February 19, 2025 • 14 mins
Wealth Wednesdays Real Estate Club: Updates, Insights, Masterclass Opportunities + More
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Speaker 1 (00:03):
What's up?
Speaker 2 (00:03):
His way up with Angela. Yeah, I'm here at my
Wealth Wednesday partner Stacy Tisdall.
Speaker 3 (00:07):
Happy Wealth Wednesdays, everybody, and yeal Estate Wednesday.
Speaker 2 (00:12):
This is our Wealth Wednesdays Real Estate Club partner Sam.
Speaker 1 (00:15):
Abraham guest co hosts.
Speaker 3 (00:18):
Be here again and they are into week three now
of the challenge. Am at the beginning of the month
and Anthony your property by the end of the month.
Speaker 1 (00:28):
How's it going going good? We are closing this week,
so we're we're right on track. So excited about this week.
Speaker 2 (00:36):
Yes, yes, that's a big deal. It hasn't been working
with Anthony because I also know, you know, partnerships can
be smooth, that can be, but these are kind of
quick ins and outs.
Speaker 1 (00:52):
Also, Yeah, it's quick in and out. Anthony has been great.
Then you know we've communicated, Hey, Anthony.
Speaker 4 (00:59):
What's going on?
Speaker 1 (00:59):
Anthony? We've communicated very well. So I'm not I mean,
we could definitely do another deal together.
Speaker 2 (01:06):
I see this established and now you give him five stars. Yeah,
for anybody else that he might want to work with,
because those referrals and references are a big deal. You
want to know how what was it like to work
But it's passed around the club.
Speaker 4 (01:18):
So she's doing a JV. And I tell people before
you go and partner with someone officially joint venture, that's
a one time partnership on one deal. It does well,
then you can go make a formal partnership, set up
an LLC together, and you know go, you know, go
all in. But it's a great way to test the
waters and make sure everyone's doing their.
Speaker 3 (01:33):
Partner Yeah, Sam, for people just tuning in, get them
up to speed on the property and their partnership.
Speaker 4 (01:39):
Yeah. So Stadina and Anthony are buying a single family
home in Springfield, Ohio. They they founded through the club,
so it was one of the properties that we presented
to them. And and Anthony is brand new in the
in the game, brand new in real estate, and you
know he's he was able to access some funds and
his retirement compan he didn't know he can use, which
we talked about in.
Speaker 3 (01:59):
The last you four ol one K go check out
the clubs.
Speaker 4 (02:04):
Using those money to buy the property. Stadena is bringing
her expertise now that she's done now a deal and
she's bringing her credit and together they're going to do
a joint venture to buy this eight hundred square foot
two bedroom home in Springfild, Ohio. They're gonna do the
burd strategy where they're gonna buy it, renovate it, rented out,
and refinance it to keep the money properly long term
with very little money invested long term. And she's been
(02:25):
she's gone through the contract process, negotiation process gotten, the
appraisal was done, the financing is in order, and now
she's going through the checklist to get ready to close.
Speaker 3 (02:37):
What are some of the things you have to do
to prepare for closing?
Speaker 1 (02:41):
One? Funds, Make sure the funds are are there inaccessible.
What else do we need? Insurance, Like we talked about
last week, we want to make sure if something happens
while we're doing any work that the contractors are covered.
So insurance is very important. And then you know, we
signed just a bunch of paperwork.
Speaker 2 (03:01):
Yeah, that's and they do a lot of virtual closings
now to which since the pandemic, that's been really helpful
because sometimes you spend hours in the lawyer's office.
Speaker 1 (03:10):
You closed from your home, so don't be sending a
notary to the house to do everything. So yeah, makes
it painless, but it is a lot of paperwork.
Speaker 4 (03:18):
When we tell the people that you know why getting
the right type of insurance is important, right because a
lot of people think that we're you know, buy a property,
they get a homeowner's policy, a landlord policy. If you're
going to do renovations to a property, you need to
get a builder's risk hazard policy.
Speaker 2 (03:32):
Some insurance companies won't ensure you know, your property wild
until it's it's finished.
Speaker 4 (03:38):
That's why you need the right one. You can't call
one of the some of these retail state farm but
you can't call state farm call.
Speaker 2 (03:49):
She was like, I'm sorry, we can't do this.
Speaker 4 (03:54):
Need insurance companies that target people like US investors that
let that ensure properties be a older's risk hazard policy.
You're telling the insurance company from day one, the property
is going to be vacant, right So number one, that's
that's a red flag for some insurance companies. They won't
they won't ensure a vacant property. You're also talking you
can do new renovations to the property. Insurance companies will
charge your premium for that because liability is highed when
(04:16):
there's renovations going on. Someone can put a nail through
their finger or can do what happened to me in Columbus,
Ohio where I was doing the roof and I get
a text from the neighbor saying, hey, the roof will
just fall off your roof and I was like, oh wow.
I called the insurance company and said, hey, is my
insurance good? Like yeah. Then I called the contract I
(04:36):
said you're okay, don't worry, I'm covering good.
Speaker 2 (04:40):
Listen or even I had a neighbor that was constantly
complaining and saying this is wrong, that is wrong. This
caused X, Y, and Z to happen. But the contractor
had the insurance, and so it is important to have
that while you know it's working, because you don't want
to have to be coming out of pocket.
Speaker 3 (04:57):
Exactly exactly in the club, they actually helped you find
the right insurance.
Speaker 1 (05:03):
Yes, yes, so they do have resources for insurance. Different
states have different rules and regulations, so yeah, definitely a
great resource in the insurance departments, saying.
Speaker 3 (05:14):
We're getting everybody the best quotes.
Speaker 4 (05:15):
That's right, the best quotes, the right type of policy
to make sure they're covered all right, and so we
can get to the closing table and feel protected.
Speaker 2 (05:21):
Now, aside from all of that, the rehab process, So
talk to us about that, like how long do you
estimate because now you already have experience under your belt,
You've done properties in Saint Louis and Toledo prior to this,
So what do you estimate as far as how long
it's going to take to get the rehab done and
how much it's going to cost.
Speaker 1 (05:40):
So we have budgeted thirty thousand, I believe for the
for the rehab for this one. So get that money
from the lenders. Yep. So not out of my pocket,
out of the lenders pocket. Okay, yes, love it. So
so yeah, we are probably about a month month and
a half. I'm probably pushing it with them, but we
(06:01):
we kind of have our contractors lined up, so you know,
we were doing that in the process of the due
diligence and getting funding, like calling contractors, hey are you available,
because sometimes there are a couple of weeks out right,
so you want to have that in alignment with when
you're gonna close so you can get to work, immedia because.
Speaker 2 (06:15):
They be picking up jobs and then like, oh, I
don't have any guys.
Speaker 1 (06:19):
Come in and work exactly. So that's kind of where
we are now. We have our contractors lined up to
come in. So yeah, I mean it's a real quick
clean out. It's just it's a bunch of stuff everywhere,
like it's yeah, very cosmetic. It's an it'll be easy.
Speaker 3 (06:35):
So yeah, So you sound like such a pro, but
you just started investing in met Sam in August.
Speaker 1 (06:42):
Yes, I did. It's all of their I mean the confidence,
like knowing exactly what to do in certain situations, getting
on those phone calls and saying hey, like it gives
you that extra reinforcement so you can have you know,
that that confidence, like you know, this is a piece
of cake.
Speaker 4 (06:58):
Like she's talking, she's she's an action taker, right, So
you're an action taker a right, and you implement the
stuff you learn. I mean, the sky is the limits
and that's exactly what she's she's doing right now.
Speaker 2 (07:09):
Is this your first joint venture you've done?
Speaker 1 (07:11):
It is And I don't like partnering with people at all. Ye,
that's already been to the rodeo And I'm like, because
I know you've had bad experiences in the past.
Speaker 2 (07:20):
You made that clear the first time came up here.
You were like, at first, I was a little wary,
but this has this has been working out. It has,
it has and because I trust them, I don't think
they're going to bring me anybody who ain't going to
be about the visual up to his door.
Speaker 1 (07:39):
So yeah, so that's definitely made a huge difference. Otherwise
I'd be like, nah, right.
Speaker 3 (07:45):
How are you all feeling within the club in terms
of having each other's back in the community and the
loyalty man.
Speaker 1 (07:51):
We love each other seriously, like we did. We went
to the Dominican and we had a blast getting to
know each other. Yeah, okay, yeah, absolutely, nice hotel. It was.
It was a phenomenal experience. That mastermind was really great.
We now get on calls and we're like, hey, what's
going on, how are you doing? How is this going? Like,
(08:11):
you know, we know what each other, you know what
they're working on, and hey, like I need some help
in this area, Like hey, have you used this lender before?
How do you get a draw from you know this
particular Like so we're community. We get on a call
and it's it's it's fun.
Speaker 2 (08:27):
That makes such a big difference because even thinking about
like me doing the building I have in Detroit, how
hard it was for us to get a lender for
that because I didn't have any experience doing a thirty
unit building. That wasn't easy. And so through the process
of like I got to referral eventually from my real
estate attorney, but it was literally like down to the
wire and I was asking any and everybody. We would
(08:49):
try it everywhere. It was not happening. So much easier
when you have a group of people that can be
or lenders themselves that are in the.
Speaker 1 (08:55):
Gras because I think sometimes we miscontrute hard money and
we're like, oh, no, I don't want that at all,
Like we don't understand what it is, and then we
just were, you know you hard money.
Speaker 4 (09:07):
Now people get scared because say, oh, they hear high
interest rates or they hear no points.
Speaker 1 (09:12):
And that's it sounds hard.
Speaker 4 (09:13):
Hard is the name of it's probably it's not inviting either, right,
But it's not hard. It's just hard because it's expensive money.
But if you get to do a deal that you
otherwise wouldn't do, I much rather pay the points and
get sixty seventy eighty percent of what the potential profit
that deal would be. They get one hundred percent of nothing.
If I don't get the deal funded and.
Speaker 1 (09:29):
It's supposed to be short term, not long term, you know.
Speaker 2 (09:32):
And I think just using the right hard money lenders
is what makes a big difference too. That's a big
deal somebody who wants you to win, who wants to
work with you, because some people can be predatory, and
it's good to know the difference.
Speaker 3 (09:44):
When you listen to all this in the context of
Black history months, like you had help figuring out the
right insurance, you had help figuring out all these fees
and stuff. Blacks get paid, I mean get charged just
you know, called the Black tax higher rates for insurance
JP Morgan Chase. As you're going into that your closing
found that on transactions we usually pay about two hundred
(10:06):
and sixty two hundred and sixty dollars more in closing
cost SAAM. As you think about the club, how important
is it to have this community to help us mitigate
some of those Absolutely.
Speaker 4 (10:18):
So Look, a lot of us come from backgrounds where
you know, maybe maybe some of our family then own homes, right,
So we don't think it's possible. The club is all
but showing what is possible, right, Because how you approach
things is how you do anything. And if you approach
things with the mindset I can do this, and that's
what the club does. That's what the community does. It
(10:38):
gives supports you and uplifts you and shows you, Look,
if Steina can do it, why can't Anthy?
Speaker 1 (10:43):
Right?
Speaker 4 (10:43):
Absolutely, and now Anthony's that much more likely to have success.
So the club shows you what's possible as opposed to
what's not possible. Right. And if you know, I heard
a quote back from the Dali and Alma back in
the day that if you think you can, if you
think you can't, you're right. And that's exactly what the
club does for you. It gives you that positive I
can do attitude, a group of people that support that
want to see you succeed. Right, and then eventually we'll
(11:05):
probably do deals with you together, right, big, exactly exactly.
So you know, I think that if you if you're
wondering about real estate investing, if you've ever thought that
had an interest in inclination, let me check it out.
Let me see you know.
Speaker 1 (11:19):
What it is.
Speaker 4 (11:20):
Join the club, right, get a full exposure to anything
everything real estate, from you know, whole selling real estate
contracts to save up cash to you know, buying a
rental portfolio to set up your future, you know, or
fix and flipping to you know, make some nice you know,
fat checks, or even building a new construction or doing
commercial deals. Right. We talk about it all in the club, uh,
(11:41):
you know, and we've got people that have done all
aspects of that business of each one of those you know,
types of real estate. So come in learn first hand
for people doing the business, and you'll see what's possible,
not what's not possible.
Speaker 3 (11:52):
Right, And you can check out the club for free tonight.
If you're doing a free masterclass tonight at seven pm
Eastern time, you can go to Wealth Wednesday's real Estate
Club dot com to check it out, or you can
text the word wealth two.
Speaker 2 (12:06):
Six eight nine two one five seven sixty six four.
That's six eight nine two one five seven sixty six fours.
Speaker 1 (12:12):
Text the word wealth.
Speaker 4 (12:13):
Yeah, text world Wealth and guys, you know, just next week,
we're gonna be doing a challenge for Black History Month
where it's a five day intensive, a full boot camp
in real estate investing. And you can actually leave that
challenge closing your first deal, because we're gonna look at
real live deals, use our calculers, analyze them together, and
only we gonna learn the strategies and we're gonna learn how,
We're gonna learn how to set up our entity. Right.
We're gonna introduce you to our lender that we've worked
(12:35):
with for years, right, that funds our deals, so you
can also use that same lender. And we're gonna analyze
real live deals together. And guess what, you can actually
use that lender you just met to close your first deal.
So we truly might we truly make it, you know,
a full immersion of real estate investing and you know,
and I think it's if there's no better place to
you know, get exposure to the real estate world.
Speaker 1 (12:56):
You'll going into a closing I know.
Speaker 2 (12:59):
Okay, I got this to Dina. Are you already plattin
on what's next?
Speaker 1 (13:02):
Absolutely? Absolutely, so I've already looked at some more deals.
I'm really looking into getting some commercial real estate in Detroit.
So yeah, so that's why I was asking, Yeah, yeah, yeah,
so we'll see new market for me.
Speaker 2 (13:16):
So yeah, it's a good one, trust me. And it's amazing.
I love Detroit as a city and I think you know,
one thing about a place like that is really good
to like, go and get involved and you'll love like
you'll just love that for yourself. You are.
Speaker 4 (13:32):
For me.
Speaker 1 (13:34):
Right there. You already have a property right there, So
it's exactly I mean, I had to fly into Detroit
to get to Toledo. I went through there and I
was like, I have to check this out for sure.
So yeah, I'm excited.
Speaker 3 (13:46):
One more week, Yes can see and Welthlydnesday's Real Estate
Club gets toa Dina and Anthony over the finish line.
Speaker 1 (13:53):
What are you doing this week to get.
Speaker 4 (13:57):
She's definitely going to do it. You're gonna be working
with the title company in the closing agent to review
the title, review the title insurance, make sure there's no
exceptions on the policy, to make sure she's insured on
that deed. We're going to be making sure we bind
that policy for insurance this week, and we're going to
be making sure the wire hits the title company in
(14:18):
time to close, so it's a smooth closing and we're
off to the finish line. Off to the races.
Speaker 1 (14:23):
Yes, Yes, tune in next week. I want to see
the process too, all of it.
Speaker 2 (14:31):
Keep We'll keep you posting, all right, Wealth Wednesday, checking
back in next week?
Speaker 3 (14:35):
All right, Wealth Wednesday's everybody, let's go y'all
Speaker 1 (14:41):
Way.
What's up?
Speaker 2 (00:03):
His way up with Angela. Yeah, I'm here at my
Wealth Wednesday partner Stacy Tisdall.
Speaker 3 (00:07):
Happy Wealth Wednesdays, everybody, and yeal Estate Wednesday.
Speaker 2 (00:12):
This is our Wealth Wednesdays Real Estate Club partner Sam.
Speaker 1 (00:15):
Abraham guest co hosts.
Speaker 3 (00:18):
Be here again and they are into week three now
of the challenge. Am at the beginning of the month
and Anthony your property by the end of the month.
Speaker 1 (00:28):
How's it going going good? We are closing this week,
so we're we're right on track. So excited about this week.
Speaker 2 (00:36):
Yes, yes, that's a big deal. It hasn't been working
with Anthony because I also know, you know, partnerships can
be smooth, that can be, but these are kind of
quick ins and outs.
Speaker 1 (00:52):
Also, Yeah, it's quick in and out. Anthony has been great.
Then you know we've communicated, Hey, Anthony.
Speaker 4 (00:59):
What's going on?
Speaker 1 (00:59):
Anthony? We've communicated very well. So I'm not I mean,
we could definitely do another deal together.
Speaker 2 (01:06):
I see this established and now you give him five stars. Yeah,
for anybody else that he might want to work with,
because those referrals and references are a big deal. You
want to know how what was it like to work
But it's passed around the club.
Speaker 4 (01:18):
So she's doing a JV. And I tell people before
you go and partner with someone officially joint venture, that's
a one time partnership on one deal. It does well,
then you can go make a formal partnership, set up
an LLC together, and you know go, you know, go
all in. But it's a great way to test the
waters and make sure everyone's doing their.
Speaker 3 (01:33):
Partner Yeah, Sam, for people just tuning in, get them
up to speed on the property and their partnership.
Speaker 4 (01:39):
Yeah. So Stadina and Anthony are buying a single family
home in Springfield, Ohio. They they founded through the club,
so it was one of the properties that we presented
to them. And and Anthony is brand new in the
in the game, brand new in real estate, and you
know he's he was able to access some funds and
his retirement compan he didn't know he can use, which
we talked about in.
Speaker 3 (01:59):
The last you four ol one K go check out
the clubs.
Speaker 4 (02:04):
Using those money to buy the property. Stadena is bringing
her expertise now that she's done now a deal and
she's bringing her credit and together they're going to do
a joint venture to buy this eight hundred square foot
two bedroom home in Springfild, Ohio. They're gonna do the
burd strategy where they're gonna buy it, renovate it, rented out,
and refinance it to keep the money properly long term
with very little money invested long term. And she's been
(02:25):
she's gone through the contract process, negotiation process gotten, the
appraisal was done, the financing is in order, and now
she's going through the checklist to get ready to close.
Speaker 3 (02:37):
What are some of the things you have to do
to prepare for closing?
Speaker 1 (02:41):
One? Funds, Make sure the funds are are there inaccessible.
What else do we need? Insurance, Like we talked about
last week, we want to make sure if something happens
while we're doing any work that the contractors are covered.
So insurance is very important. And then you know, we
signed just a bunch of paperwork.
Speaker 2 (03:01):
Yeah, that's and they do a lot of virtual closings
now to which since the pandemic, that's been really helpful
because sometimes you spend hours in the lawyer's office.
Speaker 1 (03:10):
You closed from your home, so don't be sending a
notary to the house to do everything. So yeah, makes
it painless, but it is a lot of paperwork.
Speaker 4 (03:18):
When we tell the people that you know why getting
the right type of insurance is important, right because a
lot of people think that we're you know, buy a property,
they get a homeowner's policy, a landlord policy. If you're
going to do renovations to a property, you need to
get a builder's risk hazard policy.
Speaker 2 (03:32):
Some insurance companies won't ensure you know, your property wild
until it's it's finished.
Speaker 4 (03:38):
That's why you need the right one. You can't call
one of the some of these retail state farm but
you can't call state farm call.
Speaker 2 (03:49):
She was like, I'm sorry, we can't do this.
Speaker 4 (03:54):
Need insurance companies that target people like US investors that
let that ensure properties be a older's risk hazard policy.
You're telling the insurance company from day one, the property
is going to be vacant, right So number one, that's
that's a red flag for some insurance companies. They won't
they won't ensure a vacant property. You're also talking you
can do new renovations to the property. Insurance companies will
charge your premium for that because liability is highed when
(04:16):
there's renovations going on. Someone can put a nail through
their finger or can do what happened to me in Columbus,
Ohio where I was doing the roof and I get
a text from the neighbor saying, hey, the roof will
just fall off your roof and I was like, oh wow.
I called the insurance company and said, hey, is my
insurance good? Like yeah. Then I called the contract I
(04:36):
said you're okay, don't worry, I'm covering good.
Speaker 2 (04:40):
Listen or even I had a neighbor that was constantly
complaining and saying this is wrong, that is wrong. This
caused X, Y, and Z to happen. But the contractor
had the insurance, and so it is important to have
that while you know it's working, because you don't want
to have to be coming out of pocket.
Speaker 3 (04:57):
Exactly exactly in the club, they actually helped you find
the right insurance.
Speaker 1 (05:03):
Yes, yes, so they do have resources for insurance. Different
states have different rules and regulations, so yeah, definitely a
great resource in the insurance departments, saying.
Speaker 3 (05:14):
We're getting everybody the best quotes.
Speaker 4 (05:15):
That's right, the best quotes, the right type of policy
to make sure they're covered all right, and so we
can get to the closing table and feel protected.
Speaker 2 (05:21):
Now, aside from all of that, the rehab process, So
talk to us about that, like how long do you
estimate because now you already have experience under your belt,
You've done properties in Saint Louis and Toledo prior to this,
So what do you estimate as far as how long
it's going to take to get the rehab done and
how much it's going to cost.
Speaker 1 (05:40):
So we have budgeted thirty thousand, I believe for the
for the rehab for this one. So get that money
from the lenders. Yep. So not out of my pocket,
out of the lenders pocket. Okay, yes, love it. So
so yeah, we are probably about a month month and
a half. I'm probably pushing it with them, but we
(06:01):
we kind of have our contractors lined up, so you know,
we were doing that in the process of the due
diligence and getting funding, like calling contractors, hey are you available,
because sometimes there are a couple of weeks out right,
so you want to have that in alignment with when
you're gonna close so you can get to work, immedia because.
Speaker 2 (06:15):
They be picking up jobs and then like, oh, I
don't have any guys.
Speaker 1 (06:19):
Come in and work exactly. So that's kind of where
we are now. We have our contractors lined up to
come in. So yeah, I mean it's a real quick
clean out. It's just it's a bunch of stuff everywhere,
like it's yeah, very cosmetic. It's an it'll be easy.
Speaker 3 (06:35):
So yeah, So you sound like such a pro, but
you just started investing in met Sam in August.
Speaker 1 (06:42):
Yes, I did. It's all of their I mean the confidence,
like knowing exactly what to do in certain situations, getting
on those phone calls and saying hey, like it gives
you that extra reinforcement so you can have you know,
that that confidence, like you know, this is a piece
of cake.
Speaker 4 (06:58):
Like she's talking, she's she's an action taker, right, So
you're an action taker a right, and you implement the
stuff you learn. I mean, the sky is the limits
and that's exactly what she's she's doing right now.
Speaker 2 (07:09):
Is this your first joint venture you've done?
Speaker 1 (07:11):
It is And I don't like partnering with people at all. Ye,
that's already been to the rodeo And I'm like, because
I know you've had bad experiences in the past.
Speaker 2 (07:20):
You made that clear the first time came up here.
You were like, at first, I was a little wary,
but this has this has been working out. It has,
it has and because I trust them, I don't think
they're going to bring me anybody who ain't going to
be about the visual up to his door.
Speaker 1 (07:39):
So yeah, so that's definitely made a huge difference. Otherwise
I'd be like, nah, right.
Speaker 3 (07:45):
How are you all feeling within the club in terms
of having each other's back in the community and the
loyalty man.
Speaker 1 (07:51):
We love each other seriously, like we did. We went
to the Dominican and we had a blast getting to
know each other. Yeah, okay, yeah, absolutely, nice hotel. It was.
It was a phenomenal experience. That mastermind was really great.
We now get on calls and we're like, hey, what's
going on, how are you doing? How is this going? Like,
(08:11):
you know, we know what each other, you know what
they're working on, and hey, like I need some help
in this area, Like hey, have you used this lender before?
How do you get a draw from you know this
particular Like so we're community. We get on a call
and it's it's it's fun.
Speaker 2 (08:27):
That makes such a big difference because even thinking about
like me doing the building I have in Detroit, how
hard it was for us to get a lender for
that because I didn't have any experience doing a thirty
unit building. That wasn't easy. And so through the process
of like I got to referral eventually from my real
estate attorney, but it was literally like down to the
wire and I was asking any and everybody. We would
(08:49):
try it everywhere. It was not happening. So much easier
when you have a group of people that can be
or lenders themselves that are in the.
Speaker 1 (08:55):
Gras because I think sometimes we miscontrute hard money and
we're like, oh, no, I don't want that at all,
Like we don't understand what it is, and then we
just were, you know you hard money.
Speaker 4 (09:07):
Now people get scared because say, oh, they hear high
interest rates or they hear no points.
Speaker 1 (09:12):
And that's it sounds hard.
Speaker 4 (09:13):
Hard is the name of it's probably it's not inviting either, right,
But it's not hard. It's just hard because it's expensive money.
But if you get to do a deal that you
otherwise wouldn't do, I much rather pay the points and
get sixty seventy eighty percent of what the potential profit
that deal would be. They get one hundred percent of nothing.
If I don't get the deal funded and.
Speaker 1 (09:29):
It's supposed to be short term, not long term, you know.
Speaker 2 (09:32):
And I think just using the right hard money lenders
is what makes a big difference too. That's a big
deal somebody who wants you to win, who wants to
work with you, because some people can be predatory, and
it's good to know the difference.
Speaker 3 (09:44):
When you listen to all this in the context of
Black history months, like you had help figuring out the
right insurance, you had help figuring out all these fees
and stuff. Blacks get paid, I mean get charged just
you know, called the Black tax higher rates for insurance
JP Morgan Chase. As you're going into that your closing
found that on transactions we usually pay about two hundred
(10:06):
and sixty two hundred and sixty dollars more in closing
cost SAAM. As you think about the club, how important
is it to have this community to help us mitigate
some of those Absolutely.
Speaker 4 (10:18):
So Look, a lot of us come from backgrounds where
you know, maybe maybe some of our family then own homes, right,
So we don't think it's possible. The club is all
but showing what is possible, right, Because how you approach
things is how you do anything. And if you approach
things with the mindset I can do this, and that's
what the club does. That's what the community does. It
(10:38):
gives supports you and uplifts you and shows you, Look,
if Steina can do it, why can't Anthy?
Speaker 1 (10:43):
Right?
Speaker 4 (10:43):
Absolutely, and now Anthony's that much more likely to have success.
So the club shows you what's possible as opposed to
what's not possible. Right. And if you know, I heard
a quote back from the Dali and Alma back in
the day that if you think you can, if you
think you can't, you're right. And that's exactly what the
club does for you. It gives you that positive I
can do attitude, a group of people that support that
want to see you succeed. Right, and then eventually we'll
(11:05):
probably do deals with you together, right, big, exactly exactly.
So you know, I think that if you if you're
wondering about real estate investing, if you've ever thought that
had an interest in inclination, let me check it out.
Let me see you know.
Speaker 1 (11:19):
What it is.
Speaker 4 (11:20):
Join the club, right, get a full exposure to anything
everything real estate, from you know, whole selling real estate
contracts to save up cash to you know, buying a
rental portfolio to set up your future, you know, or
fix and flipping to you know, make some nice you know,
fat checks, or even building a new construction or doing
commercial deals. Right. We talk about it all in the club, uh,
(11:41):
you know, and we've got people that have done all
aspects of that business of each one of those you know,
types of real estate. So come in learn first hand
for people doing the business, and you'll see what's possible,
not what's not possible.
Speaker 3 (11:52):
Right, And you can check out the club for free tonight.
If you're doing a free masterclass tonight at seven pm
Eastern time, you can go to Wealth Wednesday's real Estate
Club dot com to check it out, or you can
text the word wealth two.
Speaker 2 (12:06):
Six eight nine two one five seven sixty six four.
That's six eight nine two one five seven sixty six fours.
Speaker 1 (12:12):
Text the word wealth.
Speaker 4 (12:13):
Yeah, text world Wealth and guys, you know, just next week,
we're gonna be doing a challenge for Black History Month
where it's a five day intensive, a full boot camp
in real estate investing. And you can actually leave that
challenge closing your first deal, because we're gonna look at
real live deals, use our calculers, analyze them together, and
only we gonna learn the strategies and we're gonna learn how,
We're gonna learn how to set up our entity. Right.
We're gonna introduce you to our lender that we've worked
(12:35):
with for years, right, that funds our deals, so you
can also use that same lender. And we're gonna analyze
real live deals together. And guess what, you can actually
use that lender you just met to close your first deal.
So we truly might we truly make it, you know,
a full immersion of real estate investing and you know,
and I think it's if there's no better place to
you know, get exposure to the real estate world.
Speaker 1 (12:56):
You'll going into a closing I know.
Speaker 2 (12:59):
Okay, I got this to Dina. Are you already plattin
on what's next?
Speaker 1 (13:02):
Absolutely? Absolutely, so I've already looked at some more deals.
I'm really looking into getting some commercial real estate in Detroit.
So yeah, so that's why I was asking, Yeah, yeah, yeah,
so we'll see new market for me.
Speaker 2 (13:16):
So yeah, it's a good one, trust me. And it's amazing.
I love Detroit as a city and I think you know,
one thing about a place like that is really good
to like, go and get involved and you'll love like
you'll just love that for yourself. You are.
Speaker 4 (13:32):
For me.
Speaker 1 (13:34):
Right there. You already have a property right there, So
it's exactly I mean, I had to fly into Detroit
to get to Toledo. I went through there and I
was like, I have to check this out for sure.
So yeah, I'm excited.
Speaker 3 (13:46):
One more week, Yes can see and Welthlydnesday's Real Estate
Club gets toa Dina and Anthony over the finish line.
Speaker 1 (13:53):
What are you doing this week to get.
Speaker 4 (13:57):
She's definitely going to do it. You're gonna be working
with the title company in the closing agent to review
the title, review the title insurance, make sure there's no
exceptions on the policy, to make sure she's insured on
that deed. We're going to be making sure we bind
that policy for insurance this week, and we're going to
be making sure the wire hits the title company in
(14:18):
time to close, so it's a smooth closing and we're
off to the finish line. Off to the races.
Speaker 1 (14:23):
Yes, Yes, tune in next week. I want to see
the process too, all of it.
Speaker 2 (14:31):
Keep We'll keep you posting, all right, Wealth Wednesday, checking
back in next week?
Speaker 3 (14:35):
All right, Wealth Wednesday's everybody, let's go y'all
Speaker 1 (14:41):
Way.
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