INVESTOR TURNED $12,000 STUDENT LOAN INTO $40 MILLION IN REAL ESTATE

my graduates from my school being forbes back drop back drop my drop back drop all right guys welcome back eyl we got another exciting episode that's the fact so anytime we get to talk about real estate it's exciting it seems like any every time we talk about real estate there's always a different avenue there's so many different ways to make money within real estate um so this is the first time that we really had somebody from the city from new york city that was really big in real estate as an investor um so jude bernard is a huge huge huge successful investor out of new york city he owns 13 brownstones between brooklyn and harlem and he also owns a physical location brooklyn bank which we'll talk about which is a non-profit organization in brooklyn as well he has real estate company um just a very accomplished wait wait you hear that sound it's called mogul tour so yeah the properties echo the properties together are valued over 40 million dollars um i mean if you're familiar with any parts of new york city if you know you know brownstones and brooklyn best style area and harlem you know that you know on the low end 1 million 1.5 million on the high end 2.53 million four million dollars like it's not uncommon for for brownstone to to go for that he has a very unique story because he's one of the guys that like when jay-z said i could have bought a dumbo i could have bought a release i could have bought a crib and dumb i could have bought a building in dumbo for like 20 million that same building is worth 20 million 20 million how phil and dumbo so he's one of these guys that actually had an opportunity to invest um early and and you know before the areas really started to get gentrified and changed and he just you know set on it and um it worked out for his favor so he has a story to tell he got a lot of gems to give um and it's a great great conversation to have because a lot of times we speak about being on the wrong side of gentrification um and not taking advantage of certain things and like getting in when it's too late but he actually got in before it actually started to change and he saw the whole process and he learned a lot along the way created systems for himself and uh just a wealth of information he also taught a class for us yeah eylu officially a professor yes that's a fact so he taught the class at ewy university and we thought it would be a good idea to bring him on the podcast as well so first and foremost thank you for joining us appreciate it glad to be here brother appreciate you for sure for sure so let's get into it um let's let's get into it because i you know i was listening to your class shout out to jamal did a good job of hosting it and um i know you said that your original goal in real estate was to make 500 a month like he was like if i could just make 500 a month it's crazy 500 a month to almost 40 50 million dollars in real estate like it's crazy how life works out so how what was what was your original process into getting into real estate and um how did you make the transition from just working to actually being a real estate investor what made me get into the game um i was just short you know like i just didn't have like my nine to five just wasn't cutting it you know this was like back in the in the mid to late 90s when when there were the bottles and and and any at any minute that he could run into the into the spot and you know buy the bar out and try to borrow and and you're just sitting there holding your heineken all night right and you know i just didn't want to be that dude you know i did not want to be that dude so i was just like yo how am i going to do this you know i had gotten into a little trouble earlier um ended up spending you know like over some dumb [ __ ] like spent a week in orbit albany county and i was just like yo i'm not about that life so i learned i learned valuable lessons i learned very very early in the game i'm not about that life you know um being a new york dude in in albany county jail it was just like nah this this ain't for me so i was just like all right i can't be in the streets because that that don't work for me um i don't i ain't got no hot 16s no hot runs and my jump shot is i wouldn't even say decent it's i don't a good day mediocre at best mediocre at best so um the only thing left for me to do was try to find my way in business you know so um i was i was working at verizon at the time and i was working on my mba you know um and i was i was planning on going the whole corporate route but i was still you know i'm still young i was like in my early 20s still still hanging out and stuff like that so i wanted to be in the mix so um what i met this dude this dude in my class one day we were just chopping it up and he was a real estate broker and he was telling me yo um if you got if you got good credit if you got good credit you could buy a crib and i was just like how am i gonna do that then he you know walk me through the whole fha process and this that the other and that's when i was just like but i'm not i don't have no front money to do it so that's when i pulled um i pulled money out of um a student loan because although verizon was paying me paying me to go to school but i could still take student loans out so i you know i took i took like uh i know that hustle yeah i took like i took like a twelve thousand dollar twelve thousand dollar loan and i bought a hundred thousand dollar crib for like three percent down um i'll send you the refund check send me the refund yeah i know that's good exactly yeah it was it was it was fha it was fha the very first joint so you took 12 so how much was it you said twelve thousand dollar loan it was a twelve thousand dollar loan at when everything's when everything was um all said and done i probably came out my pocket like like ten grand and what year was this this was 97. so it was three percent down yeah [ __ ] [ __ ] was a hundred thousand dollars so three thousand and then closing costs all of that thousand costs and all the other little things cost ten thousand yeah and then okay and then um then my you know then the next crib came available um like a few months later that was right next door so i did it again where is this at this was um southside queens so queensland queens is the the origin of your real estate journey um those were the the first two crips i i ever bought i bought them in queens i didn't i didn't know anything about anything because i was actually living in queens at the time i was living in rosedale um so i copped those those two cribs and then and then my man put me on to the the refinance hustle so on this so first crib you did the student loan refund right second crib same thing or we just took the profits from the first um second [ __ ] same thing more student loans next semester did it again yo that's crazy i remember getting that refund check it was like if you take out a loan right and then if somebody's paying for it they reimburse you and i think i bought like i bought like a pair of tim's and some jordans nah i wasn't thinking right and then like i rocked i rocked that same hustle for like two years where i was um where now i found out that if i paid the if i paid it up front if i paid the money out of my pocket um then i could apply for financial aid right i i applied for financial aid and then i got that money and then i took those student loans and then i took the receipt of when i paid my money and then i gave it to the job and then they got reimbursed and that they reimbursed me so it was um student loans bought your homes yeah that's how i got started beautiful stories you know that's how i got started um i probably the statute of the limitations of this problem it's 1997. you know good luck anybody want to prosecute but that's how it got started okay so all right so two homes then you say you gotta turn into the refi game that turned on to the refi game so cribs that i bought for 100 grand um now now i could refi them because the values were like at 150 like a year later because i bought them below market and stuff like that and um so now i got all my cash back plus another cr i mean plus more cash so um so it's like two years into the game i was like already 100 grand strong came into this show but i always use that because um that hundred grand is like i had a home equity line of credit i ended up buying a crib i ended up buying another crib um that where me and my boys used to live at you know i bought a two-family crib and then i had um the mortgage was like two thousand dollars a month um the mortgage was like two thousand dollars a month i had um i was renting upstairs for fifteen hundred and each one of my boys was giving me 500 plus i was renting the basement for 600 dollars so i was putting like i was pretty much living in a party house and getting like fifteen hundred dollars he he's he's the dude that nippy nipsey was talking about right he was like yo he's the guy who's in school making more than sieges he's a guy you know but the the thing about that is um so it's like a year and a half into the into the game um i'm making money on real estate trying you know working partying and also trying to get my mba at the same time and um i i'm not taking that i'm not taking that as seriously as as i should because i'm making money so i roll up i roll up to class one day late again and um the teacher was like hey mr bernard if there's some place you'd rather be why don't you be there right and i thought about that the whole time so you know how the teachers give you like that break at 45 minutes into the class um i left you know i left my bag my books all of that i just left you know got in the car and bounced and i didn't officially withdraw nothing like that i just i was like you know what you're right there's some place i'd rather be i rather i'm gonna do that words of advice so that's that's when i made the official decision that this was my life what what what school did you go to st john's university okay you know like literally um my bag all that other stuff it was just still there still there nice nice so all right so you so you said i'm and this is using your master's program i was trying to get my master's at that time mba yeah trying to get and uh masters in business administration was trying to get um a management degree because i was working at verizon i was a manager there so i was trying to go up the corporate ladder so all right so at that point you quit the job i mean you quit school and um you have two properties you say i got by that time i had like four properties four properties yeah and then all right so now you're just doing real estate full time at this point no i'm still at i'm still at verizon okay still doing my thing on verizon um but you know tell the truth i had to take a step back because i was gambling at the time too you know like um i got this this thing right here says never again 12 1304 you know because i was gambling heavy so i ended up those first two cribs those first two cribs that i had i had to sell them to to pay gambling debts but what were you [ __ ] sports or blackjack uh we're doing blackjack i'm doing c and dice games people don't realize that gambling is an addiction i know few people that have lost their families lost home what's their freedom because of gambling it's not something that's talked about enough yeah we talk about drug addiction a lot alcoholism um but millions of americans people all over the world suffer from gambling um can you talk about that a little bit and first of all you're right it is an addiction and i remember i didn't even respect it as an addict an addiction i was just like looking at is this something that something i did and i was i was good i was making money when i was making money but when i was losing i was losing money big money you know and um i had tried i had tried like gamblers anonymous and all that other stuff and i remember going to the gambler's anonymous meeting and looking at these dudes telling these stories i was like damn yeah that's a bunch of losers you know i'm not job you know but meanwhile meanwhile i'm like going going to vegas and losing like 60 grand of pop going to dice game going to dice games losing like 15 15 20 grand you know funniest story ever not true really a funny story but i was um the linux lounge back in the days hollow in harlem one day i found myself um in the back room in the lens my man took me in there and i had there was a dice game going on and i went down there ceelo sivo four five six exactly so i went down there and um you know i was with my man just went out there humble we we didn't go there for that but we found ourselves back there and um next i was hot you know and i didn't know anybody in that room right and um next thing you know i'm like rolling rolling rolling and i'm like i'm up three grand i'm up five grand i'm up ten grand my man leaves because he's like yo i gotta go i was just like nah i'm hot i'm good i'm staying right next thing you know i'm i'm up like 15 grand and i'm looking around the room i don't know nobody in there and ain't nobody smiling welcome to new york right so so then i was just like alright cool um so dude start making bets i got three grand on this i was like yo put your money on the floor it's like nah i'm good for it and i thought they deuce was live and i hit them with trips then they reached out for their money paul forget about this nah nah that's not how it went up that's not how at all so dudes was just in their ass bitten like because they knew i was by myself yeah what are you going to do what am i going to do so so i basically had to give every dollar back to walk out of there so you knew that they was asked anybody's not familiar that's when somebody's been with no intentions of actually paying with their betting um so psychologically you knew you had a decision to make either you call their bluff and like okay i'm leaving you know that they're not going to pay you you're in hollow you're from queens um from brooklyn but living in queens long way from home and this is uh this is 1990 something harlem dangerous no no no not gentrified just keep it respectful i'll lose the money i'll play until i just lose exactly so i don't just have to make this awkward situation i could just exactly at least i could just not get killed out here exactly i could i could front like i had like i made a decision no that's that's that's that's very wise that's a small calculated decision that's a calculate you calculated it very well you know but it's the same calculated decisions that you make every day in real estate you know what i'm saying um like all the time he's like do i take this l right here um and live to fight another day or do i keep going so so at what point do you do you really hit your stride and real estate and kind of like hit it out the park so um again i always say i came into this game 100 grand strong um i had a crib in rosedale the crib where i live with my boys queens exactly so i pulled 100 grand out of that and um you know like whenever cats get some some real dough what they want to do they want to um open a bar i reckon that so i was trying to open i was trying to open up a um a bar um in downtown brooklyn right so i met this real estate broker and he um he basically was like showing me around and then i told him you know i let him know how much money i was holding and she he basically was like yo um i have an opportunity for you so he brought me to this crib in clinton hills right jersey no no no brooklyn oh britain hills brooklyn um and um i ended up buying a brownstone for like four hundred thousand dollars you know um you know 10 down 10 down 40 grand um so i copped that joint and i ended up copping the joint next to it um like three or four months later um with the rest of that money right so those two crit i bought one for 400 then i bought the other one for 440. um and this was like 2003 so this was right before things started to pop so within a couple within a couple of i would say um every every month like the the values were going up like 100 grand 150 grand 200 grand up until like 2 2006 2007 so by 2006 those same cribs that i bought for 400 grand 400 grand turned um were worth almost eight eight hundred and nine hundred thousand dollars yeah and you would just get are you getting rental income from them or some of you flipping no no i didn't get into fl i didn't get into the flipping okay so we just rental income right now yeah that's a straight rental so and i still owe them creative cribs now okay you know so um i was taking you know taking home equity lines or credits out and just buying more and and you know balling out you know so so now this is like 2006 2000 2006 2007. you know that's when i bought the big crib in jersey you know of course gotta do that you know you know interesting thing about clinton hills you know interesting historical um hip-hop fact so the late great christopher wallace um you know a lot of people think he's from bed stop saying james he said um the lobbyist one from bethesda but his actual house um is on a borderline and technically it's in clinton hills yes it's not even it's not even on the borderline because it's safe i try to give them the benefit though yeah because you got it you got he's like six blocks from bed stop yeah little known fact exactly so and um the new york poster did a story because you know you said his um his mom had the one it's not it's not it was never a one-room shot not sure why he said that but it's um that same apartment right now it's written for four thousand dollars a month yeah and the new york post did a story about it because it's like you know he that became so synonymous because when he came out with that song juicy juicy right yeah when he was talking about it he literally chronicled that apartment and that apartment today is literally i think it was like 42 it might be like 4 200 a month for that same apartment that he used to live in back in the 90s so it's crazy so i'm going to take you back to a true story back on biggie's block right so this is like 2000 2002 2003 um again um i'm on the corner of st james and and fulton you know that little triangle over there the same i don't know if if anybody ever saw that um like that that freestyle biggie was doing yeah yeah in front of the corner yeah when they had the crates out exactly with the tim's on with the shorts they put it in juicy too they were doing pull-ups on it exactly so i'm i'm on that corner this is before i bought the cribs in brooklyn i'm on that corner um rolling dice because that's what i do i shoot it so we we out there we rolling dice heavy like there's like at least 20 dudes out there all thugs and you know like and i was comfortable out there because i this is brooklyn oh oh brooklyn exactly i'm comfortable out there they say exactly so so i'm out there rolling dice heavy and there's a cipher you know i'm saying there's like 20 20 dudes all in circle and and due to smoking blunts and and 40 ounces old old e and saint eyes and for the people that are under 25 or 40 ounces of alcoholic beverage that will give you cancer right so we're in decipher like and um what happens was what happened was um the dice are on the floor all right and right in the middle here comes this this um white girl who's jogging with her headphones on who runs right through the cipher kicks the dice and and keeps it moving and and what what happened was what i looked around was that nobody said anything but everybody nobody believed what just happened and that's when i knew that this was her neighborhood now and these were the outliers that's crazy right the dice game changed your life yeah that's crazy on a positive on the positive side now exactly because i i looked at it i looked at it and it's just like yo she just kept it moving like no fear in her heart no nothing and the dude and nobody say nothing to her whose role was it yours [Laughter] but um that's when i knew that's when i that's when i started looking at that area a little differently you know um that's when that's when things changed for me over there that's when um you know i got um i got this this philosophy right that the only way you make money is when you're able to see things that other people can't see so when you see opportunities that other people can't see right um and the other thing i always say is like when you do things that other people are not willing to do right so um at that little dice game it opened my eyes and i was able to see something you know i'm saying i was able to see um change coming you know it's just like like very early in those days like um i never i never did a um marketing analysis you know to to check the to check the the the demographics to see what people were making and and what what you know the money was like in the neighborhood and what was coming right so what i used to do um a poor man's marketing analysis which is i would just look to see what what businesses were coming in the neighborhood right so like if i saw if i saw a starbucks opening up i was just like yo i need to be around here because like it was like copying somebody else's homework because you know they did their marketing analysis yeah so if they if they felt comfortable enough coming into this neighborhood then i should feel comfortable enough to start investing in this neighborhood exactly so when i saw um i i initially i initially um like you're familiar with brooklyn so it basically like the big money was fort greene then um then the next big money was clinton hills and then the next big money was beds die right so um i got in i got in on on the clinton hillside like when it you know when it was still a little there's still a little bit money to be made right so when i saw when i saw like um like these coffee shops and and the tea store that's on biggie's block now you know i'm saying that on the corner of his block there's a tea store no more bodega the great thing is like people like the the new york post is a great article for anybody if they want to read it and they was interviewing um like the neighbors it's like it's like all hipsters and tech people and they're like yo it's hard to even imagine those lyrics that he rapped about now like on this block like it was it would be hard to imagine that like this is so far and i remember even like fort greene like when i was young because like when i was young i used to play basketball and you know going to like gauchos and riverside you know got the guys from brooklyn and meet guys from fort greene and um that's the first time i ever heard about fort greene and it was different you know who don't get no love for being on that block who's that um who do you know who else was on that blob i don't um st james between gates and green chub rock chopra shout out to chopra legendary legend yeah most people know where he's from that's his block right across the street from big got overshadowed yeah it's a big shadow makes a big shadow exactly another big man that could rap yeah that's that's probably that's the fact i think that's the first time i heard nas when he was on like back in the girl again i think trump rock was on the record i was like who's this guy talking about automatic guns and nuns what's up y'all it's the fourth quarter it's a new month and what better way to start it than coming to join us at eyl university yes the fourth quarter is where star players make a name for themselves so come and join the number one roster uil university is the biggest platform for business in the universe we have over 70 past classes weekly classes we have a private investment group on facebook which gives you access to our movie club our book club we also have bi-weekly real estate calls with mg the mortgage guy and monthly financial advising calls with none other than yours truly so head over to eyluniversity.com right now and enter promo code eyl for 40 off of our annual membership that's right don't wait don't hesitate head over we'll see you on the other side let's do it [Music] you see the gentrification taking place you have the um the moment in the dice game where it's like and that's a good point that you bring up too because it's like it's unfortunate but nobody should have crime board upon nobody but like you see in neighborhoods like we'll commit crime against each other all day you never commit crime against anybody that doesn't look like us even nipsy hustle said that like reprogram to actually go and train to hunt and and do violence and disrespect people that look similar to you but when you see somebody that looks opposite to you you're not even going to play around with that because you're scared really like of repercussions that come with that yeah the consequences yeah serious consequences so you saw that happening in your brain so you're like all right did you want to just double down like now i got to actually really double down on my investment strategy and buy these properties before it's too late it you know i it'd be very easy for me to tell you right now that you know i had this master plan and i saw that and this is how i was going to execute and this is the plan and this was the road map that got nah son you know just happened it it's happening you know like that's the beauty of like um when people come on these podcasts right uh everybody chrono you know wants to chronolog chrono chronologi i can't say the word chronologically chronologically define everything that they did right but nobody highlights all the mistakes and the dumb [ __ ] that they did and you know i'm saying like a lot of mistakes were made um like it worked out at some point i saw it you know like in the last 10 years i i've you know it's been crystal clear but i was still trying to figure it out still trying to what's some of the mistakes that you make because you're right people can learn just like they learn from information they can also learn from mistakes what's some of the biggest mistakes that you made um a lot of the cribs that i sold too early sold them too early um like 184 oh you still got the address yeah 184 184 madison all right um so 184 no 184b madison um i bought that crib for like four hundred thousand dollars when it was worth seven hundred thousand dollars and i sold it i sold it for um nine hundred thousand dollars in a few months and at that time i thought i was like the smartest dude in the world you know because i cop that joint and there's a story behind that joint too is that the one with the nate with the you brought it because somebody else wanted it exactly can you tell that story i think that's good that's a good strategy i was listening to that can you tell that story all right um so i had gotten a phone call about about that one particular property right that one particular property um but you know in just like any other game just like you know what other you know i'm saying what other podcasts are doing and who who the players are and what their targets are so i knew for a fact that um there was a hasidic dude who owned the two buildings opposite of that building right so um i got the phone call on that one just just random somebody who knew you know somebody somebody who knew who knew um somebody's auntie or this that the other blah blah blah i got the phone call so i got i was able to buy that crib that was worth 700 000 for for four hundred thousand dollars so i bought that crib with no intention of doing anything to um with it except to extort the the guy who owned the other two the other cause he wanted the whole block because he wanted to plus it just gives him power you know like to have it's monopoly you get three in a row you know like i'm still chasing three in a row like i've got you know i got a couple of joints where i got you know two in a row after four you get the hotel exactly um i basically used you know i had no i had no desire for that building it was not um within the confine you know it's not it wasn't where i was working at the time but i got it didn't do any work to it and held it and him and i just went back and forth for a few months until he gave me you know he gave me the the 900 grand and the thing is it's not it might seem as if i turned um four hundred and nine hundred thousand dollars that's not really the case um i really turned um a hundred thousand dollars into um into five hundred thousand dollars in a few months because although the crib was was was 400 000 i came out of my pocket 20 down which was 80 000 plus closing costs which was you know 100 100 000 which i put that put that down but then i sold it for nine so you know that 500 000 profit was made with the hundred thousand dollars so that is like one of you know like the best g moves you know like percentage-wise percentage-wise that's like one of the best percentage in time was probably one of the best g moves i've i've made you know better than tesla yeah i like so i when i heard you speaking about that it was like this do you have some reasons to buy obviously cash flow was what you were doing equity so that was your chest movement yeah that was your chest and then you said there's some portfolio fits one thing i found very interesting was like obviously 2007 affected the real estate game like no other in our generation but you kept all your properties uh by hooking by crook it's like like how did that happen so um first of all like i literally i literally lost everything right um so like 2006 i was like a hood billionaire you know i had i was i had a net worth of three million dollars you know three million dollars is like a billion dollars you're a billionaire it's a fact yeah very close to a billion right so um but like when every you know i was over leveraged i was spending you know i was in i was in um i was in in the clubs you know four thousand dollar nights like maybe two three times a month you know 1500 nights more than that what clubs were you frequenting at this time so many many from club cheetah to club amnesia or all of that yo all of that um or i don't know how i ain't gonna actually but you i guess all the black diamond parties back in the day and and um china club china club a few times uh i was going to clubs when i was a little kid like 12 years old my brother was a promoter and i had a fake id i always looked older than i was so i remember these clubs like all of the all of the clubs when i was like 12 years old but that might have i like speed i was doing all these all these years march yeah i was there spending money okay you know like just just getting caught up you know what i'm saying you were the guy we were watching with our cubs and just like just like when i you know a few years later i was watching puff with with my cups yeah yeah right right so it was just like the same way that promo you know made me want to go out and do more hopefully you know other people did that as well but anyway i lost everything by like 2000 2008 right um and i had a whole bunch of cribs um and every last one of them was like underwater because i had pulled too much cash out you know i had i had this big house in jersey that i was paying like seven grand a month for um i think i had like uh paying a thousand dollars for i had a a drop six lease you know just everything you know starter kit um and um yeah the doe though was you know before before we had instagram models we had um the k-slay models um in those magazines yeah yeah so i had a couple straight stunting magazines exactly so i had um i had a couple of those on the payroll so literally lost what i'm saying literally don't let that go over there so a couple exactly so two or three so after that um i woke up one day and i was just like yo um i went from positive 3 million to like negative a million when i did the math you know and i remember just being in my crib waiting waiting to have them come you know like i got all the foreclosure notices and stuff like that um and that's when i i basically got on grunt you know like right i had like um probably like 40 or 50 000 cash left and that's when i got on my grind and i i really think that i worked for like for like the next two three years without a day off you know like i was doing everything um i i had stopped gambling by then um i had opened this thing called law of 676. it was uh it was a studio like um and i used to rent that out and actually there would be there would be no brooklyn bank without law of 676 because i was you know having parties in there and stuff like that and so like an event space it was an event space okay so um i did that um for a while um i ended up going to going to india getting the hair connect and and i started a uh a hair company like weaves yeah what yeah like um i had the number three i had the number three um hair indian hair company in new york city for like a year or two low known fat yeah to select strands i like strands exactly so i was doing that um i was uh i had a i had a card game going you know i had a card i had even though i wasn't gambling but i knew i knew the general gamblers so i was just like yo i got this card game going um you know folks yo yo what's up yeah yeah i might run this game y'all night plane just bring your money exactly okay so you just so you just had to do what you got to do to just get back exactly and you kept them all you kept the audience but you were able to keep your properties by doing all these side hustles all these size 24 hours a day i i was um i was airbnb in my crib it's the early stages yeah yeah that's when it was called home away and and and vrbo you know all that other stuff um so i was doing that you know like letting people stay in my crib for like 500 a night while i was sleeping on a friend's couch you know do i do what you guys do just did what i had to do and then you survived let me ask you this as far as the heloc let's bring it back um you spoke about the heloc and we talked about health before a little bit but you want to talk about heloc's a little bit like the benefits of it and maybe like some things that people may be aware of there's a home equity line of credit right different from a refund yeah now so so basically you take a heloc when you have some equity in the property and it's it's either a secondary lien or it could be a primary lien depending on how much um on how much equity you have and it's like it's basically like a credit card or or um a checking account on your [ __ ] so you're not paying interest when you're not paying interest when you don't owe them any money but um when you take the money out you're paying interest on it so it's like um so let's say you have a crib and it's worth a million and um and you have half half a million on your mortgage right and so now you could take up to 80 on the heloc so that's 300 000 a home equity line of credit so so you you you have a lien on your property for 300 000 on that heloc but um unless you're using it unless you're using the whole thing you don't have to pay you know and that's the good thing as far for my understanding correct me if i'm wrong um as far as like with the refi it's essentially like a second mortgage on your home right exactly and you you have to pay the interest no matter what interest and principle interest in principle no matter what but you get the money where the home equity line of credit you take the money out as you need it as you need it exactly it's just available to you exactly so are the interest rates higher um the interest rates are typically around what what what um the regular regular thing is what what you normally save on is the closing course because there's typically no right when you reflect exactly so uh with the home equity line of credit you always got to just do the math on all right i'm going to be paying this much interest on it i'm going to be paying this much interest on it um and and if i if i if i make a decision it has to cover this interest plus make me more you know like um earlier this year i took out i banged out all my um i banged out all my heloc's because i didn't want them to um cancel it you couldn't get it that's something yeah mg uh matt has said that before he said that before kovit he was like yo y'all he's like um you know just take it out yeah cause it's like monopoly money like if the value of your home goes down and that's going to affect your refund and your um your heloc so it's like he said that like we cover you never know they can just it's not like it's guaranteed yeah they can cancel it so it's like you don't need to use it you don't have to use it but at least you have it locked in and then if you need to use it it's available that that really happened i went to the bank in january because i was going to refund and i hit mata i'm like yo run me some numbers from the refi and i'll run me some numbers for the heloc and i went back to the bank in march he like wasn't available anymore yeah i was like oh damn so so back in march i had like a million and change your heloc's and i pulled it all out because i was just scared like i didn't want to wake up one day because that happened to me back in 2007 where i woke up one day and my help all my helps were gone so i i took this cash out but i just i didn't want to just sit with it in the bank so i ended up putting it in the market at that time when the market was at this lowest in march and march you put a million dollars in the market yeah and what what stock did you put in um amazon tesla uh apple nah amazon tesla this um vgt pgt we talked about that a lot yeah um vfiax which is a vanguard which is a vanguard um etf bts um yin which is a chinese which is a chinese one y i double n that one ain't making no real money um and i put in baba ali yeah i make no real money on that like um cause i i got that in about 200 and it's like at 250 now right but that tesla's a little different yeah so you so you so i this is this is important for people to understand because like you always got a plan for a worst-case scenario so when you saw them you said all right kobe is hitting it's about to get crazy don't panic let me let me gather as much cash money as i pop money as i possibly can out of my house before they shut this heloc thing down you get a million dollars you say okay stock market crashed literally crashed and probably a good time to put money in the market might be a bottle you put it in at a low point it skyrockets over the next couple of months what did that million turn into he said my cpa might be might advise me not to i mean we could how about this how about this how about this not what it turned into how did you allocate the million equally throughout those uh assets no oh you just dumped like yeah i'm putting a hundred thousand in tesla no tesla tesla i'm mad at tesla because i only put i only put like i think like 50 grand in tesla okay you know like and i had put i put like um half a mil i put like half a mil in um amazon amazon all right and whoo that that one did well that did great but i'm just i'm running the numbers for if that half a million would have been in tesla yeah after it ran up to like 1400 then split i know i know i know but but but what do you know what can you do you made money part of the game part of the game that i've all that i've learned is you know you got to keep looking forward to the next thing and and you know like there's always opportunities and you'll never you'll never ever get all of them can't it's impossible exactly like you you know there's a you got a handful you know what i'm saying and and you you know to pick something up you always have to you know let something go to pick something up so you're hoping that what you're picking up is greater than what you're letting go and you you leverage a lot of time people say like which one is it better real estate stocks but you leveraged both you could do both you could you leveraged your real estate to put money in stocks yeah and then you could take the money out of stocks and buy more real estate and it's like it's a combination it's a one-two punch it's not like only do real estate it's not one of the only do stocks and that's a perfect example you leverage money in real estate put it in the stock market made a bunch of money in stock market and then you know yeah so um like things kind of cooled off like amazon is cooled off like i've been waiting i'm just like yo come on come on four thousand come on fourth out the dice rolling back to the dice game yeah all habits die hard exactly but we stuck at that 32 yo like we've been stuck i mean three months this is the season though this is the season for amazon so you know let's sit tight on that so let's talk about um sr oh sro's yeah i was actually going there yeah yeah sros because you got an interesting story about that what is an sro first and foremost single room occupancy um in new york city um where it's a class b apartment so it's not it's not like the class a apartment like um there's a lot of rules and regulations um that the city the city pretty much comes down and tells you what you can do what you can't do um the hpd house the the um housing preservation department tells you all the things you can and can't do with your sro initially the the sro program was initially a program for for like the the um the dudes who came back from war so they could have a a safe place to stay and stuff like that and and um over the years you know like you know the city's is mad late to always change these old things so all these old rules still apply so the the class say in what sro the difference what are some of the differences is it like it has to have a full bathroom or a half bath what are some of the differences well an apartment an apartment you need a bedroom and a bathroom in the kitchen okay in a class apartment and a in an sro you need uh you need a bedroom and you need access to a bathroom and access to a kitchen okay you know what i'm saying okay so you don't you don't necessarily have to have uh have your your bathroom and your kitchen in your unit so this this feels like almost like college dormish exactly okay so it was like we could have the quick we could have a quad with bedrooms yeah and a shared uh bathroom chair exactly single room occupancy okay gotcha so um and the thing about it so now over the last few uh over the last decade you know like when when the market has gone crazy and and and um you know the values of these brownstones and buildings and stuff like that um has skyrocketed the the city has put things in place to protect to protect the people protect the tenants because we're living in a blue state state you know um out of texas california i mean texas arizona and stuff like that florida arizona's blue now oh all right but typically all the red states yeah um you don't pay your rent gotta go right but you know new york is not it's not that type of place not that type of party so there's a lot of laws that protect them so um one of the things that protects sros right now is um something that they call certificate non-harassment whereas if if you before before you can convert an sro into a class a apartment or into a house or anything like that um you have to get a certificate of non-harassment where you know hpd does an investigation to find out if the tenants were harassed on their way out or anything like that and if that if that's the case if that's the case you're pretty much stuck um you're pretty much stuck because um they'll put like a three-year a three-year penalty on you before you could apply again so so i purchased i purchased an sro and a building right yeah i purchased an sro and the um the tenants you know thought that they were doing the the um seller dirty by telling hpd that they were harassed and seller don't care someone got their money so they put that three-year you know that three-year um ban on me oh so i basically paid this you know i paid a million plus for brownstone and i can't do anything with it i couldn't do anything with it for three years so i'm just sitting on this thing um paying hard money on it um paying hard money on it um until september of 2021. that's when you could maybe do renovations to it you could renovate it flip it what do whatever is it is it going to be more lucrative because i'm thinking uh let's i mean i'm sure there's like a square footage requirement that needs to that they need to have for the sro and so i'm thinking like maybe an apartment that you could get 1200 for right i can't do any like i can't bring more people in because if i if i bring people in to rent it now i i'm risking i'm in 22. yeah but but um i don't like where the money's at in new york city right now is getting these brownstones and converting them into um luxury you know luxury um town homes where where you know people could people could spend big money on them so i could turn around and sell it for three and a half four million dollars yes you're not really looking for the rental income of more units you're looking for like yo somebody's coming in to buy this for 1.1 exactly okay well no somebody's coming to buy somebody's coming to buy this for four million four million i'm sorry exactly what was i talking about 1.1 no no 1.1 is what i paid for it so now i'm sitting here and i'm paying you know um like 10 10 grand a month 10 grand a month on on a property that i can't do nothing with you know but it's a it's a you know it's a it's a decision that that i'm making i'm saying all right i'm paying i'm losing 10 grand a month um but i'm losing 10 grand a month but i know um when when the time comes i'll be able to sell this for four mil so it's just another version of your chess move exactly right but also you said taxes tax loss well yeah so so now i'm paying interest so that's 120 grand in interest that i'm paying every every year so if i sell a property if i if i sold the property or or if if i if i sold if i sold my um amazon stock so instead pin capital gains on x it'll be x minus 120 000. so because you're taking loss and you're depreciating the assets exactly because you're losing money on it i'm losing money on i'm losing money on this end well not even losing money yet it's a business expense so you you know you're taking your deduction from your business expense and um so that brings that brings your taxable income down which it's what keeps what keeps money in your pocket so and that you know i always say like there's there's four different ways to get paid in real estate the game you wear many hats yes um and that obviously has happened over time right so your initial one was you're the landlord yes so at some point you decide to become the developer then you become the broker and then you also become the contractor yeah what was that process what led you um and at one part i was a mortgage broker like your man matt that's amg so what was the the thought process that inspired you to say you know what i can do this i can do this let me do this too um just just trying to keep as much money in house as possible you know like once you get the team together um you get the team and everybody's working you know for the common goal uh it doesn't makes it doesn't make sense to um to pay somebody to do something that you can do yourself it's it's cheaper you know and and the more people you the more people you interact with and you connect with on different levels the more opportunities that come come about so and it also gives me um a better way to look at every opportunity because now when i when i come to you like when an opportunity presents itself am i am i going to try to am i going to try to sell this for you or am i going to try to buy it for myself am i going to sell it for you as a broker am i going to um try to to buy it buy for myself as a developer am i going to say hey um i i tell you what you could buy it but i'll be the contractor for you you know i could bring it to you and say yo i got this great this great opportunity for you um you should buy this building and let me fix it you know so it's just different you know like different ways to make money so every time you saw another position it was like cut the middle man cut the middle man cut the middle man and there's more opportunity more opportunities more opportunities and like each each hat that i wear i have a whole network in so i'm talking to people and i'm you know um that's where the opportunities come from you know like in in the last 20 something years i could probably you know i've done 100 million dollars in transactions and i could probably tell you that only two times that i've ever purchased something that didn't come come from a direct connect you know like somebody called me and said hey jude i got a deal for you you know um wait for my pitch that's my that's my line you know i always wait for my pitch like if if it's on street easy if it's on if it's on the mls and stuff like that and everybody else could see it it ain't my deal so at this point or most of your deals what kind of financing are you using cash are you doing traditional financing hard money how are you financing your deals whatever makes sense you know like if if it's say like i always do the math all right so um if it makes if it makes sense for me to use cash i'll use cash if there's enough if there's enough meat on it where um i can can um use hard money i'll use hard money you know if i if if time is not a big deal and i could go get traditional financing and it'll you know like this is a house that's gonna praise and and there's a kitchen and a bath and all that other stuff and and i could go to a you know to go to chase or something like that i'll do that those are those are my favorites you know but most of the time when there's deals and opportunities um there's usually a reason why you're getting a deal an opportunity and and nine out of 10 times is that that it's it's a deal because um traditional financing won't do it so um you're either stuck you have a decision to make you're either going to use hard money guy you're going to use your cash or um or a mixture what i like to do is i like to take investors um where where um let's say the hard money the hard money guy is giving me 80 80 and i'll take a couple investors that that give me that give me the give me the 20 so i'm literally just coming out of my pocket nothing just you know everything is all sweat equity so don't yeah uh rick ross is famous for having three c's right color cut clarity that's that's his thing but you have an interesting uh analogy for your four c's and real estate and why they're important um can you go over it so you had a credit collateral connects and character why are they all important credit you know like um like if the banks if the banks ain't messing with you you're dead in the water you know like you need that money you know you need your credit um it's like one of your most valuable assets you know um you're able to leverage right collateral you need either cash or something you need you need to be able to prove that you have a track record you have you have skin in the game you know like um i had lost i've lost money um in business dealings where i was messing with people who didn't have any skin in the game so they just walk away so it's very important that that you have to get into the game um what's their credit cash um connects um like it's not it's not um it's not bs when they say your net worth is your network you know it's just like um the more people you know the more people the more the more deals the more opportunities the more things that come your way right that's like to me that's the most important thing the your connects you know your ability your ability to get it done your ability to know who who you could call the the resources that come to you and so forth and the last one is your character um if if your name is mud you're dead you know like streets talk like in in business everybody talking so you do one person dirty everybody's gonna know ain't nobody gonna mess with you um like one of the things i'm i'm really proud of is that i've been in this game 20 plus years like um i've never i've never jerked anybody on a deal i've never lied to anybody i've never i've never taken anything that um that didn't belong to me um and and i could even say i've never lost anybody money um well i lost one person's money but i made it back for um but like there's been times there's been times like i've had investors invest in something and i promised them a return and it didn't happen and you know i paid out i paid out like like it did like everything went cool because i didn't want to burn that bridge you know like oh yo um we invested in this you're going to make exo you're going to make x out of this you know and i'd rather pay him that knowing that i could go back to him one day then come back yo it didn't work out you know you you know what i'm saying it's not gonna be working yeah yeah so yeah rick well i think that's carol city cartel if i'm not i know but then he says i mean when you talk about diamonds okay yeah um let me ask you this as far as the um because you're a developer landlord your broker contractor so how important is it for people to learn all aspects of real estate um or do you think it is important for people to learn all aspects of real estate you know um back when i when i was doing here right um i went to india i went to india and i learned um how did you get to india yo in my mind in my mind all i can think about is american gangster how did you forget vietnam how'd you go to india to get to get here how did that happen all right so i told you things were really bad so things were really bad so what do you do when things are really bad you're crying no you have a big ass party at your house so that's an option so that's an awesome remember that was my next guest remember i still had this big-ass house you know out in jersey yeah so might as well why not if you lose it at least you have some good memories exactly so i have this pool party like 200 people at my crib just that the other people in the pool just that in the next day straight stunting edition straight stunting the next day i'm cleaning the filters out and i'm pulling out hair hair all over all over right and i'm just like yo who did this right so so i'm not i'm like looking at the pictures to figure out what what girl left without her yeah what girl um you know shedded shed in my uh and then i realized it wasn't one girl it was a whole collection every girl in there i was just like yo how does uh that's what they're doing apparently that's where the money's at shout out to all our women who uh where we no disrespect thank you we love you thank you saved your life saved my life but um so i ended up like doing a little bit of research about this yeah and this was around the time um chris rock had that good hair thing oh yeah yeah and then um so i'm trying like the internet wasn't popping popping like it is right now like you could get anything like like that no matter so i literally had to go to india to get me a connect to get me a good connector was i i'd basically have to buy retail and and pretty much make a small margin so sight unseen you just went to india and just like figured out when you get there yeah where'd you go chennai hair capital of the world the hair captain of the world yeah we got to meet somebody there yeah yeah and they speak english um yeah pretty much yeah they speak english yeah they do okay so i i got the so i basically got the connect got got a couple of connections like frank lucas yeah that's what i said yeah i'm thinking he's going to vietnam right now so i go out there and you know um i stopped by i stopped buying from somebody and and that didn't work out and bought from somebody else you know until you know um like you know my first shipment was always great and then i said you know i'm saying i said i've had a first ship for like you know 10 keys or something like that right and that's great all right and then um so i'm just like all right send me over 50 keys all right that's right 50 keys of bundles 50 keys in bundles they're coming in four ounce packages when we title this please 50 keys of bundles so let that go over your head yeah so so what ended up happening it was like when i bought the 50 keys it was just like um it was like five keys was good and it was like 45 keys of garbage tongue it wasn't getting no no a bad product exactly so we got screwed over in india a few times yeah yeah personally habitually yeah habitually on the merch uh um app uh yeah yeah yeah we started we did we did an app and um this guy completely screwed us over ran us for like twenty thousand thirty had was it thirty thirty bands then we hired another indian to go fly from his part of india to the other part of india yeah he screwed like whatsapp calls at like one o'clock in the morning because it's like you know one o'clock in the afternoon over there and um they acting like they don't really speak english good it was a whole ordeal when they want to yeah yeah it's tough we should have called you man it's it's the plug nah it's real and it's like all of these stories bring back so many memories because it's like i always say hustling isn't a hobby if you're an entrepreneur you got to get the job done by any means necessary and it's like even with us like dealing with merch in pakistan um and like we interviewed derek grayson his thing was in china and you got to wire these people money and you like hoping they don't screw you over and it's like people don't understand like this is a real story like this really happens in real life you really can run off with it yo um what can you do nothing hop on the plane you know one of the one of my my best flips ever was um i had gotten a call it was like maybe 2000 2010. like my man my man in in um my man somewhere i'm gonna say where uh called me up he was working at dachshund place and he had a container a container full of um toilet paper right he's like yo i get i get you this container for like literally a container full of for like for like 2 500. it's like some in the system with it like he's like yo i've been watching i've been watching this container it's nowhere like yo you can have all the toilet paper in here for 2500. right so that would have been perfect during colvin yeah at the beginning of cover exactly so i'm i'm just like yo i did the math i was just like yo that's like that's like a hundred thousand dollars worth of um toilet paper toilet paper in there so full of right so i'm just like all right so now um i'm calling people you know i'm i'm calling like people um so my man tell me he has a connector like where he supplies all the bodegas and and like like you know i could i could do this and that i i ended up um i ended up like sending sending the thing to panama for like and made like 7 500 on on the deal right but um i like my whole thing was like so i'm sending you 2500 and i've never seen this toilet paper and you're telling me you're sending it to panama and somebody's going to send me ten thousand dollars back and he was like yeah and i was just like [ __ ] it but that's the way you lose money too yeah that's a fact it worked out don't try this at home please it worked out but the truth the truth of the battle is um what like the best like the best cons right the best con games is when they they put the upside in front of you and all you're looking at is the upside potential without the downside risk right so um what you know i'm saying made off you're saying all all of them great scams is is like oh i'm just looking at the upside you know i'm saying like if but bottom line is if it's too good to be true most likely it is you know that one incident you know that one instance it was um it worked in my favor yeah but um in hindsight like being the man that i am today um i wouldn't have risked it yeah they had a lot a lot of stuff going on like ppe like mass like you could buy these masks and it's like it's always history always repeats itself and um there's always an opportunity for somebody to make money but you got to be careful because like you said i mean those kind of things you hit but you're going to strike out more times than that wait for your pitch and and like right now i'm big on taking risks but it has to be a calculated risk and um it has to be a calculated risk and it has to like i i have to have a definite plan to to control my downside risk you know got to have those stop losses in place stop loss that's important you know that's important in all aspects of life have it in place you know and like as as you progress you know the the more you go like you got to constantly adjust your stop losses you know what i'm saying um the other day the other day i um i'm involved in this business and i i rolled up on the scene and it was like a lot of high risk behavior going on and you were analyzing the location yeah and then i was just like yo um i'm making money but i have to shut i got to remove myself because you know one my reputation two insurance you know what i'm saying you just get killed yeah that's an option too yeah yeah it's just like yo this is this is crazy dangerous very dangerous it's just high-risk behavior you know there's not nefarious going on but it's just like that like you get everything uncomfortable yeah every step every step you take in life you gotta you know like um like you ain't gotta i think jay has a set has aligned with like yo i ain't gotta be in the projects all day or something like that yeah yeah i don't think i'm trying to talk about yeah that sounds stupid to me yeah so um at some point like as as you elevate you can't be doing the same things you were doing and you can't take the same risks no it's very true and rest in peace to one of our biggest inspirations nifty hustle great and it's unfortunate situation but sometimes when you you stay around too long jealousy envy just and just random things happen in certain neighborhoods where it's um you have to elevate that in life and you can't stay in the same environment that you might have grew up in that you once felt comfortable at some point so one things that make you used to feel comfortable make you feel income uncomfortable you should feel uncomfortable and if you feel comfortable you have to ask yourself why you feel comfortable yeah it's just like um like keeping it real or or keep you know um like you one of one of the things that i always try to try to try to um say to myself is i'm not gonna be loyal and i'm not gonna be faithful to my old self you know what i'm saying constant evolution yeah it's just like yo just because i said it just because i said it you know five years ago two years ago you know doesn't mean that it has to stand true right you know um and um you know not for nothing never give my heart to one something like whatever yeah and it's just like you've been wow now he's married now he's married yeah yeah yeah the evolution yeah you know like but it's the same it's in that same lineage of of the growth of him and and just us listening to the music it was like we watched him at that point we watched him become a mature husband and father and the same line is like yo i ain't worked that hard to be the same yeah you can't you you can't be scared to contradict yourself um you know i'm saying so the betterment of you exactly right right right like um that that's how some backwards that's also true you can do that the next day if i don't feel if i don't feel the same way i felt yesterday i changed my mind he does a little bit at any point in time you can reserve the right to change your mind and completely become a different person yeah that's why i don't i don't really get into politics too much because the whole thing that you said 20 years ago like you said this yeah i it was 1984. i'm a different person now yeah you know i was like you you can't be held accountable for things that you said 30 years ago i mean it's like damn said like i was pouring champagne on girls like yeah i was out of my mind 50 years old now i don't i wouldn't do that now right can't help you can't hold me accountable for what i did when i was 28. it's it's it's wild man like we if if you ain't growing you're staying the same fact so let me ask you this speaking about growing let's end it out on this you you have a non-profit the brooklyn bank what is the brooklyn bank the brooklyn bank the brooklyn bank is like my give back right um so here i am and keeping it real 100 right um i make my money buying properties cheap and selling it to people um high and unfortunately most of the people that i sell to they don't look like me so um i love my people i care about my people um so what i what i did was i went and i actually bought the building um the brooklyn bank wasn't that um 896 d club but best diet real best diet not you know [Laughter] robust stuff right so um so basically so basically um i started this nonprofit where i have a building where i i do financial literacy programs like tomorrow we we um giving out toys to the kids thanksgiving thanksgiving we literally gave out a thousand turkeys and a thousand things of um bags of groceries and stuff like that so that's that's my personal give back you know my my opportunity to kind of even it out um like the the brooklyn bank what it what it's really about is about financial literacy financial empowerment and economic empowerment so i'm really big on teaching you know whether whether it's budgeting whether it's saving whether it's credit whether it's real estate whether it's it's stocks just trying to um share the information because you know like you guys do a really great great job on this platform of making the information available to those to those who probably could not get it elsewhere you know and you make you know you bring you bring um you bring the right people on where um it's it's not foreign and that's the problem a lot of times people think think that these things are out of their out of their um out of their reach so i basically wanted to to provide a a space a community a mindset an organization where it's where we're focused on letting people know that yo you could do this you know um this whole like my whole real estate thing right my real estate my business and all that other stuff i didn't invent anything like um like i've made tens of millions of dollars like i didn't create anything i didn't make anything better i didn't revolutionize anything i'm just following the blueprint that um you know that andrew jackson was doing back back in the back in the 1700s you know like you buy you buy land and and you take take that value and you reinvest and this that the other and and and you know you you practice discipline you practice delayed gratification you know all these little little things like um these are all the little things that people have to learn so that they could elevate themselves so is it is it an event space or is it like almost like a community center where and it's more of a community people can come in yeah we were doing events um we kind of put that on pause um like like right now i'm focused 100 percent on doing doing community things and we're going into schools and you know bringing in financial literacy stuff like so you just partnered with the school yeah yeah um we partnered with school the other day uh i did some research on you guys i saw you guys we've been in the school for years yeah yeah i'm a teacher okay so that's dope but that's really what i'm trying to do you know like um like there's a in regards to money right like whether whether you have um 10 million 20 million 100 million or a billion dollars right um the price the price of a steak is the price of the steak so everything else is excess right it's like so that's kind of i'm you know i'm blessed that i'm not at a point in my life where like um another check does not change my life you know not not change the life that i that i enjoy leading you know um you had a dude up here i was watching the episode and he said yeah well i got a bigger plane now oh yeah yeah yeah spoke to him right yeah yeah um and shout out to him oh gee free yeah yeah if he wants a bigger plane but it's just like i'm at a point in my life where i'm comfortable you know like um like i don't want to i don't want to be the dude in a ferrari if everybody can't have a ferrari you know because then then you're looking crazy you looking like i'm saying you looking like lunch they're gonna put you on the menu yeah yeah so you know not if you're in atlanta everybody got lamborghinis in atlanta yeah exactly that's the best style that's going to be tough there's no coping in atlanta that also might be true that's fact so that that's the brooklyn bank to me you know like it's a community it's it's it's and it's funny because like when i talk to brooklyn bank a lot of times people just think about the physical location which is cool you know because i i'm i'm sometimes still in orbit it's just like the deal dude you got you owed a bank yo it was was it a church first or was it a bank church thin bank it was a bank yeah um like it was built it was built as a bank like the whole thing is is like 16 inch cement and concrete and bricks right with a vault with a vault and everything um and then um in the 80s they started using it as a church when when the bank went under um shout out to reaganomics when the bank went under um they started using it as a church and then i took you know i i got that deal um and originally like my line brother had hooked me up on that deal because i got you know like there was mad people trying to get that building you know um and one of the one of the caveats of of how i got it because how i got it and um how i um how they accepted my bid instead of some of the other bids that was higher is that i promised that i would keep doing good work in the end you know like i wouldn't turn it into a strip club or i wouldn't knock it down and build condos or nothing like that more employees oh atlanta might argue that that might be good shout out to support black business shout out to blue flint shout out to magic city shout out to 112. support black business exactly supporting black businesses i digress club rolex i see you [Laughter] on it i tell her look up because it's snowing in tootsies okay well there you have it ladies and gentlemen god dude it's been a pleasure man and once again thank you for teaching that class on eye university that was dope and uh tell them about that experience i know you you answered questions for like an hour and a half like how was that teaching it it was dope because um like prior to like i kind of have it in my all in my head how i go about analyzing the deal so prior to that i've never really written it down written the formula down and and and and wrote it down so i'm like looking at like hey this is this is real you know this is what i do and um it was it was very um it was pleasing because like the um sometimes sometimes i i talk to people and it's just like they don't get it but it was good to be in in a a a platform you know where your earners like this is what they do and this is what they're trying to this is what they're trying to do and and they're not they the questions were intelligent questions and um they you know you know you as a teacher you know how it feels like when every every question is a good question exactly exactly no yeah i understand because like when when sometimes when a question is phrased you can tell somebody's been critically thinking um and that's important right because it's like all right i know that that's coming from a place of of wanting to know not just i just wanted to say something and so shout out to all the earners that asked all those questions we watched the presentation i didn't get a chance to watch the whole question answer but they told me it lasted two hours which is longer than usually so i know there was a bunch of questions and answers so that's dope he said jamal said everybody got the question answered so that's dope yeah like um you know my goal my goal my personal goal is like like i said i made a lot of i made a lot of mistakes you know like there's there's no reason why um i'm not sitting you know sitting on nine figures right now except that i made a lot of mistakes and you know my my goal is to make sure that people don't necessarily make the same mistakes that i made you're going to make your own mistakes but there are a lot of there are a lot of mistakes that i made that could have been avoided if somebody had just pulled me to the side or if there was a platform like yours where where um i could get the knowledge that's a fact so how about that how can people contact you social media handles what's the information brooklyn bank or any other initiative that you want to make the public aware of um two two places you can get in touch with me you can get in touch with me at the brooklyn bank that's um the brooklyn bank as it's spelled and you could hit me on ig um at mr jude bernard mr.jude thank you troy housekeeping items yeah shout out to everybody on patreon.com y'all know that's our proud to pay program uh we referenced nip and that's where we got the idea from so again rest in peace to nip shout out to everybody in crenshaw shout out to everybody that showed us love out there when we visited the west um and obviously you know with tf5 members you get access to eyl university where you can get some good knowledge from some solid professors man and uh exceptional exceptionals top of the line um so we appreciate all the support um shout out to everybody that has been copying new merch i know y'all i know y'all saw that that varsity jacket that my boy had on looking looking chris out there man um so shout out to everybody that's important that man we are very excited to have it and seeing everybody wearing it is a it's a testament to the hard work man so salute to all y'all yeah i'm once again shout out to you on university and that's people ask like what's the difference between this and a podcast and it's like our question and answers with somebody that you know has 40 million dollars in real estate it's not something that you get to do every day and um to have a powerpoint presentation and stuff like that so these are the different things that we bring to you all university um and we're very very proud of that platform so shout out to all the earners out there uh thank you guys for rocking with us we'll see you next week peace peace peace my graduates from my school being forbes back drop back drop my drop back drop

Channel: Earn Your Leisure

Views: 107,453

Rating: 4.9340715 out of 5

Keywords: earn your leisure, business, finance, Real estate, New York City real estate, House flipping, Home buying, Refinance, Heloc, Brooklyn real estate

Id: nUV1AuaJcpY

Length: 83min 30sec (5010 seconds)

Published: Tue Dec 22 2020