How To Fund Your Freedom - David, Ramel, Derek & Smitty #359

I I want to have like a conversation about Building Wealth and some people uh maybe don't understand the value of real estate used to my long-term wealth my dad instilled that in me when I was young because he worked 30 years and he retired he had to go pick up another job so that was my motivation growing up like damn you know I seen you work 50 60 hours retired now you got to get a part-time job so I'm thinking when I turn that age everything I'm doing now need to be taken care of me but there there are scenarios where someone is literally a decision away from getting access to thirty thousand dollars hell yeah yeah that's how I changed my mind that's how I started whatever all the things I started I didn't really have no money I had to use this route to be able to get access to all the money I needed to start my businesses uh if I didn't have credit I don't believe I be successful as I am or make it to where I am if I don't use credit I I don't think I can raise the capital to do so because how long would it take someone to save 50 000 in a regular lifetime without credit you also too are going to make money while you're spending money too I like that concept too instead of spending cash and we spend money on five credit cards what do we get cash back rewards points everybody like to travel everybody like to make money when we spend the money I would rather make money while we spending money instead of making nothing off every dollar we spend it's funny you said that right so you understand you know that Banks only make money by lending money that's how they make money right so they're getting taking all our money and then they're lending to someone else for a higher percent they're giving us pennies all right welcome to the social proof podcast best podcast in the world I'm about to start running ads too and I need your idea because y'all are um y'all are like very very good at what you do y'all Market at all yeah you're marketing yeah this is what I was thinking actually Trey is working on it right now I want to have ads that say like social proof podcasts the worst podcast in the world or name three podcasts that are that are better than social proof podcasts or something like that picture like it's going to drive yeah I mean not just words not just words yeah that like leads them to the product makes them try to I like the work the worst thing is I like it I was about to say that I like the worst yeah yeah he's making 10 of them we're gonna run tentative joints yeah I would the worst podcast why why are they so bad yeah I'm so happy to be uh be here man um y'all to have been on the podcast just me and you Smitty uh excited to meet you um but uh actually we were talking I saw the Boon yesterday and he said he had this uh this this concept something like y'all are coming together on a concept and I thought it was so powerful because one um one of the one of the biggest things that plagued our community and entrepreneurs in general is access to Capital right where do we get money from there are people that are fighting legislation and people really um understand that people are underserved and he was like y'all coming together to one help people get funding into invest in uh other ideas and also make money helping people get funding is that right yep so we help people get funded then we tell them how to go ahead and move that to businesses hard assets and ways to make money short term and long-term wealth gotcha gotcha okay well before we get started because I got a million questions um have everybody introduce themselves so my name is Derek Boone Diaz Boon on Instagram and real estate expert in Philadelphia and also real estate coach so we help people buy properties from duplexes triplexes four units so they can go ahead and make money now and also create wealth long term gotcha all use other people's money yeah my name Ramel new worlds Mogul lifestyle underscore on Instagram known as the young Mogul commercial real estate investor credit coach and I hope entrepreneurs go out there and get started in the commercial real estate business with little to no money now strategies so you more you're more residential you focus more on Commercial effects what's better do you ever argue about it all the time well we're going to argue today yeah Kenny Smith uh from Chicago it's me to go on Instagram uh I like to teach people how to leverage the credit and the business credit to be able to leverage that star businesses and Investments uh and be able to create streams of income from creditors as well uh as different Lanes we can get into to be able to make money off of it as well gotcha so you make money how I make money uh so the first thing we do is start a funding company uh we can be able to get other people funded so you have a Funding Company yes okay gotcha so yeah leverage llc's not personal credit or just uh so you'll be able to get funded and then have a charging fee it might be the first time I ever heard somebody say that they can teach someone how to start a funding company but where is this Funding Company where's here's what I understand like where is all this money coming from that companies are so eager to give it to people who may or may not pay him back um I think they they first idea is to make money off of it uh whether somebody but got to start paying interest even though we go to route with zero percent interest for the time frame that we do have it and try to leverage it without bad interest but eventually you're going to start paying some interest which they make money off you um but it comes from the bank man uh I'd rather use somebody else's money instead of mine of course I got two things on that too yeah I want to get your philosophy so it's funny you said that right so you understand you know that Banks only make money by lending money that's how they make money right so they're getting taking all our money and then they're lending to someone else for a higher percent they're giving us pennies but on the back side I met this guy it was actually it was with Neo he's coming from Bali and I was in the AmEx Lounge right and the guy I was talking to the guy he said he went and bought um a bar out in Bali funny thing is you can't buy real estate out there you rent the land you build on top of the land so you might rent to land for 100 years but he was hold on you can't what you and buy real estate in Bali you have to rent the land and then you could build on top of land so you'll rent it for 50 years 100 years and things like that why would you not a citizen so someone can we just can't because we're not we don't live there okay I got you so smart yeah so he was telling me about that and then I said so what else do you do he said he has a collection service company so he does collect debt and I'm like okay he said but what he does is he'll go ahead and buy so you know debt collectors they're buying you somebody owe you ten thousand dollars I'll pay you a thousand to collect that ten thousand but you're just basically selling the debt over to me and still making something on the money but what he does is he'll go ahead and collect let's say for example he needs to collect a million dollars but he really just he's collecting a Million worth of dollars but he only paid 50 000 for that million he'll collect the 50 maybe 70s make a little bit of profit and he's writing off everything else as a loss because he technically was supposed to collect that money but he wrote it all off so that's possibly one of the ways to do it when he broke that dancing I was like damn that's genius that is genius he's writing all of a million dollars and only collecting enough to recoup the actual cash investment that you put in and arrest is a write-off do y'all loan people money not really no I don't know I just like if in there well family members always get so I like this with my family I literally give my family like a credit line like if you borrow 500 bucks from me and you don't pay me back I'm not lending you all money but if you pay it back I don't mind loaning your money as long as you pay me back so I literally use that with my family yeah not 500 but it's just whatever amount that you'll borrow from me if you don't pay me back dude you burnt that bridge you burnt that bridge every borrow money from me again so I'll use that strategy for real my family I like that I like that and you know the the thing is and this is again it must be a good industry but there are companies that say yo I want to give you this money and there's companies trying to work with people who have um maybe less than perfect credit but I still don't understand why that is such a big business because the chances are it's almost like the bet is that I'm not gonna get this money back you know what I mean so the fact that like y'all are teaching people how to get funding I feel like people need to hurry up before they they realize yo this is a failing business yeah you understand what I'm saying I do understand what you're saying you think you think they're gonna stop though at some point but in a way they're printing money so we just consumers that's why they love credit card debt because we just keep buying back into the account which is just the cycle the same way while they gave everybody stimulus and all that money just so they can start buying buying buying so in Philadelphia um what's out here too but sex but it's a sex on City Line evidence like a main strip in Philly Stacks never has a line when that pandemic time happened everybody was giving all that money they built an awning around the store because the line was going around the store around that time so they've given our money so people can spend spend spend spend yeah so it's just all kind of cycling through the economy yeah but so I kind of had to pay for that that's the point though that part so you got to think you also got to think like the banks like he said earlier they make money by lending out money because they that's why they want to acquire us as the customer because we put our money in the bank and now they lend it out and that's how they make money in between so let's use Chase for example right their strategy is they're going to lend out high limit credit cards so that they could hopefully get you to become a customer and open up a business account with them or checking account with them so now they get your business on that way and hooking you in on the credit card right and when they do give you a credit card you notice when you go swipe your card and you pay that little Merchant fee the bank get paid so every time you go and you spend that credit card they're getting paid as well so they want you to have this debt obviously it could go left where banks will start pulling back as they don't get paid because they got to keep their balance sheet strong but like that's there that's the whole method like put the money out we make money by giving the money out and we take it from y'all so but actually David now that I think about it um they are lowering people limits and stuff when and scarcity times in the world yeah [Music] they lowering our limits too so they are they are they there's a little pullback a little bit it's like my Apex limits was going down a little bit even though I spent a lot of money Lord they did that to everybody I don't see everybody but I would say it because you know I mean that ain't low I'm like wait I can't even why is it doing that and I literally said they launched they're lowering to Linda gotcha that's just crazy they changing it it's based upon you as as the cat as the person right so if you're not spending the amount of money that they're lend you there they're gonna take it back but if you are maxing out and spending it paying it back they're going to increase it right so it's still based upon like the activity of the person that's utilizing gotcha so there's a there's a sense of urgency to get this money that people are giving out right now right and you are teach people how to get this funding right but how do how do I prepare to get money from a bank what do I need to start because before we get into what to do with the money let's secure the money first but the securing of the money comes with some responsibility on part of the person yeah what is the what is that responsibility what happens as far as like the requirements yeah yeah so the first uh we like to get the personal credit together so you have to meet certain criterias with the banks want you to meet uh once you meet those criteria then you're eligible to be able to get access to the capital so uh that's along the lines of having nothing negative a lot of people always have like little medical bills like I only owe this I only got this little account and it's and it's like well the banks see that you're not even responsible with a hundred dollars why would we lend you out ten thousand dollars it doesn't make sense like your cousin yeah yeah so so make sure make sure everything's a clean slate no negative no late payments no derogatory marginal Collections and then we also have to build it properly as well okay hold on let's back up because we're saying make sure there's no Lakes make sure there's no negatives but if I'm in a position where I have lates and I have negatives is it a rat for me it is not a wrap for you we have to take care of it though immediately and right now because it's a process uh it's not always going to be overnight that we can clean it up or get it back to you know straight but you have to go through the process gotcha so that's process of cleaning it up credit repair if you have to uh educate yourself on it because a lot of people is a little gray area with paying other people you can do it yourself if you educate yourself or there is people out here that will be able to clean it up for you just gotta pay do you help with that uh I transition more into the getting you access to the capital and now business business growth more so than just credit repair I used to do it so I started that um shout out to RPX uh but um I don't do any more gotcha so you started with credit repair and then you moved into let's just get funding let me work with the people who are in somewhat of a position to do it right who are like responsible yeah for the most part if you basically if you meet these criteria then we can get you access but otherwise I can send you to someone you know a resource of mine to be able to clean it and then you come back to me because you did credit repair yeah first so you got to understand the game just so people watching like those type of individuals don't feel left out it's a lot of ways be even without going through full credit repair that you can fix your credit like for example for me when I first started I had a 5 20 score and what some of the things you could do is like let's say if you have a collection or your late payment you could literally call up to whoever the Creditor is and just say hey look listen if I pay you this can we do a pay to delete letter so that's one of the things I did early on so I owed who did I owe I owed Sprint you know Sprint send you your last best friend bro experiencing my last bill to a different address I didn't know about it you know you pay off your bill but then it so happened it's a balance they didn't tell you about fees it was like 190. so I said look listen I give you a hundred dollars right now you take it off they were like yeah um but I said I need a letter stating that you're going to remove this so when I get that letter I'm gonna give you my card for we were literally on the phone like quicker to draw type of thing so I got the email I gave him the last four digits of card and then they removed like that and then also um when I got first got started I really said I was a real estate agent so I had to kind of become a credit repair expert to help my clients be able to get approved so I can make money one of the things that a lot of people have are they have maxed out credit cards so Herman was one client she had an Old Navy credit card that was a thousand dollars she owed 900 on it her credit score was like a 610 or it was like a 590 or something like that she put 800 in that car brought it down to 100 brought her utilization all the way down to 10 her score went up 100 points dang cause she only had one card so that one card messed the whole thing up when you got 10 different cars then it's it fluctuates she had one card and that literally jumped up so put it in this perspective she was able to become a homeowner for paying 800 so sometimes it's not even full-blown credit repair sometimes like paying down one of your your 500 card down to 50 or calling the credit and say look listen I remember my barber did this he owed somebody four thousand he called him right on the floor I told him he did it while he's cut my hair he said I got 2 000 right now he took it took it right off his report 30 days later it wasn't showing them and the name of the letter is pay to delete pay to delete yeah so get a paid to delete letter okay that's good so you get full-blown credit repair but you know just for people that's listening like that's one of two ways you could do it just on your own today yeah yeah because there's there are some people who are like really in the mud like yeah you just you gotta talk yeah somebody like don't talk to me either you need to fix some other stuff I was working at the Cheesecake Factory I didn't have a whole lot of money but I was just like like mildly irresponsible you know what I mean and I just need to pay it you know I was just paying minimum so that's some good information what are you saying I was gonna add them to that right because it just comes down to like education number one right so simple as get on the phone if you look at all three of your credit reports so you got experience Equifax TransUnion by law everything on those credit reports should be the same it should be accurate right so if your address is not this they might have one two three main role on Experian but on Equifax a 123 Main Street if that's not if that doesn't match up you need to dispute it and get it updated right um You may have a collection with Sprint and it says June of 2012 but on TransUnion it says May of 2014 so just looking at your credit report and making sure that it's accurate because the creditors don't always report the information the right way so just as simple look at your report get on the phone call them up and have those conversations you could just start repairing your credit that way before you go and pay somebody thousands of dollars gotcha gotcha so you help people get funded your uh in commercial real estate to help people in commercial real estate you're in residential and help people with residential how did this collaboration come about because I'm very interested in that man and it's beautiful to see that people are actually collaborating like you can have your own program teaching people everybody can have their own but how do we come together um so how this all came about me and him had did stuff in the past a while ago and it works so well like I'm bigger I don't care how much money you make I don't care all the big things you do we're not sinking we're not sinking me and him just did a live and it just flowed like Styles and kissed it just was clicking then we did a class and it was clicking even more and then the Fulfillment on the class it we was just a line so it just we just like let's keep this going yeah she's loose yeah damn yeah but and then we kind of just got brought him in and it was just like it was a line and two just flowing so that's how he put it together but I love what we doing so much better than anybody else and I'll stamp on that because a lot of people show people how to get funding and then it's like I got you a hundred thousand but what do I do a whole bunch of data that's what you do but now where's like it's a it's a lane go ahead and get funded then you can get in a residential real estate maybe make 30 40 50 Grand but then you can transition flip that 50 Grand into you know a storage facility or something commercial so it's like a train to stop in the different stops as long as you just stay on you're good gotcha so what's your perspective on collaboration I think more people need to collaborate oh yeah um I love collaboration it could go left and right because you got to have the same moral rules and it values and ethics so you know I've done Partnerships where you just don't we don't have the same morals and ethics on how we think about things but I think what works for us us is not about the money it's more about the impact and when we did our live and we did our class together we sing we showed up because we wanted to impact it wasn't hey bro where you at you know how much time did you put in or how much money do you have to invest in this is about you know did we get the results do we got the testimonials are they happy with the service that we provided and then it was less work all right so we did four classes I did two unit two versus when I did my own thing I got to do all four I got to manage the back end I gotta is a lot of pressure on one person versus having somebody okay we could relieve the stress and um you know you make more money doing it that way and it is less work you're listening to this podcast right now but there are a bunch of people like you that will be listening to your podcast right now the only reason you haven't launched your own podcast because you didn't know how you don't know the tools you don't know what type of camera you need you don't know what type of microphones you need you haven't figured out how the heck did somebody monetize a podcast you don't know how to get your videos to look crisp and clean like the ones that go viral every single day on your timeline the only reason you haven't started your podcast is because no one sat down and taught you how to do it well July 30th and 31st we're doing just that podcastsummit.com the podcast Summit is the premiere podcasting event for all people who are wanting to start a podcast people who have a podcast or people that are already scaling their podcast and they're trying to take it to another level who's going to be there myself is going to be there my co-host Donnie Wiggins will be there teaching business of podcasting we have earn your leisure who started with cell phones at a kitchen table now building an eight-figure empire we got Angela Yee coming down from New York to teach the game she has a legend in the industry and we have many many more speakers coming okay so listen wherever you are in your journey whether you haven't started yet and you just got an idea or you're already getting some traction five six figures but you're trying to take it to the next level you need to be there we got three different tracks for the beginner and the scaler go to podcastsummit.com podcastsummit.com and secure your seat right now the Affleck what's your perspective on collaboration I like it I think it helps a lot of more people at once and uh give somebody a view of that they can be able to do that too and they have to like some people may not see it you know I mean especially where I'm from people don't see stuff like this uh especially when it comes to putting our minds together and be able to create something like this so I think it's good for people to see it you know if they can be able to do it themselves too and I think we can hit more people being able to do it in collaboration Style just by ourselves those are all really uh good politically correct answers but there has to be some sort of apprehension with collaboration the one we've all seen people change with money we've seen some people have like some sort of ego complex we always have to consider that someone's gonna do something um not extremely ethical especially when he's involved I think it comes down to not being so quick to say yes and be a little Reserve like for me I'm a little reserved like for example he reached out to me to collab and I was a little reserved and so we probably talked and the DMS probably I don't know how many times before I actually gave my number and we finally got on the phone to talk because I was just like I got to fill you out a little bit because he could have came to me with a 10 million dollar check like no I still got to fill you out a little bit more and vice versa so I think one of the ways to help prevent that is the vetting process a little bit more like even like in real estate you got to vet the tenant before oh you got first lesson security I'll bring you in nah let's vet you out before a little bit let's fill you out what's your background was this with this sometimes you might even check out their place that they're living at to see how that looks really yeah so all those things play a factor before you just say oh that's collab let's collab and I think also setting clear expectations so all three of us we get on Zoom calls or three ways face times like yo this is the plan this is the this is the long-term goal so we plan on doing this throughout the year are you with it or not if you're not with it all right this is the percentage are you with it or not yo this is the this is the plan this is the game plan yo what you want to do isn't really morally ethical I'm not with if you're not with that then it's just not going I think just setting it real clear there are always things can creep through the cracks when money money comes into play but like I think eighty percent of it could be covered by having those type of convos got you have a contract when we first when we first did it it was just like yo let's just do it yeah off trust so how do you feel about not having a contract I mean I trust him for the most part but I see how long have you known him uh let me see I think mortgage like two I don't know a year and a half to you I think Boone probably here only reason I'm having this conversation is I'm always thinking of the viewers and I think what you guys are doing is amazing but so for instance me and what my wife do is amazing like we have a great relationship but I'll say something and then we'll argue about the thing that I said because she thinks I said one thing I think I said another thing and it's not on paper so like I really wish there was like a what's it called a stenographer it's a flip what's it called I so wish because I'm like yo you were in the conversation we talked about and it was different so for the viewers like when we start putting these collaborations together because I think it doesn't work more than it does work and especially I think what's also awesome is y'all all have your own individual businesses so I just wanted to like just out of curiosity so just for the record we actually putting a concert together right now like it'd probably be done like tomorrow isn't reviewed yeah yeah so I got you so before y'all okay I got you so we we learned from someone else and we said look even though we already got some steam it's not hurting anything to stop and put something together real fast so just to for the sake of conversation we are putting something together right now but the previous stuff we just was let's just run it yeah another question all y'all have your own individual businesses that are doing well how do we pull away from our own corporations that we're working on to nurture this particular baby right like we're putting a tour together right now and it's it's really really tough because everybody got their own life in their own business and then we got to come in and check in the chat hey what's going on with this business right but you know somebody might be super distracted like yo come on we supposed to do this thing right so how do y'all manage that so like so what right now the biggest thing what we're doing that we brought in a mentor that is also bringing in finance department marketing department admin right so now instead of us having to do a lot of heavy lifting in this partnership we now have someone else that could come in and do all the checks and balances because before like when we was doing it we was doing all myself and it was crazy like that you know I got my webinar I got this business I got to go on this appointment and then we trying to show up this and you can't give your all to everything so what we're doing now with this new project we do have you know I'm into it coming in here and I'm giving a certain resources to make sure that they run all the backing on it gotcha okay anything to say on that [Music] I got you um all right so the the uh I I want to have like a conversation about Building Wealth and some people uh maybe don't understand the value of Real Estate and I know Romel you don't do like traditional real estate where it's like a I got a building a retail building then I fill it up with tenants well I guess you do like the storage units right but like I want to talk about like the the psychology behind long-term wealth because I'm just now getting into the understanding of it's better to buy and hold and get some cash flow going versus let me just find something that I can flip it the more I can make on the flip the better but it's not always better like long term so how did we start turning our mindset to thinking long term so for me for me and so I got two or three things so for me I would start out doing sales so I was a wholesale and I was a real estate agent so I was really staging first and I was wholesale one month this was pissed me off I had about 67 the exact number 67 000 I was supposed to make him profit between three different deals and they all terminated at the same time all at the same time and this was my birthday month so it was just like super pissed off so I the idea of starting back over all over again in January was just it just I didn't it just didn't sit right for me especially you know say new year new res like you starting off like damn I gotta start off all over again so that was the idea that made the switch for me like I need to start getting like more properties the whole rentals and things like that and then also one of the things that also helped me get started was um I was listening to this this podcast and the guy was on the podcast he said what he did was he bought two properties for his daughter he said one property she can sell it to to pay for college she could sell it to go ahead and start her business and the second problem is she can move into it or she could sell it about all she really wants he bought them properties super cheap but by the time she turned 18 they paid down and the value is so crazy where she's able to do that but just like the idea of me buying two houses can set up all of that long term is is just amazing and then the last thing with long-term wealth you can literally dip into the same power over and over again so for example I bought a property in 2021 I bought it for 193 000 I actually own two of these on the same block um across the street from each other I bought a prop one of them I bought for 193 I put 45 let's say 50 000 into it update and everything's a Triplex I ran out each unit for 12.50 a unit right I refinanced the building so I put a loan on it for 380 and I pulled out a hundred and something Grand right so now my loan is 380. but the value went up even more and now I'm actually selling the building like right now we're going to be closing in the next three weeks I'm selling it for 485 so now my loan amount is 370 something so 485 minus three so basically and you already pulled out a hundred tax free that I used to go ahead and buy across the street which is worth 550 and I only owe 280 on that building damn so now between two bills I could pull out 200 300 Grand between two but less than two years so long term I can go and dip in and if I didn't even want to sell it I could just refine again pull the only thing is you got to watch your cash flow the higher mortgage the higher the the um the higher the loan amount the higher monthly mortgage payment so you just got to be mindful with that so a lot of people say a refile pour the money out but then if you can't you got to try a place you cash on 200 like that don't really like a waste of time you up are you up up no we just how many problems you got we got we got 17 18 properties some of them single families some of them duplex and traffic so total we got about 39 units and then I got a bunch of lots too yeah 39 doors you buy lots too yeah hell yeah yeah we about to start building on three three lots next month all the way up how much money you use on these deals on you like on your you're at a cab out of pocket so so the thing is with that is it's two I had I'd use other people's money as far as like so I use lenders for 80 of my deals and then they require a 20 down payment so I might need twenty thousand thirty thousand fifteen thousand dollars on some of them which I'll just use a credit card but I'm not gonna lie my um one of my business partner tell me like I'll just be moving too fast sometimes so some of the deals like some of the bigger deals I do I might need 70 80 grand down payment things like that and let's say for example all my bills is off market so I don't use real estate agents so with that being said some of the sellers we need like it might be issues or something we got to do it fast Linda's like my lender we can close same week so like I get to do a Monday title might be back already whatever the reason is we can move fast like my let's say we need seventy thousand eighty thousand let's just drop it let's just drop it let's keep it keep it pushing my partner he's like nah like you tripping like if if you can't delay it it ain't worth it but I'm looking at the bigger picture like this is an amazing deal like just give them 80 grand let's keep pushing so a lot of my stuff I use lenders and then the other little 20 piece I use credit cards but some of them I'll just like let's just describe it like we'll figure this out later gotcha I'm not I'm not like that no more but that was like last year so you know residential is way better than commercial bro I don't know about that no he got some I got I got I got three commercial Builders too that I'm starting to like so he he kind of helped me all right yeah well three like that that commercial makes you so the store for us on the first floor in apartments upstairs but I like the commercials yeah I got three three yeah commercial real estate man uh because I it it really actually actually as I get deeper into commercial real estate um it seems less headache but less lucrative than getting a whole bunch of residential no uh no see um like my brother we always say become more effective in less time right so what it takes up would it take somebody to do 30 years I want to do an intent and then back like to the questions that you so you talking about long-term wealth my dad instilled that in me when I was young because he worked 30 years and he retired he had to go pick up another job so that was my motivation growing up like damn you know I seen you work 50 60 hours retired now you got to get a part-time job so I'm thinking when I turn that age everything I'm doing now need to be taking care of me so I'm investing with the mindset of all right what I'm doing now what it's going to look like 10 15 20 years from now right so with that being said buying commercial real estate one acquisition like I don't need to buy 10 15 20 houses I'm spending my wheels right I want to spend time with my families all I need is one move and I can maximize that one move and get back the value that it would probably took me to get five ten single families now I started out that way I'm not going bash it because it was a lower entry you know lower barrier to entry but now with more experience more capital and more understanding commercial for me because like so this is this is commercial building right so you got multiple streams coming out of here you know you're renting out you know difference but you know the the revenue that you're bringing out of this building that increases the value of your facility I mean of your building right because you're bringing more income so I'd rather focus on one building how could I make the most money out of this one building and get the money that way versus let me go buy another house is it easier to get residential houses or the same process it's easier because it's more it's more homes out there there's more people that's in distressed situations a little tougher to find great commercial deals but again for me I'd rather spend a little bit more time on the commercial even though take a little longer because when I do hit a home run it's gonna take it's gonna make up for if I in that time I went and got three four singles how's the storage units doing amazing especially especially in this climate right now really yeah wow what do you mean when you doing commercial like five units are over now you can go into more of an income approach with me a duplex a Triplex stuff like that it gotta go off of cops like what did this duplex sell for to make mine's worth this he can go into a 10 unit building and then now he can just raise the rents fifty dollars so now the value of the building go up some more gotcha yeah yes yes I wanted to break that down my brother bro I appreciate you so the value of commercial the value of residential real estate from hearing you is quote unquote capped depending on what the the you're half a mile radius you know a quarter mile radius what is going sometimes they'll stretch out a little further for like maybe like a four unit they just can't find no four unit building in that couple blocks they sometimes stretch it but it's pretty much kept he can raise the rents and then everything's great and if you think like right now so single families the market is lower because interest rates are higher so people are not paying that same price because I buy a house for 200 000 out of three percent interest rate my monthly payment is way lower versus 200 000 out of seven percent interest rate my monthly payment is higher so now you know we're not paying the same price for single families the next property up the street that you're looking to sell it now you got to sell it at a cheaper price because over here so that a cheaper price but guess what when the on the commercial side because everybody's you know relocating evictions is happening is a demand on apartments because I can't afford the big house right now it's tight interest rates is crazy well guess what I'm increasing my rents because it's a demand you can't go nowhere else and as I increase the rents like you said that increased the value of the building but yeah that's about to go okay for people like David let's say he want to go and buy a house you said that now interest rate is higher that means it's problems for the homeowner right so now if you're trying to sell out right now when interest rates are high people don't buy as much this is what it is a lot of lenders are not getting as many mortgage applications or refi applications because the interest rates are higher right so when when interest rates are higher people don't buy as much when people don't buy as much what do people do when a house is on the market a lowercase price exactly when the price is lower what can people like all of us do cheaper I just had a mentee they just closing the property they went at 80 000 for the house he just got it for fifty Seven fifty eight thousand dollars mind you he only has to put down floors paint and change the kitchen but it's already worth which is like 20 grand he's spending what I talked with the lender for him and we got it up to 30. so he's gonna make a quick 10 in between but now the house is worth 130. so now you can go into these cheaper deals and pick them up even cheaper and then you could do something in 30 days make 10 quick 20 30 grand 25 000 in between and 30 well total will be 60 days so now is a good time to go in and get these quick pops in and out like hold on that money bring it back to my brother and now you can go in and stack that money to go into the bigger place so this is the market to go make the in-between moves stack that cash up 2024 go right honestly 2024 later on this year then dump it right back into the bigger stuff gotcha so if I don't have the money or even the 20 is that where you come in with the funding yeah you need 15 grand boom yeah because you're gonna need something most people are in a position where they don't have access to the capital for the most part that's from what I know sixty three percent of people y'all saying that I can not have any maybe not well any money I can say for instance there's a hundred thousand dollar building and the bank is requiring me to put down 20 which is twenty thousand dollars it's gonna be a great investment if I need twenty thousand dollars which is the twenty percent of the purchase price I can come to you and get twenty thousand dollars yes you're coming to get twenty thousand dollars I would rather you well would you I ask you would you rather spend somebody else's money instead of your money if I if I said David all right I got twenty thousand dollars just give me back two hundred dollars a month and I'll let you borrow twenty thousand would you say yes to that kind of depends bro and I said and I said I'll give it to you for zero percent interest for 12 months but why would you do that because that's what the bank does so take advantage of it you're thinking that you're gonna mess up and not make to hear that money back in a year and then your interest rate go to twenty percent thirty percent yeah on the credit card is the strategy they've been against you so the strategy for the bank is betting against you in terms of they're saying I give you zero percent interest for 12 months but I'm betting that in 12 months you'll still owe me money for the most part and some people getting that predicament but you gotta be smart and make quicker plays but you also you also too are gonna make money while you're spending money too I like that concept too instead of spending cash and we spend one of our credit cards what do we get cash back rewards points everybody like to travel everybody like to make money when we spending money I would rather make money while we spending money instead of making nothing off every dollar we spend that makes sense so let's say my my I pay my bills credit's good what okay give me like the the three most important things that you need to guarantee well you can't guarantee I'm not going to say guarantee on this podcast but uh you're getting pretty much ensure it's a good possibility that you'll be able to get them 20 30 grand to invest and is this on a credit card that you gotta like liquidate and then go buy this property so for the most part it's just really two things it's a properly structured LLC because a lot of people structure their businesses improper uh and it's the requirements on the personal side so once you meet the 680 to a 700 credit score no negatives a built mixture of credit report because a lot of people do that wrong as well um it's it's literally those two components um and then we Goods I mean you said for credit cards and Loans uh I typically don't even go for loans I literally go directly to credit cards because because it's easier to get approved if you want to get a 200 000 loan that you want documentation you want tax return you want bank statements or check steps something like that I can go in the bank and get 200 000 uh over small increments with no documentation you know no paycheck steps no tax return and most people are not in position where their business has been open two years so if your business haven't opened two years you don't have no tax return you don't have no bank statements and all that stuff now you have an entry level where is you can get the money at a quicker fat you know quicker fashion I want to pull this up real quick and um actually my own the person he was talking about was actually here and it was really really funny Let me show let me uh find this real quick okay so I want to hear your response to this so Kevin on stage made a video and there's what he said let me show let me let you listen to it it says you can start your LLC you get your free EIN number and walk into the bank and get thirty thousand dollars without any documentation yes you can if you have a gun and you rob the bank I don't think you'll get thirty thousand dollars but you'll probably get three thousand and go to jail anything other than that it's not possible I'm sorry guys we have to work we have to work what say you he said he said it's not like he said with your EIN only well so this I'm gonna tell you what Lexa this is what Lex said I'm sure I'll tell you one more time this lady said you can start your LLC free Ein [Music] um he's only mentioning you getting the LLC in the EIN number which a hundred percent he's right that you can't go get 30 000. I'm saying to leverage the personal with the LLC now that's a whole different ball game I can start myself yeah I think that's what she was saying yeah yeah I can I can start my LLC two days ago uh and be able to still get access to 50K 100 000 by leveraging my personal side so it's personal guarantor you're going to bank they ask you to personal guarantor meaning we can pull your personal credit to see how good it is but we're gonna approve you for this amount your business side to be able to get you the money so then uh it also only reports on the business side so we don't have to worry about if it's gonna report on our personal side which we like that that's why we love the word business credit so much because we can leverage the business to do it it's going to report on our business side and we don't have to so much worry about utilization though uh so on personal side when we start you know maxing out our credit cards credit score go down we can't get access to no more money we leverage the business side when we get approved for the business credit cards to invest that money so that now we can continue to either get access to more capital and continue to keep investing so Kev is wrong uh and his assumption to what he says we just yeah because I think she's saying the same thing I mean obviously she's like yo you can start it obviously there's like more stuff to it like you actually little pieces yeah you got to find a bank maybe one of them denies but you got to find a bank you gotta actually bring you have to have something you have to have good credit you feel me they're not giving a bum off the street yeah it's 30 000 right so right but there there are scenarios where someone is literally a decision away from getting access to thirty thousand dollars hell yeah yeah that's how I changed my life that's how I started whatever all the things I started I didn't really have no money I had to use this route to be able to get access to all the money I needed to start my businesses uh if I didn't have credit I don't believe I successful as I am or make it to where I am if I don't use credit I don't think I can raise the capital to do so because how long would it take someone to save 50 000 in a regular lifetime without credit uh some people never even come up taking 20 an hour you're working eight hours a day yeah 40 hours a week and you still got rent you got mortgage you got car note you got insurance you got all that stuff you making forty thousand dollars a year how the hell you're gonna save 50 Grand a year it's almost impossible I don't even matter it's impossible stuff pisses me off just just save and buy it the regular way no so basically saying chalk your wealth push your wealth all the way back because you you're telling me that you feel some type of way that I want to do it uh a smarter way easier way a more creative way but that doesn't sit right with you so you're telling me to stop and push it back the math don't laugh you make 40 Grand a year before taxes and then you got all your your responsibilities and then I need 50 Grand to go and buy this house [Music] for everybody that's listening right because I'm on Instagram and I get a lot of pushback with because I teach you how to buy commercial real estate with no money down strategies right no money down yeah and they feel like that's not true no money down you know not true it's not true so obviously you have to put money down but it doesn't have to be money from you so I want to break down exact situation that I did so that everybody could come and get the picture and literally utilize all of our strategies all right so a couple years ago I was supposed to 2020 right I went and purchased the property well I got a property on the contract single famous it was a single family property like like boom last time I was on the podcast I talked about the family Legacy meeting right all that cool stuff so have my family Legacy meeting try to see who else around me has good credit so my cousin who's a correction officer he worked 40 60 hours a week know nothing about credit real estate or anything but he has 800 credit score didn't know it right he didn't even know it he didn't know it he just paid his bills on time he's a responsible person but now that I expose him to the opportunity of investing how he could make money passively he's interested so I put him on my LLC on an operating agreement as a member and got him forty five thousand dollars in 24 hours whoa hold on hold on hold on hold on [Music] you have an LLC that's been in business obviously over two years correct so you can take someone and put them on your operating degree operating agreement yep is it is it still considered a business owner a personal loan it's a business credit card so I got him a Chase business credit card 45 000. so he got a Chase business credit card 45 000 simply by you putting him on your LLC because now it looks like it's been his business for however long correct and now he's got a business credit card and he still with nothing just 800 credit score and putting him on the business he has no prior knowledge of anything so I'm sharing that because this could be somebody who as long as you obviously have the information but it doesn't stop there right so forty five thousand dollars I found a property we got under contract we leverage hard money only had to come to the table with about twelve thousand dollars right playing The Leverage hard money so hard money you find a property They're Gonna Give You seventy percent loan to value right so as long as you get the property on the contract at the right price they'll give you as much money as possible and you just got to cover closing costs so I had to come to the table with about eight thousand dollars so hard money is is a these lenders that give out money to buy real estate yeah right so so I go to my cousin now I could have put the 8 000 out of my own pocket but I went to my cousin to say have him invest because I want him to be a believer now that I got him 45 000. but I'm sharing this because at this point I still haven't used any of my own money right I put him on my business forty five thousand dollar Chase credit card got the property on the contract 8 000 is the down payment so you pulled the the money off the credit card 45 000 and put it down into down payment to contract the property eight thousand out of the forty five correct and then that's we took off extra thirty thousand to float the construction because I have to pay the contract is to I say so yeah max out the car you max out the car but with the Chase card they give you cash back and rewards so when you spend over fifteen thousand dollars in three months they give you 70 750 back cash back okay so because we maxed up the cars 750 cash back that covered the minimum payment for a couple months so now you got no minimum payment because he leverage the cash back we bought a property fix it up sold the property made 100 120 000 profit profit right so now the 120 000 profit pay off the credit card that forty five thousand dollars back and gave him twenty percent return on his money back to his pocket so he's none of his own money and got paid passively and I just did a deal no money out of my pocket right now don't stop this right because yeah we thinking long term so I did this back in 2020 right um so now the probably had about seventy eighty thousand dollars that I was able to now take and I put it into a life insurance policy because you got to pay taxed on capital gains I didn't want to do that at the time so I put into a life insurance policy that grows compound interest right so that eighty thousand dollars that I put in the life insurance policy it grew to about a hundred and sixteen thousand where I got three facilities three storage facilities right now in the contract and my down payment on that is ninety five thousand dollars boom I borrowed the money off my life insurance and that's my down payment on the three facilities so now none of my own money but I started with this I started with a credit card getting my cousin on board with my LLC going to get in this single family flipping it turning it into three storage facilities that's generating twenty thousand dollars a month so 24 hours to short term the long term plus the money that I borrowed from the from the life insurance policies my down payment is still growing because it's in the policy to get compound interest so I'm still making money on that money and that's another strategy as far as like refi what I plan to do later on with the facility to put the money back man then he missed the piece too what I was saying it he said Float the construction so when you hire money they give you the money to fix up the house you just have to start and they pay you back so the thirty thousand dollars he spent that month he didn't have to wait till I was sold to get that money back they wired him that money that same week yeah so the credit card got paid off way before the house even sold so for people that's worried about oh I gotta my credit card is for a couple months credit card got paid off yo all that stuff said and it's so real and it's so practical when you put it like that you know what I mean like anybody could do it you know what it really sounds like it sounds like you know the one guy he was like all right if you want to be an entrepreneur first yeah but it's it's really like if you really break down what you said anybody can do it yeah if we can start out with good credit so moral of the story is you can make millions if you pay your bills on time and we just don't know yeah I mean while I was working at the Cheesecake Factory I didn't know like I can I can just I can pay my bills and if I paid my bills people would give me money yeah if I understood what to do with the money I could start building generational wealth I have no idea or uh it's another route you can be able to uh get money off uh generating Revenue in your business too so a lot of people that make a lot of money they don't care about credit uh it's another route uh you get lending from generating Revenue so if your business David chance I don't know how much money you make perfectly you know I'll bring it if you bring it in 200 000 a month or something like that depending on depending on how much you bring in a month uh banks will lend you money based off how money you make month monthly consistently so there's lenders out here that will give you money based off if you've been making a certain amount of money per month I'll say twenty thousand dollars a month ten thousand dollars a month for a six month period of time consistently uh then they will lend you out money as well so there's other lending options uh you can use other things that's collateral um you know even uh I use my own money as collateral one time to build it up so I can get access to more money before I even had good credit too that's another route too so it's different routes I just gotta be creative you just gotta be educating yourself on different routes so what you could use wow there's two sized every coin and as a journalist it's my responsibility to ask the question of the other side because all this could go terribly wrong yes well yeah absolutely it could it has it has like you know I want to share that too because that's a great point because yes I can tell you this worked and I did it XYZ but before that happened I was in a bad deal right because I paid contractors to do a job didn't do I do do my due diligence right I bought a property on the auction and when you bought them on the auctions online is a blind cell so you're just buying them it's cheap but you don't know what you get right so I was over leveraged and again to be transparent the reason why I had to go into the family Legacy meet and leverage my cousin because I was over leveraged at the time oh because I bought I invested wrong I maxed out my credit cards I'm like damn I'm strapped but in that process I learned what I did wrong so now I said as long as because I have the information who could I pull around me that's gonna help me get back in the game and that's how I got back on trash hard and now go from it that's hard and you know something yeah [Music] I think also well two things one you have to find someone whether it's a mentor a fan friend tour Mentor have to find somebody already doing the stuff so you can learn you could me it doesn't make sense to trip if someone already walked 10 miles before you just follow their steps they already said a pothole there you go to the right a little bit but also I think you can't lose but it can be delayed so for example if you buy right so like I was telling all properties but I'm off Market we get them as cheap as humanly possible so when you buy right and buy cheap you're never going to lose even if you like borrow too much money or you know spend a little extra you thought if you bought let's say for example you plan to spend fifty thousand dollars on this property fix up end up costing you seventy thousand dollars but if you bought the house of 50 and it's worth let's just say 250 when it's all set at night even though you spend a little bit more money than you thought it's still a whole lot of room left over so what we do in our business we make sure that we get it cheap as humanly possible that way every week we call it oh [ __ ] money we can build in oh [ __ ] money within the deal so if I'm I'm factoring in a 15 contingency 20 percent control if something goes wrong we are a factor then yeah so that way if the deal goes over leverage like we're still going to make money the problem is let's say for example he says 70 loan of value so what that means if you have a property that's when everything is said enough worth a hundred thousand dollars the lender will give you up to 70 grand that means you got to buy it and fix it up within the 70. you buy it for 20 50 into it buy it for 50 put 20 into however you chop it down that's that's your max we about to do 65 percent of LG so we already under what you give so that way if the deal goes off a little bit one percent now you're one percent over we go over one percent we go over three percent we still under the math so like I think it just comes down to making sure like don't be all fast it's buying right but the only way you really gonna know that if you tapping with somebody that's telling you that information and just not be so excited I think people get so excited and just like I just wanna buy something I want to buy some older guy two minutes a long time not a long time ago like two years ago he said wrong with your generation now y'all want bios just because it looked cool it does look cool though yeah like that how you looks cool but you know but then you but then you in jams where like dang so more to bring the whole thing full circle your bag may be delayed another month or two but you're not gonna lose because you bought it right the first time now some people buy messed up and then they had the closing table getting a check for a thousand dollars or they I've seen people where it got so bad where they was negative at the closing table so yeah yeah because they bought super wrong like yo Shane said he got a deal for me in the land and like it's shins I gotta buy it like they attached your brand to the dude that's two separate things so that's stuff that I like that okay all right so I guess tell me about the uh tell me about what you guys are doing together in terms of for our people one I think this is very valuable and you guys have three different perspectives and three different expertise to help someone paint a picture on how they can make some money so tell me what it is y'all doing and how they can be involved so it's a five day challenge So within the five day challenge the first few days we're going to show you pretty much how to build up your credit profile the correct way and then get funded up to fifty thousand dollars some people may even go up to a hundred thousand dollars but we're like not guaranteeing but we'll give you the exact steps the exact blueprint the exact detail to go ahead and get fifty thousand dollars that week and then we're going to take show you exactly step by step how to find these deals cheap so you can start putting offers in on properties that week show you how to find you know commercial buildings cheap so you can put offers on that stuff that week that same week so it's amazing because it's not just showing you how to get funded or I'm just showing how to find those because if I show you how to find those then you're like where the money coming from so I'll just show you how to get money then you like well what do I do with it because my 12 months interest free it's starting my clock is ticking so we combine and all the stuff together in one powerful week to where now like our last challenge we had did we funded like 1.5 1.6 million dollars that same week and people was getting properties on the contract what you mean you you funded so we he was based we basically broke down all the banks and all the steps to go ahead and get funded gave him the information yo y'all do this when we log off this challenge it's from seven to eight when I mean eight to nine and then VIP coming earlier when they got off by the time we got on the Facebook group in the morning it's just screenshots of hey I got twenty thousand hey I got 30 they got forty thousand he got twenty three he got 30 though he got 40. he got twenty thousand like just non-stop screenshots on screenshots on screenshots so they all have like a specific how do you know how do you know who's gonna get this money because Chase can't give nobody no money like that yo yes it is they just gave somebody they just gave somebody 150 000 on One credit card or they just gave somebody else a hundred thousand dollars on One credit card you leave you just have the the credentials uh some people say that but I just seen somebody get a hundred and fifty thousand dollars on One credit card so you can go to anywhere and get this funding or do y'all have a specific he got a specific list I'll give I'll give you recommendations of banks that I would tell you to go to that I've seen consistently give you high limits out the gate you know once you meet these certain criterias and some people be scared they're like oh I'm in personal debt well my credit bad is is things that I'm gonna teach you to do uh one of the players that I'm gonna give them that I know for people that got personal debt and then the only route they can take is for them to pay that debt off to be able to get good credit to get access to the money I'm gonna teach them basically to get how to get 10 000 on a business side uh so I got to play where we go to Sam's Club so everybody knows Sam's Club they'll get stuff from wholesale and stuff like that but we can leverage them to get a ten thousand dollar business credit card strictly no no don't say nothing gray area bro no I'm not saying that they're good no I know when people start going they're like all right here's what you do ask for the manager right you get a Sam's Club card okay but you you make sure use a debit card no okay so tell me tell me to play no so we're going to Sam's Club Sam Clubs has uh a business membership but they also have what people don't know is a business MasterCard that you can use anywhere so everybody think that you probably have to only use this business Sam's Club Clark uh within Sam's Club but you don't so I could teach you how to get the ten thousand dollar business MasterCard that we can use anywhere from Sam's Club to be able to leverage that to now take that money to uh pay off on your personal size so you can pay off your personal debt and then put you down put you in a position to go get access to the money from the banks that I tell you to go get Linden from and then I'll give you any Bank that'll give you large amount of limits when we apply for them when you meet these certain criteria I'm with that transferring to balance yeah no gray a lot of this is public information too just that we have to do the research so that's why the five-day challenge is so important because we're going to show you how to do your own research right what websites to go on so you can see the top 20 Banks that's that their finances at the best you know and how much money they're giving out like I talked about Chase earlier what their strategy is so we teach you all right these Banks this is their strategy on how they acquire customers how do we use that to our advantage so yeah that's why it's just really having the information and education which is what we're gonna be breaking down um actually everybody everybody talking about this AI stuff actually I mean we can use that stuff now uh we putting into the system uh what's the best you know high limit credit cards that give you zero percent interest what's the best 10 and then now the chat it's championing for you so you did that in front of my face in in the whole world was the best tent you know I mean you ask the specific questions and it spit it out 10 banks that you can go to I I'll tell them you can go do that and that'll give you a good list you know yeah yeah uh I just noticed your shirt says Street credit no Street Credit we need business credit that's all right all right um all right thank you man I I haven't I've enjoyed this conversation I learned a lot and I get I get a chance to learn this is literally my hack the only reason I do this podcast because I get like free coaching sessions you know yeah that's the best job yeah I use you guys to pick your braids so this is good and it really uh actually while you're talking I saw a k over there just looking like wow so if y'all don't mind give Kayla a coaching session over there that's all right normally she'll normally she just be right on her computer but she stopped it was like okay so 45 just put it on the LLC I'll put you on my own seat don't worry about okay all right not really I'm just stressed okay you got great credit you do oh so you could turn up oh yeah yeah what's your credit score you want to get you want to get approved right now 7 46. you wanna get some money right now do it do it I'll get here 20 000 right now let's all just give her a cart real quick person a person hold on I want to do it on live right now she's sitting right here in 10 minutes 10 to 20 000. is there a specific uh place that you're gonna show her to go yeah I'm gonna give her one of my high limit uh Credit Unions so Credit Unions is the most lenient Banks it's gonna do a pre-approval right yeah I'm giving a pre-approval for us I go to the router pre-approved working we can they can scan it with no hard pool of course uh to see they're going scanner care report and give her a limit that they feel like they'll give her and then if they say it's approved pre-approved for twenty thousand she's in a great space let me ask this question before she gets approved um how Okay checking your credit doesn't that hurt your credit no uh we check our credits for free they don't hurt your credit what this is this is what you're probably talking about when A banks look at your credit and they want to pull it to see how good you're doing it how trustworthy you are with you what you're doing already in a hard pull it then it's going to give you a hard increase on your credit report that's when they affect your credit um but usually when we're doing a pre-approval process it's a soft pull meaning they're gonna it's like a semi scan but they're not a hard pull so you don't get affected by it doesn't get affected at all it don't get affected at all so so I want to just highlight this because if you don't want the money you don't got to take it take it yeah and it won't pull your credit so it's really just yeah okay so what would she do with this money uh it will be the crazy thing is she can do whatever she wants to do uh whatever buy a couch don't buy gas like we need to have a plan or she do need to have a plan so I like to just tell people it's okay to uh shove the money too uh you know I I shelved my money and then I went out and got the education on what I should do with the money first so I shook my money I got a hundred thousand dollars with my credit and I didn't do nothing with it because I can shove my credit cards see what loans can't shelf it you got to start paying back the monthly payment but if I got 10 credit cards with 10 000 limits on them and I shelf it I just got my 100K sitting for me for the opportunities to present things up with me to go educate myself where to put the money you know what I mean all right so we got I got uh I got four four minutes this is all right let's do this um so just I guess show her tell her where to go all right cool um yeah tell her where to go and this is this is gonna be pretty amazing I got a question for you why they do that what's up this is super random I always want to ask you why CC affected me so good huh what Cheesecake Factory menu so big like it's 20 pages I don't know Miranda pictures and everybody has to do it like every server we have to not only study and know every every item but we need to we have to know all of the ingredients in every item it's 10 pages 15 pages right stuff you have to know and it's like 10 on each page so for instance um what's one uh that I can that I can remember Steak Diane the steak diet wings I mean it's steak so it's not but so for instance let's say let's say for instance um that I'm trying to remember shrimp scampi right well it just comes with angel hair noodles and like a a scampi sauce oh got it but I'm dead there's like onions in it we have to tell them that there's onions in it because you might get it not reading it oh let me get a shrimp scampi or it's tomatoes and I think there's like tomatoes yeah there's tomatoes in it you might not read that part and then we bring you the shrimp scan but you like hold on what's that Tomatoes oh I don't like tomatoes then you got to send it back and when you send it back the company lost money yeah so it's called tour guiding so like the I don't know like the avocado egg rolls it came with like a Tamarind cashew sauce you have to let people know yo it's it got nuts in this or onions in this or it's made with you know what I mean yeah uh one of the pastas that had pancetta which is like bacon and I've had people that order it and they get it like oh what's this bacon oh I don't eat pork right and you got to send it back and that goes against us so you know it's it's a little job but you got to learn that stuff one last question for you right you getting a podcast you gonna start a podcast yeah bro you know what I actually started a podcast but I did it for Content based only it's called the funded and closed podcast and we literally I literally just have people like him him and just a lot of people that um started businesses utilizing other people's money whether whatever strategy so people watch can like do it but as long as we short when did it hit you because leaving Cheesecake Factory that like yo this is actually going to work um well I knew it was gonna work before I left Cheesecake Factory no but like when that moment like yo this is working like oh um uh Zell can you make sure somebody's at the front of something Rosie coming up um I never had that moment I didn't is she doing it let's go what happened show him this way so it's on camera is right yeah can I go up to it I don't know if you can see it um let me go try yeah go ahead go ahead to hear you so the truth here no I I have a zoom in I have a zoom right on my kid oh wow special lifetime embellishment nine thousand dollars boom he's in a one minute conversation congratulations Kayla and select your pre-qualified three of them you get it so she thinks so she can say well she can take it though if she wanted it then they're gonna take it unless you're gonna do something with the money or well she don't have to take it right now we can talk about it you know that you know the play now wait and you can always go back and do it but I'm just showing you that's how much that's and that's just one we can go actually go get 10 different ones and you see how much money you can get but that's the value so let me ask you say she gets that one she get approved for another one and then approve for another one and then approve another one on the same day we can get I'd say probably go three or four a day I wouldn't go get ten uh but if you do it's a strategic way so this is how you got to do it if you want to do it that way we got to go to Banks that's going to prove uh through Experian first and then equal facts and then TransUnion so now we're getting one inquiry in each group so we applying strategically oh oh you know which bank is going to pull from Experian first yes and another one might pull from TransUnion first yes they don't even know about each other yes yes so then if I get three different credit cards she just got proof of nine thousand years we got three different ones why you gotta do this like three different girls around the city they ain't never gonna find themselves in the same Club I'll be able to get her a hundred thousand dollars easy today yeah dang within a few days we can barely get a hundred thousand dollars easy that's that's the value and then she had she if let's just say she had zero dollars literally she can be up six figures within three days hold up real quick I know we gotta close but I want you to actually give her a play right now with the lane get for the land move right now because that 9 000 she could go back oh yeah and flip that and make some money yeah I want to I we got we gotta close it because this thing can roll yeah okay so listen uh join their challenge to tell you the story on the channel everybody how to uh how to get in touch with y'all and uh well one let everybody know how to get in touch with you all individually it didn't like their importance of jumping on got you so my Instagram is d-s-b-o-o-n-e mobile lifestyle underscore underscore Smitty the goat underscore I got you and how do like what should we do to get started how do we close our computers we can see a little bit um so all right so we need a spokesperson how do we do it so to get in a challenge all you have to do is go go to let'sfunyourfreedom.com so the whole purpose of this is so we can fund you so we can get you into businesses that's going to create freedom from the cash flow so let's fundyourfreedom.com um and we strongly recommend to go VIP because when you go VIP you're getting extra time with us extra game extra everything General Mission you're gonna get on the challenge but VIP get an extra whole hour with us just to talk X questions and we're going live answer all the questions so this is gonna be dope it's gonna be amazing powerful week yeah I love it listen man uh make sure y'all connect with these brothers I love what they doing uh I'm sure we'll have a link below somewhere if you didn't catch the uh the um the uh the spelling and all that kind of stuff we'll have it below okay but uh yeah check it out man we just don't know what we don't know one last thing I just want to pay for everybody chance to get on the challenge if you go to Alliance Credit Union a lot Alliance Federal Credit Union they'll give you ten thousand dollars like super easy but I don't say super easy I mean that's gray area but it's business credit you don't have to have a bank account you have to have a relationship with them you literally can go in there in three minutes just like that and they pull from TransUnion they used to be experienced now but they pulled from TransUnion so you got a six eight hour you're gonna go right here the car can come in three days so you can literally pay for the challenge off of that bro I really thought you was going to say I want to pay for everybody's lunch for lunch you can you know what I mean all right give me a favor after your meeting yeah do me a favor just um go to that website get the car use that card and pay for our lunch bro come on Hold Us Down I do this uh it's been an educational experience so uh do me a favor go to go today DMS and tell them something right now that you learn from this episode DM Y'all Gonna reply back to my friends too if they even send a screenshot they bought the the ticket I'll send them a copy of my honey can credit ebook for free it's 50 I'll send it for free the short screenshot free tooth they sent us that I'll give them my free uh step by step guide let's go send me a DM I would send it to you send them a DM he gonna send it to you yeah I'll give them my commercial real estate ebook as well so you only gotta wait to the job you about to start getting game now yeah take care of my friends take care of my family y'all thank y'all so much man join the challenge listen you just don't know what you don't know that's the problem you just don't know what you don't know and once you know better you do better and once you do better you can really create wealth so man do yourself a favor uh join the challenge also um get you some social proof go get you some social proof meaning go build something build it big but then you got to come back to your community and teach your community what you built okay it's the only way our community grows we're out of here peace all right you just watched this whole episode if you like this episode watch this one right here click right here you're gonna like this one if you like the one you just watched check it we've always been taught to have an emergency fine right the term emergency puts you in a scarcity Master off the cuff it's an emergency fund right I'm not saying anybody shouldn't have an emergency line you want to have your your your bases covered but what about having an opportunity fund

Channel: Social Proof

Views: 41,621

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Id: yn2F6C-CWCI

Length: 78min 31sec (4711 seconds)

Published: Mon May 15 2023