all right what's up everybody you're in
the building with the live games channel
I've got my big homie jail Harris who
has one of the fastest-growing real
estate YouTube channels and all of
YouTube he's been helping people do big
things and he granted me an interview
he's took me under his wing because he's
seen a young whippersnapper thinking he
was doing something and he had to teach
me the ropes a little bit so mr. Harris
how're you doing today I'm doing
incredible while I'm doing it I can't
complain man well thank you for taking
the time to jump up here and just
allowing me to introduce you to my
audience and those that are loved real
estate as an investment and I first want
to get this going by asking you tell us
a little bit about yourself and what got
you going in real estate back in I want
to say the late nineties I was watching
actually an infomercial and a lot of
your listeners may have heard this
general before by the name of frosted
sheets okay well what happened was he
sparked an interest in me and he kept
talking about this concept called
creative real estate finance writing
that is really where you go ahead of
your foot to purchase property with
essentially no money or credit that
sparked my interest in real estate
investing and so that that's really
actually how it started from there I
just I
it started as watched on many so what I
deal with that this became a student of
this concept called creative will estate
finance which is about property with no
money at play right and so so since
you've been using that as a vehicle to
getting a real estate investing tell us
about what has been one or two of your
biggest deals using those same
principles so I had a friend of mine
when I was living in California she had
inherited a property a mother
unfortunately passed
and she had heritage this particular
property that his property was a
3-bedroom 2bath home and she comes to me
because she knew that I was talking
heavy in real estate and active doing
deals and that type of thing and so what
she was interested and what she was
interested in some of her property so I
asked her you know how much do you want
for your house she said you know what I
at the end of the day if I got 350 350
thousand I'd be great with that said
okay great let's go ahead and let's
let's do it and so what I did was I went
ahead and I gave her a contract
essentially I didn't purchase the
property with money or credit I wrote up
a simple agreement between me and her
saying that I would buy the property on
tinker for 350 thousand right to lease
later what I did with that contract was
coming out I found some investors and in
finding these investors what I did was I
went ahead and I sold that contract on
paper for 370 okay so we closed that
deal it took us about maybe somewhere
around two months close that deal at the
end at the close of escrow
I mean $20,000 how did I make that
simply by negotiating equity innocent in
other words she wanted 350 the inventors
will go ahead and buy a 50 70 they knew
the property was worth four hundred
twenty thousand and closing escrow
everybody got what they wanted and at
the end at the end of the deal I made
point that so Wow so basically what you
just did was one thing that's hot on
real estate called wholesaling you you
just basically took someone who wanted
to sell their property you kind of told
them what you felt like it'd be worth to
them you put a price on it
you found investors that still saw
enough meat on the bones or enough money
that they could take this property fix
it up whatever they need to do and they
could sell it for a higher unit you
didn't use any money you didn't use any
credit and you walked away with $20,000
that you could use
to invest in another property or
something else you wanted to do and you
know what's interesting about that and
your curfew absolutely correct this is
the interesting part is I didn't know
that it was called wholesale okay I
didn't in other words I knew creative
was they finance all I know all I knew
was I was buying property at a lower
price and I was selling at a higher
price on paper and I knew that I could
make money
I didn't attach a kind of like a label
or a name to it and I found out after
that deals like wow yeah I essentially
went ahead and wholesale that deal so
that's really what really got me hot and
heavy about the lane and the aspect of
whole selling process man that's amazing
and what would you say for newbies who
they hear about these things they want
to get involved in real estate and they
want to know the easiest route for them
to get involved in real estate what
would you say would be the easiest route
or the path of least resistance for
newbies to get involved in real estate
it would definitely be a spec a whole
selling so I get this question a lot on
my channel I get this question from
different walks of life everyone acts
that very same question it would be host
on its whole selling real estate if
you're listening to this right now and
you are looking to get into some aspects
of real estate investing you don't need
money or credit you can wholesale real
estate and people ask me well what does
it cost if you can tie up a contract or
$10 $10 you can wholesale real estate
you don't need money you don't need
credit the thing that you need really is
action okay the thing they're gonna need
the most action and your ability to be
consistent if you can do that you can
win definitely so okay so for those who
are new to it and you know they want to
get involved with wholesaling you know
because like we've already mentioned you
don't have to have a lot of money
your credit don't matter how would a
person begin to get in the wholesaling
and of course they can learn more on
your channel because I will have links
for your YouTube channel and your
Facebook group that does all these steps
but in a general sense how would someone
get started in wholesaling so I did a
video probably about a month ago if not
a little bit longer and one of the
things that I instruct people to do is
do something called driving four dollars
and driving four dollars is this you hop
in your car you drive around your local
area looking for properties that are
vacant and or abandoned or properties
that just need a lot of work okay take
the time to drive around these different
areas buy these properties right the
address is down when you get the address
it down take the time to go ahead and
look up the addresses on your local
County website to see where the owners
actually live well the owners a letter
of rolla getting contacted via Facebook
whatever that is get in contact with
them turn it off it is that simple
gotcha - well then you know so ladies
and gentlemen want to learn more about
how to go through that process follow
his YouTube channel you can follow me I
do a little bit of it but will not have
the big questions I refer to mr. Harris
because he's the big dog in the span so
having said that for those other
individuals that they've done
wholesaling they they're they're versed
in real estate what would you say is the
future of real estate investing would
you say it's going to be more land
investing would you say people are going
to start buying up malls because malls
are having to go to a different model
from everything you've seen you've been
in the game since 88 is that not correct
so yeah well actually you know what if
I'm in any game I want to thank them I
would say to midnight midnight midnight
midnight so you're saying you've seen
decades of stuff what do you think is
the picture of real estate so sir can
you say that doing a couple of things
right now
with many people
and don't find this aspect of real
estate sexy returning whatever it is
lands hmm land investing you know what
it's interesting I'm talking to you
right now so I'm going to let your
audience in on a little something little
conversation that I had recently and
everybody is worried about the markets
scare right now in terms of the market
I'm going to give you I'm going to give
you this two things stand out to me when
it comes to the future of real estate
investing steel and investing okay on
financing buying properties at ten
fifteen cents on the dollar trying to
run it selling it living it like you do
houses land investing the time another
thing
stick with houses but do something a
little differently conscious as opposed
to going ahead and pinching a house
think about renting rooms you're going
to gain a lot more cash flows that way
if you buy and hold you will increase
your cash flow small apartments the
reason I save small apartments is you
can turn that coming back into a
boarding house situation as opposed to
renting an apartment let's say friends
battle four-plex
right that's great I have a four-plex
what about turnaround and renting each
room in the four-plex you've got a two
bedroom one bath for quest rent each
room who are hoarding how situation you
over time will begin to decrease your
risk and those right there if you stick
to those because even in a downturn you
will be fine Wow you look like uh I'm
not gonna point this but it's uh I give
you this to turn that I mean hey that's
cold a couple of people it's almost like
recessionary proofing okay yeah you
giving out the good jeans today for free
but I just learned something and that
might have to start shaping the way I do
more real estate investor so that's kind
of the model of having a hostel or you
know kind of doing the Airbnb but you're
not using Airbnb you
doing it yourself type mod' yeah so I'm
starting to begin to get you out of here
I just wanted people to get to know who
you are we want to talk a little bit
more about you know how real estate has
benefited your life and we all get into
real estate because it creates passive
income basically you spend money one
time and this is going to start
generating you money going forward in
the future so what you've been able to
have done this and gotten some passive
income what did you do in your spare
time to relax and enjoy and basically
live off your passive income you know I
think I told you this a while back one
of the things that you know people on my
channel they've seen a little girl from
a little girl my daughter you - my wife
and I we get to do what it is we wanted
to you know we did - we're not part of
the constraints of things that a lot of
other people have you know we have this
thing called residual income we have one
of the things I say is we have the
freedom to do and choose what we want to
do right you know one of the things
about real estate is it's a set up one
thing and then it takes it can take care
of you for life if you set it up
correctly and you have the right type of
mentorship you know one of the things I
had spoken recently somebody asked what
do you see we'll say dad I said to me is
this Saturday isn't it Sunday six
Saturdays in a Sunday right it's like a
vacation you know permanently you know
the name so if it's done extremely well
so and I'll get you out of here on this
and thank you again for your time
everybody who's in the real estate
investing or business have read or have
a favorite book that has helped inspire
them and motivate them so give us some
of your favorite business or real estate
books that you've read that helped you
get through
my go-to all day long for years has been
think & Grow Rich thinking were Rich by
Napoleon Hill okay
another one has been the cash flow
quadrant by Kiyosaki Robert Kiyosaki
everybody knows him from which that for
that right read exponential quadrant it
will basically break things down into
employee something self-employed
investor business owners and when you
can live at the bottom half of the
quadrant which is the investor business
owner that's where your six Saturdays
and Sunday come from God so beautiful
those who those who are my go to all
data gotcha
well Millionaire Next Door that nobody
would know I want to thank you for
coming here and giving us these these
hot takes to help people to get
motivated get inspired in real estate
again tell them how they can find you on
your own Facebook if they want to get
involved with your groups you can go
ahead and buy me on Facebook actually
it's a fairly new group but it's
actually supposed to 10,000 members is
outstripping family comm octopus Omnicom
on Facebook the YouTube channel is
house-flipping guide actually works out
flipping guys we just hit 20,000
followers or subscribers and yeah you
know it's the interest thing about it is
I give away so much party content you
know so and it doesn't a lot of people
at the same time exactly well ladies and
gentlemen I will have links for all that
so you guys can catch up with jail in my
video description definitely take a look
at his channel because he's helping
change lives giving you guys all the
information and the confidence to get
going in real estate and he's also
taking out the paralysis analysis that's
usually associated with learning a new
skill and that's going to do it for this
video Jerald thank you for coming and
doing this interview with
and not a problem by the time thank you
thank you and we'll be talking through
we do we will don't forget to like my
video comment and subscribe share share
shared this message of life gangs ladies
and gentlemen because real estate is
definitely a life game and until our
next sexy as hell video I'll see
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