Jay Waller joins us to talk about the El Paso Shooter and how he got started in real estate. We talk about how he's been traveling the world and building real estate with his dad. We also talk about what he's up to now that he's back in the states and what he plans to do in the future. Lastly, we talk about his plans for the future and what's in store for him and his family. It's been a year since Jay has been on the podcast and he's got a lot of stuff going on in his life. Thanks for listening and stay tuned for more episodes coming soon. - The FreshFit Team Subscribe, Like, and Share to stay up to date on all things FreshFit! Cheers, Jay and the FreshFit Crew XOXO, Myron and the crew at FreshFit Check us out on Insta: - and on Instapod: . to be a part of the Freshfit Team! If you like what you hear, please HIT SUBSCRIBE and leave us a review and tell a friend about what you think of the show! and we'll get a shoutout in the next episode! We'll be looking out for the next one on the next FreshFit Episode! Timestamps: 1:00:00 - What's up? 2:30 - What are you looking forward to next? 3: What do you want to buy? 4: What's your favorite piece of real estate investment opportunity? 5: What kind of property you're looking for? 6: What type of property do you're going to be investing in? 7:00- What are your biggest piece of advice? 8:00 | What's going to get you? 9:00 10:30 | What s your biggest asset? 11:00 / 10:00/10:30 / 11:30/11:00 & 12:30 13: Is it a good deal? 15:00 + 13:30 & 15:15 16: How do you think you'll be able to invest in Real Estate? 17: What s a good day? 14:00 // 15:30 + 16:40 / 16:00 Is it possible to get some money? 21:00+ 17 + 17:30+
00:09:34.000Actually, 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.
00:09:42.000So it's like, is now the time where everybody's scared and we buy when there's blood in the streets?
00:09:47.000So because the interest rates are high, we're getting better prices.
00:09:50.000And so we're hoping they drop and we refinance.
00:09:52.000Yeah, I picked up seven houses last year, so everyone's scared.
00:09:57.000You 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.
00:10:07.000Right, because the seller knows that you have that interest rate.
00:10:34.000Especially all the weekend warrior real estate people.
00:10:37.000And that's why we're starting to fund this year.
00:10:38.000I 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.
00:10:44.000And then it's going to drop, and then we're going to refinance and make a bunch of fucking money.
00:10:47.000Yeah, 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.
00:10:56.000So they're going to definitely bring these interest rates down.
00:10:58.000Biden's going to want to look good at the end.
00:11:00.000That's why he's going to do all this border shit.
00:12:08.000I 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.
00:13:51.000I always like to say I don't give a shit who wins a presidency.
00:13:53.000And the reason is because winners win in every environment.
00:13:56.000If 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.
00:14:14.000I 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?
00:14:49.000It's interesting because people care so much about...
00:14:52.000Obviously, 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.
00:14:59.000I 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.
00:15:07.000Unless you're super, super wealthy, who's in office doesn't matter to you.
00:15:10.000That's why all the biggest people that donate Have a lot of money.
00:15:23.000And 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.
00:15:31.000And the reason I think things like 1031 would use 1031 again, or depreciation and things like that, Democrats own properties too.
00:15:39.000And so a lot of times when I'm looking at, okay, what laws will they come out with?
00:15:43.000How will things, how far will inflation go?
00:15:45.000I 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.
00:15:54.000And 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.
00:16:09.000And 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.
00:16:22.000So DSLD or D.R. Horton would be fucked.
00:16:24.000So I think the reason the interest rate's going to always go up and down is to kind of keep that balance.
00:16:29.000And I'm not crazy about the interest rates, but I do think they're going to fall.
00:17:39.000Let's say the bill was $20,000 a month.
00:17:41.000Let's just say, or let's say it was $30,000 a month if it had been principal and interest.
00:17:45.000I'm just throwing these numbers out for round numbers.
00:17:47.000But I'm paying $15,000 a month, which means I'm pocketing that money.
00:17:51.000What 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.
00:18:01.000So 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.
00:18:09.000Another thing that we're doing, so I get the deal from a war room guy.
00:20:01.000Yeah, and you're talking now with interest-only loans, et cetera.
00:20:04.000How does one go about getting an interest-only loan?
00:20:07.000Because 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.
00:20:13.000And you could do it for a period of time.
00:20:59.000But 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.
00:21:13.000So 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%.
00:21:29.000And the owner doesn't want to sell it for that.
00:22:10.000And 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.
00:22:33.000So 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.
00:22:49.000And over those five years, he gets this $15,000 a month lick.
00:23:08.000So let's explain that to the audience real quick with owner financing because this is more advanced.
00:23:12.000Guys, we're throwing a lot of terms out here.
00:23:14.000So 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.
00:23:40.000And 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.
00:23:49.000And he likely doesn't have a 1031 exchange.
00:23:51.000We're going after mom and pops that have owned these parks for a long time and has been their income for a long time.
00:23:56.000They're tired and their kids don't want to take it.
00:24:09.000And 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.
00:24:22.000And 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,
00:24:38.000I 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.
00:24:53.000And 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.
00:25:01.000And guys, so owner financing is something that you can use, especially when the interest rates are high as a negotiating term with the people.
00:25:07.000Like, hey, look, the bank is going to want 8%, 9%.
00:25:10.000How about you give me a 6% and you just finance the deal.
00:26:00.000And buying new trailers with it, putting it back in.
00:26:02.000So 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.
00:26:19.000And 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.
00:26:24.000I know a lot of people are like, whoa, whoa, whoa, hold on, five years?
00:28:04.000And 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.
00:28:11.000That 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.
00:28:18.000So at the end of that five years, you have more than enough to pay the guy back.
00:28:23.000And you know, I know that I've been talking to some bankers and I know these interest rates come out.
00:28:29.000Think about the people that bought their property five years ago.
00:28:32.000And they're landing at the end of their balloon.
00:28:35.000And they were taking the cash flow, not putting it back into the property.
00:28:37.000Not paying it down, not paying the principal down, right?
00:28:40.000So now they have a substantially larger bill with a higher interest rate.
00:28:44.000They will bankrupt on these properties.
00:28:46.000I'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.
00:28:52.000So 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.
00:29:03.000Would 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?
00:29:15.000The 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.
00:29:26.000Because 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.
00:29:36.000Or the Jimmy John's or whatever it is, that anchor tenant, the Little Caesars.
00:29:41.000When they see that contract, they'll give you the loan for the rest of the strip mall.
00:30:49.000I have an advantage with my metal building company, and I think warehouse is the future.
00:30:54.000The reason the strip malls are dying, the boutiques, is because everybody's getting their stuff off Amazon.
00:30:59.000So 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,
00:31:28.000Tilt walls, just warehouses, scaffolding.
00:31:32.000They'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.
00:32:19.000How does someone become an accredited investor?
00:32:21.000Yeah, 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.
00:32:32.000I think you can make 250 a year But we vet everybody.
00:32:35.000If anybody's anywhere near that territory, get in touch with us.
00:35:24.000Yeah, I mean, it depends on the situation a lot of the times.
00:35:27.000I 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.
00:35:32.000Like, you might, you know, because they're, like, trying to build something with this guy, and I'm like, he's not it, man.
00:35:36.000You might have to go fucking find somebody else.
00:36:18.000And one of the most fulfilling things I'm gonna get out of being a father is good luck, bitch.
00:36:23.000So, 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.
00:36:30.000And 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.
00:36:50.000I'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.
00:36:56.000So all I want to do is educate my kids on the world and what they can expect from their choices.
00:37:01.000Give them the tools, which is the fulfilling part we were talking about earlier.
00:37:04.000I think the fulfilling part for me is going to be developing them into their own people so they can be independent.
00:37:10.000Just 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.
00:37:18.000It's not because I want her to be an independent bad bitch.
00:37:21.000It's just because I want her to live her life with the final thing I want to teach my children, which is choice.
00:37:36.000Yeah, and I think that's an important thing is let people know that choices have consequences.
00:37:41.000The 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.
00:37:48.000And 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.
00:38:02.000And 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.
00:38:08.000We all know those girls that have a strict father or mother, can't leave the house.
00:39:51.000You 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.
00:40:03.000You want to be able to get that nice little parachute.
00:40:06.000So I would say stick it out, man, unless you really, really hate it.
00:40:09.000But going into the private sector isn't all sunshines and rainbows like they try to tell you.
00:40:13.000A 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.
00:40:47.000I'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.
00:41:00.000You 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.
00:41:07.000You 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.
00:41:14.000But in regards to how to pick up women, I have nothing for you.
00:42:26.000If 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.
00:42:59.000If 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...
00:43:06.000because you're such a goody-two-shoes Bible-thumper.
00:47:51.000Yeah, and so that's the point they need to understand.
00:47:53.000Like, listen guys, like, profit's not a bad word.
00:47:56.000He'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.
00:48:02.000If you support Walt, rent the fucking car.
00:49:13.000And 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.
00:49:18.000I definitely would go in a bad neighborhood.
00:49:20.000When 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.
00:49:29.000In 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.
00:49:57.000I 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.
00:50:06.000So he was a completely cool dude to me.
00:52:08.000But 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.
00:52:19.000So there is plenty out there of his opinion on real estate.
00:56:45.000One 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.
00:56:51.000If 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.
00:57:01.000The 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.
00:57:31.000Yeah, I would take those contracts to the bank, and the bank will give you loans and lines of credit against the contracts.
00:57:36.000I had to do that a lot when I was building the business.
00:57:38.000So 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.
00:57:46.000I'd also try to negotiate for better payment terms, net 30.
00:59:37.000Yeah, 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.
00:59:44.000Bitcoin was way down, and they told you guys to buy it.
00:59:47.000If 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.
00:59:53.000Actually, we got some things coming as well.
00:59:56.000And by the way, the girls, remember we had a show with the girls?
00:59:58.000We asked the question, what would you rather have, a thousand bucks or Bitcoin?
01:00:02.000And they said thousand bucks, most of them.
01:01:23.000He has been getting sued because he's not bringing in accredited investors.
01:01:26.000In 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.
01:01:46.000Jonathan 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.
01:02:00.000This requires moving over an hour away, and I will be on call one week a month.
01:02:06.000Option one, stay at current job, 44K a year.
01:02:09.000If 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.
01:04:13.000I'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.
01:04:19.000And if I lived in a shithole like Canada, I would consider that.
01:04:50.000We 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.
01:05:01.000So a lot of our real estate debt is with small banks.
01:05:04.000Now, they have their limitations, like $5 million limits a lot of times with the smaller banks that they can give you on properties.
01:05:11.000But I think you mix it up and let them fight it out, man.
01:05:14.000If 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.
01:06:00.000It's like some banks are for real estate.
01:06:02.000Some banks are going to lend themselves to certain kind of farming.
01:06:04.000Some banks are going to lend themselves to checking accounts and credit cards a certain way, like Capital One, for example.
01:06:10.000So different banks are kind of making their money in different ways.
01:06:13.000And 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.
01:06:20.000And I think being a builder or being in real estate, the small bank is always going to serve you better.
01:06:41.000Shout 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.
01:06:47.000Yo, W. Myron, when is Vitaly coming on?
01:06:50.000Uh, I mean, I heard he's gonna be here next week.
01:06:52.000I mean, guys, tell him that he can, uh, tell him to come on Fresh and Fit, man.
01:06:56.000I mean, spam his kick chat or whatever.
01:07:51.000Yeah, man, I like to pay attention to what I have an energy for.
01:07:54.000You 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.
01:08:00.000So if you have an energy for project management, then understand that about yourself.
01:08:04.000Do 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.
01:08:11.000Because project managers are generally drivers that make ideas happen in real life.
01:08:16.000It's that personality type that really makes them win.
01:10:09.000Bro, you know what your girl should be doing?
01:10:11.000Not 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?
01:13:29.000So the guy that you have right there is what you would call a technician.
01:13:32.000So there's an entrepreneur, the manager, and the technician.
01:13:34.000So 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.
01:13:44.000And then you run the office and you grow the business and go tell everybody you have the best in the business.
01:14:08.000He helps you with the safety, all the checklists and systems.
01:14:10.000You want to download his 20 years of experience out of his brain.
01:14:14.000Because he's going to want to keep it in his brain.
01:14:16.000And 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.
01:14:24.000And you have a bombshell of a businessman.
01:14:27.000And I would talk to him about work ethics and what he wants in his life.
01:14:30.000Because 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.
01:14:39.000So you need to be on the same page as to what those things are.
01:14:42.000As 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.
01:14:49.000Yeah, or they want to go on vacation all of a sudden.
01:14:51.000So you've got to find these things out.
01:14:52.000But 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.
01:15:06.000And don't forget to build a spot for recruiting.
01:15:09.000Because when you start to win work, you're going to need to ramp up and ramp down pretty quickly.
01:16:30.000I'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.
01:20:07.000It'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.
01:20:22.000We're fighting the same wars that they fought back then.
01:22:04.000And 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.
01:23:49.000So 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.
01:23:59.000Or that you're going to make double the money in your new job.
01:24:02.000If not, you need to stay where you're at.
01:24:31.000Four, where you could use the FHA loan.
01:24:33.000So 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.
01:25:32.000Yeah, I mean, hopefully the depreciation and the cost segregation can help you with offsetting your crypto profits, but it depends on how much.
01:26:27.000He'll go out of business in a year anyway.
01:26:30.000He'll win too much work, he won't be able to scale correctly, and he'll be back working for me.
01:26:34.000One 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,
01:26:50.000but then they kind of cyclically come back.
01:26:52.000And as long as they left on the up and up and didn't screw us too badly, I'll bring them back.
01:26:58.000The 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%.
01:27:12.000We estimate 35% gross margin because we have overhead after gross margin, right?
01:27:19.000So, once we get to 35, I'm splitting it with you three ways.
01:27:22.000So, if you do 45% on a $100,000 job, that's $10,000.
01:27:27.000That foreman is going to get a $3,300 bonus.
01:27:29.000We're going to distribute the rest of the money to his crews and men, and then the house takes the other 30%.
01:27:36.000So, 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.
01:27:50.000And this is good for you, too, with golden handcuffs.
01:27:52.000It 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.
01:28:04.000So that helps me with not complete golden handcuffs, but they stay around because if they quit me, then the house would keep the bonus.
01:28:13.000So they have to wait for that payout and they have to do their job all-encompassing correct.
01:30:17.000On 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.
01:31:02.000Alright, 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.
01:31:12.000What is the best step to getting $500k a loan for the startup?
01:31:16.000What's the best step to getting a loan?
01:31:18.000You mentioned before having loans of credit early on in the business.
01:31:42.000On 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.
01:31:52.000What kind of investments and skills would you recommend for maximizing my income?
01:32:19.000Yeah, they're making money on the internet.
01:32:20.000Like, bro, the reality is, I told you guys this before, a lot of people are not cut out to be entrepreneurs.
01:32:24.000A lot of people aren't going to make money on the internet like that.
01:32:26.000It's very difficult for a lot of y'all unless you have a mentor.
01:32:28.000There'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.
01:32:36.000And then you get to pick what you want to do.
01:32:37.000You want to do your blue-collar job, or you want to transition over to entrepreneurship, but the point is you have the choice.
01:32:45.000And 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.
01:32:56.000So that's a trade that you would have to make to be able to make that kind of money online.
01:33:00.000And I personally don't think it's worth it.
01:33:47.000Most people go to college to get a construction management degree.
01:33:50.000Once 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.
01:33:58.000I 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.
01:34:09.000You will literally get paid to learn how to do it.
01:36:00.000You 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.
01:36:07.000The problem is, bro, people don't want to put yourself in an uncomfortable position.