay your first mortgage taxes and insurance you already got back you're 15k so it's almost 100 financing and then you're taking that 15k and putting on another property that's it and then in six months you could refinance right get rid of the fha get a two family and do the same thing again so you can do it in six not i thought 12. no you you you could refund now there's so many different banks yeah yeah so what i mean is fha yeah so you refinance from the fha to a conventional mortgage you don't have the fha anymore and then use fha again right the only thing is in a perfect world i would tell you our system back in the day was you get a four family then you scale down to a three a two and a one but i'm not gonna lie to anybody it's hard to get four family homes right those are like unicorns it's almost impossible to get so you can go from a three then two or two then to a one and then you you're done at that area now you can go to a different state and do it again we always tell people if if your first time buying a home and you ain't got the money this is the first this is the perfect time to buy it because you get a three family house you live on one floor the upstairs pays your mortgage downstairs is profit you live rent free until you can be able to get out of it and do it again that's that's what i tell us for most people that don't know that's what angela yee did she bought a two-family home brownstone in brooklyn she lived on the main floor she rented out upstairs upstairs paid her mortgage so she was living rent-free she stacked up a bread bought another one did it again bought another one did it again and that's what you should do if you don't got the bread put down the three and a half percent run upstairs downstairs whether it's an attic matter tell you you can't run out of attic okay you can't run out of garage okay that'll tell you you can't run out of basement okay do what you got to do i've never seen the fha police have you met to say yes or no no all right so you know that's that's the way you get around of owning a property and make sure that income stays coming in so from an analytical standpoint when y'all going looking for properties what are the things you're looking at is it school district is it the crime in the neighborhood what are y'all looking at or is it just the property property and comps but it all depends to if you're trying to accomplish right when it comes to really taking advantage of rental properties cash flow to be honest right you're going to have get a bigger bang for your buck in the urban area that's just the bottom line and what most people understand is that our neighborhoods never stay the same forever eventually they change and that's what happens how long does it take to turn 10 to 20 years or what's the time for me i want to be honest with you man when i started in patterson my average rents were 900 right 900 for three bedrooms we're almost at 2 000 now and that's in a matter of five to ten years wow right and when i first started everybody was like patterson oh patterson is this patterson is that blah blah blah now all the big developers from hudson county bernie county new york they're coming to patterson so you gotta understand that when me and laura the slums envy all of us started we were buying units right let's say the price per unit was anywhere between 20 and 40 000. now per unit in patterson is about 150 to 200 000 a unit that's everywhere same with detroit when we was buying properties in detroit we were paying 15 000 per house you know and at the time we just sat there and just paid paid the taxes cut the grass and a year and a half later dan gilbert decided he wanted to build detroit back up built the downtown back up then you started seeing dog parks in the area then you started seeing older white ladies walking their dogs and then that whole foods and trader joes and then you started seeing starbucks and then that house that we paid 10 15 000 for sold for 250 270 how long did that take year and a half one of the most pivotal moments in uh i think breakfast club history when dane was on i mean you've been an entrepreneur for a long time but was that episode the catalyst for you being more visible about entrepreneurship no sometimes you just got to let people talk sometimes you just gotta let people speak you know and you know and dame is one of those individuals that always talks about you know don't talk about him if you don't necessarily know and i feel the same so sometimes you just let him talk and let him speak let him say what he has to say at that time i already owned the juice ball i already own properties and i already own that but i i know what my gut my job is and on a breakfast club and i'm sure you brothers know that when you're interviewing somebody sometimes you let the people talk and let them speak i don't have to prove anything i got five kids and all my five kids is good and can you stress the importance that it's okay to have a job while being an entrepreneur and not just going balls to the wall i mean dame dame doesn't think so but everybody thinks differently you know i mean i use the breakfast club as my catapult to talk about all my other businesses i don't need the breakfast club i enjoy it it's like barbershop talk but i mean where else can you go on a radio program and speak to millions of people and tell them about your juice ball tell them about your you know your positivity water tell them about caesar's book that he has coming out or my book that i have coming out or the real estate show that we have coming out on television and all the other ventures and things that we're doing like where else can you get that and be able to talk about my podcast and all that stuff so for me yeah it's beneficial yeah out now they have to drag me out of their breakfast they're gonna have to pull me out you know i mean i'm not leaving because it's you know it's both ways you know i mean i'm in the clubs i do the shows i do the parties and i'm able to talk about everything that we're doing you know i mean so that's the best thing about it i would never leave that different level of hustle shout out to everybody on youtube we are fastly approaching ten thousand i told you at ten thousand we won't do a giveaway it's the biggest show in the game man ten thousand on a monday night it's not normal every monday night every night somebody asked um so when we mentioned the four three two one or the three two one can you just kind of break that down like because people might not fully understand from my understanding correct me if i'm wrong the reason why you start with a three family in like a slightly dangerous neighborhood but not like you not like really dangerous slightly dangerous is because um obviously it's cheaper but then when you when you go from the two family you move into a better neighborhood and you can justify that with the bank right is that correct well it's just a weird rule right with fha they just you have to go backwards instead of forwards i don't understand why they do that but in reality i will wait till i get to the one i will actually get the three in a bad area the two in a bad area and then get a nice one because now those two properties are already paying for my nice single-family home yeah so i mean the last time we spoke we had to you had the big vision of doing the school what's the update on that in some process you know we got a right now in paterson right well pretty much in the trust area what we're primarily doing now is developing and flipping properties right so we got a 50 unit building then we're building from scratch foundation's already started we got one of the schools is going to be 60 units the other school i'm about to go for approvals to build 140 units i want to ask you about asset-based lending and um hard money loans so i know there's two different things i had never heard of asset-based lending until fernando told us about it but hard money loans i heard about but a lot of people are not really familiar with hard money loans they think the only way to get money to buy real estate is just to go to chase bank and you know but hard money is is completely different so can y'all talk about like hard money like what is that and yeah how does that work out well before before you do that i want to say like the one thing i would tell everybody that's watching is to ask questions don't be ashamed to ask questions um i asked caesar all types of questions today my attorney sent me something about a car accident i sent it to caesar i was like he's the one with this what's the attorney sending me and the season hit me back was like envy that's not for you it's the wrong name i bet you sent it by the wrong person but i he sees about everything so when i was purchasing my house i purchased a house in new jersey and the house is the person that bought it for me paid 12.8 million for it right i bought it for five five and um one thing about c's is he always says yo you never want to put that much money down i don't care what you're doing you want to put as little as possible because you use that money for other things but you know during cove if you're trying to buy a house that's jumbo loan is what they call it over maine alice they want you to put 25 to 30 down and caesar was like you're not putting that down right now season me and caesar argue like we're a married couple he's my brother like for real like bruh like argue hang up on each other and he was like no you have enough assets where you ain't got to put that much down you use your assets and he was able to get me along and we were able to figure out why i only had to put 10 percent down now you think about it 5.5 million property only having to put 550 000 but i'm using my assets as collateral to get that loan that's unheard of yeah right you know i mean but we're able to do it because i have those assets and i have those properties so those are some of the things that you have to ask because i would have never known i was going to put 25 30 down him what i did i used that that other 10 and bought another property and bought some more properties and bought some stock at the time and used that money to make money i also bought a car but by the way um yeah so a good tool to use is probably financing right a lot of times when i first started for example i had hardware my credit was was shot right i had a 520 credit score um but i was able to get some capital together and i got a hard money loan a hard money loan is not really based on you as an individual it's pretty much based on the asset on the property so if a property has equity they'll do that deal meaning if you're looking at a property and it's worth 300 000 and you want to buy for three hundred thousand harmony then it's not gonna do that deal but if the property is worth 210 and you're getting it for 300 000 then a hard money lender would do that deal a harmony lender is not based on conventional guidelines it's private money it's more of a relationship based business so it works a little different than you going to chase or any other bank and trying to get a loan i like harm money because i could close quickly it's the same thing as cash uh right now hard money when i first started it was different right which sometimes it pisses me off because back then i had to put 20 25 down right across the board on a hard money loan then when i finally build a relationship with my lender and i'm paying them off on millions and millions of dollars in loans they they're like you know what you only got to put 10 percent down i was like yes right and then every single lender started giving out the same program 10 percent bastards didn't even work for it that's how you change the game yeah yeah so you know that it was pretty crazy back then but now pretty much you know you could get 10 down across the board when it's uh usually you put you get 90 loans of value off the purchase right and 100 of the rehab or the construction dollars it's based on draws right meaning um you always have to have a couple dollars in your pocket right so just to break it down very simple you get you want to buy a property it's 200 000 right you're gonna put ten percent down plus usually a hard money then the charge is two points right so right there let's say you're all in 25k your down payment and your points and whatever your attorney is going to charge you so that's 25 000. so let's say this particular property needs rehab right let's say 50 000 so you're gonna tell your hard money lender that instead of fifty thousand dollars in the rehab is seventy five thousand which i'll explain why later now when you go to get a hard money loan you need to do a rehab schedule these are numbers that you're going to do and sit down and do them with your contractor right these numbers right like i said before is not bait a hard money loan is not based on conventional guidelines so if you ask for more money or less money they're not going to look at you like you're crazy right the more you ask for the mo the most the more the private lender is going to make because they're making money off of the interest usually interest rate right not right now could be anywhere between 8 to 12 right so let's say boom we do our first draw let's say you did your demo uh framing rough electric rough plumbing you call up your lender they come they look at the property did the work they give you the money back so you do need to have a couple dollars in your pocket it's still 100 financing but you have to have some money right and then they just keep on replenishing your money over and over right so let's say we get down to the last draw right remember we bought the property for two our rehab was 50 we told the lender there was 75 right so now the last draw what we just did by overestimating the construction cost you got back your 25 000 down payment before you sold the house or refinanced just by overestimating the construction costs so if i'm excited about this and i'm like okay great i want to get something in camden or west orange what for like four or five steps that you have people at home watching because i don't want them to have the information and not walk away with something actionable if they're afraid so do it off a two hundred thousand dollar house house is worth three hundred thousand you're buying it for two hundred thousand these forty thousand dollars yeah so same thing you know same thing like 200 000 you got to put 10 down um as far as you mean work you get deals from yes okay so i get a lot of deals from auction.com i get a lot of deals from hubzu um i get a lot of deals from zone as far as properties that i flip those are the sites that i go to another thing that you could do too right when it comes to uh i'm gonna show you what lord of the slums does right he does a little bit differently when he goes and he does uh his numbers when it comes to the construction so let's say if it's a flip right and your profit is 65 000 right so you take that 65 000 and you add it to your construction cost right all right so meaning when you get your last draw you're getting the profit before you sell the house right so at that point when you sell the house it's kind of a wash so you don't pay capital gains [Music] you should always pay taxes that's a whole lot of game man don't um don't don't don't let that go over your head yeah i had to add a real quick question so that's the hard money thing is absolutely like it blew our minds when we first heard about it and how do you establish a relationship i just spoke to a bro uh drew bernard and he was saying he uses hard money but he was so good at paying back the loans that they said you know we're not using you anymore we're not making any money because you pay it back so fast so how do you establish a relationship with them and keep on that's ongoing all you got to do really man it's just paying them off the more you pay them off right it's a relationship based business where eventually like we're at the point with all her money lenders that we get 100 financing we don't even bring money to the table we actually get money back at closing because we've paid you know our relationship is so strong at this point and i have about three lenders like that and sometimes other lenders call me and they're like oh all right what can we do to get your business i was like yeah i don't come to the table with no money they're like what can you beat that they're like no but we can give you a better bro i don't care about the rate because at the end of the day is all about leverage right leveraging your money real estate is one of the only things in the world where you could buy more way less meaning if you want to open up a nightclub and the cost is two million dollars right to buy the property fix the building whatever that's your cost right if you want to buy a 30 unit building that's 2 million dollars all you got to put down is 10 to 20 so you could buy more with less compared to everything else and somebody was asking in uh youtube they wanted to know they said auction.com what was the other sites auction.com zone you know without really zillow's pretty much zillow and trillian is pretty much market properties they're already out there just like the mls you know you at that point is properties that people are already looking at you know so you won't get a lot of deals that way but you could use zillow though and trailer to check you know if you want to focus on particular market you want to see the value there when you're buying a property from auction.com you could you could pull the comps from trailer frontalia or zillow how would you find a hard money lender if you don't have a relationship it's a zillion of them yeah but there's so many so many of them out there yeah even um you know some banks are doing hard money lending i've seen that yeah yeah there's there's so many different people out there man you know you could probably type in hard money on instagram and it pops up it's not like when i first started it was like a hidden thing right and nobody knew the first two years when i started i pretty much the first deal that i did you know i had to sell my car my wife's engagement ring i didn't know anything right because i'm self-educated so the first two years i i would buy one house right then i was able to buy two houses but so i sold those houses or refinanced i didn't have any more money to play you're number two this guy called me up and said hey i'm a hard money lender you're doing it or wrong at this point i'm like i got 500 now man you don't know [ __ ] you know i think i'm on top of the world and he's like no bro you're doing it the wrong way so i listened to him and that's when i started scaling so that's when i went from doing two to three deals to doing 20 30 deals a year because i learned how to leverage my money and i started using hard money hard money is a great tool right a lot of people don't like it because of the interest right this is high but is it is you got to think about it as a tool to get you there fha is a tool hard money is a tool now let's say this if the scenario was different right and it's a rental property right at a certain point when you start buying uh investment properties right once you exhausted your fha right you have to put 20 down right 15 down hard money you could still go to a hard money lender buy the rental property and only put 10 down right and then you refinance after you know two months like you said to an asset-based loan now asset-based lender is going to give you 75 to 80 loans to value what can you talk about where asset-based loan is pretty much an asset-based loan is a property that is based on the income that the asset makes right so as long as the property cash flows they'll do that deal same thing a little bit tougher guidelines right compared to a hard money loan right because a hard money loan doesn't really there's really no guns you could get an asset based loan right so that's one of the programs out there that most people sometimes they ask that i can't do fha i don't have tax returns asset based loan you don't need tax returns all you need is a credit score of at least 700 or 720 15 to 20 down and you could buy property that way um but also that's a good way if you want to avoid putting 20 to 25 down on investment property you get a hard money loan only put 10 percent down refinance and get rid of the harmony loan drop the rate from you know your eight to 12 percent to a four and a half or four well that's a whole lot again hopefully i hope you all catch yourself educated yeah i know 10 000 on the check-in man you know we promised that 10 000 was gonna come ten thousand we got it we gotta give away but we gonna do it at the end of the show ten thousand man that's that's a that's a huge huge huge accomplishment let me do my oprah thing real quick well what do you think of wholesaling tax liens uh because a couple people have to comment do you guys think wholesaling is a viable option or something you would recommend people stay away from i don't do wholesaling i don't do wholesaling at the beginning i did like see this is my thing right not to sound like i'm a jerk but i don't really like wholesalers right because i come from that era in that market where you had to have skin in the game to get into real estate right so a lot of these guys now they're actually the ones that have messed up the market when it comes to like auction properties and stuff like that because you got wholesalers that go in there they over bid on properties and they kind of you know now there's a smaller profit margin right but now things have changed for me i see it in a different way tell them what wholesale is because somebody like they don't know a wholesaling so as far as a wholesaler right let's say envy has a property right and he wants to sell it for fifty thousand dollars i go to envy i tell him envy i can sell the property for you right so he gives me the contract all right let's do a contract now the contract i put on the contract that i could assign the deal to somebody else so now i go to you and i tell you yo i got a property for 75k right but this is the thing the data deal closes you have to close too right so your cash got to be ready so now you come with your 75 because in a perfect world it works with hard money and it works with cash if it's like a regular loan it doesn't really work it gets more complicated right because the banks want wants to see everything but if you're coming with cash you're buying it for 75 right i give you the contract for 75 we stop we close simultaneously that day i make 25k he gets his 50k and i didn't put any money at all you probably inherit let's say you heard of the money from a family member that had the house forever has been paying the mortgage forever i come along and i make 25k you only made 50. you know he may only make for that and you know you don't put no skin in the game so when you hear people talk about you closing the real estate business without no money no money down that's what it is that's when they pass out flyers they go knock on doors that's what wholesaling is yeah we buy homes one eight hundred we buy homes yeah look at the grass yeah that's why you said you keep the grass cut you know so hey you guys let me ask you this um real estate do you think well why do you think that more entertainers more athletes are starting to change now but why haven't they done this years ago because it's like you you made a clean transition from you still in entertainment but to real estate so what you think has stopped other athletes entertainers from just in just investing in general but investing in real estate i think first of all most most athletes entertainers don't know about it most black people don't know about it you know i mean it's even with me you know growing up in queens my my dad still has the same house he bought when i was born like he doesn't know anything about investing he didn't learn that he didn't get a college education he has no clue the only reason i even got into it is because when i first got a check i wanted to buy a house and it was so far away from queens but that's all i could afford it was in the town called west mifflin where they used to shoot the jason movies like the swamp and i lived there for six months and i was like this is too far i got to move closer and when i sold that house i made 80 000 after like six months and i'm like that's a lot of money and i just started doing it and i started getting into it but i didn't know what i was doing i was just trying to figure it out on my own um now you see more entertainers doing it and more athletes doing it more dj's doing it reason being is because in our industry there is no retirement there is no you know retirement fund there is none of that no union no there's no union there's no none of that so if you are a one hit wonder or a two hit wonder and you don't have catalogue you [ __ ] so you got to figure it out and you know not too many people have can you know create a a liquor company like ace of spades and then sell it to my wife partner partner partner you know i mean so for for us we got to figure it out and for myself i was always scared that i would say something on the radio or my you know my co-host to say something on the radio that'll get us kicked off so i was like what can i do that no matter what i could make some money you know i mean and that's why some of the you know the properties i own i don't tell nobody what what houses i own you know i mean most people you know a lot of people artists live in my properties and don't even know but you know i keep it to myself but a lot of artists live in your properties artists djs bartenders strippers a little bit everything living my properties assortment that don't even know and i don't want them to know you know what i mean i don't go visit the properties you know i seen something earlier where somebody on on the comments was like you know i just ain't got i ain't got time for the real estate like i don't have time to be collecting rent and i agree with you i don't either i i pay somebody to collect my rent i pay somebody to shovel the snow i pay somebody to fix that toilet i pay somebody to fix the roof yeah they take a percentage of what i make but i'd rather them take a percentage than me have to deal with it yeah but every month on between the 1st and the 15th they come with envelopes and checks and things like that that i don't have to worry about and there's nothing that i have to worry about it's nothing that i have to see i don't have to do anything i don't have to shout anything out that money comes every month and then when i die my kids will get that money and i was like that's what i got to create how much the door uh excuse me how many doors is the number for freedom because in investing you want to get to 10 000 shares like if you had the perfect number how many doors would you have under um i'll tell you how i started right when i started all i wanted was 10. yeah right then i got 10 and then all i wanted was 20. then i met with season and caesar had over a thousand so i said i got to get to at least you know 100 then i got to 100. now i'm at 130. you know i mean so it's there is no amount it's like what i really want and i'll be honest with you i want to i want my name in the sky as much as people hate donald trump i want i want some some some casey buildings out there i want some rockefeller casey buildings i want my when i die i want my kids to be like granddaddy did his thing that that's really what i want and that's what i'm working for and also the reason we do these seminars is because we want our people to learn how to do it and we don't want them to get got when we do these seminars and when we teach people it's not a matter of shooting over somebody said we break it down like a three-year-old because if i if it didn't nobody broke it down to me as a three-year-old i wouldn't know but that's why we bring the mats to the the seminars to explain fha and this that and yeah but we bring the credit dude to break down credit and explain that it is we bring sabine who is an attorney to bring we bring contractors we bring those people because we want our people to learn and learn the right way and not get got like we're not charging ten thousand for a seminar yeah we're not charging five thousand for a seminar we're not saying come to the seminar and then if you want to speak about it to seize it some more yes and it didn't we don't do that because we really literally do it for people to get on and you know every time i make a post and i say yo if you purchase the [ __ ] out you know outside of our seminar you see a zillion of it like out of we did i think about 30 seminars we only had one complaint and that was a lady who came late and couldn't find parking it was pissed off yeah couldn't find parking other than that there's no other complaints because we really teach people and nobody could say they ever came to any of our seminars that they didn't learn and they didn't get i mean you guys were there what did you think about this the seminar was a vibe um and it was crazy because it was like i knew all the people there but to see them like actually on stage and to see sometimes you get jaded by information because you're around especially us being fortunate to be around information so much that we sometimes forget how much how many people have no idea about anything so like you know just watching peop everybody had their notepads out everybody taking notes and all that i'm realizing like yo the vast majority people have no idea we took a picture i took a picture of the lady sitting next to me who was recording it and writing notes at the same time didn't even look up yeah yeah yeah this is different and then we gave people an opportunity that looked like us like think about a chubby fat kid from long island max [ __ ] i'm just saying that he's saying i wouldn't say long island but like matt i didn't know matt i really didn't know matt matt was a somebody brother somebody that you know i i grew up with knew matt and was like he a good dude so we gave him an opportunity to get on stage and he got on stage and you know he blew his company up and the funny thing with matt i remember the day before the seminar he called me yo son do i need to wear a suit i'm no like i'm like this is this is i said i said the thing with our seminar is we want people to feel like they're comfortable and they can ask same thing with uh jose the credit dude you know jose de crescent dude had a hundred dollars in his account and was about to sell his credit company we gave him an opportunity and now he's making millions a year you know the same thing you know like we try to really help people and help people that look like us you know i mean we don't ask for nothing we don't try to no we want people to win because i might have to call matt for alone one day i'm like man i need something i might have to call the credit where i had to call the credit dude a couple of times fix my wife's credit fix my credit you know me but that's the relationships we try to build and make sure our community is good and not just us i want to attest to a few things we actually witness some of those envelopes being brought to you guys an amazing site just envelopes after envelopes of a pavement coming in oh yeah that was a home we can't skip it but that was like everything every 10 minutes there was another envelope we went to the office to do the interview when we interviewed them and um you know caesar's a real laid back quiet guy like you know real like he's just chill wow so he's sitting in the chair like don carleon and um i believe it was your brother yeah and um he came and he's a little bit more outgoing a little flashier it's like some real godfather type of situation and so it was like a bunch of envelopes there was an older gentleman there too i forget who he was but it was um he was giving them envelopes like they put like 50 envelopes on the desk and then like 10 minutes later it was like other envelopes and then it was like 37 envelopes and then it was like cash and i'm like people still pay their rent with cash like so i realized those envelopes was the rent checks but some people had cash in the checks a lot of them had cash in the envelope and i'm like this looks like the medellin cartel bro i told you strippers and dj's hopefully buddy everybody you know and with us you know the dope thing about us where people are like we give people opportunities like we're not going to say hey you know you got [ __ ] up credit you can't stay in our building you got [ __ ] up you know you did this wrong like that's one thing i learned from caesar we give everybody an opportunity you know what i mean like we understand like times are hard sometimes i might have did something stupid and got [ __ ] up my credit might be messed up i might have had a bad situation we'll get my opportunity to to pay their rent and it is what it is yeah we spoke earlier uh everybody's been talking about the mass exodus of people leaving our great city of new york but you said you're actually looking to invest in new york yeah yeah what are you looking for and what type of neighborhoods are we talking about i told her the caesar uh about a about about a year ago so my daughter goes to nyu and um caesar told me she shouldn't be going to school she because she said that stupid pain but she's going to school for real estate right and sees this whole thing was why are you paying for her to go to school just sit her in the office for [ __ ] this guy yeah that's what he said but she's going to school for real estate and you know when when kobe hit everybody started leaving the city and all the apartments and townhouses and cribs and condos that we were looking at before dropped significantly like 30 40 percent and i'm like you know this is the time i think to pick up some apartment because i really feel it's going to turn back around and something like new york is the mecca of the world in my opinion uh although a lot of companies say they're leaving they're going to connecticut they're going to cali they're going to florida i just really don't see new york i think new york will bounce back and i think it'll be a good opportunity if you can afford it to pick up some apartments especially by some of the nyu and some of the colleges and wall street areas so that's just my opinion have you ever been interested in real commercial real estate in new york i'm not there yet i'm not there yet to be honest with you man um i was born in new york right and i was raised there but new york has the worst landlord laws in the country you know probably takes you about a year to two years to evict somebody i think it was a year before colbert you're probably looking at two years now yep i can't even imagine right being atlanta or new york city now or in the future to be honest with you there's so many opportunities i don't even look at it i just like going to new york for the restaurants the king of paris yeah we're not trying to buy any real estate over there you know i like florida like in in florida man you like somebody in two three weeks elena same thing two three weeks atlanta they own it yeah i like those markets when it comes to rental properties you know as far as flips yeah you could flip in new york because at the end of the day when you got a flip property you're gonna fix it right and you're gonna sell it at that point you're not really gonna bring a tenant in there because you're going to flip it to somebody usually an end user so as far as flipping i was still flipping new york if there's an opportunity you know any any deals you know let me know you know as far as being a landlord nah not right now not anytime soon final question before we get to the comments um no men that i know that is doing well have balance with five kids and all that you guys do how are you getting any balance um how do you balance like the work life stuff out um for myself i mean it's it's pretty easy i mean when you do what you love it don't feel like work you know i mean when i go to the office and me and sees a plan and it's not work it's like we enjoy it like i enjoy going to properties like today you know we went to go see a couple of homes and the house smelled like [ __ ] and it was garbage and trash everywhere but i enjoy it i love it like i love like when i smell a [ __ ] up house i'm like oh this is not equity because you know the normal person when they see that house they're like i'm not buying that [ __ ] yeah and i learned i learned a long time ago but those are the houses that you make the most money on so i enjoy it and i enjoy taking my kids with me i take my daughter with me to see the house i take my son with me to see the houses so they see what daddy does but you know it's like i love my life i love my kids and you know i love making money you know and i'm doing it for them i want to establish businesses that they can own you know um and it's good when you have a partner like caesar a business partner that you know you could bounce ideas off you know what i mean and and everything that comes his way he brings to me everything that comes my way i bring to him and some i pass on some i take and some he takes and somebody pass on but it's fun you know i mean the fact i could be right now and you're gonna laugh at me i should be at home watching bachelor with my wife first black bachelor and i watch the bachelor but you know when it comes to talking real estate and really telling people how we do it and hopefully they can do the same and do the same for their families you know this is something i enjoy as far as for me man you know it's kind of tough because i think the most important thing in life right and people don't understand and understand this part of it when they're younger is time you don't get time back you don't get wasted time back so for me i'm going hard all the way till i'm 60. like i'm not stopping anytime soon and my wife's a hustler just like me you know we both love real estate and one of the most important things for us is to help people like us right which there's a need a lot of times not too i've been doing one-on-ones and sometimes people come to me man and it's like stuff that's online and they're paying to come to talk to me and i'm looking at then i'm like you did no research like the other day like a couple times right these guys are there and the guy is the head underwriter i don't know if it was like investors bank or something like that right he has like a phd in business and all this other stuff right and i'm like [ __ ] what the hell am i gonna tell this guy i don't have a degree this guy must know more than me and i sit down with him and he starts asking me how do i qualify for and i'm like bro you're the underwriter i want you to tell me your secrets how i could get more loans and sometimes it's amazing man that it's like information that our communities don't know and you know and sometimes it actually you know it breaks my heart because sometimes we don't realize right probably everybody in this room that what we know most people don't know are ever going to know and it's just like you know i start i'm here talking about this alone this that whatever it comes automatic to me but the average person especially in the minority community they don't understand that you know and a lot of people sometimes tell me oh i see you you know you're helping this celebrity you're you know you're with this football player this basketball player but at the end of the day yeah that's cool but i like helping people like me similar background like me more than anything else that's what i take pleasure and please believe your favorite rapper and your favorite artist and your favorite athlete no clue we're helping and we're talking to you and i'll just put it to you like that your favorite rapper your favorite athlete has reached out to us and we're helping and when i say we're helping i don't want no i haven't charged nobody nothing like we do it out of the contest about all because we really want to see like i would hate to see a rapper put up a number one record and then become broke because they don't know how to do it you know what i mean we try to help as many people as possible and that's kind of one of the worst things too man because you see a lot of these guys especially in entertainment and athletes they come into a lot of money and they don't know what to do with it right because you gotta understand right in life you could be a doctor you could be a lawyer you could be a basketball player you could be a rapper whatever you are right your career is gonna end right and eventually you're not going to be making the same amount of money so real estate is the perfect thing because no matter what now or i'm 60 if my property makes 10 000 a month in rental income it's gonna make that when i'm 60 right and then i'm gonna keep on increasing the rents every year but five percent so i'm always gonna be good even though yeah if i have a job or a career that's over right and now i got my [ __ ] you know pension which doesn't mean anything at this point right what you're going to make here my real estate is still going to pay for my lifestyle and my lifestyle i will not have to cut back like most retirees and seniors do eventually because they're not making the same amount of money but when real estate is one of those financial vehicles where you can make the same money or more time and time and time every year over time there you have it let's go let's go to some questions let's do it let's do it let's uh jab we're coming to you i'm mute yourself you've been unmuted what's going on oh chad that sounds like a fridge break that sounds like a fridge break you're gonna be all right it's fridge break done uh simone nicole we are coming to you unmute yourself you've been unmuted what's going on simone shout out to credit dude too on the check-in hope he's doing well yeah shout out to the credit dude man let me let me shout him out he's uh he just had covet but he's somebody that if you need to fix your credit that's the first step we always talk about it make sure you hit him up because he can help you pick your credit hello and he only charges for when he takes off so he's not just gonna hit you with a fellow dad oh what's going on fellas what's up bro man man i ain't really had no question man i just want to tell you i salute y'all fellas i watch all y'all videos and man i just want to say keep on pushing the culture forward and man i appreciate y'all man i appreciate you all right you got he's watching real loud in the back he's watching on tv mac we coming to you macintosh mute yourself you've been unmuted what's going on nah there might be a delay of something i would encourage you guys to go look at how many shares buffett owns in stocks and also how much real estate he owns you will be baffled mac what's going on mac what's going on bro what's up man tomorrow is my brother how y'all doing oh happy birthday happy birthday brother birthday can you break down the 7 30 wolf 7 30 rule yes yes the seven third rule yeah when you buy what property i don't buy yeah we got a guy here who might be able to help us assist them yeah so so pretty much if you know the property's worth three hundred thousand seventy percent two ton that's what a lender will lend you on that property as far as a rehab property so that's like the 75 percent threshold but again it all depends too because you know at that point you're making almost uh 90 000 uh if you're beginning you don't have to be that aggressive you could do you know from the lender standpoint yeah but even if you can make instead of ninety thousand fifty thousand it's still a good deal like a lot of times people kind of fall in love with those numbers and at the end of the day if you come from somewhere where you're not making a lot of money you make ten thousand on a deal that's still good and also anybody out there that's that's investing in real estate make sure you teach your spouse or you you and your spouse learn together yeah um c's is his wife jenny tips she knows just as much as season when it comes to real estate more than me yeah if i can't get c's on the phone i call her if i can't get her on the phone i call him and they're able to guide me they have the same connection she's a little worse because she'll wild out on you like like if an attorney don't call me back or something she'll call him and wild out so shout out to jennifer she's running multiple business too right yeah yeah she's killing it uh jonte is that are you there i'm yourself you've been unmuted yeah so my question is what are what are you looking at to determine what's a good deal or what's not a good deal it all depends you know what area you're in right a lot of people when they first start they want to stay locally right uh as far as flips like i said i go on on hubzu auction.com zone in new jersey i get a lot of stuff on auction.com in florida i'm lucky with hubzu it all depends on the markets right now good flipping markets that i like that i'm investing in heavily or of course new jersey um atlanta florida when it comes to flips rental properties you know aggressively uh i'm in chicago right now i'm actually going to chicago tomorrow and closing out a 28 unit building that's big time that's big time yeah uh lenny i'm yourself you've been immunity what's going on hey fellows can you hear me yeah well you're perfect perfect perfect um i really want to appreciate you guys um that interview you had on breakfast club was really like it was dope i'm happy that you guys are the people that are investing are getting more attention now and um envy i definitely appreciate you on the radio every single time you you sneak in a a gem it's really appreciated i think appreciate you bro appreciate it thank you my question is for um you guys right here um so how do you guys structure your um your investments when it comes to real estate do you guys like i s a lot of your loans sounds like they're like personal loans rather than putting in the business doesn't that make it more um risky rather than like putting in the partnership or something like that well when you first start let's say if it's a conventional product or fha product no matter what you have to put it under your personal name if you do a hard money loan asset based loan a commercial property it goes under the llc so that's pretty much the difference and then that could be under your business caesar has like 782 llc's so you do an llc for every single home well for my when i flip properties i just use one llc just because there's no liability meaning i'm not going to have tenants living in properties that i'm flipping yeah when it comes to my commercial properties each single property is under a separate llc but realistically though you know if somebody something happens one of my properties somebody sues me it's not going to go past the homeowners anyway insurance but that was like a myth back in the days tell you oh you got to put every single thing separately but i do it anyway just because it makes it easier as far as taxes and stuff like that so how do you keep track of that because you know i mean that's a how many how many houses do you own from i can't even tell you you know i'm probably passed to 2000 uh as far as unit 1600 as far as like if you want to see actual actual d's right because all of my properties are different i got properties of a 30 unit building a 50 unit building a 10 unit building so as far as deeds i'm probably past 300. so you have 300 deeds 300 different llc's how do you keep track of all that stuff um i have a big team you've been to the as far as you know uh property collection and stuff like that i like i use appfolio is i think it's one of like the best software's you can pretty much do everything from there and uh but i'm a numbers guy man to be honest with you bro i'm still like my wife calls me a caveman like i take a piece of paper and i write down every single property and all the numbers every month and then put it into the system i double you know i double and double check myself and triple check myself to this day your own bookkeeping yeah yeah uh leah we're coming to you i'm mute yourself you've been unmuted hey uh can you guys hear me yeah perfectly okay good uh one of the questions i kind of have uh two questions that basically uh piggyback off of what rashad was saying so i remember you said that when you first started off you know you had like kind of a low credit score and everything so like when you started acquiring your properties did you just automatically go to like property management or like how did they even go like when you first started off uh when you acquired properties the first couple years man it was rough you know i was doing my own property management uh at that point when i first started it didn't go very well because i'm too nice and at that point my brother uh was actually he was in prison and then once he came home he became a property manager because you know to be honest with you he you know he's kind of an [ __ ] and my brother's the kind of guy man you know you don't want that guy on top of you right so you can't have a property manager there's a sweetheart like me you know i'm a teddy bear him you have to pay him like and if not he's going to know you so much that you're going to want to pay him right so that's pretty much my brother's personality but god forbid he owes you money he ain't paying you but i think that was that was the what made it so dope when i when i first met season when i walked into the first office i don't think i went at that office but when he went to the first office you see all his family members doing a specific job and i was like you know he's dominican i'm i'm black they say i'm dominican but i've been here that's where the washington heights came looking at you but you know a lot of times you know we don't necessarily teach our family how to do things and i thought that was dope because here he goes like you know he has his brother doing this and he had his cousin doing this and then his mom is doing this and then his wife is doing this and i'm like it can't you can't lose because you got all family working for you you know i mean you walk into a like today i walk into the office i don't even say that cause somebody gonna take it now but i look on the office and it was it was like 350 dollars that's been on that office for like at least three weeks it's just sitting there but when you got family working in nobody touches the money because everybody is the same but i just thought that was dope to have family members actually work and do things and people that you can rely on you know he never got to worry about just giving his brother alone because his brother works for him he never got to worry about his mom or his aunt or his uncle they all worked there you know i mean which i thought was dope and all the cousins that could pop out of the woodwork every other week i have uh new cousins or uh uh new kids i'm the godfather now yeah so so you guys uh and we spoke about this on the episode about documenting the process and we kind of mentioned like why don't you y'all should have a tv show so where we got with that it's it's on the way so um i'll be honest right i'm gonna be honest perfect place so caesar is greedy right okay very like very very anal so when it became to do to the tv show you know they said they sent us a standard contract i had my lawyer look over it we got over the standard it's 50 cent cool ready curtis jackson jackson shout out to 50. this [ __ ] over here was like i want ownership something like these you know they don't give ownership for first shows they they got to pay for production they got to pay for this they got i don't care we don't have to do it i want some type of ownership well we got some type of ownership because he fought for it but it was just one of those things but that was the problem so contracts have been signed recently and you know we'll start shooting so but you know 50 was able to give us you know what we wanted and we worked it out so it's going to be like a real estate like hgtv yeah yeah i don't know if it's gonna be on http like with that type of show that type of [ __ ] real fixer-uppers for real yeah but you know we're gonna show you know the rental side of the business you know the family side of the business pretty much a little bit of everything like most of those shows are very cookie cutter you know like a lot of times those shows you know they don't really show everything right like we're going to show everything the whole process you know this [ __ ] that goes right the [ __ ] that doesn't go right you know like we don't want to you know like as far as us we're numbers guys and we want everybody to see the numbers and we're really happy to be behind the scenes don't get me wrong we're at the level now that nothing could really faze us and we're still gonna make a profit right but there is stuff sometimes it doesn't go your way like right now through cobit one of the biggest things people most people are like oh you know you're not collecting your rents it's not even the rents that's the problem the problem now is material because you know pretty much the borders and everything is closed it's hard to sometimes even get shira right you go get shirak you got to go to four different places to get it so you need to get uh inspector to come and look at your property and pass the inspection you gotta wait for him now because you know he's not coming out because of kobeto he doesn't you know especially if there's like a little spike anything it's that's what really it affects everything and those are the kind of things that people don't see every day people think oh yeah people don't pay the rent now but there's other issues besides that going on right now we're gonna show all the problems like you know uh i think a couple of months ago i always tell the story lucci went to go pick up rent and the lady was like i ain't got it and he was like no you gonna give it to me and she went upstairs and got the 380. older lady chased him down the block with a 380 you know we gonna show we gonna show that that's some of the stuff that we've seen i'll come back tomorrow or the one time we walked an apartment dude was sleeping there and we was letting the house was boarded up it was like it was like how did you get in yeah it was one of those properties where it had the the vacant property security which is those metal gates and windows they're supposed to be you know proof you know burglar proof that nobody could get in there so i i walked in there and it's the second floor there's a guy on the couch and the guy's like six three probably weighs like 350 pounds and he looks at me and i look at him and he's like what's up poppy and i'm like what's up he's like uh i'm like bro i just bought the house you know you could stay here till we start construction he's like thank you and then i'm like bro how you got in here he looks at me he just says magic that's a good answer bro i'll see you later never time he bought a crib this was actually one of my cribs that i bought and we had like a balcony and a dude had a tent on the balcony and he was living there with two chicks so he had two chicks living in the balcony he was chilling on the balcony how big is your team like for your business like your team for your business like how you know how many people you guys actually have like probably at least 35 right now 35 people yeah easy and it's like everything from like the your brother who collects the rent to a mortgage broker to a assistant those pieces when you talk about attorneys and all those you know and mortgage people and different commercial lenders and insurance people now you talk about probably be at 45 easy so what's about workers like workers where's the workers what are they doing um just construction you know i got project managers property managers you know now we have other construction guys and project managers in florida you know we got guys down in chicago so you know it's all it's pretty much all over the place right now it's not always now we're gonna say we tell people all the time if you if you're getting into this game you have to really learn the game right mm-hmm um and that's one thing i had to learn so like when we buy properties like we buy our own supplies we buy our own materials so when we get people to work and do the work we're only paying them hourly before i met seas i was trying to find a contractor and giving the contract the money and now the contract is raping me on both sides he charged me extra for his work and he also charged me extra for the bolts the nuts to sheet rock and all that other stuff so it's just the little things that you know we you figure out when you really talk to somebody that does it way more than you like the fact i always tell this story i used to go in and seize this house it was like this [ __ ] has no swag no style no nothing on his house but you know he told me like i don't want to talk to the people they know that my walls is great they know that my cabinet says this they know that my flooring is this and that works for me even better because i don't speak spanish so we're talking to poppy i don't know what i'm saying but poppy knows this is envy's house gray wall poppy knows it's envy's house black cabinets like they know that so and it keeps you know you buy in bulk and it keeps everything down so these little things that you learn do you guys ever think about uh loaning out the services so like if you have a con creating a construction team where somebody else can use it or a property manager team where somebody else can use it as well that's a good idea well my brother actually he does uh property management for other people besides myself so you know he he definitely does uh help people and he works with other people as far as you know us doing a construction company and things like that we're so busy man to be honest with you that i i don't even have the time for that man because you know that that gets more you know you got to spend a lot of time doing that and have i got all these projects going on around the country and i'm kicking my own contractors and that's not going to kick the contractors and that's with other people they could even do my homework my personal house they couldn't even do because we we have so many so much other business to do they was able to demo it but that's all they were able to do so the seminar let's talk about that um you guys have re-visited that it's up and running again right because you had the seminars obviously everything stopped because of kovit and now you're back at it again in atlanta it's the first stop first first stop march 14th um we're going to atlanta of course we usually get 2 3 thousand people in atlanta when we do the seminars but because of covet they only do 30 capacity so we're only doing a thousand people um because of covet uh we have to pay for so much extra so we got to pay for a social distancing police officer who's going to walk around with a gun to make sure people are six feet away i don't know if he has a gun but i wish i would have came up with that guy right they got to make sure people away got to make sure uh people are wearing masks uh we got a cleaning crew that will clean after a certain amount of time to make sure that the building stays clean and emt why emt i don't know but they make us require to have an emt but you know we just want to get people in we just know that money's cheap as matt says all the time money is cheap right now so now is the time to invest in real estate this is the time to get some nice properties um and you can make some some great money doing flips so this is the time so we want to break it down and teach people how to do it so we're again bringing everybody to you so it's not just going to be me and sees the talk and there's going to be credit people there there's going to be mortgage people there conventional lenders hard money lenders contractors we're gonna break all that down and explain from router to the tutor from start to flip how to get into the industry and there is no hey well i have a question well that's seven more thousand well that's 18 more thousand that doesn't exist in hours once once you go you know we will uh break it down the only thing that we're not gonna do that we usually do is season i usually stand there for probably two three hours extra to talk to people we ain't gonna do that and that's because i can't be up close with people you know and pictures are gonna be difficult as well but after that we're gonna give people the knowledge that they need um it's almost sold out so we'd love to see you again that's march 14th in atlanta uh and uh it'll be space it'll be socially distancing it'll be very very safe and come learn and i want to see you guys bidding against us uh you probably won't win when you bid against us we definitely want to see that because we want to see more of our community you know uh owning homes and and passing down homes and teaching their children how to invest in homes and all those other things uh caesar you have a book flipping keys yep flipping keys that's interesting i just realized the name of that yeah you know from my humble beginnings you know so uh now i'm i'm flipping keys rookies they're making me more money now right um you know um to be honest with you bro uh just so everybody knows like i wouldn't be here right now if it wasn't for dj envy he believed in me and then people should hear my story and i was this this was never part of my plan to actually be talking and teaching people and talking in front of large crowds and motivating people so this is my story this is how i started you know i don't have a fancy degree i'm street educated more than anything else uh which is kind of hilarious because you know most people even my teachers back and they'll probably right now be like this guy could barely read or write now he has a bill a book out right which america is a great country by the way you know if you work hard you can achieve anything this is the great greatest country in the world because i never thought i would have a book i never thought i would be doing seminars i never thought that i will i would have all this wealth through real estate right so my book is pretty much look i didn't have the best story at the beginning but now my story is totally different you know and as long as you want to be successful when you work at it right because there is no such thing as overnight success it doesn't exist right yeah you guys see us now but i've been doing this for 15 years you know you see me on instagram now for the last two three years with envy but there was a whole process before that and there was another process before that when that's me going to jail and going to prison and you know doing the wrong things and now i'm doing the right thing so even though people out there you know if you make mistakes you can always change the story that's amazing man so and in light that we hit uh ten thousand i'm gonna be a man of my work i said he was gonna this is the second time that we've hit ten thousand consecutive weeks actually um we said we don't do a giveaway so instead of usually we just do cash outs we just give away money but since this is a real estate episode i feel like it would be beneficial to give away some education so my man mg the mortgage guy put together the home buyers blueprint it's actually 10 hours and over a hundred videos 15 15 hours 15 hours 100 videos everything that you you need to know about you know real estate finance so much stuff that we never learned if you think about it that's like the biggest purchase that you can actually buy for most people and um it's like most people's whole wealth is tied up in their homes and we never learn anything about how to buy a home that's right yeah so you just go to the bank and hope they just don't take advantage of you but you don't even know like which mortgage to get and what interest rate is like there's so much stuff that you never even think about it's like it's crazy that there's not a curriculum so matt made a curriculum so we're gonna give away 10. i think what's it valued at 700 dollars so it's so it's but it's valued at a thousand dollars so we're gonna give away 10 10 of those all right i'll add matt is also going to sponsor five people to go to the seminar in atlanta and start to flip so and what are you going to do i'm going to do 10 10. so we're gonna give away 20 um mg the mortgage guys blueprint yeah add 10 for this seminar because they need to learn so we don't need that all right don't wait for the culture so you're doing 10 tickets to the seminar yeah what are you doing matt i'm going to do 10 scholarships too all right guys so they're buying 20 tickets we just raised the prices 10 seminars all right so we got we're going to do 10 eylu memberships because it actually comes with the blueprint and then the good brother ian is going to sponsor 10 um tickets to the seminar and you're going to do that there you have it we're going to do five more so now we got 20 tickets 20 tickets to the seminar atlanta we love you that's our second home and 10 scholarships let's break it in oh damn they ain't going all the way and for people out there as you know i've seen them asking where can they get tickets you could click the link in my instagram or sees his instagram where you could just google from start to flip atlanta it'll come come right up on eventbrite and what we're gonna do this summer is hopefully when the show comes out this summer we are going to do a class where people weekly can come in and learn what we're doing so every week we'll break down some aspect of real estate and not only talk about it but actually bring people in with us as we do it so when we're talking about rebuilding a home you know a lot of times people talk and they don't know what they're talking about but we're actually going to go in there and show you what it takes you know whether it's putting up sheetrock whether it's putting when to use hardwood and when to use laminate and uh when to use certain things and what works better when you're renting and what works better when you're flipping and where to get you know your appliances from and how to save money in every corner so we're going to offer that uh starting the summer time where every week it'll be something new and uh something that people can actually get and and kind of learn so it'll be like a class but it won't be like a educational class where you got to take a test but it'll be more information that you'll ever get from any school is you're learning like straight up and down throw in and we'll also give you access to in the summer hopefully we'll do the ride-alongs again that's that's the biggest thing that we have the most fun where we get these uh cheese buses and we get like a small group of people probably 200 people they usually sell out in like two days but we actually bring those 200 people to the houses that we're actually flipping um season i were doing it a little wrong before because we just had people walking into our house no helmets no nothing yeah if you fall you're on your own but that's the perfect way to learn i want people to see actually you know what we're doing i remember we did in atlantic city one time to tell a crazy story i don't know if he was a uh was he a crackhead caller in that block well anyway he was on his block yes so he was he was wilding on people like it was crazy but like we told people this is this is what you get when you buy some of these properties sometimes like it's not going to be peaches and cream sometimes but those houses are your biggest profit you know what i mean those heroin needles though you know one time i walked in a in a crib and it smelled like [ __ ] like because there was [ __ ] everywhere like [ __ ] in the toilet [ __ ] in the stove [ __ ] in the oven [ __ ] in the the everywhere and my wife ran out that house my wife was like hell no and that was the seventh family what that makes me nine thousand a month that's my best house makes me nine thousand dollars profit a month so that that's that's that was the type of houses that we want to bring people to so they can see what it is put guys put your emails in put your email don't put your cash put your emails in like a thousand cash apps yeah um we go through this every week put you put it put your emails in we'll pick the winners our team will be in um shout out to ken he just cashed out five hundred dollars for the seminar oh yeah shout out to ken he hit me early he said look if y'all ever need somebody in detroit he got he's on the ground solid dude what does he do a firefighter yeah he's in real estate real estate so can i talk about the trade story right fast tell my detroit story i know this guys might watch it so angela was the one that put me on detroit right she had a boyfriend in in detroit and she was like yo property's a cheap so i bought a couple of properties right so angelina was like i got a guy contractor that works this is before i met caesar so i said i bet so i paid a contract the money now at the time you know the only way that i can see what he's doing is through facetime right so we facetime each other boom house looks starting to look good i fly down there and i look in his tile on the bedroom wall the master bedroom wall bathroom tile right i've seen that pictures [ __ ] it says uh it's a meme that they made of me looking at as caesar oh okay already yeah already yeah that's crazy that's crazy but um so i get in there and i look on my master bedroom is bathroom tile i'm like why the [ __ ] is their bathroom towel in my master bedroom he look at me like cause that's my style like [ __ ] if you don't take all this [ __ ] back off but somebody actually i stopped stopping somebody somebody actually liked it and actually bought the crib like that but with the towel on it with the tile on it with the tile on it but so you never know but shout out to detroit so you just got to be you know really really careful with those contractors because sometimes they got their own their own minds and their own opinions youtube i love you but you have to follow directions i don't know why you're still putting your cash out i put my cash out email please what's your email address i said troy i know you see this cash y'all i can't even see this is my favorite part i just like to read the comments it's like it's like how'd you like this experience like so we got two of the top podcasts one are your leisure is taped it's more you know what i'm saying like we it's different we can edit this is live in the flesh people ask questions how do you like this experience compared to the eyl experience they're both cool man you guys asked no wrong answer don't worry i like them both i mean how y'all like the breakfast though when i came to breakfast reference club was amazing bro that was amazing energy and um i felt like it was good good synergy because obviously we have [ __ ] with you already and charlemagne already um so i just felt like you know what i'm saying we was just like in the barbershop just talking you know what i'm saying so shout out to the breakfast club man that was definitely everything that we thought it was going to be and more man shout out to y'all yeah i heard y'all this morning sean not saying that y'all was going to be here yeah yeah so that was dope man yeah a lot of love and breakfast club it's crazy that was on a breakfast club because our whole thing was when we started earning a leisure i was always telling everybody we want to become a business we want to become the breakfast club of business like you know somebody got an album whatever like they got to go on a breakfast club that's like that's like the first thing they got to do so i'm like we got we got to do the breakfast club of business so if anybody's in real estate in stocks they got a deal they got to come and earn your leisure you never thought it was gonna be this big yeah bro i'll be honest with you we didn't really have any expectations we started in his basement and it was just something just to do that's how the breakfast was we had no expectations we just was like if it works it works and then now your hall of fame is crazy hall of fame yeah all the fans don't even feel like we've been on 10 years like people say you're a whole of him and be like you still well for myself i still feel like there's people that were you grew up listening to that was like bigger but then you realized like you were them you were bigger than them like ed love and dr dre i listened to them driving who was on the phone with at least like i listen to that lisa andre and then you think about it like damn we we we've been on we've been on air longer than ever yeah i mean you could talk about star and buff you could talk about um you know miss jones in the morning you could talk about all these different shows but we really outlasted all of them which is crazy because it seems like we've been only on the air for a year too is there a formula for that that you think what made it work and what made it click or what was like i think the formula for the breakfast club that made it work is as we were all side piece to co-host for somebody you know i mean charlemagne was wendy williams co-host i was miss jones co-host angela yee with cypher sounds co-host so we never chased the i need the ball i need the ball i need the ball we all kind of let each other shoot which made it bad and then it wasn't dj envy show or charlemagne show a yi show it was a you know collective effort that we all have 33 percent and we all push so i think that's what made the show better nobody tried to steal the ball we all cause when the show started i was the biggest name on the marquee then when it went for a little bit then angela you was the biggest show of the marquee now with charlemagne the biggest show in the marquee and there's no hate we all love to see each other win and that's the same thing you know charlemagne supports what i do i support what he does he supports like we all support each other that's one thing that you don't get with most collectives you know i mean without a fight y'all gonna fight soon yeah i got business together let me ask you a question that's great so oh yeah yeah they still point that cash out oh dandy flynn i i'll send you a question let me let me ask you a question yeah what's your favorite what's your favorite breakfast club interview there's a couple uh i love the dean dash one that dame was serious i love uh birdman that's classic that's classic nice classic 23 seconds y'all finished y'all done that well you got to think what most people don't know is me and birdman was cool like he was on my album the first time i did the album like he was going to sign me to cash money so we've always been cool i know he had a problem with charlemagne and you could just tell like you know if you've never been to the breakfast club you know there's a glass that we can see you that you got to wait before we you know bring you in and we looking through the glass and we just see him rocking back and forth so we knew what it was gonna be and then when he came in the room he was already huffing and puffing so i don't know if you heard but i'm like yo start the camera start the cameras because you know we want to tape everything and that's when he's you know he came with the you know you finish are you done and you know it was and people were like are you scared nobody was scared because the people he came with with new york people that was my peoples not the funniest part of the whole situation he afterwards he's like he's like all right all right buck oh dude like it was like it was like it was quick buck was the dude that was standing behind me they used to be with biggie that was you know holding birdman down but that's my guy so it's not like i'm worried that oh my god you know that's my like that's my guy like you know and then of course when you know when i brought the defeat the team up there like because people are not used to getting literacy on the radio so when i got so many people talking about thank you i fixed my credit or i was able to get a loan or i heard what what caesar said or now i can you know trademark those are the biggest ones for me because we're really helping our community you know i think what's your favorite one most recent well my favorite one outside the 2015 dean we agree we agree on that hated to love that interview i think it played a major part in shifting the culture because it started the conversation the thing we interviewed ding shout out to dean he's just he's not the easiest guy to interview but he's actually a good guy in my opinion um but either you hated that interview because you felt like he was talking down to you or you loved that interview because you felt like yo finally somebody said champion he's saying damn saying that so he's talking that talk like no filter no nothing and i think a lot of financial literacy stuff started to come out after that and um to me that that interview was just amazing that was that was a dope dope dope classic that's a classic i think the most recent one that i put in my classic was the byron allen one yeah that was just super powerful because a lot of people don't even know who byron allen is yeah so to hear what he was doing it was just like this is this is incredible yeah like i'm glad that people got to see like excellence and finally put a forefront to his name so that's my recent classic yeah yeah but now we you know it's it's so many dope interviews that's the thing it's like it's like an album like a music like it lives forever now i'm saying like the interview and of course i think our interview was dope too check it out we're gonna put that shameless plug check that out check that out if you haven't watched the internet couple guys talking about financing on there man check that out man we're gonna start a new club too i'm gonna put this out there because i know y'all like kind of getting into stocks so i told matt we're gonna start a new club like jay at the 40 40 club we're gonna do the a thousand shares 100 doors club okay that's gonna be our new thing like i know you already passed it and you i'm in a hundred dollars yeah yeah i'm not in the stocks so we're gonna get there that's what [Laughter] that's gonna be the new club y'all there you go oh man okay and he was like yo if this don't work i'll get your money back joe's like what he said what do you think the funny thing about you know your friends because joe joe used to be a good friend of mine when i first started getting into real estate i called all my friends i called fab i called clue i called joe joe was i called y'all joe i'm doing real estate you know let me help you invest some money you know this daddy danielle he was like that's a scam you're going to jail i said it ain't no scam [ __ ] i said i'll break it down nope nope i wanna hear it i don't wanna hear it yeah i just thought that was a good old day i spoke to him today i had a dope conversation so shout out to revolt man they doing anything over there they got a whole new team young young people that's really intact with the culture daddy gonna reach out to y'all soon yeah you heard that when i started seeing when i started we started leaving comments he's just testing he's just testing the water right now okay so you've been paying attention to me okay that's diddy he did it about three times we've been counting fourth time black history was the favorite guest that you had on was the dick gregory claude anderson that you think everybody should check out as we wrap up black history oh the honorable lewis farrakhan yeah that was a good one too that was that was a great one and the reason i thought that was great is because at first i didn't want to do the interview just you you hear things about farrakhan growing up and he's you know they say he's a you know he spews hate and ever and yada yada ya and i wasn't too sure you know i mean but having a great conversation with that brother really enlightened me and really changed my views on some of the things that he's doing and some of the things that he's trying to do for our community and i just thought that was a great interview so shout out to uh to all the brothers out there especially the honourable louis ferrico yeah yeah that's a fact um all right let me let me wrap this up before we do ewl university we got um a class on wednesday for cryptocurrency how to get started in cryptocurrency crypto101 everybody's talking about bitcoin everybody's talking about that eight o'clock on youtube check us out once a month we do open enrollment which is classes open to the public for eylu check us out wednesday at eight o'clock eastern standard time on youtube it's gonna be a big one crypto um and then tomorrow we got garyvee back to back back to back back to back y'all running the table no we're running it up man 96 bulls running it up we got gary v tomorrow so make sure you check that out that's a legendary episode um and yeah man we just gonna keep it keep it going uh i want to give these guys the last word so ian i see you got the nice manicure by the way man you really out here we call him ghost what would you like to tell the people in um i appreciate you guys uh stock club call tomorrow at uh 3 p.m central sniper call at 1 30. um red panda family i love you my family i love you thank you guys for being here longtime fans of both of you uh thank you guys for making up and running the table up for real you know what i was just thinking to what i want to do and maybe we could plan this out but i think it'd be dope if we all come together and we take one of your listeners one of your viewers and we get them and we help them actually buy their first house from the whole step like fix their credit you know we get them lending i don't know if matt does it anymore because matt's a star now but give him some type of lending and you know really get him a two-family house so they can live on the floor and then actually you know get rent so they live rent free i think we should teach somebody how to do it and kind of tape it not some people can see that we got documented the journey involved as well so they said we could really see it i think that'll be dope yeah i do real estate in um like canada at all there's a brother out there that does a lot of real estate out there and uh what's the [ __ ] name of that company toronto kitchen can't remember it but yeah he does a lot of stuff and we'll come down there to mess with him we should do two if you're interested maybe a seminar live podcast event because we was on we was actually on tour had it there before too and uh we we was on uh before copenhagen was going through three international spots london toronto and ghana um we got a real big international presence it's crazy um like we had the top of the charts in like all the caribbean dominican republic be number one dr jamaica so um yeah man if you guys are interested we could do a joint event too that would be hard because i think we bring a whole different perspective as far as like the stocks and you know crypto and all that stuff and combine that with real estate which they shouldn't be separated anyway 19 000 units uh doors it's like everybody that'll be prepared together that'd be big let's do it yeah man yeah yeah which what you guys what do you guys want to talk about before we end uh the book will be available for sale on uh friday everybody go support my brother that's a fire cover too who your barber flipping keys well uh pretty much you know it's my story how i started what you don't see on instagram and we're you know pretty much where i am today if i did it i believe that anybody else could do it right i'm not book smart i'm just i'm pretty much good with numbers and i'm street smart and i am where i am uh you know because of my beginnings so if you want to know more about how everything started it's available on barnes and noble amazon on friday he's too humble go buy my guy's book go buy the book yeah well please buy it you know i definitely want you to buy it you know uh definitely man you know like i said you know i'm just a regular street guy uh you know there's a lot of us out there and hopefully my story will inspire more of us to change our ways and be successful and we beg you guys i know it's a pandemic right now uh i know a lot of you guys are home so i'm you know i'm telling people this those pair of sneakers that you got that's in the back of the closet you're not gonna wear take it to go take it to stockx get rid of them sell them get the money and throw it in some stocks just just throw it in some stocks and if you lose it hey you somebody's gonna call them sneakers anyway you know what i mean so just use that or if that belt that you got that gooch you got your recom your refund check come in invest in some real estate act like that money doesn't even exist if you win it's like yes if you're not you're gonna [ __ ] that money off in the club anyway so i'm begging y'all if you got a little a couple of sneakers in the back of the closet get rid of them shits on stockx throw some money in the stock market like he said earlier you know think of some stocks that you use around the house whether you use tide you use dawn to wash your ass you don't put in dawn you dove you know you use apple invested some things that'll make you some money and you know and when this pandemic is really over you'll have some extra bread and then you can go buy more sneakers or go buy another property buy another car just please do that and i want to see you guys at our seminar march 14th like i said i think there's less than 200 tickets left we it's not that many people because capacity is only 30 percent we want to see y'all and yeah we'd love to go on on the road and do some stuff together just one more thing right the craziest thing about the pandemic right the government flooded everybody with money right extra cash unemployment whatever right so at that point you're like oh my god you know i got to save my money right and there's no district the close you can go to the clubs right you can't really spend your money but then stores open back up right and you go to i was traveling a lot for the pandemic me and my wife we didn't care right we were all the country still doing the same thing that we're doing and every place we will go to whether it be atlanta florida california wherever it was we'll go to the mall and you will see lines at gucci at louisiana houston right and crazy all these stores right and it's people like us now you're getting these extra dollars you can't spend them in the club or at the strip club or here but you're still taking your money not investing it and buying things that as soon as you walk out the store they're not worth anything so you know it's kind of sad man you know and i hope that by you know shows like this what we're doing what we're doing together people will actually learn and learn how to invest their money because if your money doesn't grow then it doesn't matter yeah and uh you know before we go same thing we say every week reach out text somebody call somebody you never know what one phone call what one conversation can do to distract you somebody's life um i'm sure that somebody's taking that advice and actually have done that so keep doing that uh we love you and before we go before we go last week we said there was janet's birthday but this saturday we got a big birthday the biggest we got the big birthday my brother's birthday is saturday everybody in the chat show them some love my brother is turning one yeah and we show uh we are very blessed to see him have another year we love you rashad i'm speaking for the entire team because the team is in yeah i can't see it no justin labour i don't know where his issue is yeah he got hurt by pisces it's uh it's our birthday week y'all we we uh we're gonna do some some some nice things man so uh shout out to everybody blow his phone up tell him happy birthday it's saturday uh so we'll see y'all on wednesday again but i just some of the market mondays fans you might forget wednesday but don't forget it birthday saturday shoddy we love you bro appreciate that brother all right guys thank you for rocking with us we'll see you next week peace great show gentlemen

Channel: Earn Your Leisure

Views: 153,110

Rating: 4.9725041 out of 5

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Id: BRTCzDCrgjM

Length: 112min 5sec (6725 seconds)

Published: Mon Feb 22 2021