Alright guys, so a lot of people access how do they make a podcast? I'm let you in on a secret on the easiest most productive way to start a podcast and get it up and running and that is the app called anchor is free. They have all kind of cool creation tools that allow you to record and edit your podcast right from your phone or computer. They will distribute your podcast for you to all of the major Outlets including spot.Why Apple Google many more and you can make money from your podcast with no minimum listenership is everything you need to make a podcast in one simple easy place. So if you're interested in starting a podcast Go download the free anchor app or go to Anchor dot f m-- to get started. Let's do it.All right, guys, welcome back ey o Atlanta addition very very special very special for us woke up with that the reasons we don't get into a before we start we got some exciting news, you know, we've been traveling around the country. We do our Network meet and greets just going to our biggest markets and we want you started in LA and we went that was crazy. I lay with the first one then we went to Brooklyn Bridge was crazy. It was so many people. It was actually the Spilled Out into the streets are still talking about it. Yeah. Shout out to be k for sure that's a fact and then weTo Atlanta Braves in Atlanta. We have 150 people come out and then Houston was the biggest one so far. So Chicago by the time you hear this is going to be two days. But yeah two days to September 26 well coming to Chicago. So it's free network meet and greet. The purpose of the network meet and greet is not as seminars. Not a workshop it is for you to network with each other most importantly you want to meet us remembering some of our guests, but you never know who might be a business partner who might be you know, somebody that you can do real estate with and these are the things that we need to do. Ooh more of as far as networking and really building so we mix it with what a whole different type of vibe because you know, we not traditional business podcast. So it's like a party but productive tendency. I think people show up a shirts and ties and they look at us like your guy and t-shirt. Yeah, we coming to accommodate, you know by ended now you have a couple of drinks and you gonna have some good food and it's gonna be a whole Bob. So yeah Chicago this my first time going to Chicago so I'm looking forward to it. So make sure you check us out man for sure for sure and then we have our Workshop that we are launching as well. So As you know, ey, yo every single week, we bring a different professional win and they give us free gems and free game and we really appreciate that. So we wanted to build an extended platform off of that. So we launched in our Workshop series and that's going to be live in New York City once a month and we also want to live streaming as well for anybody anywhere in the world. So the first one is going to be for first-time Real Estate Investors. We're going to go over some hard money loan tactics things of that nature without guy mg2 mortgage guy. So yes, make sure that y'all register for that. That's only a Tab on our website as well. We're looking forward to that verse. So people always asking when we coming back to New York New York. This is for you and we never laugh at the crazy thing. You act like you're coming back to New York. We never left New York. We live in New York by this is this is for New York for sure, but it for not just New York is for the whole world. So make sure that everybody gets to me. So, all right, we got that out the way so we have to welcome our esteemed guest mr. J Morrison. Thank you for joining us up, bro. Yes, I gotta get a back story on this. So, you know, we have you we try to bring people from all walks of life and all Industries and You know that number one person that everybody has been requesting for months now, isn't it? Yeah, they like if you're really serious kitchen was like sure high reach out to stop asking we got them. So if you don't know legendary real estate investor social activist as well. Yeah. Thank you for all of the work that you do on that end. We advocacy but yeah, just really Dynamic guy. He's rolling books. He's he's done lectures. He's a real estate developer. He's actually the CEO of the Tulsa real estate fund, which is the first black real estate crowd funding Equity crowdfunding fun. Is that correct and history and history? So yeah, we got we got gopal it out. But you know, he hasn't it's very extensive very impressive resume and anybody in the financial literacy Circle, especially in our community, you know that he's been a leader. For years before a lot of us was involved in social media and I'm a financial advisor. I just got in social media couple years ago, but I saw you before I got involved. So he's definitely been a Trailblazer in somebody that we appreciate you. We've all acknowledged as a leader in and Trailblazers. So first and foremost, thank you. Thank you for working with us. Thank you for joining us. My pleasure. Thank you for having me and I appreciate it. Yeah for sure. So we got right into it. So when I first heard about you it was years ago and it was a realtor. Yeah, right, and I guess like a celebrity rotor because I saw you on TV. So, all right. We all know your story about, you know, you was in the streets and you got incarcerated what made you get into being a realtor first and foremost and from there. How did you transition to actually being an investor? Well, actually I started as an investor first before realtor. Okay, right. So when I left the streets in 2005 left South 10th in Springfield Avenue North New Jersey after a 10-year built boy career when I left the streets. One of the first things I did is I want to acquire a single-family home from a tax lien foreclosure situation. My mom had helped her out of that situation and we had built my credit over the years because I learned about building credit and mortgages while I was on Parole at 22 years old in Plainfield, New Jersey. And so by the time I was 25 years old and I was ready to retire The Dope Game and do something different in productive with my life and stop and beat the Trap. So I had already purchased a home under my name for my mom because my credit Didn't hers she was facing a foreclosure and then I went and got my own duplex my own to family with four acres of land hundred percent financing and at that time and so as I purchased that property and I saw the commission's at the realtor me the real to me 13,000. He showed me the property twice. Hmm. I'm like bro 13 rescue Beam on I can do I have to do what he did. I knew what that time. I planned on buying more properties. So I'm like I'm going to be on this path as an investor in landlord on buying more properties than I need to be in a position to get my get that other. Check two and so I went and got my real estate license at that time. And then as I was going to buy more properties are also got my mortgage license at that time. So I was a loan officer. I was a realtor and I was an investor landlord and developer on breaking into the game. That's where I started the brand. Mr. Real estate back in like 2005 2006. And so you went from one medium to the next right? And what triggered you said to say. Like, this is the way I'm going to go like I'm going into real estate. I mean for me it was a couple things one. When I was in the streets, my started selling drugs at 15 years old my whole family so drugs. I mean my grandfather So Dope my uncle sold dope my mom. So don't like that was just our family trade and that was a norm for me. And when I was hustling through my teens and I got locked up at 18 years old and New York on Riverside Drive in Harlem facing three years of life in prison for a quarter kilo of Coke in a loaded handgun did a 1-2-3 in New York went Upstate cutting down trees for 13 cents a day. Came home on work release in Harlem a Lincoln work released by Central Park went right back to the game like a month later. Like I said, I'll give myself two months off some coming home two months. And then I'm all right. Listen jealous. I came home, November 3rd and 1999. I've got back trap in January 19th, the mm a member the date wow and got right back at it and tore it up, but then I caught another charge less than a year later drug trafficking charge in Maryland and secret indictment in New Jersey and upbeat. Part of that charge because the cops illegally search my vehicle still depression Time by 18 months between Maryland and New Jersey came home from that when a tends to supervision parole where I had to have this men's group meeting where I learned about mortgages. Okay still after I learned about that. I went back to trap it in for a few more years old habits die hard and so through all that. My family would be like A.J. You know, my, you know, my my daughter was born while I was in prison. My daughter is 20 years old now, she goes one out. Top 20 colleges in the country. She's first black woman president of my sorority like she's phenomenal, but she was born while I was in prison in my first time seeing her was when the visiting room floor. My daughter's slept with me and trap houses like bagging up, you know, and now she's gone to her she's at but her mother used to say, you know, why can't you stop selling drugs and it wasn't really my family would cry to try to get me to stop and I said well when y'all showed me something where I can make the money I'm making now right live the lifestyle that I want to live and feed my family just show me that hustle. I'm in until then shut the fuck up. And so period gig I don't tell me to stop doing something. You're not getting me another way another route. That's not getting a job. Like that's out like it's not even happening now. So you don't miss any way real estate at us all the checks that were being made. So when I close that first to family I saw the owner of that he owned it for maybe like seven or eight or nine years, but he made a hundred racks. Hmm my weight. He just owned this shit for A few years got some rental income and cash out a hundred on me. Like I bought it from him the realtor May 13, he made a hundred but I'm the one that when here financed it. I was like, you know what this is. All right, and then when I bought my mom out of that foreclosure, I help my mom buy this house FHA financing in 99 when I came home. I gave my mom 3 Grand she bought a house in Somerville, New Jersey for $100,000 three years later. The house would have been value $100,000. So we're not clear out clear out her foreclosure. She was in we end up selling in CashNet like 99. My mom gave me 33,000 just for helping her out with a 10-grand tax liens yet. And so I took the thirty three thousand I went about, you know, a bird would it and streets but my point is I saw that real estate was lucrative, right? So to answer your question in his long roundabout way. That was all what got me into it was like, okay this real estate thing has some viability here it shows, you know to be my new hustle and as I was approaching 25 years old, and I'm trapping in Newark and I had another close call with the feds and Some other shit and also I don't like yo, this is like when I'm 30, I couldn't see myself being free or live at 30. Like I literally top picture myself approach to 25 years old where I was gonna be when I was 30 on all I could imagine was dead or in jail. I couldn't even see myself ball in or new yummy. I didn't even see a victory for myself. So I was like if I can't picture myself winning, I can't continue this just hustle. And so I literally broke my trap phone. I quit like that that day. I thought about the shit shit that make sense no more and I love that cold turkey. I have work left and everything gave it to my man like him out. You said that you have the day? Ahead, so it's like that that meant something like a like I'm out and so I was like, you know what cut challenge myself I said, you know a drug dealer can only sell drugs or true hustle cost you anything. I'm like yo my drug dealer or my really a hustler now as I said what would happen if I took all my bro, I grind I get busy like my energy level is always high. So Mike what would happen if I took the same energy 24-hour shifts From the Block the same energy taking trips, you know, all that trip to Nebraska Marilyn. I'm time. I'm abroad tearing the highways up streets up planes up trains up all that. I said what if I took the same Innovation same energy, I'm breaking down work on a May compress. The machines at welding shops. I'll type of shit bro. Like I'm nuts. It sounds like what take this same innovation in energy the same Charisma is swag and I put it into the real estate industry what happened full-time with my full effort to full court press and so I said well if I'm truly a hustle, let me go see and that's when I you know, cold turkey drop the drug game got into the real estate game started as that landlord got my real estate license my mortgage license and I make my first million and three years and realistic but so how did Scale okay, so that everybody's in real estate, right? And there's a lot of real estate agents and Realtors mortgage brokers. So, all right, you come in off the street. So no formal education. None. You got your high school. I did I dropped out of high school 11th grade. Then I went back to the tops program for alternative kids and I graduated from vocational school. Yeah. Okay. Alright, so you have that but you know, really no other formal education. So, how do you go from? Being an ex-drug dealer to being a celebrity realtor like, you know, I'm assuming you was like in a top 10 percent 5 percent whatever Realtors to you know, whatever. How did you how did that happen? Like actually brought my office as high as listing in Fort Lee office ten million dollar listing from Alpine. It was a highest office listing in my office. Not the first African man in America hired by prominent property Sotheby's International Realty and I'll promise properties but so how did that happen for you for if we realtors that are still Realtors themselves, like how trying to like break through the because it's I'm it's a lot of them so like this it's the same intangible skill. Brought him out of his realtor selling shirts. Hella hot dogs selling drugs. The same thing is that I went and found a connect like I'm intentional. So when I was a real estate agent and I started off with Keller Williams and being a regular residential agent and you know went through that phase for a few years then you know, I started actually managing to mortgage companies as I work my way up from a loan officer. I'm just engulf the business but as I got kind of tired or bored and it's another long story with the net which I'll save us, but when I got to the A point where I was like, you know what this ain't really sexy. This ain't really my swag is to be a real estate agent. Like that's just not like sitting really cool to me. So I was like, mr. Reality what you don't like, you know what though? I see these guys on TV doing the high-end houses the multimillion-dollar lister's and all that like, you know what I could think that I could get Fly and you know, I mean do the thing and I'll list them all to me that house is so what I did was I Googled richest town to New Jersey simple as I want to sell high-end houses. I want to be a luxury real estate agent. So where the fuck To release a properties it so Google richest towns in New Jersey Alpine New Jersey came up. I went and took nine interviews and two days and Alpine and as I'm up in Alpine skiing always multimillion-dollar houses. I see all these blue signs in front of these the biggest houses and I couldn't even pronounce Sotheby's I know what the fuck that shit was. It was like I did not pronounce it but I'm like, alright this they went in like this other bees did Busan with this sot H-E-B why whatever how you really say that they went in right now, and so I've rolled past the Sotheby's branch office in Alpine, and then I walked into the office. Office and after meeting with a white girl and Coldwell Banker and a few other agents of branches up there and the manager to office. She just fell in love with many was married. She just fell in love with me was like, oh my God, you're so handsome. You're so this that there I told her my story. I told her everything the felonies where I come from the whole thing, and she was just like that's so awesome. I guess it's hard to get around. We had a meeting with them and other brands. In on Brody they hired me. So was there a specific listing that changed the game for you from from that being at that position? Yeah, I mean, I don't think was somewhat specific listing what change the game for me was Sotheby's a great branding can great. Do you explain what's up the pieces because we got it. I'm actual question about them. But a lot of people might not know who that actually yeah, so Sotheby's International Realty. Well some of these as a company they function in luxury assets. . So there's mainly an art party world the right did the art diamonds and high in real estate. So Sotheby's throughout the world is known really for their art auctions for their diamonds and jewelry and for their high-end luxury real estate and so that was attractive to me. And so anyway being at Sotheby's I learned so much about a different level of business infrastructure and different level of branding and marketing right and that's what really changed the game for me roll my brand. So like Now, you know, I mean it's like I really saw how they package things and really, you know high level and and the the owner's son. I don't really prefer a big actually. I don't really have a grudge with Sotheby's they asked me to resign and I get to that story later, but it actually propelled my whole career so I actually appreciate the blessing and ask me to resign because of my vocal in this about being a spokesperson in the black community and match their brand but um, nevertheless the owner's son Michael oppler. He challenged me. As I was new in the business it said okay. Listen, you were mr. Real estate in Central Jersey, you know School you were the guy in urban America but up here that shit. Don't fly. He was like, you know, why would someone trust you with their multimillion-dollar house what's different from you than all his other agents who live here? Who come from here who don't look like you you know, what's your why do you want to be here? And why do you want to do real estate and he sent me a video from some guy on YouTube and some small crowd and a video is like find your why or whatever and I watched it and it really touched me and it made me think about so they challenged me to Bring them a business plan of my why and what I was going to do different at Sotheby's if they were to, you know, get behind me. And so I said my why why I'm excited about real estate because way real estate changed my life and I want the bridge the gap between real estate and pop culture meaning our culture right culture. Right? And so I made this business plan deck. I still have it in my email at Jay-Z and Beyonce on the front. It was like Bridging the Gap between real estate and pop culture and I gave him my business plan on how I was going to impact pop culture. And put everybody on a real estate at everything from teaching the high schools teaching in colleges throwing celebrity events to open houses to all these creative things that I literally do not today. But um, that was my Y and so I had the opportunity through one of my friends at the time who was promoting me and supporting me. She was just Googling and researching online different networks that had opportunities for realtors and NBC was looking for a realtor for their show open house. NYC and I happen to have a client at the time Muhammad Wilkerson shout the mo and they were doing their Super Bowl Edition. So when we hit and we said listen, I got to NFL client, you know former Jets play a former judge player. Yeah. I've NFL client never. Oh, perfect. We bring them on for NBC. So I had a monkey like yeah, so I went and showed him too high in properties on NBC and then NBC it me back. Like hey, this is the highest ratings that we had all year. Like, you know, I mean, we love doing a show you're so natural you do anymore. Or I'm gonna all right cool. So then I started taking other clients Angela Yee Bobby in off the twins from the 40/40 Club was my Bros. I forgot the name of that. But anyway, I was taking the people I knew in my network on NBC right? And so I brought that value to something as well. So now I'm on NBC representing Sotheby's in front of two to three million viewers every week. Right as I was as I was featuring and obviously lifting my brand the same time, but during that time I did lose track of my I'm I was a bridge the gap between real estate in pop culture. So I also was teaching or going to Inner City Schools. I started a program called hip-hop to homeowners where I was teaching in inner-city kids about real estate mortgages credit and all that and I did it through a I was I was thinking like okay if I want to bridge the gap between real estate and pop culture. It's cool to teach us always but what about the youth who could have got this game earlier and been way ahead of the game than us. Yeah, so I was like, well if I was 17 how the hell would I want to learn real estate? I don't want anybody coming and give me some boring. Jurors, talk about real estate. So I was like, you know what? Let's bring some music in some giveaways, right? And so I put together a program like in one week on my iPad and my crib just put to get little keynote my first little key to whatever made him on iPad presentation, and I just that was in January and February I Jesse actually January. I started calling cold-calling School saying Hey, listen, I'm a celebrity realtor. I want to teach this game the kids and your school. I went to Carter of high school in New Jersey and Malcolm X Shabazz and Newark Central High School in Newark where the honorable mayor rosberg. Go of Newark. He once was a principal there. He was one of the principal when I did a school and just 30 under 30 schools on one year where I was teaching using DJ Little Man other DJ's Rocawear sponsored at given us giveaways and I was just teaching kids about financial literacy and real estate and his creative as assembly and he was really getting it though. Like 450 kids 600 kids 800 kids inner city kids who are learning a definition of credit whole learning mortgage, right, you know, you know all that and so all that again just round up into my why and what I did, you know, Weekly at Sotheby's was that so you asked me about a listing and wasn't a listing that set me off. Now. I did bring in a high-end listing. I beat this guy down and brought a ten million dollar listing and had you know other girls to activity going on but my focus I realized wasn't the real estate and Sotheby's realize that to like hey, you know what you're not really focusing on real estate. I was focusing on the why you told me to find ya, you know saying my why wasn't this the list high in houses impact the culture not if my why was the impact of culture and so Sotheby's and I had a brand - and when I drop my wake up video on Worldstar telling the Cooney to wake the fuck up and get our stuff together. That's when you know after a few conversations as CEO was like yo, you know salt nine-minute video. You've been a spokesman for the black community and although you're comfortable with that. I am not a few ask you to resign and I was like, all right, cool at that time Coldwell Banker had asked me to be a brand ambassador for them for North America. They won't be the brand ambassador for North America of Coldwell Bankers. We had those conversations whatever Coldwell Banker that didn't work out and I was like know what I think I'm done with this realtor thing all think. It's time for me to really pursue what I really want to do. And I also realized while showing a lot of NFL guys NBA guys houses and all that kind of stuff. I'm like wait bro. I just showed you 13 houses. I'm a great consultant. I asked to every question first so I knew exactly what you wanted. I gave you everything you wanted you brought your girl. She liked it. Then you have to file your mother-in-law in and then she don't like it'll go back to the drawing board another one. So I'm like wait, I just spent like three days of my life. If showing you houses in hopes to get a commission all for you to say, you know, what bro, I'm wait till after the season. I'm good. I was like, you know what this have the best opportunity cost of my time. I was like I know how to invest I know how to get real estate money. Why would I spend time showing you 40 houses to hopefully get a commission when I can see that same time to go get a Fix and Flip with development a lot myself and go make even more money. And so it just dawned on me that what I want to do. I was going about it backwards. It was a great entry going as a realtor, but it's not I didn't want to be a celebrity real. The term is how I came and built part of my brand but it was like no. I mean I'm a developer. I'm a hustler. I'm a builder. I'm like, you know, I mean like I'm not just that and so I segue then into focusing back on my real estate investment company are then launch the Jim Morrison Academy in January of 2014 and got into full-blown education for our curriculum together and all that other kind. So the root of the the Jay Morrison Academy that was based off the program's you were doing in the city schools in Newark, New Jersey. Yes, so that was like so actually the root of J Morris Academy was the world star video. I got so many that that was our videos got a quarter million views of first day. They wake up the wake up. You have been back in the Maybach and I got so many emails of people like yo, bro, how can I get mentored by you brought stop gangbanger because of you bro, that should make sense bro. But what right and so I'm like damn I can't Mentor all these people and I was like, oh, how do I know the game know like bro, I literally transition out of the street from from the from the mud like bro. I had no corporate etiquette. No, Poetic kid like I know how to send the email and 2005 and I got a real estate. It is such an email upon what like yeah, how you doing like from the ground? And so I knew I could give back an impact people but I didn't know what vehicle to do that and one on one. I mean, I only got so much capacity. And so that's when I was like, okay. I didn't know what's called the curriculum back then but I was like, okay when put together like I'm on automate like what I know some I'ma teach what I know. I'm going to record it. I'm going to do mentorship calls every week. So people don't watch videos like you too, but you're actually called me every weekend get mentorship. So open up a group mentorship line. I put together a curriculum that was some developers put together our school website that I thought of the idea November 2013. We did a soft launch December 2013. We launched our school January 8th of 2014 and since then had over 80,000 students are now Inc 500 top 10 educational companies in the country sure in real life. All right. So now we got the backstory so The next segment we are going to some gyms and get some education or going to say cuz that's that's what we had before I do. Ernest you currently paying off student loan debt interested in improving the financial literacy or looking for new ways to earn income and today's ever-changing digital landscape. Well on the talk money with the mesh lakhani podcast mesh will follow Paper Trails chat with experts break down complex ideas and bring Clarity to the mystical Financial phenomenon. Each episode will be filled with compelling stories covering a broad range of subjects. From buying Bitcoin dealing with student loan debt and everything in between. So listen to talk money with mesh lakhani on Spotify or wherever you listen to your favorite podcast and learn how to spend invest in learn in today's economy. All right. So now we're going to talk about some some key terms because we had we had a couple real estate episodes. But each real estate episode is different and I jotted down some stuff that a I got from your page and be that we haven't covered yet. So I think it'll be good information. First thing I want to talk about is a HELOC, right? Okay, and I saw on your pay you guys something about we five verses he locks. So we talked about the refi, but can you explain he like we haven't covered he locks yet. Can you explain what is it? He'll HELOC even stand for. All right, so he locked his home equity line of credit and it's a way to tap into your Equity without restarting your mortgage again. So like with the refinance you're getting a whole new loan holding the mortgage so you could have paid your house down for the last 17 years you get to refinance you back to zero on a 30-year mortgage. Come on the tap into your Equity with a HELOC you can tap into your Equity keeping your existing mortgage. But now you put a second mortgage all or mortgage piggybacking that mortgage right behind it and you can tap into your Equity that way through a second mortgage not resetting your first mortgage and with a HELOC. It's a home equity line of credit. So it's not a new loan, but it's a line you can tap into so with the refinance you got to start paying on that Capital the day you refinance right that hold alone with a HELOC. It just says hey I got access to the 70 grand and I only pay on whatever I use of that 70 grand. So if I find a property in Detroit that I can go acquire for 11,000 and put 20,000 into and flip. I'm only going to pay on 21,000. I borrow from the HELOC as opposed to five refinance and pulls 70,000. Now I'm paying interest on that whole 70 I would he like you're only paying interest on the amount you use because it a separate statement like so when you get your yes, it's a yes, I would say that's a whole separate loan. It is a second loan to your existing loan. What does it still go off for the equity? All right. So the reef sighs like you have a $200,000 house and it goes up to 400,000. Now you have $200,000 Equity could be fine from that right is the HELOC still based off of that Equity or less? Well, let's let's correct that this is a big misunderstanding that we teach in the J Morris and Academy for our students many times. We think that okay. I got a house. That's 200,000 right? There are oh and it's worth four hundred thousand, right? So you like yo, bro got 200,000 Equity. What can I do? You got $20,000 Equity, but you don't have 200,000 Equity that you can use, right? The banks have something called a loan to value what we call LTV right here term LTV, it means loan-to-value. And so the banks may say will lend you 80% LTV or 80 percent loan to value. So the value of your home is 400,000 the bank saying will give you 80% of that 400,000 which is 360. So if you oh 200 and a bank only going to long to 80% of your value, which is 360 - that means you really got 160 hours and Equity you can use Right, so you don't get the Tilt the full 200 right? Same thing with a HELOC though. The bank says hey, we're going to give you an 80% LTV of your HELOC. Then that means you get 80% of that 400 360 but now we're not going to reset your mortgage. You still owe the same 200, but what do you a credit line for the 160 and you only pay on what you use that 160 whenever you use it. You could pay it back down use it again pay back down using it again and you only pay on what you use but it's only based on the LTV of the house. You do not get the full value of your equity and less of bankers. when you a hundred percent LTV, so alright, each person's situation is different but is one better than the other and your opinion or there's In a blanket statement, I would say the HELOC is more preferred and a blanket statement. I don't really like blanket statements. Probably like what you just said, every scenario is different which is why I believe in being informed investor, if you know how a refi works in the pros the cons and you know how a HELOC works in the pros and cons based on your specific scenario and situation. You can choose what makes more sense right? For instance. You may only have been in your house for a year and a half and now you can get a refinance at a five and a half percent rate. Of your Equity at an 85 LTV you go to the bank and you want a HELOC. They may say we're only give you an 80% LTV Which is less Equity to tap into and we're going to charge you a seven and a half percent rate being to only been your property for a year and a half. You might want to take the refinance which is cheaper interest and more Equity you can tap into and you're only restarted your mortgage by one year. It's right. So depending on your scenario when you're informed you can make sure to take decisions. Is it based? So typically are the interest rate a little higher on a HELOC or Does it depend on the scenario here most times? You'll find that a HELOC is higher because it's a second mortgage. So what that means we have a second mortgage is that if you were to foreclose or default on your loan, the first mortgage gets paid first, the second mortgage only gets the leftovers. So as a second mortgage lender, you take more risk having a second because you may not get paid if things go bad. So I'm A lender which I am a private lender if I'm A lender and you want Second mortgage from me. I'm not gonna give you the same rate as your first mortgage. I'm taking more risk, right? So he locked can be and typically may be more expensive than your first mortgage refire or traditional. So your private Lindy's huh? I sure am hard money loans hard money soft money creative financing joint ventures Mezzanine Financing Gap financing construction funding all that and that's through which we commercial was that with that's the Tulsa Farm. That's what Tulsa real estate fun. We are we are a private lender and we are a development company. We are full-blown. Company, alright, so we'll talk about that. It's exciting for sure. So we're about cost segregation. What's that? All right, so cost segregation is a tax strategy or tax vehicle. You can use when as a full-time investor real estate investor. You can basically cost segregate means you can deduct the personal tangible property of an asset. So right now we're in this building right the owners of this building can deduct Anything in his building that can take off with a screwdriver and a hammer from their earned income. So if the owners of the building where wealthy and they made, you know, they're making ten million dollars a year, but they own this whole asset and it's all these doors in here every single door every knob every stairwell every HVAC every everything every cabinet that they can take a tick off with a screwdriver and a hammer. They can take the value of that and deduct it from their earned income therefore reporting less earn income. Come therefore paying less tax taxes and mitigating or minimizing or tax exposure. What about the acronym I are okay, irr is internal rate of return, irr is basically an oral why but calculating the importance and significance of time and Roi so if for instance We invested in something today and we flipped it this year may 33% that's 30 or the other people use it even ever meet 30 percent right and one year. So Roi is annualized right maybe 30 percent in one year. Let's say we made 15,000 in six months fifteen thousand and six months is equivalent to irr. 30,000 in one year is saying if I were to do this again, but the same six months Riley 30,000 there is duplicated. Right? So now if you have 30,000 in one year as a no Why but now let's say you made the same money, but it took you two years to make the same money. So now you're irr over two years will be 15% right? Because now you're looking at me 30% on one year, but now if I break it up over two years, right the ROI on it considering time is now 15 percent now if it's three years is broken up and now you maybe 10% or whatever that number may be right, but I was yeah and then excetera, etc, etc. So there's form has been using your calculator. I don't try to do the math. You know, my I sell for my head bone what irr does is it calculates your return on investment considering the opportunity cost of your Capital over time? So alright. The next one is guess what I never went to college. Next one is for our political Mike. He's not here why he always we talk about 203k loan is a lot. He still doesn't understand what a 203k loan is. I try to explain it to him. But maybe you can do a better job explaining what it's all 3 K loan is sure. So 203k loan is a renovation loan. It's a it's a They backed renovation loan which allows you to typically put between 3 & 3 & a half percent down on a property. But the most important part is that they will cover the construction cost or the building calls or build out cost of your asset. So it means you're getting the acquisition money the purchase money and you're getting their renovation or fix money that you know, the construction money. You're getting all that from your lender and you're still using one down payment you'll get the money and and what's called drawers or installments. They want to make sure you're not just blowing it and you're Doing the right construction but FHA or your banks will cover up to ninety six and a half percent or whatever. Their guidelines are of your acquisition and the full rehab under a 203k loan. So you get to buy the property one to four units even one to four units with a store attached you can buy the asset and fix it up all within one loan for as little as three and a half or three percent down and you have to live with that property a must be avoided unless the owner occupied property owner occupied residence. So when you're looking at a property right you talk about our Why people hear about Roi a lot? Like what does that mean? It means everything Roi is is the root of money is a root of investing think about it. Like you're an investor or entrepreneur business owner real estate entrepreneur, you're doing it to refer to receive those little definition of an entrepreneur or a real estate investor definition. Someone who invest capital in hopes to seek a profit. Right? So Roi really it gives you the measurement tool. Tool to compare apples to apples on your profits. So let me make it even simpler. If you have $10,000, right 100,000 or a million or ten million either way. That money has an opportunity call. She could put that money a bunch of different places. You can invest in a t-shirt line, you could invest in the podcast you could invest in a real estate. You can invest in Uber or whatever you want to do. So your return on that investment is going to allow you to see what's the best use of my money or the best use of the opportunity cost of my money, right? So your Roi helps dictate that so you can look at your capital and a checking account with leave your $10,000 and a checking account. You're going to get point zero zero one percent. So you want to get like a dollar on your Your $10,000 right you put that money in a 401k or CD you might get three percent on your money or the 300th out $300 on on 10,000. So then you look at other instruments where you can invest your money and the all-wise going to tell you your 10,000 your Capital Park here makes you this rate of return versus any other place of rate of return. So you're the ROI really or return on investment is just an indicator based on how much you invested how much profit you made what that rate is over turn on those. Those profits in an investment. So like how do you like evaluate that for a real estate property? Right because it's easy fella financial advisor, right? So I'm a little biased about stocks but it's different conversation, but it's easy to look at a time by it's about real estate. It's easy to look at a rate of return for an investment because you can see what it did for the last five 310 since its Inception right? Well, thanks a little bit more. It's a little tricky. So how can you look relatively more easy? All right fair enough, but as so, how do you how do you how do you look at that in value? That from a home to say okay. This is just this rate of return. I expect to get 15% in the next three years like you do that based off of comps in the neighborhood you do that based off of you know, how do you do that? Well, it depends if you're purchasing as a owner occupied home buyer, right? I don't necessarily look at my Roi from a perspective of as a home buyer, right? I look at I still got the opportunity cost the money I say okay, if I got to put three and a half percent or three percent down on his home where the 20% down his home, right? So it's Opportunity cost my money. So say I want to buy a three hundred thousand dollar home and the bank says okay, you got to put 10% down. So now I got 30,000 down to buy this home, right or it could be three percent down and I put 9 Grand down to buy this home. So now looking at well, what else would I do with my 9 Grand I would also do I do my 30 grand. So from a from a home perspective. I know that by meet owning this property and it could be a duplex or a multi-family where I can live for free and rent the other units out. But even if I'm not renting the other units out a living for free by living in a single family or townhouse or condo I'm going to live somewhere. Anyway, I'm going to be paying rent to somebody somebody somewhere and have a roof over my head so I can be paying myself and paying the mortgage with this 10,000 down or this 30,000 down or nine thousand thirty thousand down, but then I get the future appreciation and Equity from the home and then I'm getting a tax advantages from owning a home from the interest on the mortgage depreciation of the building the closing cost on the asset. Then I got the power of control of the asset right again, not to mention to the multifamily. I'm Cash flow I consider all those advantages as to well, what else would I have done with that $10,000. So if that $10,000 just say in the stock market would it gave me seven percent. They don't know making seven hundred dollars a year on that $10,000 plus compounding interest, of course, but essentially it's a $700,000 a year my 10,000 that same 10,000 could have been in my house gaining me appreciation and Equity over the years. So now let's say in a 10-year period so you put money in stock at a 10-year period and you got seven hundred a year. Say 7000 let's say we compound the interest you now got 10,000 see what 10,000 stock and in 10 years. You got $10,000 Roi on on that on that asset. Now you put 10,000 down on your residential property and over that same 10 years. Your asset went up in value $70,000 $30,000 $30,000 right just by living there and doing something we're going to do anyway, so therefore to me just from a homeowner perspective and makes better sense plus the tax advantages you receive during that time could depreciate 27 half. Of the asset over over the years but the other benefits I gave you. So I look at that. That's a homeowner perspective. It's not even the best example from an investor perspective. I'm looking at the future market value or the comps or the arv if it's a Fix and Flip or I'm looking at the cap rate, which is the basis the ROI of the rental income from the unit and those tax advantages at the same time. So for an investor, you let the benefits of cash flow which is rental income passive income mailbox money, you get the benefits of Nation in equity as a just lived there or rent it out and probably goes up in value over time. You got that you have two opportunities for all the tax benefits and as an investor you get more tax benefits than you do as a homeowner. So you could you could appreciate not only the interest on the mortgage the maintenance on the property the cost segregation on the property and all these things. So now you're going to bigger bang for your buck as an investor because you have so many Financial benefits from owning that asset and it's not to mention if you get into the space of 75 units and more 20 units or more in a multifamily Apartments. Now you got more cost segregation more doors more rental income more cash flow or tax depreciation all for the same investment would have put somewhere else. Another thing that we've spoken about and people still are not quite clear on and now they went to Atlanta. I remember the first time hearing about opportunities owns. I saw Tia talking about yeah and I shout out to tear shape the content. So we started to research it and get a better information on it. Can you explain that to the audience liked how that works and how capital gains tax plays a part in their sure opportunity zones is Really the biggest transfer of family wealth that will happen in our lifetime and happen since the Great Depression opportunity zones is literally set up the user urban community as a decoy to allow wealthy folks to roll their money over to the next Generation. So what happens opportunity zones is there's over 8,000 opportunities on tracks all throughout the country. These are mostly urban areas and rural areas blighted areas that they say need investment dollars. And so what they're allowing the wealthy to do and those who have no gains either from their businesses from their stock portfolios or from their real estate assets as people realized capital gains or liquidate their portfolios to receive capital gains. They can roll their capital gains overwrite the capital gains, which we taxable income. They would have to pay like a 30% of whatever percent tax rate on a capital gains so that the government is allowing them to this legislation to roll their capital gains over into an opportunity Zone through up to his own fund and to a qualified opportunities on track and if they invest that money there they were going to 10% That discount or Tax coupon on that capital gain. So if my capital gains is a hundred thousand and I roll over to opportunity Zone. That means now my capital gains are taxable income is $90,000 for the first five years then if they keep it there for an additional two years or seven years total they get another five percent tax coupons. So now my taxable income is 85,000. So now instead of pay Uncle Sam 30 grand. I'm a hundred thousand. I'm now paying Uncle Sam 30% on my 85,000 or like 24 Grand right on my taxable income then the Other benefit is if I leave that capital gains investment into that asset for 10 years or more any future capital gains or profits made from that asset. I can completely defer all the taxable income on that asset moving forward so I can roll over my capital gains get a discount on my original investment of 15% after seven years and that any future capital gains from the asset that I put into the opportunity zone so I can take my capital gains go into the hood, but Whole new strip mole holding the skyscraper whole new hotel whole new something. I don't even help this community at all and gentrify it and then be able to roll all the profits of that asset over in 10 years selling off to the market at a higher cap rate or lower cap rate more profit and be able to take all that money out. Totally tax-free. That's what opportunities owns is and in order to invest in opportunities on you have been opportunities on fun, right correct? Yes. It's I believe the 89 1989-90 60 form to the IRS to be opportunity for one of the toughest Parts. Is that a lot of us certainly? Communities we don't have capital gains. We don't even know what Capital Capital Financial tax designation and actually service the people that are in that community and the kind of money they receive and help the working class roll their Capital over into those kind of fun to receive those benefits, right? So, all right corporate veil. What was that? Y'all want everything? Yeah, so Bro, corporate veil is your your your LLC or your corporate structure? And so what you protect yourself and your assets is the way in which you protect yourself from and really its asset protection. Long story short. It's the way you set up your entities and a way that you have the best tax advantage from your entities the best liability protection of your entity and entities and it's just a way that you know, a sophisticated investor or entrepreneur should be eating up their company. All right. Well, you passed the test with flying colors. It was a we didn't give them free notice that about with the questions. Yeah, but when you know, you know, I'm real life. That's before I call us on the next segment. We got going to the Tulsa real estate firm. We going explain that in detail and talk about everything course. You have your store tools real estate fun. Let's be clear facts. What's up, y'all? So if you're listening to this you obviously like podcast and you're probably like music just as much on Spotify. You can listen to all your favorite artists and podcasts in one place for free. You don't need a premium account Spotify has a huge catalogue of podcast on every topic including the one you listening to right now on Spotify. You can follow your favorite podcast. So you never miss an episode premium users can download episode 2 Listen to offline wherever you are, and it's really easy to share what you've been listening to with your friends on Instagram. If you haven't done so already be sure to download the Spotify app search for earn your leisure on Spotify or browse podcast in the your library tab. Also, make sure to follow us so you never miss an episode of earn your leisure again. So you have the real estate crowdfund, right? So it's a little different. It's a different way to invest in real estate as opposed to just a person just doing it on their own. So what is it real estate crowdfunding what did with the details of that? Well, our particular fun of the opportunity is for non-accredited investors meaning those who have a net worth less than a million dollars or make less than a quarter million a year for non-accredited investors or accredited investors and institutions family offices and all kinds of capital Partners can all invest in one vehicle are non-accredited investors and just all investors are minimal investment is $500 and you will be equity. Owner and our company and own shares of our entire portfolio which currently consists of an opportunity zone property in East Point Georgia 5 inch from the airport called the legacy center, 2.6 acre campus over 30,000 square feet, which would be a co-working space Financial Empowerment Center and Training Center entrepreneur Training Center as well as 98 unit apartment complex in Macon Georgia, as well as 28 units of student housing. We're developing here and at the a you see Where the historically black colleges are Clark Spelman and Morehouse as well as other 14 units 7 units and multiple other Investments that we've either funded or partake in as investors and developers through the fun. So for a $500 minimum investment, you get your prorated share of equity in our company you get an eight percent preferred return that's annual and accumulating annually and you get your share of 50% of the profits that are fun, you know projects to bring in over the course of our portfolio and our performance now the President Obama had a is it the project we built he's the man there was the idea for the total fund. Was it birth at that point or was it something that you had envisioned prior to it yet back to my early mortgage days and like two thousand seven eight nine. I would flick through the MLS and different, you know, listening systems. I would see hotels and hospitals and I think about I always had this Vision to bridge the gap between real estate in pop culture like always want to put the whole community on once I got on I want to put the whole hood on, you know, Real estate and so when I would see these large assets, I would always think like yo, what if we get a bus these down what if we can chip in and go in on these assets and it was no vehicle to do that at that time. And so after the Freddie gray Uprising in Baltimore in 2015. I was at a panel that bet bust up a bus loads of Bloods and Crips from Ground Zero where the CVS was burned down in Baltimore after the Freddie gray Uprising and they I was part of that panel with Tamika Mallory, Marc Lamont Hill and others and they were asking like, what's the solution? As for our community and one of the Bloods or Crips or Baltimore, you know crowd members yell from the stands. We need to put a Black Wall Street yo and so I'm like, okay if you think the community needs a Black Wall Street or economic, you know, kind of stronghold. I raised my hand. I was like, okay, that's a my watch where everyone build a Black Wall Street beat me after this 2015. And so I built with them. I went down to Baltimore got on the ground talking to them see what the problems are the community and I thought about it like Well, what is a Black Wall Street look like if it was not familiar Black Wall Street was there's many black Washi throughout America. One of the most notable was a Black Wall Street of in Tulsa, Oklahoma called Greenwood where with 36 square blocks of over 2,000 homes and businesses that were burned down or built up in less than 20 years and burned down in 1921 in one day on June 1st. And so I was like, well, we're going to build a sustaining Community or be able to impact our communities. It's cool to hashtag block Black Wall Street and group economics and say it but what does it look like in real life, right? Yeah, how do you actually bring it to fruition? What's the economic vehicle that allows us to pull our dollars together to build a Black Wall Street. And so that's when I started the research then and through that research. We did uncover the jobs act which was just in past and I thought back to my old mortgage day is about what I knew about financing and lending and investing in all those things. And so anyway, we went to the research and over four years of due diligence and research and I mean we put yourself in position to IPO on June 1st anniversary of the Black Wall Street bombing on June 1st, 2018. We IPO this fund to the tune of you know over I think a millionaire or nearly two million dollars raised our first 24 hours our website crashed three times the first day I was so pissed but you know so many hits on our website and so much national attention and we've raised, you know, several million dollars to date and have built a multi-million dollar portfolio. Just with the First round of our fun and our first year as the you know historic post real estate fund the first black owned real estate crowdfund history. So how does that work as far as because we talked about the tech fun and he had got the like wait a couple years so each I guess companies different like for your company. It's like you have to wait one year before you can start to receive money from it. So you won one year lock up until you're eligible to receive your quarterly dividends, but we cannot pay dividends until the fund is profit of properly. So we're developing assets that take two and Years to develop then you obviously have to wait for the development of those assets and stabilization of those assets the rents though, you know Equity that we fought and all that to become profitable. So it's a long-term play. It's a long-term place a legacy fund, right? And so that's what we are really campaigning for getting everyone to understand if you want to fix them flip a home and make quick money or wholesale real estate with no cash or credit cool come to J Morris Academy what teach you that you can do that in your everyday life, but if you want a chip in as a collective Something that to fits within your budget or we all could chip in the Empower our own communities and fund our own projects and fund our own deals without going to anyone else for help, but want to anyone else's table. That's what this is. So that's the the whole period it varies based on the asset or how's that work on the whole portfolio? All right. So like say for instance, we're building a legacy center, which takes is about a year and a half, you know development or whatever the case is, okay, but we have other fix and flips we funded that are instantly giving us mortgage money points for You right now and then we might build or whatever later. So it's a balance of the whole portfolio that we have. So some assets are instantly making money and some assets are long-term Investments, but overall wants to hold fund is profitable. You didn't get paid out you're accumulating 8% over every year which is preferred meaning before we split any profit you get your eight percent and every year you were older a percent and then you get your share of future profits. So now when we stabilize the legacy center, our projections are will stabilize it in the next year two years three years tops. We stabilized at Legacy Center from our leasing model and raise that value based on a market cap rate from a 3.6 million dollar development to a 7.2 million dollar valuation. And we either sell it and Lease buyback or we refinance and pull both of our Capital out and pay our investors back and you don't mean and all that. We still keep the asset. So it just like it means it's kind of complicated. But not spend on your level of sophistication in real estate. But the point is at the end of the day is watch How to kind of simplify is like It's a long-term play for folks to be invest Capital One and shouldn't invest any money. You can't afford to lose. You shouldn't invest, you know in any investment, right? You're sure no Investments guaranteed and I think it's guaranteed standard procedures. Right? But it's for that discretionary income that money that we blow that we don't look right. So we blow hundreds on sneakers hundreds of vacation hundreds on sparkles in the club. I'm just one all types of all that are loud build or happy hour bill, right? We blow all this money. But what if we were to revert a lot of that Capital even our Christmas Valentine's Day and birthday money like our consumer money and we will revert that capital and be able to pull it together to do something awesome and impactful in historic for our community. Is that play right? So that's that's what everyone is understand. It's about us pulling our own Capital to control our own resources in a very transparent a very regulated a very sophisticated way and you know, you know, you know again I invested in a fund 10,000 others match me 10,000 some invested. Some investor 40,000 some invested 500 but it's about doing what's in your capacity. But understand that we're doing it as a social entrepreneur vehicle with Mission involve is not just a real estate fund like that's easy to do as a real estate fun. But this is a fun for us to be able to control our own dollars manage our own dollars and do it in a way where it's not relying on any one person to save us. I don't believe we should wait on Jay-Z or Oprah or puffy. It shouldn't be their obligation to have to fund the whole community and all should ship In the van are damn selves. That's a fact. What what's the demographic of people that you see in that invest in? Is it a millennial move or is there a certain age that you've seen as is very is very diverse man. I mean even ethnicities. I mean we have white investors Asian investors black investors, obviously many African investors in America, but demographic wise did there are I would always want to say 50/50 Millennial and whatever that other generation is bright. You know moms dads people have been looking for something like this. They whole life like cinnamon and Civil Rights Movement. It has been you know born right after Civil Rights Movement. They was part of Black Panther Movement a part of the 80s Reaganomics and all that but people have been looking for a solution for our community and who are doing well or wherever they're in her life and haven't had a vehicle or to the millennial who just wants to own a piece of apartment building for $500 and imagine that you can invest $500 and literally be a fractional owner in a 98 unit apartment complex plus commercial real estate and ice in fact and their life and So the the Tulsa fund has been around for a little over here like yeah. Oh, yeah, right and so you guys got off to a historic start and then but you had some issues that you beat with the feds, right? And we spoke about some issues with the first shot to my brother Chris Gotti That's not from Murder Inc. He told us about their issues with the feds how to beat the feds. So the reason why I bring this up is that we have to be you have to tell the full story a lot of times when highlight when you stories are told it's like know it but then it's like if you get exonerated that part never really gets told right, so can you talk about that a little bit as far as like the investigation or I don't even know what to call my phone investigation. But whatever the yeah, we called probe investigation subpoena, right? So we were subpoenaed by the FBI the doj, you know FBI and the SEC. I don't have an exact reason why my instinct is that all the Negroes that thought this was a scam why I don't know but I thought this was a Cam or Ponzi scheme and kicked up fussing and making YouTube pages and Facebook pages and really bashing this historic fun as for our community. I believe, you know that and other activity by people are making my face fake pages on Instagram and trying to PayPal Tulsa scams and all that. I think that you know likely put us on folks radar. I'm obviously I'm not the most conventional fund manager with with my background as well. But however the less we ended up on their radar and they subpoena dust for Documents they want to see over fifty thousand emails. They want to see our financial records They want to see our infrastructure. No. Oh, yeah the whole thing. So we start here you go, you know, here's the whole thing follow the money, right? Let's say follow the money and I won't say we beat the feds. I don't want to put it like that but I will say that they have been gracious and I believe fair with us, you know doing their job and after reviewing our emails that are viewing our financial records They ceased their investigation, you know, they reserve the right. To investigate at any time but they did seize their investigation, but they thoroughly looked into it and they didn't find nothing. That was I'm just saying I'm just saying to have fifty thousand emails. They had our financial records. Our audits are bank statements or bank accounts are whole everything and they ceased their investigation appointed as important. So people should know that right. Absolutely. I'm just no I don't want no beef with them. I think that if there was something super egregious or you know, any major infractions that that you know, whatever. I don't want to speak too much just I'll just say that you know, God is good. We've operated as fun and integrity smile Legacy on the line bro. I'm not going to be the guy that raised money from the community that Around for the bang like that's not gonna be my legacy. Like, you know, I'm saying I worked too hard for this. You know, I got a family looks looks up to me and many people around the community look up to me. We're just doing our best job and do something never done before is it gonna be perfect? No on the Trail Blazers were fears doing it. I don't have a blueprint, you know, is that like what we are doing our best but operate with Integrity transparency, you know the whole first year of the fund. I deferred my salary up to know to know personal salary, no personal compensation whole first year, although freaking deserve it. But um again, we just want to move right man and just like get our people to feel comfortable trusting each other because the reality is, you know, which is going to be one of our next campaigns. We're going to be challenging everyone you guys everybody to invest is that listen to it only takes forty thousand of us invest $1,000 to raise 40 million dollars. That's it. All right, like yeah diverted from somewhere else 40,000 was put up $1,000. We got 40 million 40 million is a 20% down payment on a 200 million dollar project. It's just not that hard. That's a fact. So what's what's your vision like five years? Like well, where do you wear a billion dollars in assets under management billion black dollars in five years in all kinds of different properties all kinds of assets communities hotels hospitals strip malls International funding is not met mind you I don't want to be the biggest developer in the world. Okay. I want to be a great fund manager. The goal of the fun is not just a direct then we acquire some assets where could we have great resources and relationships, you know within different real estate communities. We get good deals. But really we want to privately land and fund other people's deals. Like that's really my focus is like, okay you come with a project that you found in your community. All right, let's fund your project right you came with a strip mall or you inherit some acres and land you want to develop that. Okay, let's fund your project. So or you got a loan from A bank in the bank's willing to give you 80% but you don't got to 20% Equity. Well, let's give you the 20% Equity. Right? So the goal of the fun is not for Jim Morrison to build a bunch of real estate. The goal of the fund is to be able to really be the rich uncle For our community to be for all of us. Do I'm glad you said that because I just thought about that we talked about earlier. You guys are funding get you're giving out money now, we're not giving out but you you're loading really been from day one. If you talk like a black woman out of Lake Charles Louisiana came to us. She got approved by a private lender that was not of our ethnicity. They approved there for a loan on 14 units. She got our appraisal back the property appraised for 200,000 more than she thought then the lender came back and said, well, you know what we want. Bigger down payment I never heard it. Olinda should feel more comfortable about loaning you money if your property appraised from or right, I mean they went and try to get more money for a down payment. So she did it. She couldn't afford they were trying to really box her out so she couldn't purchase it. Probably try to go behind the door grab it from her. Yeah, she came to me through one of my mentors and we end up finding her whole project the rehab the construction acquisition and all that and now to date she has her 14 units still with a few hundred thousand dollars Equity. So how do people want to Contact you about the funding like just for the funding standpoint. How do they is they like older and yeah funding and if you want to be a partner with us, right somehow not a donations not a Kickstarter. This is an equity owner and a partner or to get your to submit your deal for funding or Capital Partnership. Go to Tulsa tul sa real estate fund.com. Jae-min. Thank you for joining us. Like I said, this isn't if this is something that we were looking forward to glad that we got to do this in real life. And once again ya gotta stop asking now, you gotta have somebody else that yeah, I gotta pick a copy and they did it. So big homie. All right, so you just used to spoke about that. But okay. So everything else. What is the the contact information for all of your other businesses and everything else you have going on social media and how can the people appreciate that I mean? I want to challenge every woman like you guys hurt me spit game here today. Like I know what I know. You know, I'm saying like I noticed up and how to translate and related stuff we Teach this very affordably very relatedly, very accessible in a j Morris and Academy again Inc. 500 top 10 educational companies in the country. You got to go to Jay Morrison as ja why Morrison academy.com and we have a brand new curriculum. We just created over 85 lessons on what we call the rbc's so like in school. They teach you the ABCs so we teach the rbc's real estate business and credit. So we go over everything from wholesaling Real Estate with no cash or credit to fixing to flipping to homeownership 101 we go over corporate. All strategies we over branding your business marketing a business exit strategy operations how to manage a higher your team we go over credit strategies personal credit Family Credit business credit credit lines credit leverage, like all that bird a whole game. We bust down it's a lot I literally was like, okay. I got dumped everything out of my head to put into the curriculum. Like I'm there every year we update the curriculum and I went dumb everything out that I have. My partner will Roundtree my partner Isaac Grace, we all put it together and I mean At curriculum we have the quizzes the tests the assessments are basic curriculum starts at a hundred ninety seven dollars for the Year, bro, like all that corporate veil strategy homeownership flipping holding landlording all that for 197 for the whole year like fraction of your community college and then we have another curriculum where you can actually get weekly mentorship called yet all that plus weekly mentorship calls career opportunities joint venture opportunities funding opportunities with us and that curriculum is for Don yourself. The year, so I'm like, I'm really giving a community game. I mean, I like $16 with like $30 a month or type of things. So, you know again Jim Morrison Academy, you can find us for Education. You want to partner with me and with us on real estate assets as a passive investor and partner go to Tulsa real estate fund.com and for just everyday, you know game inspiration motivation or whatever else you think I bring to the table at mr. J Morrison on all platforms. So that's at mr. J Morrison YouTube Facebook fan page Instagram. Of course, I'm just trying to think you LinkedIn. I am only thing team runs it I'll run it. So yeah, so you've befriend me it ain't me but LinkedIn as well Tulsa real estate fund has a YouTube as well and Tulsa real estate fund on IG that page is popping JMA. So I'm just really proud of the companies that are first and foremost before the companies. I want to give thanks and not in the cliche way, but thanks to God just for really my my testimony and stress testing me. You know my blood. God stress test me to make sure I was ready for what he had for me who We wanted me to be so I thank God for his grace and shout out to my wife as well holding me down and but also don't get just I'm proud of the companies we built man. Like this was no easy journey. I talked, you know, I'll get my bag and I talked my shit but it's my way of kind of just like replenishing myself. God pour out and I give so much. We didn't even mention the 63 free Corner classes. I've done over the last four years. I was always 28 cities 63 free Corner classes, even the legendary 24-hour Corner class here in Atlanta only and Abernathy which I'll be doing another one. So, you know, I'm putting in work but against all part of that initial Mission. I talked about Bridging the Gap between real estate and pop culture. I don't care forgot doing in the corner. If I got do it online. If I got to create a fun to do it for that have a school to do it. We got a real estate brokerage coming out soon and a bunch of other opportunities that we bring it to the public and to the people and we got the legacy center the black house the all-black building in East Point 30,000 square feet. That's for all of us Sergeant. You know the for the building with you all. Thank you guys. I haven't even really appreciate you coming on man. Troy and items. Yes out everybody on patreon.com bastoche on you. Leesia are proud to pay program everybody that supports that we say we have a five tier program. You can join at any tier has different features that each to we got new members again every week we get to shout out people. So shout out to them Kino. I'm old not saying I right and the Kia shout out to them and everybody that's been supporting on patreon and Shout everybody has been purchasing the merch my assets or liabilities here is doing really well and people keep supporting them and we got new merch like you said we are you leaving will watch what happens when people come on after they do the episode they become ey alumni. So now you officially part of your love that well graduated that's doing that and I told her to so every city we go to we bring shirts and we have searched from the cities. So shout everybody doesn't person's personal. For sure for sure and then don't forget by the time you guys hear this. I think it'll be two days left. So it's not too late to register for our free network me and green Chicago not 26 and we're having our first workshop and Brooklyn but it's also going to be live streamed all over the world. So make sure you register that and that's going to be 10 17 and the book tip of this week because we always have a book tip is your book. Yeah the Lord of my land. Yeah. Yeah load of Mile and make sure you check that out. And yeah, and you should be a landlord man be the Lord of your land as a fact as a fact So, yeah. Thank you guys for Rocco Another Life. We'll see you next week. Peace.
Jay Morrison has been a leader and pioneer in the financial literacy movement for over a decade. He started in the streets hustling. After being educated on real estate he turned his life around and transferred his entrepreneurial skills into the business world. He’s the CEO and founder of the first black-owned real estate equity crowdfund in American history. The Tulsa Real Estate Fund has a $50 million dollar market cap. Some of its assets include a 98 unit apartment complex and an office building that is under construction, once completed it will house office space, production studios, and classrooms. In episode 38 he detailed his journey from transitioning from the streets to real estate, he also gave insight and broke-down key real estate terms and strategies, as well as outlining the vision for the Tulsa Fund. Guest IG: @mrjaymorrison  Book Tip: Lord of My Land   ---   This episode is sponsored by  · Anchor: The easiest way to make a podcast. https://anchor.fm/app  · Talk Money With Mesh Lakhani Podcast: On The Talk Money with Mesh Lakhani podcast, Mesh will follow paper trails, chat with experts, and break down complex ideas to bring clarity to the mystical financial phenomena behind your finances. 