biggerpockets-podcast-455:-mixtapes-to-millions-in-real-estate-with-dj-envy-and-cesar-pina

BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina

You’ve possibly heard of The Breakfast Membership, the morning radio repeat in over 90 markets that covers the entirety from hip hop culture, to critical person gossip, to politics and extra. Must you’ve listened, it’s essential to look DJ Envy’s yell. He’s right here right now time alongside sms-lån norge his associate Cesar Pina, to chat actual estate, seminars, and industry.

DJ Envy grew up in Queens, Recent York, and became neighbors sms-lån norge a winning DJ. After he heard how noteworthy cash DJs had been making sms-lån norgein town, he determined to originate up DJ-ing himself, and started releasing mixtapes. As his success grew, he started working for a radio put and landed a morning repeat, which later grew to turn out to be is nasms-lån norge The Breakfast Membership.

After seeking to search out his first dwelling and later selling it attributable to a long commute, Envy walked away sms-lån norge round $80,000. He became hooked, and knew that actual estate became a long-term way for him to manufacture his wealth and make success for him and his family. He started off seeking to search out a residence each and every year and selling it a year later, then sold some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to bag extra into actual estate, so he became presented to Cesar.

Cesar became serving time in penal complex when he first learnt about actual estate investing. Once he became launched, he determined to soar in. He sold single family homes, then little multifamily homes, then went on to commercial structures. Now, he owns bigger than 1,600 units and flips wherever from 60 to 80 homes per year! His new e book, Flipping Keys, comes out later this month.

Cesar and Envy grew to turn out to be an unstoppable duo, and now they’re teaching others how they could capture rentals and flip homes. They leer this as a components to abet their community and let those that could effectively be blind to actual estate investing possess a extensive gamble at success and financial freedom.

Brandon:


Right here’s the BiggerPockets Podcast, repeat 455.

Envy:


I got so as to relate, “You know what? I became in a living to educate a community put money into properties.” We had been in a living to educate anyone that had no clue and give them inspiration. And the supreme feeling is in case you hear anyone’s mom hit us and yell, “Hey, my son became 22. He became an F-up, and now he’s into actual estate because he came to your seminar.” Or a baby that had no clue and became renting for 20 years, and be like, “I don’t want to be like my mom. Are you able to educate me?” And that’s what we’re doing.

Intro:


You’re paying attention to BiggerPockets Radio. Simplifying actual estate for investors paunchy and little. Must you’re right here seeking to learn about actual estate investing sms-lån norgeout all the hype, you’re sms-lån norgein the coolest space. Protect tuned and be definite to affix the hundreds of hundreds of others who possess benefited from BiggerPockets.com. Your dwelling for actual estate investing online.

Brandon:


What’s occurring all people? It’s Brandon Turner, host of the BiggerPockets Podcast, right here sms-lån norge my co-host, Mr. David, I’m so inexperienced sms-lån norge envy of you, Greene. What’s up, man? The components you doing?

David:


What’s up Brandon? Thanks for that. I’m doing extensive, man.

Brandon:


Our guest right now time is DJ Envy, who it’s essential to know from the paunchy immense following famend morning radio repeat known as The Breakfast Membership. They’re immense. Syndicated in over 100 stations. They’re one of many largest radio reveals on your entire world. And then Cesar, which is his actual estate guy. And their reports are so extremely high quality and fine and generous. So you’re going to hear all about that right now time, about both of them. Envy talks about one of his deals he sold. It became $12 million, sold it for half that noteworthy and now it’s long gone aid as a lot as nearly the build the long-established rate became. I mean, passable hundreds of hundreds of bucks of increase there. Truly, one of many gents surely realized invest whereas in penal complex, you’re going to hear that narrative, crazy-generous narrative. So I have confidence you guys are going to love this episode right now time.

Brandon:


Nonetheless sooner than we bag to that, let’s bag to right now time’s instant tip. This day’s instant tip is easy. We focus on this sms-lån norgein the repeat rather bit right now time, nonetheless it surely’s one thing to manufacture wealth for your self, that’s extensive. You and your family, generational wealth, that’s fine. Nonetheless I want to aid all people to passable think, how can I pay this ahead to extra other folks? How can I let extra other folks know about the power of actual estate? Whether I focus on it, whether you’re meant to some day write a e book, or some day you’re going to head and originate up a podcast, whether you’re going to passable put up on your Facebook, actual estate stuff. Whatever it’s miles, how will you give aid to those other folks that are available that are thirsty?

Brandon:


I’ll narrate you an even narrative. I as soon as spoke at a neighborhood excessive college out right here. A neighborhood excessive college aid, I don’t know, three months sms-lån norgein the past, four months sms-lån norgein the past. And I surely idea I didn’t put that generous of a job. It became weird as a result of COVID. I’m carrying my cowl. I couldn’t read any of the kids because all people’s carrying a cowl. And I passable felt overall I didn’t reach anybody at all, by any capability. They passable couldn’t care less about actual estate.

Brandon:


Anyway, the day previous to this I’m sms-lån norgein the car car parking lot, surely at Target, my wife’s inner Target grabbing something. And this kid knocks on my window, and I roll down the window, and he’s like, “Dude, you’re that guy that spoke at my college.” And I became like, “Yeah, that’s me.” And he’s like, “I sold a bunch of your books, and I’ve been paying attention to your podcast. I practice you on Instagram. I’m going to put actual estate, and I will’t wait to bag in it.” And he became paunchy excited, and I became like, that’s frosty. And it’s passable one existence, perfect? Nonetheless that’s passable my longer than a short tip message for all people right now time is you by no technique know whose little existence it’s essential to impact, so focus on actual estate. Discuss what you’re doing.

David:


We leer from our friends right now time that the desire to aid other folks led to an extensive industry that I’m definite helps them in lots of techniques, makes them higher investors, earns them earnings, will get deals coming their way. I’m definite that deals reach their way by way of the funnel that they created sms-lån norge the way of passable we want to aid other folks. So, in a capitalistic environment, it’s essential to effectively be positively benefited by serving to extra other folks. I have confidence that that’s something to accept as true sms-lån norge in mind.

Brandon:


Time to bag into the repeat. Prolonged sufficient introduction right here. Let’s raise in our friends right now time, DJ Envy and Cesar Pina. All perfect Envy and Cesar, welcome to the repeat, guys.

Envy:


Thanks for having us, man.

Cesar:


The components you guys doing? Thanks for having us.

Brandon:


It’s an honor to possess you ever guys, surely. It’s fine. So let’s soar into your narrative rather bit. We’ll originate up sms-lån norge you, Envy. By the sort Envy, finest technique to call you Envy, no longer DJ Envy?

Envy:


No, Envy’s goal.

Brandon:


Okay. All perfect. We’re going to head sms-lån norge Envy. Whisper us about your self rather bit. How put other folks know you? Let’s originate up there. How put other folks know you?

Envy:


I’m a baby from Queens, Recent York, and I’m passable like any diversified kid rising up. I didn’t possess lots, nonetheless didn’t want lots. My neighbor at the time became a DJ, and I didn’t know what he did. All I knew is he drove take care of autos and had fine jewellery. So one day after I became staring at for the college bus, I stopped his car and I became like, “What put you put?” And at the time it became a Honda Accord. Now, after I became rising up, a Honda Accord became the entirety. That’s what you wanted. That’s what you lived for. And he had a Honda Accord, and I requested what he did, and he advised me to reach aid by his dwelling after college. So after college I came to his dwelling, and I idea he became going to be selling treatment, something unlawful, and he advised me he became a DJ.

Envy:


And at the time I didn’t know who he became. He advised me his DJ title and his title became DJ Clue. And at the time, other folks didn’t know who Clue became because all he mature became the request label image on all his mixtapes because he became taking half in all these other folks’s information and didn’t want anybody to know his face. And I became bootlegging his tape in excessive college, selling it, and I didn’t know. And he presented me into DJing, and advised me what to bag, and what to put, and the rest became history.

Brandon:


Now, I read something that it’s essential to effectively be a mixtape DJ. What does a mixtape DJ put?

Envy:


Before Spotify and Apple Music and SoundCloud and all this, there became nowhere to bag mixes. So it’s essential to want to possess interplay it from bootleggers, African bootleggers, mom-and-pop stores, and even document stores, the build DJ’s would bag their very bear mixes. Me, Clue, Drama, DJs like that and that’s how we would promote. And we would promote hundreds and hundreds and hundreds of copies of mixtapes. And we would promote bigger than lots of the artists that came out because now if a artist comes out, somewhat than passable getting one single you bag his finest single on my mixtape, then you DMX’s finest single on my mixtape and it Jay-Z’s finest single on my mixtape. So we had been selling so many units and that became idea to be a mixtape.

Brandon:


That’s awesome. So how did you hurry from that to the host of The Breakfast Membership now, one of many guys on there, and the build’d that transition reach from?

Envy:


I became on Hot 97 in the starting up build and I became passable a mixer. And I wished extra. I wished to put extra. I wished to passable be bigger than a mixer. So I requested can they educate me turn out to be a host they assuredly mentioned definite. So in the starting up build I became seeking to chat generous. “Hello, right here’s Sean.” And they became like, “Nah. Appropriate be your self and you know put issues it’s essential to put.” And that’s what I magnificent noteworthy did and I did Hot 97 for roughly eight years and I did mornings and I wished extra. And they didn’t possess extra. They couldn’t offer me extra. So at the time, Energy 105, the put I’m at now, became manufacture of like a sinking ship. It became the 2d put. No one became surely messing sms-lån norge it. And they made me a proposal, made me a deal. So I went over there. I started doing afternoons and the entirety became generous, nonetheless they wanted a morning repeat. So that they requested me would I put a morning repeat. I mentioned, “Hell no.” They equipped me some money. I mentioned, “Hell no.” They of me some extra cash and I mentioned, “Sure.” And it became alleged to be my morning repeat in the starting up build, nonetheless I didn’t desire a morning repeat because I became like, “If it does it work, the build put I’m going after this?”

Envy:


So we came up sms-lån norge an belief to make a collective. We precipitated Charlemagne, we precipitated Angela Yee, and we came up sms-lån norge all these diversified names. Illuminati sms-lån norgein the morning, the paunchy three, and all these diversified issues. And anyone came up sms-lån norge the postulate of The Breakfast Membership and it stuck and 10 years later we nonetheless right here.

Brandon:


I adore it. You guys are syndicated round what? Over 100 stations now or something like that?

Envy:


Yeah. Over 100 stations now and abroad, the militia stations, and it’s extensive. It’s a blessing.

Brandon:


So the identical three other folks that you simply based mostly it sms-lån norge had been the identical that you simply’ve had your entire time?

Envy:


Hasn’t changed. 10 years. We made it into the radio hall of reputation final year.

Brandon:


[crosstalk 00:07:37].

Envy:


Nonetheless no, hasn’t changed. The identical three members and we’re nonetheless rocking.

Brandon:


All perfect. So who’s DJ Minute?

Envy:


DJ Minute is my title. In excessive college I became 5’2″. I’m 6 foot now, nonetheless I became 5’2″ in excessive college. So after I started DJing, it became me and my friend at the time. I became DJ Minute, he became DJ Mono, and collectively we had been Envy Manufacturing. So the excessive college that we went to we always mature to relate other folks envied us so we had been known as Envy. We weren’t making no money. So he advised me one day, “Behold, I don’t want to do that no extra. I’m into girls. You are making an try this.” So I passable saved doing it and saved doing it and at any time after I would raise a tape, it would yell Envy on it because it became both of us. So the African Bootleggers who would promote became like, “You purchase the new Envy? Oh, Envy’s right here.” And it passable stuck. Thank God or you’d be calling me DJ Minute perfect now.

David:


Exactly.

Brandon:


One extra narrative David and I even want to drag out of you right now time sooner than we soar over ask Cesar and we’ll bag into actual estate rather bit. I heard you got a gun pulled on you from anyone famend at one point. Whisper us about that.

Envy:


Yeah. Nas. And Nas hates after I narrate the narrative, nonetheless Nas pulled out a gun on me. Right here’s after I first started doing mixtapes. I mature to capture my mixtapes in my e book procure and raise them to diversified stores and mom and dad stores and I leer Nas. One day Nas became by Jamaica Avenue the build it’s essential to hurry capture your footwear, your sneakers, your attire, your mixtapes. And he had, I consider, a white Lexus GS and he had a girl sms-lån norge him. And I seen him. I’m like, “That’s Nas. Now, being from Queens, Nas is all people’s idol. So I’m working as a lot as him, “Nas, I got something for you. I got something.” So I’m reaching in my procure to bag a mixtape and by the time I pull a mixtape out he has a gun on me.” Be pleased, “What you got for me? What you got?” I’m like, “Whoa. Right here’s a mixtape. I say, right here’s only a mixtape.” And then he took the mixtape and became like, “Don’t play like that man. You know these streets are actual.” And he got in his car and took off.

David:


Does he consider that? Own you ever talked to him about it since?

Envy:


At any time after I consult sms-lån norge him about it, the narrative comes up and he hates after I narrate the narrative. He became like, “Envy, that became 20 years sms-lån norgein the past. I’m a diversified guy.” I’m like, “Yeah, nonetheless I’m nonetheless traumatized.” Now, I by no technique hurry as a lot as anybody and be like I got something for you. I’m going sms-lån norge my hands up. “I even possess something for you.”

David:


So he does consider that too then?

Envy:


He does consider it. Fully.

David:


Yeah, that’s awesome.

Brandon:


All perfect. So let’s let’s soar over to Cesar. How’d you bag linked sms-lån norge Envy right here?

Cesar:


A friend of mines, his title is Nitt Da Gritt, he owns the put the build Fetty WAP is signed to. He’s the one who realized Fetty WAP in Paterson. I’m from Paterson. And he did the introduction between me and Envy.

Brandon:


And I read that you simply put somewhat a few actual estate stuff, perfect? You’re magnificent sizzling and heavy in that.

Cesar:


I’ve been doing actual estate now for roughly 15 years. And me and Envy been doing actual estate seminars since we met about two years sms-lån norgein the past, two and a half years sms-lån norgein the past. To be upright sms-lån norge you, it became by no technique in my cards to be a public speaker. I met Envy. He advised me that I had a extensive narrative and I would encourage somewhat a few other folks and we started doing seminars.

David:


Yeah. So let’s hear about that narrative. Where’d you reach from? How did you bag into this actual estate game?

Cesar:


I’m a avenue guy. I’m self-skilled. So I stopped up doing somewhat a few issues I wasn’t alleged to after I became younger. I stopped up in penal complex. Before I came out, I met a man in there and he advised me about actual estate. I came dwelling. I got into actual estate since then. I’ve been doing it for 15 years. I started sms-lån norge the smaller properties, your two, three, four family homes. Then I became in that dwelling for a whereas. Reduction in ’08 when all people became working away from actual estate, that’s after I jumped in. And I started sms-lån norge the smaller properties, flipping properties, extra condo properties, got into commercial properties. Then saved on going, saved on going. Now now we possess got about 1,600 condo units on your entire US and we flip about 50 to 80 single family homes a year. And now we’re also establishing bigger structures. A 50 unit, a 60 unit, a 80 unit, and a 100 unit.

David:


That’s awesome.

Cesar:


We’re in Recent Jersey, Atlanta, Florida, and Chicago.

Envy:


And Detroit.

Cesar:


And Detroit.

Brandon:


Yeah, that’s awesome. And in addition you got a new e book, Flipping Keys, perfect?

Cesar:


Yep.

Brandon:


I want to be definite that that we scoot that thing. There we hurry. That’s awesome.

Cesar:


On hand in Barnes & Agreeable, Amazon, wherever books are sold.

Brandon:


Very frosty.

Cesar:


It’s doing thoroughly. Amount 1 actual estate e book. Amount 1 new originate. I have confidence I became no 1 over the weekend too, money and finance. A entire bunch of categories I didn’t even know existed.

Brandon:


Yeah, that’s awesome. Yeah, I checked it out this morning and I idea yeah, it had the little no 1 bestseller. That’s awesome. Yeah. You’re crushing it there.

David:


Cesar, I even possess a request for you. Must you first started in actual estate investing, clearly there became a switch that got flipped and you took it to be surely paunchy. Attain you consider if there became a pivotal point the build something clicked or you realized, “Oh, right here’s the sort I’m going to put it,” and you went all in?

Cesar:


Be pleased I mentioned, I’m self-skilled. The fellow that I met in penal complex, he ended up having to put one more seven years. So I became only sms-lån norge him for perchance a year. So I came out and I started studying the entirety on my bear. So after I first started I didn’t possess any money, so we needed to promote our car, I pawned my wife’s engagement ring, pawned our jewellery, the entirety passable to bag that first deal completed. So year one and two had been possibly the toughest because at that point I would have interaction all the money that I had, capture one property. Till I sold that property or refinanced that property, I didn’t want to any extent extra cash to possess interplay properties to play sms-lån norge. So year two, this guy known as me up and he mentioned, “Hey, you’re doing it the inferior way. OPM, diversified other folks’s money.” And that’s after I realized about non-public financing and laborious money loans and leverage my money, which is one of a actually worthy issues in actual estate is leveraging your money. Easy leverage so that it’s essential to well capture extra. So after that took place, that’s after I went from doing two to some deals a year to doing 20 to 30 deals a year.

Brandon:


That’s awesome. What manufacture of artistic suggestions possess you ever fascinated by? I mean, the laborious money. Own you ever completed diversified issues as effectively?

Cesar:


All of it depends on the deal, nonetheless magnificent noteworthy … When I first started aid in ’08, it became magnificent noteworthy manufacture of just like the Brrr technique that all people talks about. I became aid properties, 60,000, 80,000, inserting 30,000 or 40,000 into them. Fixing them, renting them, refinancing. Taking that money out, that new equity, and seeking to search out extra property. And I became in that dwelling for roughly 10 years. Nonetheless again ,every actual estate market modifications and we’re no longer in that dwelling anymore sms-lån norgein the tri-assert space. When I first started I became seeking to search out properties wherever between 40,000 to 100,000. That doesn’t exist perfect now. The market’s on fire.

Brandon:


Yeah.

Cesar:


So that became the dwelling I became in aid then. So passable by studying stretch my money, seeking to search out extra sms-lån norge less, using non-public financing, that’s how I got ahead.

Brandon:


All perfect. Let’s soar aid over to Envy and ask the build’s your ardour in actual estate lie? I know you focus on actual estate lots. Where’d that reach from, this belief of actual estate investing and generational wealth in usual? And then what does that watch like right now time for you? What’s your relation to actual estate?

Envy:


Preferrred. Well, Cesar has over 1,600, conclude to 1,700 doorways. I even possess 134 doorways.

Brandon:


That’s awesome nonetheless.

Envy:


I’m far sms-lån norgein the aid of him, far sms-lån norgein the aid of him.

Brandon:


You’re passable getting warsms-lån norge up.

Envy:


Appropriate getting warsms-lån norge up, yeah. What took place became after I sold my first dwelling I got my first look at. And I’m from Queens and I couldn’t afford the rest conclude to Recent York. I needed to are living in a town known as West Milford. Must you’re no longer from Recent Jersey, right here’s the build they taped Friday the 13th. It’s woodsy, lakes. That’s the build they magnificent noteworthy taped it. So what harm up taking place became I would DJ at evening and then want to force dwelling and I would doze off. So I couldn’t are living there anymore. So I sold the property inner four months and I have confidence in four months I made $80,000 selling that property. And I became like, right here’s … At the time, this became bigger than I became making a year. I’m like, right here’s extensive. So that’s what I started doing. I didn’t know the rest about actual estate. Be pleased Cesar mentioned, I became so skilled when it came to actual estate. I had no clue. So I became doing all of it inferior. I became surely seeking to search out a property, living it, then selling it and then I’d want to switch the entirety to one more property. Nonetheless each and every year I became doing this, it became doing extensive.

Envy:


So 365 days, I sold two properties and the market fell. And I passable consider having three mortgages and no longer that no one wanted to possess interplay the properties nonetheless no one could bag mortgages and loans. So I became doing the entirety. I became doing Bar Mitzvahs. I became doing … What’s the Spanish sweet 16?

Cesar:


Quinceañera.

Envy:


Quinceañera. Anything I could effectively be in a living to put to bag money, I became getting cash to possess interplay these properties. And I harm up selling them at final and I became like, “You know what, actual estate is no longer for me. I don’t adore it.” Angela Yee, who’s a coworker sms-lån norge me at The Breakfast Membership, she had a boyfriend in Detroit and became like, “Hey Envy, there’s these homes in Detroit that are going for like 10,000, 15,000. You surely have to nonetheless watch at it. They’re downtown. It’s no longer far.” So I sold three of them. I sold three of them. I didn’t know what to put sms-lån norge him and I passable magnificent noteworthy paid the taxes. I found a contractor in Detroit and I began to make exercise of him and that became a anxiousness. I consider going to one of many dwelling and he had lavatory tile on the principal bedroom wall and I’m like, “What is this?” And he became like, “Well, that’s my sort.” I’m like, “I’m no longer paying you for your sort bro.”

Envy:


So I manufacture of closed up shop. And I didn’t know what to put. So I passable saved paying taxes. I passable saved paying the taxes. And Nitt Da Gritt, who’s the person that Fetty WAP is signed to became like, “I got a man want you to meet. He does actual estate.” And now, at that the time, all people does actual estate. You promote one dwelling, you put actual estate. So I manufacture of brushed it off and then he became like, “No, I surely want you to meet this guy.” So I went to his space of job, which became Cesar, me and my wife, and he became like, “Yeah, I even possess all these properties in Paterson and this, that, and the diversified.” And he’s like, “Let me repeat you.” I became like, “All perfect.” I became like, “I’ll practice you and you force.” He became like, “No, or no longer it’s miles very important to bag in my car so I will repeat you.” So my wife is standing sms-lån norgein the aid of him like, “Nah, we don’t know him. Nah, we’re no longer getting into into his car.” And I’m like, “I could practice you.” He’s like, “No, or no longer it’s miles very important to bag in my car.” So I’m like, “All perfect.”

Envy:


So me and my wife bag in his car and we originate up touring. He begins showing us all the properties he has. What he owns, what he purchased, what he did, how he did it. And he became like, “Right here’s what I put.” And I became like, “Well, I put the identical.” And he became like, “I want to offer aid to.” And he started telling me a fable and I became like, “We surely have to nonetheless educate other folks put it.” And we started diversified seminars and webinars and we would possibly leer that somewhat a few other folks that watch like me had been charging other folks like $10,000 to educate them put actual estate and charging 15,000 and 7,500 and 30,000. And I mentioned to Cesar, I became like, “That’s no longer perfect. I’d somewhat other folks have interaction that 10,000, put it into a property and resolve it out.”

Brandon:


Sure.

Envy:


So we mentioned let’s originate up doing … And we surely started doing seminars passable to piss those other folks off. Be pleased passable to assuredly yell F you. Equivalent to you’re no longer going to put that. And we only expected like 50 other folks at the seminar that we did. And the key one we did it became like 1,500 other folks. The 2d one became like 2,000. Then 5,000 and 10,000 and then we passable started touring and surely teaching other folks put actual estate. Nonetheless no longer only that, we would raise all people there. So we would raise credit ranking restore. We could raise a laborious money lender. We could raise a usual lender. We could raise contractors. We could raise an attorney. We could raise all these other folks and repeat to them what these other folks did and then sms-lån norgein the event that they wanted to refer to sms-lån norge the other folks it wasn’t like, “Aha. Well, whilst you rep to pray to refer to sms-lån norge them it’s an extra 5,000.” No, it wasn’t that at all. Must you rep to pray to refer to sms-lån norge them, sure, hurry consult sms-lån norge them. That’s their job. And we manufacture of made a title by doing that and surely serving to the community learn to put money into actual estate.

Envy:


And now we possess got so many calls of parents that passable sold their first dwelling or had been renting for 20 years and by no technique knew that they could put it and that’s surely how we got into it. And at the identical time, I passable saved seeking to search out actual estate and seeking to search out actual estate and we sold a college and we’re turning that into a 70 unit constructing and we passable saved going like that and that’s … In song, there’s no longer any such thing as a retirement. It’s no longer like I even possess a retirement fund. There is no longer any such thing as a retirement. Must you peep artists, DJ’s, nothing like that. It’s predominant to resolve it out on your bear. So this became my retirement. The true fact that I will possess 130 units and that money is available in for the rest of my existence. Whether I yell something crazy on your podcast or yell something crazy on the radio, it doesn’t matter because no one knows the homes that I bear and that money continues to reach aid in. So even after I’m long gone, my kids can nonetheless bag money and I always reduction other folks to surely watch at actual estate.

Envy:


I’m no longer passable asserting passable sms-lån norgehold it one thing on your portfolio, nonetheless that’s something that continues to raise generational wealth and continues to raise wealth regardless of what occurs, regardless of how atrocious it’s miles outside, regardless of if I lose my job, regardless of if I will the club and bag drunk. It doesn’t matter what I put because that money will proceed to reach aid in.

Brandon:


That’s so generous. So it’s miles moving why you take care of actual estate so noteworthy. I mean, we all take care of actual estate. I’m also weird, what on your past or what about you makes you so fired up educate diversified other folks? This capability that of there’s somewhat a few other folks available who passable take care of actual estate. And then there’s something that about some other folks, I mean like me and David right here and clearly you two, that claims, “No, we want the rest of the sphere and about this too.” What put you guys think? Be pleased what brought that in?

Envy:


For myself, it’s seeing other folks that watch like me so as to put money into actual estate and so as to bear their very bear property. Cesar’s Spanish. I’m dim. So when we hurry and we’re bidding on homes, we by no technique leer no one that appears to be like us. And we always yell why? Or we hurry to areas, whether it’s Brooklyn, whether it’s Harlem, whether it’s Paterson, whether it’s Detroit, whether it’s Chicago, whether it’s ingredients of Florida, and these are the areas the build we’re from and we’re living nonetheless you leer it being gentrified and we’re seeing other folks that don’t are living in our neighborhoods, nonetheless are taking perfect care of our neighborhoods higher than us. Shopping for our neighborhoods up, and then the price goes up the build we’re pushed out and compelled out. This capability that of nine conditions out of 10, somewhat a few us are renting. So teaching us put it. Same way. You don’t want 100,000 to construct down. There is something known as a FHA the build it’s essential to bag a loan. There are grants that could present aid to out. And surely seeking to educate our other folks put it. I’m generous. I’m winning. I even possess money. Cesar’s generous. He’s winning. He has money. Nonetheless what’s your legacy going to be? I got so as to relate, “You know what, I became in a living to educate a community put money into properties.” We had been in a living to educate anyone that had no clue and give them inspiration. And the supreme feeling is in case you hear anyone’s mom hit us and yell, “Hey, my son became 22. He became a F-up and now he’s into actual estate because he came to your seminar.” Or a baby that had no clue and became renting for 20 years and be like, “I don’t want to be like my mom. Are you able to educate me?” And that’s what we’re doing.

Brandon:


No doubt one of our biggest reveals ever, I have confidence it’s surely possibly a biggest repeat of all time, Ashley Hamilton from Detroit. A single, younger, dim mom who mature her tax return money each year to possess interplay a property and fix it up and then hire the article out. And over the course of a decade she became in a living to bag entire financial freedom off doing that.

Envy:


I like that.

Brandon:


Yeah. It’s so generous. Yeah, it’s no longer taught that broadly and you’re perfect, after I will an auction and there’s 50 guys that passable like me. And it’s no longer as broadly taught.

David:


Brandon, the build are you finding wizard auctions?

Brandon:


Wizard?

David:


Yeah. That’s what you watch like.

Brandon:


All people appears to be to be like like me, like Gandalf wizard?

David:


Sure.

Brandon:


Yeah. Yeah, precisely. Okay, perchance no longer precisely like me. I put possess a diversified watch to it. Nonetheless all perfect. So, the build put you guys leer your self headed in actual estate? I don’t want to exhaust this entire repeat talking about actual estate clearly, nonetheless the build put each and every of you guys leer this headed sms-lån norgein the future? Where put you rep to pray to bag to?

Envy:


When I first started, all I wished became 20 units. That’s all I wished. And then 20 became to 50, 50 became to 100. And now I’m at a degree the build I passable want my kids and my family to be generous. As noteworthy as other folks detest Donald Trump or detest the Rockefellers or detest regardless of, I respect the truth that after I force in these diversified areas and cities you leer his title plastered all on structures he owns. And I desire that to be for myself. I want to seem my title on structures that I bear. I want to be definite that that that my kids are all … The true fact that anyone could reach to their father yell, “Hey, I desire a million greenback loan.” I couldn’t reach to my dad and be like, “Dad, I desire $100 loan.” My dad would be like, “Well, you higher hurry bag a job.” You know what I mean? Nonetheless I want to aid my kids to put that like my daughter who started her first year at NYU, she made me pleased because her principal is actual estate.

Brandon:


That’s frosty. That’s awesome.

Envy:


No longer too many colleges offer that though. I’m no longer going to lie. Nonetheless she became in a living to search out a college and she or he’s in a living to learn from dad. She’s in a living to learn from Uncle Ces. And she or he’s in a living to possess interplay the a actually worthy classes. Nonetheless that’s what I’m surely encouraging other folks to put. Be pleased there’s employee bees available and the other folks that are going to work for the rest of their lives. Nonetheless I also want to surely push other folks to invest and surely to make that financial freedom so that it’s essential to put what you rep to pray to put. Must you rep to pray to be in sanitation and you rep to pray to turn out to be a garbage man, that’s goal. I desire you to. Nonetheless I desire you also to be definite that that that if something ever occurs you will need got money coming in.

David:


Did you guys bag that malicious program the build the key time you took all this money that you simply earned and you invested it into something that made it bigger, that something switched the build you passable got addicted to that? Appropriate I passable want to construct all my money into this thing. Did you will need got a the same ride?

Cesar:


What makes me the happiest is passable inserting a deal collectively and seeing a deal conclude from starting up build to extinguish. So passable that first deal that I did, that first property, and after that man, it became passable like an dependancy. I passable saved on and on and on. When I first started, me my wife focus on it typically, I mentioned I wished to bag $5,000 a month in condo earnings. That’s what I wished. And then it went from 5,000 to 10,000. Then asserting, “You know what, let me hurry 20.” Then from 20 to 50 to 100 and so forth up to now. I don’t want to blow their very bear horns. Nonetheless it surely passable retains on. sms-lån norge actual estate, there’s so many more than just a few techniques that it’s essential to well hurry, from residential properties, commercial properties, developer, that there’s surely no retirement. And the article about actual estate, especially in the case of condo earnings which is the article that we push essentially the most, is in case you suspect about the entirety and write each profession, both whilst you’re an athlete, an attorney, a physician, you’re a cop, a fireman, finally you profession will extinguish. So your earnings and your salary received’t be the identical.

Cesar:


Nonetheless whilst you will need got condo properties, condo earnings is forever and it goes all the sort down to your kids. And each and every year you lift the rents, so your cash drift grows each year. And it’s one of many one issues that it’s essential to be financially catch sms-lån norge.

Brandon:


Trust it like little oil wells, the build every property you capture is rather oil effectively. It’s pumping out oil from the ground. And in addition you build all this work and you by the one and you capture the 2d you by the third and all people’s now passable pumping oil. Must you die sometime your kids bag all those oil wells. And sms-lån norge most up-to-date tax regulations, the kids bag it at a stepped up tax basis and don’t want to pay any taxes on all that. That can perchance change, nonetheless it surely’s passable so-

David:


Well, that’s why I became questioning whilst you guys had that vibe. This capability that of I consider the key time that it clicked sms-lån norge me. I felt like money’s coming in from condo property or money’s coming in from work. Nonetheless it surely hits you diversified in case you know you didn’t hurry change time for that money. There’s this sense of I did all this work and I even possess this thing that would possibly now passable sms-lån norgehold on paying, that for me grew to turn out to be the availability of my dependancy. I passable wanted to bag an increasing selection of of those because there wasn’t a connection between me getting up, driving to work, punching a clock to bag that money. It became, I already did a bunch of that work, now it’s passable going to reach aid in. Envy, became it the same for you or became it something else that became driving you to bag into this?

Envy:


It became positively that. It became vivid that my kids would be extensive. And I narrate all people typically between the key and the fifth when those envelopes reach, and it would possibly possibly even be a little dwelling that I bear and it’s $1,000, that $1,000 technique extra to me than my paycheck because I surely feel like I worked even more challenging for that. Be pleased right now time, they passable gave me a bunch of envelopes and you’re like, wow, like I didn’t want to put the rest. I already did the work for it and it’s miles available in every first by way of the fifth. Even sms-lån norge me, I’m blessed sufficient the build for me I don’t want that money. So when that money is available in, it goes perfect aid out to one more-

Cesar:


I got a envelope perfect right here.

Envy:


Envelope perfect there.

Brandon:


Yeah, there you hurry.

Envy:


[inaudible 00:27:21] avenue is sms-lån norgeout doubt one of many properties I bear. Nonetheless when it’s miles available in, it goes perfect aid out to one more property. So for myself, it’s what else can you put? Cesar’s patient. Whisper you a short narrative. I sold a residence. The particular person that sold the dwelling sooner than me, it became 12.8 million. I became in a living to bag it for 5.4. Nonetheless the dwelling became possibly … When I yell, I possibly lost all the hair on my head, if I even possess any hair left, I possibly became grey because it became passable stressful. And he became like, “Envy, we’re gonna bag the dwelling. Appropriate be cautious. Appropriate be nonetheless.” And I’m like, “No. I passable can’t have interaction this no extra.” And then he became like, “Must you bag the dwelling, it’ll all be price it.” And we passable did a cost. What became it valued at right now time?

Cesar:


9 million.

Envy:


9 million. I paid 5.4 for it.

Brandon:


Yeah. When’d you capture that?

Envy:


Purchased it February 2020.

Brandon:


Oh, wow. That’s technique to bag some equity. That’s amazing. And what’s humorous about actual estate surely, you hit on a terribly critical point right here, is passable that in case you’re sms-lån norgein the midst of it and you’re going by way of the drama and the stress … And we’ve all been there. All four of us had been there perfect? We’re passable like I’m passable going crazy and I want to drag my hair out. And then you bag by way of it you want, “Oh, it became all price it.” It’s like that sms-lån norge nearly every industry perfect? It’s price it whilst you sms-lån norgehold that point of view longterm.

Envy:


Nonetheless that’s what I have confidence right here’s the appropriate Yin and Yang because he’s like that. Even regardless of what it’s miles now, he’ll be like, “Which it’s essential to want an scenario? Don’t fear about it. Let’s call this guy. We’ll focus on it day after as of late.” And my wife’s like, “No. We now want to know now.” He’s like, “We’ll have interaction care of it. I’ll call.” It’s nothing that’s going to force as crazy or extinguish us, nonetheless it surely always works itself out.

Brandon:


All perfect. So how put you guys’ wives play into your most up-to-date actual estate … And no longer even passable actual estate, passable your industry existence in usual. So the entirety you put. How fervent are they? What position possess they played? I’m weird of passable their position on your existence.

Cesar:


Well, my wife is magnificent noteworthy my associate. She’s keen about the entirety. I’m extra of the look at creator. She’s surely extra hands on. If it became as a lot as her, she would possibly be available fixing properties herself because her dad’s a plumber, her brothers an electrician. So I’m extra of the person that needs to pay all people put the stuff. She surely wants to bag her hands dirty. nonetheless she’s 100% fervent. She’s been sms-lån norge me for the rationale that starting up build. And the entirety now we possess got, we built it collectively.

Envy:


Yeah, my wife is my associate. No longer as hands on in actual estate. We’ve been married 20 years this Could well presumably also merely. Nonetheless she is my associate. She handles the funds. She handles the numbers. She handles the funds. I try to sms-lån norgehold her away sms-lån norge actual estate because she has very costly sort and somewhat a few conditions she doesn’t know the variation between a flip property and our actual dwelling. Be pleased she’s seeking to head bag chandeliers for a flip. Nonetheless that’s her. And I would yell one thing about his wife. After we present on properties, somewhat a few conditions we hurry watch at the properties sooner than we present on them and somewhat a few conditions of course, the doorways are closed. His wife is the person that breaks into the dwelling so we are in a position to head inner and leer it. She’s going to climb by way of the window. She’s going to wiggle by way of the bars. She’s going to MacGyver something to bag the door originate. That is his wife. She is precisely that. And she or he will get issues completed.

Brandon:


That’s awesome. What advice put you guys possess for those other folks that perchance possess a associate that’s no longer supportive of their actual estate or their ambitions to bag out of the existence that they’ve? They’re passable like, “Hey, I became raised blue collar. We could like to preserve blue collar forever. Right here’s what we’re.”

Envy:


That’s ideal because his wife didn’t imagine in the starting up build. His wife advised him to head bag a job. You rep to pray to reveal them?

Cesar:


Yeah. She tells me typically, “You’re a dreamer. You’re passable like your father. Plug force a cab.” This capability that of my dad’s got a few cabs in Recent York. The Yellow Cabs. The sms-lån norgeallions. Which, surely my dad wanted me to bag into the cab industry too and I selected now to no longer. And thank God I didn’t because now it’s destroyed. Uber magnificent noteworthy-

Brandon:


Yeah. Killed it.

Cesar:


Destroyed the cab industry in Recent York City. And all of them had been like, “You’re a dreamer. Blah, blah, blah. Salvage a job.” And I didn’t listen to them. Folks got to price, sms-lån norge actual estate it’s numbers. If the numbers bag sense, the numbers bag sense. Any place sms-lån norgein the nation. The most indispensable thing though, the rationale that we’re winning in actual estate is because we capture below market rate properties and add rate to them. We’re no longer teaching our seminar, capture properties at retail or over retail. Preferrred? That’s no longer what we’re teaching. You bag your money in case you capture. This capability that of that’s in case you bag your generous deal. So that’s a actually worthy thing is making an try to search out below market rate.

David:


You hit on a terribly generous point there as effectively, Cesar, that had you invested into the taxi industry you’d be in some trouble perfect now. There’s innovation in industry that it’s essential to’t foresee coming nonetheless it surely’s very laborious to seem something replacing actual estate. And I have confidence that’s another excuse we double down on it and surely why we’re okay getting prosperous slack. This capability that of actual estate on the total takes time. I mean whilst you capture perfect like you mentioned Cesar, it’s safer and it’s essential to bag some equity, nonetheless you’re assuredly no longer crushing it perfect off the bat like anyone who begins a originate up-up and it takes off. It’s passable so noteworthy safer than every diversified funding. I’m definite you guys possess other folks that are scared that’ll yell, “I don’t want to put money into actual estate. What if I lose my money? What if this occurs?” What’s one of the most advice you guys give other folks as in opposition to why you suspect right here’s an asset class that’s right?

Cesar:


Well, or no longer it’s miles very important to price something. When I first started, passable to give an instance, like you mentioned, it takes time. This capability that of there’s no such thing as in a single day success. Most other folks don’t rate that. They contain, “Oh my God, I seen this guy on Instagram. He’s winning from the day previous to this.” It doesn’t work like that. I’ve been doing this for 15 years. Nonetheless passable to give you an instance, after I first started my rents and Paterson, Recent Jersey had been $900 for a three bedroom residence. This day those rents are $2,000 to $2,500. So imagine, passable by me sticking to my imaginative and prescient and passable seeking to search out an increasing selection of properties the build I am right now time, because over time sms-lån norge actual estate your values passable sms-lån norgehold on going. And in particular sms-lån norge condo properties. My first take care of is condo properties. Yeah, I like flipping properties, nonetheless I have confidence condo properties is surely the key to longterm wealth passable because over time, each and every year you lift the rents. In Recent Jersey we would put 5% each and every year. So in case you put those numbers and you will need got 50, 100, 200 units at 5% every month, whenever you lift that hire in January, that’s a paunchy inequity as far as cash drift.

Cesar:


And the diversified thing is, in case you watch at any change sms-lån norgein the economy sms-lån norgein the final 10, 15, 20 years, rents by no technique hurry backwards. They always hurry up. It doesn’t exist the build you leer rents going backwards. It doesn’t happen.

David:


You’re precisely perfect. We seen that in 2010 when all the foreclosures had been taking place. Prices dropped and it’s essential to possess expected rents would plunge too. Nonetheless what took place is all these other folks that lost their dwelling wanted someplace to are living, and the other folks that didn’t lose their dwelling had the rentals and so request for hire surely went up. And after I watch at actual estate, I surely feel like there’s one achilles heel on your entire thing, one thing can bag it no longer work, and it’s whilst you don’t possess a tenant. This capability that of you got surely one earnings provide in case you will need got a condo property. Nonetheless we’re seeing that that passable doesn’t happen. Rents don’t hurry down, they hurry up as inflation goes up nonetheless your funds preserve the identical. At the same time as you leer how that clicks, there’s a sense of calmness and security that comes from investing in actual estate that sooner than you bag in you passable can’t surely leer that. You purchase all these what ifs occurring on your head. You guys get that’s an scenario for somewhat a few other folks you’re teaching?

Envy:


Yeah. That’s essentially the critical subject is the what ifs. Somebody will bag their credit ranking perfect. They’ll learn the sort noteworthy they’ll surely bag from a lender. They’ll get a property, nonetheless they passable don’t want to drag the trigger. And that’s essentially the critical thing is getting other folks to drag the trigger. And we passable try to aid them like, “Attain it. Which it’s essential to put it. So long as you’re getting the property for less than the price.” And we narrate somewhat a few other folks to do that. Especially first time patrons. Lift a two family or three family. Continue to exist one of many floors. Rent out the extinguish two. They pay your mortgage for free and you bag rather bit. Then in case you bag happy, hurry and bag the next property. And that’s what we reduction other folks so as that way they’re no longer alarsms-lån norge. This capability that of we narrate other folks typically, “You capture this property and you will need got a tenant, it’s possibly going to be way less than what you pay in hire anyway.” So we narrate other folks to bag that chance and lots of the other folks put that. They originate off sms-lån norge a two family or three family, they are living on one ground, hire out the diversified two and then they bag happy. They rate what it’s miles and then from there, they’ll soar and put it again. And that’s the build we surely surely feel generous nonetheless we positively push other folks to surely have interaction that soar and to put it.

Brandon:


My very first condo dwelling became a duplex. It became two homes on one lot. I lived in a single of the little homes sms-lån norgein the aid sms-lån norgein the alley. It became this crappy baby bedroom dwelling. Nonetheless I lived there for free and we nonetheless bear that property right now time. I’m surely going to promote now quickly passable because it’s preferred so noteworthy. Nonetheless that got me into actual estate. I didn’t want to pay a mortgage anymore because that diversified unit paid my entire hire. So then I moved on to one more one, rented that out, now I’m making $600, $700 a month in cash drift for years on that property. It became fine. Coincidentally, this has nothing to put sms-lån norge the funding, nonetheless we realized later it became Kurt Cobain’s childhood dwelling. Be pleased his baby dwelling. He became only a year celebrated when he lived there. Nonetheless anyway, that became random. Doesn’t put me the rest at all nonetheless a fun narrative to reveal on podcasts. Nonetheless anyway, passable manufacture of frosty.

Brandon:


So yeah, that became my very very first thing. And I narrate all people the identical thing. We call it dwelling hacking. Live in a single unit, hire the diversified ones out. Such an fine technique to bag started. All perfect, couple extra questions we’ll throw at you. To start sms-lån norge, let’s hurry to this one. What’s something that you simply each and every bag pleasure from doing that you simply by no technique bag drained of? What’s something on your industry that you simply’re passable like, “I like this thing. I’m this guy.”?

Envy:


sms-lån norgein the industry?

Brandon:


Sure. Yeah, on your industry.

Envy:


I like homes. I bag pleasure from homes. Properties and autos. That’s my two issues. So at evening after I will’t sleep, I’m homes and autos. You know what I mean? When I’m on a airplane, I’m homes and autos. I’m seeking to search out dwelling books and car books. These are the 2 issues that I surely, surely bag pleasure from. So that’s what I put. And if I bag an opportunity to look at at a residence, I like … We hurry watch at homes. It doesn’t matter if it’s the ishiest dwelling, if it has heroine needles all over the build. We’ve walked into homes that had ish on every ground. One time there became a man drowsing in a single of the properties we sold. One other time there became a man on the balcony. He had two chicks. He had a full relationship sms-lån norge it. These are the issues that I surely, surely bag pleasure from. So for me, it’s going to seem these homes. I adore it.

Cesar:


For me, I passable take care of inserting a deal collectively man. It’s passable the art work of the deal, which is one of my accepted books of all time. Nonetheless I passable take care of inserting a deal collectively from originate as a lot as put and getting the deal closed and getting other folks in there, renting the property or selling the property. It’s passable like a excessive for me.

David:


Attain you explore, Cesar, that that’s because you will need got a stronger artistic aspect and you bag to exercise it in case you’re inserting all the pieces collectively?

Cesar:


Well, passable like my wife known as me, I am a dreamer. So I surely could dream by way of the rest and dream about it and what the carried out product will likely be.

Envy:


And I would yell one thing that you simply mentioned about what makes … I call Cesar a genius. Be pleased the diversified day, we passable purchased a residence. And we stroll into the dwelling and the dwelling is … It’s a two family and a carried out attic. So we stroll in there and we’re the dwelling and seeing the work that have to be completed. And I leer Cesar sitting sms-lån norgein the corner passable making an try and calculating. And he has the mind physique to be like, “You know what, right here’s two floors, two bedrooms. I will only bag this amount of cash for that. I want to bag it a three bedroom.” And became in a living to resolve out, “You know what, we’re going to gash this wall, put a wall right here, put a door right here, bag it three bedrooms, this, that, and the diversified.” And somewhat than getting, let’s yell, $1,800 a month hire, now we’re pulling in $2,300 a month for every and every ground plus the attic. So he’s in a living to resolve that out. I would possess needed to head aid and take into tale that, nonetheless for him, that’s always on his mind. More, extra, extra, extra, extra.

Envy:


“Hey, there’s a garage there. Oh, I could try this garage and I could rate them money to park their autos in this garage.” He’s that way of pondering and I know I even want to bag that. That truly impresses me about the sort he thinks.

David:


You’ve carried out somewhat a few extensive issues on your existence as effectively and I want to bag into studying rather bit about your mindset and the sort you possibly did it, nonetheless we’ve acknowledged Cesar manufacture of has that artistic ability. He can leer a imaginative and prescient. What would you yell that your talent is that you simply raise to the partnership?

Envy:


I would yell artistic and advertising and marketing and marketing. I went to college for industry administration and advertising and marketing and marketing. And most other folks idea I would possess went to college for communications. Nonetheless I became already a DJ so I didn’t want … No one could educate me DJ. So for myself, is inserting the play collectively. I passable consider after I first met Cesar, Cesar didn’t want to chat. He didn’t want to focus on. Nonetheless I knew that Cesar became a critical person in his bear perfect. What does a critical person watch like? No one knows. Nonetheless what he became talking and the build he came from and the obstacles that he jumped over and hoops, I’m like, “Oh, he’ll even be a critical person.” So my entire thing became effectively, let’s market this collectively. Let’s market from originate as a lot as flip the build now now we possess got … He has a e book. We now possess a TV repeat that we’re doing sms-lån norge 50 Cent the build it’s going to be the key time the build you leer two dudes that watch like us surely teaching other folks bag money in actual estate. Where we’re no longer inserting on a swimsuit. We’re no longer inserting on a tie and bow tie and asserting, “Hey, how are you doing?” No. We’re doing the sort that we put it because right here’s in fact how we put it and we put it the coolest way.

Envy:


So I would yell for myself is the industry aspect, the advertising and marketing and marketing aspect, and the taking it from right here and bringing it up there.

David:


Yeah. So what I leer is that it’s essential to effectively be form of driving opportunity and then Cesar’s taking that and figuring out, effectively, what put I put sms-lån norge it? Equivalent to you’re supplying the resources and then he’s making them work. And Brandon and I focus on this typically in case you’re seeking to search out a associate. You don’t want to head get your friend and yell, “Well, we like each and every diversified so let’s bag into industry.” You’re literally seeking to search out a associate that has a skillset that you simply don’t possess. There’s a reason you don’t possess a Kobe Bryant and a Michael Jordan on the identical physique of workers. Which it’s essential to desire a Kobe Bryant and a Shaquille O’Neal. They’re complimenting each and every diversified. Same thing for somewhat a few athletes and so I like that you simply guys look that about each and every diversified and that you simply’re both instant to relate, “Right here’s the build I’m no longer generous.” I have confidence somewhat a few other folks are loath to acknowledge a talent that they don’t possess or an space of weakness, whereas winning other folks, they grab that perfect away. They’re like, “Yeah. I will’t shoot free throws. I don’t want to be the person going to free throw line. You take care of that aspect of the industry.” I surely commend you guys for that.

Brandon:


Hey, I want to soar into your industry administration of your existence for a 2d right here, navigating rather bit away from actual estate. And it’s for both of you, nonetheless I’ll originate up sms-lån norge Envy on this one. You purchase somewhat a few issues occurring. You purchase somewhat a few industry. You purchase the 50 Cent thing which, that’s awesome. I will’t wait to hear extra about that. Nonetheless you got the radio stuff, the categorical estate stuff. How put you organize your existence? I know you will need got a industry manger. Is that perfect? Which it’s essential to want anyone that … I know we had been talking sms-lån norge June, I have confidence it became. How does your existence bustle? I’m passable questioning, so as to rearrange all that you simply will need got occurring?

Envy:


If I adore it, I’m going laborious. All people round me manufacture of does the identical thing. They no longer ceaselessly sleep, like to head laborious. Nonetheless we bag pleasure from it. As an instance, June, who you passable spoke to, is anyone I’ve known since I became in excessive college who’s an engineer and who left his job as an engineer to magnificent noteworthy organize me, which I don’t know how desirable that became nonetheless he’s doing magnificent generous. Nonetheless that’s June. So June handles the entirety in the case of song. Whether it’s DJing, reveals, endorsements, albums. Anything that includes song, he magnificent noteworthy handles all of that. Then I even possess an assistant. Her title is Mercedes. She handles the rest in the case of the rest outside of that. So for me, I even possess a water firm, it’s known as Positivity Water, that’s in Citi Traits, Krogers. It’s sms-lån norgein the Atlanta airport. That does magnificent generous. We now possess High Pop, which is a soda which became paunchy rising up in Recent York, which I bear a fraction of that. I even possess a podcast sms-lån norge me and my wife. It’s known as The Casey Crew, which we focus on the entirety that’s … You title it. We now possess 5 kids so it’s merch, it’s YouTube, it’s SoundCloud, it’s appearances, it’s the podcast, it’s waft aways, it’s touring. I even possess a car repeat.

Envy:


Now, I bear 14 or 15 autos. I bear 15 autos and we put these car reveals each and every year. Folks yell, “Well, why put you will need got so many autos?” Well, my dad always yell, “Must you will need got a ardour, bag it bag money for you. If no longer, it’ll be a distraction.” And that’s what my car reveals put. So now we possess got these car reveals each and every year in Jersey. This year we’ll be Jersey, Atlanta, Detroit, Dallas, and one diversified market I will’t call to mind. And Atlantic City. And we put these car reveals. And the car reveals bag about 10,000 to 15,000 other folks. Where other folks bag to seem diversified autos. Nonetheless I don’t bag it about the celebrities. This capability that of if I bag it about the celebrities, most ceaselessly I bag the inferior crowd. I bag it about the celebrities’ autos. So I’ll bag Cardi B’s car. I’ll bag 50 Cent’s car, Michael Strahan’s car, Dr. Ozs car. Appropriate diversified autos from diversified other folks. So it’s essential to reach, it’s essential to raise your kids. And we put it like a fun day. So there’s slides and rides for teenagers nonetheless then adults could watch at the autos. Nonetheless then the girls could bag their nails completed and bag a facial. So we put those form of issues sms-lån norge the autos.

Envy:


I even possess a e book that’s coming out next year, Could well presumably also merely 2022. Attempting to call to mind all the agencies I bear. I even possess a juice bar that I bear sms-lån norge Angela Yee and Styles P in Brooklyn that does magnificent noteworthy. So I even possess hands in rather bit of the entirety and all people has a job and all people knows their job. And even sms-lån norge the categorical estate, if it wasn’t for Cesar … He’s in a living to aid me handbook and narrate me, “Oh, you need to do that. It’s predominant to nonetheless be definite that that it’s in this LLC. Or you need to call the accountant. Or you passable got a demonstration for no longer reducing your grass. You purchase to head pay that sign.” He’s in a living to be definite that that that he will get it completed. And what we put is we sold a space of job so as that we’re sms-lån norgein the identical dwelling each day so we passable leap tips off of every and every diversified typically.

Brandon:


That’s awesome. I became surely going to ask the sort you organize your portfolio and I’ll ask both you guys this request. How does that work? Cesar, put you will need got property managers? Attain you guys possess all that in dwelling? What’s that watch like?

Cesar:


Preferrred now I even possess possibly about 30 workers. I even possess about three venture managers, 5 property managers, and somewhat a few contractors.

Envy:


And his brother’s surely the property manager so his brother is the person that-

Cesar:


He’s the no 1 property manager.

Envy:


He’s the no 1 … He goes and picks up the hire and if there’s a lavatory damaged or the rest, he takes care of all of that.

Cesar:


Nonetheless again, my subject is too that it’s laborious for me to … I even possess a paunchy physique of workers. Nonetheless definite ingredients of my existence, especially now, I put want extra aid. Nonetheless it surely’s manufacture of laborious for me to let hurry. So I put possess that fragment of me the build … Be pleased Envy has June, he has Mercedes. I desire a Mercedes and a June. Nonetheless I’m so hands on that it’s manufacture of worthy for me man. This capability that of magnificent noteworthy at this point now my number priority is finding the deals. It’s finding deals. Nonetheless there’s definite issues that perchance I don’t want to look at at each contract or I don’t want to head to each appraisal or I don’t want to struggle by way of each walkthrough. I sold three structures in Chicago sms-lån norgein the final couple months. I surely flew available and I did a walkthrough of single property after they could possess passable FaceTisms-lån norge me or despatched me a video. Nonetheless I’m so hands on that I want to contact the entirety. So I manufacture of put possess that scenario the build I want to let hurry rather bit extra.

Brandon:


Dude, I’m perfect there sms-lån norge you. I spent your entire weekend remodeling my closet into rather playroom, drowsing room for my 365 days celebrated so I’m like, “I could want hired this out.” Nonetheless I felt like I needed to bag in there and bag my hands dirty into it so I’m perfect there sms-lån norge you. That’s frosty, man.

Brandon:


All perfect, let’s hurry one extra request sooner than we switch on. I like to ask this request as soon as in a whereas. Must you watch aid, what became the supreme day of your … And I’ll yell actual estate investing existence, nonetheless whilst you rep to pray to pivot that one to passable industry existence in usual. What memory in case you suspect aid passable makes you smile and hurry, “Oh yeah, that became a correct day.”?

Envy:


I even possess two. One after I sold this new dwelling that I’m about to switch in. That one became a extensive one. And after I sold those properties in Detroit. No longer after I surely sold the properties, nonetheless after I seen what they had been price a year later, I couldn’t imagine it. We sold those properties for like 10,000 to 15,000 a property and we sold them for roughly 260 to 290 each and every.

Brandon:


No.

Envy:


I did nothing nonetheless gash the grass.

Brandon:


Dang. I invested sms-lån norgein the inferior areas.

Envy:


Yeah. So that became … The true fact that I got in early and became in a living to possess interplay that, that became … And the third one … There became a third one. I’m sorry. We passable sold a college. The true fact that we sold a college is passable … The true fact that we stroll in a college and be like, “Yo, we bear this ish.” That is crazy to me. Be pleased we sold a college that we’re going to expose into units. It’s passable a form of issues, like wow. Never in a million years.

Cesar:


For me it became possibly year number seven or eight. There became a 30 unit constructing. And this became after I became getting into into the larger properties. Now I had a couple six unit structures, eight, 10 unit structures, so this became my first paunchy property that I’m getting. I’m the numbers. I leer it’s a extensive deal. I’m getting the constructing for 1.8 million. I leer the cash drift already and I’m like, “You know what, this space is perchance price about four, four and a half.” The reason that I got it so low-rate became because there became four brothers that owned the constructing collectively. They had been Italian. And each brother had six kids. So as soon as the brothers passed away, now you will need got 24 heirs. And they’re all combating sms-lån norge each and every diversified, regardless of. They’re combating about the entirety. So I got a extensive deal. So I will this bank and we’re about to conclude the deal. And they reach sms-lån norgein the room and the person’s like, “Hey, did you end doing what you had been doing sooner than?” And I became like, “What put you mean?” He’s like, “Yeah, you will need got a criminal document.” And I became like, “Yeah, nonetheless I’m seeking to search out this constructing below my wife’s title. It has nothing to put sms-lån norge me.” And he brought that up, which manufacture of me.

Cesar:


I’m passable this guy like, “Yeah. This guy, he’s no longer guy.” So that they already had given us a dedication at that point. So we conclude on the deal. We put the loan. This capability that of at this point they’ll’t surely aid out the deal. Our taxes are extensive. We now possess resources. And at this point they’re like, “Attain you even surely know what you’re doing?” I’m like, “Yeah, I know what I’m doing.” So a couple months later I reach aid and I narrate them, “I want to refinance this property. Well, give me a line of credit ranking. Give me 250,000 and I’m pleased. I put a couple hundred bucks into the constructing. The constructing’s making extra cash now. I got diversified tenants. I’m turning the entirety round.” So that they narrate me, “No. You’re interesting too rapid.” I’m like, “What you mean interesting too rapid?” “You’re seeking to search out properties too swiftly.” So a couple months later I turn out refinancing sms-lån norge a diversified bank and at the closing desk I despatched them an image of the HUD and the look at. So I stopped up refinancing that property and inserting out $2 million.

Brandon:


That’s a correct day. That’s a actual generous day.

Cesar:


Yeah. It’s possibly one of many highlights of my profession, passable rub it in those guys’ faces. [inaudible 00:50:04] known as me a criminal. That became one of my biggest highlights.

Brandon:


That’s so generous. Awesome guys. All perfect, effectively we got to bag you guys out of right here in passable a minute nonetheless let’s hurry to the final section of our repeat right here. It’s time for our …

Brandon:


(singing)

Brandon:


All perfect. Right here’s the famend four. The fragment of the repeat the build we ask the identical four questions to every guest, a week. So right here’s surely extra just like the famend eight right now time because we got two of you right here. So we’ll toss it to each and every of you. To start sms-lån norge, let’s hurry Envy. We’ll originate up sms-lån norge you. Attain you will need got a accepted or an all-time accepted or impactful actual estate e book? Anything you’ve read on your past that you simply’re like, “Yeah, that actual estate e book changed my existence.”?

Envy:


It’s a new e book. It’s known as Flipping Keys. [crosstalk 00:50:46] of Cesar right here. Must you rep to pray to learn to bag into the categorical estate industry. He came from nothing. Fully. Learned actual estate in penal complex. How crazy is that? I have confidence right here’s the supreme e book available perfect now.

Brandon:


I adore it. Cesar, what put you suspect? Anything diversified than that one, which I hear it’s extra special.

Cesar:


To be upright sms-lån norge you, my all-time accepted e book is de facto The Artwork of the Deal by Donald Trump. I read that e book in penal complex. I read Rich Dad Unhappy Dad and all those diversified books nonetheless I have confidence The Artwork of the Deal by Donald Trump, I have confidence that’s one of many supreme actual estate books ever.

David:


I’ve by no technique read it. Is it price reading?

Cesar:


Yeah. It’s positively a correct e book.

David:


Is there creatives suggestions? Is that assuredly what the e book’s fascinated by?

Cesar:


Sure. Positively. Be pleased I mentioned, my all-time excessive is inserting a deal collectively so as that’s positively one of my accepted books.

David:


All perfect. What about your accepted industry e book?

Envy:


Nah, I don’t think I even possess one.

Cesar:


Yeah. I have confidence we’re magnificent noteworthy extra self skilled than the rest. We passable resolve it out ourselves in the case of-

David:


I’ll pivot and it’s essential to well want nothing to relate there both nonetheless I’m passable weird. Attain you will need got a accepted industry persona, mentor, trainer, or anyone that you simply need to practice? Perhaps you listen to on YouTube or something like that?

Envy:


Me personally, and right here’s passable rising up from my environment, is Jay-Z.

David:


Mm-hmm (affirmative).

Envy:


And the rationale I yell Jay-Z is because what he’s been in a living to put sms-lån norge somewhat a few his agencies. What Jay-Z does is he will get into a industry, he brings the equity way up and sells it. He did it sms-lån norge Roc-A-Fella. He did it sms-lån norge … What became his attire line known as? Rocawear. He passable did it sms-lån norge Ace of Spade. He does it sms-lån norge somewhat a few his agencies and that truly conjures up me because I leer what he does. He buys it, he makes the sphere take care of it, and then he sells it and makes $500 million. Nonetheless then he doesn’t passable stroll away, he invests somewhat a few that a refund into the communities, which I surely take care of.

David:


Brandon on the total says the Mark Cuban quote that industry is a sport. And what it’s surely getting all the sort down to is there are fundamentals passable like any sport that in case you learn them it’s essential to play it. And that’s a extensive instance you’re giving of what you guys put in actual estate is the identical tips that what Jay-Z is doing sms-lån norge agencies. Must you learn those fundamentals it’s essential to apply them to regardless of industry you rep to pray to bag into, which is awesome because there’s billions of parents that are on this planet they assuredly all possess diversified personalities and diversified issues they’re attracted to nonetheless the following tips work for all people so as that’s a extensive resolution. Thank you for that.

Brandon:


I’m no longer one to assuredly throw round Jay-Z quotes or the rest like that, nonetheless the one line-

David:


I know the build he’s going sms-lån norge this.

Brandon:


Yeah. I’m no longer a businessman, I’m a industry man.

Envy:


[crosstalk 00:53:11].

Brandon:


Yeah. That’s so-

David:


You mentioned the one Jay-Z quote that Brandon Turner knows Envy.

Brandon:


Yeah. That’s the one one I know.

David:


Thank you for environment him up for that one line.

Brandon:


Sure. All perfect Cesar, what about you? Any online influencers or anybody that you simply practice?

Cesar:


I like Grant Cardone. Be pleased I mentioned, I’m about the units. He has 10,000 units. And I like Gary V too.

Brandon:


Both legit guys. Both been friends of our podcast sms-lån norgein the past so generous dudes. All perfect, next request David.

David:


Well, we haven’t got Jay-Z on our podcast. Is that what you’re seeking to relate?

Brandon:


We now possess no longer got Jay-Z but on our podcast. We’re working on that. We could like Jay-Z and 50 Cent. These are on my list now.

Envy:


That’s my guy. 50’s my guy.

Brandon:


There you hurry. When that repeat comes out, whilst you rep to possess him to bag some promotion for that repeat, I would take care of to possess him on the repeat. Be fine.

Envy:


Yeah. Fully.

David:


Yeah. That’s entirely extensive. And if no longer, we’ll have interaction DJ Minute whilst it’s essential to bag him. All perfect, what about some of your guys’ spare time activities?

Envy:


I would yell my spare time activities are my autos. I like autos. As a baby rising up in Queens, I’m like any diversified kid. You point at a car and yell, “That’s my car.” So now that I got rather older and I will afford them, I nonetheless them. I even possess a 1988 M3 E30. I even possess a 850, the celebrated BMW sms-lån norge the lights that hurry up. I got the SLR McLaren sms-lån norge the doorways that hurry up. These are all autos I seen as a baby that I wished. So I have confidence my spare time activities is autos and my kids. I even possess 5 kids so I’m magnificent noteworthy a Uber driver after I’m going away right here.

Brandon:


Attain you watch your autos as an funding at all or put you take care of them as it’s passable fun? Or put you take care of them as an funding?

Envy:


Both. I have interaction autos that would possibly love in rate. All my autos love in rate. Whether it’s my E30 M3, which is the key M3 that they made, the M series. The paid 15,000 for it. It’s price about 80,000 now. Has 80,000 miles on it. My eight series, I paid about 20,000. It’s price 50,000. I even possess a 918 Spider. I paid about 1.1 for it. It’s price about 1.5. I passable ordered a Ford GT, which I paid about 500 for and it’s price about 1.1 now. So somewhat a few my autos love in rate. Some of them I hire it and passable like them because I like them nonetheless the majority of them are … They love in rate.

Brandon:


That’s fine.

Cesar:


And as far as me, I like toys. WWF, ’80s wrestling, or GI Joe’s, or He Man.

Envy:


I desire you’d seen his space of job. His space of job is sms-lån norgein the aid of us perfect right here and he has nothing nonetheless wrestlers-

Cesar:


Huge title Wars.

Envy:


Huge title Wars, GI Joe’s, all kinds. He has-

David:


You literally mean toys. I idea you meant like grown up toys like jet skis, autos.

Brandon:


No, I like that.

Cesar:


[crosstalk 00:55:52]. I’m 42 so I have confidence aid when we had been rising up. Toys are way higher now.

David:


Thundercats?

Cesar:


Oh, I like Thundercats.

David:


Voltron.

Cesar:


Transformers. Any toy it’s essential to well take into tale from the ’80s and ’90s, I nonetheless all of them.

Envy:


My kids reach right here and take care of it. They take care of messing alongside sms-lån norge his toys.

David:


Are they out of the field, like it’s essential to well play sms-lån norge them? They’re no longer nonetheless wrapped up sms-lån norgein the packaging?

Cesar:


Oh, those I sms-lån norgehold at dwelling. The stuff sms-lån norgein the field-

David:


The investments, perfect? There’s somewhat a few knowledge going round perfect now from some magnificent influential other folks about the inflation that’s taking place sms-lån norge the US currency and prosperous other folks are surely investing into issues outside of the greenback. So cryptocurrency’s one we all know about. Nonetheless baseball cards, stride figures, humorous books, this form of stuff is … For the other folks listening that don’t know, prosperous other folks are already getting into into this because they’re losing faith sms-lån norgein the price of the greenback.

Cesar:


It’s crazy perfect now. That basketball card market and baseball card. I know guys have interaction somewhat a few cash they assuredly’re investing hundreds of hundreds and hundreds of hundreds and hundreds of hundreds and it’s going up. No doubt one of my friends advised me the diversified day he invested $200 and he’s up nine million and I’m him. “Baseball cards? You serious?” And now he’s teaching me and I’m them like, oh man, he’s perfect.

Brandon:


Gary V talks lots about baseball cards. I idea it became a gimmick, it became manufacture of a silly little thing. I didn’t rate except lately that that’s a legit thing. Folks are doing this.

Cesar:


He’s official. He’s one of many paunchy dogs perfect now.

Envy:


And I have confidence Gary V, he pushes the culture too. He’s a form of men that could yell it and it’ll hurry up in rate. Nonetheless he became on it early. He advised me about it early and I became like, “Gary V, you’re bugging.”

Brandon:


All perfect, final request, from me anyway. What put you suspect separates winning actual estate investors from all those other folks that passable by no technique originate up, they offer up early? What stops other folks from giving up?

Envy:


I have confidence it’s the force and I have confidence that’s sms-lån norgein the rest. I narrate all people typically, we all know a DJ. And right here’s no longer bigging myself up nonetheless we all know a DJ. All of us grew up sms-lån norge a DJ, we all knew a DJ rising up, a DJ in excessive college, a DJ in college. Nonetheless the build are they now? Most of them are no longer DJing. No longer because they weren’t higher than me, because I’m no longer the supreme DJ available. Nonetheless I’m the person that’s going to push the toughest, I’m the person that’s no longer going to sleep, I’m the person that’s going to outwork you, I’m the person that’s going to proceed to push regardless of what. I even possess that force. And that’s what makes me higher than all those diversified DJs. And I have confidence that’s the identical thing sms-lån norge actual estate. Cesar has that force. I even possess that force. When I reach into the distance of job, I narrate all people typically, Cesar’s on his cell phone so noteworthy. He’s surely on auction.com. He’s on [inaudible 00:58:21].com. He’s on all these diversified internet sites seeking to search out properties, seeking to search out homes because right here’s his existence and right here’s what his funding is. When I call him on the cell phone, he’s like, “Envy, meet me at this property over right here.”

Envy:


It’s actual estate 24/7. And that’s the rationale he’s so winning in it. It’s that force. That force will have interaction you out of being usual to being one of many supreme.

Cesar:


And that’s the article sms-lån norge somewhat a few other folks too. The diversified thing is that folks think that the rest that you simply put … I have confidence in existence there’s no such thing as a ideal scenario. You’re into something and or no longer it’s miles very important to manufacture it up. And then finally that scenario, you bag it into a ideal scenario, nonetheless alongside the road you’ve got to bob and weave. You know what I mean? There’s going to be conditions like a tenant’s no longer going to pay the hire or you received’t be in a living to put a closing or flip a property this week. There became a snow fall. No one could reach to the closing desk. It’s going to be next week. So I have confidence somewhat a few conditions other folks, they bag punched sms-lån norgein the face they assuredly don’t know switch round magnificent noteworthy. Nonetheless you got diversified rate, nothing’s ever ideal. There is no longer any such thing as a such thing as the categorical deal, the categorical scenario. You bag that deal ideal by inserting in that work.

David:


All perfect guys, this has been a extensive interview. The truth is adore it. You guys gave some incredibly insightful solutions. Where can other folks get out extra about you that want some followup?

Envy:


Which it’s essential to practice me, @djenvy. He’s @flipping_nj. And we put seminars all across the nation. Our next seminar’s going to be March 14th in Atlanta the build we surely educate other folks put it. We don’t rate hundreds of bucks for it because that’s no longer what we put it for. We surely put it because we want to give aid to our community. We could like to bag to a living the build we are in a position to bag a Dwelling Depot, a Lowe’s, a MasterCard, a Notice to assuredly yell, “Hey, we’ll fund it nonetheless let’s educate the community.” So that’s the build we want to head. Our next one is in Atlanta and sms-lån norgein the future of those seminars we raise other folks. We raise credit ranking restore, we raise extinct lenders, we raise laborious money lenders, we raise most ceaselessly other folks from auction.com to repeat how the machine works and the sort it’s essential to put it. We repeat you photos. We repeat you the HUDs. We repeat you the entirety so that it’s essential to by no technique be like, “That’s no longer ideal.” No. We raise it and we rupture it down. We resolution questions and we surely bag thorough sms-lån norge other folks because we want them so as to invest. We could like to be definite that that that all people’s no longer renting. So our next one is March 14th and we’re doing one in Recent York in April or Could well presumably also merely as effectively.

Envy:


So that’s the build we’re nonetheless it’s essential to always practice us on Instagram and consider, snatch up Cesar’s new e book, Flipping Keys.

Brandon:


There we hurry.

Envy:


Must you rep to pray to learn to bag sms-lån norgein the industry sms-lån norge nothing. It’s a extensive narrative. The truth is extensive narrative.

Brandon:


I’m selecting it up right now time. Admire you guys. Thank you so noteworthy. Must you ever want to put a Maui seminar, you know the build to search out me. I’m out right here in Maui. We’ll put a actual estate seminar from the sea slither. It’ll be fine.

Envy:


I’m no longer enraged at that.

Cesar:


I’ve been there sooner than. I stayed at the Four Seasons.

Brandon:


Oh yeah. So fine.

David:


Yeah, he’s like 5 minutes from … Well, I possibly shouldn’t yell that on the podcast.

Brandon:


I’m like 5 minutes from there. I will leer it perfect now if I be cautious my window.

David:


I will leer it from my dwelling. There you hurry.

Brandon:


Yeah. It’s no longer atrocious. All perfect guys, thank you so noteworthy. David, you rep to pray to bag us out of right here?

David:


Cesar, Envy, thanks lots guys. Right here’s David Greene for Brandon, I’m no longer a businessman, I’m a industry man, Turner. Signing off.

Outro:


You’re paying attention to BiggerPockets Radio. Simplifying actual estate for investors paunchy and little. Must you’re right here seeking to learn about actual estate investing sms-lån norgeout all the hype, you’re sms-lån norgein the coolest space. Protect tuned and be definite to affix the hundreds of hundreds of others who possess benefited from biggerpockets.com. Your dwelling for actual estate investing online.

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