1 00:00:00,000 --> 00:00:03,630 Oh, okay. Welcome everyone to our Zoom up. It's our meetup 2 00:00:03,630 --> 00:00:05,280 on Zoom. My name is Michael Huggins 3 00:00:05,280 --> 00:00:07,580 coming to you live from Tennessee. I got my co-host today 4 00:00:07,580 --> 00:00:09,440 out of Chicago. What's up, Scott? 5 00:00:09,440 --> 00:00:11,920 Chi-town buried in the snow. Scooty Rowley, everybody. 6 00:00:11,920 --> 00:00:14,880 Yeah. Welcome to another live edition. For those of you 7 00:00:14,880 --> 00:00:16,080 catching the recording, 8 00:00:16,080 --> 00:00:19,710 thanks for being here. We got almost 60 people here live 9 00:00:19,710 --> 00:00:21,360 today and we got another story of 10 00:00:21,360 --> 00:00:23,830 transformation. Now, the reason why we bring these stories 11 00:00:23,830 --> 00:00:25,200 to you is to remind you that it 12 00:00:25,200 --> 00:00:28,570 is absolutely possible with the right system and education 13 00:00:28,570 --> 00:00:29,840 and people to totally 14 00:00:30,000 --> 00:00:32,300 transform your life. Turn it all the way around and do 15 00:00:32,300 --> 00:00:34,000 something you don't even recognize a year or 16 00:00:34,000 --> 00:00:36,730 two from now. That transformation happened for Scott. That 17 00:00:36,730 --> 00:00:38,720 transformation happened for me and 18 00:00:38,720 --> 00:00:41,740 thousands of people inside of our community over the last 19 00:00:41,740 --> 00:00:44,080 decade and a half. And so what Scott and I have 20 00:00:44,080 --> 00:00:47,070 done over the last couple of months is every day brought 21 00:00:47,070 --> 00:00:49,520 you a new story of transformation. Scott, 22 00:00:49,520 --> 00:00:53,280 are you having fun? I'm having a blast. And anytime I get 23 00:00:53,280 --> 00:00:54,880 to hang out with you, the phenom, 24 00:00:55,840 --> 00:00:58,670 is a great time, especially your now country stories about 25 00:00:58,670 --> 00:01:01,680 living in the mountains on your 265 acres, 26 00:01:01,680 --> 00:01:04,130 between your chickens and your bears, man, it was never a 27 00:01:04,130 --> 00:01:04,800 dull moment. 28 00:01:04,800 --> 00:01:08,080 Yeah. A lot has transformed. When I first met this 29 00:01:08,080 --> 00:01:09,920 community, folks, I was living in a basement, 30 00:01:09,920 --> 00:01:12,650 my girlfriend's mom's basement. I was riding a bike to two 31 00:01:12,650 --> 00:01:14,640 jobs and I was drowning student loan debt. 32 00:01:15,440 --> 00:01:18,350 I was a mess. And because of this support in this community 33 00:01:18,350 --> 00:01:20,720 , in this process, I've done all kinds of 34 00:01:20,720 --> 00:01:23,450 deals in the last 10 years, paid off a boatload of debt, 35 00:01:23,450 --> 00:01:25,040 made a lot of money. And now I'm doing, 36 00:01:25,040 --> 00:01:27,580 I'm working on one of my dream deals right now, which is a 37 00:01:27,580 --> 00:01:29,440 land development experience that we're, 38 00:01:29,440 --> 00:01:31,950 that we're going through. Check out my episode. If you want 39 00:01:31,950 --> 00:01:33,360 to go further into detail on that. 40 00:01:34,240 --> 00:01:36,870 And Scott's had an amazing transformation to check out his 41 00:01:36,870 --> 00:01:39,200 episode. We've got a whole playlist over 80 42 00:01:39,200 --> 00:01:42,910 episodes now and counting. So after this, Scott, what do we 43 00:01:42,910 --> 00:01:44,800 want people to do after this? 44 00:01:44,800 --> 00:01:47,150 Well, actually you want to make sure that if you're going 45 00:01:47,150 --> 00:01:48,560 to, if you're going to try real estate at all, 46 00:01:48,560 --> 00:01:50,860 you want to dot the I's and cross the T's because it is 47 00:01:50,860 --> 00:01:52,800 risky and make sure you're doing it right. 48 00:01:52,800 --> 00:01:55,100 And the reason we're bringing this to you is so that you, 49 00:01:55,100 --> 00:01:57,600 you can find something. I mean, 50 00:01:57,600 --> 00:02:00,000 we got a great community that's been working together since 51 00:02:00,000 --> 00:02:02,640 2007 out of a building expanded all 52 00:02:02,640 --> 00:02:05,890 over the country and an education that makes sure that you 53 00:02:05,890 --> 00:02:08,480 're doing things legally and ethically. 54 00:02:08,480 --> 00:02:11,890 So if you're interested in those reasons to do real estate 55 00:02:11,890 --> 00:02:13,760 with our group, then get back in touch 56 00:02:13,760 --> 00:02:16,060 with the person who invited you here. They can get you to 57 00:02:16,060 --> 00:02:17,280 an intro. Like I saw, 58 00:02:17,280 --> 00:02:20,380 like Michael saw, I think like Eloy saw our guest of honor 59 00:02:20,380 --> 00:02:24,560 today or a property tour or a workshop or all 60 00:02:24,560 --> 00:02:26,660 of them. I've seen them all. I mean, I remember going to 61 00:02:26,660 --> 00:02:28,160 each of these things, wondering like, 62 00:02:28,160 --> 00:02:30,260 what is this going to be about and being pleasantly 63 00:02:30,260 --> 00:02:32,640 surprised after all of them. So an intro, 64 00:02:32,640 --> 00:02:34,820 a property tour or workshop, get back in touch with the 65 00:02:34,820 --> 00:02:36,160 person who invited you and pick. 66 00:02:36,160 --> 00:02:40,000 Yeah. And stay connected. There's a lot behind the scenes. 67 00:02:40,000 --> 00:02:41,200 So today is just the beginning. 68 00:02:42,000 --> 00:02:45,730 And so let's spotlight now today. One of our students who 69 00:02:45,730 --> 00:02:47,680 have come through the process, 70 00:02:48,800 --> 00:02:50,940 raised his awareness, raised his ability to make money in 71 00:02:50,940 --> 00:02:53,200 the marketplace, changed his family's 72 00:02:53,200 --> 00:02:56,300 destiny and where they're headed now. And so I'm really 73 00:02:56,300 --> 00:02:58,160 excited to have him share his story, 74 00:02:58,160 --> 00:03:00,510 where he came from, why he's linked arms with us and what 75 00:03:00,510 --> 00:03:03,520 he's done. When I first met him, he was just 76 00:03:03,520 --> 00:03:07,180 this go-getter kind of guy asking, Hey, how can I help in 77 00:03:07,180 --> 00:03:10,240 any capacity at all? So he's always had this 78 00:03:10,240 --> 00:03:13,010 service-minded approach. And that's one thing that our 79 00:03:13,010 --> 00:03:15,440 community really attracts is these kind of people. 80 00:03:15,440 --> 00:03:19,070 And so he used that service mind. He's around a lot of 81 00:03:19,070 --> 00:03:21,680 people and he started just listening and seeing 82 00:03:21,680 --> 00:03:24,610 and experiencing this process of becoming an investor. So I 83 00:03:24,610 --> 00:03:26,160 'm going to let him share his story. 84 00:03:26,160 --> 00:03:30,080 So everyone help me welcome to the stage, Mr. Eloy Lozada. 85 00:03:34,000 --> 00:03:37,630 Awesome. Well, hi everybody. I didn't know there's like 60 86 00:03:37,630 --> 00:03:39,520 people on the call. Welcome. You guys could be 87 00:03:39,520 --> 00:03:42,030 anywhere else on the planet. And here you are to listen to 88 00:03:42,030 --> 00:03:44,880 this cool little story. It was not that 89 00:03:44,880 --> 00:03:49,470 long ago, but I was flipping burgers. Seems kind of cliche 90 00:03:49,470 --> 00:03:52,640 to go from flipping burgers to flipping houses. 91 00:03:53,200 --> 00:03:56,830 But it was an interesting way that it all came about 92 00:03:56,830 --> 00:03:59,920 because my wife was, she's the kind of young 93 00:03:59,920 --> 00:04:02,910 lady that's always watching those flipping flop shows and 94 00:04:02,910 --> 00:04:05,200 the Property Brothers and everything of that 95 00:04:05,200 --> 00:04:09,100 nature. And it intrigued me a little bit, maybe not as much 96 00:04:09,100 --> 00:04:12,320 as it did her, but what I was interested in 97 00:04:12,320 --> 00:04:14,890 is the kind of money that's on the other side of solving 98 00:04:14,890 --> 00:04:15,920 those problems. 99 00:04:15,920 --> 00:04:18,480 How many burgers were you flipping? 100 00:04:19,840 --> 00:04:23,120 So what was the calculation? At least 500 burgers a day. 101 00:04:23,120 --> 00:04:24,880 And that's the... 102 00:04:25,600 --> 00:04:26,800 How long did you work there for? 103 00:04:28,720 --> 00:04:32,680 Longer than I should have been working there. Like over a 104 00:04:32,680 --> 00:04:35,680 year. So over a year of flipping burgers and 105 00:04:36,720 --> 00:04:41,520 you couldn't even make 20 grand in a year if you tried 106 00:04:41,520 --> 00:04:44,080 really, really hard and you climbed your way up to 107 00:04:44,080 --> 00:04:49,140 management. And this was the consequence of many bad 108 00:04:49,140 --> 00:04:52,240 decisions in my life that led me to that point. 109 00:04:52,240 --> 00:04:54,980 But I was ready to make better decisions. And so when my 110 00:04:54,980 --> 00:04:55,120 wife 111 00:04:56,400 --> 00:04:59,520 one day came to me saying, I think that we should check out 112 00:04:59,520 --> 00:05:01,600 what these guys got going on. 113 00:05:02,080 --> 00:05:05,710 It was a good friend of ours that was doing real estate and 114 00:05:05,710 --> 00:05:08,000 my wife was just looking for someone 115 00:05:08,000 --> 00:05:10,480 that could teach her the role. She's like, I want to do it. 116 00:05:10,480 --> 00:05:11,920 I want to do it through and through. 117 00:05:11,920 --> 00:05:14,290 Don't care what it takes. Don't care where we got to go. We 118 00:05:14,290 --> 00:05:16,480 did a lot of investigating. We found a lot of 119 00:05:17,120 --> 00:05:20,230 one trick pony shows, but just quite didn't fit right with 120 00:05:20,230 --> 00:05:20,480 us. 121 00:05:21,520 --> 00:05:26,540 But we saw this really cool strategy when I bumped into 122 00:05:26,540 --> 00:05:31,680 this community. The executive in me and the proof 123 00:05:31,680 --> 00:05:34,590 and the numbers just made total sense. But I wasn't very 124 00:05:34,590 --> 00:05:37,600 good at managing money and wasn't very good at 125 00:05:37,600 --> 00:05:41,280 making money either. So you can only imagine how that was. 126 00:05:41,280 --> 00:05:44,480 So anyways, how you could pay off your debt 127 00:05:44,480 --> 00:05:47,420 in just a fraction of the time without really changing your 128 00:05:47,420 --> 00:05:49,200 lifestyle or making any more money. 129 00:05:49,200 --> 00:05:51,820 You just have to kind of rearrange the things that you were 130 00:05:51,820 --> 00:05:53,120 doing with some smart tools. 131 00:05:54,080 --> 00:05:57,430 That hooked me right off the bat. I said, these people are 132 00:05:57,430 --> 00:05:59,600 smart. There's a lot of people here doing 133 00:05:59,600 --> 00:06:02,230 a lot of cool things and they're all making a lot more 134 00:06:02,230 --> 00:06:04,640 money than I am right now. How can I be part of 135 00:06:04,640 --> 00:06:07,930 this? How can we learn to do the same thing? My wife, in 136 00:06:07,930 --> 00:06:12,320 fact, called me in tears the night that she was 137 00:06:12,320 --> 00:06:15,820 introduced to the community and I followed through the next 138 00:06:15,820 --> 00:06:18,240 day to come see what all this hype was about. 139 00:06:18,240 --> 00:06:21,470 And instantly we were hooked. We decided real estate is the 140 00:06:21,470 --> 00:06:25,120 way to go. Financial management and education 141 00:06:25,120 --> 00:06:28,220 was what we wanted to go through without necessarily going 142 00:06:28,220 --> 00:06:30,640 through college. I didn't really want to go to 143 00:06:30,640 --> 00:06:33,900 college and learn about the history of Egyptian studies 144 00:06:33,900 --> 00:06:37,280 just to learn finances. I wanted to learn 145 00:06:37,280 --> 00:06:39,450 finances right off the bat. I didn't understand what all 146 00:06:39,450 --> 00:06:42,240 the in-betweens were about. I kind of want to 147 00:06:42,240 --> 00:06:48,090 like, I kind of want to learn Egyptian history. You have 148 00:06:48,090 --> 00:06:51,120 the choice to do that now. Before, 149 00:06:51,120 --> 00:06:54,000 you want to do business school, you have to learn some 150 00:06:54,000 --> 00:06:57,920 weird subject that you don't really care for. 151 00:06:57,920 --> 00:07:01,150 And so that's going to spend a lot of time and that time is 152 00:07:01,150 --> 00:07:03,200 a lot of opportunity cost that you could be 153 00:07:03,200 --> 00:07:05,690 learning something else or putting into practice what you 154 00:07:05,690 --> 00:07:07,680 've already learned to make money. So there's 155 00:07:07,680 --> 00:07:10,910 a really big practical... I got a question. So were you a 156 00:07:10,910 --> 00:07:12,480 straight-A student in high school, like 157 00:07:13,040 --> 00:07:15,770 like Dean's List honor roll, like headed towards fluoride 158 00:07:15,770 --> 00:07:20,320 scholarship? No. So really funny, my wife and I 159 00:07:20,320 --> 00:07:22,940 both went to separate high schools, but we found ourselves 160 00:07:22,940 --> 00:07:25,280 senior year at the Nauti school. I know every 161 00:07:25,280 --> 00:07:28,000 single state has that one school that's for the Nauti kids. 162 00:07:28,000 --> 00:07:31,040 That's where we ended up meeting. So yeah, 163 00:07:31,040 --> 00:07:34,870 definitely not a straight-A student. I did graduate with 164 00:07:34,870 --> 00:07:37,440 like a 3.5. So I'm happy with that. 165 00:07:38,640 --> 00:07:40,310 How do you get into the Nauti school? I mean, I want to 166 00:07:40,310 --> 00:07:41,600 keep my kid out of the Nauti school. 167 00:07:41,600 --> 00:07:44,070 What do I... it's a whole different direction here. No, you 168 00:07:44,070 --> 00:07:46,400 want your kids to go to the Nauti school because most of 169 00:07:46,400 --> 00:07:47,280 the Nauti kids 170 00:07:47,280 --> 00:07:50,250 end up being the boss of the nerdy kids who got straight A 171 00:07:50,250 --> 00:07:52,000 's if you think about it really. 172 00:07:52,000 --> 00:08:03,030 All right. Tell that to Bill Gates. Yeah. Okay. If we're 173 00:08:03,030 --> 00:08:05,040 comparing ourselves to Bill Gates, I guess that 174 00:08:05,040 --> 00:08:09,900 that totally makes sense. Now, really quickly, what ended 175 00:08:09,900 --> 00:08:13,360 up happening is within our first, I don't know, 176 00:08:13,360 --> 00:08:17,400 three months, I think, of like learning, putting some of 177 00:08:17,400 --> 00:08:20,960 these tools into practice, we started to destroy 178 00:08:20,960 --> 00:08:23,590 our debt, but we actually got into our first real estate 179 00:08:23,590 --> 00:08:26,000 transaction. And fix and flipping is what we 180 00:08:26,000 --> 00:08:29,000 thought that we wanted to do. We'll still do a fix and flip 181 00:08:29,000 --> 00:08:32,080 here and there, but that's what our primary 182 00:08:32,080 --> 00:08:35,500 like focus was on. We did a couple, made a lot more money 183 00:08:35,500 --> 00:08:38,160 in the first couple of deals than I would make 184 00:08:38,160 --> 00:08:42,860 in like two years worth of working at McDonald's. So that 185 00:08:42,860 --> 00:08:47,680 was a nice bonus. But we slowly came into the 186 00:08:47,680 --> 00:08:50,970 realization that having those big fat paychecks is nice, 187 00:08:50,970 --> 00:08:53,760 but wouldn't it be even nicer to know that 188 00:08:53,760 --> 00:08:56,480 there's going to be money coming in every single month 189 00:08:56,480 --> 00:08:59,680 without, you know, just do one thing once. 190 00:08:59,680 --> 00:09:02,250 And then you can just wash your hands and make sure that 191 00:09:02,250 --> 00:09:05,680 the cash flow is coming in. So my wife and I, 192 00:09:05,680 --> 00:09:08,140 we've kind of been doing the short term rental thing for a 193 00:09:08,140 --> 00:09:10,000 little bit now, and that's proved to be 194 00:09:10,640 --> 00:09:13,360 quite successful. I'd say results not typical, but the last 195 00:09:13,360 --> 00:09:15,840 couple of months we've cash flowed like over 196 00:09:15,840 --> 00:09:20,010 six grand in net profits from the units and we're not 197 00:09:20,010 --> 00:09:23,120 literally doing anything anymore. 198 00:09:23,120 --> 00:09:26,800 I'm getting a text. Let me get back on the screen. 199 00:09:29,360 --> 00:09:31,520 Okay. Can we see me? All right. 200 00:09:31,520 --> 00:09:32,560 Yeah, you're good. 201 00:09:32,560 --> 00:09:36,950 Okay, cool. Yeah. So we started the short term rental thing 202 00:09:36,950 --> 00:09:38,720 and this is what's really crazy 203 00:09:38,720 --> 00:09:42,460 about the business that we're in right now and the 204 00:09:42,460 --> 00:09:45,280 community that we're involved with and the education 205 00:09:45,280 --> 00:09:49,760 is that we decided to do a short term rental early or late 206 00:09:49,760 --> 00:09:54,880 2019. That went pretty well, but then our rent 207 00:09:54,880 --> 00:09:57,870 went up and we're like, let's get rid of this one and let's 208 00:09:57,870 --> 00:10:00,880 build a couple more. So we built two, 209 00:10:01,440 --> 00:10:04,540 got rid of one. And it was in March that we finished 210 00:10:04,540 --> 00:10:07,520 building our second unit. And then you guys all know 211 00:10:07,520 --> 00:10:09,840 what happened and the world kind of shut down and it was 212 00:10:09,840 --> 00:10:12,400 pretty scary for us. Like how are we going to 213 00:10:12,400 --> 00:10:16,240 pay the rent for, you know, these two units if three months 214 00:10:16,240 --> 00:10:18,560 worth of bookings just disappeared? 215 00:10:20,000 --> 00:10:22,550 So, it gives me anxiety just to think about. Now, cool 216 00:10:22,550 --> 00:10:26,000 thing is I jumped into a little groups that we 217 00:10:26,000 --> 00:10:28,300 kind of have going on every once in a while, little 218 00:10:28,300 --> 00:10:31,520 communities within the community, within the community 219 00:10:31,520 --> 00:10:35,390 niches. And we started reaching out wondering what it is 220 00:10:35,390 --> 00:10:37,520 that we can do to book these places. Like 221 00:10:37,520 --> 00:10:41,230 it's the middle of COVID and we have no idea what to do 222 00:10:41,230 --> 00:10:44,400 because we just built two units and we understood 223 00:10:44,400 --> 00:10:48,410 what to do up until that point. But this is new. Got so 224 00:10:48,410 --> 00:10:51,760 many cool ideas that we ended up staying booked 225 00:10:51,760 --> 00:10:54,910 all throughout the height of COVID. And in fact, we built 226 00:10:54,910 --> 00:10:58,000 two more in the middle, middle, middle of 227 00:10:58,000 --> 00:11:00,550 the pandemic. We're like, this is going pretty well. Let's 228 00:11:00,550 --> 00:11:02,560 build two more. So as people are getting rid of 229 00:11:02,560 --> 00:11:05,290 their units, as people are disappearing and kind of being 230 00:11:05,290 --> 00:11:07,120 scared of what's going on around them, 231 00:11:07,120 --> 00:11:11,040 we decided to double down on our action and build two more. 232 00:11:11,040 --> 00:11:12,800 And now the, you know, there's a little 233 00:11:12,800 --> 00:11:16,050 less travel restrictions, et cetera. Our bookings are going 234 00:11:16,050 --> 00:11:18,400 through the roof and it's just super wild 235 00:11:18,400 --> 00:11:22,870 and super cool. We want to double our portfolio this year. 236 00:11:22,870 --> 00:11:26,080 It's the coolest thing to see. We were calling 237 00:11:26,080 --> 00:11:30,040 owners, landlords and, you know, apartment buildings 238 00:11:30,040 --> 00:11:34,320 yesterday and to see my wife on the phone, like 239 00:11:34,320 --> 00:11:38,100 negotiating these deals is incredible because she was 240 00:11:38,100 --> 00:11:42,080 somewhat shy and this community just super empowered 241 00:11:42,080 --> 00:11:44,810 her. And because she has the knowledge, she feels confident 242 00:11:44,810 --> 00:11:46,880 to make these phone calls and to say the 243 00:11:46,880 --> 00:11:50,820 right thing at the right time, which has just been amazing. 244 00:11:50,820 --> 00:11:54,320 What part of the country we are in Utah. So we 245 00:11:54,320 --> 00:11:57,460 have our units in like downtown Salt Lake City, which is 246 00:11:57,460 --> 00:12:01,920 really, really cool. I can keep on talking, but 247 00:12:01,920 --> 00:12:04,090 maybe you want to ask a question because I'm that kind of 248 00:12:04,090 --> 00:12:06,080 guy that doesn't shut up if you don't stop them. 249 00:12:06,080 --> 00:12:09,920 I like it. Yeah, it's going well. So, 250 00:12:09,920 --> 00:12:12,000 I'm going to be able to ask a question. So, how many units 251 00:12:12,000 --> 00:12:12,960 do you have right now? 252 00:12:14,240 --> 00:12:16,880 Four. Okay. Four units. And if they're, 253 00:12:17,600 --> 00:12:20,700 if they're fully booked, what do you, what do you, what do 254 00:12:20,700 --> 00:12:22,000 you make a month? 255 00:12:23,280 --> 00:12:26,810 We're going to cashflow. So we've got two, two bedrooms and 256 00:12:26,810 --> 00:12:30,080 two, one bedrooms. We cashflow about 257 00:12:30,080 --> 00:12:35,290 $800 on like the best kind of month, $800 a month per room. 258 00:12:35,290 --> 00:12:38,080 So two of our units, 1600 a piece. That's 259 00:12:38,080 --> 00:12:43,910 about 3,200. And then, so just this last month, it was six 260 00:12:43,910 --> 00:12:47,600 grand in net profit. The month before that 261 00:12:47,600 --> 00:12:51,730 was just shy, like 5,800 bucks above all of our expenses. 262 00:12:51,730 --> 00:12:53,760 So that was super wild. That's after 263 00:12:53,760 --> 00:12:56,560 paying for cleaning supplies, paying for rent, everything. 264 00:12:56,560 --> 00:12:57,120 All of it. 265 00:12:57,120 --> 00:13:01,680 Great. Yeah. Wow. Yeah. So we want to, we want to double 266 00:13:01,680 --> 00:13:01,760 down. 267 00:13:01,760 --> 00:13:03,820 That's completely scalable. Like, all right, well, we know 268 00:13:03,820 --> 00:13:06,560 exactly what two and one are going to get 269 00:13:06,560 --> 00:13:09,560 us. And let's just, you know, now we could just add to the 270 00:13:09,560 --> 00:13:12,240 paycheck, you know, provided that there's 271 00:13:12,240 --> 00:13:16,360 still, they're staying rented. Yeah. So it's cool. Cause we 272 00:13:16,360 --> 00:13:18,800 're, we've become friends with the owner of the 273 00:13:19,840 --> 00:13:23,120 very small apartment complex that we're doing this strategy 274 00:13:23,120 --> 00:13:26,240 in. And our long-term goal is that we 275 00:13:26,240 --> 00:13:28,970 wanted to buy the whole building essentially, and we have 276 00:13:28,970 --> 00:13:31,040 the tools to do so. So these little 277 00:13:31,040 --> 00:13:33,500 hints that we're dropping, these little conversations that 278 00:13:33,500 --> 00:13:34,880 we're having every now and then, 279 00:13:34,880 --> 00:13:39,650 our goal is to own at least eight units in this building up 280 00:13:39,650 --> 00:13:41,920 until we can buy the building, 281 00:13:42,640 --> 00:13:44,960 which, you know, it's just a long-term game. I think that 282 00:13:44,960 --> 00:13:46,560 if you're going to jump into real estate, 283 00:13:46,560 --> 00:13:49,440 it's nice to make those fat paychecks right off the bat and 284 00:13:49,440 --> 00:13:51,840 everything is possible. But if you're 285 00:13:51,840 --> 00:13:54,720 looking at this as a long-term game, as a wealth creation 286 00:13:54,720 --> 00:13:56,560 strategy for you, for your family, 287 00:13:56,560 --> 00:13:59,500 for generations to come, it's absolutely the right way to 288 00:13:59,500 --> 00:14:01,440 go. It doesn't matter how much time you have 289 00:14:01,440 --> 00:14:05,070 available to do it. If you have hour, two hours a day to 290 00:14:05,070 --> 00:14:09,120 work on your craft, within the next couple of 291 00:14:09,120 --> 00:14:12,550 years, like you could be in a completely different place. 292 00:14:12,550 --> 00:14:15,520 And then you can imagine a couple of years 293 00:14:15,520 --> 00:14:18,280 after that and a couple of years after that. I feel like we 294 00:14:18,280 --> 00:14:20,160 've been doing this for a couple of years 295 00:14:20,160 --> 00:14:22,890 now and I feel like we're still new and we're still just 296 00:14:22,890 --> 00:14:25,840 getting started with real estate and 297 00:14:26,480 --> 00:14:29,840 everything. Like there's so much to do. How long ago did 298 00:14:29,840 --> 00:14:31,120 you get started? 299 00:14:33,280 --> 00:14:36,830 Uh, two and a half, almost three years ago. I think it was 300 00:14:36,830 --> 00:14:39,280 like two and a half years ago that we kind of 301 00:14:39,280 --> 00:14:42,100 popped our heads in and then we committed pretty quickly 302 00:14:42,100 --> 00:14:43,680 after seeing what was going on. 303 00:14:44,560 --> 00:14:47,660 Um, we took a small break of just, you know, enjoying life, 304 00:14:47,660 --> 00:14:49,840 family, the fruits of our labor. And then we 305 00:14:49,840 --> 00:14:53,300 realized let's, let's, we want to live this lifestyle that 306 00:14:53,300 --> 00:14:55,680 we just had for, you know, this six months. 307 00:14:56,160 --> 00:14:58,690 Um, let's double down and really create this for the next 308 00:14:58,690 --> 00:15:00,880 six years, for the next 16 years, for the next 309 00:15:01,440 --> 00:15:04,670 60 years. Let's just work a little extra hard right now. 310 00:15:04,670 --> 00:15:07,440 And then we're done. Then it's just all cream 311 00:15:07,440 --> 00:15:11,070 on top and it's just nice bonuses every day. Nice. So going 312 00:15:11,070 --> 00:15:13,200 from the naughty school to- 313 00:15:13,200 --> 00:15:15,440 The naughty- Yeah. You make naughty school proud, dude. 314 00:15:15,440 --> 00:15:17,920 Yeah, exactly. You're such an excellent- 315 00:15:17,920 --> 00:15:20,160 Like the naughty- Like the naughty school mascot. 316 00:15:20,160 --> 00:15:21,520 Yeah. 317 00:15:23,600 --> 00:15:25,900 That's what we do here. We take these naughty kids and 318 00:15:25,900 --> 00:15:27,760 these street punks and we turn them into real 319 00:15:27,760 --> 00:15:30,990 estate investors and successful entrepreneurs. I say that 320 00:15:30,990 --> 00:15:34,320 with love. I hope you understand that. 321 00:15:34,320 --> 00:15:35,440 Woody went to naughty school. 322 00:15:35,440 --> 00:15:37,040 Woody went to naughty school. 323 00:15:37,040 --> 00:15:37,600 Yeah, man. 324 00:15:37,600 --> 00:15:40,960 Woody, I probably didn't even finish school. I don't think. 325 00:15:41,840 --> 00:15:42,320 Oh, he did. 326 00:15:42,320 --> 00:15:42,560 Right. 327 00:15:42,560 --> 00:15:43,200 He did. 328 00:15:43,200 --> 00:15:44,320 He did. 329 00:15:45,280 --> 00:15:48,910 So I think that's fantastic because now you're, you didn't 330 00:15:48,910 --> 00:15:51,600 identify as a student necessarily, 331 00:15:51,600 --> 00:15:54,960 but you came into this training program and became an 332 00:15:54,960 --> 00:15:56,960 excellent student using this process, 333 00:15:56,960 --> 00:15:59,260 using the training and within three months working on your 334 00:15:59,260 --> 00:16:01,600 first deal, how much did you make on that 335 00:16:01,600 --> 00:16:02,160 first deal? 336 00:16:02,160 --> 00:16:05,760 So we made 30 grand split two ways. 337 00:16:06,640 --> 00:16:07,600 Now it's done with that. 338 00:16:07,600 --> 00:16:08,320 That was a flip. 339 00:16:08,320 --> 00:16:08,320 That was a flip. 340 00:16:08,320 --> 00:16:09,920 That was a flip. 341 00:16:09,920 --> 00:16:14,380 Yeah. And it just, I went and knocked on a few doors. I 342 00:16:14,380 --> 00:16:16,240 learned a couple of things from people that 343 00:16:16,240 --> 00:16:19,610 were doing exactly that. Here's what you should do. And we, 344 00:16:19,610 --> 00:16:21,360 I took the education very to heart. This 345 00:16:21,360 --> 00:16:25,100 is what you should do. Just go and do it. Where the words 346 00:16:25,100 --> 00:16:27,040 that were coming into my head. And so 347 00:16:27,040 --> 00:16:30,560 I went and knocked on a few doors for a couple of weeks. 348 00:16:30,560 --> 00:16:32,400 And next thing you know, we're in our first 349 00:16:32,400 --> 00:16:35,320 real estate transaction. So, and it was that quick. Cause I 350 00:16:35,320 --> 00:16:38,000 was, I gotta tell you that the honest truth, 351 00:16:38,000 --> 00:16:41,630 like I was pooping my pants. I was super like scared that 352 00:16:41,630 --> 00:16:44,000 we've gotten to the next level. And I'm talking 353 00:16:44,000 --> 00:16:47,880 to homeowners. It's one thing to study and then one thing 354 00:16:47,880 --> 00:16:50,560 to put into practice and then one thing for 355 00:16:50,560 --> 00:16:54,480 it to all start happening. But the support and the 356 00:16:54,480 --> 00:16:57,520 encouragement and the knowledge that I gained from 357 00:16:57,520 --> 00:17:00,760 the community and relying on them, it was always a safety 358 00:17:00,760 --> 00:17:03,040 net that helped me feel confident enough to 359 00:17:03,040 --> 00:17:06,680 actually take action. Knowing that whatever point I may get 360 00:17:06,680 --> 00:17:09,600 stuck in any kind of real estate transaction, 361 00:17:09,600 --> 00:17:12,720 there's someone doing exactly that. And I can call them. 362 00:17:12,720 --> 00:17:15,440 Like I can literally call almost everybody that 363 00:17:15,440 --> 00:17:19,350 I see on the, this screen right now. Earl, I could call 364 00:17:19,350 --> 00:17:21,600 Earl. I talked to Earl the other day. 365 00:17:22,400 --> 00:17:29,620 Yeah. I could talk to Mo. I call Andy. I can call Scott. We 366 00:17:29,620 --> 00:17:31,440 got 75 people on the line. You're like, 367 00:17:31,440 --> 00:17:34,320 you're like, rock around the other day. I can see Michael. 368 00:17:34,320 --> 00:17:40,720 That's awesome, dude. Yeah. It's cool to know 369 00:17:40,720 --> 00:17:44,370 that you guys are literally always here, ready to help. And 370 00:17:44,370 --> 00:17:46,880 then there's the education to fall back on. 371 00:17:46,880 --> 00:17:50,150 Like we want to learn some cool new, new strategies and put 372 00:17:50,150 --> 00:17:52,240 it into practice. If we're going to buy this 373 00:17:52,240 --> 00:17:55,140 building, how are we going to do so if we don't understand 374 00:17:55,140 --> 00:17:58,880 how to value add in a multifamily or 375 00:17:58,880 --> 00:18:01,030 commercial kind of a real estate deal? How does one go 376 00:18:01,030 --> 00:18:03,680 about that? Well, there's, there's a backup 377 00:18:03,680 --> 00:18:07,340 plan for that too. Hey, I got a question. You have two kids 378 00:18:07,340 --> 00:18:12,800 , right? Yes. The one you had before this 379 00:18:12,800 --> 00:18:16,260 experience in this training and the one after. So what was 380 00:18:16,260 --> 00:18:19,760 it like knowing that now you got this training 381 00:18:19,760 --> 00:18:22,920 and this new skill set in business and your second baby's 382 00:18:22,920 --> 00:18:24,960 on the way, what was that like compared to 383 00:18:24,960 --> 00:18:28,460 the first baby on the way with the jobs? Quite a bit better 384 00:18:28,460 --> 00:18:32,480 . We felt comfortable enough to even have 385 00:18:32,480 --> 00:18:37,250 our baby at home. We had a nice home birth. There is zero 386 00:18:37,250 --> 00:18:42,080 stress of having to be somewhere to provide. 387 00:18:42,320 --> 00:18:45,950 I mean, it's funny. Some of the residual paychecks that we 388 00:18:45,950 --> 00:18:49,440 've gotten over the last two years have paid for 389 00:18:50,080 --> 00:18:52,550 anything that the kids really need, whether it be schooling 390 00:18:52,550 --> 00:18:55,840 , diapers, food, extracurricular activities. 391 00:18:56,240 --> 00:18:59,360 And so that's just been a huge, huge blessing. And then 392 00:18:59,360 --> 00:19:01,440 there's days that, you know, my daughter wants to 393 00:19:01,440 --> 00:19:04,540 come to work with me and I'm excited for my little boy to 394 00:19:04,540 --> 00:19:07,200 voice that and, you know, say, Hey, I want to 395 00:19:07,200 --> 00:19:09,640 go and check out properties with you. I want to go and 396 00:19:09,640 --> 00:19:12,080 negotiate this deal with you. He's going to be a 397 00:19:12,080 --> 00:19:14,430 good, good negotiator. I'll tell you what, I'm going to put 398 00:19:14,430 --> 00:19:16,080 him straight into the naughty school. We're 399 00:19:16,080 --> 00:19:18,300 going to skip good school and just go straight to naughty 400 00:19:18,300 --> 00:19:18,800 school. 401 00:19:18,800 --> 00:19:24,000 Good stuff, man. 402 00:19:28,560 --> 00:19:30,160 Cool. You got any more questions, Scott? 403 00:19:31,200 --> 00:19:36,040 So from flipping burgers to doing real estate, that's a 404 00:19:36,040 --> 00:19:37,440 pretty big jump there, dude. 405 00:19:37,920 --> 00:19:42,240 And I'm excited. All right. That's all I got, dude. 406 00:19:42,960 --> 00:19:44,880 Yeah. Another great student. Another great. 407 00:19:44,880 --> 00:19:47,360 I want to hang out. I want to hang out with Eway more. 408 00:19:47,360 --> 00:19:51,750 Yeah. You'll like him. He's a cool cat. And he's fluent in 409 00:19:51,750 --> 00:19:52,080 Spanish. 410 00:19:53,440 --> 00:19:56,400 Which I am not. So I can order a burrito. I did last night. 411 00:20:00,960 --> 00:20:04,730 Yeah. He helped with a couple of things in Spanish that we 412 00:20:04,730 --> 00:20:05,840 needed to get done. I mean, 413 00:20:05,840 --> 00:20:09,150 the guy's got some secret power. So you'll appreciate you 414 00:20:09,150 --> 00:20:12,000 being here today. And then also help. I mean, 415 00:20:12,000 --> 00:20:14,740 you said a lot of people have helped you along the way, but 416 00:20:14,740 --> 00:20:17,840 I can count a ton of people who you've helped 417 00:20:17,840 --> 00:20:20,140 along the way. So I appreciate your contributions to our 418 00:20:20,140 --> 00:20:21,840 community and what you've been able to do. 419 00:20:22,560 --> 00:20:26,950 And yeah. Don't mind mentioning this actually. And because 420 00:20:26,950 --> 00:20:30,400 that's a good point. One thing that I did not 421 00:20:30,400 --> 00:20:33,140 expect, I guess, to come out of all of this was the help 422 00:20:33,140 --> 00:20:35,040 that we were going to then provide to, 423 00:20:35,040 --> 00:20:37,340 you know, family, friends, acquaintances, people in our 424 00:20:37,340 --> 00:20:39,760 circle of influence and in their circle of 425 00:20:39,760 --> 00:20:43,910 influence. But it is so cool to see some of our close 426 00:20:43,910 --> 00:20:48,400 friends and people that we got attracted to our 427 00:20:48,400 --> 00:20:51,160 enthusiasm with real estate and decided to start doing the 428 00:20:51,160 --> 00:20:55,680 same thing, make money in real estate and like 429 00:20:55,680 --> 00:20:58,080 start to change their lives. It's really, really cool. I 430 00:20:58,080 --> 00:20:59,600 got a text from one of our good friends 431 00:21:00,160 --> 00:21:03,390 that just post their first short term rental unit. That was 432 00:21:03,390 --> 00:21:05,360 fantastic to see. And it's definitely not 433 00:21:05,360 --> 00:21:08,090 the first one that we've seen that from. So yeah, just 434 00:21:08,090 --> 00:21:11,360 super, super cool. Yep. Spreading the love. It's hard to 435 00:21:11,360 --> 00:21:12,480 keep a good thing a secret. 436 00:21:12,480 --> 00:21:17,760 Great. That's right. Cool, man. Well, congrats again for 437 00:21:17,760 --> 00:21:19,360 all your success and what you've done so far. 438 00:21:19,360 --> 00:21:21,210 We're really excited to watch you grow over the next few 439 00:21:21,210 --> 00:21:23,120 years. And thanks for being here. 440 00:21:23,120 --> 00:21:25,940 All right. Hey, thank you guys for having me. You guys have 441 00:21:25,940 --> 00:21:27,280 a fantastic rest of the day. 442 00:21:27,280 --> 00:21:30,080 Yeah. Stick around for the two bonus questions. 443 00:21:30,080 --> 00:21:33,680 Oh yeah. Okay. I'll stay. I won't leave. Bonus round. 444 00:21:33,680 --> 00:21:38,710 All right, folks. So there's another episode in the history 445 00:21:38,710 --> 00:21:40,900 books. Thanks for watching that, viewing that. And if you 446 00:21:40,900 --> 00:21:40,960 're 447 00:21:40,960 --> 00:21:43,480 catching the recording, it's now time for you to request 448 00:21:43,480 --> 00:21:45,280 the next video. It's either going to be a 449 00:21:45,280 --> 00:21:48,380 house tour and an intro or a workshop. We do have a 450 00:21:48,380 --> 00:21:51,040 workshop coming up this Saturday. It's by invite 451 00:21:51,040 --> 00:21:53,380 only. It's not open to the public. So get back to the 452 00:21:53,380 --> 00:21:55,760 person invited you here to get on that registration 453 00:21:55,760 --> 00:21:58,590 list so you can get access. Please register early so we can 454 00:21:58,590 --> 00:22:00,400 get all the resources out in time. 455 00:22:00,400 --> 00:22:02,890 And one last thing I want to mention, the property tours 456 00:22:02,890 --> 00:22:04,880 that we talk about are actually students 457 00:22:04,880 --> 00:22:07,250 doing deals. So you'll literally see the deals being done 458 00:22:07,250 --> 00:22:08,720 by the students and numbers run. 459 00:22:09,440 --> 00:22:11,940 So sometimes people think, oh, you're going to pitch me a 460 00:22:11,940 --> 00:22:13,760 property. Nope. We all, 461 00:22:13,760 --> 00:22:15,550 nope. We're just going to show you the deals that are being 462 00:22:15,550 --> 00:22:17,360 done by the students that preceded you. 463 00:22:17,360 --> 00:22:20,090 Yeah. Yeah, exactly. Some of these are going to be 464 00:22:20,090 --> 00:22:21,920 PowerPoints, but most of them are live walking 465 00:22:21,920 --> 00:22:25,150 through the property, showing you why, how, what everything 466 00:22:25,150 --> 00:22:26,880 is going on. So yeah, thank you for 467 00:22:26,880 --> 00:22:29,410 that clarification. All right, folks catch the next episode 468 00:22:29,410 --> 00:22:31,120 . We'll see you on the next one. Have a great day. 469 00:22:31,120 --> 00:22:33,580 until the next episode