Success Story of a Licensed General Contractor and Real Estate Investor

I’m a real estate investor, mentor. Most importantly, a licensed general contractor. And how much money do you make per year doing this? Last year we did 4.3 million. In a while was like around like 1.6. And how many years of experience do you have as a real estate investor? So, um, 20. Well, 19 years. 20th anniversary will be next year, so 20 years all together. And how many properties you currently own right now? Uh, right now we got like 111 doors. Wow. And how did you get started? Tell us your story, your upbringing. Uh, so my, uh, great grandma passed the house down that, you know, a lot of people didn’t want. So I end up purchasing a house for like $5,000. That house appreciated, like, years in the line. It was worth like two to 3 hundred thousand now. Have you always been successful? Tell us your story. Um, no. Um, so basically, during that process, I was around a lot of bad people as well. So I end up going to jail for six years. Wow. Yeah. Now, throughout the six years, what’s one of the biggest lessons you might have Learned while you were locked up? I’mma say, listen, um, it’s not really where you at is where your. Where your mind is mentally. So mentally, I changed my mind. I was like, I was in college. While I was there, I was studying real estate for dummies. Uh, I. I read a Rich Dad, poor Dad. Um, what would the Rockefeller fellas do? I read all these different books that transform my mind to make me be able to get to somewhere that another person won’t be able to get to. Now, if someone watches, want to get started real estate, what’s the best advice you give them right now? Listen, I will say the best advice is it’s not really about how many doors you got. It’s really all about how much cash for you that you’re making. So I just start in low income areas. So I might buy a house for like maybe 40 to 50,000. So we do stuff called rooming houses, where is though, we can rent rooms out for five to 6 hundred dollars, right? So we paying 50,000. Um, the average mortgage on it might be like $600. So one, one room will pay off my mortgage and then we got 2,000, 3 thousand dollars worth of, um, cash flow from there. Now, are they like specific websites or things I should do to start finding these properties? Yeah. So basically the first thing you want to do is you want to go to somewhere called Philadelphia Gov. No matter where you at, you go to Philadelphia gov, Delaware gov. And then you’ll be able to find out how many abandoned properties that we have. And also the land bank. So after you go to either one of those sites, now you’re gonna go to True people search com. That’s how you’re gonna find the owners. And then from there you just gotta know how to do an assignment agreement. Um, you’re gonna offer them about uh. If the property is worth 100,000, you’re gonna offer them 50,000. That’s 50% to you. So now you wanna, you know, basically send them that contract. And then from there, that’s how you get a cheap property. So now what’s a secret or hack that you do in real estate to make you more money? Alright, so listen, look, this is gonna be real big. So I’m a licensed general contractor. So I import all my flooring from overseas, I import all my cabinets from overseas. That’s how I save money like that. Um, you wanna make sure your license to do this as well. Now why does being a general contractor help you save more money? Why? So I. I save a lot of money by being licensed because I understand how much everything cost. So I know how much a kitchen cost to um. To put together with the materials and with the. With labor. I know how much a bathroom cost with kitchen and labor. So I know how much everything cost to do labor and material out of each job. That’s what you need to know. That’s the most important thing in real estate. No