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Jan. 22, 2024 - Fresh & Fit
01:38:38
Justin Waller Returns!
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Thank you.
What's up, guys?
Welcome to Freshier Podcast.
Sorry my voice is terrible.
It's gone, bro!
We had three streams yesterday.
Let's get into it, guys.
We're here with Jay Waller.
Let's go.
As you can see, Myron's voice is gone, so we'll cover this anyway.
Guys, our sponsor is Rumble for the show.
Type into rumble.com.
We can find all our episodes, especially ones that are canceled, on rumble.com slash freshandfit.
Also, as well, guys, Myron's Twitter.
Oh, yeah, UnpluggedFidex, guys.
Check me out over there.
Sorry, my voice is gone, guys.
We did three streams yesterday.
We did, obviously, FedReacts, the IRL stream, and then I went ahead and game with you guys for a bit last night.
We went for, like, four or five hours.
Six, six.
Six.
Six hours.
Damn.
Six hours.
So, yeah, man.
So, guys, we're going hard in the paint, man.
Follow me on Twitter.
We're up to 75,000 followers now, man.
We've only had it since November.
We're almost at 100K. And, yeah, my voice is gone.
And then guys, check out FedReacts as well.
He does breakdowns for his investigations.
Yeah, I did, the last one I did was, I just did an episode yesterday on the El Paso shooter, guys.
Patrick, fuck, what was his last name?
Citrus.
Citrus, sorry.
No, go back to the FedReacts real fast.
Scroll down.
It's there at the top.
Go to live.
Videos?
Live, yeah.
It's going to be under El Paso, yeah.
There you go.
Yeah, Patrick, what the hell?
Did I not put the name there?
Pass the Walmart Shooter.
Let's put it that way.
Okay, that's fine.
Yeah, go check it out, guys.
Alright, and guys, if you want vlogs, man, check out the vlog channel.
I'm going to post a vlog where we were on the yacht yesterday.
Me and Justin talking business with another partner of ours.
So go check it out.
And then as well, guys, CEO Network, iValue, GiveValue, type into that.
We had a fire call with Ryan Megan actually yesterday.
He broke down how to model hikes on social media.
Very good call.
So go check him out.
Last but not least, in the building we got Justin Waller!
I have to account to this five, six hours thing with Myron.
Myron is the literal long-distance champion of doing a live stream.
When Myron comes over, it's like, okay, bring all the caffeine.
We're staying up all night.
He will stay there and answer questions all night.
Oh, yeah, we know.
David Goggins of doing podcasts.
Hey, man.
I enjoy it.
I love talking to the people, man.
I'm so glad you're here.
And it's always good.
So it's been a year, bro, since you've been on the podcast.
You've been traveling, doing cool stuff.
Your dad now.
Let's get into it real quick, but just tell us what's up with you.
What's the new updates?
Yeah, man.
Just buying as much real estate as I can.
The economy's not in the best place, so we're doing everything we can to add extra marketing to the construction company.
These things happen.
It's good.
So we're doing a lot more marketing online, a lot more events for the construction stuff.
We are going to come out with a syndication this year.
We're at 308 doors currently, seven trailer parks, a 64-unit apartment building, and then a couple of properties I own on my own.
Little duplexes, single families, a house in Dubai, a couple houses in Louisiana, some commercial property I have in Louisiana.
But I think we're going to go out there and raise some money and make some money with some guys that want to get into real estate.
It's a tricky situation.
Actually, I'm glad we're talking about real estate because with the election and everything going on, I wonder where the interest rates are going to go.
So it's like, is now the time where everybody's scared and we buy when there's blood in the streets?
And I think that's probably the case.
So because the interest rates are high, we're getting better prices.
And so we're hoping they drop and we refinance.
Yeah, I picked up seven houses last year, so everyone's scared.
You see the interest rates are not like, oh, 8%, 9%, 7%, and it's like, well, the good thing is when the interest rates are high like that, you can negotiate better terms than the seller.
Right, because the seller knows that you have that interest rate.
They know the reason why.
It's very matter-of-fact, especially commercial to me, it's very non-emotional when you underwrite a deal.
Yeah.
The guy that owns the property, he understands the math.
You understand the math, so you just have that conversation.
Hey man, interest rates are 8%.
You know that.
You know I need this property.
You've been getting the rent roll from this property.
You know what I can afford and what I can't.
And for that reason, I think we're getting better numbers.
I think the blood is in the streets right now.
The fear is right now.
Especially all the weekend warrior real estate people.
And that's why we're starting to fund this year.
I want to buy it while all these people have to come off of it because of the interest rates, because they can't get the price they want.
And then it's going to drop, and then we're going to refinance and make a bunch of fucking money.
Yeah, I think the interest rates are going to drop this year, and that's because any time it's an election year, one of the biggest things they campaign on is bringing interest rates down.
So they're going to definitely bring these interest rates down.
Biden's going to want to look good at the end.
That's why he's going to do all this border shit.
Let's go, Brandon!
Yeah, old Brandon, old Sleepy Joe.
You know, I actually find it quite arrogant that he's even the Democratic nominee.
Oh, man.
Just the fact that he's the nominee tells me they're going to rig it.
Yeah.
Like, everybody knows that God needs to be in a nursing home.
Yeah.
Just letting him run against Trump tells me they're either going to try to put Trump in jail or try to create election fraud.
DeSantis dropped out yesterday, and Vivek dropped out a couple days prior.
So, I mean, everybody knows that Trump is going to be the Republican candidate.
I mean, I... I think that's a no-brainer.
The Democrats know that.
It's funny, because they would have the elections, right?
Sorry, not the election.
They would have the debates, and Trump wouldn't even show up.
That's how far ahead he was.
You know how you know you're a big boss?
When you don't even have to show up for the debates for the prime.
Yeah, you never go to debates, bro.
Gee, competition is scarce.
Bro, that is a big mic drop for Trump, and everybody knows, man.
Yeah.
Even Ramaswamy dropped out, yeah?
Yeah.
He dropped out like three days ago and then DeSantis dropped out yesterday.
That's crazy.
I think he'll have a spot in Trump's cabinet somewhere.
Hopefully.
Ramaswamy, yeah.
I think he should be vice president, personally.
I would take that.
I would take him or Tucker.
Yeah.
I think him being vice president would be good because the thing I like about Ramaswamy is that he's saying things that a lot of people are thinking.
He's relatively young.
He understands what the younger voters are thinking.
He has some good ideas.
The only thing I think is a little bit crazy that he talks about is he wants to abolish the FBI. That's never going to happen.
You can't do that.
And here's the thing.
The FBI has its problems.
Don't get it twisted.
I'm not a big fan of the FBI. But you can't get rid of their premier law enforcement agency with that much history in the United States.
You can't do it.
And they're going to fight tooth and nail to fight terrorism.
Because that's the biggest thing that's going to keep them alive.
Because they have two primary goals.
Counter-terrorism and espionage.
Why does he want to get rid of it though?
That's a good question.
I don't know.
Oh, he wants to get rid of...
Oh, because it's top-heavy.
Which I agree with him.
It is top-heavy.
Yeah, we know why.
He wants to get rid of it because there's way too much...
So, the Bureau's actually a unique law enforcement agency where they have a lot of support staff.
They actually have more support staff than they have agents.
No other law enforcement agency is like that except for them.
So, I think he wants to get rid of all the brass to the top that makes things bureaucratic.
Hell, you know, Federal Bureau of Investigation.
Which I agree with.
I think that's a good idea.
But for him to disband the FBI, I don't think it's possible because they're just too big of an agency.
They have too many authorities.
They investigate the two most important crimes.
Well, we've seen what they've done in the past with certain situations and employees.
But for the talk, just a move forward.
But they're stupid.
You brought up a very good point, elections.
How do we manage to survive?
Because I feel like us as creators, we're kind of targeted because we speech a very truthful speech.
How do we navigate, you think, Justin, in this current marketplace?
Because obviously speaking, we're going to be targeted as well in this election year.
It's always going to be the same.
I always like to say I don't give a shit who wins a presidency.
And the reason is because winners win in every environment.
If you look over the course of history, no real winner that knows he's going to work, that trusts himself to get up and pull it up by the bootstraps and get to work every day is going to say, oh, wait, the Democratic side won.
I'm screwed.
I better go home.
You're just going to find out what the new rules are in the new rulebook.
And play ball accordingly.
I mean, winners are going to win in any environment, so I would stress to anybody watching that, regardless of who wins the election, you should plan to go to work the same way, which is going to be, what are the new rules?
What's in place?
What can I do?
What can I not do?
And then find your ways around it.
It's just like if they were to get rid of 1031 Exchange, for example, in real estate.
Oh, yeah, yeah, yeah, yeah.
Okay, cool.
But there's going to be something else there that you can do to get around it or find a way.
And winners always find a way and they find a way to win.
There's a reason teams, use Alabama, for example, in football, loses its coaches and its players every year, still finds a way to win.
Winners win in every environment.
It's interesting because people care so much about...
Obviously, we follow politics and everything else like that, reporting on it and stuff, but the reality is whoever's in office doesn't really make that much of an impact on your life.
I would argue maybe if you're a certain net worth, you want a Republican in there for obvious tax purposes, but in general, it doesn't mess you up that much.
Unless you're super, super wealthy, who's in office doesn't matter to you.
That's why all the biggest people that donate Have a lot of money.
Why?
Because they understand that who's in office affects them.
They're playing the game.
Yeah.
But that almost goes into a place where you get to a certain level of wealth that you're a part of lobbying in a way.
Yes, exactly.
And you have certain people's cell phone numbers where you can make big pushes and big swings that nobody has to know about, regardless of who's president.
And the reason I think things like 1031 would use 1031 again, or depreciation and things like that, Democrats own properties too.
And so a lot of times when I'm looking at, okay, what laws will they come out with?
How will things, how far will inflation go?
I think to myself, for people to be able to sell product or be able to do certain things, there has to be a certain part of the market that can afford it.
And because of where we are as far as being 1%, 5%, whatever that may be, I think that we're insulated from it because we have businesses that make us enough money that we can't get outpriced by the market because we're inside that small group of people that can still afford it.
You know what I'm saying?
And even down to consumer goods, I think that if you're middle-upper class, let's say, you're still going to be able to buy a house because if they made houses so expensive that only the ultra-realthy could buy it, then they wouldn't be able to sell the houses.
So DSLD or D.R. Horton would be fucked.
So I think the reason the interest rate's going to always go up and down is to kind of keep that balance.
And I'm not crazy about the interest rates, but I do think they're going to fall.
I agree with mine 100%.
Justin, let me ask you this then.
You know, we talk a lot about real estate here.
One of your expertises is like, you know, trailer homes, parks, etc.
How can someone go, for the audience out there, how can someone go about buying this?
Because it's not as expensive as people think.
So how can someone go about buying it and cash flow on it?
I'll give you a great example of a deal we just did in Ohio.
It was 35 units.
Okay.
We have this certain system we use with Google Earth, the rundown properties of mobile home parks.
Actually, I found this one through a War Room guy that was using that model.
Found this guy.
Tell us about War Room.
War Room guy.
Join the War Room if you want to do business with me.
War Room guy sent me the deal.
It was 35 units, 600 grand.
And because of the interest rates, we're like, okay, we'll buy it from you, but we'll buy it from you, IO. Called another War Room guy.
What?
What does IO mean for the audience?
Interest only.
Okay.
So instead of paying principal and interest, imagine having to pay principal and interest so the payment is substantially more.
The base payment plus the interest on top.
So I'm paying interest only.
And what that does, it's on a balloon.
So five years.
So at five years at interest only.
Let's say the bill was $20,000 a month.
Let's just say, or let's say it was $30,000 a month if it had been principal and interest.
I'm just throwing these numbers out for round numbers.
But I'm paying $15,000 a month, which means I'm pocketing that money.
What we're doing, because I think our biggest risk is interest right now, is I'm putting the money back into the property, buying new trailers that are on lots that were not filled yet.
So by the time I get to the end of that balloon, I'm going to have so much equity after the new appraisal that it's going to be a layup to get good debt.
Okay.
Another thing that we're doing, so I get the deal from a war room guy.
There's another war room guy that had been in touch with me that wanted to get in on a deal.
We took money from him, so we're zero money down on this deal.
Okay?
And now we're filling it with mobile homes.
We have a team that's buying off of Facebook Marketplace from distressed sellers.
Or we're moving trailers from other parks into the park.
We pay to move it, but we have them in there.
And we're driving the value of the property up.
And then we're owner financing.
Well, we're lease optioning the trailers.
Lease to own?
Lease to own.
So, for example, there's one trailer we bought.
We bought it for $6,000.
We sold it for $20,000.
We took the photos that the person that we bought it from had online and then sold it for $20,000.
Took the $6,000 from the buyer.
Paid them off, moved the trailer, so we're in the cost for the trailer, $3,500 to move, and then utilities.
Okay.
And we're almost already in the red, I mean, excuse me, in the black after a few months.
Wow.
And if they ever leave the trailer, we repossess the trailer and sell it again.
What's the average price of a trailer home, you would say?
It depends.
So they can range anywhere from $1,500, depending on how much work.
I think you can get into a trailer for about $20,000, $25,000, really good.
And then you can go buy a new one.
That's not bad.
It could be $60,000.
But where it's really beautiful is even when they pay it off, you still have the lot rent.
Ah, the land.
The land.
And you get the depreciation on the land.
So, you know, I have seven trailer parks now, and I think that we'll probably buy another couple this year.
I like the apartment buildings.
We had a lot of capex in the apartments this year.
So question, just for the audience out there, because you went really fast at it.
Yeah, yeah, my bad.
Okay, because I want them to kind of understand this whole, because you're procuring houses in a completely different way.
We typically tell guys, hey, you know, go with FHA loan for your first property, house hack your way in, et cetera, et cetera.
I did that.
Yeah, and you're talking now with interest-only loans, et cetera.
How does one go about getting an interest-only loan?
Because obviously this is very good stuff, because you're able to basically, instead of paying the principal, you're just paying interest, so that allows you to pocket all that money.
And you could do it for a period of time.
I have two deals like that, too.
And you mentioned that you're paying only interest, but it's a five-year balloon.
Can you explain that to people?
Cool, yeah.
So let's talk about the negotiation of it, right?
So let's say we look at the park and we underwrite it.
And we say the net operating income is X, which is the profit for anybody, to make it simple.
Yeah.
So the profit is this.
But if I buy it from you for $600,000, the debt service, and I think this is where people really make a mistake.
They look at the cap rate, which is the return it would be if you paid cash for it.
I'm trying to make this as simple as possible.
And they look at the net operating income, but they don't think about the debt service.
And the debt service can get you in trouble.
Paying your bills, guys.
Paying the bill.
It's the cost of money, if you will.
But if I pay you 8%, let's say I put down $200,000 on $400,000, the cost of that money goes against the profit, and that can get you in trouble.
So if I'm looking at it and I say the net operating income and the cap rate says that I should probably pay you $550,000 for this place or $500,000, especially based off the fact that I'm accounting for the debt service, the 8%.
And the owner doesn't want to sell it for that.
I say, okay.
So it's a negotiation conversation.
We generally send three offers and we want the I.O. because then I can dump the extra cash flow into the property.
You say, okay, I'll give you the purchase price you want or a little bit less than the purchase price.
We can close the gap.
Let's say I offer them $400.
Let's say he wants $700,000.
They originally wanted $750,000 for this property.
And we're like, okay, but that doesn't work based off the NOI, which is how it's performing when I underwrote it.
But then when you get to the debt service, it really doesn't work.
And they say, okay, how about $600,000?
Or I say, okay, how about $600,000?
But interest only.
And then you give me five years to pay you interest only and at the end of that five years I owe you the down payment Minus the purchase price.
So I put down 200 grand on 600.
Okay, so 400.
So I owe him 400 grand, then I pay him interest only for five years, and then I owe him the 400 grand at the end of the balloon.
Yeah, after five years.
Right.
So when I'm negotiating with him, and the reason he takes the deal is because he gets his purchase price, he gets a huge down payment, he does not have the tax ramifications that if I would have paid him out with a normal loan, because he would have had to handle that with his taxes.
And over those five years, he gets this $15,000 a month lick.
Lowering the $600,000.
But I have a part for $3.6 million.
They got me $16,000 a month.
I got a question here.
So did you do owner financing in that situation?
Uh-huh.
Owner finance, interest only.
So let's explain that to the audience real quick with owner financing because this is more advanced.
Guys, we're throwing a lot of terms out here.
So if you've got questions in the chat, please ask them because Justin's an expert when it comes to commercial real estate, as you guys can see here.
I'm a residential guy.
Even myself, I'm learning right now.
Can you tell the audience real quick what owner financing is?
In some situations, the owner will agree to keep his note, or he owns it cash, and act as the bank for you.
Okay.
And what you're giving him in exchange or pitching to him in exchange is, if I buy this from you outright right now, you're going to have a huge tax situation.
And he likely doesn't have a 1031 exchange.
We're going after mom and pops that have owned these parks for a long time and has been their income for a long time.
They're tired and their kids don't want to take it.
Good.
I'll trust it to my kids.
But you go to them and you say, hey, listen...
What if I gave you 25% down, which would help you through any situation you have right now.
It's more than enough money.
You get cash now.
And then over the next five years, I pay you this much a month, interest only, and you hold the note for me until I can use the money I save on not paying the principal to make the park better.
And so if I buy that park at 600 grand, and I take the extra cash flow from the park, and instead of me pocking in it, I fill the trailer park, any of the empty spots, then when I go get the appraisal, let's say it appraises for a million, 1.2 million, I have all this equity, which I can get loan to value against if I need to go into another deal, or I'll be at so much equity that I'll get better loan terms with the bank.
Yeah.
And also as well, don't forget, if you don't make the payments, you can just take it back.
He could take it back.
And I love owner finance that for him, but I'm going to pay the note because we're going to manage the property and we're putting the money back into the deals.
And guys, so owner financing is something that you can use, especially when the interest rates are high as a negotiating term with the people.
Like, hey, look, the bank is going to want 8%, 9%.
How about you give me a 6% and you just finance the deal.
I'll give you a good down payment.
And then Justin goes a step further and he says, I'll make interest-only payments.
And what that does is it brings his monthly cost way down because you're only paying interest.
And then he's able to take that extra money he makes, invest it into the property.
He has five years.
You think about it.
Let's say- I'll refinance most of these properties in the next couple of years.
I'll pay them out early.
So real quick- You said you were paying like 15k per month, right?
Yeah, so we have a 60 unit park that I paid 3.5 million for.
Okay, so you paid 3.5 and you're paying interest only, so you're paying, what would have you paid if you had paid what principal to?
I'd be paying like 24,000 a month, but I'm paying like 15.
So you're saving about $10,000.
Yeah.
So guys, so you're saving $10,000 a month.
He's taking that money, putting it back into the property.
I'm buying new trailers with it.
And buying new trailers with it, putting it back in.
So at the end of that five years, that property's going to appreciate so much in value that when he could do something called a cash out refi, he's going to have way more than enough money to pay the guy back.
Add a lower interest rate.
Add a lower interest rate.
Probably two points.
And have money left over.
Yep.
And have money left over.
To do whatever he wants to.
And we're doing this on every property.
Smart.
Yeah.
And that's the beauty when you do owner financing is you can negotiate the terms with the seller and then you have five years to pay it back.
I know a lot of people are like, whoa, whoa, whoa, hold on, five years?
What are you talking about?
Interest only?
But you're already going to get that with the bank because a commercial loan is only going to give you a five to a seven year.
This is true.
Anyway.
This is true.
So I'm getting my cake and eating it too.
I'm helping, and the important part about this is showing the owner That is going to benefit him.
How it's going to benefit him.
Exactly.
Because at the end of the day, like, let me do the math real quick.
If I'm paying this guy 15 grand a month, so if I go 15,000 times 12 times 5, he's going to make an extra $900,000 on this deal.
At the end of it, I'm still going to owe him the balance.
But at the end of the deal, the park's going to be worth $6 million.
And I bought it for $3.5 million.
And so I don't care.
Everybody wins.
And that's what we say in negotiation.
It's not about somebody winning.
It's about being creative so everybody can win.
Because, honestly...
If you fuck the guy over and you're trying to go long term with him, he's going to try to take it back somehow.
Like, this guy is winning.
We're winning.
When the rates drop, we'll refi.
He'll get his money in whatever I paid him.
Let's say I refinance a year or two.
Let's say they drop to 6%.
I'll probably cash out right there.
If they go 6-5, I picked up a point and a half and we took all that money over those two years and put it back into the park.
And that's why I look at real estate as a wealth thing, not as a retired thing.
I don't need the money.
I want to make sure I'm rich for sure.
I'm buying Lambos, acting like a dickhead on the internet, flying everywhere.
I want to make sure I'm rich for sure.
I don't want to be that dude that said I made money one time.
We're putting it all back in.
Yeah.
They're smart.
And I think that's really important for the audience to know is if you're going to do these deals where it's owner financing, you know, you're paying interest only, which is an incredibly low payment.
That five years you have, you better take that money that you're making and profiting, putting it back into the structure so that it appreciates significantly.
So at the end of that five years, you have more than enough to pay the guy back.
A thousand percent.
And you know, I know that I've been talking to some bankers and I know these interest rates come out.
Think about the people that bought their property five years ago.
And they're landing at the end of their balloon.
And they were taking the cash flow, not putting it back into the property.
Not paying it down, not paying the principal down, right?
So now they have a substantially larger bill with a higher interest rate.
They will bankrupt on these properties.
I'm getting in touch with brokers and bankers right now about people that are coming to the end of their arms and balloons or whatever.
So I can scoop those properties off of them because they're going to come out the other side, will have not paid down that principal, and because of the debt service, they're going to be in trouble.
Would you, because this is your realm, commercial real estate, would you advise against people getting involved with anything to do with office space or stores or anything like that?
I wouldn't do office space at all.
I wouldn't even do strip malls.
The only way I would do a strip mall is if it was part of a bigger land deal, and I did a development behind it, and I could get a tenant anchor, like a Starbucks.
Because if you can get a Starbucks lease, you can take the lease to the bank with the drawings and you already have the money from the Starbucks and they're going to be successful.
Or the Jimmy John's or whatever it is, that anchor tenant, the Little Caesars.
When they see that contract, they'll give you the loan for the rest of the strip mall.
Okay.
People use those types of businesses as anchors.
I do the same thing in construction.
Let's say I want a bunch of work in construction.
I'll take those contracts to the bank, and this is what all guys in construction should do.
You take those construction contracts, go to the bank, and they'll give you lines of credit.
You want to apply for lines of credit when times are good.
And so you can use those contracts to get loans from the bank because they look at it as income that's coming to you.
So I always did that when I was building a construction company.
Most of the lines of credit, actually almost all of them, was when we were very solvent and very financially strong.
And you're supposed to do that before you get in trouble.
Because if you get in trouble and you start going for lines of credit, you're not going to get them.
Yeah.
No, you're not.
That's the point.
Yeah.
So the answer is yes.
Okay.
Unless I had an anchor tenant.
Okay, so commercial real estate, generally.
And it's not office space.
Strip malls, office space.
You're doing real big with the trailer homes and everything else like that.
So people do want to get into commercial, do it more on the residential side.
I would do residential, yeah.
In all fairness, I am very interested in warehouse space.
Okay.
I have an advantage with my metal building company, and I think warehouse is the future.
The reason the strip malls are dying, the boutiques, is because everybody's getting their stuff off Amazon.
So if you can get adjacent property or close property to anywhere they're building in Amazon, or somewhere where you can do the industrial park game, office, warehouse, space, or just storage in general for fulfillment, I do think that that particular, outside of residential commercial, if you will, It's really good.
I like that a lot.
I know guys that are killing it, like in Dallas.
Millions of square foot of warehouse space.
It's an easy deal too.
Tilt walls, just warehouses, scaffolding.
They're getting a lot of these jobs that we're, like when I build a metal building for it, the concrete guy is having to shoot a laser every 10 square foot because they're having robots go get it and load it.
Oh shit.
While they're killing it.
Let's say I'm a guy that wants to invest with Justin Waller on his next investment for trailer parks, right?
How would I get in contact with you to actually invest?
Yeah, justinwinwaller.com, J-U-S-T-I-N-W-I-N-N-W-A-L-L-E-R.com.
You can also hit me on Telegram.
We have a whole Telegram channel and obviously Instagram, if I can keep it.
How much would I need to like get started?
So you'd have to be an accredited investor.
That's one thing we're gonna be really really hard on.
I don't want to get in a Grant Cardone situation.
Oh, yeah.
So I want you to have plenty of money.
Yeah, so what is it?
How does someone become an accredited investor?
Yeah, so I believe it's a million dollars net worth or you make what 250 a year something like that and the net worth cannot include the equity in your house or Combined in a household.
I think you can make 250 a year But we vet everybody.
If anybody's anywhere near that territory, get in touch with us.
We'd love to partner with you.
In fact, I'm going to put a group together of any partners that invest a certain amount.
I'm going to do some free events at my house and have everybody over maybe do a yacht day or something like that.
Completely free.
Speaking of Yacht Day, we were on a yacht yesterday.
Yeah, you tricked me into going on a yacht.
Yes, I did.
It was successful.
But it was for a better cause.
We're playing some things in the future with War Room.
You did your thing.
And for the podcast...
For yachts.
But I asked you on the boat a very important question.
I asked you about kids and being a father.
Because, you know, for a while I've been teetering the thought of having a kid myself.
But I'm a bit concerned about, like, you know, logistics and all that stuff.
Can you tell the audience how it is being a father at this point?
I love being a father.
My little girls, man, I do want to have boys, but I can't say a negative thing about having little girls.
It's good, man.
I genuinely believe I have one of the best lives that Anybody on this planet has.
I would agree.
I would not trade my life and my family life, my online, my business life, my friendships for anything.
I'm a very, very lucky person.
So I love being a father.
It's very fun.
I think at some point it'll become very fulfilling.
And I think that'll be through the development of the kids as they come along.
I don't know how many I'm going to have, but I think the number's probably going to be a pretty big number.
I truly enjoy it.
It's fun.
And it doesn't, you know, I think a lot of people are scared to have children because they think it takes away from their life.
I think it just adds.
And I will also say about being a father is a lot of people say it changes you.
I don't think it changes you.
I'm still the same person.
It just adds to your life.
You know, it's not...
I feel like people get really cheesy about it, you know, and they're like, I didn't know anything about love before I became a father.
Bullshit, I did.
And I still do.
And if my kid acts like a dickhead, I'm going to be the first one to say it.
You know?
So...
I really enjoy it, and I think it's just going to get better as they grow personalities and I'm able to help them develop as people.
It's a tough world out there.
You know what it's made me think about a lot?
And I think you'd be good at this.
I get a lot of messages from women.
No, not that kind of message.
Yeah, that kind, but the kind of...
I believe what you guys say, what should I do?
Do you ever get that message?
What do you say?
Surprisingly.
It was funny, because we were doing our IRL stream yesterday, and a girl came up to me after.
I wish we had been able to get this on camera, but we didn't.
She was thinking about doing OnlyFans, and she watched her episode, and she didn't do it.
She backed up.
She didn't do it.
So I was like, holy shit, like, damn.
Bring shame back, brother!
Yeah, man, it works.
But, um...
Yeah, I mean, it depends on the situation a lot of the times.
I mean, sometimes I got to tell them, like, they'll tell me the guy that they're with, and I'll be like, oh, man, that might not be the right guy to do it with.
Like, you might, you know, because they're, like, trying to build something with this guy, and I'm like, he's not it, man.
You might have to go fucking find somebody else.
I'll tell you this.
Our message here on the podcast, which is people, because they may hate at the beginning, like, oh, this is some bullcrap.
I don't like the message.
When they go home to go to bed, and it's on their mind, it's like, wow.
Like, I was right.
It hurt what he said to me, but it was truthful.
I'll tell you a story that happened recently.
Dustin, your daughters, what advice would you give to them?
Let's sit and watch them right now.
How to be a good woman in life.
I'm gonna tell you how I'm gonna raise all my kids and I'm gonna tell them the truth of the world.
Use OnlyFans, for example.
Okay, baby, you're thinking about doing OnlyFans.
Let me just tell you what that means in regards to your ability to garner the kind of man you're looking for.
Because remember, they have to replace me.
Right.
And one of the most fulfilling things I'm gonna get out of being a father is good luck, bitch.
So, Outside of talking shit to my girls, I'm going to be like, listen, you're going to want to have a man you respect.
And it's very unlikely that the man that you're looking for, just by the laws of hypergamy, is going to be able to, or will put up with, you have an OnlyFans account.
So, you can do what you want.
I'm going to love you anyway.
I don't like it.
I'm going to tell you that I hate it.
I'm not going to be like if your son was gay.
I'm not going to disown you.
I'm going to tell you right now, it is going to hurt you in regards to having a family if that's what you want.
So all I want to do is educate my kids on the world and what they can expect from their choices.
Give them the tools, which is the fulfilling part we were talking about earlier.
I think the fulfilling part for me is going to be developing them into their own people so they can be independent.
Just like anybody else, I don't want my daughter with a man she doesn't love or doing something that she does not want to do because she doesn't have the skill set to take care of herself.
It's not because I want her to be an independent bad bitch.
It's just because I want her to live her life with the final thing I want to teach my children, which is choice.
So here is how the world works.
Here are the tools you need to live on your own terms in hopes that you get choice.
I love you regardless.
And that's all I can do, man.
Yeah, and I think that's an important thing is let people know that choices have consequences.
The parent's job is to let them know before the consequences come, hey, just so you know, if you go down this path, this is what's going to happen.
Exactly.
And the reason I put it in the way I put it, because if I come to her with this judgmental frame, her ears are going to close and she's not going to be able to hear me.
I need her to trust me as her father.
100%.
And I need her to trust that I'm gonna love her regardless so that way she'll tell me the truth so we can talk through it and have a real conversation.
We all know those girls that have a strict father or mother, can't leave the house.
Pushes them away.
Locked up.
The moment they get out, what do they do?
Pastors, daughters, church girls, they go crazy.
So that's a very good point, man.
I'm gonna be very firm as a parent, don't get me wrong, but I want to leave room for them to trust me to have real conversations.
Because that's where I'm going to be able to tell them, hey, listen, you can do that if you want, but you can expect this, this, and this.
And they have to be able to trust that I'm not lying to them.
I don't have my own, you know, like, I want to see them win.
And so I think that if you can build that trust, then you're in a good place.
They at least hear you.
Well, is that true?
True.
So we can hit some of these chats real quick.
Let's see here.
The Rational Mail, Ronald Tomasi's in the house.
He asks, can you please ask Mr.
Waller about the pass technique for diapering a baby?
I have no fucking idea.
I've never changed a diaper in my life, Rolo.
Really?
No.
Fuck no.
I have a nanny and a wife.
Get the fuck out.
No fucking way, Rolo.
There you go.
Justin the G. Jose says WTRW, the real world.
Tips on job positions with visa sponsorship.
Current main girl from South Africa is trying to stay longer in the U.S.
She's on an H2B visa seasonally working for a country club till July.
Two more tips on, I guess, sponsoring somebody with a visa.
I wouldn't do it myself, man.
I'd.
If she's good enough at her job, the business will probably do it for her.
Don't get tricked, G. Alright.
MeSauceHomie says, Myron, I'm an 1801 within DHS. I want to lead the agency because it's going way too woke for my liking and religion.
What are my best options in the private sector?
I can DM you on Instagram for more details.
And are needed, Big W boys.
You can do private security and consulting, man, but bro, I mean, I know it sucks and everything else like that, bro, but just grind it out.
Stay with the government, man.
Stay with the government because you want to go ahead and have a good retirement gig lined up after.
You want to get that pension.
You want to be able to get that nice little parachute.
So I would say stick it out, man, unless you really, really hate it.
But going into the private sector isn't all sunshines and rainbows like they try to tell you.
A lot of the times, you go into the private sector after you retire so that you can go ahead and demand the most money because you're going to have that experience that you can draw from and you can say, hey, I want this amount.
Or segue to another agency, bro.
Leave that agency and go to another agency.
But yeah, he's an 1801, which means he's probably like, maybe he's a CDP officer or a Border Patrol agent or something like that.
Abul Sharmuta says, Jay, I guess Justin, why are you against answering dating questions or AMAs when you start a game?
I'll tell you exactly why, man.
I'm not a pickup artist, so I don't know how to tell you how to do anything but be the best man you can possibly be and then be honest if you like a girl.
I just don't have a lot of advice.
I've never taken a pickup course.
You know, I genuinely believe that if you develop yourself as a man, you will absorb women, and there's no amount of gain that can trump that.
You know, so if you guys want to ask me advice on, you know, your situation with your girlfriend, I can talk frame with you all day long.
But in regards to how to pick up women, I have nothing for you.
So it's not that I'm opposed.
I'll talk to you about women, but it'll be a frame conversation, not a pickup conversation.
It's just not what I do.
Sterling is unashamed about helping men become better with their sex lives.
Did the Leela Rose ambush make your PR team pivot to lifestyle videos?
No, not at all.
In fact, dude, we grew so much after that Lila Rose thing.
I should send that lady flowers, man.
Because I wasn't even mad at her on the show.
I was just like, I wanted to be nice because she seemed like she wasn't a 304.
Who is this chick?
Dude, it was annoying.
Lila Rose lady.
I think it's like 35 million views.
I watched a portion of that episode.
She was annoying, bro.
Trying to press him about a certain topic.
She was trying to tradcom me.
Yeah, pretty much.
But you know what?
It's all good.
I wasn't even really mad at her then.
I'm like, you're annoying.
What's your thoughts on these TradCons, man?
Because they're coming at us on Twitter.
Me and Rolo and everybody else.
To me, it's a bit hypocritical, man.
Like that one guy that came after me.
I think he stole somebody's wife.
You know what I'm saying?
And it's like, hey, look, G. Okay, cool.
But pieces of shit hide in the shadows.
Yeah.
You know what I'm saying?
If I got a bunch of girlfriends and women and a family and you don't like my life, well, you beat your dick to Pornhub when your wife goes to the grocery store.
Suck it, bro.
Fuck you.
I'm fucking girls in real life, homo.
Get out of here, dude.
And I'm not hiding from it.
And you know what bothers me about that?
It doesn't even bother me.
It's just a fact.
Me and that particular guy agree, and Lala Rose probably for that matter, agree on 99.9% of things.
But your sin is no better than mine.
Talk to them.
Your sin is no better than mine.
If I were homosexual, you wouldn't dare come after me because you're a coward, because you won't tell the truth, because you want to hide behind your...
because you're such a goody-two-shoes Bible-thumper.
I'm not mad at you.
I'm just simply telling you that you're full of shit.
That's all.
And so they would not dare put their sins on the internet.
You know what I'm saying?
They wouldn't do it.
They're cowards.
Oh, oh, Justin, I can't believe he said this.
You know who I'm talking about.
Yeah, you stole somebody's wife, bro.
Cool.
I ain't out stealing nobody's wife.
In fact, that's my biggest rule.
If I see a woman is married, bro, Nate, you want to talk about something crazy.
He tells them the story, yeah.
Bro, in my inbox, married women hit on me all the time.
And they are appalled that I won't talk to them.
You know what they'll do?
They'll throw it in my face that I got a bunch of women.
I said, but none of them are married.
Bam.
You're like, get the fuck out of here.
All the time.
How can you say this on the internet and you won't sleep?
Because you got a husband.
Do you see your sons in that photo?
That's messed up.
Bro, I ain't doing that shit.
There is an ethical way to tell the truth.
Yeah.
You know?
You know, with track songs, bro, they want to be us, but they can't.
They're married to a woman.
It's been 40 years.
They don't get sex anymore.
They're like, damn it!
Stupid!
This guy's living life.
He's jacked.
Lambos.
Fuck this nigga, bro.
That's what it is, bro.
A thousand percent.
I say it all the time.
To that gentleman, I'm not doing anything you would not do if you could.
You can't live my life, bro.
That's what it is, bro.
Me and my skinny jeans.
That's funny, bro.
Haas goes, I'm currently 6'3", 250, coming to the end of the bulk.
How long month-wise should I cut?
I want to see if it's labs.
Give yourself as much time as you can to diet, bro.
It could take anywhere between three to eight months, anywhere in that range.
I'll tell you another thing.
That was my final football weight.
I played football in college at 6'3", 245 to 247.
And there's nothing better you can do is to get all the way ripped down because you at 215 or 220 will look like 240.
So I think now is the time you need to rip all the way down and not stop until you get all the way there.
Yeah, absolutely.
Dogs for the win.
You should share your opinion on women's voting rights with the female guests more often.
I guess so.
We have here Fresh Money Clips says, Money Clips, we up almost five count Instagram.
You need 50 plus followers.
Let's go.
All right.
B. Shu Nugent says, A track on woman is just a pro-life feminist.
She refers to her husband as her partner.
Won't take her husband's last name, Megan Kelly.
Candace Owens.
Oh, shit.
I think submission is a dirty word.
Lila Rose.
Oh, shit.
Shots fired, bro.
Yeah, but have you seen her little nerd husband?
Listen, bro.
Get the fuck out of here, bro.
Oh, shit!
Oh, shit!
I didn't see you.
I'm going to sit my gorilla mind.
You know the only reason I don't talk about him is because he's a veteran and I really respect that.
I actually don't hate them.
It's just I don't like the hypocrisy.
Like, you're not perfect.
Were you a virgin when you got married, Lila?
Were you a virgin?
Or did you suck dick before you got married in your 30s?
Get the fuck out of here, bro.
You know, that question hurts them because they know that they're not virgin.
I know.
Did you wear a white dress?
Should have been gray.
Yeah.
Should've been great, bro.
Okay, IdrisKai says, you're a fake alpha male, Myron.
Bro, can I speak on this?
He's doing quotes.
He's being funny.
Yeah.
Bro, I hate the word alpha male.
Yeah, me too.
Yeah.
And that's another thing they attack you with.
We never use that term.
They attack you with it.
They're like, oh, they'll do a clip of you and they'll be like, this is what the alpha males, as if we're saying we're alpha males.
You'll never hear me say I'm an alpha male, ever.
Show us one clip of any of us saying, I'm an alpha male!
It's actually not a joke, by the way.
And I guarantee you, you won't find it.
No, you won't find me saying it.
Dude, that word itself, I just don't even like the word.
I understand it as a placeholder in a conversation.
But you'll never hear me refer to myself as that.
Even high value.
I don't like high value either.
You have to use it as a placeholder.
To be fair, if you're a man that has to walk around and say, I'm high value, you're not.
You're lame, bro.
You're not.
Yeah, a thousand percent.
Niggas know what's up.
Yeah.
Venom, I see you really boxed that girl out away from Myron in heels, lol.
Yo, Myron, how you got gold weapon skins for a soldier and Ana already on Overwatch?
Thought you just started.
He plays that much.
What is he talking about?
It's an online game, Overwatch.
Oh, it's a video game?
You want to play with us?
Yeah.
He said no.
That's very believable.
Myron plays it that much.
Look at ours.
I believe it.
Tech Rally says, Fresh, I need that Lambo discount for this weekend.
W at Mercy Luxury.
Guys, I'm giving you wholesale prices.
Don't ask for a discount.
Listen, I get it.
It's me.
I'm your boy.
But the cars have to be made for wholesale pricing at least.
I won't make a profit on the wholesale price while giving you a discount just being part of our group.
Are you buying those cars cash?
Or you got debt on them?
Some have debt, some are bought cash.
Yeah, and so that's the point they need to understand.
Like, listen guys, like, profit's not a bad word.
He's taking out debt, he's taking on all this risk, he has all this insurance, these cars go very fast, most people that are renting the cars don't know how to drive it.
If you support Walt, rent the fucking car.
Yeah.
And then, one more thing as well, regarding that whole rental stuff, like, as well, it's an experience, guys.
I'm telling you, my first experience in Lambeau changed my entire life, so check it out, man.
We got here, Nav says, oh no, is it Nav?
Yeah.
Vitaly said he wants to come on your pod, that'll be lit.
Yeah, he's welcome to come on, man.
Come on, Vitaly.
We got you, bro.
Yeah, if you want to come on the pod, for sure, we'll put you up with some chicks and everything else like that.
Yeah.
John Martin says, Myron, can you react to Baze Zeus' video using your pickup line?
It's funny, I saw him actually in Brickell doing a pickup.
Baze Zeus.
It was kind of funny.
Shout out to him.
Alejandro, 50 bucks says, what's good?
Need some quick advice.
I'm 19, 20K saved.
I'll be on a pace to probably 75K saved by the end of 2024.
I work three jobs as a server.
Would you say keep grinding it out, then house hack, or do something different?
What do you think, Justin?
He's 19, 20k saved.
On pace to make 75k, end of this year.
Yeah, by the end of the year.
He's on pace to have 75k jobs.
Yeah, man, I would buy a duplex.
Yeah, get yourself in that first house, guys.
Yeah.
A duplex or a triplex.
And if you don't have a family, man, you could even go into kind of a bad neighborhood if you feel like you feel safe.
I definitely would go in a bad neighborhood.
When I was younger, I lived in some really bad neighborhoods, and I wish I'd have owned those houses because I'd be getting rid of them today.
You know, Section 8 even.
In fact, I know a guy down there, my boy Eric down the street, he does a bunch of stuff with Wes Watson, and dude, he's worth hundreds of millions of dollars.
Eric Spofford?
Yeah.
Cool dude.
And he's a fucking awesome dude.
Had dinner with him another night, and he's got almost all Section 8.
What's your opinion on Wes Watson?
He was nice to me, bro.
I know he yells online and stuff, but he was nothing but a gentleman to me, bro.
So I have nothing but good things to say about Wes.
I don't watch his content, but I don't watch anybody's content.
So it's not like I'm not dissing him.
I just don't watch a lot of content because, as you know, once you start making content, it's really hard to watch it because all you're doing is focusing on making it.
So he was a completely cool dude to me.
I really liked him.
I'd hang out with him again.
I like him a lot.
He's cool.
Okay, we got here...
Is this...
Jaleel says, Hey Myron, say I'm Batman.
I'm Batman.
That was slick.
He says, Hope your voice gets better soon, bro.
WFNF, WMO, Bills, WIC, El Cristo Bomb.
Big W shout out to J. Waller and Tates.
You guys continue to kill it.
Make us better men.
I paved the way to our success.
Love y'all.
Pretty nice.
I'm Batman.
Road Talk G says, I got a new credit card with a $500 limit, only used about $75.
My due date is February 13th.
My statement end date for this cycle is the 19th of January.
It was reported that I owed $75 now, and it states my money owed $75 on my score 711 to 693.
It went down.
How do I fix it?
I have no late payments.
Pay it off, it'll fix.
Just pay it off, bro.
In one week, it'll fix.
Don't get freaked out.
Another thing you can do is if you have the money, use the credit card anyway and pay it down more than once a month.
Run it up, pay it off, run it up, pay it off.
I do that a lot too.
I'm constantly paying on the credit card.
I don't wait for the billing cycle.
It makes you look better on paper.
Ezra, have you guys heard of Subject 2?
It's a great way to get into properties, especially with today's rates.
It's best for sub 2, sub 20% equity.
You can easily get into a deal sub 10% down and take over.
Service not assume a sub 4% interest rate.
DM Ezra.niece.
Oh, that's a plug.
Nice.
Okay.
Taco Tate.
Selfie of Andrews saying he prefers crypto over real estate because it's faster at making money and can't be seized.
How do you guys feel about that?
And what is Andrews' main investment strategy?
Ask Andrew, bro.
Yeah, ask him.
Look, I have a lot of answers for that.
It's just not my place to say.
Yeah.
But I tell you what, for anybody that is interested on what Andrew thinks about real estate, he did an episode, I think the guy was British, about his views on real estate as an investment, and they kind of had a debate on it.
So there is plenty out there of his opinion on real estate.
Also knows he owns quite a bit.
Yeah.
He's just not playing the same game as us.
He's on a different level.
He's buying properties for appreciation.
And he doesn't buy them in the United States.
No, he's not buying them in the U.S. He's not buying them with debt.
Okay, Jerome.
On 26, making up a 40K a year, just under 10K saved up.
How much should I aim for in savings to get into real estate going the FHA route?
And the other thing, too, I want to tell you guys, keep in mind, real estate is really only the best in America.
When you go to other places, guys, it's not as profitable.
It's not, bro.
In the UK, in Australia, it's not as profitable.
So, Andrew, you guys got to remember, yeah, he's American, but he spent most of his life in England.
So, real estate is not profitable like that in England at all.
And also, most people are using all money to buy real estate.
We had Tillsbury here, and he was even talking about, yeah, like, yeah, like, having flats isn't really it in England.
So...
Totally different rate structure as well.
Yeah, you don't get the same mortgage interest rates.
You don't get the same terms with 30-year fixed loans, etc.
They get way worse terms in real estate.
And they don't get the same tax benefits as us.
He's buying a lot of stuff in Dubai, too, and there's no such thing as a loan in Dubai.
Even my house, I'm paying it off cash.
You know what's funny about his house, bro?
Whenever we go to Dubai, we've got a place to stay for free.
Yeah.
Yeah, bro.
There you go.
It's already built.
You got it done.
No, they're building it now.
Seven bedrooms, gym, cinema.
Nice.
Maid quarters, two kitchens, private beach, infinity pool.
Andrew's right across the way to get on the jet ski, go to steal food and Yeah, you don't have a choice, bro.
Oh, no, y'all coming.
Yeah, you have no choice.
Thousand percent.
Thousand percent.
Anytime you want.
We're hijacking your house.
We're niggas.
Do it.
All right.
Chef Diablo, get information like always.
When owner financing, are you responsible for all expenses, such as taxes and utility fees, say for mixed-use poverty?
So you want to know if you're responsible for, I guess, taxes and expenses for owner financing.
Yeah, we do.
Because, I mean, they're just acting as a bank.
So, essentially, we have bought the property from them.
And so, we're covering all the costs.
Now, we prorate it.
So, if it's halfway through the year, he pays the first half of the year, and then we pay the second half.
But, yeah, we're in control of that property, even to the point that we could sell the property.
Yeah.
Instead of going to the bank, the current owner is the bank.
And so you have to manage and take responsibility for the property as such.
There you go.
Okay, Elman Howard says, question for Justin.
I'm noticing a lot of commercial properties coming out fast off of Highway 30 in Gonzales.
I'm not wearing any of the best.
Bro, I've probably put up a million square foot of steel on that road.
Damn.
Yeah.
Is it a good area to invest in?
Very.
It says, I'm nowhere near ready to invest, but what advice would you give to someone to prepare for that?
I would understand how to underwrite.
And if you were going to go into the industrial space, then I would start talking to brokers.
There's some really good brokers in Baton Rouge.
Guys that really know their stuff.
There's a guy named Ty Gose.
I'm just dropping names from Baton Rouge.
There's a guy named Tagos, and I've put up some of his buildings, and he is one of the best minds in industrial real estate.
He's a really, really smart guy.
And he's probably built, I don't know, 10, 15 buildings on Highway 30.
I've put up some of them.
So Highway 30 is a really good spot right there by Tanger.
It's a straight shot to New Orleans on the way.
And the river's not far away.
It's just a really good spot.
Nice.
Jamalosoul says, what's good?
Love you guys.
Join the real world through Justin.
My question is, can you do another credit card episode review?
I have an Amazon seller account, and I'm looking for a card that I can use and not pay back for a longer period of time.
We should, bro.
Before the show.
Casey mentioned American card Plum, right?
60 days to pay back.
Pretty good card.
Almost as good as like gold.
Myron and I both have over a million points with Amex right now.
And Walt spends all his points.
And I told you guys, you're gonna die one day.
Use your damn points, bro!
No, we can figure out how to use the points on the show.
Listen, man.
You got one life to live.
Live it the best way possible.
Anyhow.
Fair enough.
Yeah, we can do a credit card episode for you guys with that.
Hey, FNF and Justin.
Question.
What do you think about manufactured homes?
Do you think it's a good investment to go into?
I like manufactured homes.
One way to really think about it is if you were to buy a single family house, let's say your median price is 200 grand.
If you can get into one for 25 to 50 grand, one being used and one being brand new, Then, you know, I think it makes it easier to cash flow.
The problem is finding the land and that's why I like mobile home parks so much because you can buy these parks at how they're performing when they have vacancy as far as empty pads and really, really, you know, make your money back with a value add, really kill it.
All right.
All right.
Yeah, I would take those contracts to the bank, and the bank will give you loans and lines of credit against the contracts.
I had to do that a lot when I was building the business.
So you take those contracts, go to the bank, ask for a line of credit, show them that you have the contracts signed, and then you do the deals that way.
I'd also try to negotiate for better payment terms, net 30.
Well said.
Tech Riley says, Moe's parents named him after the amount of food he eats.
Moe.
Okay.
Yeah.
Ismar.
Jay, what are you...
I actually want to answer a question.
What's wrong with Grant Cardone?
Nothing.
I love Grant Cardone.
Got no beef with him.
At the top?
Yeah.
Oh, is that the way you're going?
No, it's fine.
It goes up eventually?
Alright, cool.
I'll answer it when we get to it.
Jay, what are your thoughts on Ripple and XRP as a future investment?
XRP is meant to run the world's money.
I don't even pretend to know crypto.
We're going to have Charlie and Miguel on this Friday.
In fact, that's what I do.
I'll wait for Miguel and Charlie to call me.
And that's how I buy it, straight up.
I don't even act like I know.
It's not my thing.
Miguel calls me, and I say, cool.
And then I go in a group text and say, Trace, the guy that does all the money stuff in my office, send him 50K.
That's literally how I buy crypto.
You know what I realized, bro?
The more guys I'm around that are successful in crypto, they have a guy that knows what's happening next.
They give them a phone call or they get a group chat.
Hey guys, buy this coin.
And then they go buy it and make money.
They don't sit there and look at charts all day.
They're with no businesses.
They just come in, join the group chat.
What coins should we buy?
We'll buy it together.
That's exactly what I do.
Networking is powerful, man.
You're never going to be a master at everything.
And crypto is one of those things.
It's kind of like commercial real estate.
You can learn just enough to really wreck yourself.
And so I don't even act like I understand crypto fully.
I mean, I've gone through some courses.
I've had full days where I sit down with a crypto guy and understand the blockchain.
But in regards to watching it, I wait for Miguel to call me and then I buy it.
Yeah, you know the foundation, but all the details and nitty gritty?
It would be arrogant to act like I know.
I don't.
I don't fucking know.
Yeah, speaking of which, we're gonna have them on this Friday, guys, and if you had bought when we told you to buy, you would be up, like, double your money.
Bitcoin was way down, and they told you guys to buy it.
We told y'all to buy it.
If you had bought when we told you, instead of calling us fucking scammers or talking shit, you guys would be up, like, double your money right now.
Actually, we got some things coming as well.
And by the way, the girls, remember we had a show with the girls?
We asked the question, what would you rather have, a thousand bucks or Bitcoin?
And they said thousand bucks, most of them.
So, I mean, that goes to show.
You stupid.
That goes to show a lot.
So we have here, uh, Road Talk G says, does paying multiple times within a billing cycle affect my credit score negatively?
If I pay every time I use about 15% off my $500 limit, as long as during the entire cycle, I don't spend more than my overall limit.
Or, should I keep it below 30% regardless?
I say, bro, you want to keep it under 30% at all times.
And then if you can, try to keep it under 10%.
That's the best way when it comes to utilization.
And as far as, like, if you notice that your utilization is always over 30%, that means you don't have enough available credit.
You need to increase your credit lines.
Yeah.
Only buy what you can afford, bro.
Yeah.
Of course.
Jaro Gutierrez says, Waller, what's wrong with Grant Cardone?
Nothing.
In fact, I would say he is one of the best out there at teaching underwriting.
I used to sit down and watch Grant Cardone and drink whiskey in the evening and just sit at a computer and underwrite.
I'd do it with a pen and pad, too, and just do the math.
He's got some of those old episodes.
Where he's really, really giving out some good content for free.
See, isn't it amazing how you said, all you said was, I don't want to get in trouble like Grant Cardone with the investor things.
Exactly.
And then they're saying that that's talking shit, but it's like, no, it's true.
It's like, yeah, people have come after him and say, hey, you're taking money from people that aren't accredited investors.
Yeah, he's getting sued and stuff like that.
I don't want that.
I want accredited investors.
I don't want to smoke.
And that's the truth.
That's a fact.
He has been getting sued because he's not bringing in accredited investors.
In fact, he reached out to me on Instagram the other day, sent me a DM, and I think I'm going to have him on for like an AMA kind of type deal.
Nice.
You should.
You should.
I like Grant Cardone a lot.
People can talk all the shit that they want, but it's the truth.
Bro, he's a fucking winner, bro.
Yeah, he is.
I mean, he gave me one of my biggest wake-up calls for my career, and thanks to him, I got into real estate.
Nice.
Yeah.
All up here.
Jonathan M says, option one, stay at current job, 44K a year, potentially 50K with a job interview, stay in a better city, or option two, take 73K a job offer in a less affluent city.
This requires moving over an hour away, and I will be on call one week a month.
Option one, stay at current job, 44K a year.
If you're in a position to even ask this question, then I would take the money and isolate myself in that small town so I could grow internally before going to a big city again.
I like that.
Yeah, guys, there's nothing wrong being in a shitty-ass small city.
I mean, I was in Laredo, Texas for like most of my adult life, but yeah, it made me focus, made me more of a man.
Move to the big city when you're ready, bro.
Yeah, and also, I think for this person as well, what are your goals, bro?
Like, does it match your goals?
If it does match your goals, then follow that path.
Ezra, my bad.
Laugh my ass off.
I wasn't trying to plug.
Well, just love to talk more about real estate with y'all.
Myron and Justin.
Also to refresh, what financial options does your car company have regarding a hurricane?
I like to get the lease to own because it's flexible and each payment is a write-off for you in taxes.
That's what I like to do.
And also the down payment.
But many different options, whatever you want to do, cash or lease to own or just regular lease or financing.
We can do either or once you have good credit.
Haas says, cancel if it's flirting or straight up backtalk.
I tell her to do something and she says no.
How do I fix this?
I mean, she don't like you, bro.
What'd she say?
His girl tells him no when he tells her to do something.
Yeah.
Oh, bro, fuck that.
Gotta go, G. Look, this ain't pick up.
Is it flirting or straight up backtalk?
No, it's straight up backtalk.
Is she doing it in front of people?
No!
Yeah, nah, bro.
No.
He's like, how do I fix this?
That's disrespect.
I mean, you don't.
She didn't respect you.
Just leave.
Yo, Angie's asking, you want more coffee?
Yes, please.
Thank you.
Okay, we got here.
Nat Eli says, Hey Maren, why not make a Super Chat app?
I had a guy contact me on Manect about doing that.
Oh, shit.
Yeah.
Well, right now when we game, we use Entropy.
So yeah, check that out, guys.
Because obviously we can't use this on there.
Yeah, we can't use...
Yeah.
For known purposes.
Big Man T says, Hey guys, big fan from Communist Canada.
Any word of advice for buying properties in four countries opposed to your homeland?
A dump payment here is a full place abroad.
Thanks for the positive advice.
I'd say this about it, is that there's a lot of countries out there right now that if you buy in their country, they'll give you a passport.
And if I lived in a shithole like Canada, I would consider that.
Canada's tough, bro.
Yeah, Canada's...
I don't know how they do it.
I think that's cold.
Jamie J says, hey Justin, what's going on?
I just wanted to say, do you think a builder's credit with the credit union would be good?
Or, just stay with the bank.
Thank you, Martin Fresh, for everything.
I'm still working as hard as I can.
So he wants to know, as a builder's credit, does it go to credit union?
I don't think there's anything wrong with credit unions.
I also really like small banks.
We have multiple bank accounts with different types of banks with anything from Chase, from some of the smaller banks like Citizens and things like that where you can really meet the guys that kind of run the place.
So a lot of our real estate debt is with small banks.
Now, they have their limitations, like $5 million limits a lot of times with the smaller banks that they can give you on properties.
But I think you mix it up and let them fight it out, man.
If they see you have the money coming through the bank statements, if you can show them a trail in 12 from all the bank statements, they'll fight to give you the best terms possible.
Let them fight it out.
There is a point in the banking game where it turns in your favor if you can get the money up.
Would you just start with the small banks first and then level up to bigger banks?
Yeah.
I would do both.
Smaller banks give you better deals.
They give you way better deals.
They're going to be more community-based.
Like I said, most of my real estate where I do actually have a bank debt, I get owner finance as much as possible.
But in the event that I don't, it comes from a small bank.
It's not Chase.
It's a small hometown bank.
I find that with smaller banks, it's way easier to get loans anyway.
A thousand percent.
They're going to take more risks that the big bank won't take.
They're in a different game a lot of times.
People don't understand.
It's like some banks are for real estate.
Some banks are going to lend themselves to certain kind of farming.
Some banks are going to lend themselves to checking accounts and credit cards a certain way, like Capital One, for example.
So different banks are kind of making their money in different ways.
And so understanding that ecosystem of their industry and who's going to take that risk on a real estate deal or on a builder, in this case, is really, really important.
And I think being a builder or being in real estate, the small bank is always going to serve you better.
Yeah.
All right.
And then our last few here.
Cheyenne Wallen.
Oh, no.
Icy Sight Tooth.
Myron sounds like he's about to do a commercial about why cigarettes are the devil.
Cigarettes are the devil.
We should put Myron's face on a cigarette box.
That'd be funny.
I don't smoke, but yeah.
Last hole bender.
Is that how you'll sound?
Shout to Myron and Waller for being the last two red pillars who didn't switch to trad or political views to have a wetter reach to sell a course.
Yo, W. Myron, when is Vitaly coming on?
Uh, I mean, I heard he's gonna be here next week.
I mean, guys, tell him that he can, uh, tell him to come on Fresh and Fit, man.
I mean, spam his kick chat or whatever.
Yeah, tag him.
Tag him, tell him, hey, go on Fresh and Fit, bro.
So we'll see what happens.
Kano, I've been saying it by Rumble Ninjas, uh, 42% today.
That's what's up.
There you go.
Shout out to Rumble, man.
John Mays says, just watch the IRL from last night.
I see new name is Reinhardt!
Hello!
Yeah, shout out to, yeah.
Hello!
Shout out to, uh...
Reinhardt!
What is this shit?
Ha!
What the fuck is this?
The game online.
Is that me at 60?
I know you don't understand, but one day you might.
Is this the game y'all been talking about?
Yeah, that's it.
Some girl that we kicked off the show came and she basically came and tried to talk shit to me and Icy stepped in the way and stopped her.
Oh, Icy coming off the top rope, bro.
Don't fuck with Icy, bro.
Yeah, don't play with her.
Jordan V. Dead says, I have a bachelor's in business management, WAC, but I want to enter the right career field.
Do you suggest project management or what else would you recommend?
That's just the question right there.
Yeah, for business.
Yeah, man, I like to pay attention to what I have an energy for.
You can be really, really good at something, and if you don't have an energy to do it and it doesn't light you up to do it, you're not going to do it, even if you're the best at it.
So if you have an energy for project management, then understand that about yourself.
Do project management, and then when you go to the entrepreneur route, stay in that lane and find somebody that can go promote it, and then you can get the deal done.
Because project managers are generally drivers that make ideas happen in real life.
It's that personality type that really makes them win.
Well said.
We have here as well, one sec.
Is it possible to make a podcast articulation of speaking?
Because I notice many of the callers are terrible at articulating their points, most boys in general.
Yeah, I don't see why not.
There's definitely speaking courses out there, for sure.
They're everywhere.
Early in Views says, Justin and Myron, I'm a big fan of both of you.
In all honesty, the way that y'all carry yourselves is extremely respectable.
Could you go into the detail about the top three things a man should work on to help improve and write them according to importance?
Myron just needs to mute his mic when he has to hit the alpha piss.
Have me crying.
Hit the head.
Sorry, man.
I guess, well, Justin, you can tell him, Justin.
Top three.
You know, life isn't that difficult, man.
You already know.
You know it's Money Muscles game.
I don't even like saying money, muscles, game, by the way.
No, it's in the category of alpha for me.
But, getting your fitness right, getting your money right, and I do replace the word game with frame.
Because if you have the first two, you'll absorb women, or you'll be able to keep them with the right frame.
And that's where I think y'all are saving people's life.
Because you're making them aware of the things to look for in frame before the frame goes wrong.
It's just like that little shit that guy was talking about earlier.
When I ask her to make me a coffee, she says no.
Bro, that's a way bigger problem than he thinks it is.
It's huge.
It's from the very beginning.
That's the same girl that's texting dudes behind his back.
It's foundational.
That's another thing, texting dudes behind your back.
That's not sleeping with them.
Frame is way before the cheating.
Frame is way before she leaves.
Frame is way before you realize you don't have control of the relationship and you're not the leader.
Way before that.
Game just helps you get a bitch in the door.
That's crazy that this guy's saying, like, yo, my girl said no to me.
Like, that's fucking broke.
I can't even...
Like, what the hell?
To think that she doesn't know that that's a line.
Think about that.
Bro, you know what your girl should be doing?
Not only should your girl be getting you shit, but when your guests come in, when these guys walked in, first thing Angie did, hey, do you guys want anything to drink?
Coffee.
She's just been going back and forth.
I think Justin's on his third cup of coffee now.
She's just making sure everybody's good, that everyone's getting what people want to drink, people in the back, etc.
Your girl needs to help you, bro.
What the hell?
I think for him...
Drop her.
Drop that shit.
Reverse it.
Tell her no.
Sorry.
No.
You need to leave.
Yeah.
And I'll tell you what to do.
I'll tell you what subject to do it on.
Do it on sex.
That's gonna hurt though.
Bro.
The biggest brain fuck on the planet.
Roll over on a girl.
No, I'm good.
Oh, no, I'm good.
I don't want to sleep with you.
I'm tired.
Her biggest superpower!
Take it away!
Come on!
That's that drag game.
It works, though.
Or, don't bust a nut.
I'm done for tonight.
I'm tired.
Go soft.
Mindfuck.
That's messed up, bro.
That's messed up, dog.
Start thinking about that stupid-ass video game y'all are playing.
I go soft real quick.
Oh my god.
Listen, bro, you're a hater, man.
You know what's funny?
I don't even know what video game we're talking about.
I've never seen it.
We might have to go play.
Let's do it.
Imagine if Halo and Cod had a baby.
But here's the problem, I've never played either one of those.
I really haven't.
No, it's not even true.
I'm not even trying to look cool.
Probably I'd be trash.
I'd be completely trash.
The last time I played a shooting game was 007 on Nintendo 66.
That's the last time.
That's the last time.
And let me tell you something.
I was trashed then.
I was getting wrecked.
I'm like, this is stupid.
I'd rather play Blitz.
We spent nights, bro.
Summer nights just playing that game.
Multiplayer.
That was fun, man.
NFL Blitz?
Bro, that's lit.
NFL Blitz is lit, bro.
Okay.
Alright, what do we got here?
Last few.
Well, a couple more.
Malcolm.
Hey, Myron, it's very important that you take care of yourself.
How many hours of sleep do you get?
None.
I got like eight last night.
Eight or nine last night.
Yeah.
But I just lost my voice, man.
Listen to Malcolm, man.
Final Chower says, I had to stay away from my family.
All of them think I work too much or never relax.
They were trying to drag me down.
I'm almost at 200K per year person.
Suppression is wrapped in love.
Very true.
Jeff Jay Waller.
Yep, 100%, man.
You're doing the right thing.
Kim Chilin says, let's go!
That's my boy there.
ZDG says, I'm 21.
I'm prepared for my mom and sister.
How do I go about legalizing my mom?
I'm a citizen.
Attorney.
I don't know.
We're in a crazy world.
Marry her.
Oh, boy.
What?
Wait, what?
Marry?
Bro, I would definitely have a consultation with your immigration attorney.
Go do an unconsulted immigration attorney.
They know everything that we don't know.
Yeah.
Do it this year.
You better do everything this year before Trump takes office.
If he gets in, you're screwed.
That wall is up.
Happy to see Jay Waller back again.
Like the video on YouTube, Rumble Ninjas.
That's true.
Yeah, we got, what, 13, 12,000 y'all in here?
Yeah.
What's up, man?
At least.
Alex says, I'm a 21-year-old electrician apprentice from the boot, 15 minutes from Denham Springs.
How would you recommend me to scale business with a good coworker of mine who's 45 and has this licensed 20-year experience?
Cool.
So the guy that you have right there is what you would call a technician.
So there's an entrepreneur, the manager, and the technician.
So if I were you, I would sit down with him, create an organizational board where you show him running the field and then helping you on all the factors that helps you to estimate the jobs.
And then you run the office and you grow the business and go tell everybody you have the best in the business.
I really would do this.
It's like, I got the guy, we got the best crews, all that stuff.
So you need to build a recruiting team.
Arm of the business so you can find men.
And then you need to build estimating.
And then you need to be the front face.
And then that guy is the guy that keeps your promises on the backside.
He checks on all the crews.
He helps you build the QC list.
He helps you with the safety, all the checklists and systems.
You want to download his 20 years of experience out of his brain.
Because he's going to want to keep it in his brain.
And then you put them into the systems that help you estimate correctly, that help the jobs go on track from a safety quality and production standpoint.
And you have a bombshell of a businessman.
And I would talk to him about work ethics and what he wants in his life.
Because most of the time when you get a guy in that stage of their career, they're going to want different things when the business is successful.
So you need to be on the same page as to what those things are.
Oh, wow.
As the business changes, you come to find out different things about your partners and what they want to do when you're finally making money.
They might have kids, a family.
Yeah, or they want to go on vacation all of a sudden.
So you've got to find these things out.
But the number one thing I would do is download everything out of his brain into every system in the business from estimating to safety quality production and then go on the side and And build your book of business up with the general contractors.
And don't forget to build a spot for recruiting.
Because when you start to win work, you're going to need to ramp up and ramp down pretty quickly.
So, that's what I would do.
That's a solid answer.
The Love Clyde.
Sorry, They Love Clyde.
Keep it up, Myron and Walter.
Question for Justin.
I've never seen someone get so much backlash online, besides the Tates.
How do you keep your head straight all the time?
Love your work.
Keep it up, G's.
I tweeted the other day, man, my life is so good in real life.
How could I ever be upset with a little hate on the internet?
Seriously, my real life, my day-to-day life, waking up.
Like, seeing the view from whatever house of mine I'm in, kissing my kids, my smoking-ass fucking hot wife, girlfriends, whatever.
Like, getting in the Lambo, driving over here.
I was on a yacht with you last night.
I have real friends in the real world that are influential, powerful, intelligent men.
What the fuck do I have to be mad about?
Exactly.
You know what I'm saying?
The only real fight that I have right now is keeping my platforms up because of my affiliation with Andrew.
Yeah.
You know?
And that's not Andrew's fault.
And so we work through that as a family and we figure out how to do it.
And then, you know, maybe we move some content to Rumble or maybe some track on has something to say to be about my life.
I live in honesty, by the way, bro, my life is too good to be upset about it.
Big facts.
I'm going to leave here with my full-time camera guy to go shoot full-time content so we can keep growing and building the brand in my Lambo to my nice-ass apartment overlooking the ocean.
What the fuck?
Some dickhead on the internet has something to say?
Whatever, nerd.
Enjoy your mom's basement, bitch.
Fuck you.
Justin, just to be real though, this is an age-old battle between me and Justin.
Who has a better balcony?
Bro, thousand percent me.
I digress.
It's me.
Bro, you look at buildings and orange lights all the time.
I'm looking green, blue, yachts, planes.
I can see everything.
You're on the ass end of all these buildings.
Myron gets the views.
What?
Nigga, he has a fucking building right in front of him.
I love how he can call me that.
Yeah.
You know what I think is so funny about that word?
I don't care at all, right?
But I do think it's funny that you can say it.
If I said it, it would be fucking outrageous.
You know we don't give a fuck.
No, I don't care either.
You know, I was talking to Andrew the other day.
We're constantly ripping each other when it's just me, Andrew, and Tristan.
And I said, the world misses out on a lot of good friendship because they can't be racist anymore.
And Andrew looked at me and goes, who's tweeting that, me or you?
And I'm like, I can't even tweet it.
So he tweeted it.
But, I mean, it is what it is.
I think when you're really close to somebody, man, You can call them names.
I know I'm friends with somebody.
If I can make fun of them and call them names without worrying about whether they're going to get butter or not.
Yeah, 100%.
And I also know that if I do fuck with somebody like that and I can tell they got upset, I'm like, well, he's not for me.
100%.
Actually, I have three white friends, right?
Casey, you, and Jaden.
And I give you all the N-word pass.
You can say it whenever you want, brother.
You know what's funny about that word?
It's like, it's so not used by white males.
Yeah.
That it's just not something that's just gonna, like, come up out of my mouth.
And, you know, regardless of how other people use the word, it's just not my vocabulary, really.
The rapper Goldall in my chain.
What's his name again?
Trinidad James.
We were in the car bumping it, right?
He's white.
I won't say who it is.
Oh, I'm with your friends.
And the word nigga came up.
We're singing it along.
He said, I was like, wait, just say it, bro.
And then in the quietest tone possible, he said, nigga.
I was like, finally!
But around people, he won't say it.
I get it, though.
I get it.
I get it!
It's fine.
It's one of those double standards of life, man, and I don't have a problem.
I don't give a shit.
I really don't care.
It's funny.
You know what it is, bro?
I mean, this might sound kind of fucked up, but just don't let it bother you, man.
I mean, live your life, man.
Work hard, but come on, man.
People are gonna hit no matter what.
Yeah, it is what it is, man.
Like, I know it's a word that triggers the shit out of people.
Like I said, I don't use it.
But I also don't like the people that virtue signal.
Like the white people that are all, like, kissing people's boots and shit like that.
Like, bro.
Doing too much.
That's too much.
Let me ask you this, Justin.
You just spent a good amount of time in Romania.
You were hanging out with them, with Andrew and Tristan.
How was that, man?
It's incredible, man.
I mean, y'all know how I feel about the boys.
I thought we were just going to be at their house.
We were going to let our kids play and shit.
And they had actually planned a trip, so we went into Transylvania.
What was that like?
Castle, right?
Yeah, so a lot of castles.
And we started kind of...
That's because that's on the other side of Romania.
That's like, what, seven hours from Bucharest?
It was five hours.
Five hours from Bucharest, okay.
Yeah.
And then they kept going.
So they probably got to seven hours at some point.
So we went to Transylvania and we were seeing castles and visited citadels.
And me and Tristan really like to talk history.
And I actually think me and Tristan are going to be doing something talking history pretty soon.
So hopefully they get freed up.
More people need to know that.
It's a gift that Tristan has.
It's literally the only setting I think I would do like just an interview and just let him talk the whole time and just grab it out of him because it's so valuable to the world because if you can see history You can identify the patterns.
We're fighting the same wars that they fought back then.
We're just using different tools.
And understanding history is very valuable for that because what remains from the history is human nature.
And so there's these small subtleties that the weapons change, but the actual interaction of the humans don't really change that much.
The war is fought in different ways.
Like, look at a social media platform like a kingdom, and then you ally with other kingdoms.
Like, we have all these big social media platforms, and we partner and collab together.
You're choosing one another.
A side.
Right?
And that's as old as time.
People team up, and countries team up, and then, like, castles fall, man, and big powerful empires fall.
They get castled.
Yeah, or whatever happens, right?
Yeah, by the bigger powers it be.
Yeah.
So there's a lot to understand from history, and I think the weapons change, and Tristan is just an artist at it.
And in fact, when he's talking, I'm like, there's no fucking way.
And then you Google it.
It's true.
And it's dead nuts.
He'll name the year of a war, and I'm like, the fuck?
Bro, it was like four in the morning.
She's talking about history of Romania.
Oh, we set up.
UK. I was like, wow.
This is incredible.
I have a hilarious video.
My daughter's trying to pull me away to play, and me and Tristan are on a tablet, zooming in on the Ottoman Empire, the maps.
We're just smoking.
She's like trying to pull me in.
I'm like, no, babe, we're going to do this.
You're going to learn about Ottoman Empire.
She don't know what's going on.
Walks off like a toddler, but yeah, man.
I mean, hours and hours and hours, man.
Yeah.
It's something that he doesn't talk about because he doesn't want to come off as a nerd, but he's a legitimate historian.
He's legit.
I spent hours talking with him about history.
He told me about how the Mongolians, they were able to last longer in battle because they drank the milk from their horses.
Who would know a little fact like that?
Like, oh yeah, this is why people hated them because they were able to stay out there longer and fight for longer because of that.
I was like, what the fuck?
They basically lived off their horses.
I didn't know that shit.
Wow.
And what makes Tristan really, really awesome compared to the other people that are historian-based is that he gives you the God's honest, truth, kind of red pill angle on history.
Yeah, yeah, yeah.
Where people write the story.
They say it's because of this.
He's like, oh, no, no, no.
It's not because of this.
It was because of this, this, and this.
And these people are full of shit.
It was actually about the money.
Or it was actually because of the church.
Or it was actually because of this.
It's just, I think he's probably one of the best in the world, if not the best in the world.
Christopher Columbus.
Fucking crazy, bro.
Bro.
He knows it all, man.
Yeah.
He knows it all.
But no, it was really good.
So we went, we did the castles, and then we went up into the Carpathia Mountains and did some dog sledding, and it was a good time.
It's always a good time with the guys.
That's good.
All right.
Last few here?
Let's see here.
Hey, Myron, Fresh, and Justin.
I suffer with stuttering.
How can I overcome this?
Much love.
Ask Walt.
Yeah, I mean, obviously speaking, like, you know, I'm not all the way there, but to get over it, man, is confidence.
And I feel like most people just get to talk when they stutter.
And practice makes perfect, man, on some level.
So keep trying, bro.
And then as well, once again, it's about learning words.
So learn the words as well and become better.
We have Nate Baptiste says, 22 and leaving my mining job, making 150k a year, as I don't see any potential of a good future.
I want to leave and gain sales slash marketing experience.
I just want G's point of view on my situation.
22 leaving his mining job, 150k a year.
At 22, I wouldn't leave any job that I couldn't make double the money in.
150k is a lot of money, bro.
Consider that.
Stack it.
Maybe get it into real estate.
Build a future for you.
There's not very many people.
And we live in a world where everybody thinks that 22-year-olds are millionaires.
Very, very few are.
A lot of these two people are lying to you, bro.
That's good money.
That's grown-ass fucking man money.
So before you make that decision, I would at least know that I'd either put that money, stacked it up for a couple years, and put it into some kind of equity in a property that you can pull out later.
Or that you're going to make double the money in your new job.
If not, you need to stay where you're at.
Grind it out.
Bang.
Josh says, Myron sounded like RFK Jr.
Laugh my ass off.
Tell me I'm wrong.
Respect for Myron, though, for overworking himself for his supporters.
Yeah, right now I do sound like RFK. I ain't gonna lie.
Jay Bar says, living in my first investment property through FHA duplex.
Was the next move to buy another and live there and rent out the first one?
Or what should be the next move?
Do it again, my friend.
Do it again, bro.
Yeah, do it again.
I think you can get up to 10.
I think you can have it.
I think four.
Four, where you could use the FHA loan.
So yeah, bro, once you live in it for a year, move out, put a tenant in there, that house should be cash flowing at that point, and then you live in the next one.
Yep.
We have here as well, DMoney Mitch says, Second year of entry-level tech job, mid-twenties, $75k a year.
I invested $10k into a high-ticket sales program.
Did I get $40 to both?
But sales company, want full commitment, how can I finish doing both?
So you're doing two different things at the same time, high-ticket sales and also as well, a tech job.
You're going to have to put it this way, my friend.
You're going to have to cut all your free time.
You're not going to have any more time for your friends and having fun and clubs and bitches.
You're going to have to cut all of it.
Set a schedule, man.
Put it in a calendar as well.
Do y'all know if there's a way to limit tax liability by putting crypto profits into real estate?
Oh man, this guy's funny.
Just you, the man.
Sorry, Justin, you, the man.
Louisiana stand-up.
They'll be Myron, Fresh, Medium, Moe, Bills, and Thick, Icy.
That'll be RL Stream.
Yeah, I mean, hopefully the depreciation and the cost segregation can help you with offsetting your crypto profits, but it depends on how much.
I'll give you an example.
The 64 units I bought, we did a cost segregation study, and I got a $600,000 tax break.
Damn.
Damn.
That's crazy.
W. Waller.
600.
That's nice.
Peculiar Nomad says, I have a company electrical pulling three to six mil a year, but can't keep employees.
If they do stay, they start their own in the same field once they master it.
What comp plans have been successful for you?
Thank you.
Well, first of all, you're going to deal with this always, and that's why I always say that you should constantly be recruiting.
You're always going to have a certain percentage, I'd say between 10 to 20% of your men are dead men walking.
You know they're not there for the company.
As I don't blame them...
Do you make them sign non-competes?
Yeah, but they're worthless, right?
What am I going to do?
He'll go out of business in a year anyway.
He'll win too much work, he won't be able to scale correctly, and he'll be back working for me.
One thing you have to understand about our business, whether it's metal buildings or electricians, Your guys are going to go through phases where they're really, really, really good for a while, and then they might run into that old drug problem, or they might get a divorce, or they might not want to travel anymore, but then they kind of cyclically come back.
And as long as they left on the up and up and didn't screw us too badly, I'll bring them back.
It's an asset.
The way we've been able to retain our core group of guys Is we put a bonus schedule together or program together where the company is going to make 35%.
So let's say I do a $100,000 job.
We estimate 35% gross margin because we have overhead after gross margin, right?
So, once we get to 35, I'm splitting it with you three ways.
So, if you do 45% on a $100,000 job, that's $10,000.
That foreman is going to get a $3,300 bonus.
We're going to distribute the rest of the money to his crews and men, and then the house takes the other 30%.
So, if you hit the schedule and you do it right, and that incentivizes him to keep all the tools on the job, we have no safety issues, no QC issues, Callbacks would come after that, so we wait.
And this is good for you, too, with golden handcuffs.
It needs to be on retention because if you do these bigger jobs, that guy that's waiting on his bonus check, he might have to wait eight months to a year for that retention to come in to make sure that you have no warranty issues.
So that helps me with not complete golden handcuffs, but they stay around because if they quit me, then the house would keep the bonus.
So they have to wait for that payout and they have to do their job all-encompassing correct.
So we can't have anybody felt like...
You're trying to beat the schedule making the 10 grand bonus, right?
Or the $3,300 bonus.
You can't have a safety issue because that affects the company's e-mod.
You have to have all your tools checked back in because we can't have guys quitting putting tools in the pawn shop.
You have to stay to get the bonus And you have to wait on retention.
That has nothing to do with me, but that also ensures that you did the work correctly so I don't have warranty issues.
That's smart.
Accentivize to stay because of the bonus.
There you go, my friend.
Apply that into the electricity.
That's literally our system.
Free value.
Holy!
Oh, bro!
And I hope I have to write you 25,000 in bonus checks.
I don't give a fuck.
Because I know, based off that system, the company's made its money.
I'll get my little bit extra.
But that money's huge to him.
Why would he leave?
He has a business inside my business.
And the better he does, guess what?
The better jobs I'm going to give him.
So when the million square foot building comes, guess who gets it?
Him.
The guy that made the bag.
There you go, my friend.
That's how you retain your employees, my friends.
Shout out to Justin.
Systems in place, man.
N8 Wargo's, you got this fresh.
Jahar, just want to say thank you to FNF and Mr. Waller.
Got my first investment property duplex in Houston.
Known the best shape I've ever been in.
I learned a lot from y'all, geez.
Thank y'all.
Keep it up.
That is awesome.
I'm proud of you, man.
Good job, bro.
I think we did that one already.
I don't know.
We have a show on Friday with Miguel and Charlie.
My thoughts are Miguel and Charlie.
There you go.
They'll be here Friday, guys.
Don't worry.
Vic Isis says, Just want to thank you guys for all you do.
I closed today on my first four-family in Connecticut.
Congratulations, bro.
I was inspired four months ago after watching the pod with Steve from accounting.
Fuck yeah, man.
Good job, bro.
Buying in the Connecticut market is a good market right now.
Again, he says, I hit the gun running the next day.
No excuses.
Keep fighting the good fight, boys.
That's what's up, bro.
Shout out to you, bro.
A lot of you guys are becoming real estate investors because of us, man.
That is huge, by the way.
Yeah, that means everything.
You're paying yourself for your family, making money at the same time.
Shout out to Schmeebles.
Schmeebles, 100 bucks.
On investing in property in Australia, I'm saving money to be investing in the USA and have enough investment to be able to live in the USA because I'll be running a company there.
Fuck Australia.
Okay.
Kim Chellens says, what do y'all think about boxel beams?
I've seen this on Instagram.
What are those?
It's like box homes that go for like 50 or 60K. Yeah, I've seen them.
You can build them anywhere.
Yeah.
Yo, okay, hold on.
Riddle me this.
These billionaires, I think it was around like 15 billionaires, built bunkers recently.
What's going on, bro?
Yeah, Zuckerberg.
That is weird, isn't it?
Any idea what's happening?
Conspiracy?
A lot of times the world changes after a major war.
Currents change, they reset everything, so maybe they know something you don't.
It's gonna be tough.
Alright, and then DK Drewy says, 3 years and counting, flipping cars, making $150k a year clean, 870 credit score, would like to scale up and have my own dealership.
What is the best step to getting $500k a loan for the startup?
What's the best step to getting a loan?
You mentioned before having loans of credit early on in the business.
Would that help him?
It could.
If he could show his business on paper, the bank's going to ask him for profit and loss, balance sheet, trailing 12.
If he goes in there financially strong and shows that, then I think he could probably get a loan pretty easily.
All right.
Yeah.
On the last few here, Nate Ward says I'm 20 and pursuing HVAC or pipe fitting to get that 100k mark while also working a part-time job and training martial arts.
What kind of investments and skills would you recommend for maximizing my income?
Keep doing what you're doing, bro.
20 is pretty good.
Yeah, you're pursuing HVAC and pipe fitting, so that's going to get you to 100K. Keep doing what you're doing, man.
Sometimes, guys, you just got to keep doing what you're doing for a long period of time, and then you're just going to get the success.
Consistency plus time equals results.
You're only 20 years old, my friend.
I think y'all young guys, y'all's biggest risk is seeing these other young guys make a bunch of money.
Yeah, bro.
Make away success.
Yeah, bro.
Yeah, they're making money on the internet.
Like, bro, the reality is, I told you guys this before, a lot of people are not cut out to be entrepreneurs.
A lot of people aren't going to make money on the internet like that.
It's very difficult for a lot of y'all unless you have a mentor.
There's nothing wrong with having a blue-collar job, making $100,000 doing that thing, and then doing a scale on the side and making some money doing that, and then scaling that other side business up.
And then you get to pick what you want to do.
You want to do your blue-collar job, or you want to transition over to entrepreneurship, but the point is you have the choice.
And those jobs aren't going away.
And another thing that you have to understand that a lot of these guys that are making big money on the internet, they're having to trade the image of being a respectable man and having to be a clown on the internet.
So that's a trade that you would have to make to be able to make that kind of money online.
And I personally don't think it's worth it.
Especially the young guys.
Jeff says, Hey Justin, FNF. Huge fan of what you guys do.
I'm 24 years old.
Live in Canada, Toronto, suburbs.
I make about $15,000 per month now.
Studied construction in college.
Never pursued it.
Wanted to get into construction.
What would be the right step?
So 24 in Canada.
Study construction.
Wanted to get into it now.
Yeah, I'd go work for a really big company that's successful.
And I would spend that time paying attention to everything.
One of the best things I did when I finally got a job after college is I really paid attention to every system they had.
And I took all those systems with me to create structure from the beginning.
So look at it.
Most people go to college to get a construction management degree.
Once you get that job in that company, you need to be soaking in everything because they are paying you to learn how to run your own business correctly.
They're successful for a reason.
I say go in there, get paid, learn everything you can, take every system with you, down to the manual, and you won't have to pay for somebody to teach you how to do it.
You will literally get paid to learn how to do it.
You'll see it directly.
Pay attention and track it and really bring it all together and then go on your own.
Well said.
Jaden Digital Link North says, I'm 19, native, native, in a remote northern Canada reserve.
Starting a digital marketing agency, thanks to the real world.
No savings.
I'm getting 30k from government for unfulfilled land claims agreements.
How should I use it?
Also, where can I learn about Canadian credit cards?
Canadian credit cards are very similar to American credit cards, bro.
So you'll be fine there.
You can watch our credit episodes.
Because a lot of the credit cards that we have here in America, they also have over there in Canada as well.
But as far as like taking that 30k, man, I don't know about investing in real estate in Canada.
You guys don't get as good terms as we do.
That's kind of scary, bro.
And yeah.
And then you guys have a fucked up government, man, with Justin Trudeau, man, fucking everything up.
So, I mean, I would say look into investing in the United States, bro, if you can.
Bro, that's a big L. CryptoClans, our class, says, Hi guys, great Discord.
Just wondering, what are your thoughts on Richard Hart and PulseChain?
We've had Richard Hart on the show before.
Yeah, I mean, I think it's cool.
I don't have a problem with him.
I had him over.
He was on the show.
He was cool.
He was actually a lot cooler than you'd think he'd be.
Yeah.
It's pretty down-earth.
Caleb Gonzalez says, I have plans to take my tools and skills and start a subcontracting company.
I've decided to put in four years of service in the Army to get access to VA loans and save 100K plus of startup revenue.
Thoughts on military service for building wealth and fitness?
Absolutely.
It's a great foundation, man.
It's going to teach you to be a man.
You'll get out the military free and clear with no debt and a bunch of money in the bank if you do it right.
Like, yeah, bro, absolutely do it.
And then last but not least, Bruce Roberts says, Good day, guys.
A man has nothing more than $100.
What do you guys recommend his next move be?
I appreciate you guys' work.
A hundred bucks to his name.
You need to get a job immediately and start creating some kind of income, whether it's a low-skill job and then work your way up, but you need to get a job immediately and go bring some money in.
The problem is, bro, people don't want to put yourself in an uncomfortable position.
Chick-fil-A, McDonald's, cutting grass.
Go start somewhere, bro.
Joe Cardenas, shout out to you, bro.
Again, he says, Hi, my name is Joe Cardenas.
I currently run a trucking company with three trucks.
It's me and one partner.
We're doing 30K a week with 50% margin.
Looking to diversify and earn more streams of income.
Any recommendations?
Yeah, message me directly and I'll put your money in real estate.
You can partner with me.
Boom.
Man, there you go.
How can they find you?
They can go to justinwinwaller.com or they can look me up on Instagram, justinwinwaller7.
See, I want to be where the winners are at.
Jordan, I have a bachelor's in business management.
Whack.
Oh, no, we did this one already.
Oh, we did that one?
Yeah.
We did this one, too?
Yeah.
Curse word.
Yo Myron, can you drop the system your tenants use to pay rent?
You were going to drop the episode with Roger and Steve, but the idiots in the chat weren't whoring the likes.
I will do an episode for you guys on that.
Maybe next Monday we'll do that.
Where I'll give you guys a whole breakdown on how I run my real estate.
Because I got like 50 doors now.
So 19 properties is about 50 doors.
I'll tell you guys how I manage it and how I collect rent and everything else like that.
I could do that for you all in an episode.
That's going to be its own thing.
How I set up the LLC is everything.
Kano says, Justin, I'm big on taking care of any blue-collar guys.
I work with plumbers selling finished plumbing products, making 250k, selling them fucking toilets.
Anything is possible.
Just have to work hard.
I appreciate any advice these guys have to give.
WFNF. Shout out to you, bro.
Peculiar Nomad again says, thanks for the answer, sir.
In a niche market, no warranty issues, clearances, so no drugs.
FNF, Waller, keep up the good work.
Shout out to the two and a half, sorry, two and a eighth Americans Battalion, Semper Fi, Semper Kill.
All right, man.
Shout out to you, bro.
And then, uh, JG, thank you.
We have a redeemed report says, hey, Myron, my wife Isabella was on your show.
I'm on the track on side of things.
Curious if you're going to debate on whatever or if that's a fight you're willing to have.
Debate them what?
Are we done?
I don't know.
Debate them on what, bro?
Anyhow, guys, this is a fire podcast, live Q&A, Justin in-house.
Justin, where can I find you, brother?
You can find me on Instagram, JustinWin, W-I-N, Waller7, or on Twitter, Waller7J, and you can go to JustinWinWaller.com.
Boom.
Bam.
Guys, we'll see you at the hours in a bit.
Yeah.
Chris, what time?
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