kind of like if i play basketball and i
was on the bench while he played i'm
still cheering him on from the bench
right cool when he's tired and needs to
come sit down and drink gatorade i'm
ready to
take his place on the court yo so you
can do it doc
doc
this you come to the table like this
what's happening
pull up to the table let's go so real
estate investing is a 10.5 trillion
dollar industry i'm saying one more time
the real estate investing industry is
10.5 trillion
dollars a year industry and a survey
reveals that 28 of americans prefer
investing into real estate over stocks
which
i wouldn't say that's better or is it
worse i think both have its equal
importance right
it's a great way to make money and
secure your financial future but you can
also lose money if you do not invest
correctly and if you don't get the wise
investment strategies and tips and
wisdom on how to properly invest now you
all know me when it comes to real estate
investing my preferred method is that
you are debt free okay
you have a fully funded emergency fund
it makes
absolutely no sense to be going out here
racking up getting all these properties
and you don't even have a thousand
dollars in your emergency fund but
you're talking about like yo bro but i
got like i got like 100 grand in equity
but it's not liquid cash to where if you
needed to pay for
to replace a tire or get home to a loved
one you can't do that
quickly and so be debt free have a fully
funded emergency fund
and when it comes to investing i'm
really excited about this because my
mentor and friend dave ramsey he says
you'll use cash to invest into real
estate
and i'll be honest i'm investing a
little bit i have not invested into a
whole lot of real estate so i went on a
search i went on a search to find
someone who has done that method and
while i was researching and looking up
i came across a sister
a a a sister
not a sister a
a
s-i-s-t-a
a a sister that looked like me
and she's like 10 years younger than me
and she's doing it
and she is paying cash her and her
husband
are millionaires her and her husband are
in their 20s and they do real estate
without racking up any debt so y'all
today's show is going to be absolutely
amazing
but before we get to today's show you
know investing in real estate is
important and to invest you got to have
cash if you have cash you have your
parking somewhere
that's giving a little bit of you know
return on your money like a savings
account check out this quick commercial
and we'll get started on today's show
yo listen man really excited prize pool
go to anthony.com for sas savings uh
they are where i prefer to park my
emergency fund my savings account when
i'm saving to buy real estate when i'm
saving to invest i park my money over
there savings accounts so go check them
out um at anthonynil.com forward slash
savings but today on the show i have dr
jamesa bennett a doctor i mean so not
only is she wealthy
she a doctor
i mean she an educated doctor like like
a legit doctor
and jamisa is a real estate investor who
teaches people how to build a debt free
debt free debt free debt free
real estate portfolio she's also
personally debt free
personally debt free
i'm gonna repeat it one more time she is
personally her and her husband are
personally dead free
and did i say this already she's sister
y'all let's welcome my friend my new
friend to the table dr jamesa bennett
what's up sis
yo when you walked through the front
door
i was like oh yeah she a vibe
yo you're definitely a people's person
yeah you love people yeah you know what
i'm saying my team walked through the
door i was like yo that's not just me so
you know she's a multi-millionaire he's
like she said right now i'm eating
that's it
yo you chilling i came in asking for
food you sure did where's the food
everybody's eating i want to eat you
break bread with your people where is
the food
yo i was like yo this is
yo i love it i mean your energy is is
amazing let me turn on my clock because
if i don't turn on the club my
producer's like uh hey yo yo yo yo uh we
going yeah exactly hey can you reset
that all right cool um
so let's get straight to it because
people are saying wait wait so she's
she's how are you again 28. how was your
husband 30 how many kids you have four
four kids we have a dog too oh okay
we got one son three daughters and a
puppy and a puppy who's the oldest your
son the oldest fine oh that's cool he
just turned eight yeah that's good
that's good so he he gonna be like me
he's gonna be the big brother protecting
his little sisters yeah and the dog's
gonna be protecting all of them yeah i
feel like he's already the boss of the
household he negotiates really well
yesterday though he did say they are
pestering him
i feel like he'll have the phd next i
don't know he he's different you have to
interview him uh my brother's the real
thing i should have told you to bring
you bring him with you i usually do
today it was a school day though so we
got a whole like work life balance thing
going on yeah um i hate the right
balance because usually if one thing's
up the other is down right so i would
say more like a flow yeah that's good
and i love that i love that we are
breaking like norms for what black
family and black love looks like we do
what works for us for real what do you
what do you think is a norm for black
love and black families like what would
you say is that norm
struggle of
um
if i had if i had to just
first of all
as african-american people we let love
and loyalty become a prison for us
and we get bogged down to like gender
roles and who does what like you know
usually the husband's out first thing in
the morning so the wife is getting the
kids ready for school and making
breakfast and packing lunches we
intertwine what needs to be done when it
needs to be done and our love doesn't
hurt if something does not work we
express that wow so now we've been
together since 2011 since i was 17 years
old wow we've been married for five
years though okay okay i'm saying
consecutively all of those years we have
been together so we know each other you
know we grow together we fuss he's my
best friend yeah and i feel like that's
the best part about this whole journey
everything everything that i am today is
because of him and his support yeah and
he's like not on the fence about it like
he doesn't care he's like oh it's your
turn to do an interview knock em dead
wow
not like oh you need to be the one doing
xyz
no he's like oh you want to hire help
cool like he let me get a nanny he let
me get a shelf let me do it i cook
really well too wow but he knows
sometimes i'm tired yeah yeah right so i
think having a good partner in this
that's like the deal breaker it's going
to either make everything or break it
and i hate to see alpha women you know
kick this
not i don't need a man thing i think
feminism
um it took us for a whole journey
and don't get me wrong i am a black
woman yeah i was raised by a black woman
i understand the power of a black woman
but i know that it is not sufficient
without the power and strength of a
black man
it literally you need one one hand why
should the other is the power of two yes
um
just say that one more time the black
man parts oh you just need it we need a
black listen
i'm a force
without my husband i don't know i'm just
eating
i heard someone say yesterday that a
black woman doesn't need a black man for
anything
they made that up
they made that up i think that
we are sometimes so used to being let
down because we set expectation without
gps right so like if you want to go to
walmart and you're in a new place you'll
say i want to go to walmart and you will
allow siri to tell you how to get there
wow you get a black man and you like i
want you to be a one percenter but you
don't leave room for the navigation for
that man to get there
so because we kind of you know know
that this might not go right we kind of
like tell ourselves we don't want it
wow that's the instead of just making
room for error wow would you say you're
out for woman i would
do you think that is a downfall for you
and for your marriage no because when
i'm home first of all your alpha woman
you run everything yeah yeah when you
get in the house you don't want to run
nothing
you thought i'm tired i've been telling
people to do all day yeah yeah you tell
us what we eat so i could just cook i
don't feel like sinking
the laundry needs to be water let me do
that because your mind um is so consumed
with just your day-to-day activities as
a successful business owner you know
being a woman you gotta put us like
tough exterior on too especially in real
estate it's male dominated yeah yeah so
when i get home i want to be safe
i want to be free i want to take the wig
off yeah you understand what i'm saying
like i want to be myself yeah and it's
impossible to do that and go home like
it's weird it's just like you working a
full-time job around the clock 24 7. i
had someone on the show wouldn't say her
name because i want to be respectful but
she made me she requested she didn't
make me do anything she said she was an
alpha woman and she told her husband
what to do
and uh
she made me and cj not do the show
because she was embarrassed by saying
she's an alpha woman yeah i'm like
there's nothing wrong with saying you're
an alpha woman but if you're alpha woman
when you go home to your husband yeah
something's wrong i mean and it's not
really it's not right because you're
still an alpha woman when you're
with your husband it's just that you
know how to submit to y'all's vision
y'all's partnership yeah it's called
leading from behind
a woman's job naturally is to support
the role of that man
now as a good partnership he want what's
best for y'all anyway right so you still
have a common interest in a common goal
in mind so it's not like
you're forcing him to do anything that
wasn't going to get done anyway you're
now just helping him it's kind of like
if i play basketball and i was on the
bench while he played i'm still cheering
him on from the bench right cool
when he's tired and needs to come sit
down and drink gatorade i'm ready to
take his place on the court yeah so you
can do it doc
doc
this you come to the table like this
that's my god he's definitely my best
friend man i can tell yeah i mean i
should man i needed him on the show
because i i think a lot of men and this
we don't get to while you're here
because we want to learn how to get to
this bag right but i think a lot of men
are like okay cool
i don't think men are intimidated by
alpha women they're not intimidated by
successful women but they're turned off
by women who don't know how to come home
and be the woman be the wife be the
mother be the supporter be the help mate
they want to come in and be the
masculine the boss you know and and i
don't want that no but when you go out
man if i gotta if i gotta carry your
purse while you're working i got it
that's it i got you girl
yeah you need you need makeup in your
burst the way it crooked move
i got you yeah but when we come home i
need you to be my wife that's it and i'm
gonna be your husband you know what i'm
saying i'm gonna protect you i'm gonna
provide yeah whoo we gonna make four
kids yeah
operation i feel like marriage is a
partnership you can't lose sight of it
it is operational it has to be
functional
so like we'll talk about men and their
emotional or whatever but if you
thinking for him how do you want him to
go outside and make decisions
he doesn't know how he's not comfortable
or confident enough to say anything
because he's looking over his shoulder
like am i in trouble it's one of those
things where like
unconsciously women become the mother
figure
in their marriage and they get upset
because i can't relax i don't feel safe
i don't have the stability bro you took
that
get a ball back
and he might not make the shot like we
got to call a spade a spade he might not
make the shot but praise the fact that
he took it oh
because then the next time he'll learn
damn my angle is off
it's just a lot of stuff that's one
thing where you just do that right now
can we just
she said praise the fact that your man
even took the shot and you know what
and let me just get let's get to this
back
yeah you said something that was just so
it's so good that i think a lot of men
are wanting is they want to be
celebrated by their loved ones for even
making the attempt yeah because i know a
lot of men who are not even making the
attempt yeah you know they're not even
trying to strive to be better
you know they're they're just they're
okay with just settling
and um i can't me and my uh my boy cj my
producer man we're always talking about
what can we do more what what can we do
more for our families for our kids you
know every time i talk to him he's
thinking about his lady his daughter his
son he's always thinking about what can
i do to better my family yeah
and i just love how i love hearing like
y'all two do that for each other yeah um
so you
all uh recently paid off some debt and
it really wasn't a lot let's be honest
nah so the crazy thing is
whoa um i never allow myself to get in
debt ever
we got that in common simply because i
don't remember to pay bills like i don't
know
what day is it the first is it during
the fifth it becomes a thing
it is to be managed and it is to be
played with like we had a conversation
early on we talked about a very
prominent investor and how that person
just loves leveraging
and he likes to to get in debt yeah but
it's at the expense of other people yeah
if it was his own debt it would be okay
yeah yeah but you have a whole
foundation yeah you have an enterprise
right which is forcing other families to
build into your american dream
that doesn't make sense it's not even
ethical if you think about it
um but you know neither here nor there
that's what works for that person me
when i originally got started in real
estate so my husband he already had a
construction background his father was a
carpenter so like that was his hands-on
thing okay boom
i was 19 years old and my grandma passed
away so i'm the eldest of ten hence the
people's person i know how to get things
done you got ten siblings i have ten
siblings yeah
you're the oldest
i've been big misa for a while even when
i was small
so um she passes away i'm on her deed
because at 19 i had a car
i feel like i was in college i had a job
you know i was jamesa right
and so she passes away my name is on
this piece of paper i'm like
so i'm like well what are we going to do
you say well we can stop paying rent
here and we can just move in and fix it
up right it's a vibe i'm like oh that's
doing good okay we're gonna
move into grandma's house yeah
grandma she tying shirts around the
pipes under the sink
grandma got the drop ceiling with the
panel on the wall
the original hardwood ain't even hard no
more got to squeeze so
you know is this a thing that we have to
make decisions because we're relived at
the time although we were paying
probably way too much
it was fit for millennials yeah right
um this is prior to us having children i
feel like we were on the brink of
actually having our fruit no i had my
son when i was 21. so we were like on a
journey
it's us long story short we end up like
we got to fix this up then we realized
we can't afford it
unless we went into debt
but at this point we don't really even
understand what debt looks like credit
leverage equity it was a crap ton of it
right she it was free and clear when she
passed it away right and then you got
the american greed yep so my family
which is father uncle
uh no three uncles and an aunt
twice my senior they didn't even know it
was mines
so they like going at each other like
yeah i'm doing this changing the locks
um so my great grandma who raised me she
pulled me to the side and she said
you're gonna have to tell them that's
your house
look what they doing to each other i
don't wanna
intervene
let them have at it but just like
clockwork i did end up having to tell
them because they was just taking
liberties that weren't theirs right
and uh magically they stopped hating
each other and joined forces to hate me
it was a wonderful thing
i put my family together um anyways it
ended up not working out we couldn't
afford to fix it it's like every time we
touch something something else broke uh
it just was a lot
and then
it was up for sheriff's cell at a point
right okay and this is my first time
even knowing that people can take your
housing i thought when something was
yours it belonged to you yeah yeah
that's not how it works so i'm like okay
either they're going to take it or i'm
going to sell it right and the guy who
lived next door to my grandma at the
time well shaved three-piece suit
cufflinks right three-story house
rooftop deck
brand new construction right which
mirrors every other house that's on that
block
i don't even know gentrification when i
see it i never knew what it was called
right i remember that black had no
houses on it right anyways he gives me
the number to his realtor
uh we list it he said well listed at 115
which was really cool to me because as
we're putting it together we were
getting offers for like 60 and 50 and
they were saying hey it needs a lot of
work this all is worth it's a lot let me
just take it off your hands so he says
115. i'm like are you sure she's like
yeah
six days in we had a bidding war
152. okay 52 cash and i it was six days
i didn't even let it keep going right
let's take that one because i was scared
like i didn't know how it worked i'm
thinking can they change their mind you
know so whatever took the offer cleared
152 000
and we were on our way wow
wow wow wow so
was that the beginning process of
y'all's real estate journey because i
know your husband was in construction
yeah but for you on your side commercial
buildings like your dad had pharmacy
contract stores and stuff like that but
he never owned property i don't think he
created it from that point of view it
was still worker mindset
because even with his day he's a
carpenter he has a construction company
he does lead abatement at all but he
still worked every day like that's
kind of all they know to do is man
sometimes
so yeah that was our first introduction
to real estate so you are 28.
until september until yeah so you're 28
until september today right
you own 28 properties properties are 29
now
28 29 28 29
and 27 28 of them are or 100 all of them
are definitely except one except more
let's start from the beginning how do
you do that
okay
so here we are 152 um nice agent made a
commission is great nice agent
introduces me to nice friend who's a
financial advisor okay financial advisor
says hey give it all to me right now
come back when you're 60 i'll put it in
a roth ira
what is that that was just something
that you know it's an investment tool we
call it an investment vehicle okay so
what do you invest in stocks uh he
didn't say real estate he just gave me a
bunch of scenarios
and i said well what happens if i need
money in the meantime because i don't
want to go back to work that's crazy
right he's like oh i'll give it back to
you but you'll be penalized for it
because i give you my money for free
and then you charge me to get it back
and i know i'm poor at this let's keep
in mind i know that we need money like i
know this right right so like i don't
really like the idea
and he was a little agitated with me
like what you gonna do really that's you
know his whole demeanor i'm gonna do
what you're gonna do you said you bout
to invest it right well one house got me
this much money i'm gonna go buy more of
those
and just like that i got her from the
table and i know that he was like
punching the air behind him
you know young black girl law she don't
know what's going on right she's gonna
give me the money right or cuz they
tried to tell me i was gonna mess it up
right no i'm not why would i why would i
mess it up i got this far right so
someone buy houses um very arrogant i
underestimated the process for sure but
i meant what i said right so right after
that nice realtor introduces me to nice
investor this investor is really nice
though yeah to this day like we are
still really close friends he it was
crazy how the god introduced them to me
though he was like yeah he buys money i
mean he buys out real estate he fixes it
up he refunds and he keeps flipping it
like drugs that's what the damn realtor
said to me the vote is jewish with blue
eyes
so when i meet this investor i'm
thinking it's my boss but no he's one of
us so when he's flipping real estate and
refining it's like drugs is that the
only thing you can correlate to my small
mind right
luckily my mom was big meet the guy um
sit down he's like hey heard you want to
buy houses what do you have to spend
simple me we have 150. you never do that
if you're listening don't ever tell
anybody how much you have to spend
um if you don't mind me asking where'd
you get it oh so my grandmom's house in
south philly got 152.
why why'd you sell it you had equity you
could have refi you could have fixed it
up you could have
he gave me a laundry list of things in
five minutes that i wrote down um and
that was like my first real crash course
at the table but i still got three
properties under contract sight unseen
i don't know if you guys want to do that
either um you know sight unseen he had
one that had a tenant in it already
gratefully occupied he had one that had
a tree growing that's my tree house baby
so if you ever catch me on youtube
talking about my trees
yup i got that one for 6 500. wow and he
i asked him if you could sell it to me
for 65 what did you get it for he said
25
where you get that from
he said the auction so now remember the
sheriff's own place they sell people's
houses said i was gonna take my grandma
house and sell it for 2500 still putting
it together as i go along not really
knowing right what it looked like full
circle long story short i purchased
three houses from him at that time and
then fast forward later um because i
bought houses from youtube okay and
people that were on youtube craigslist
instagram yeah my first wholesale lesson
i was at the table wow i met a guy on
instagram house looked really good the
treehouse taught me i don't like full
rehabs at all right and
the guy is like at the closing table
with another guy but the guy's eating
chips the one i met on instagram he just
eaten chips and i'm like well are you
guys partners he's like no he's the
owner i'm like well who are you
instagram guy so i'm a wholesaler
oh well what's that he said you see line
48 that 15 000 i got that for assigning
the contract selling a buyer so at the
table i paid 15 000 to learn how to
wholesale wow um but i mean it was all
games to me i never looked like like
felt like i was losing because i started
with nothing anyway right so i kept
going at the end of the year we had nine
properties no more money how was rich
cash for
that was it house rich
cash
[Music]
half of the portfolio was producing
now i would say a little more than half
i think we only maybe had three or four
that actually needed work okay so we got
some tenants i really learned that i
like turnkeys early on so now we're down
to our last i can't remember but it
wasn't quite enough to buy a house so i
thought okay um so we started to go to
the auction okay let me just figure out
what this place is people go there so we
can at least try to squeeze this i think
it was 7 500
and we won the property for 1700
it was a lot it was an actual house
but then i go to pay so we go up to the
front and they're like no we don't take
cash here
um not the full amount you put them on
deposit and you can bring the rest back
in 30 days
so the deposit was 600
oh that was crazy i'm confused you
bought it for 1700 at the auction
but you only put down a deposit 10 is
what they ask for but they have a
minimum okay so every auction has an
opening bid yeah they have a deposit
that's required yeah and they have a
time frame in which you are required to
pay the balance yeah that's it 30 days
30 days that was for me 30 days okay
some places give you nine months some
people give you a week some people want
it at the end of the business day right
depends on the market that you're in
okay that was crazy to me yeah cause 600
well we had that when we were poor yeah
yeah
so that's when i learned that the
auction was a wonderful place
six hundred dollars is what you put down
yeah and you have thirty dollars 30 days
to bring them 1100
so
am i am i guessing ahead to here
are you in a long term keeping or short
term long term so were you flipping
those houses at that time at the
auctions no so at that point i couldn't
believe we just purchased a 1700
property but moving forward every time
we got low on cash we were flipping them
so selling it before the balance was due
in that 30 day time period so this was
our way to accumulate liquid cash
without having to put out anything more
than 10 down so here's my question
because you're teaching me i'm not in
this space and so i'm asking all the
questions for all of us right that's
right what kind of house is except what
kind of house does seventeen hundred
dollars purchase
so the seventeen hundred dollars that
was actually a lot parcel of land which
in turn i end up using as a parking lot
600 a month so
houses i mean
they're going to always need work yeah
but the value of something remember what
we just talked about with husbands and
wives right yeah you might have a
diamond if you dig it out the dirt you
got to clean it you got to polish it you
understand yeah it's still a diamond
right right that's real estate right
you're going to get a property it's
cheap because probably nobody wants it
it's in a crazy area or it needs a lot
of work and then most investors they're
shooting for specific areas you might
get something that's in an area that's
like crazy people still live there
though
right so you have to consider all of
those things when purchasing but no you
won't get a turnkey for
dollars but you will get an opportunity
oh
now that
was a well that wasn't my job
no turnkey but you will get opportunity
and the opportunity may not come today
no but it will come yeah
so would you say out of those properties
some of that is going to be transferred
to your kids oh most of it
most of it most of it the only things
that will not be um is things that are
not in an irrevocable trust and that's
like leveraging like monopoly
because you always want to keep liquid
available to you just because like you
said if you get a flat tire yeah or you
need something crazy you want to have
that option right but you should always
have so you look at emergency fund like
a hundred thousand whatever number you
use right we look at emergency fund like
this amount of assets x amount of assets
available to you
so we'll use some as pawns for sure
that's what it's for right but for the
most part you hold as many as you can
because it's musical chairs what is the
goal of viewing your husband i'm curious
financially what's y'alls going man
so
my husband wants to make 600 000 a month
i think he said in on 50 different
states too i got to ask him again
something crazy he wants something crazy
but he's a philanthropist so we both
come from really really humble beginners
like troubled homes all of those stuff
so he does not waste food because he
remembers times when he was hungry yeah
yeah so like for me i wasn't a foster
kid but i was raised by my grandparents
my mom was young my dad was young they
were trying to figure it out so i have a
soft spot for children hence the foster
care initiative that i have going on now
so we just like giving back i don't
think we came up with a numeric goal i
mean millionaire was always a thing
right everybody's a millionaire now so
we was like oh this is kind of easy so
obviously you say billionaire but i feel
like our financial goal is to create
comments for our children
that's like a big thing we do look up
like rothschild stuff is a book called
what would the royal childs do
um and we started to look at control
said it one more time what what the
rough childs do what would the roth
child's oh i'm sorry what did the rock
what would the rockefellers do i think
that's what it's called what yeah i'm
about to say i might look that up right
now you know when you name books you
might hold up uh yep the rockefeller
oh yep yeah what would the rockefellers
do and it's about kids it's not about
kids it was more so how he set up the
generational wealth so okay phd
it is honorary but i had to do a
dissertation let me tell you how that
came about
i was speaking at schools because i'm
young and relatable and i prompted them
to try something i said hey
you guys all have student loans you guys
all are going to get a refund check
take that refund check and go to the
auction mark my words and i told them
what i got with my refund check when i
was in college which was a paratory
birch flats
a bunch of sweaters from forever 21.
what else i guess i'm crazy but for
those of you who are listening a refund
check is extra money that comes to you
after your fafsa
right so take this and go to the auction
i'm telling you it's 1700 1800
long story short 35 of the class that i
taught really bought houses
and 35 is not a big number but i was
really good with conversion rates anyway
because i'm very natural when i speak to
people i'm like you i'm one of you right
right anyway
the board of regents was like hey do you
have actual curriculum
i was like no i got zoom classes
send it over
i'm thinking nothing of it it's me in
front of a ring light teaching people
you can still hear that it's the q a you
know you record the whole segment yeah
they're picking through it i didn't know
that they would actually look at it i
didn't know what they were looking at it
for
long story short they then offered me an
adjunct professor position
um i did really good they saw how i was
operating and they wanted to offer me an
honorary phd wow but i had to do my
dissertation so during my dissertation
process i was defending generation of
real estate you know
that whole bit and when you google it it
says money and or assets pass from
generation to generation
i argued it i combated the whole thing
and i said that instead it was work
which is wisdom opportunity resource and
knowledge
i give you money yeah if you don't know
what to do like i could have sold my
grandma house and flexed i could have
did a lot of stuff i could have been
very afraid
and let it go to the auction and not
gained anything
i could have learned my wholesale lesson
and thought i was in over my head i mean
even when i sold her property i made 152
only to find out i could have sold it
for 350.
you know it was so many times where i
could have said this is not for me
but i decided to persevere instead and i
kind of kept going and that's how i got
to this point but when you think about
money and you think about like how it
works there's nothing more than a tool
which is why it goes up it goes down
you know it's paper
they grow up and tell you money doesn't
grow on trees it's a lie paper grows on
trees they print it out whoever said it
was like these cliches that they give us
um it's super crazy so
our biggest thing is to make sure that
our children understand that they have
options
give them flexibility
expose them to different things they
live on a golf course now and they love
it
closing on the property 20 000 square
feet 77 acres of land what do you do
with 77 acres i don't know yet but
they're gonna do something with it
they'll see it they'll see it uh my
husband he's in a farming he's from down
south originally where his family is she
knows south carolina me too i'm from
columbia he knows all riley you know
riley absolutely yeah so my grandma
right now where is she
she's in south carolina so my great
grandma anyways he's in all of that he
used to pick bullets wow and i remember
when i because they still do family
reunions his family i would go
and all the kids get their baskets and
i'm like we bout to go pick cotton what
are we about to do
you know they would be going to pick
fruit and like listen they fished and
his uncle would fried a fish and it was
something like i never saw before i'm a
city girl so i didn't know
um but that's what we want to teach them
yeah living off your land togetherness
family like harmony really harmonizing
and not
you know just a crab and a barrel type
of mentality because that is very
consuming i feel you
let me ask you this question what would
you say y'all's net worth is with when
it comes to the homes now
six million six million the portfolio
with real estate alone and as a
millennial
28 and 30.
how much i i'm just gonna pause right
there
yeah
six million
and that's and that's papers see i go on
live i show my receipts i show deeds
because it's a lot of people who cannot
do that we know that because we were
going to participate in a hedge fund
we'd be doing big boy stuff yeah that's
right you gotta know your numbers got to
know your numbers
you know i i
i invited you to the table man because
someone told me it's like man you can't
you sh you should always borrow money
you should always stay in debt
especially when it comes to real estate
because that's an asset right you know
and my philosophy is i believe in assets
i just don't believe in debt right now i
don't have a problem because i have a
mortgage on my home you know
but i mean what
i'm not going to have
28 properties or mortgages on
because if if life was to happen i don't
have the income to pay for 28 hours not
not if when life happens thank you for
correcting me because it will it will
happen kovit showed us that it's going
to happen
um
why would you say it's important for
especially black people black families
but really all people because i have a
very large audience right to be
debt-free
um
you think about being a slave
and you think about being told you're
not good enough and you can't do
anything
but in the same breath you're doing
everything
raising children mining crops picking
cotton building houses being beat all
the tormented all of those crazy things
you think about how they literally had
no control
over what they were producing
and then you think about us right now in
today's time would you want to have a
bunch of stuff that's not really yours
i mean even when you're debt-free you
still got taxes so we already gotta
battle with that yeah yeah but would you
want to have something that you're like
living off of it's fruitful you love it
you're excited about it and a person
like a mortgage company has a dual and
sale clause or you know they have
something where they're selling your
mortgage to somebody else and they're
just changing your terms and they pull
your livelihood from right up under your
feet
think about that as an individual
and then think about that as a family
what you tell your kids
when the sheriff come knocking over your
dirt locking you out your house
because you missed the payment because
life happened as if life doesn't happen
to them right
so you think about you know what's your
end goal in life yeah and
you understand that the more you
relinquish control
well the more you set yourself back
ultimately that's how i look at it i
think um you asked a really good
question earlier before we started see
we had like double interviews it was a
vibe it was vibe
but you said how hard is it to get
started in real estate debt-free right
and i said it's just as hard as it is to
get out of debt once you start real
estate with it and that was just so
golden i was about to ask you that
question it's the same process right
you're going to it's this these things
are inevitable okay
but if you're constantly in debt you're
on bondage how can you be financially
free
if you're in financial bondage
i want to be financially free and the
first thing you do is get along yeah
what's free about owing somebody right
not free right freedom is i'm cool i can
sell what i want to sell you know not
worrying about having to give this bank
the profit off the top because i owe
them yeah um we even talked about like
the american dream yeah people
automatically push fha and conventional
right 30 years is a long time even if
you purchase the house at 20 in 30 years
you'll be 50.
and 50 years old nobody wants to stay in
one place for 50 years or 30 years
pardon me so what you got to do then
rent it out
nobody has the common sense to pay off
the loan before they rent it out so now
you got a tenant that's the hack that's
the game there's a game right you got
your tenant paying your mortgage you see
tenant don't pay yeah yeah you got
another mortgage yeah cause you ain't
gonna buy your house debt free you don't
win from rob and peter right they're now
having a rob paul right you got two
debts right two houses yeah only one of
them is producing right and then it
stops and then for you
your house like your primary that's not
an asset yeah it's a liability you have
utilities yeah you gotta decorate it
y'all put food in the refrigerator yeah
you gotta keep it clean yeah you got so
many things so the only fulfillment you
get from that house is that you get to
live there yeah and i always say they
use equity you get equity and
appreciation and come on people don't
follow their taxes the right way right
we're not going to sit here and say
people writing off they're not doing
that they don't know how i'm not
faulting them right but if you had a
piggy bank which is your equity that you
never cracked open does it matter what's
in it right honestly let's see you got a
little glass bank right on your destiny
putting money into it over and over if
you never crack it open it doesn't
matter right right when you die somebody
else might get the piggy bank but if
they don't know his money in there they
might not even look that's true and
that's again you don't teach your
children how to look in the piggy bank
you don't have these conversations you
know so
i would just rather live life on my own
terms and give myself the opportunity to
figure it out there's room for failure
and there's room for error when you
don't have somebody down your back like
you owe me every single month plus
interest yeah that's scary now are you
teaching people how to get into the real
estate game without debt so i have a
course called the no debt real estate
method
but i think i uh i kind of fell back
from teaching i like it i do like the
idea of it um i have a lot of successful
students and clients as well like now i
teach financial advisors of athletes how
to do this like nfl mba i do those
things a lot but it's a mindset first
i'm realizing it yeah it's not money it
is so you know we talked about banks
with predatory lending yeah well right
now is predatory teaching
so me saying hey this is how you do it
doesn't mean that you are mentally
prepared to get it done right so right
now i just focus like i do my ted talks
and i talk about being ready you know
knowing that you're good enough
having faith trusting your process yeah
you know generational wealth you're
almost out of the other yeah really
simplifying the whole real estate
process as a whole yeah and then we can
get into how to go to the auction
wholesale that part is simple yeah not
easy but very simple yeah no i i i love
this man and and
this show has just been
this is crazy i got
i got two more quick questions for you
um
one is
why we were talking earlier did you
really buy a hotel
so let me tell you about that by
accident you bought a hotel by accident
by accident how do you buy a hotel by
accident well i mean you gotta afford it
but what ended up happening was auction
i was going crazy with the auction this
was a 600 run yeah yeah and i did it
with probably i think 300 and something
people
first i was like being sneaky i thought
i got over i'm gonna try this dude with
my friends i can't work as your sister i
don't know if we can keep coming back
right it's working now right so i'm like
oh we can make this a thing so we're
using instagram my husband's like yo you
gotta this is a business right i was
like okay i created a paypal like
business owners wow no llc i don't know
what i'm doing eventually somebody was
like limited liability i was like oh i
googled it you know came up with it
and after a while it became very
lucrative but very popular
it's one thing for me to say i'm
something it's another thing for
somebody else to say no she's she's
serious she helped and then it kind of
kept going long story short i got the
attention of a mayor there wasn't even
an estate that i live in there's a whole
nother mayor on instagram who was going
through a redevelopment process of his
city
he said you got all these people on your
instagram to talk about how you helped
them buy houses well i got some houses
they can buy
so at this time i didn't know again i
just show up and learn so i was like
okay let's auction them
let's auction them off yeah they were
owned by the land bank so because they
were state property you can't sell them
but people can invest in them so i can't
auction them off for profit but
we can put investment strategies
together so when we sat down and kind of
talked about what our plans and our
goals were so it's a hotel first of all
this specific place has a lot of hotels
that just didn't make the cut it just it
just didn't work for them everybody was
going bankrupt yeah things weren't as
lucrative you know casinos weren't as
popular because if you got one place
that has 50 casinos who's to say who's
going to go to which one right right so
is this building oh terrible the
building was very ugly
uh still reinforcement and concrete
though so no asbestos no mold that's all
we could hope for at the time okay and
it just made sense because i wanted to
do transitional housing for people who
aged out of foster care okay got you so
that was one of those things where it
was a creative deal structure um sat
down with the owner hey this is what our
plans are
now with transitional housing not to say
too many numbers but you get 20 000 a
month per person okay and that depends
on the square footage of the room you
put them in so if you have a hundred
rooms and you're making twenty thousand
dollars per room for occupancy you get
an idea of the numbers right if you put
two people in those rooms you literally
double that number monthly
right wow
so you sit there and you talk to this
person who got this abandoned the whole
time you're like yo
give it to me partner with me you know
how you want to do it and that was the
way that we were able to get started
without the upfront cash seller
financing is a thing right right even
that's tried and true for me today this
market is eight i hate it right i do not
do market deals right everything i do is
off market right the auction has a bunch
of inventory people are losing it they
look like us they're not educated you
stop it
you're going to lose it when the bank
takes it they're not going to give you
any money let me give you enough to move
forward and i'll take over the property
just like that yeah simple so that was
kind of what the hotel was except they
wanted two million dollars so it wasn't
super extensive okay and they weren't
losing it either but it was sitting
there for years yeah not doing anything
so you got people in it now for
transitions so that was being fixed it's
been fixed fixed and then y'all will
open up for transition we are and then
so i was running for state
representatives too
and i got the attention of another mayor
because i'm in a town that's really
small right i won't say where i live but
it's like the ozark kind of just more
affluent
and i was like okay the state rep said
hey i'm going for a congressman now you
should take my place
but she couldn't sell me on it she just
said it and i had to figure out what
that meant right so i was like okay let
me run i don't know what i'm doing my i
really am one of those people who just
arrives to challenge us i'm insane a
little
so anyways i'm doing that um midway
through i realized wait i'm not ready to
campaign this is crazy boom but the
mayor calls
i heard you running you'll be a great
ass that i looked you up i'm like how
did you find me she was like yeah you're
enlisted but you called the democratic
office not too long ago wow because
financially i'm a republican but i'm a
democrat at heart i got you like it's
just it's just one of those things where
if i get to the other side i might have
to bring my people and make them
understand what it means to be a
republican gotcha not just what it looks
like gotcha but anyways so she she's the
mayor of my town she's a woman and she
volunteers at a shelter substance abuse
so she takes me to this place right
and it's an old resort so this is right
up my alley resort hotel boom and
they're making 56 000 per person
a month
and she sat me down with the owner like
you can never underestimate your brand
and just how you carry a name because
some of this stuff just falls and i'm
telling my phone wrong one day and the
person said their name i'm like just
cover the phone like this
this is crazy right
um but yeah so there's so much promise
in that field so i'm sure we'll purchase
more commercial buildings because the
way we're looking at is just a
commercial building wow you say hotel
when you think of hospitality and
vacationing that's not what we're aiming
for we're aiming for a bigger space more
rooms bigger space
more yes
maximize your earning potential earn a
potential while minimizing your
liability and helping as many people as
you can in one shot
because it'll be easier to do that
opposed to just going to find 100 houses
because you'll get 100 houses but
they'll probably spread out you know
i don't know what else to do with this
show
i mean you you you and your husband have
accomplished a lot
and definitely have the tools
where can my people follow you to where
they can learn more they can get deeper
into this because i think that you you
have the the answers to
really how to get into this space
without racking up debt and we can't do
that all in one one hour yeah and so i
definitely encourage my tribe if they
want to get into the real estate game to
build generational wealth um and to how
to really do it wisely during this
season especially with the housing
market being so crazy high right now
where can they follow you to find out
more of your information rolls buds
investments everywhere so rose buzz
that's miss my grandmom's name is rose
that's where it came from tried and true
i didn't put too much thought into it
grandma was rose i'm a rosebud there you
go rules buzz investments on all
platforms and we're going to create a
code we're going to create anthony
because i like you your pool code said
go to
dot com savings i want something like
that i was on personalized since the
alpha's coming up i want something that
belongs to me
so we'll uh we'll create an anthony cool
for your tribe yeah and listen you know
pace yourself yeah you can get rich
quick but it's the reason why they
created the term get rich quick scheme
wealth is not quick wealth is long term
wealth has substance wealth has a good
foundation
you do not want to pour a foundation
full of water it will not sustain
create your foundation you know figure
out what it is that you need before you
start thinking about what you want yeah
right
it's not really money that separates
people it's desires yeah
this is
oh this is amazing yo this is amazing
y'all we're gonna drop all of her
information in today's show notes so
make sure to check that out and as we're
closing out today's show i want to leave
you all with today's scripture proverbs
chapter 31 verses 16.
it says she considers a field and buys
it from her earnings she planted a
vineyard
that literally speaks volumes to today's
show and here is today's affirmation and
i want you to repeat it after me if
you're watching this on youtube type it
in the comments um if you are listening
to this on a podcast in your car you're
in the shower you're cooking just repeat
this out loud at least five times type
it at least five times
i have been given endless talents which
i utilize to benefit me
and
the people i love
and we literally learned that today um
so listen hit that subscribe button if
you enjoyed today's show and watch this
on youtube please hit the thumbs up
button and share this with a friend
share this with someone and show them it
is possible
all right so it's your boy anthony
o'neil check out my girls information in
today's show notes don't forget to check
out my friends over there prize pool
they will bless you so you can start
saving that money so you can start
investing like jamesa and her
amazing husband all right peace out
y'all
[Music]
[Music]
you