Eloy Losada public interview transcript
Source video: https://www.youtube.com/watch?v=dEOeHsxzdw8
Transcript created from the archived public video with Whisper. Speaker labels are not inferred.
[00:00:00.000 to 00:00:03,630] Oh, okay. Welcome everyone to our Zoom up. It's our meetup
[00:00:03.630 to 00:00:05,280] on Zoom. My name is Michael Huggins
[00:00:05.280 to 00:00:07,580] coming to you live from Tennessee. I got my co-host today
[00:00:07.580 to 00:00:09,440] out of Chicago. What's up, Scott?
[00:00:09.440 to 00:00:11,920] Chi-town buried in the snow. Scooty Rowley, everybody.
[00:00:11.920 to 00:00:14,880] Yeah. Welcome to another live edition. For those of you
[00:00:14.880 to 00:00:16,080] catching the recording,
[00:00:16.080 to 00:00:19,710] thanks for being here. We got almost 60 people here live
[00:00:19.710 to 00:00:21,360] today and we got another story of
[00:00:21.360 to 00:00:23,830] transformation. Now, the reason why we bring these stories
[00:00:23.830 to 00:00:25,200] to you is to remind you that it
[00:00:25.200 to 00:00:28,570] is absolutely possible with the right system and education
[00:00:28.570 to 00:00:29,840] and people to totally
[00:00:30.000 to 00:00:32,300] transform your life. Turn it all the way around and do
[00:00:32.300 to 00:00:34,000] something you don't even recognize a year or
[00:00:34.000 to 00:00:36,730] two from now. That transformation happened for Scott. That
[00:00:36.730 to 00:00:38,720] transformation happened for me and
[00:00:38.720 to 00:00:41,740] thousands of people inside of our community over the last
[00:00:41.740 to 00:00:44,080] decade and a half. And so what Scott and I have
[00:00:44.080 to 00:00:47,070] done over the last couple of months is every day brought
[00:00:47.070 to 00:00:49,520] you a new story of transformation. Scott,
[00:00:49.520 to 00:00:53,280] are you having fun? I'm having a blast. And anytime I get
[00:00:53.280 to 00:00:54,880] to hang out with you, the phenom,
[00:00:55.840 to 00:00:58,670] is a great time, especially your now country stories about
[00:00:58.670 to 00:01:01,680] living in the mountains on your 265 acres,
[00:01:01.680 to 00:01:04,130] between your chickens and your bears, man, it was never a
[00:01:04.130 to 00:01:04,800] dull moment.
[00:01:04.800 to 00:01:08,080] Yeah. A lot has transformed. When I first met this
[00:01:08.080 to 00:01:09,920] community, folks, I was living in a basement,
[00:01:09.920 to 00:01:12,650] my girlfriend's mom's basement. I was riding a bike to two
[00:01:12.650 to 00:01:14,640] jobs and I was drowning student loan debt.
[00:01:15.440 to 00:01:18,350] I was a mess. And because of this support in this community
[00:01:18.350 to 00:01:20,720] , in this process, I've done all kinds of
[00:01:20.720 to 00:01:23,450] deals in the last 10 years, paid off a boatload of debt,
[00:01:23.450 to 00:01:25,040] made a lot of money. And now I'm doing,
[00:01:25.040 to 00:01:27,580] I'm working on one of my dream deals right now, which is a
[00:01:27.580 to 00:01:29,440] land development experience that we're,
[00:01:29.440 to 00:01:31,950] that we're going through. Check out my episode. If you want
[00:01:31.950 to 00:01:33,360] to go further into detail on that.
[00:01:34.240 to 00:01:36,870] And Scott's had an amazing transformation to check out his
[00:01:36.870 to 00:01:39,200] episode. We've got a whole playlist over 80
[00:01:39.200 to 00:01:42,910] episodes now and counting. So after this, Scott, what do we
[00:01:42.910 to 00:01:44,800] want people to do after this?
[00:01:44.800 to 00:01:47,150] Well, actually you want to make sure that if you're going
[00:01:47.150 to 00:01:48,560] to, if you're going to try real estate at all,
[00:01:48.560 to 00:01:50,860] you want to dot the I's and cross the T's because it is
[00:01:50.860 to 00:01:52,800] risky and make sure you're doing it right.
[00:01:52.800 to 00:01:55,100] And the reason we're bringing this to you is so that you,
[00:01:55.100 to 00:01:57,600] you can find something. I mean,
[00:01:57.600 to 00:02:00,000] we got a great community that's been working together since
[00:02:00.000 to 00:02:02,640] 2007 out of a building expanded all
[00:02:02.640 to 00:02:05,890] over the country and an education that makes sure that you
[00:02:05.890 to 00:02:08,480] 're doing things legally and ethically.
[00:02:08.480 to 00:02:11,890] So if you're interested in those reasons to do real estate
[00:02:11.890 to 00:02:13,760] with our group, then get back in touch
[00:02:13.760 to 00:02:16,060] with the person who invited you here. They can get you to
[00:02:16.060 to 00:02:17,280] an intro. Like I saw,
[00:02:17.280 to 00:02:20,380] like Michael saw, I think like Eloy saw our guest of honor
[00:02:20.380 to 00:02:24,560] today or a property tour or a workshop or all
[00:02:24.560 to 00:02:26,660] of them. I've seen them all. I mean, I remember going to
[00:02:26.660 to 00:02:28,160] each of these things, wondering like,
[00:02:28.160 to 00:02:30,260] what is this going to be about and being pleasantly
[00:02:30.260 to 00:02:32,640] surprised after all of them. So an intro,
[00:02:32.640 to 00:02:34,820] a property tour or workshop, get back in touch with the
[00:02:34.820 to 00:02:36,160] person who invited you and pick.
[00:02:36.160 to 00:02:40,000] Yeah. And stay connected. There's a lot behind the scenes.
[00:02:40.000 to 00:02:41,200] So today is just the beginning.
[00:02:42.000 to 00:02:45,730] And so let's spotlight now today. One of our students who
[00:02:45.730 to 00:02:47,680] have come through the process,
[00:02:48.800 to 00:02:50,940] raised his awareness, raised his ability to make money in
[00:02:50.940 to 00:02:53,200] the marketplace, changed his family's
[00:02:53.200 to 00:02:56,300] destiny and where they're headed now. And so I'm really
[00:02:56.300 to 00:02:58,160] excited to have him share his story,
[00:02:58.160 to 00:03:00,510] where he came from, why he's linked arms with us and what
[00:03:00.510 to 00:03:03,520] he's done. When I first met him, he was just
[00:03:03.520 to 00:03:07,180] this go-getter kind of guy asking, Hey, how can I help in
[00:03:07.180 to 00:03:10,240] any capacity at all? So he's always had this
[00:03:10.240 to 00:03:13,010] service-minded approach. And that's one thing that our
[00:03:13.010 to 00:03:15,440] community really attracts is these kind of people.
[00:03:15.440 to 00:03:19,070] And so he used that service mind. He's around a lot of
[00:03:19.070 to 00:03:21,680] people and he started just listening and seeing
[00:03:21.680 to 00:03:24,610] and experiencing this process of becoming an investor. So I
[00:03:24.610 to 00:03:26,160] 'm going to let him share his story.
[00:03:26.160 to 00:03:30,080] So everyone help me welcome to the stage, Mr. Eloy Lozada.
[00:03:34.000 to 00:03:37,630] Awesome. Well, hi everybody. I didn't know there's like 60
[00:03:37.630 to 00:03:39,520] people on the call. Welcome. You guys could be
[00:03:39.520 to 00:03:42,030] anywhere else on the planet. And here you are to listen to
[00:03:42.030 to 00:03:44,880] this cool little story. It was not that
[00:03:44.880 to 00:03:49,470] long ago, but I was flipping burgers. Seems kind of cliche
[00:03:49.470 to 00:03:52,640] to go from flipping burgers to flipping houses.
[00:03:53.200 to 00:03:56,830] But it was an interesting way that it all came about
[00:03:56.830 to 00:03:59,920] because my wife was, she's the kind of young
[00:03:59.920 to 00:04:02,910] lady that's always watching those flipping flop shows and
[00:04:02.910 to 00:04:05,200] the Property Brothers and everything of that
[00:04:05.200 to 00:04:09,100] nature. And it intrigued me a little bit, maybe not as much
[00:04:09.100 to 00:04:12,320] as it did her, but what I was interested in
[00:04:12.320 to 00:04:14,890] is the kind of money that's on the other side of solving
[00:04:14.890 to 00:04:15,920] those problems.
[00:04:15.920 to 00:04:18,480] How many burgers were you flipping?
[00:04:19.840 to 00:04:23,120] So what was the calculation? At least 500 burgers a day.
[00:04:23.120 to 00:04:24,880] And that's the...
[00:04:25.600 to 00:04:26,800] How long did you work there for?
[00:04:28.720 to 00:04:32,680] Longer than I should have been working there. Like over a
[00:04:32.680 to 00:04:35,680] year. So over a year of flipping burgers and
[00:04:36.720 to 00:04:41,520] you couldn't even make 20 grand in a year if you tried
[00:04:41.520 to 00:04:44,080] really, really hard and you climbed your way up to
[00:04:44.080 to 00:04:49,140] management. And this was the consequence of many bad
[00:04:49.140 to 00:04:52,240] decisions in my life that led me to that point.
[00:04:52.240 to 00:04:54,980] But I was ready to make better decisions. And so when my
[00:04:54.980 to 00:04:55,120] wife
[00:04:56.400 to 00:04:59,520] one day came to me saying, I think that we should check out
[00:04:59.520 to 00:05:01,600] what these guys got going on.
[00:05:02.080 to 00:05:05,710] It was a good friend of ours that was doing real estate and
[00:05:05.710 to 00:05:08,000] my wife was just looking for someone
[00:05:08.000 to 00:05:10,480] that could teach her the role. She's like, I want to do it.
[00:05:10.480 to 00:05:11,920] I want to do it through and through.
[00:05:11.920 to 00:05:14,290] Don't care what it takes. Don't care where we got to go. We
[00:05:14.290 to 00:05:16,480] did a lot of investigating. We found a lot of
[00:05:17.120 to 00:05:20,230] one trick pony shows, but just quite didn't fit right with
[00:05:20.230 to 00:05:20,480] us.
[00:05:21.520 to 00:05:26,540] But we saw this really cool strategy when I bumped into
[00:05:26.540 to 00:05:31,680] this community. The executive in me and the proof
[00:05:31.680 to 00:05:34,590] and the numbers just made total sense. But I wasn't very
[00:05:34.590 to 00:05:37,600] good at managing money and wasn't very good at
[00:05:37.600 to 00:05:41,280] making money either. So you can only imagine how that was.
[00:05:41.280 to 00:05:44,480] So anyways, how you could pay off your debt
[00:05:44.480 to 00:05:47,420] in just a fraction of the time without really changing your
[00:05:47.420 to 00:05:49,200] lifestyle or making any more money.
[00:05:49.200 to 00:05:51,820] You just have to kind of rearrange the things that you were
[00:05:51.820 to 00:05:53,120] doing with some smart tools.
[00:05:54.080 to 00:05:57,430] That hooked me right off the bat. I said, these people are
[00:05:57.430 to 00:05:59,600] smart. There's a lot of people here doing
[00:05:59.600 to 00:06:02,230] a lot of cool things and they're all making a lot more
[00:06:02.230 to 00:06:04,640] money than I am right now. How can I be part of
[00:06:04.640 to 00:06:07,930] this? How can we learn to do the same thing? My wife, in
[00:06:07.930 to 00:06:12,320] fact, called me in tears the night that she was
[00:06:12.320 to 00:06:15,820] introduced to the community and I followed through the next
[00:06:15.820 to 00:06:18,240] day to come see what all this hype was about.
[00:06:18.240 to 00:06:21,470] And instantly we were hooked. We decided real estate is the
[00:06:21.470 to 00:06:25,120] way to go. Financial management and education
[00:06:25.120 to 00:06:28,220] was what we wanted to go through without necessarily going
[00:06:28.220 to 00:06:30,640] through college. I didn't really want to go to
[00:06:30.640 to 00:06:33,900] college and learn about the history of Egyptian studies
[00:06:33.900 to 00:06:37,280] just to learn finances. I wanted to learn
[00:06:37.280 to 00:06:39,450] finances right off the bat. I didn't understand what all
[00:06:39.450 to 00:06:42,240] the in-betweens were about. I kind of want to
[00:06:42.240 to 00:06:48,090] like, I kind of want to learn Egyptian history. You have
[00:06:48.090 to 00:06:51,120] the choice to do that now. Before,
[00:06:51.120 to 00:06:54,000] you want to do business school, you have to learn some
[00:06:54.000 to 00:06:57,920] weird subject that you don't really care for.
[00:06:57.920 to 00:07:01,150] And so that's going to spend a lot of time and that time is
[00:07:01.150 to 00:07:03,200] a lot of opportunity cost that you could be
[00:07:03.200 to 00:07:05,690] learning something else or putting into practice what you
[00:07:05.690 to 00:07:07,680] 've already learned to make money. So there's
[00:07:07.680 to 00:07:10,910] a really big practical... I got a question. So were you a
[00:07:10.910 to 00:07:12,480] straight-A student in high school, like
[00:07:13.040 to 00:07:15,770] like Dean's List honor roll, like headed towards fluoride
[00:07:15.770 to 00:07:20,320] scholarship? No. So really funny, my wife and I
[00:07:20.320 to 00:07:22,940] both went to separate high schools, but we found ourselves
[00:07:22.940 to 00:07:25,280] senior year at the Nauti school. I know every
[00:07:25.280 to 00:07:28,000] single state has that one school that's for the Nauti kids.
[00:07:28.000 to 00:07:31,040] That's where we ended up meeting. So yeah,
[00:07:31.040 to 00:07:34,870] definitely not a straight-A student. I did graduate with
[00:07:34.870 to 00:07:37,440] like a 3.5. So I'm happy with that.
[00:07:38.640 to 00:07:40,310] How do you get into the Nauti school? I mean, I want to
[00:07:40.310 to 00:07:41,600] keep my kid out of the Nauti school.
[00:07:41.600 to 00:07:44,070] What do I... it's a whole different direction here. No, you
[00:07:44.070 to 00:07:46,400] want your kids to go to the Nauti school because most of
[00:07:46.400 to 00:07:47,280] the Nauti kids
[00:07:47.280 to 00:07:50,250] end up being the boss of the nerdy kids who got straight A
[00:07:50.250 to 00:07:52,000] 's if you think about it really.
[00:07:52.000 to 00:08:03,030] All right. Tell that to Bill Gates. Yeah. Okay. If we're
[00:08:03.030 to 00:08:05,040] comparing ourselves to Bill Gates, I guess that
[00:08:05.040 to 00:08:09,900] that totally makes sense. Now, really quickly, what ended
[00:08:09.900 to 00:08:13,360] up happening is within our first, I don't know,
[00:08:13.360 to 00:08:17,400] three months, I think, of like learning, putting some of
[00:08:17.400 to 00:08:20,960] these tools into practice, we started to destroy
[00:08:20.960 to 00:08:23,590] our debt, but we actually got into our first real estate
[00:08:23.590 to 00:08:26,000] transaction. And fix and flipping is what we
[00:08:26.000 to 00:08:29,000] thought that we wanted to do. We'll still do a fix and flip
[00:08:29.000 to 00:08:32,080] here and there, but that's what our primary
[00:08:32.080 to 00:08:35,500] like focus was on. We did a couple, made a lot more money
[00:08:35.500 to 00:08:38,160] in the first couple of deals than I would make
[00:08:38.160 to 00:08:42,860] in like two years worth of working at McDonald's. So that
[00:08:42.860 to 00:08:47,680] was a nice bonus. But we slowly came into the
[00:08:47.680 to 00:08:50,970] realization that having those big fat paychecks is nice,
[00:08:50.970 to 00:08:53,760] but wouldn't it be even nicer to know that
[00:08:53.760 to 00:08:56,480] there's going to be money coming in every single month
[00:08:56.480 to 00:08:59,680] without, you know, just do one thing once.
[00:08:59.680 to 00:09:02,250] And then you can just wash your hands and make sure that
[00:09:02.250 to 00:09:05,680] the cash flow is coming in. So my wife and I,
[00:09:05.680 to 00:09:08,140] we've kind of been doing the short term rental thing for a
[00:09:08.140 to 00:09:10,000] little bit now, and that's proved to be
[00:09:10.640 to 00:09:13,360] quite successful. I'd say results not typical, but the last
[00:09:13.360 to 00:09:15,840] couple of months we've cash flowed like over
[00:09:15.840 to 00:09:20,010] six grand in net profits from the units and we're not
[00:09:20.010 to 00:09:23,120] literally doing anything anymore.
[00:09:23.120 to 00:09:26,800] I'm getting a text. Let me get back on the screen.
[00:09:29.360 to 00:09:31,520] Okay. Can we see me? All right.
[00:09:31.520 to 00:09:32,560] Yeah, you're good.
[00:09:32.560 to 00:09:36,950] Okay, cool. Yeah. So we started the short term rental thing
[00:09:36.950 to 00:09:38,720] and this is what's really crazy
[00:09:38.720 to 00:09:42,460] about the business that we're in right now and the
[00:09:42.460 to 00:09:45,280] community that we're involved with and the education
[00:09:45.280 to 00:09:49,760] is that we decided to do a short term rental early or late
[00:09:49.760 to 00:09:54,880] 2019. That went pretty well, but then our rent
[00:09:54.880 to 00:09:57,870] went up and we're like, let's get rid of this one and let's
[00:09:57.870 to 00:10:00,880] build a couple more. So we built two,
[00:10:01.440 to 00:10:04,540] got rid of one. And it was in March that we finished
[00:10:04.540 to 00:10:07,520] building our second unit. And then you guys all know
[00:10:07.520 to 00:10:09,840] what happened and the world kind of shut down and it was
[00:10:09.840 to 00:10:12,400] pretty scary for us. Like how are we going to
[00:10:12.400 to 00:10:16,240] pay the rent for, you know, these two units if three months
[00:10:16.240 to 00:10:18,560] worth of bookings just disappeared?
[00:10:20.000 to 00:10:22,550] So, it gives me anxiety just to think about. Now, cool
[00:10:22.550 to 00:10:26,000] thing is I jumped into a little groups that we
[00:10:26.000 to 00:10:28,300] kind of have going on every once in a while, little
[00:10:28.300 to 00:10:31,520] communities within the community, within the community
[00:10:31.520 to 00:10:35,390] niches. And we started reaching out wondering what it is
[00:10:35.390 to 00:10:37,520] that we can do to book these places. Like
[00:10:37.520 to 00:10:41,230] it's the middle of COVID and we have no idea what to do
[00:10:41.230 to 00:10:44,400] because we just built two units and we understood
[00:10:44.400 to 00:10:48,410] what to do up until that point. But this is new. Got so
[00:10:48.410 to 00:10:51,760] many cool ideas that we ended up staying booked
[00:10:51.760 to 00:10:54,910] all throughout the height of COVID. And in fact, we built
[00:10:54.910 to 00:10:58,000] two more in the middle, middle, middle of
[00:10:58.000 to 00:11:00,550] the pandemic. We're like, this is going pretty well. Let's
[00:11:00.550 to 00:11:02,560] build two more. So as people are getting rid of
[00:11:02.560 to 00:11:05,290] their units, as people are disappearing and kind of being
[00:11:05.290 to 00:11:07,120] scared of what's going on around them,
[00:11:07.120 to 00:11:11,040] we decided to double down on our action and build two more.
[00:11:11.040 to 00:11:12,800] And now the, you know, there's a little
[00:11:12.800 to 00:11:16,050] less travel restrictions, et cetera. Our bookings are going
[00:11:16.050 to 00:11:18,400] through the roof and it's just super wild
[00:11:18.400 to 00:11:22,870] and super cool. We want to double our portfolio this year.
[00:11:22.870 to 00:11:26,080] It's the coolest thing to see. We were calling
[00:11:26.080 to 00:11:30,040] owners, landlords and, you know, apartment buildings
[00:11:30.040 to 00:11:34,320] yesterday and to see my wife on the phone, like
[00:11:34.320 to 00:11:38,100] negotiating these deals is incredible because she was
[00:11:38.100 to 00:11:42,080] somewhat shy and this community just super empowered
[00:11:42.080 to 00:11:44,810] her. And because she has the knowledge, she feels confident
[00:11:44.810 to 00:11:46,880] to make these phone calls and to say the
[00:11:46.880 to 00:11:50,820] right thing at the right time, which has just been amazing.
[00:11:50.820 to 00:11:54,320] What part of the country we are in Utah. So we
[00:11:54.320 to 00:11:57,460] have our units in like downtown Salt Lake City, which is
[00:11:57.460 to 00:12:01,920] really, really cool. I can keep on talking, but
[00:12:01.920 to 00:12:04,090] maybe you want to ask a question because I'm that kind of
[00:12:04.090 to 00:12:06,080] guy that doesn't shut up if you don't stop them.
[00:12:06.080 to 00:12:09,920] I like it. Yeah, it's going well. So,
[00:12:09.920 to 00:12:12,000] I'm going to be able to ask a question. So, how many units
[00:12:12.000 to 00:12:12,960] do you have right now?
[00:12:14.240 to 00:12:16,880] Four. Okay. Four units. And if they're,
[00:12:17.600 to 00:12:20,700] if they're fully booked, what do you, what do you, what do
[00:12:20.700 to 00:12:22,000] you make a month?
[00:12:23.280 to 00:12:26,810] We're going to cashflow. So we've got two, two bedrooms and
[00:12:26.810 to 00:12:30,080] two, one bedrooms. We cashflow about
[00:12:30.080 to 00:12:35,290] $800 on like the best kind of month, $800 a month per room.
[00:12:35.290 to 00:12:38,080] So two of our units, 1600 a piece. That's
[00:12:38.080 to 00:12:43,910] about 3,200. And then, so just this last month, it was six
[00:12:43.910 to 00:12:47,600] grand in net profit. The month before that
[00:12:47.600 to 00:12:51,730] was just shy, like 5,800 bucks above all of our expenses.
[00:12:51.730 to 00:12:53,760] So that was super wild. That's after
[00:12:53.760 to 00:12:56,560] paying for cleaning supplies, paying for rent, everything.
[00:12:56.560 to 00:12:57,120] All of it.
[00:12:57.120 to 00:13:01,680] Great. Yeah. Wow. Yeah. So we want to, we want to double
[00:13:01.680 to 00:13:01,760] down.
[00:13:01.760 to 00:13:03,820] That's completely scalable. Like, all right, well, we know
[00:13:03.820 to 00:13:06,560] exactly what two and one are going to get
[00:13:06.560 to 00:13:09,560] us. And let's just, you know, now we could just add to the
[00:13:09.560 to 00:13:12,240] paycheck, you know, provided that there's
[00:13:12.240 to 00:13:16,360] still, they're staying rented. Yeah. So it's cool. Cause we
[00:13:16.360 to 00:13:18,800] 're, we've become friends with the owner of the
[00:13:19.840 to 00:13:23,120] very small apartment complex that we're doing this strategy
[00:13:23.120 to 00:13:26,240] in. And our long-term goal is that we
[00:13:26.240 to 00:13:28,970] wanted to buy the whole building essentially, and we have
[00:13:28.970 to 00:13:31,040] the tools to do so. So these little
[00:13:31.040 to 00:13:33,500] hints that we're dropping, these little conversations that
[00:13:33.500 to 00:13:34,880] we're having every now and then,
[00:13:34.880 to 00:13:39,650] our goal is to own at least eight units in this building up
[00:13:39.650 to 00:13:41,920] until we can buy the building,
[00:13:42.640 to 00:13:44,960] which, you know, it's just a long-term game. I think that
[00:13:44.960 to 00:13:46,560] if you're going to jump into real estate,
[00:13:46.560 to 00:13:49,440] it's nice to make those fat paychecks right off the bat and
[00:13:49.440 to 00:13:51,840] everything is possible. But if you're
[00:13:51.840 to 00:13:54,720] looking at this as a long-term game, as a wealth creation
[00:13:54.720 to 00:13:56,560] strategy for you, for your family,
[00:13:56.560 to 00:13:59,500] for generations to come, it's absolutely the right way to
[00:13:59.500 to 00:14:01,440] go. It doesn't matter how much time you have
[00:14:01.440 to 00:14:05,070] available to do it. If you have hour, two hours a day to
[00:14:05.070 to 00:14:09,120] work on your craft, within the next couple of
[00:14:09.120 to 00:14:12,550] years, like you could be in a completely different place.
[00:14:12.550 to 00:14:15,520] And then you can imagine a couple of years
[00:14:15.520 to 00:14:18,280] after that and a couple of years after that. I feel like we
[00:14:18.280 to 00:14:20,160] 've been doing this for a couple of years
[00:14:20.160 to 00:14:22,890] now and I feel like we're still new and we're still just
[00:14:22.890 to 00:14:25,840] getting started with real estate and
[00:14:26.480 to 00:14:29,840] everything. Like there's so much to do. How long ago did
[00:14:29.840 to 00:14:31,120] you get started?
[00:14:33.280 to 00:14:36,830] Uh, two and a half, almost three years ago. I think it was
[00:14:36.830 to 00:14:39,280] like two and a half years ago that we kind of
[00:14:39.280 to 00:14:42,100] popped our heads in and then we committed pretty quickly
[00:14:42.100 to 00:14:43,680] after seeing what was going on.
[00:14:44.560 to 00:14:47,660] Um, we took a small break of just, you know, enjoying life,
[00:14:47.660 to 00:14:49,840] family, the fruits of our labor. And then we
[00:14:49.840 to 00:14:53,300] realized let's, let's, we want to live this lifestyle that
[00:14:53.300 to 00:14:55,680] we just had for, you know, this six months.
[00:14:56.160 to 00:14:58,690] Um, let's double down and really create this for the next
[00:14:58.690 to 00:15:00,880] six years, for the next 16 years, for the next
[00:15:01.440 to 00:15:04,670] 60 years. Let's just work a little extra hard right now.
[00:15:04.670 to 00:15:07,440] And then we're done. Then it's just all cream
[00:15:07.440 to 00:15:11,070] on top and it's just nice bonuses every day. Nice. So going
[00:15:11.070 to 00:15:13,200] from the naughty school to-
[00:15:13.200 to 00:15:15,440] The naughty- Yeah. You make naughty school proud, dude.
[00:15:15.440 to 00:15:17,920] Yeah, exactly. You're such an excellent-
[00:15:17.920 to 00:15:20,160] Like the naughty- Like the naughty school mascot.
[00:15:20.160 to 00:15:21,520] Yeah.
[00:15:23.600 to 00:15:25,900] That's what we do here. We take these naughty kids and
[00:15:25.900 to 00:15:27,760] these street punks and we turn them into real
[00:15:27.760 to 00:15:30,990] estate investors and successful entrepreneurs. I say that
[00:15:30.990 to 00:15:34,320] with love. I hope you understand that.
[00:15:34.320 to 00:15:35,440] Woody went to naughty school.
[00:15:35.440 to 00:15:37,040] Woody went to naughty school.
[00:15:37.040 to 00:15:37,600] Yeah, man.
[00:15:37.600 to 00:15:40,960] Woody, I probably didn't even finish school. I don't think.
[00:15:41.840 to 00:15:42,320] Oh, he did.
[00:15:42.320 to 00:15:42,560] Right.
[00:15:42.560 to 00:15:43,200] He did.
[00:15:43.200 to 00:15:44,320] He did.
[00:15:45.280 to 00:15:48,910] So I think that's fantastic because now you're, you didn't
[00:15:48.910 to 00:15:51,600] identify as a student necessarily,
[00:15:51.600 to 00:15:54,960] but you came into this training program and became an
[00:15:54.960 to 00:15:56,960] excellent student using this process,
[00:15:56.960 to 00:15:59,260] using the training and within three months working on your
[00:15:59.260 to 00:16:01,600] first deal, how much did you make on that
[00:16:01.600 to 00:16:02,160] first deal?
[00:16:02.160 to 00:16:05,760] So we made 30 grand split two ways.
[00:16:06.640 to 00:16:07,600] Now it's done with that.
[00:16:07.600 to 00:16:08,320] That was a flip.
[00:16:08.320 to 00:16:08,320] That was a flip.
[00:16:08.320 to 00:16:09,920] That was a flip.
[00:16:09.920 to 00:16:14,380] Yeah. And it just, I went and knocked on a few doors. I
[00:16:14.380 to 00:16:16,240] learned a couple of things from people that
[00:16:16.240 to 00:16:19,610] were doing exactly that. Here's what you should do. And we,
[00:16:19.610 to 00:16:21,360] I took the education very to heart. This
[00:16:21.360 to 00:16:25,100] is what you should do. Just go and do it. Where the words
[00:16:25.100 to 00:16:27,040] that were coming into my head. And so
[00:16:27.040 to 00:16:30,560] I went and knocked on a few doors for a couple of weeks.
[00:16:30.560 to 00:16:32,400] And next thing you know, we're in our first
[00:16:32.400 to 00:16:35,320] real estate transaction. So, and it was that quick. Cause I
[00:16:35.320 to 00:16:38,000] was, I gotta tell you that the honest truth,
[00:16:38.000 to 00:16:41,630] like I was pooping my pants. I was super like scared that
[00:16:41.630 to 00:16:44,000] we've gotten to the next level. And I'm talking
[00:16:44.000 to 00:16:47,880] to homeowners. It's one thing to study and then one thing
[00:16:47.880 to 00:16:50,560] to put into practice and then one thing for
[00:16:50.560 to 00:16:54,480] it to all start happening. But the support and the
[00:16:54.480 to 00:16:57,520] encouragement and the knowledge that I gained from
[00:16:57.520 to 00:17:00,760] the community and relying on them, it was always a safety
[00:17:00.760 to 00:17:03,040] net that helped me feel confident enough to
[00:17:03.040 to 00:17:06,680] actually take action. Knowing that whatever point I may get
[00:17:06.680 to 00:17:09,600] stuck in any kind of real estate transaction,
[00:17:09.600 to 00:17:12,720] there's someone doing exactly that. And I can call them.
[00:17:12.720 to 00:17:15,440] Like I can literally call almost everybody that
[00:17:15.440 to 00:17:19,350] I see on the, this screen right now. Earl, I could call
[00:17:19.350 to 00:17:21,600] Earl. I talked to Earl the other day.
[00:17:22.400 to 00:17:29,620] Yeah. I could talk to Mo. I call Andy. I can call Scott. We
[00:17:29.620 to 00:17:31,440] got 75 people on the line. You're like,
[00:17:31.440 to 00:17:34,320] you're like, rock around the other day. I can see Michael.
[00:17:34.320 to 00:17:40,720] That's awesome, dude. Yeah. It's cool to know
[00:17:40.720 to 00:17:44,370] that you guys are literally always here, ready to help. And
[00:17:44.370 to 00:17:46,880] then there's the education to fall back on.
[00:17:46.880 to 00:17:50,150] Like we want to learn some cool new, new strategies and put
[00:17:50.150 to 00:17:52,240] it into practice. If we're going to buy this
[00:17:52.240 to 00:17:55,140] building, how are we going to do so if we don't understand
[00:17:55.140 to 00:17:58,880] how to value add in a multifamily or
[00:17:58.880 to 00:18:01,030] commercial kind of a real estate deal? How does one go
[00:18:01.030 to 00:18:03,680] about that? Well, there's, there's a backup
[00:18:03.680 to 00:18:07,340] plan for that too. Hey, I got a question. You have two kids
[00:18:07.340 to 00:18:12,800] , right? Yes. The one you had before this
[00:18:12.800 to 00:18:16,260] experience in this training and the one after. So what was
[00:18:16.260 to 00:18:19,760] it like knowing that now you got this training
[00:18:19.760 to 00:18:22,920] and this new skill set in business and your second baby's
[00:18:22.920 to 00:18:24,960] on the way, what was that like compared to
[00:18:24.960 to 00:18:28,460] the first baby on the way with the jobs? Quite a bit better
[00:18:28.460 to 00:18:32,480] . We felt comfortable enough to even have
[00:18:32.480 to 00:18:37,250] our baby at home. We had a nice home birth. There is zero
[00:18:37.250 to 00:18:42,080] stress of having to be somewhere to provide.
[00:18:42.320 to 00:18:45,950] I mean, it's funny. Some of the residual paychecks that we
[00:18:45.950 to 00:18:49,440] 've gotten over the last two years have paid for
[00:18:50.080 to 00:18:52,550] anything that the kids really need, whether it be schooling
[00:18:52.550 to 00:18:55,840] , diapers, food, extracurricular activities.
[00:18:56.240 to 00:18:59,360] And so that's just been a huge, huge blessing. And then
[00:18:59.360 to 00:19:01,440] there's days that, you know, my daughter wants to
[00:19:01.440 to 00:19:04,540] come to work with me and I'm excited for my little boy to
[00:19:04.540 to 00:19:07,200] voice that and, you know, say, Hey, I want to
[00:19:07.200 to 00:19:09,640] go and check out properties with you. I want to go and
[00:19:09.640 to 00:19:12,080] negotiate this deal with you. He's going to be a
[00:19:12.080 to 00:19:14,430] good, good negotiator. I'll tell you what, I'm going to put
[00:19:14.430 to 00:19:16,080] him straight into the naughty school. We're
[00:19:16.080 to 00:19:18,300] going to skip good school and just go straight to naughty
[00:19:18.300 to 00:19:18,800] school.
[00:19:18.800 to 00:19:24,000] Good stuff, man.
[00:19:28.560 to 00:19:30,160] Cool. You got any more questions, Scott?
[00:19:31.200 to 00:19:36,040] So from flipping burgers to doing real estate, that's a
[00:19:36.040 to 00:19:37,440] pretty big jump there, dude.
[00:19:37.920 to 00:19:42,240] And I'm excited. All right. That's all I got, dude.
[00:19:42.960 to 00:19:44,880] Yeah. Another great student. Another great.
[00:19:44.880 to 00:19:47,360] I want to hang out. I want to hang out with Eway more.
[00:19:47.360 to 00:19:51,750] Yeah. You'll like him. He's a cool cat. And he's fluent in
[00:19:51.750 to 00:19:52,080] Spanish.
[00:19:53.440 to 00:19:56,400] Which I am not. So I can order a burrito. I did last night.
[00:20:00.960 to 00:20:04,730] Yeah. He helped with a couple of things in Spanish that we
[00:20:04.730 to 00:20:05,840] needed to get done. I mean,
[00:20:05.840 to 00:20:09,150] the guy's got some secret power. So you'll appreciate you
[00:20:09.150 to 00:20:12,000] being here today. And then also help. I mean,
[00:20:12.000 to 00:20:14,740] you said a lot of people have helped you along the way, but
[00:20:14.740 to 00:20:17,840] I can count a ton of people who you've helped
[00:20:17.840 to 00:20:20,140] along the way. So I appreciate your contributions to our
[00:20:20.140 to 00:20:21,840] community and what you've been able to do.
[00:20:22.560 to 00:20:26,950] And yeah. Don't mind mentioning this actually. And because
[00:20:26.950 to 00:20:30,400] that's a good point. One thing that I did not
[00:20:30.400 to 00:20:33,140] expect, I guess, to come out of all of this was the help
[00:20:33.140 to 00:20:35,040] that we were going to then provide to,
[00:20:35.040 to 00:20:37,340] you know, family, friends, acquaintances, people in our
[00:20:37.340 to 00:20:39,760] circle of influence and in their circle of
[00:20:39.760 to 00:20:43,910] influence. But it is so cool to see some of our close
[00:20:43.910 to 00:20:48,400] friends and people that we got attracted to our
[00:20:48.400 to 00:20:51,160] enthusiasm with real estate and decided to start doing the
[00:20:51.160 to 00:20:55,680] same thing, make money in real estate and like
[00:20:55.680 to 00:20:58,080] start to change their lives. It's really, really cool. I
[00:20:58.080 to 00:20:59,600] got a text from one of our good friends
[00:21:00.160 to 00:21:03,390] that just post their first short term rental unit. That was
[00:21:03.390 to 00:21:05,360] fantastic to see. And it's definitely not
[00:21:05.360 to 00:21:08,090] the first one that we've seen that from. So yeah, just
[00:21:08.090 to 00:21:11,360] super, super cool. Yep. Spreading the love. It's hard to
[00:21:11.360 to 00:21:12,480] keep a good thing a secret.
[00:21:12.480 to 00:21:17,760] Great. That's right. Cool, man. Well, congrats again for
[00:21:17.760 to 00:21:19,360] all your success and what you've done so far.
[00:21:19.360 to 00:21:21,210] We're really excited to watch you grow over the next few
[00:21:21.210 to 00:21:23,120] years. And thanks for being here.
[00:21:23.120 to 00:21:25,940] All right. Hey, thank you guys for having me. You guys have
[00:21:25.940 to 00:21:27,280] a fantastic rest of the day.
[00:21:27.280 to 00:21:30,080] Yeah. Stick around for the two bonus questions.
[00:21:30.080 to 00:21:33,680] Oh yeah. Okay. I'll stay. I won't leave. Bonus round.
[00:21:33.680 to 00:21:38,710] All right, folks. So there's another episode in the history
[00:21:38.710 to 00:21:40,900] books. Thanks for watching that, viewing that. And if you
[00:21:40.900 to 00:21:40,960] 're
[00:21:40.960 to 00:21:43,480] catching the recording, it's now time for you to request
[00:21:43.480 to 00:21:45,280] the next video. It's either going to be a
[00:21:45.280 to 00:21:48,380] house tour and an intro or a workshop. We do have a
[00:21:48.380 to 00:21:51,040] workshop coming up this Saturday. It's by invite
[00:21:51.040 to 00:21:53,380] only. It's not open to the public. So get back to the
[00:21:53.380 to 00:21:55,760] person invited you here to get on that registration
[00:21:55.760 to 00:21:58,590] list so you can get access. Please register early so we can
[00:21:58.590 to 00:22:00,400] get all the resources out in time.
[00:22:00.400 to 00:22:02,890] And one last thing I want to mention, the property tours
[00:22:02.890 to 00:22:04,880] that we talk about are actually students
[00:22:04.880 to 00:22:07,250] doing deals. So you'll literally see the deals being done
[00:22:07.250 to 00:22:08,720] by the students and numbers run.
[00:22:09.440 to 00:22:11,940] So sometimes people think, oh, you're going to pitch me a
[00:22:11.940 to 00:22:13,760] property. Nope. We all,
[00:22:13.760 to 00:22:15,550] nope. We're just going to show you the deals that are being
[00:22:15.550 to 00:22:17,360] done by the students that preceded you.
[00:22:17.360 to 00:22:20,090] Yeah. Yeah, exactly. Some of these are going to be
[00:22:20.090 to 00:22:21,920] PowerPoints, but most of them are live walking
[00:22:21.920 to 00:22:25,150] through the property, showing you why, how, what everything
[00:22:25.150 to 00:22:26,880] is going on. So yeah, thank you for
[00:22:26.880 to 00:22:29,410] that clarification. All right, folks catch the next episode
[00:22:29.410 to 00:22:31,120] . We'll see you on the next one. Have a great day.
[00:22:31.120 to 00:22:33,580] until the next episode