@WisemanSaneleM1 "I put the wolves on ya, I put a price on your head
The whole hood'll want ya, you startin' to look like bread
I send them boys at ya, I ain't talkin' 'bout feds
Nigga, them body-snatchers, nigga you heard what I said"
One of the most potent teachings that I have is:
"Do not look for a spouse in a church, find a church in your spouse".
That's exactly what my wife & I did.
And that's why I am here today to teach you what many of you don't know.
I have been proven right almost always.
End.
Probably the most common question I get from younger guys is “How would you do it all again if you were my age?”
I’ll do you one better. Here’s an extremely realistic gameplan to get from ~$0 to $1MM in 5 yrs
I’m going to assume that you have a W2, are roughly 22 and have limited capital coming out of college
We’re going to get you from $0 to $1MM in just 3 deals
This is a perfect example of a great mid-level deal. Pretty clear pathway to make $200k here.
- 6-unit deal
- Low-in place income
- Huge value-add opportunity if you choose the right renovation scope
Property is located in a good supply-constrained market consists of all 2-bed units and is a good piece of real estate (as far as Class C properties go).
The first thing you’ll want to take a look at are the rents.
Rents: There are 3 options to increase rents on a deal like this
1. Increase without renovating
2. Light reno ($10k)
3. Heavy reno ($20k)
Most people would choose options 1 or 2. But since this is a higher end market, that’s the wrong choice.
A light renovation would probably allow you to push rents to $1,800. A heavy renovation would allow for $2,200 rents.
Given that it only costs another $10k to do a heavy renovation and that renovation yields an additional $400/month in rent, the math is pretty simple.
$400 * 12 months = $4,800
$4,800 rent increase / $10,000 renovation cost = 48% return on cost
Obviously if you can get a 48% return on anything, you should probably do it.
Something that’s actually very important in this deal is that all the tenants are month-to-month, none of them are on long term leases. This seems like a bad thing but is actually a good thing.
Reason why this is so important is one word: speed. That means you can get to the units immediately to start renovating.
In a deal where the total profit is ~$200k, if you can start renovating the units immediately, that’s very impactful.
Because of the month-to-month leases, you should be able to renovate all 6 units in just a few months and be in and out of the deal in under a year.
Possible areas of concern:
- Financing may be an issue, given how low in-place rents are and how in-place expenses are not representative of your expenses.
- Exit basis is definitely a bit high at $240k/unit. This is supported by the high rents but could be a cause for concern for future buyers. Mitigant is that the cash on cash will be 10%+ stabilized so you could just hold or refinance as well.
- NOI margin is high at 69%. This is largely because of the high rents. I allocated a full expense load to the asset at $8k/unit (and doubled the seller’s expense load). Less of an area of concern, more of just something to note.
- In-place laundry income seems very high for 6 units. This may include some other income as well, would have to talk to the broker about this.
Despite these areas of concern, it's overall a very attractive deal.
I don’t invest in deals this small anymore, but if you’re just starting out, these are the type of deals you should be looking for.
Adrenochrome 👶🩸.
The drug of the Illuminati bloodlines.
Adrenalised blood is harvested from tortured babies and children during satanic rituals to their evil deities.
Human sacrifice never stopped, it went underground.
Sales Lessons that I wish someone had told me at the Start
1. It's not about you
2. It's them vs them and you are the referee
3. If you let them talk they will sell themselves
4. If you talk you bore them
5. Make it about them, you will win more than you lose 6. Make it about you, you will lose more than you win
7. Ask expansive questions "tell me about that?"
8. The discovery part of the call is for them to discover about themselves, not for you
9. You don't have to be an extrovert to make it in sales 10. Introverts often make the best sales guys (listeners) 11. You can't outsell a bad offer
12. It's better to be a bad sales guy on an amazing offer 13. You don't have to be sleezy, honest guys make more money in long run
14. If a prospect asks questions mid-call, tell them you will get to it later for them and bring the focus back, questions allow them to take control of the call and ruin the flow
15. When you price drop you are not "begging for money" it's them vs them, they have told you they want this for 20–60 minutes, the pressure is on them
16. Objections are not real, they are a smoke screen for a different problem (they don't really want a proposal) 17. In objections your only job is to get the truth
18. Whoever is justifying themselves is losing the negotiation
19. Call out potential red flags early as they will come up again after price drop e.g. things that will disqualify them of make them say no
20. You don't have to be a suck up, nobody likes or respects a suck up
21. Find their reason why or their "F it" moment (something that makes now the right time)
22. Get the cost of inaction to make your price look cheap
23. After dropping the price - Shut Up
24. Be prepared to walk away
25. The client is often wrong (yes not always right) just because they want something doesn't mean you have to say yes to it
26. You get more respect by telling the prospect the harsh truth than you do sucking up to them or lying
27. They should talk 80% of the call, you 20%
28. Use negativity to get positivity - e.g. Considering you have no time do you really fell this is a good time to start X thing? They will say "yes because..."
29. If you are pushy they will pull back
30. If you pull away they will pull into your frame
31. Health, Wealth and Relationships are usually the best niches
32. The most simple offer is the easiest close (no moving parts) More moving parts = confusion/more time needed to make a decision
33. When you are up don't think you are the best, when you are down don't think you are the worst
34. Boring basics and fundamentals over slick tricks
35. Only care about the best outcome for the prospect 36. Never take it personally
37. Sell outcomes, not features and processes (boring) 38. Sell the final destination not the journey there
39. Never engage in small talk (ruins call makes you look fake)
40. Keep the call sales focused, always bring the conversation back to getting a qualification or disqualification
Some of you single women that are supposed to be married by now, do not know that the main reason why you're single is because of your mother's behavior.
It's just that those men will not tell you.
They'll just quietly walk away & let you be for the next unfortunate man.
End.
Men need God more than women do.
Devil needs women more than he needs men.
Any married man that fails to acknowledge God in his life, will give the devil a field day.
And I'm not talking about organized religion.
End.
You'll hardly see divorced men going for other men's wives.
But same cannot be said for divorced women.
And this is why I do not encourage divorce.
Because one divorced woman can ruin another married woman's home.
End.
If you're a young lady who cannot afford to recharge your airtime, fix your hair, buy your food or pay your rent.
And you tell another young man that he's broke, and that's why you cannot date him.
You're a prostitute.
End.
You don't have a girlfriend if you're paying her monthly salary for being your girlfriend.
You're dating a prostitute.
Marry her, and you'll surely regret your decision.
Stupid men.
End.
When it comes to emotional affairs, women don't deserve good advice.
Because they'll hardly listen to it.
But give them good advice regardless.
So that they'll never find an opportunity to blame you.
Because they're hardly accountable.
Don't be their victim.
End.
“If you want to educate foreign children and leave out the children of our country; ideally you’re saying that future of this country is foreigners” 📍- Jacinta Ngobese Zuma 💭
Catch today’s episode of #PodcastandChill at 3pm 🕒 on YouTube 🔴
As a single man,
Download your bank statement for the last 6 months.
Check all the monies that you transferred to your girlfriend and sum them up.
You'll realise that it's enough, or more than enough to pay your yearly rent.
Are you not a foolish man?
End.
Dear married men,
Let me repeat.
If you know deep inside of your heart that, you're not maltreating your wife.
And she is always threatening to leave the marriage at the slightest provocation.
Please do not beg her or try to stop her if she eventually carries out the threat.
Do not go to beg her to return, either.
What is keeping her outside of her matrimonial home, is bigger than what will keep her inside of it.
End.
When young men & women are in their 20s, it mostly always seems as if they're agemates or the women act more mature.
It's mostly so, because a woman seems more ready for marriage earlier than the man.
And a lot of these young women date & sleep with much older men (30s & 40s & 50s), including married men.
Or they do not mind to.
So it gives them the confidence or faux illusion that they're more mature in thinking than their 20s male counterparts.
This happens also in marriage where the man is 1, 2 or 3 years older, & they are married before 30.
The woman will most likely settle in faster than the man.
Because most of his friends will still be single, unlike hers.
I strongly believe that a man should not be far too older than his wife.
Especially his first wife, if he wants to be a polygamist.
Young women should not allow the fact that they can be approached by much older men, to distract or decieve them.
Some of them listening to my teachings today, would not have dated someone like me 10-15 years ago.
They need to be patient, & allow their men grow in thinking, finance and experience.
By the time a man gets to his mid 30s, he would have fully become a leader and more knowledgeable, & in control of his woman (wife).
Because he would have become a father, & most of his friends would have gotten married.
This is something that I believe a lot of fathers did, that I feel they would not wish for their sons or daughters.
If your father is 10-20 years older than your mother, ask him if he would want you to do the same?
His answer is most likely going to be no.
Date & marry women within your age bracket & generation, & grow and learn together.
1-3 years age gap is good.
4-7 years age gap is fair.
7-10 years age gap is a stretch.
Above 10...
End.
Around 2020 I wrote a very detailed thread on customary marriages.
Your lawyers on this app tried to clown me referring to me as a village lawyer in derogatory manner.
Everything I wrote was later on confirmed by the SCA and now Constitutional Court.
They now act like they been knowledgeable on the subject since forever 😂
Women are more loyal to their feelings, than your sacrifices.
Take every money that you spend on your gf (that you did not benefit from), as a waste.
If you spend on dates, it's not a waste because both of you ate & drank.
If you spend on phones, rent, hair etc, they're a waste.
Her birthday gift should not be too expensive.
Don't go impressing a lady that is most likely going to cheat on you, or even leave you for another man.
It's stupidity, not love.
If she doesn't want to be in a relationship with you because of that, it clearly means that she never wanted to be with you for you, but to be with you for your money.
A wife is completely different.
By accepting to be your wife, she has signed up for exclusivity, & to serve you as her husband for the rest of your natural life.
Not only that, she is going to be the mother of your lovely children, & support you in raising them, too.
She deserves to eat your money.
Not an ordinary girlfriend.
You young men have ruined the mentality of the girls that should be your wives with money, & careless spending.
And that's why they keep breaking your hearts, & cheating on you anyhow.
Transactional relationship fuels cheating & breeds severe entitlement mentality & greed.
I wonder why your fathers never told you all about this.
Because it's shame that it's now the order of the day.
Shame!