Started all right good evening Brothers thank you guys for joining um on the call tonight I am brother Terence Gibson your International director of big and Better Business um the purpose of this webinar tonight is to have a dynamic conversation with a group of individuals from the western region um
That put on this Workshop a couple of uh about say about a month or so ago and brother honorable brother Carter um brought the idea to me to say let’s go ahead and you know put it out to the Brotherhood and with me when a when
Someone comes up with a idea where they want to present the information to the masses and it’s great information I’m all for it so with that being said I want to go ahead and um give us a brief word of prayer before I turn it over to honorable brother Carter who is the
Moderator for tonight so everybody bow your heads in your respective places father God thank you for allowing us the opportunity to meet tonight in this virtual space thank you for the presenters that we’ll be presenting tonight in reference to Real Estate and Home Ownership and generational wealth
That can be generated through it thank you for each and every brother that has joined this call and we pray that you take heed to this information and that this information be fruitful to your mind your body and your souls and you could be able to take it back to your
Respective regions States local chapters and your respective communities in these blessings we ask in Your Name Lord we pray amen right and without further Ado I will go ahead and turn it over to our moderator for tonight The Honorable brother Ron Carter DSC member take it away thank you thank you brother
International director big and Better Business Terence Gibson and uh I want to thank you more over for uh agreeing to um for agreeing to to place this webinar in the national uh General Public Square um because when we had this same uh webinar a couple C months ago uh we
Got some really good information and we felt like I know I felt when I got off of it that you know more Brothers needed to hear this and so thank you for allowing us to do this again uh tonight uh we have like three gentlemen gentl are very skilled and knowledgeable in
Real estate and they’re going to be leading this discussion I am just going to be the vessel somebody’s please mute your phone I’m hearing an echo anyway um thank you um yeah like as I saying I’m just gonna be the vessel to which these gentlemen be able to make
Their presentations to you so um have fun and if you have a pen and paper please get it because uh these brothers are going to be giving you a lot of information they could be beneficial to you it is said that most black people 90
Some percent and these uh uh one of them presenters can probably give you bit more accurate information that African-American black people’s wealth is caught up in their the most the majority of their wealth is caught up in their real estate portfolio right if you own a home or you’re a real
Estate investor and so on and so forth so it is really something that each and every one of us should be really be paying attention to because it’s I don’t want to say it’s easy to do but it’s something that is doable you don’t have
To win the lottery uh but you can do it and I guess these gentlemen are going to tell you uh exactly how you can get started and what are some of the pitfalls and what are some of the benefits so without any further Ado I’m going to ask uh each of
The brothers and start with brother Jackson to just say something very briefly about himself and then we’ll uh we’ll start the question we’ll start the uh uh the webinar brother thank you brother honorable carer this is Brother Sydney Jackson Jr I’m the West Regional 35th director and uh just give you a
Little bit about my background uh I’m a liced real estate broker I own my own company I’ve been licensed since 1999 uh in real estate and then I also uh have a license I’m an insurance broker as well and I’ve been licensed since 2008 uh
Real estate is a great thing as you all know to invest in but time means everything and you have to know what to invest in what type of building what type of home what type of area it’s more than just I just pick this out and buy
It and then of course there’s the loan side as well interest rates mortgage insurance and those types of things so hopefully you’ll enjoy tonight and we’ll educate you on on some of that thank you brother Moore yes hi everyone brother Javon Moore first vice president of five Beta
Sigma chapter here in Los Angeles I’m a licensed realtor been in the business just like said for quite some time back in 200000 end up getting my license and been working uh once everything sort of got switched up with the federal government before I used to do loans and
Real estate now I stay on the real estate side and I end up helping out folks as an account executive with their reverse mortgages just based on my temperament being able to go ahead and listen and uh deal with folks on for a long period of time and just walking
Them through things so pleasure to meet you Brothers today drop some knowledge out to you and I getting question that you have answered thank you brother Moore and this next gentleman is not a sigma yet you know working on him uh and he is is a another long-term and skilled
Real estate uh agent and his name is Raymond plumber uh Mr Plumber could you go ahead and introduce yourself for briefly for us thank you Mr Carter I really appreciate the opportunity to be a part of this organization’s uh meeting this evening I just want to say I’ve
Been in the business for 28 years now I’ve been on the mortgage side for about 15 years the last 13 years I’ve been strictly a listing age in selling homes um I primarily focused my business on Helping Seniors um uh and one of the things you’re here today um is the
Proliferation of seniors that are affected by fraud and real estate um one of the things that I’m specially trained for by the state of California is to immediately go out and respond to seniors that have an issue relative to keeping their their home or their property uh by all means possible um
Helping them to save their Equity so yeah I look forward to another great conversation tonight with the organization uh I look forward to you know being very close to Mr Carter for a very long time and uh I thank you Brothers for welcoming to your organization this
Evening thank you thank you so let’s get started brother Jackson yes sir how do you suggest one choose an area to invest in in real estate um there’s a couple things that I always look for uh when trying to choose the area to invest in now you’re talking about investing not
Necessarily living right um one thing is population growth if an area doesn’t have population growth three to four% a year um those are more desirable areas the other thing is what corporations or businesses main chain businesses that are moving to that particular area so if you see a lot of main chain McDonald’s
Or Home Depot Costco and stuff like that then that means there’s population growth There’s jobs and people can afford to buy homes and the last thing I was always taught you are driving or looking in an area is called called everybody knows what a crane looks like
Right a crane when they’re big giant crane when they’re building buildings so the crane is your friend the reason why is because if you see big cranes around a city that means there’s construction going on if there’s construction going on means there are people moving in there or they expect the growth to
Increase that’s why big investors and corporations are taking money and building giant hotels um apartment buildings um strip malls and those types of things so population corporations and the crane is what you want to look for in an area that you want to invest in if
It doesn’t have a lot of that then either it’s got to be a really cheap deal or you probably want to stay away from that area thank you brother Carter also indications that president has very very very what is that uh could you please mute yourself please because we getting
The echo I took care of it I took care of it okay thank you uh Brother Moore do you want to say anything more about that about what brother Jackson just I’ll definitely chime in there uh brother Carter one other major thing for yourselves that I found to be good is
Knowing the area it’s one thing to find a place is booming and everything else but the other thing is finding an area that you’re comfortable with that you are familiar with that you can be able to touch smell taste and a quick amount of time so being able to drive over to
Your property even if you’re um not going to knock on any doors but just to be able to drive by you may be on one side of town you drive by and at least see your property at least lay eyes on be able to make sure that you
Know what the grass looks good all your sprinklers are there nobody didn’t tear your sprinklers up so my little piece of advice in terms of wear is somewhere where you can taste it smell it touch it in an adequate amount of time you feel comfortable raymon you want to add anything to the
Discussion um yes thank you again uh Mr Carter um I love what both of the gentlemen both said U me I I I kind of get into this educational role when we talk about these type of subjects um remember each investment or each person investing is a case by Case by uh
Depending on what their desire and their their plans and their business is um you know understanding investing in property you know there’s two sides of that there’s the residential investing and then there’s the commercial um there’s single family homes that individuals invest in and use as rentals and then there’s multi-unit
Complexes two to Fours uh that most individuals uh that are low-end investors pick up in order to you know get a little residual income to come in and to kind of have something more you know of a portfolio to put out there and then there’s the other investors you
Know that they look at the four to 10 units the 10 plus units um the 50 plus units the 100 plus units um you know one of the gentleman in my organization was just in a conference this past week of family Legacy wealth uh creators and these are all people that invest in
Properties that are 50 plus units and they’re now looking for 100 unit apartment complexes uh so those type of residential Investments versus commercial um brother Jackson or Mr Jackson you know he spoke real eloquently regarding you know uh commercial and franchise properties finding the location working with the
Licenses getting the franchise to allow you to build and and to put something up in their name you know it it’s rewarding uh but it it has its challenges and so finding an area um is one of those things that each individual has to look at based upon what their what what their
Expectations and growth and goals are for real estate thank you uh Brother Moore what would you say is is it a good time to invest in real estate right in commercial property not real estate it’s always a good time to invest but is it a good time to invest in commercial
Property if so why definitely is brother Carter and you sto a little bit of that Thunder it’s always a good time to invest in real estate and it really just depends on the individual and their money at that particular time so from a commercial standpoint let’s go ahead and break it
Down because one thing we had discussed before you have you have from a single family home up to a four unit building those are still going to be quote unquote under the normal single family so you have single family home a duplex Triplex and a quad you can get normal Finance on all
Of those it’s not you jump above that hold a second brother hold a second because you know Brothers need to hear you could Charles iPhone please mute yourself thank you go ahead brother so we were just going through the differences so you have your single family home you have your duplex your
Triplex and your quad all of those you can get your normal financing through and until you jump up to five units or more and I know brother had talked about 50 units and 100 units but after you go over four units once you hit five you’re
In that commercial space so I know for myself and brother Jackson we end up having a couple four unit buildings um starting out to get into the real estate part of this deal and on the commercial side it’s always something good as long as you can be able to handle so I would
Say in the beginning you’re probably want to start yourself out with uh a duplex a try or a quad get used to having a property management team or you being that property manager before you tackle the commercial side but uh Commercial Business is always here as s
Said if you end up seeing a crane or you go to a particular City and find out their five 10 or 15E plan you’ll know what part of the city is going to move and uh that is a definitely good thing for you some of you guys may wonder when
When you drive around commercial buildings people sit on for a good little while and they wait until it’s time to go ahead and do the work on it we just recently had in our neighborhood um a famous iconic spot called The Liquor Bank they closed them down I
Think on purpose it’s set for the last couple years and they just demolished it uh in the last 48 hours and took it down because they want to build on that property had nothing to do with what it was had to do with where it was so it’s
Definitely a good time right now commercial side excuse did you want to say something uh Raymond yeah I just want to ask you know what Brother Moore just said um one of the key locations to find out great information is your city planning office uh you could always go down there
Englewood cover City LA City and just inquire what is the growth plan for this community the next 5 10 15 20 years and it’ll give you a heads up idea on whether or not to invest or to get on something now um so um you know it’s a
Great source for your information your city planning office has all the great details for you so U brother Jackson you want to add anything to I actually um guys I just want to be very clear the commercial side and residential side are very different the commercial side brother
Mois says anything five units or more that’s in the apartment building space but commercial real estate consists of strip malls Medical Office Buildings veterinarian clinics units of 50 60 100 200 units all of that is called commercial real estate and the way if you want to really if you’re interested
In it and you want to find some deals there always deals out there right now now currently the interest rates for commercial uh purchases is High um it’s it’s high right now so unless there’s a really good deal on the price your monthly payment would be significant on
Something right I’ll give you my an example right now I I bought a veterinarian clinic in Texas of six years ago and the other thing on the loans the loans are either three five seven or year loans they’re never 30-year loans like single family homes so what happens those loans become
Mature the interest rate changes at the end of the period in which you selected from the beginning so example I bought a veterinarian clinic in Texas I had a fiveyear loan at four and a half percent I sold it right before the interest rate was about to change and I took the money
And I invested in a syndicated unit is 212 units in Las Vegas and Nevada now that project was $26 million now I don’t have $26 million nor do I have the 30% to put down on the $26 million but what I did was I syndicated a group of
Investors so each one of us puts in a little bit of money and we all get a percentage back from the net proceeds of those units in this particular example Las Vegas is right behind the stratosphere the city of Las Vegas has a homeless program in which they will pay investors
$1,200 per bed not per unit per bed so that particular project is being purchased on the premise of getting approval from the city of Las Vegas to actually house those individuals our rent is guaranteed from the city of Las Vegas $1,200 per bed times 215 units
Probably three to four beds per room so you just do the math uh so that is a project I’m actively pursuing right now and I just want to be clear with you guys Brokers find these things you got to make friends with brokers in whatever areas they will call and kiss your butt
All day long trying to get you to get a deal and they’ll bring you deal after deal after deal but you really want to have to analyze the numbers and get a professional to take a look at it for you thank you brother for sure um so that was a in listening to
You make those remarks I was going to ask you then what you’re saying is that the best thing to do probably is to get yourself a broker or an agent somebody who can school you on how to really maneuver this right absolutely because if you don’t understand the ins and outs
You can lose your money for sure uh so you bet did that that kind of scale obviously over the years I’ve worked up to try I went nowhere near try to tackle a deal of that size with people I don’t know unless I kind of graduated when I
Had a five unit a eight unit a six unit and then as you meet people I’m part of a a syndicated group where all of us are in the same investment pool so all of us have we have zoom calls we talk about deals in Texas Florida you know New York
Wherever so we’re all kind of like a like a fraternity of brothers and sisters to kind of because we’re all doing the same thing which always helps it makes you more comfortable so if you don’t know something one of the people in your so that’s very helpful thank you
Thank you you hear that Brothers syndicate syndicate you know we have a lot of brothers here on this call and some of you gentlemen are friendly with each other you know hey why not take a stab at it uh because you’re not going to get anywhere by yourself you always
Need support help people lift you up when you fall down um Raymond I have a question for you is there a way for the seller to help pay down the interest rate on the sale of a property yes the you know in today’s market on single family
Properties a lot of the challenges that young and new buyers have is the qualify uh just how to qualify for the value of the property that they’re wanting to buy and some of the times the interest rate that’s out there may put them Just slightly out of Market whereas having
A agreeable seller and a buyer who’s willing to carry back a note or to help the buyer to buy down a a percentage is always an option as part of the negotiations that a seller can do with a buyer to encourage a buyer to take the property at the rate in which it’s
Listed for okay brother Moore or brother Jackson you guys want to add anything to that uh sure um right now uh the market obviously you guys seen a change in the real estate market I would say over the last 12 months or so uh I have a a
Listing around the corner for my house actually that I just re I sold the house and then uh my line brother was on the board and Habitat for Humanity so I asked him if he had an interest if habitat had an interest in buying the home because Habitat for Humanity their
Premise is they buy raggedy homes and they fix them up and they sell them at a good price to the community but they have to generate funds and one way they do that is they do flips so the listing I had the house was all original old but
Nice uh in size and a good area area and I called him up I said I interested he said yes they came and purchased the house for a million bucks cash they spent eight months fixing it up they spent about 350,000 fixing it up and they allowed us to remarket the house
For $ 1.8 million now in the area here two years ago that house would have sold in 5 seconds not anymore we got no offers four people looked at it then they lowered the price 150 Grand still nobody looked at it I still have it listed for sale for right now for
1.8 the question is about giving having people give like a 1% back toward the Help Us sell of the property so now we’re giving 1% towards closing cost which is unheard of in the last five years of real estate you don’t get nothing from the seller but now they’re
Willing to give 1% of the purchase price uh which would be 18,000 to to the um to the buyer to help sell the home so the answer to the question is there is nowadays the buyers have a little bit of Leverage to ask for some closing costs
Ask for some help and getting the deal done or reducing the price thank you thank you brother Moore I think we we touched on that one enough so I’m G bypass turn on this one okay uh brother Jackson yes sir should you buy a single family or a multif
Family home as your first real estate investment and explain both scenarios okay um I believe that just depends on how Savvy and advanced you are um if you have limited funds I think uh uh a single family or unit you can do either one if you if you’re married you
Have a couple kids uh I’m going use Los Angeles as an example an apartment complex let’s say a 4 unit is not that big so if you have a big family you may not want to live in one and rent the other three um but if you don’t if
You’re a single guy you got a smaller family buying a 4unit building living one renting out the other three to cover the mortgage is a great idea um unless in in my particular case I bought a 4unit first and I lived in an apartment so even if you live in an apartment unit
You don’t own any real estate buy a for unit use that money as income to help pay for your apartment that’s what I did when I started out I lived in apartment my rent was 650 bucks I was in the military and I used my VA loan and I
Bought a 4unit building first piece of property ever bought and I bought it for $225,000 and I R all four of them out Section 8 which is a whole another headache in itself good Lord Section 8 you love it because you get the money from the city or the government govern
But those tenants are something else so everything is not a better Ros but I definitely say depend on your okay there you go brother heart well so I I think it just depends on Brothers what your particular appetite is of responsibility um obviously a home is your ultimate goal uh and it’s it’s
Okay to do that first uh and live well you want to buy some invested property afterwards uh that’s fine as well it just depends on your on your appetite and what kind of risk you want to take right uh if you want to be more risk
Averse go ahead and go ahead and go for the units I I have a a counterpart of mine that he Liv he’s been living in an apartment for like 20 years but he owns like 25 pieces of property uh because he all he doesn’t know where he wants to
Settle in at he didn’t want to invest a big pool of money in a home so all he does is buy units all over the place so that’s a good strategy as well great thank you brother Moore you y i I’ll go ahead and chime in brother
Carter and U for myself personally I actually watched my father do it first and then I went ahead and followed in his footsteps so my dad end up separating and instead of jumping into a house he took his funds and we went and bought an apartment building uh not too
Far from uh my Stepmother’s home so we lived in one unit and then we had three other renters and at that time I was a gardener and everything else as a young one and I end up seeing him go ahead and collect the rents from our tenants chase
A few tenants down here and there and then later on Fast Forward um through my schooling years of uh junior high and high school to then coming back on that same block and two buildings down buying that building uh myself so I end up having the same type of deal I lived in
One rented out the other three um I didn’t go the Section 8 route because they do inspections every year and that wasn’t what I what I signed up for so I went ahead and pre-screened my folks I used an association back then called AOA American um owners American Association
Of homeowners apartment owners I’m sorry and uh they end up giving me a little bit of tips and tricks as well as falling back on my father’s side so as brother Carter’s first question was single family home you get in it you go ahead and work your 95 or your
Entrepreneur business and you pay that mortgage every month difference from the two three and four unit you got one other person two other people or three other people helping you out paying your mortgage so it worked out perfect for myself um one thing I will warn you end
Up having that four unit or two unit or three unit is family unless you want to carry them don’t put family in your units I know it sounds rough I know it sounds harsh or frat or Soro I know it sounds harsh but it’s one of those things man it’s nothing
Personal this just business and business-wise if you need me to hook you up to live in my unit guess what I’m gonna be hooking you up all the time on the rent they don’t intend for it to happen but it just I’ve always seen it happen if you need
Me to fall back on I rather give you a couple bucks to help you out for your place and to stay in your place versus you being here in my place and I get stuck so the four unit is definitely something that you guys can uh be able
To utilize as a tool and that goes the same with the triplex because you’ll have two tenants if you don’t want to deal with a lot of people then get a duplex and you only got one other tenant if you don’t want to be the face get a
Management company so people don’t even know you own the building they just think you wanted a tenants so all depending how you want to do it if you want to be that friendly neighbor or if you want to be the landlord they know hey two o’clock in
The morning they knocking on your door because there’s some water leaking then you’re okay with it but it’s uh it’s definitely a good investment it’s definitely something for you to be able to leave an inheritance for your children’s children so it’s definitely something to look at gentlemen thank you that’s some good advice
Brother Moore thank you thank you very much for that um I want to come back to you brother Moore and ask you this question because I hear this all the time with especially in this real estate environment we’re in right now where homes were appraised at uh oneir well homes were bought at
Probably onethird of what they wor right now should you use the equity in your home to invest in other properties it really depends on yourself um you got to know how you are and how you manage your money if you can be able to utilize that Equity to build on is definitely
Something that’s a good thing you just want to make sure that you’re smart with it because ultimately you’re now going to have your mortgage and this new loan so if you get the right property and it can be able to cash flow for you and it doesn’t add a second liability to pull
You down and you’re trying to figure out where your resources are going to go then it’s a good thing so ultimately you want to set a plan you want to get with a real estate professional you want to get with your tax person and truly go
Through the numbers to make sure if I pull this money out I’m gonna be paying x amount on it and what is going to be my return on my investment can I find a property or a deal or Syndicate to get into what where the Dividends are going
To pay me enough to be able to carry that new note that I have so it’s definitely something that you can utilize a lot of people end up being what we call um Houser cash poor because you never realize that money until you sell the house that Equity is sitting
There so you have to be smart in how you’re going to use it for some people you don’t need to touch it you just need to leave it in there because you know you’ll be driving a nice Corvette and after it’s wrecked that money’s gone but for some other brothers you know hey
They can be able to be responsible and put that money to work for themselves don’t jump it into the wrong thing because you can go into we have already dealt with the Bernie made offs of the world and did the Ponzi scheme so if it sounds too good to be
True don’t do it if it’s a sound Foundation it’s an actual piece of property you’re going to have the deed to it and same difference in a car you gonna have that pink slip that we that we know about then I’d say hey let’s go ahead and move forward and that’s why
You want to deal with um a real estate professional bounce it off of one or two other folks so you can be able to see things from different angles and truly see is this something is real or is it a facade thank you that’s some invaluable information
Thank you uh Raymond I saw you had your hands lifted guess you want to make a comment uh you know I totally agree with uh what Javon was talking about and was saying completely um when you look at pulling money out of your house you really have um three risks that you’re
Going to have to manage and if you’re not good with managing a checkbook then uh it it could be a challenge for you you know you have the first against your property now you got the second trust deed that you’ve taken out to invest in something now you have the mortgage on
The third property that you’ve used the m to invest in so it it becomes a challenge for the Layman to remember that you know these are secure property interests and these are secure notes and so you have to you know you have to be very good at managing those finances in
Order to keep from getting yourself into serious trouble you know with your home and with your investment so um just remember it it’s it’s not an easy endeavor you choose to go ahead and invest um you heard Mr Jackson talk about the renters and you heard Mr Moore
Talk about the family members and and I’m going to let you know I myself I’m an investor and and an owner as well and you know I hear Mr Jackson now and I hear Mr Moore now and and we all probably have made the same cardinal sin
Of putting a family member in a place and I can’t get his butt out of there right now and it’s going on eight months that I’ve had to pay mortgage on the place you know you know but he’s my baby brother you know so so so Sydney do I just sell it or
What yeah I know I I and I I totally agree with you and I I’ll I’ll comment on the question as well uh for example guys my baby sister who’s 30 years old lives in my dad’s building and she don’t pay no rent so that just goes $1,500 a month
And I have to go to my tax attorney and we have to write that $1,500 off but that’s $1,500 of his retirement income he’s not getting but you know how some I’m going say some dads because they ain’t gonna be me but some dads are with their daughters they get away with
Murder they can’t do no wrong even though they wrong so she living free and the caveat is she didn’t move back to the house with my father and the place sitting there empty amazing but I’ll comment on the question um to pull Equity out your house guys if you are
Going to bother your single family residence where you lay your head you have better be the most fiscally responsible person on the planet because there are so many clients that I’ve done loans for and I’ve had to sell homes and Reby homes because they pulled $100,000 Equity out of their home to
Help their daughter or son buy a home and they end up being irresponsible with the home and now they paying the regular Mor morage and the second mortgage because the son or daughter is not paying them back what have you and they got lump sum then I have to refinance
Them to put that second mortgage with the first mortgage so they can have a lower interest payment and now their balance just went up $100,000 for nothing so the words of the wise is if you’re gonna pull money out of your home I have done it before but there was a
Purpose to make more money with that money I bought an investment property with the equity I took out of my home and the monthly payment on my investment property was covering the equity that I took out of my home and I had a little bit of profit left over so in that
Respect it was worth it but I quickly paid it down to get rid of it because you never want to highly leverage your home where you live at you highly Leverage an investment because an investment is made to help you financially right hence the word invest so if you have to sell
Your investment property to pay for your kids college or to handle some bills or to pay off your current residence that’s okay because it was an investment property to begin with whether the purpose of it was to invest in your child’s education or to invest toay pay
Off your bills your car your home you didn’t really lose anything on an investment property but your single family residence that’s where you stay so you kind of protect that uh much much better and greater than you would uh an investment thank you brother Carter thank you brother Jackson uh Raymond
This question is addressed to you because I know this is your sweet spot we’re talking about senior abuse Senor abuse in especially in real estate is on the rise I think it’s almost double across the country here in California uh we’re the number one we’re the number one state for senior abuse in
Real estate tell can you tell us how we can best assist our elders so that they’re not victims of some of the schemes and uh uh some of the stuff that’s going on in the senior abuse in real estate thank you for that opening Mr Carter and
Uh this is a subject which I take very personally and and have a heartfelt ownership and trying to make sure our people don’t lose their home don’t lose their Equity um because of some of the shenanigans and scams that are going on first thing I want to say
Is anyone who knows anybody that’s thinking about real estate or investing in real estate um you step into it with a very cautious step initially um but you want to make sure that you’re dealing with a reputable individual and a reputable firm I ask that you take the note and write down Cal
B that’s C A lbr that’s California Bureau of real estate anyone who wants to talk to you about real estate comes to you about real estate wants to finance for you wants to talk about financing and and you’re over 50 years old because they’re coming after you you know like Mr Carter
You said they’re coming you know you’re you’re you’re over 50 they’re coming and and we have four generations of seniors over the age of 50 you know who who are all educated at different levels who need to understand that they are all vulnerable the term Boomer is no
Longer the one that’s susceptible to to scams when we talk seniors I want to just take a moment and share with you we have a group of seniors that are 80 years and over that’s our silent generation they’re older they don’t talk and they don’t tell you when they’ve been
Hurt then you got the Baby Boomers those 60 to 80 years old they know what real estate investment is about they’re living the dream that their parents didn’t have they’re doing more for their families as Baby Boomers than the silent generation of their parents did for their kids and
Then there’s the generation beneath them there’s the ex generation and then the Baby Boomers and so not not the Baby Boomers but the Millennials so there’s four generations of seniors and all of them have a category of impact when it comes to dealing with fraud being defrauded and being taken advantage
Of elderly people sometimes will get into trouble by dealing with people they don’t know phone calls scam callers because they’re calling every day hundreds of calls every day rooc calls all day long legitimate real estate agents fictitious agents and just defrauding people in general they’re all out there calling
Because the numbers are available on public records what most seniors don’t have is the protection of someone that’s more cognant of these games that are being happening in society to answer the phone and protect them because befriending a senior citizen is very easy very easy most seniors are lonely all
Generations of seniors most seniors are lonely and they invite the conversation so we need to know that the people that our seniors are talking to or our elderly are talking to you know we know who they are we don’t want to see them lose their home to title
Fraud um we don’t want to see them give up their social security numbers for medical fraud uh you know we need to make sure that you know whatever you guys do as a Brotherhood with your parents their parents your brother’s parents your you all have to have that
Discussion um what is the status of our parents property what is the status of our property just like your credit report you need to check the title on your property because you could silently come home one day and someone’s got a note on your door telling you you’ve been
Evicted out of your own home everyone should check their own title regularly and then today’s day and age uh digital fraud it used to be once every five years I’m now telling people in my sphere of influence every three years let’s take a look at it for me
It’s as much as or with any of these agents here to get with their insurance company uh partnership and just look at your title record online and see that it still has your name on it um and and it’s driven by you know a quick quick
Note on this it’s it’s driven by an incredible industrial corporate Greed for your residential property these are not individuals with a pocket pull of money who have the signs out there that says buy your home for cash and this is where the the elderly get into trouble as because they
Don’t understand that those signs are a fraud so we have to teach them where did you get this phone number from who gave it to you did they encourage you it’s kind of like with crypto fraud where did you get this information from did they encourage you and did you
Make this of your own decision we have to have these discussions when you ever hear a brother a friend a neighbor talk about a senior who may be doing something help them ask that question ask them where they’re going to get their protection and their guidance
From a quick statistic I want to share with all of you is you may have seen this in the news lately but you need to pay attention because we as a people are losing out and losing out fast we’re losing out at an incredible speed and we can’t
Compete it may seem like it because we got a few Pockets here in Los Angeles but we can’t compete and this is it large institutions own roughly 5% of the 14 million single family rentals nationally in early 2022 according to analyst by 2030 the institutions will hold some 7.6 million
Homes more than 40% of all single family homes on the market they’re taking them faster than we can get involved to try to get into them five years ago you would have seen a lot of fixer uppers flippers on the market you got two brothers right here
They’ll they’ll attest to you you can’t find Flippers today you you you just you you can’t these corporations are buying up single family homes faster than our generation and our people can get into them so when we ask the question is there a good time
To invest is this a good time to invest yes yes yes by all means if our people are to survive in a community we got to buy it now where we got parents and other gentlemen such as yourselves on the phone who have equity in their
Property we have to teach our kids how to sustain it if not we have to get them into a property and we manage the cost of it but by God we got to start doing something to get ahead of these corporations that are buying up our communities you don’t see them but every
One of them being bought up you got two gentlemen right here who you guys associate with on the weekly basis they’ll nod their head and attest to you corporations are buying these places faster than we can get bids in for families so brother Jackson before we
Move to uh question and answer both you and uh Brother Moore is there anything you want to add to this because we want to save some time for questions we see a lot of questions are coming through on the uh on the tread So you you’re muted brother Jackson I
Saw the question so I was answering a few of them that I saw but I do want to gentlemen number one uh we need to utilize our fraternity so if you are interested in investing outside of the area obviously if you can drive to the area like brother morph uh
Said that is ideal but let’s say like for us we live in California our real estate is really expensive so if we have a little bit of money we may not be able to really invest in California but when you look at the market you might be a to
Invest in Tennessee what do we have in Tennessee sigmas what do we have across the country sigmas so you go to the blueprint uh call up a sigma in Tennessee talk to him hey brother I’m looking in this particular area can you go check it out for me right that’s what
We got the Frat for right so if they got some time Florida New York wherever we are we always can call our frat Bros have them check out some property send you some pictures or something or see what or they may know the area and say
You know what that area is a good area or that area is a gang area you don’t want that so let’s make sure we’re utilizing um our fraternity um number two in reference to brother plumber said uh the corporations gentlemen are definitely trying to to run this country
There’s a a company called Black Rock anybody ever heard of Black Rock Vanguard you ever heard of Vanguard you look at their net worth you look at the on the board of directors they are on Pace to buy 60% of the single family residences in this country in the next
20 years what happens if they do that that means you and I our sons and daughters when they get a want to buy real estate they can’t buy it because black Rock’s not going to sell it to you they want it for control and unfortunately those companies are very
Powerful gentlemen they are so powerful it is unbelievable and if you just look up Black Rock look up Vanguard those are the two largest um let me see uh one last thing I wanted to say utilize the Frat um and I put a few things uh in the
Chat guys just to keep on your mind on how you run your your household uh you want to save money always save money out your paycheck whatever it is doesn’t matter how much just save money number two on your investment you want to invest in real estate you want to
Diversify and invest in the stock market as well right and number two number three you want to have life insurance guys you gotta have your life insurance those things veryimportant to have in your life question Ron thank you brother Moore um uh thank you brother Jackson Brother Moore is there anything you want
To say before we move to the question and answer and Rick could you please mute yourself please brother please mute yourself you are creating and you could just see how there you go good I’m good brother Carter I’m gonna yield my time so we can we can converse more on the question and
Answers our brothers gave a lot of information I’m quite sure you’ll be able to reach us reach out to us if you have our names you can catch us here on the blueprint our um I’m quite sure our info will be publicized through um through this link so let’s at this point
Go ahead with some questions honorable brother Carter you on mute I’m sorry brother Gibson’s do you want to feel the feel the questions yeah I jotted down I jotted down a couple of questions through the chat okay all right the first question that popped up um it was earlier in the
Conversation with inflation Rising EXP financially when is a good time to invest and anybody could take these questions guys uh anyone the three of you can take the questions um I think right now I would only invest if you if you got a really good deal and my when I say a really
Good deal uh you look at where the whatever they’re asking for the property now and then where when was it sold and for what price and if that amount is lower then maybe it’s a good deal um but right now things are so high the biggest Point guys is interest rates interest
Rates is are is ridiculous right now they have leveled off they say they’re supposed to decrease somewhat I really hope they do because I need to refinance a piece of property right now and the rate I got is 5% and for commercial and commercial rates right now are seven so
That’s going to kill me if they don’t come down but uh gentlemen right now nobody has a crystal ball there is no right answer guys um but again your risk uh how risky you want to be if you can’t stomach to lose it then don’t invest in
It it’s like I don’t go to Vegas expecting to win money you take the money to Vegas to gamble you have to assume if I lose it I’m good to go you don’t take your mortgage payment for the month and go to Vegas and say I’m going
To try to double it that’s too much risk you never do that so whatever you take guys you got to be able to stomach what you want to invest in but the numbers will tell you guys the numbers will tell you you get it with a loan professional
Real estate professional go through what the purchase price is what your credit is and the interest rate what the monthly payment’s going to be what the asset’s going to bring in if it’s not upside down then go ahead and get it if it’s the other way then you don’t want
To bother with it unless you’re going to supplement the loss because you feel that the property is that valuable um but the education homework on it is crucial uh to to get in order for invest guys so you got to do a lot of homework all right next question what
Grants are recommended for a new real estate developer for new real estate developers and what loan types best are best for developing multif family homes so that’s a two-sided question um first one is the the larger developments um those are really going to be consortiums of multi-insect size um residential builders residential
Developers um you know they’re you know they’re pretty much giving money to all the big Builders the KB Homes and and and the names like that there you know you don’t see those coming up in our communities um so so getting money to develop residential um can be tricky each city
Um has their own guidelines um and you know last time we were together one of our questions were what are some of the new laws and this year here we’ve had four if not five different laws that affect you guys as homeowners uh potential developers um investors um and and you guys should
Probably know about them I’m going to probably send a a newsletter out to Mr Carter and ask that he said it to everybody that’s on this call because it lists all of the new laws that affect real estate and real estate owners here in the state of California but you can
See that as California goes the Country goes so what what you see Happening Here uh for us as far as residential controls by the government you’re going to see in other states I I would say right now right now is the best time to invest um I I first
Bought my real estate uh you know some 30 years ago and it was double- digit interest rate my parents have always had double digit interest rates we just got we just had double- digit interest rates some six seven years ago so it’s not that long ago that we’ve had it U where
We are now is is a really comfortable Zone that a lot of people don’t really understand and if I had time I would put up on the screen a chart which show us historically uh how interest rates were and where they are now and why it’s a
Great time to invest uh a single family home like I say you want to put something in the Legacy wealth then you got to start with getting some real estate and a single family home is the best place to start you can’t get it for you get it for your children live with
Them take care of it that way but you you have to start to accumulate Equity wealth somewhere somehow um and and you have to put a source towards that and and investing now is the only way to do it because it’s getting tight it’s going to be a tight Market Out There Brother
Gibson you haven’t another a question I see there C John has his hands raised yeah I’m g go I’m gonna go ahead and go to C John go ahead because he was uh he had his hand raised for quite some time right good evening Brothers uh C Johnson
Dat D Sigma out of El Paso Texas um one comment that just came to mind I have a a few investment properties throughout the country but I’m from New York originally um one thing I did want to mention that is very important I believe is if you’re gonna do Family Properties
Or you know multi Family Properties know the local laws it’s dog going there impossible to get attended invied out of New York so definitely want to make sure you know your eviction law because that can also kill you but my question was and anybody can answer this but I
Believe it’s more gear to uh brother Jackson uh getting back to borrowing money or out of the equity of your home I was recently told that if I borrowed money from one of my homes and purchased uh rental property okay I can take the money that was was borrowed from the equity
And deduct the interest are you familiar with that and is that true well first I would definitely I hear what you’re saying and and I’ve done that myself but a tax accountant would be best suited because everybody’s tax situation is different um because even uh they change
The laws now that even the interest on your in your home you can’t write off 100% of it uh for your house used to be they WR 100% of it now I can’t remember what the exact percentage is but you can’t Rite off 100% anymore they just
Changeed the law so that decreased the amount of refund that that I normally get uh because of that change but if anything that goes with an with a piece of property when you are uh borrowing money from it you can write off a certain level of the interest uh whether
It be the expenses the repairs for the property as you know the interest rate uh interest on the loan vacancies if you have a v like for example I told you about my sister that pays no rent in the units well that $1,500 is a loss so
1,500 bucks times 12 we can put in the loss category to help with him not paying uh taxes on the income from the property so uh to answer your question I would definitely consult a tax attorney because I don’t want to give tax advice but I just named you what I did
Personally so you can kind of figure it out from there okay thank you right brother Chase Jackson Chase Jackson you got your hand raised yes sir all right I appreciate um brother Chase Jackson Omron Sigma chapter North Dallas um quick question so what are your current thoughts on the
Duplex trioplex or colex is do you see the current market trends heading in that direction rather than single family Homes mean in terms of theice go J take that call yeah I’ll go ahead and chime in on it it’s not a question of what direction things are going it really depends on the particular area in the housing mix you’re not going to go wrong with a duplex try or quad based on
If that’s your strategy if that works for you so the makeup of most neighborhoods when you look at them you’ll end up having some spots that have apartment buildings you’ll have some areas that’ll be duplexes you’ll have some that’ll be condominium that we haven’t really talked about that much
Today so all of them are good it just depends as that strategy work for you do you want to be a tenant to one tenant To None tenant to two three um none of them will Ste you steer you wrong um all those properties are continuing to appreciate uh regardless of what they
Are because at the end of the day it’s on land it’s something you’re gon you’re gonna own okay can I add a follow-up question sure so last one um can we talk about how elections affect interest rates is that something you can talk about as well interest rates get affected by a
Whole lot of things and as far as the idiots that’s up there right now we got no clue we got no clue I’ll let the other brothers chime in in it but right now we got no clue we got Colorado trying to figure if somebody’s even gonna be a
Ballot on a ballot but they’ve already mailed the ballots out to people who are in the military and everything else so right right right now guys this is like one of the most the times when I look at the market I’ve asked guys that are way more experienced than me about
What they think the Market’s going to do um and I asked them five years ago and it still hasn’t happened what they said everybody keeps talking about a crash and this and that I mean guys at the end of the day uh your risk level and appetite is really either it’s really
Good or it’s not um you got to get in the pool and start swimming uh and that and that’s what the best thing I can tell you guys you got to have the courage to do it got to be smart about it got to hire professional because if you’re not really versed in
The market it’s very helpful guys to get a professional like brother plumber Javon myself or anybody else to let you let educate you a little bit about whatever Market you’re going to get into the last thing you want to do is just to go get something just to get it and then
You find out you bought in the worst area and there were some laws that were going to change in the city that you didn’t know about so you couldn’t rent out Section 8 anymore uh there could be anything that could happen guys so the education piece is is crucial but if
You’re scary and you’re not a risky person then don’t do it because I’ve had customers like that they want to be investors but they can never pull the trigger and the point of an investor is to be more of a riskier person to be successful so if you kind of scary and
You you kind of Twitchy about things then then just don’t get in it because you’ll pull your hair out interest rate goes up one little click and you have heart attack you know or or your whole college fund is blown one little tick a president change oh my gosh the market
Went up I lost all my money you know if you’re that person then maybe you want want to think twice but if you’re not and you can stomach things and hire your professionals like brother plumber or Brother Moore then then then you you’ll be good to go there’s a couple other
Questions a few more that we I’m G to take in the chat on one of one of them in particular and I think this one looks like from a Collegiate what are some easy Investments that are attainable while going to school uh I would say for a student and I and
When I was a student I you know I wish I would have invested or save some of my student loan money and went to buy me a place while I was in college uh but I think and and this is my personal opinion that students with the amount of
Money that Education costs and the expensive of homes or condos or whatever I think think the the younger guys are in a very bad position right now to try to do things but I will say on the investment side because of social media and being a influencer and getting likes
And all that kind of stuff the Young Folks are really good at that and from my understanding those the YouTubers and whatever they pay quite a bit of money for those who have uh they don’t even have to have necessarily a uh a really
Good topic per se I know one of our Fat Brothers he was recently on Cam Newton’s uh Freaky Friday um and brother Jordan he went up he went to UC Riverside and uh I follow him and look at his stuff and he talks about absolutely nothing I
Mean I I I went on and he he talks about you know if you put this stuff on my eyebrow make your eyebrow thicker or if you mix this and this it make you know make you get bigger or something and he has over a million followers but it’s
His presence he’s such a nice guy he gets paid quite a bit of money uh from that um so as far as a young person goes they have these new things uh coming out for you guys that you guys love and that’s what I think uh you guys
Are very good at but as far as investment goes it’s so expensive guys but I would definitely try to find like a little condo or something to maybe rent uh rent out to somebody um would be would be my advice so so Mr Jackson if I
Could just kind of tailgate on what you you just said um because I’m very interested in you know seeing young people get into real estate ownership learn what Equity leveraging is all about and figure out how to use that Equity leveraging to catapult their lifestyle and quality of their life to a
Whole new level so as we have young men in our social Gatherings and our social groups and we used to call them clicks you know when we came up and you know and the groups um but but now you know we have young people who who still come
To school uh come to college you know in the same groups and classes um and they progress through life the same way and and we need to educate them you know when they’re first coming in you know something about this thing called real estate because they’re they’re invested
The moment they cross over the threshold of the school because they’re paying into that dormatory as investment or Equity to somebody else and so you know having the Collegiate Gentleman on the phone uh it’s encouraging to hear you ask the question uh but to take the action now to get other brothers or
Other individuals or other classmates who want to get in ownership and start to create investment groups create investment groups led by professionals such as Mr Jackson or Mr Moore that way you guys can start to present yourselves as owners at a very early age and people will take the value
Of what you’re saying a little bit more seriously and allow you to get into the game of investing with them and grow your wealth but you have to take advantage of the numbers and the quantities um I mean there’s enough of you that could put together a $100 a
Month into a $100 a month investment club and create an incredible wealth to go out and just start buying houses you know a as a collegiate group so there’s all kind of means and methods that are available to you as a Young Man especially at your age to get involved
Now you know you you don’t have to have thousands of dollars because you’re you’re communicating with thousands of dollars every day right there on campus you know brother Jackson uh not brother Jackson Brother Gibson you wanna take the the last question gentlemen as you can see you know we’ve gone for over an
Hour and uh it seems like it was just five minutes ago so uh we hopefully have another longer conversation uh about this particular topic because real estate affects everyone on this car each and every one of us is living in a home and either we own the home we renting
The home or the home is an investment uh uh property so um brother direct as you can see there’s a lot of uh um interest in this and I really want to thank all the brothers that showed up tonight thank you so very much uh we had it looks like over 100
Brothers on this call and um you know I really want to thank you guys for showing up and listening to some of the information and again uh the gentlemen who presented tonight you can get in touch with them or if you have your own person hopefully you Garner some
Information tonight you might want to go ask the person in the area where you’re living some of the some questions based on what you heard tonight so uh Brother Gibson could you uh give us our last question and before we bid everyone good night all right um I just want to say
Thank you to honorable brother Carter Brother Moore brother Jack brother director Jackson and Mr Plumber for the dynamic conversation tonight there was a wealth of information that was shared in reference to real estate if you guys have any questions please feel free um to email these individuals um they will be more than
Happy to answer your questions on the side um and before we end um I just got a couple of Shameless plug not Shameless plugs a couple of plugs that I want to throw at you guys U for those brothers that are on the call that are um members
Of 58 Sigma fraternity um through our partnership with um the National Association of real estate brokers which is NB we have put a survey that um that you guys we want you guys to fill out that will help naab be able to facilitate various workshops within your respective regions based on the surveys
Um also February 26th um through our partnership with NRA we will we will have the first installment of our virtual wealth building series and the first um series topic will be what to do with Big Mama’s House what what to do with Big Mama’s House
And that will be um 7 PM Eastern and 4:00 P PM um Pacific time I will be getting the information out through International headquarters so check your emails as well as your Regional bigger and better business directors will be filtering out that information so again guys
I thank each and every one of you for being on the call we had our International first vice on the call as well as our International Treasurer as well as various bigger and better business Regional and state directors on the call so we thank you guys for joining in our conversation tonight and
With that being said if there are no further um questions for the good of the order you guys have a blessed night thank thank you appreciate you Brothers appreciate you Brother Gibson thanks for the opportunity many many more come thank you guys for attending appreciate
It hey Mr gon before you cut it off real fast there was a few questions in the uh in the chat people wanted to know uh they could actually save that chat if they hit those three buttons down at the bottom of the chat where it says more
And they can save the chat and whatever information they saw in there such as phone numbers email addresses or other comments that they wanted to keep just hit save chat and it’ll put a note into their uh into their computer and they’ll be able to find it awesome awesome appreciate you Brothers allowing
Us to
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