December 7, 2024 • 32 mins
Unlock the secrets to financial freedom with Anton Leftwich and Michel Dupoux as they reveal how multifamily real estate investments can transform your financial landscape. Imagine the possibility of living mortgage-free by choosing a duplex, triplex, or quadplex as your first home. We dive into the powerful strategy of using rental income to offset mortgage costs while maintaining the benefits of a residential purchase, making it accessible and advantageous for first-time buyers.
Explore the emotional and spiritual journey of investing in multifamily properties. We examine how confronting fear with freedom can pave the way for wealth-building and self-improvement. Learn about the value of using property consultants instead of traditional management services, offering a cost-effective approach to property oversight. With practical advice and simple resources like YouTube and Google, we empower you to build your confidence and knowledge in real estate, encouraging you to make meaningful deposits into yourself and your community.
Lastly, stay on the edge of your seat for an exciting announcement that's sure to captivate and inspire our audience. While we're holding back the details for now, we promise it will be worth the anticipation. We invite you to follow us on your favorite podcast platforms and social media outlets as we continue to guide you on your path to financial freedom. Stay committed to your wealth-building journey and remember, the bank looks forward to seeing you. Peace and take care!
Learn more about the FBN initiative and get access to all social media platforms at https://linktr.ee/fbnlinks
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
First and foremost, we want to be clear that what we
are sharing with you arestrategies and concepts that can
be implemented by individualswho understand the logistics of
how to approach such platformsas far as the literal, the
(00:27):
mental and spiritual formatneeded to be successful with
your aspirations what's up world?
Speaker 2 (00:58):
you're tuning in to fbn and this is another episode
of Finance Bros Network.
I am the one half of finance,anton Leftwich, and this is
Michael.
Speaker 3 (01:07):
DePoe the other half.
Speaker 2 (01:11):
The other half.
Speaker 3 (01:12):
And we are coming to you live with finance for
everyday people.
We are honored to be here andto be able to serve diverse
communities.
Speaker 2 (01:24):
As usual, as usual.
Speaker 3 (01:26):
As usual.
Speaker 2 (01:28):
Yes indeed, yes indeed.
Hey, happy holidays everybody.
Hope you had a nice turkey day,thanksgiving holiday weekend
and all that good stuff.
You already know we took a weekoff.
Hope you enjoyed your time offwith your family.
But of course we're back at itwith another message for you
guys, and you know me and Mikewere just talking.
We do have.
You know we like keep somethingin the chamber, mike.
We do have a big announcementfor the first of the year.
(01:51):
You know we got to keepsomething locked for you guys.
I'm not going to make theannouncement right now, but just
make sure you stay tuned.
You know, keep your, keep yourpoked on us and everything, and
we're going to make sure webring it hot for you guys come
the first of the year.
We're really, really, oh justvery, very excited about it.
Speaker 3 (02:08):
Oh, we got to bring it to them, man, yeah, and we
keep doing it Like as much asfiles we have, whether it's in
the United States, around theworld.
I know sometimes we look atsome of our analytics and then
we see that some people arelistening all over the world.
Speaker 2 (02:24):
So man, 25 countries.
Speaker 3 (02:26):
Last time I said hey, we, we are very, very thankful.
Uh, we just just get some otherpeople to to partnership, in to
to come in and hear our message, because we are out there for
our wealthy ends.
We want to make sure whateverwe're doing, however, however
we're doing, it is for ourwealthy and we have passion in
(02:46):
what we're doing.
We believe in what we're doingand we're going to grow and
we're going to touch more people.
I promise you Absolutely brotherI promise you, as we grow,
we're going to touch more peopleBecause, between Anton and I,
this is what we want, this iswhat we're passionate about, and
we're going to make that happen, brother.
Speaker 2 (03:07):
Absolutely brother, I love it man.
And, like I said, we're notgoing to go really into it.
We're going to keep it for asurprise.
But one aspect has a littlesomething to do with going on
the road.
That's all I'm going to say.
Speaker 3 (03:19):
I'm not going to say nothing else Keep it on the down
low Right, nothing else.
Speaker 2 (03:27):
Keep it on the down low right right, I know where
you was going, man.
All right, so look, hey, again,welcome everybody.
You know, today we're gonna bediving into something special
and I want you guys to keep yourminds open.
Okay, keep up, keep a veryelevated mindset to this,
because we're going to give youstrategies about how to approach
this type of thinking and thepossibilities that it can bring.
(03:49):
Okay, so we're going to bediving into a game changing
topic.
All right, we're going to callthis financial freedom over
financial shackles.
All right, or financial freedomversus financial shackles.
Speaker 1 (04:02):
You can call it either way you want.
Speaker 2 (04:04):
All right.
Now we're bringing this topicwith the aspect of one's first
asset, which is their home, mostof the time.
All right, this is just not forour UPIs, but for everybody.
For the most part, everybody'sfirst asset is their home, all
right.
So again, for most wealthians,their first asset will be a home
(04:24):
, and so we want to get into it.
And why buying a multifamilyproperty as your first home
instead of a single family home?
Because clearly the differencefinancially is astronomical,
astronomical, ok.
And again, we want to start offby saying keep your mind open,
because when we say multifamilyhome, it doesn't have to be a
(04:46):
whole apartment complex.
Ok if you want to go that high,go that high, but it could be as
simple as a duplex, right, allright, instead of buying a one
single family home, you buy aduplex.
You live in one side, you rentout the other.
Ok, so we want to give you somesome tactics for that.
All right, right.
So what's your thoughts on that, mike Well?
Speaker 3 (05:07):
just like you were saying.
People think multifamily homesoh, okay, that's too much
trouble, Da-da-da-da-da, this,that and the third.
But think about it Amultifamily could be a duplex, a
triplex or a quadplex.
Oh yeah, A quadplex Up totriplex or quadplex, oh yeah,
Quadplex up to four units.
So just think about that.
Three units are paying you rentand you're pretty much living
(05:34):
for free in some scenarios andoccasions, depending on how much
you put down.
And, matter of fact, believe itor not, the industry in the
United States I don't know aboutthe rest of the world, but in
the industry in the UnitedStates, I don't know about the
rest of the world, but in theindustry in the United States,
up to four units is stillconsidered a residential
purchase, not a commercialpurchase.
(05:56):
I don't know if a lot of peopleknow that, Mike See.
So there you go.
So just think about that, howyour first asset that you're
purchasing.
A lot of people you know it's anemotional decision to buy that
first asset because you know I'mthinking about buying a home
and then all you go see is asingle family.
But as a wealthy and as a UPI,it's like, okay, now I'm
(06:21):
sacrificing everything to makesure I pay that single family
home, but why not get somethingthat gives you long-term
financial benefits and it'sworth it.
It helps you build equity andit creates wealth and it secures
financial stability.
(06:41):
Starting with one powerfuldecision that, instead of me
buying this single family home,that I'm just gonna be pouring
everything that I have into it,and then, yeah, it's gonna build
equity, but how about doing itin a way where you're building
wealth with it?
So, instead of that one, buytwo.
Speaker 1 (07:05):
Buy two.
Speaker 3 (07:07):
Or if it's the opportunity to present itself.
Remember, residential is stillconsidered one to four units.
Speaker 2 (07:14):
Yeah, that's true, it's still considered a
residential purchase.
And you know, mike, that goesback to the financial freedom
versus financial shackles.
Because when we do buy thatfirst family home, that is a
liability, right?
So why not offset thatliability by you already
sacrificing right to get in yourfirst home anyway, right, right
(07:35):
, all right.
So why not sacrifice a littlebit further?
Just go a little bit further.
It's the, it's the power of onemore.
Uh, m ilet has this really goodbook out.
It's called the power of onemore.
You know I'm saying if you'rein sales, make one more.
Milet has this really good bookout, it's called the Power of
One More.
You know what I'm saying.
If you're in sales, make onemore phone call.
You know what I mean.
If you're an employee workingat a job, work one more extra
hour with unexpectedexpectations.
(07:56):
In other words, I know I getoff at six, but there's more
work to do, let me go ahead andget the work done.
Work till seven, that's onemore hour.
One more phone call, one moreinch of effort to have long-term
benefit, long-termpossibilities, all right.
So when we think about this, allright, that rental income that
(08:17):
you're going to be getting fromthat multifamily, whether it's a
duplex, triplex, quadplex,whatever you know you decide to
push yourself to go and get Allright.
When you own a multifamilyproperty, you can rent out the
other units while living in oneyourself, like Mike just alluded
to, or like Mike justemphasized on Right.
All right, the rental incomecan offset your mortgage
(08:38):
payments All right, reducingyour living expenses
significantly.
All right.
Now, if you're going to be inthis position and you're living
in one side and running out theother, you know there in Mike I
know you're going to get intothis there's going to be some
responsibilities involved withthat.
With provision, with abundance,comes responsibility.
(09:01):
So this is the mindset we'reharping on right now about how
to think about these things,these so-called inconveniences
that you might be thinking of inyour head right now, that we
might be thinking of before weeven tried it.
Speaker 3 (09:18):
What about this?
Speaker 2 (09:19):
What about that, what about this, what about that?
I can think of all kinds ofwhat ifs and what about that if
I just own a home, right, youknow?
Speaker 3 (09:27):
what I mean.
Any home, yeah, single multi,there's always what ifs?
Speaker 2 (09:30):
What if I didn't buy the right home?
What if I'm not near school formy kids?
What if the inspection didn'tgo right?
And what if this and what ifthat?
I mean there's.
So we got to make these whatifs and what about?
That's work for us All right,To our advantage, because, no
matter what we do, we're goingto deal with some type of
adversity.
But at the end of the day, theovercoming of this adversity,
(09:54):
what is it gaining for us?
Is it a small win?
A big win?
What is it?
What does it equal to?
Because everything added up tosomething equals something.
That's right.
Speaker 3 (10:03):
All right, and that goes into the spectrum of.
You know, don't forget theequity that you're building.
When you have a four unit, theequity grows even more than a
single family, right?
The equity grows every year.
And not to mention the taxbenefits.
If you're owning a rentalproperty, it comes with tax
perks.
You can write off expensivemaintenance, property management
(10:27):
fee, even a portion of themortgage interest, which can
save you a lot of tax dollarswhen you go to file taxes.
So you got to think of all thebenefits that you're just making
that decision to your point,Anton.
Okay, I'm going to buy a singlefamily and then I'm still going
(10:47):
to have issues, still going tohave stuff to do, but everything
is coming up.
There's nothing to offset it.
But would you have thatmultifamily?
Because you're just startingout as a wealthy and the UPI is
only allowing you a certainamount of money for you to make,
because this falls back in whatyou could actually make to
(11:11):
afford, what you could actuallycould afford, If you put all
your eggs in one basket, aka onefamily, single family, there's
nothing coming back.
But if you put it in amultifamily, then you at least
have something to leverage.
And then guess what it's?
Creating wealth, too Is a way,because now, if you got people
(11:36):
paying you rent, you're able tosave money.
Right, yeah, that's true.
You're able to put the moneysomewhere else or be able to
grow what you're doing.
Only because of that slightsacrifice of inconvenience,
you've done with your firstasset.
Speaker 2 (11:52):
Right, right, and you know I want to piggyback off
that, mike, because you knowmentality for our UPI
individuals or families, as faras the mentality is concerned,
the idea of buying a multifamilyhome more than likely feels
overwhelming, always All rightor even out of reach, and that's
when you need a mindset shift.
All right, and again we talkedabout this for this episode
(12:16):
financial freedom versusfinancial shackles, Right.
Or financial liabilities, right.
This.
So this idea of going out andmaking decisions to do things a
little bit better, and this isin our everyday lives.
Okay, all right, you alreadyknow you're going to have to
(12:36):
work a little bit more hours,probably If you got overtime at
your job.
Work a little bit more hours,save up a little more money,
save up a little bit longer toeven get a house in general,
right?
So now you're talking aboutgetting a multifamily home,
going a little bit further thanwe would have imagined ourselves
going before.
This is the mindset that wetalk about in all these other
episodes.
Again, everything that we'retalking about is leading up to
(12:59):
the thing.
All right, go back and listento the other episodes about
mindset.
Again, we want to providefundamentals, talk about some
very basic fundamentals and thenencourage curiosity and
hopefully you guys go out there,we all go out there and take
action, all right, and thisthird season we were focusing on
(13:21):
it's not like we haven't spokenabout, you know, purchasing
stuff.
Speaker 3 (13:24):
Oh yeah, this is all in the files, right right, so
we've given you pretty much theliteral and the breakdown and
everything, but this seasonwe're focusing on a mental and
emotional or spiritual way oflooking at things.
Yeah, yeah, and that's why thisis such an important topic,
because it's an emotion.
Again, it's an emotionaldecision that you're going to
(13:47):
buy either a single family, or amultifamily.
Speaker 2 (13:51):
Yeah, yeah, oh, go ahead, go, no, go ahead.
Speaker 3 (13:54):
And, like I spoke about and think about this,
anton, it's like freedom overfear.
The idea of managing tenantsmight seem deterrent, or, but
you know, there's resources andtools like property management
services and propertyconsultants.
Guess what?
There's property consultantsout there, that people who,
(14:17):
maybe somebody who has aproperty that could give you
advice.
You don't have to pay aproperty manager, because a
property manager might chargeyou $100 to $200 a door a month.
That takes out of your bottomline.
And hey, if you're in a spotwhere you're able to rent it and
get that money, by all means dothat.
But maybe you get a consultantthat you say, hey, this person
(14:40):
is doing this.
And there's not a lot ofconsultants.
It's going to be kind of hardto find.
But there are people out therewho would be willing to say, hey
, hey, tom, hey, hey, johnny,don't do this, don't do that,
don't do it this way, sort oflike a mentoring you through the
process.
And what does that cost you?
Maybe 30 bucks, 40 bucks,because, hey, you're trying to
(15:02):
save money, you're trying tobuild wealth, yeah, so if this
is an alternative to a propertymanager, which is hand off and
guess what, there's still goingto be some issue with the
property manager.
Why not?
Why not save some money with aconsultant?
Yeah, that can help you guideyou.
You have an issue.
You pick up maybe it's amonthly charge of 40, 50 bucks a
(15:24):
month, yeah.
And then you pick up the phoneand say, hey, I got this issue
with this tenant.
Okay, 50 bucks a month, yeah.
And then you pick up the phoneand say, hey, I got this issue
with this tenant.
Okay, just do this, did it?
Oh, yeah, don't do this, don'tdo this, don't do that.
That's a lot less expensivethan a property manager who's
(15:45):
going to probably have to go outand serve papers and do
whatever they're going to do andstill have to come back and say
, hey, owner, this is what wehave to do, da-da-da-da-da-da-da
.
And then you're like man, Icould have done that myself.
All somebody had to do was tellus.
So just think about that.
A property consultant can helpyou and all these things.
(16:05):
That's what makes it easier foryou to, because there are
resources and there are thingsout there to kind of help you
absorb all of these intimidatingthings that you're going to
tackle.
But the rewards, the long-termbenefits, of having that
multifamily property is hugecompared to that single family
(16:28):
home that you would have goneout and purchase.
Speaker 2 (16:30):
Love it, brother, Love it.
And you know, with that, Mike,you know multifamily as your
first asset.
I'm feeling that it seems to besomething about building
something bigger than ourselves,right, Living by that wealthy
and creed.
Speaker 1 (16:46):
Again, I'm going to give you the definition Hit him,
hit him.
Speaker 2 (16:48):
Definition of a wealthy and we've said it many
times before, we're going tokeep driving it home A person
capable of obtaining anabundance of valuable
possessions or money.
The capable is the.
Everything about this state,about this definition, bro,
because we are all capable.
Yes, are we willing?
Maybe there's a sliding scale,but we're all capable, we're all
(17:09):
capable.
Yes, are we willing?
Maybe there's a sliding scale,but we're all capable, we're all
capable.
You know what I'm saying andyou know what I want to say.
This, probably the number let'stalk about foundation, real
quick Foundation, probably thebest way to get confidence,
because there's some confidenceinvolved.
Right, we have to go forwardwith confidence.
Right, best way to gain thisconfidence and look, these are
(17:30):
all, look, this thing is so manylevels of my life is just
simple, bro, it's not, it's nothard, right, we complicate it
all day, every day but theactual process is simple.
Yes, want some confidence inthis area or any other area,
probably the basic thing wecould do them.
The barrier of the leap, thelowest barrier of entry, is read
(17:54):
there you go, read, that's it.
Speaker 3 (17:58):
Any search, and if you're a visual learner, look, I
am NOT promoting YouTube, butdamn it, youtube has.
Speaker 2 (18:07):
Hey man, it's all out there.
It youtube has taught me.
Hey man, it's all out there.
It's not like before.
You ain't gotta go to thelibrary and check out a book.
No more, mike, it's right thereon youtube, it's right there on
google.
There's so many people thathave gone out there and done it
and are willing to share theinformation.
Check your sources, make surethey're credible.
Obviously, obviously, obviously.
But go out there and readresearch Google, find articles,
(18:31):
find videos and these things.
What I'm saying, mike, is thatwhat we're saying to y'all
wealthies is that these littlethings, these are all deposits.
Of course, there goes the Dword.
These are all deposits,deposits, deposits.
And making deposits into people, other people, making deposits
into relationships, makingdeposits into business ventures,
(18:51):
is never more important thanmaking those deposits in
ourselves.
Speaker 3 (18:56):
That's right.
Speaker 2 (18:57):
All right, no, that sounds cliche but it is what it
is.
I didn't write the book, I'mjust reciting it okay, there you
go, all right.
Make deposits in ourselves first, all right.
Yep, that confidence man.
Make deposits in ourselvesfirst, all right.
That confidence, confidencecomes from that.
That's right.
Because guess what, when you goto the gym and you do some sets
and you work out a little bitand you go run a mile, do you
feel better afterwards?
(19:18):
Of course, obviously.
Of course, all right, it's thereputations and it's all
repetition.
Read a little bit Research alittle bit.
Feel a little bit better aboutwhat you're going into now,
because you understand more allthis builds confidence.
Speaker 3 (19:35):
Anton.
This is my heart, man.
When you go back to wealthy andwhat is a wealthy?
And then the description of aperson capable of obtaining an
abundance of value possession ofmoney, valuables of possessions
or money, remember that it'spossessions or money and we talk
(19:57):
about being shackled to asingle-family home because it's
an emotional decision.
It's an emotional buy becauseif you're going in and buying a
single-family home as your firstasset as a wealthy, you're
going in and buying a singlefamily home as your first asset
as a wealthy.
You're not there yet, right?
Your underprivileged incomereally doesn't justify you going
(20:18):
in to get a single family home.
You know you, you want to, youwant to have something where you
can get value that you can helpyou know, help you own
properties that guarantees otherassets, that can build legacies
.
That's what you want.
(20:55):
And after all that, to let theassets pay for the single family
home that you want.
How about that?
How about you built all thoseassets and now you living in a
single family home for free?
Speaker 2 (21:11):
What about that For free?
How about that?
Speaker 3 (21:15):
Think about it.
Speaker 2 (21:16):
It's a little bit of sacrifice, swelfields, it's
freedom over what?
Freedom over fear, bro.
Freedom over what Freedom overfear, bro.
Speaker 3 (21:21):
Freedom over what Freedom over fear, bro man I
like that Yo yo, we got to dosomething with that.
Yo, something's going to bedone with that.
Speaker 2 (21:28):
Freedom over fear.
We might have a little surprisefor them.
We got to do something withthat.
Speaker 3 (21:34):
Wealthians.
It's coming out soonSomething's about to happen.
We told you we keep somethingin the chamber All day, every
day.
But seriously, out therewealthians think about that.
I know that single family mightlook okay.
I don't like hearing the noise,I don't like that.
But if you're an individualwith the UPI, I mean I want to
(21:58):
go back to UPI, the status andeverything and go back and check
that UPI episode I think it'son the vodcast, it's on the
vodcast.
Yeah, it's on HHN TV weactually have a graph and what
dictates.
And this is based on thegovernment, what you know?
We don't say that word.
Lowell Ingham.
Speaker 2 (22:18):
Yeah yeah, yeah.
But it's what we say, what themfolks be saying, right, right
we say underprivileged income.
Speaker 3 (22:26):
Go back to our episode we call it the UPI
episode on HHN TV.
Look at the chart where youfall into.
If you have a multifamily,imagine what you put into the
home.
Right, you put in, let's say,the deposit you've been saving
(22:47):
up or whatever to get that home.
You're paying 5%.
Now the rate is at 5%.
Let's say it's a four-familyhome.
The rent in the four-familyhome covers the mortgage and
then some what do?
you pay Nothing Right Now,you're just managing the process
.
It's like a moonlighting job.
(23:08):
You get to go to your job andthen you might have to manage.
Okay, repairs here.
This needs to happen, thatneeds to happen.
But five years down, the lineequity went up there you go.
Now we're talking, Now you'reable to leverage.
Line equity went up there yougo.
Speaker 2 (23:21):
And now?
Now we're talking.
Speaker 3 (23:22):
Now you're able to leverage.
Rent is going up, this is goingup.
It's like whoa, wait a minute.
Now, this money that was justpaid for the mortgage, it's
starting to pay for a little bitmore.
And then you say all right, letme take this house, move into
another house, or let me takethe equity out of this house,
let me open up a business, letme leverage this equity Because,
(23:47):
all right, the home may maybebring you 5%, 10%, 20% more
money.
But what if you take the equityout of the house and you open
up a business that you're readyto rock and roll in?
How about?
Speaker 1 (24:00):
that.
Speaker 3 (24:00):
How do you feel Now you're getting rid of the man
because you made that decision.
You chose financial freedomover financial shackles.
Right, right yeah yeah, that'strue With the one family.
So, that being said, you know,think about that, ladies and
gentlemen.
We want that for you.
We want you to pick financialfreedom over financial shackles.
(24:24):
Don't get caught up in thesingle family.
You're going to be able.
If you do it right, you mighteven be able to build your own
house one day, because you weresmart enough to leverage the
process.
Remember, one to four familiesare still considered residential
, and when that falls into theresidential income or
(24:46):
residential type of property, itallows you to make the purchase
.
Same thing as a single family,same thing as a four unit family
, is still consideredresidential.
So's so hey, why not?
Speaker 2 (25:02):
that's right man, why not?
Hey brother, I love it.
With that.
I think we can get into thebreakdown there you go, all
right let's hit them with theliteral.
Speaker 3 (25:09):
the literal uh, fast, faster equity growth.
With multi-units, you you'remore than likely purchasing a
property with higher value.
As you pay down your mortgage,your property value increase,
your equity grows faster.
That's the literal.
(25:31):
It's simple, it's notcomplicated.
Again, we complicated, wecomplicated.
You got four units.
Guess what you bought?
A one unit or a single family.
The equity is going to grow,but I tell you, on the four unit
, it's going to grow a lotfaster.
Speaker 2 (25:48):
Telling you brother, speak about it, man.
Sometimes God quit thinking somuch.
Yeah, exactly.
Sometimes, exactly yeah.
Speaker 3 (25:54):
And then, on the mental, be open to sacrifice.
We spoke about this.
This is mentally.
I get it.
Ladies and gentlemen, oh, yougot that neighbor upstairs.
Oh, you got to deal withtenants we gave you.
These are short term, these areshort term problems.
Because you have a long termgoal, yeah, and if you did it
right, there's a lot of peoplethat tell you how to pick
(26:14):
renters, how to get renters.
You got some consultants onyour side.
Speaker 2 (26:18):
There's websites for that.
Speaker 3 (26:20):
There's so many levels.
Speaker 2 (26:21):
So many tools bro.
Speaker 3 (26:22):
Tools to help you build this wealth.
So be open to sacrifice.
Living in a smaller unit withinyour own property or taking on
a landlord responsibility mightrequire some sacrifices.
Speaker 2 (26:44):
But these short-term inconvenience lead to long-term
stability.
Stable, stability, hey man.
With that being said, I got tosay if you're dealing with that
noise or that, whatever that'son you, man.
Speaker 1 (26:51):
That's on us.
Speaker 2 (26:53):
That's true, because there's too many tools, bro.
Yeah, as always, there's toomany vetting processes.
There's things in place, bro.
I on man.
Speaker 3 (27:00):
Let's be real.
Yeah, I can tell you straightoff the bat on a lease there's a
line on the lease it saysnuisance, because sometimes
that's the first thing oh, Iwant a deal, but nobody knows.
It's on the lease.
Speaker 1 (27:20):
If you're a nuisance you can kick that person out I
love it.
Speaker 3 (27:24):
I love it you can kick that person out, but go
ahead, hit him with thespiritual brother.
Speaker 2 (27:28):
All right, sense of accomplishment.
You know we got to go to theheart.
All right, taking the leap intofine, excuse me, taking the
leap into multi-family ownershipbrings a deep sense of pride
and fulfillment.
Imagine the feeling that you'renot just surviving, you're
thriving and creating afoundation for others to do the
(27:52):
same.
Wow, I felt that you knowthat's spirit.
I got a few extra bumps on myarm right here, bro.
I feel that, yeah, that's real.
Speaker 3 (27:59):
Well, fans, I don't know, I don't know, I feel that
that's real man If that's not areason to do a little bit of
sacrifice to grow for somethingbetter later on?
I don't know what is there yougo.
So that's real talk, bro.
Yeah, I really that hit it home.
Speaker 1 (28:21):
That was a home run on that one.
Appreciate it brother.
Speaker 3 (28:23):
All right, let's hit him with the T-shirt.
Hey, hit him with it.
You guys are going to like thisone.
You're going to like thisT-shirt.
Why buy a house that only paysyou in memories when you can buy
(28:43):
one that pays you?
Speaker 2 (28:45):
in rent.
Oh like, bro, these t-shirtsare getting.
Speaker 3 (28:48):
That's really, really deep look, you know what, where
I would offer that t-shirtright every time, in every
single real estate offer.
I say every time somebody closea multifamily, give them that
T-shirt Right.
Speaker 2 (29:02):
right, that's cool right, I know, wear it proud.
Memories are great.
Yep, rent is better.
I like that A lot better andit's relative, right.
Of course Some people mayprefer memories, some people may
prefer rent.
I got to say, with that extra,extra rent, I can create some
extra memories for sure for myfamily and my people.
(29:23):
So I did just.
That's a personal, personalnote for me.
But uh, hey, man, I love thet-shirt you got.
Hey, this is, this is a greatepisode, mike, I love this right
.
This is good information man allday.
You know what I mean.
So hey look, we gonna come atyou next week with another hot
episode again.
We, we're going to keep itsurprise, we're going to come at
you real tough.
We're going to keep it.
We're going to definitely keepit valid, keep it relevant, keep
(29:47):
it in the heart.
You guys already know it's theholidays.
We want you guys to be enjoyingtimes with your families.
But definitely take your time totune in to Finance Bros Network
.
We're going to keep bringingthat heat.
Be on the lookout for thoseannouncements.
They are coming soon.
It's so hard for me to keepthis in, mike.
Speaker 3 (30:05):
I really want to tell them Keep it in, bro.
I know the anticipation's gotto be there, bro.
Speaker 1 (30:10):
I really want to say something.
Speaker 2 (30:11):
Let them tell their fans and their families Say yo
listen to these guys.
Speaker 3 (30:15):
They're about to.
You know, shiznit, Come on now.
Speaker 2 (30:20):
Yeah, most definitely so.
So we gonna come, we gonnabring it to you, we gonna keep
bringing it to you, we gonnabring you that surprise real,
real soon.
And don't forget to check usout on all your social media
podcast platforms Apple Podcasts, iHeartRadio, Spotify,
obviously at our home on the HHNTV.
And as usual, Mike, Iappreciate TV and as usual, Mike
(30:41):
, I appreciate you and youalready know we'll see you at
the bank.
Peace y'all, Take care world.
Speaker 1 (31:16):
Thank you, thank you.
Thank you for watching.
First and foremost, we want to be clear that what we
are sharing with you arestrategies and concepts that can
be implemented by individualswho understand the logistics of
how to approach such platformsas far as the literal, the
(00:27):
mental and spiritual formatneeded to be successful with
your aspirations what's up world?
Speaker 2 (00:58):
you're tuning in to fbn and this is another episode
of Finance Bros Network.
I am the one half of finance,anton Leftwich, and this is
Michael.
Speaker 3 (01:07):
DePoe the other half.
Speaker 2 (01:11):
The other half.
Speaker 3 (01:12):
And we are coming to you live with finance for
everyday people.
We are honored to be here andto be able to serve diverse
communities.
Speaker 2 (01:24):
As usual, as usual.
Speaker 3 (01:26):
As usual.
Speaker 2 (01:28):
Yes indeed, yes indeed.
Hey, happy holidays everybody.
Hope you had a nice turkey day,thanksgiving holiday weekend
and all that good stuff.
You already know we took a weekoff.
Hope you enjoyed your time offwith your family.
But of course we're back at itwith another message for you
guys, and you know me and Mikewere just talking.
We do have.
You know we like keep somethingin the chamber, mike.
We do have a big announcementfor the first of the year.
(01:51):
You know we got to keepsomething locked for you guys.
I'm not going to make theannouncement right now, but just
make sure you stay tuned.
You know, keep your, keep yourpoked on us and everything, and
we're going to make sure webring it hot for you guys come
the first of the year.
We're really, really, oh justvery, very excited about it.
Speaker 3 (02:08):
Oh, we got to bring it to them, man, yeah, and we
keep doing it Like as much asfiles we have, whether it's in
the United States, around theworld.
I know sometimes we look atsome of our analytics and then
we see that some people arelistening all over the world.
Speaker 2 (02:24):
So man, 25 countries.
Speaker 3 (02:26):
Last time I said hey, we, we are very, very thankful.
Uh, we just just get some otherpeople to to partnership, in to
to come in and hear our message, because we are out there for
our wealthy ends.
We want to make sure whateverwe're doing, however, however
we're doing, it is for ourwealthy and we have passion in
(02:46):
what we're doing.
We believe in what we're doingand we're going to grow and
we're going to touch more people.
I promise you Absolutely brotherI promise you, as we grow,
we're going to touch more peopleBecause, between Anton and I,
this is what we want, this iswhat we're passionate about, and
we're going to make that happen, brother.
Speaker 2 (03:07):
Absolutely brother, I love it man.
And, like I said, we're notgoing to go really into it.
We're going to keep it for asurprise.
But one aspect has a littlesomething to do with going on
the road.
That's all I'm going to say.
Speaker 3 (03:19):
I'm not going to say nothing else Keep it on the down
low Right, nothing else.
Speaker 2 (03:27):
Keep it on the down low right right, I know where
you was going, man.
All right, so look, hey, again,welcome everybody.
You know, today we're gonna bediving into something special
and I want you guys to keep yourminds open.
Okay, keep up, keep a veryelevated mindset to this,
because we're going to give youstrategies about how to approach
this type of thinking and thepossibilities that it can bring.
(03:49):
Okay, so we're going to bediving into a game changing
topic.
All right, we're going to callthis financial freedom over
financial shackles.
All right, or financial freedomversus financial shackles.
Speaker 1 (04:02):
You can call it either way you want.
Speaker 2 (04:04):
All right.
Now we're bringing this topicwith the aspect of one's first
asset, which is their home, mostof the time.
All right, this is just not forour UPIs, but for everybody.
For the most part, everybody'sfirst asset is their home, all
right.
So again, for most wealthians,their first asset will be a home
(04:24):
, and so we want to get into it.
And why buying a multifamilyproperty as your first home
instead of a single family home?
Because clearly the differencefinancially is astronomical,
astronomical, ok.
And again, we want to start offby saying keep your mind open,
because when we say multifamilyhome, it doesn't have to be a
(04:46):
whole apartment complex.
Ok if you want to go that high,go that high, but it could be as
simple as a duplex, right, allright, instead of buying a one
single family home, you buy aduplex.
You live in one side, you rentout the other.
Ok, so we want to give you somesome tactics for that.
All right, right.
So what's your thoughts on that, mike Well?
Speaker 3 (05:07):
just like you were saying.
People think multifamily homesoh, okay, that's too much
trouble, Da-da-da-da-da, this,that and the third.
But think about it Amultifamily could be a duplex, a
triplex or a quadplex.
Oh yeah, A quadplex Up totriplex or quadplex, oh yeah,
Quadplex up to four units.
So just think about that.
Three units are paying you rentand you're pretty much living
(05:34):
for free in some scenarios andoccasions, depending on how much
you put down.
And, matter of fact, believe itor not, the industry in the
United States I don't know aboutthe rest of the world, but in
the industry in the UnitedStates, I don't know about the
rest of the world, but in theindustry in the United States,
up to four units is stillconsidered a residential
purchase, not a commercialpurchase.
(05:56):
I don't know if a lot of peopleknow that, Mike See.
So there you go.
So just think about that, howyour first asset that you're
purchasing.
A lot of people you know it's anemotional decision to buy that
first asset because you know I'mthinking about buying a home
and then all you go see is asingle family.
But as a wealthy and as a UPI,it's like, okay, now I'm
(06:21):
sacrificing everything to makesure I pay that single family
home, but why not get somethingthat gives you long-term
financial benefits and it'sworth it.
It helps you build equity andit creates wealth and it secures
financial stability.
(06:41):
Starting with one powerfuldecision that, instead of me
buying this single family home,that I'm just gonna be pouring
everything that I have into it,and then, yeah, it's gonna build
equity, but how about doing itin a way where you're building
wealth with it?
So, instead of that one, buytwo.
Speaker 1 (07:05):
Buy two.
Speaker 3 (07:07):
Or if it's the opportunity to present itself.
Remember, residential is stillconsidered one to four units.
Speaker 2 (07:14):
Yeah, that's true, it's still considered a
residential purchase.
And you know, mike, that goesback to the financial freedom
versus financial shackles.
Because when we do buy thatfirst family home, that is a
liability, right?
So why not offset thatliability by you already
sacrificing right to get in yourfirst home anyway, right, right
(07:35):
, all right.
So why not sacrifice a littlebit further?
Just go a little bit further.
It's the, it's the power of onemore.
Uh, m ilet has this really goodbook out.
It's called the power of onemore.
You know I'm saying if you'rein sales, make one more.
Milet has this really good bookout, it's called the Power of
One More.
You know what I'm saying.
If you're in sales, make onemore phone call.
You know what I mean.
If you're an employee workingat a job, work one more extra
hour with unexpectedexpectations.
(07:56):
In other words, I know I getoff at six, but there's more
work to do, let me go ahead andget the work done.
Work till seven, that's onemore hour.
One more phone call, one moreinch of effort to have long-term
benefit, long-termpossibilities, all right.
So when we think about this, allright, that rental income that
(08:17):
you're going to be getting fromthat multifamily, whether it's a
duplex, triplex, quadplex,whatever you know you decide to
push yourself to go and get Allright.
When you own a multifamilyproperty, you can rent out the
other units while living in oneyourself, like Mike just alluded
to, or like Mike justemphasized on Right.
All right, the rental incomecan offset your mortgage
(08:38):
payments All right, reducingyour living expenses
significantly.
All right.
Now, if you're going to be inthis position and you're living
in one side and running out theother, you know there in Mike I
know you're going to get intothis there's going to be some
responsibilities involved withthat.
With provision, with abundance,comes responsibility.
(09:01):
So this is the mindset we'reharping on right now about how
to think about these things,these so-called inconveniences
that you might be thinking of inyour head right now, that we
might be thinking of before weeven tried it.
Speaker 3 (09:18):
What about this?
Speaker 2 (09:19):
What about that, what about this, what about that?
I can think of all kinds ofwhat ifs and what about that if
I just own a home, right, youknow?
Speaker 3 (09:27):
what I mean.
Any home, yeah, single multi,there's always what ifs?
Speaker 2 (09:30):
What if I didn't buy the right home?
What if I'm not near school formy kids?
What if the inspection didn'tgo right?
And what if this and what ifthat?
I mean there's.
So we got to make these whatifs and what about?
That's work for us All right,To our advantage, because, no
matter what we do, we're goingto deal with some type of
adversity.
But at the end of the day, theovercoming of this adversity,
(09:54):
what is it gaining for us?
Is it a small win?
A big win?
What is it?
What does it equal to?
Because everything added up tosomething equals something.
That's right.
Speaker 3 (10:03):
All right, and that goes into the spectrum of.
You know, don't forget theequity that you're building.
When you have a four unit, theequity grows even more than a
single family, right?
The equity grows every year.
And not to mention the taxbenefits.
If you're owning a rentalproperty, it comes with tax
perks.
You can write off expensivemaintenance, property management
(10:27):
fee, even a portion of themortgage interest, which can
save you a lot of tax dollarswhen you go to file taxes.
So you got to think of all thebenefits that you're just making
that decision to your point,Anton.
Okay, I'm going to buy a singlefamily and then I'm still going
(10:47):
to have issues, still going tohave stuff to do, but everything
is coming up.
There's nothing to offset it.
But would you have thatmultifamily?
Because you're just startingout as a wealthy and the UPI is
only allowing you a certainamount of money for you to make,
because this falls back in whatyou could actually make to
(11:11):
afford, what you could actuallycould afford, If you put all
your eggs in one basket, aka onefamily, single family, there's
nothing coming back.
But if you put it in amultifamily, then you at least
have something to leverage.
And then guess what it's?
Creating wealth, too Is a way,because now, if you got people
(11:36):
paying you rent, you're able tosave money.
Right, yeah, that's true.
You're able to put the moneysomewhere else or be able to
grow what you're doing.
Only because of that slightsacrifice of inconvenience,
you've done with your firstasset.
Speaker 2 (11:52):
Right, right, and you know I want to piggyback off
that, mike, because you knowmentality for our UPI
individuals or families, as faras the mentality is concerned,
the idea of buying a multifamilyhome more than likely feels
overwhelming, always All rightor even out of reach, and that's
when you need a mindset shift.
All right, and again we talkedabout this for this episode
(12:16):
financial freedom versusfinancial shackles, Right.
Or financial liabilities, right.
This.
So this idea of going out andmaking decisions to do things a
little bit better, and this isin our everyday lives.
Okay, all right, you alreadyknow you're going to have to
(12:36):
work a little bit more hours,probably If you got overtime at
your job.
Work a little bit more hours,save up a little more money,
save up a little bit longer toeven get a house in general,
right?
So now you're talking aboutgetting a multifamily home,
going a little bit further thanwe would have imagined ourselves
going before.
This is the mindset that wetalk about in all these other
episodes.
Again, everything that we'retalking about is leading up to
(12:59):
the thing.
All right, go back and listento the other episodes about
mindset.
Again, we want to providefundamentals, talk about some
very basic fundamentals and thenencourage curiosity and
hopefully you guys go out there,we all go out there and take
action, all right, and thisthird season we were focusing on
(13:21):
it's not like we haven't spokenabout, you know, purchasing
stuff.
Speaker 3 (13:24):
Oh yeah, this is all in the files, right right, so
we've given you pretty much theliteral and the breakdown and
everything, but this seasonwe're focusing on a mental and
emotional or spiritual way oflooking at things.
Yeah, yeah, and that's why thisis such an important topic,
because it's an emotion.
Again, it's an emotionaldecision that you're going to
(13:47):
buy either a single family, or amultifamily.
Speaker 2 (13:51):
Yeah, yeah, oh, go ahead, go, no, go ahead.
Speaker 3 (13:54):
And, like I spoke about and think about this,
anton, it's like freedom overfear.
The idea of managing tenantsmight seem deterrent, or, but
you know, there's resources andtools like property management
services and propertyconsultants.
Guess what?
There's property consultantsout there, that people who,
(14:17):
maybe somebody who has aproperty that could give you
advice.
You don't have to pay aproperty manager, because a
property manager might chargeyou $100 to $200 a door a month.
That takes out of your bottomline.
And hey, if you're in a spotwhere you're able to rent it and
get that money, by all means dothat.
But maybe you get a consultantthat you say, hey, this person
(14:40):
is doing this.
And there's not a lot ofconsultants.
It's going to be kind of hardto find.
But there are people out therewho would be willing to say, hey
, hey, tom, hey, hey, johnny,don't do this, don't do that,
don't do it this way, sort oflike a mentoring you through the
process.
And what does that cost you?
Maybe 30 bucks, 40 bucks,because, hey, you're trying to
(15:02):
save money, you're trying tobuild wealth, yeah, so if this
is an alternative to a propertymanager, which is hand off and
guess what, there's still goingto be some issue with the
property manager.
Why not?
Why not save some money with aconsultant?
Yeah, that can help you guideyou.
You have an issue.
You pick up maybe it's amonthly charge of 40, 50 bucks a
(15:24):
month, yeah.
And then you pick up the phoneand say, hey, I got this issue
with this tenant.
Okay, 50 bucks a month, yeah.
And then you pick up the phoneand say, hey, I got this issue
with this tenant.
Okay, just do this, did it?
Oh, yeah, don't do this, don'tdo this, don't do that.
That's a lot less expensivethan a property manager who's
(15:45):
going to probably have to go outand serve papers and do
whatever they're going to do andstill have to come back and say
, hey, owner, this is what wehave to do, da-da-da-da-da-da-da
.
And then you're like man, Icould have done that myself.
All somebody had to do was tellus.
So just think about that.
A property consultant can helpyou and all these things.
(16:05):
That's what makes it easier foryou to, because there are
resources and there are thingsout there to kind of help you
absorb all of these intimidatingthings that you're going to
tackle.
But the rewards, the long-termbenefits, of having that
multifamily property is hugecompared to that single family
(16:28):
home that you would have goneout and purchase.
Speaker 2 (16:30):
Love it, brother, Love it.
And you know, with that, Mike,you know multifamily as your
first asset.
I'm feeling that it seems to besomething about building
something bigger than ourselves,right, Living by that wealthy
and creed.
Speaker 1 (16:46):
Again, I'm going to give you the definition Hit him,
hit him.
Speaker 2 (16:48):
Definition of a wealthy and we've said it many
times before, we're going tokeep driving it home A person
capable of obtaining anabundance of valuable
possessions or money.
The capable is the.
Everything about this state,about this definition, bro,
because we are all capable.
Yes, are we willing?
Maybe there's a sliding scale,but we're all capable, we're all
(17:09):
capable.
Yes, are we willing?
Maybe there's a sliding scale,but we're all capable, we're all
capable.
You know what I'm saying andyou know what I want to say.
This, probably the number let'stalk about foundation, real
quick Foundation, probably thebest way to get confidence,
because there's some confidenceinvolved.
Right, we have to go forwardwith confidence.
Right, best way to gain thisconfidence and look, these are
(17:30):
all, look, this thing is so manylevels of my life is just
simple, bro, it's not, it's nothard, right, we complicate it
all day, every day but theactual process is simple.
Yes, want some confidence inthis area or any other area,
probably the basic thing wecould do them.
The barrier of the leap, thelowest barrier of entry, is read
(17:54):
there you go, read, that's it.
Speaker 3 (17:58):
Any search, and if you're a visual learner, look, I
am NOT promoting YouTube, butdamn it, youtube has.
Speaker 2 (18:07):
Hey man, it's all out there.
It youtube has taught me.
Hey man, it's all out there.
It's not like before.
You ain't gotta go to thelibrary and check out a book.
No more, mike, it's right thereon youtube, it's right there on
google.
There's so many people thathave gone out there and done it
and are willing to share theinformation.
Check your sources, make surethey're credible.
Obviously, obviously, obviously.
But go out there and readresearch Google, find articles,
(18:31):
find videos and these things.
What I'm saying, mike, is thatwhat we're saying to y'all
wealthies is that these littlethings, these are all deposits.
Of course, there goes the Dword.
These are all deposits,deposits, deposits.
And making deposits into people, other people, making deposits
into relationships, makingdeposits into business ventures,
(18:51):
is never more important thanmaking those deposits in
ourselves.
Speaker 3 (18:56):
That's right.
Speaker 2 (18:57):
All right, no, that sounds cliche but it is what it
is.
I didn't write the book, I'mjust reciting it okay, there you
go, all right.
Make deposits in ourselves first, all right.
Yep, that confidence man.
Make deposits in ourselvesfirst, all right.
That confidence, confidencecomes from that.
That's right.
Because guess what, when you goto the gym and you do some sets
and you work out a little bitand you go run a mile, do you
feel better afterwards?
(19:18):
Of course, obviously.
Of course, all right, it's thereputations and it's all
repetition.
Read a little bit Research alittle bit.
Feel a little bit better aboutwhat you're going into now,
because you understand more allthis builds confidence.
Speaker 3 (19:35):
Anton.
This is my heart, man.
When you go back to wealthy andwhat is a wealthy?
And then the description of aperson capable of obtaining an
abundance of value possession ofmoney, valuables of possessions
or money, remember that it'spossessions or money and we talk
(19:57):
about being shackled to asingle-family home because it's
an emotional decision.
It's an emotional buy becauseif you're going in and buying a
single-family home as your firstasset as a wealthy, you're
going in and buying a singlefamily home as your first asset
as a wealthy.
You're not there yet, right?
Your underprivileged incomereally doesn't justify you going
(20:18):
in to get a single family home.
You know you, you want to, youwant to have something where you
can get value that you can helpyou know, help you own
properties that guarantees otherassets, that can build legacies
.
That's what you want.
(20:55):
And after all that, to let theassets pay for the single family
home that you want.
How about that?
How about you built all thoseassets and now you living in a
single family home for free?
Speaker 2 (21:11):
What about that For free?
How about that?
Speaker 3 (21:15):
Think about it.
Speaker 2 (21:16):
It's a little bit of sacrifice, swelfields, it's
freedom over what?
Freedom over fear, bro.
Freedom over what Freedom overfear, bro.
Speaker 3 (21:21):
Freedom over what Freedom over fear, bro man I
like that Yo yo, we got to dosomething with that.
Yo, something's going to bedone with that.
Speaker 2 (21:28):
Freedom over fear.
We might have a little surprisefor them.
We got to do something withthat.
Speaker 3 (21:34):
Wealthians.
It's coming out soonSomething's about to happen.
We told you we keep somethingin the chamber All day, every
day.
But seriously, out therewealthians think about that.
I know that single family mightlook okay.
I don't like hearing the noise,I don't like that.
But if you're an individualwith the UPI, I mean I want to
(21:58):
go back to UPI, the status andeverything and go back and check
that UPI episode I think it'son the vodcast, it's on the
vodcast.
Yeah, it's on HHN TV weactually have a graph and what
dictates.
And this is based on thegovernment, what you know?
We don't say that word.
Lowell Ingham.
Speaker 2 (22:18):
Yeah yeah, yeah.
But it's what we say, what themfolks be saying, right, right
we say underprivileged income.
Speaker 3 (22:26):
Go back to our episode we call it the UPI
episode on HHN TV.
Look at the chart where youfall into.
If you have a multifamily,imagine what you put into the
home.
Right, you put in, let's say,the deposit you've been saving
(22:47):
up or whatever to get that home.
You're paying 5%.
Now the rate is at 5%.
Let's say it's a four-familyhome.
The rent in the four-familyhome covers the mortgage and
then some what do?
you pay Nothing Right Now,you're just managing the process
.
It's like a moonlighting job.
(23:08):
You get to go to your job andthen you might have to manage.
Okay, repairs here.
This needs to happen, thatneeds to happen.
But five years down, the lineequity went up there you go.
Now we're talking, Now you'reable to leverage.
Line equity went up there yougo.
Speaker 2 (23:21):
And now?
Now we're talking.
Speaker 3 (23:22):
Now you're able to leverage.
Rent is going up, this is goingup.
It's like whoa, wait a minute.
Now, this money that was justpaid for the mortgage, it's
starting to pay for a little bitmore.
And then you say all right, letme take this house, move into
another house, or let me takethe equity out of this house,
let me open up a business, letme leverage this equity Because,
(23:47):
all right, the home may maybebring you 5%, 10%, 20% more
money.
But what if you take the equityout of the house and you open
up a business that you're readyto rock and roll in?
How about?
Speaker 1 (24:00):
that.
Speaker 3 (24:00):
How do you feel Now you're getting rid of the man
because you made that decision.
You chose financial freedomover financial shackles.
Right, right yeah yeah, that'strue With the one family.
So, that being said, you know,think about that, ladies and
gentlemen.
We want that for you.
We want you to pick financialfreedom over financial shackles.
(24:24):
Don't get caught up in thesingle family.
You're going to be able.
If you do it right, you mighteven be able to build your own
house one day, because you weresmart enough to leverage the
process.
Remember, one to four familiesare still considered residential
, and when that falls into theresidential income or
(24:46):
residential type of property, itallows you to make the purchase
.
Same thing as a single family,same thing as a four unit family
, is still consideredresidential.
So's so hey, why not?
Speaker 2 (25:02):
that's right man, why not?
Hey brother, I love it.
With that.
I think we can get into thebreakdown there you go, all
right let's hit them with theliteral.
Speaker 3 (25:09):
the literal uh, fast, faster equity growth.
With multi-units, you you'remore than likely purchasing a
property with higher value.
As you pay down your mortgage,your property value increase,
your equity grows faster.
That's the literal.
(25:31):
It's simple, it's notcomplicated.
Again, we complicated, wecomplicated.
You got four units.
Guess what you bought?
A one unit or a single family.
The equity is going to grow,but I tell you, on the four unit
, it's going to grow a lotfaster.
Speaker 2 (25:48):
Telling you brother, speak about it, man.
Sometimes God quit thinking somuch.
Yeah, exactly.
Sometimes, exactly yeah.
Speaker 3 (25:54):
And then, on the mental, be open to sacrifice.
We spoke about this.
This is mentally.
I get it.
Ladies and gentlemen, oh, yougot that neighbor upstairs.
Oh, you got to deal withtenants we gave you.
These are short term, these areshort term problems.
Because you have a long termgoal, yeah, and if you did it
right, there's a lot of peoplethat tell you how to pick
(26:14):
renters, how to get renters.
You got some consultants onyour side.
Speaker 2 (26:18):
There's websites for that.
Speaker 3 (26:20):
There's so many levels.
Speaker 2 (26:21):
So many tools bro.
Speaker 3 (26:22):
Tools to help you build this wealth.
So be open to sacrifice.
Living in a smaller unit withinyour own property or taking on
a landlord responsibility mightrequire some sacrifices.
Speaker 2 (26:44):
But these short-term inconvenience lead to long-term
stability.
Stable, stability, hey man.
With that being said, I got tosay if you're dealing with that
noise or that, whatever that'son you, man.
Speaker 1 (26:51):
That's on us.
Speaker 2 (26:53):
That's true, because there's too many tools, bro.
Yeah, as always, there's toomany vetting processes.
There's things in place, bro.
I on man.
Speaker 3 (27:00):
Let's be real.
Yeah, I can tell you straightoff the bat on a lease there's a
line on the lease it saysnuisance, because sometimes
that's the first thing oh, Iwant a deal, but nobody knows.
It's on the lease.
Speaker 1 (27:20):
If you're a nuisance you can kick that person out I
love it.
Speaker 3 (27:24):
I love it you can kick that person out, but go
ahead, hit him with thespiritual brother.
Speaker 2 (27:28):
All right, sense of accomplishment.
You know we got to go to theheart.
All right, taking the leap intofine, excuse me, taking the
leap into multi-family ownershipbrings a deep sense of pride
and fulfillment.
Imagine the feeling that you'renot just surviving, you're
thriving and creating afoundation for others to do the
(27:52):
same.
Wow, I felt that you knowthat's spirit.
I got a few extra bumps on myarm right here, bro.
I feel that, yeah, that's real.
Speaker 3 (27:59):
Well, fans, I don't know, I don't know, I feel that
that's real man If that's not areason to do a little bit of
sacrifice to grow for somethingbetter later on?
I don't know what is there yougo.
So that's real talk, bro.
Yeah, I really that hit it home.
Speaker 1 (28:21):
That was a home run on that one.
Appreciate it brother.
Speaker 3 (28:23):
All right, let's hit him with the T-shirt.
Hey, hit him with it.
You guys are going to like thisone.
You're going to like thisT-shirt.
Why buy a house that only paysyou in memories when you can buy
(28:43):
one that pays you?
Speaker 2 (28:45):
in rent.
Oh like, bro, these t-shirtsare getting.
Speaker 3 (28:48):
That's really, really deep look, you know what, where
I would offer that t-shirtright every time, in every
single real estate offer.
I say every time somebody closea multifamily, give them that
T-shirt Right.
Speaker 2 (29:02):
right, that's cool right, I know, wear it proud.
Memories are great.
Yep, rent is better.
I like that A lot better andit's relative, right.
Of course Some people mayprefer memories, some people may
prefer rent.
I got to say, with that extra,extra rent, I can create some
extra memories for sure for myfamily and my people.
(29:23):
So I did just.
That's a personal, personalnote for me.
But uh, hey, man, I love thet-shirt you got.
Hey, this is, this is a greatepisode, mike, I love this right
.
This is good information man allday.
You know what I mean.
So hey look, we gonna come atyou next week with another hot
episode again.
We, we're going to keep itsurprise, we're going to come at
you real tough.
We're going to keep it.
We're going to definitely keepit valid, keep it relevant, keep
(29:47):
it in the heart.
You guys already know it's theholidays.
We want you guys to be enjoyingtimes with your families.
But definitely take your time totune in to Finance Bros Network
.
We're going to keep bringingthat heat.
Be on the lookout for thoseannouncements.
They are coming soon.
It's so hard for me to keepthis in, mike.
Speaker 3 (30:05):
I really want to tell them Keep it in, bro.
I know the anticipation's gotto be there, bro.
Speaker 1 (30:10):
I really want to say something.
Speaker 2 (30:11):
Let them tell their fans and their families Say yo
listen to these guys.
Speaker 3 (30:15):
They're about to.
You know, shiznit, Come on now.
Speaker 2 (30:20):
Yeah, most definitely so.
So we gonna come, we gonnabring it to you, we gonna keep
bringing it to you, we gonnabring you that surprise real,
real soon.
And don't forget to check usout on all your social media
podcast platforms Apple Podcasts, iHeartRadio, Spotify,
obviously at our home on the HHNTV.
And as usual, Mike, Iappreciate TV and as usual, Mike
(30:41):
, I appreciate you and youalready know we'll see you at
the bank.
Peace y'all, Take care world.
Speaker 1 (31:16):
Thank you, thank you.
Thank you for watching.
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