A (23:37)
This is. I get this all the time that, you know, money makes money, you know, and you need money to be. To make money in real estate. And although all of that is accurate, I think I can change. Money can make money, not money makes money. So then, because in the past, what that meant was if you said money makes money, that means that's the only way you can do it. And then therefore, if you're poor, you're going to stay poor for the rest of your life. And for hundreds and thousands of years, that's what really happened. You know, people who owned the land were rich, people who worked on the land. Well, you have no money, you'll never be rich. Right? So I want to tell you from over 20 years, from my experience, my students experience, my partner's experience, my friends experience, there's thousands and thousands and thousands of people who have become multi, multi, multi millionaires when they had nothing from real estate. And so, so, so first thing to do is, if you don't believe it, just say to yourself, you know what? Is there one person on the planet who has made money from nothing and they became rich in real estate? And the answer is yes, that is 100% proof that's doable. If there's one person, but there's millions of people who have done it, that's definitely a proof that it can be done. So then you go, okay, so then what do I have to do to join that group? And in order to Join that group. Do I need to buy that book? Do I need to subscribe to this audiobook club? Do I need to attend events? Do they need to attend some of the events that you know where they're talking about teaching about some of the cutting edge today's strategies for late 2025 and upcoming 2026? What is happening with them? Like do I need that or not? And the answer is yes, if you haven't done it. And so learn the strategies of no money down. We just talked about three of them. There's lot, many of them with my friend Robert Allen, he had a course that now I'm partners with him and here he talks about 50 examples, 55, zero examples of nothing down. And you don't need to learn 50, just maybe read it all once and then you pick the one or two that you love and that's it. So assignments is very simple. You have no credit, you have no money, you have no friends, you were bankrupt yesterday. You know, you'd go and say, how do I learn to find good deal and then give it to somebody who has money to do that? Where do I find these people? Well, these people, the investors I'm talking about. Well, there's LinkedIn online groups. If somebody goes to LinkedIn and punches my name, he's going to know that we are. I mean I don't monitor my own. I have a team who does that. But I am connected with, I don't know, 20 or 30 different real estate groups on LinkedIn that have 20,000, 30,000, 50,000, 100,000, 500,000 members who only talk about real estate and wholesalers and all that. You can just go in there and start joining them and start that. That's one Number two, join paid online groups, join paid memberships like professional investors club or any club really that allows you to be in, in, in the area or arena where other people are hanging out. This, this is where you go out and say, hey listen, I got this deal, it's worth a hundred thousand dollars, I got it for 60, I'll give it to you for 70. I mean it's just, you know these people, that's what they're looking for. So you take the contract, put it in the contract, learn how to do information package, give it to investor for a fee. Investor is going to say, wait a minute, I'm going to make 30%. And so if it's a million dollars, I'm going to make $300,000. And this guy wants $20,000. Pretty cheap for me. It's better than hiring a real estate agent who wants to sell me at the retail price or wholesale. So I personally, when we look at the wholesale, I look, I love wholesalers because they went out, they negotiated, did all the work, and then they're showing me how good the deal is. And then basically, two things most people want is either they want property below market value or property that produces cash flow, or. And. Or both. So you take the contract, you sell the contract for a fee. You can do that for, you know, let's say you want to make 10,000amonth, $25,000 a month, you go, okay, that's all I'm going to focus on for a while, because that is what I need right now. I have no friends. I'm bankrupted. I have no family. I don't want to get a mortgage. I don't want to deal with hard money lenders, nothing. I just want to do this. That's you. The second is very easy. You get the property deal and say, I don't want to give it away for five or ten thousand dollars. You have the prop money, I have the deal. Let me tell you, when I started, I bought like five condos that were being renovated and the guy wasn't able to sell it. So I went in and I negotiated a good deal, went to an investor, I said, hey, all five of them are only for this price. And I negotiated, I did everything. And I'm going to put the renters in. I'm going to oversee the management company. This is the pro forma. And you're already walking in $200,000 of profits, and that's already in there for us. And then in five years, in five years, we are going to either sell it or we're going to keep it. But up to five years, you're not going to come to me and say, I want my money back. Okay, so he did that. And now I got in with no money down. He put in all the money. It was all fixed up, done up. And was it perfect? Absolutely not. Was there times that, you know, the renters didn't pay? Of course it did. But at the end of the day, five years later, when the money came in and he made his money, he was investors. There are people with money who actually want to do this, but there's only one currency on the planet that works in business, and that currency starts with T. It's trust. That's it. That's all it is. So that's the second one where we go. You get the property, you do A joint venture agreement. And there are different ways of doing JVs, but let's just say where in the beginning, I took out the loan, I took the mortgage. So I'm like, hey, listen, investor, this property is worth, let's make it easy, $100,000. I need 20,000 from you, plus another 5,000 and I'm going to put 70,000 or $80,000 under my name from the bank. You're only putting 20. I'm putting $80,000 and I'm taking the bigger risk. And we split 50, 50. They go, okay. The second, as time went on, I went to them and say, you're going to put the property under your name, you're going to put the down payment and you're going to pay for all the expenses. And I want 50% because I'll manage it. And I find the deal and it's below market value. Let me tell you why, okay? And as I, my credibility went up. People were lining up to with money to do that because they knew. Because you learn how to show the investor that you're putting 20% down. So if a house is $100,000 and they're putting $20,000 down, and house goes up by $20,000 in a year because you bought it below market value or whatever it is, or you improved it 20%, that, that's 100% ROI on his money. Of that money, 50% comes to me. So now he made 50% ROI on his money. So it is incredible where you just focus on the other person's benefit, which is, look, you're going to. You're expected to make 30 to 50% ROI on your money. Are you interested? Let me show it to you. You don't go there and say, listen, I ain't gonna put no money. I'm gonna take no risk. No, you know what I mean? And you're gonna put all the money and you're screwed, right? It's not. Because if you go with the intent of, I gotta make the other person money first. And I tell them, look, before I make a penny, I want all your money to come back to you, and I want your ROI to come back to you, then I want to make money for me. And they're like, oh, that makes sense. And then when you do it once, just once, the same guy will come back and say, let's do two, let's do three. In my case, we had the list of over 10,000 people. And all I used to do was send an email out, hey, I have this property. It's worth this much. I'm getting it for this much Expected roi. This much expected cash flow is this much. First come, first serve is going to 10,000 people go. We had fights. Fights were not that they didn't want to give the money. Fights was, why did you give it to the other guy? So if somebody's listening right now, say, in today's world, it's even easier to have a WhatsApp group or email list or whatever it is than what I did before. And so basically, in this case, you buy a property, you find a good property, make sure it's a good deal and all that stuff. You do a joint venture partnership with somebody else, and now you tend to make more money because now you're actually a partner and you're going to do ongoing. Maybe you have to help oversee the renovation. Maybe you have to put the tenants in and oversee the tenants. The person who's giving the money says, I want to be 100% passive or 90% passive or whatever. That's the second way. First the assignment. And now we talked to JV partner. The third one was, is. Is where somebody bought 25 years ago, 30 years ago, they bought a property. They've been renting it out. They became older now, and they're like, you know what? I hate my renters. My renters not paying me. They damage my property. Property's 100% paid for. I want to try to sell. Nobody wants to buy it because property's damaged and the renters don't want to move. You walk in, go, guess what? I'll buy you a property at the price that you want without paying the real estate agent. But you become my bank. That's it. So sometimes I say, no. Why do you want to sell it? Well, you know, why did you buy the property in first place? Well, I like passive income. Great. Every month I'll give you passive income without dealing with the renovation, without dealing with the tenants, without dealing with anything. I'm going to take care of it. So right now, just even if nobody read books or they didn't do anything, they go, okay, these three concepts, let me go on YouTube and just punch it in and then just listen to a few people to do that. If you have no money, I'm saying, If you have $20, go buy a book. If you have $500, go buy a course. If you have $10,000, then, you know, join a elite club. If you have $25,000, join a real estate mastermind. The reason why I joined masterminds in the Past is it's not to really learn. It's actually to find the other 20 people who paid $25,000 as well, who are millionaires, multimillionaires, investors, buyers that do business with you.