INSIDE THE VAULT: How Storm Leroy Became the Employed Millionaire while Working a 9-5 Job

Why you should be in real estate is a 15-minute conversation how real estate could change your life is another 15-minute conversation yeah but what you do when you get into real estate far is setting up that real estate correctly and now setting up your trust and everything correctly yeah that's a lifetime conversation yeah yeah here's the big picture see every time we go in this room that's when i light up right Yeah because real estate is like yeah i can talk about real estate all day yeah but am i helping you create wealth no i'm

not yeah so when somebody says yeah buy your house might create generational wealth yeah like bro no you're deceiving people buying one house does not create generational wealth for you no it's a gateway to start doing things the right way to to eventually go in a legacy wealth building right there's a Difference between yo i'm doing good there's the difference between we doing great and then there's a way difference when you hear about a family you're going there well off see the power of that yo how are you how are you yo we good yeah

the house of now we great yo how's that yo they well off where are you at where do you want to be when you hear the name rockefellers and rough childs and all this like gucci Bendy all these big you're like what you think you can't be there they well off yeah why you can't be well off yeah why do you just want to be good or why great that's fine but when you start i always say this too bro when you start thinking about the generations of the kids you can't see you respond different

man hey wait wait wait i know you want to watch this next video but listen if you are an entrepreneur business coach Business consultant or a small business owner who has a story and wants to learn how to create multiple streams of income from your story i need you to text me right now my book to 646-687-4152 that is my personal number i have been an author for over 12 years i've written 10 books four of them have been best sellers and i've sold over a hundred thousand books but i've also helped a lot of

my clients take their expertise and put it into a story then Create multiple streams of income from that so i want to help you do the same thing so text my book to 646-687-4152 all right let's go back to the video pay attention and listen to me bout to teach class inside the book my man ass cash so get your man right thursday nights 8 pm cm change all night me and their mindset the best on earth blueprints of wealth network forget it while you can any standing right here just come and save The phone

and see black millionaires [Music] welcome to another awesome episode of inside the vault with ash cash the greatest money mindset show on the planet when i tell you you are going to be inspired motivated and moved by this episode um for a long time i've kept my my og's my mentors to myself uh but this is somebody who has personally advised me on a real estate tip on trust wills all of that all of the above but most Importantly he became a millionaire while working a nine to five so i know that you are going

to get value out of it because the number one question i get is how can i create wealth while still having a job and there is a lot of job shaming entrepreneurship shaming people make it seem like there's one way to skin a cat like you have to be an entrepreneur but this guy the living legend mr storm leroy is in the building my brother What's up what's up man finally man let me get comfy in here man man took a minute man man we got it done man and so um you know this is

a i already know that they gonna have to rewind this episode over and over because the the level of game that you about to spit is like is going to go crazy but before we even go there um for those who don't know Who is storm leroy wow okay that's a great question i'm storm leroy i'm from brooklyn new york i've been in real estate for over 20 years um i worked for the telephone company my ambition i've really been inspired to do two other things throughout my life you know i've i've always been motivated

to be an entrepreneur you know i started out with doing hacking and computers and my brain expanded from there i got into A little mischief with back if people remember the flip phones and all that stuff and then i went and opened up a barber shop i always wanted to to to do my own thing i never really believed in the conventional way of making money you know what i mean so being inspired by my dad who instilled in me that that saying he always would say to me don't pay anyone's mortgage don't pay anyone's

mortgage right and i even Though we didn't own our own house he still understood the value of home ownership right and the reason why we didn't own our own home is because my dad came from the south my dad had like an eighth grade education he came and started doing construction work my dad was always a hard worker so we moved here to brooklyn he was back in back in the days there were times when people would stand outside just like how they they would do At home depot to try to get jobs my dad

would be out there at the job sites so my dad was real strong and brooklyn has a hospital called woodhall so he was standing out there he ended up getting a job working wood hall to do the construction building this hospital right so at the time of building this hospital he would always come home and tell me take my boots off take my boots off so i had eight brothers it was eight of us It's ten of us in total take my boots off take your take my boots so i would take them off go

back out inside and play take them off but one day while working he gets caved in while digging a ditch so they bring him home from the waist down he's covered in dirt they bring him carry him in remember there was no unions there was none of that he wasn't even supposed to be working there bring him in drop him off in the living room Set him down but he still calls me in to take his boots off get in there take his boots off so he says to me while i'm taking his boots off

you know why i asked you to do this every time so remember he's all muddy hurt up so i look up at look up at him and i go why he says because i don't want you to go through what you see me going through wow hit me hit me i was probably i was probably about eight years old You know eight years old so from that moment there i said all right there's something he's trying to give to me but i couldn't get it because i was eight years old so as time goes on

i was always motivated to do different things i was always into electronics trying to uh baseball cards selling them all of that so now me fast forward a little bit more i got into the phase where i said to myself you know what Now it's time for me to start working i wanted to make my own money so i went packing bags local stores doing my thing move a little bit faster i get my own apartment so now it hits me i start paying rent for the first time i said yo this ain't just don't

feel good right something's wrong with this and he chose me to deliver this message in not like either my brothers or sisters were inferior to me it's just people had Different you know you could sense that thing in some people some are great artists someone to some entertain some do this i just was more business so once i got that first place i said i can't do this i got to buy me a property i have to buy me a property so i got my first property in new york in brooklyn 99 my first brownstone

yeah got that for like 350 000 350 000 now today that building Is worth 1.5 1.7 million dollars so but when i got that building there was a thing we they was giving everybody a mortgage who wanted one yeah right so that was the easy part but the game was when you get a property now you get a construction loan take that construction loan for about 150 go buy you another brownstone go buy you another so that was the game we was doing so i ended up buying another one and another one but but let

me uh and to let me interject And throw this out before i got my first property back in 99 around 95 that's when it really hit me because i wanted to do real estate i wanted to look at i went to go look at a property on bergen in washington in brooklyn which is a very nice area the problem i did the problem which happened when i went to look at that property i took two people with me who didn't see my vision so with that being said i encourage People if you have something you

want to do have like-minded people around you or going with you to see the vision because you can have a hundred reasons why you should do something but all it takes is that one and somebody to confirm the one reason you shouldn't do it and guess what you won't do it yeah even though you have 100 reasons yeah yeah yeah and so now uh you go look at this brownstone you get Talked out of it right um and and now four years later though you said i'm gonna take advantage of it what was that spark

that said you know what i shouldn't have listened to them four years ago what it was this time around for me was my conviction of knowing that this was this was it yeah you know back in the 90s there was uh the huds and they would hud the housing development they would Knock on doors asking people to buy your homes 80 000 to buy the lots you know a lot of people know this was in many states buy the lot for five dollars a hundred dollars just keep it clean pay the taxes right but we

didn't believe in our neighborhoods because of what we saw yeah because even all of them they were selling them for a dollar so you know that's right you from harlem so you know what it was they were selling them for a Dollar but we sort of cracked we saw the drugs so once they came in we were like this ain't gonna never change so we didn't buy him yeah but all they had to do was live up to a commitment of how many people they would sign or how many people they would go around and

then these offers could be made to people who don't look like us this is where gentrification comes in now you know what i mean but what what uh let me stick to that question you asked when i What moved me to buy that property then was i had a friend in real estate he was a realtor and he was like yo real estate is banging in brooklyn blah blah blah i said yo man i want to really get into real estate said i got a spot over here and brooklyn come check it out i went

to go look at the place automatically i said yo i'm getting this spot bro i said nothing's stopping me he's like yo you have every reason why because i sold this place and this is gonna happen and This and this you know it was still a little shaky yeah but he knew the vision of where it was going so i bought that one place and like i said i bought another place after that but what i did was when i bought that place i got it i gutted it from the first floor from the basement

all the way up to the roof the brownstone ripped out all the plumbing the electric and i said you know what because when i do this place i Don't want to have to worry about coming back in to fix it so that was amazing like i'm standing in the basement looking all the way up at the roof going yo i got it this whole joint but you know what also said to me yeah i don't ever want to do this again and that was going to be my question though because i think one of the

unique things i love about your model uh is that you you know a lot of people want to get into real estate uh but a lot of People focus on being the landlord right like i want to be the landlord um and and there's like this badge of honor to be in the landlord or even some people don't get into real estate because they're like i don't want to be the lead i don't want when when something breaks you call me you guys jiggle you know jiggle you know toilet things of that nature um and

you created that model uh and so you know you know in in gutting Your brownstone you saw all the work that had to be done with that and you said no more talk to us about that no more you know why because i had a job yeah i was working for the telephone company yeah so now that i got at this place and i'm doing all this work i had to take my time like take time off right so i'm using my sick time i'm using my vacation time and i say yo you just literally

created another job for yourself bro I said this was all good it felt good looks good i'm accomplishing something i've never done before but i said is this what i want to do yeah as far as work yeah and then it's it's the coal sheet rocks workers this i said nah there has to be a better way so once that project was done had the other brownstone had to get that done i said i'm going to figure out a way to keep doing this but not on this level but so after i'd done them too

I stopped buying real estate i stopped buying because i didn't want to do that no more so now i'm living my life you know i'm making some extra bread cause i got rent coming in tenants is paying a mortgage i'm traveling i'm enjoying i'm doing hip hop i'm i'm doing everything except real estate because you know why that felt like work yeah i said yo i want to get back into real estate because i see this is where all this extra bread is coming from so how do i Make it not work because i have

a job already yeah that's when it came up came into my mind popped into my mind and said you know what let's start looking at out-of-state investing let's look into the out-of-state market so i'm talking all my local investor friends and i'm like yo what y'all know about out of state oh man out of state is cool but i wouldn't do it i can't see it i gotta do this that i'm like you Know what all right i have to talk to other people invest out of state so now i go online i'm looking into

all the out-of-state things this was roughly about about a little over five years ago i've been in out-of-state investing so there's a place bigger pockets i'm looking into that and i met three of my best mentors from biggerpockets.com and i always recommend this place here they start talking about it's a place where two million investors hang out and Talk about investing yeah yeah out of state and everything and i'm hearing all these great stories how to do it correctly yeah how to do it without seeing it how to manage these properties how to do this

that that and i'm like yo this is the ticket because everybody's mastering it right so now remember i'm working i'm working verizon yeah so now i get into my first out of state i get a property management company i Find me a property i set up the property management company to go look at it i start doing all of this by emails and phone calls get my first one under the belt i said sat back money's coming in and i go oh i can do this again i'm not doing no work but hold on real

quick right because i feel like um one of the things that Um the biggest purchases people are gonna make there's three big purchases people gonna make in their life it's gonna be a home it's gonna be a wedding if they get married and probably their their car right their dream car right those are the three like every single person has that dream to do that yes most people it's it's an emotional thing to buy a home right and so you're saying that you can Do that like how like how do you advise somebody to buy

a home out of state they never see it they never go to it and you're making money from it like break that down like first but not not necessarily the how can we we're gonna get to the how emotionally though right because this is this is all mindset because to be honest With you you know i've been around people and have given them a million dollars worth of game but because their mind isn't in the right place they can't even act on the game that you give them right and so what type of mindset does

it take for you to um or what did it take for you to get to that mindset like yo out of state i'ma i'm gonna take the chance on it hey here's my that's a good good thing that You brought that up because actually i was jumping too far ahead so i'm glad you rolled me back in the most important thing is the mindset when you say to yourself what do you want to be look at the vision of where you want to be and now you start working backwards yeah i knew i didn't want

to be a landlord a landlord someone has taken care of tenants someone has to do with this someone that has the power to call me on The phone and tell me i'm not giving you money until you get here to fix something i'm not paying you unless this is done that sounds like a boss to me no disrespect no landlord but when someone has that kind of power to say no i'm not going to be here this time so get here this time when i be here no i'm not gonna do this no you must

do this a b c and d that sounded like a job so the mindset had to change of okay where do i want to Be yeah i knew that wasn't it so when i said you know i want to be a ceo i want to be a manager of something i want to manage people who delegate duties that's when the the switch hit that's when the light went off and said okay so now i must find these other people to do these things that i don't want to do and release the emotional part because if

you worried about the Emotions of buying something like a house you're gonna lose anything that's business you always take away the emotional aspect of it first and foremost you don't make a deal based on decisions you don't buy things based on decision especially as an investment your personal home yeah you worry about the neighborhood you worry about the color how many bedrooms how many bathrooms but as an investment property With business the main thing that should be your number one is what's my return what's my return on the asset and i speak to people about

properties in such a manner that i don't talk about properties i talk about properties as an asset all of my properties are portfolio pieces that that's what they are yeah they're companies in my portfolio so they say yo how many properties you got automatically i go i got over 30 Companies in my portfolios because that house is a company it's an asset producing income and when it stops making that income i need to get rid of the asset so see how your emotions get taken out of the equation when you don't look at it as

a property so the mindset is crucial and the reason why this works so well because first and foremost i always tend to uh project all that is to people who have a job because when you have a job your time is limited And now your emotions is caught up in your job and your family you're going dag i don't have that time so now something's tearing at you to go how do i manage something and maintain my job because remember key thing i had a job yeah and i knew the importance of keeping your job

because your job is your first business partner your first business partner is your job and when you look at it in that manner you no longer hate your job Yeah people who talk about their job in such a a way where it drives them nuts and hate it which i understand because i was that guy start thinking about it as a business partner guess what you're going to respect that business partner because you know there will be a day when you and that business partner is going to part ways so it's a temporary feeling right

right right you see what i mean and also that Job is your first means of funding what you're trying to do right so if you now come into the equation of saying oh man i hate this job i hate this job now this job you're getting paid you go home on the weekends and guess what you're gonna do you're gonna sit and and just get overwhelmed out of what you hate and build up enough tolerance to do it for five more days all over again but if you said to yourself this job is my business

partner so what i got to do on the Weekends is now take these funds to create another business another source of revenue and income and i will now be able to cut ties with my current business partner who we are not getting along right right right right right right and i'm gonna stop me a new business yeah yeah yeah is set of mindset changes absolutely and i love that because again like uh there's been such this recent backlash or nine to five shaming um and And that's why i was like oh we gotta have you

on the platform because like you literally use your your job that first investor and cr you became a multi-millionaire from that right you like like like you the day you quit your job i remember actually seeing the video and like i didn't even know you worked and i'm like yo i know i'm like yo i'm bugging like i know that storm's a millionaire and like yo why is he retiring so i Called i'm not your bro what's like what's going on like and i realized you know in talking to you i'm like yo like you

literally are the true testament of leverage right leveraging what you have to get what you want um not being emotionally attached to uh you know what other people are saying what up you know like like i always have the saying do not give permanent energy to temporary things right you had you had the the bigger picture of mine you Like yo multi millions yo i'm gonna use this to kind of uh you know you know get to that space use it as a funder and from a mindset perspective what people don't realize is if you

are stressed out you can't perform at your best anyway right i tell entrepreneurs all the time i remember right i'm a real life teacher i remember quitting my job being stressed out and taking anything as an entrepreneur because i didn't have The means i i you know i'm married i gotta i got a one kid at the time i'm like yo so now i'm taking i'm taking less than i deserve because i'm struggling but then when i was i'm gonna go back to the bank i went back to the bank got six figures and now

i'm like nope i'm not doing that nope i'm not doing that and i was able to leverage it so somebody right now is watching right they got a hundred thousand dollars saved up they Got ten thousand whatever what is the first thing that somebody who's interested in investing like they love what you're saying yo i work my nine to five i want financial freedom i do not want to create another job but i i want to have the money to do whatever i want to do what's the first thing they do first thing you need

to do if you you know you want to invest out of state that's the key thing it's investing i Don't know any part of real estate and where you want to invest but the problem is real estate is so expensive in a lot of places so you must automatically say to yourself where does my dollars work for example in alabama i have about 12 properties there in alabama i'm in like alabama georgia milwaukee florida ohio i'm all over the place and never seen none of These properties so you own them and you've never seen them

yeah own them and never seen yeah don't plan on ever seeing them yeah if i even there's places i've been to that like i've been actually at alabama and they go you want to see properties i'm like why right i don't want to see there's no reason for you to look at them right because the mindset yeah so now if you have a certain amount of money the goal is to say where does my Money work for me where does this money work so let's look at a hundred thousand uh you got ten thousand let's

say about uh a sixty thousand dollar property yeah i give perfect example sixty thousand sixty thousand out property ten percent down is twelve thousand dollars now this is real life example i'm gonna give you several projects i've done at sixty twelve thousand dollars down okay you probably got two let's see if you get you got ten Let's see where you can get two from which isn't that hard yeah partner partnering is one of the biggest things and i'll get into that later yeah matter of fact i'm addressing now for people you understand something yeah partnering

is one of the best strategic strategies you can do when looking to to invest especially in real estate one of my mentors told me he said when you start the partner you're going to be unstoppable because i was making my Money you know at the telephone company i'm buying properties i'm doing my thing he said no you you doing it but watch you know why because if i took that twenty thousand dollars to get that hundred thousand dollar property but what if i said i wanna partner with somebody who got twenty thousand dollars too instead

of me buying one property with twenty thousand dollars i partnered with somebody that's Two properties with my 20s yeah so now here's the bigger picture say okay yeah you got two properties but what we don't look at is doing your taxes taxes taxes are one of the biggest and beautiful ways to make more cash flow on your property so now you're writing off big expenditures we're getting that later because you're not talking about all the llc stuff but now if i partner With somebody with 2022 properties i get another twenty twenty two two we got

four properties me and you got four properties instead of me just buying one we got two you're bigging you're building a bigger portfolio by master by mastering the art of partnering so now someone has ten thousand dollars you get to a sixty thousand dollar property let's go down to a fifty that Makes sense matter of fact let me do one better i did a deal about a month ago a property i sold i bought it for forty thousand i got a local loan from a commercial bank and i think it was in indianapolis so the

40 000 property the down payment with closing was 8 600 so 8 600 on a forty thousand dollar property paying eight hundred dollars and section Eight guaranteed which i love guaranteed rent section eight uh federal government va guaranteed money so now the mortgage on that the mortgage on that forty thousand dollar property was three hundred dollars a month so now i'm getting eight hundred dollars around 800 section eight so that's five hundred dollars a month cash flow guaranteed coming in on that 40 000 property so five hundred dollars a month at the end of the

year we're looking at six Thousand dollars right so remember i put down eighty eight thousand dollars eighty six hundred dollars i'm making five thousand dollars right back at the end of the year now i'm doing taxes on that property that property is done properly in the llc the llc now attaches to me having a home office the things of writing off when you have a home office and i tell people please set up your llc's correctly yeah Yeah real estate we gonna talk about that cause you you blew my mind with with that with the

house so i ain't gonna go that deep right but real estate is a ten minute conversation setting your business is a whole nother thing yeah so now once you get that 5 000 you're making your money back on your taxes you make another 1500 i made my 8 600 back right there when you and this is continuous cash flow but that same property i paid 40 000 for Now the area's going up now we see what's going on yeah i say you know what let me see can i sell this property for 80 000. people

can look on my timeline i did a whole video about this i put that prop 70 000 matter of fact i put that property up for 70 000 i got a full offer the next day from agents somebody want to buy it for 70. i said damn i just paid 44. less than a year ago about a year so ago Solar property for 70. yeah so now i sell the property for 70 paid it bank back they 32 000 left on left over on the loan so now i keep that 30 some thousand so my

10 000 made me made me almost 40 000 but remember i got section 8 rent 500 a month for for about a year and a half so i made an additional eight thousand dollars i'm i made almost fifty thousand dollars from an eight eighty six hundred dollar Investment so when people say yo you ain't making no bread you ain't really making no money out of state what i tell them is now you know what it is you guys are looking at it from the wrong point of view you got to look at it from what

your pockets allow you to do yeah now imagine if i would have partnered that same person who had ten thousand dollars would have partnered with someone and bought two forty thousand dollar properties right imagine what they Tackle or they would have bought three forty thousand dollar properties you see what i mean so but you always wanna use leverage people say well you can't get loans for properties of that size i just showed you community banks in that neighborhood because if a neighborhood neighborhood is overwhelmed with houses that around 40 50 000 banks are used to

loaning that kind of money so you can get those loans see what i mean so that's how you start With that yeah and and and you you know you say you know i mean i you know i know you very well and so um i know that you do not buy homes that um are not already cash flowing that's right like like like like and i don't even call it home right because you like you said you call it asset so in order for you to invest out of state um you're suggesting that make sure

that you are buying cash flowing assets explain that explain that concept my Theory was schneiderman theory my business structure is this i do not buy any properties that are not cash flowing it's guaranteed rent we're walking into guaranteed rent right yeah because if you buy a property like i just gave you the break now i bought a property i had a tenant in place which i only buy properties that are section 8 va government subsidized or long-term tenants and the reason why This is so important long-term tenants because if you have a property where you

know you had a tenant there that's been there for a year two years three years what you do is you request what's called a rent roll a rent roll tells you when the tenant pays their rent and if the rent's on time if you get a rent roll and it tells you this tenant's never been late for two years consecutively on his rent that's like telling me this company i'm About to buy has never defaulted on payments why am i not buying that company why yeah i always give people just this example i could give

you a property here nice renovated brand new ready to go you can make 800 rent vacant now you got to rent it out or i can give you this other property same price making 800 a tenant's been living there money's gonna come in guaranteed you know this Tenant's rent history for the past two years but you have one you got to put a tenant in here you don't know his written history yet so he can move in there and you don't know what's gonna happen which one makes sense the one where you now have to

wait to find you a tenant but you're continuously paying the mortgage or you're risking this person moving in and now going you know what something Happened with my job they can't pay you rent or i'm giving you something here that's been paying you consecutively two years in a row yeah guaranteed written you're walking into yeah which one is more appealing the shiny object got a better a bag of money lack of money for sure yeah it's what we're here for and and so how how do you um you know how do you gain the confidence

though to know there's a lot Of scammers out there a lot of fraud out there uh you know how do you buy a property out the other out the country out out of state you buy a property out of state um that you don't see how do you know that the rent roll is doing what it's doing um how do you know what condition the property is in uh like like what is that process how how does somebody um could trust that i'm going to give my 8 600 because for a lot of people 8

600 is a Lot of money right and so so they're about to give that 8 600 and and how can they assure that you know what they're paying for is what they're actually gonna get it's the same thing as if you're buying a property in general inspection right you're gonna go through a process you're gonna make sure you have an inspector the inspector well let me back up a little bit first you have the agent they just shows you the property just like you're buying a any Other 20 30 a 500 000 home 700 000

home an inspector inspects the property the agent gives you pictures the agent reach out you do a purchase agreement you all the same steps you're gonna do but you just physically don't have to be there and this is why you don't have to be there because you can go look at a house me and you can go walk into a house and go oh my god this place is beautiful it looks this we walk around the basement we see Everything looks nice but guess what we don't know foundation yeah we don't know pipes we don't

know structures we don't know electrical we don't know roofing we don't know none of this so what are we there for we're not gonna live there we all caught up with it and this is another reason why attended occupied is so important why am i concerned about so much about the interior of the home when someone who's living there now Loves the way the home is they love it yeah they love it they've been there they're living in the house and they're paying rent all i need to know is inspector is there an issue with

plumbing is there an issue with this is there an issue with that once all those questions are answered by the inspector who inspects the property so i'm in new york property in florida he sends me the reports i look at the reports report Says a b c and d and here's another thing you do you get on the phone with the inspector you have a conversation with them because there are things he can tell you that over the phone that he can't tell you in a report he gets on the phone and goes yeah the

property is great blah blah blah but you know there's little minor things you might have to fix later on the furnace is doing this but the water heater has a slight leak but there's nothing major You can do this that like little things like that yeah he can't write the report right but he can tell you to look out for these things right and another thing i tell people i send property managers with my inspector on the day of the inspection the reason why is because the property manager is there to go inspect the tenants

the inspector inspects the home but who's going to inspect my tenants i'm inheriting so the property manager He goes there now he does a walkthrough and he talks to the tenant and the number one question i tell my property managers to access this and please put this in your game plan ask them if there's one thing in here you can fix what is that one thing that's gonna tell you so much about the property they're gonna go well you know what there's nothing really here i love the place or they're Gonna go when it rains

there's this one little spot where the water might come through or when i turn on all of these these faucets and then i do this you have this thing happen where this might back up or this in the basement see these are things the inspector might not see because it's not raining that day all the pipes are not running that day you know what i mean so this one little question is so important and now when They answer that question you can find out key things you'll go this is a good buy or i know

this will have to be released or sold within three to five years right and that's my structure also yeah i don't keep a property no more than three to five years people want to buy properties which is fine and keep them forever but why yeah like i said this is a cash Producing asset yeah i do not want to have this asset when things start going wrong yeah water heaters furnace roof anything start breaking i don't want to put money into this asset to give it more life just that be forced to hold it for

example if the water heater goes now i fix the water heater that's 15-year water heater so now i'm going well i might as well keep it for 15 years so now we get another issue where the the Roof starts acting up you know what i just did the water heater let me fix the roof yeah at now the furnace now i might as well fix this see now your all your cash flows getting sucked into this now here's the thing where people say oh i might as well get a home warranty or i might as

well this is why i only do fixes on houses when i buy them and i fix them up yeah but guess what that takes that Takes contractors right that take relationships right you have a job right you don't have time to get do contracting you don't have time to find a group of contractors to trust out of state to do this for you remember you're thinking like a ceo you're not thinking like a landlord you don't have that time what you want to do is manage your assets properly to make money buy them sell them

move on to the next one we hear so many things about yo i'm About property i'm a fix and flip fix and flip it's which i love it yeah i started that way yeah but if your time doesn't allow you what are you doing now you're putting the fate of your cash flow in the hands of a contractor somebody else somewhere where you don't see them or even if you can and you do it in your state you don't know about contracting you can walk through a construction site everything could be wrong yeah and You're

going yo he put the windows in the right way yo he put the tub in the right the tub is in yeah but all that could be wrong now what yeah now you fell in inspections now it's not done right and now the house is falling apart and they're gone this is why for me if somebody's living there i know it's a habitable environment and i'm making my money i love it i love it and so now um just to recap In order to invest out of state properly three people you need to have on

your team you need an agent right who's from that area who knows that area you need an inspector and make sure the inspector is you know able to look at the house and make sure everything is cool you need a property manager which which preferably a property manager any inspector go on the same day so that way you the property Manager could talk to the tenant the inspector is the one that's inspecting the house um with a property manager um you know do you do you just find any property manager you you know do you

find you know somebody who you know like you just go like how do you find the right property manager what i tell people is this this is another thing i touched on earlier biggerpockets.com yeah biggerpockets.com is where a lot of These services and people we talk to each other because as investors we have 10 20 30 properties we're there sharing who we use as property management so when i wanted to go into alabama the reason why i went there because a lot of investors were having discussions about alabama going yeah you know um amazon is

going to be coming out here soon this was before i hit the news so what we did we went out there buying forty thousand dollar Property sixty thousand i bought a eighty thousand dollar property uh uh i bought a four uh eighty thousand quad eighty thousand dollar four unit that property is worth almost three hundred thousand dollars now wow the rent went from 600 to 1400. this is the conversations we have so if these investors are telling you i use this company they they have 15 of my properties why your one little door can be

found Now right right right you're one little door you worry we're telling you we use them this is relationships and you go there and you ask these questions in the form you you actually search the question i tell people do not go asking all the same questions then they're gonna know you're a newbie everybody's gonna ignore you go in the form type the question and find in that thread the person that likes to talk the most Send him and question and he's gonna give you everything you need to know about why you should be in

this place why you shouldn't be in this place and another aspect to team building which you mentioned the real estate agent is crucial now when you get the inspector the inspector is also someone who surveys the land when you get them the inspector can tell you well a lot of out-of-state investors are coming here the rent is doing well here this is Going on in the neighborhood or he can tell you the neighborhood's going down same with the property management the property managers they have other investors who are selling properties so now they're going to

come to you and tell you we gotta invest over there who's upgrading so now you're getting off market deals all day and remember you doing this while i still have a job right i've done this i've had 20 20 units 20 properties While working the telephone and when i left i left with over 30. still working left left early the job thought i was gonna be there retiring at a certain age and i was like yo you know what yeah i'm leaving i'm out yeah recorded it went on went on the gram did a live

video yo y'all yeah i'm walking in because this is my last day yeah went in there with my ask hat and shirt yeah yeah cass was like yo what you yo you came back to work i was like Oh dressed like this you think that's what i came here to do right right this is your thing i came here to do right so yeah that's the whole thing the structure of the team man it's very important and doable yeah and i love that because um you know for those out there who are listening who you

know may be thinking about getting into real estate want to create cash flow because that's what it's about at the end of the day right uh being able To have that cash flow because once you get a certain level of cash flow you can now say okay now you know what if you want to leave your job right that is a a better way to leave it because now you have that cash flow coming in now you could do your side business now you can start your entrepreneurship venture um and so for those who who

you know might be thinking about this in a sketchy and like oh i don't i don't know now you know right you get that agent that Agent's gonna help you you get that inspector to make sure that the property you're buying is is at least could hold up you know three to five years right you get that property management because now when you get that property manager that property manager gets to tell you how the tenants are living if the if the tenants are are disgusting or if you know like like like what like what

what's the vibe um and then and then because uh you know this property is Already cash flowing you already get to see how long they've been paying and so so everything that you were probably worried about is already kind of set up instant cash flow on a day that you're signing your purchase agreement right there closing yeah you're going to have you're going to be pro-rated rent as soon as you sign yeah they go okay we owe you money now this is the second week of the month guess what here he go prorated rent now

You already start making money yeah so what do you do now you going to work saying i'ma buy me some more properties because you have time available to do like real estate us being getting into real estate which i love real estate is the gateway for you to do bigger and better things it really is we're coming in on the tail end of the success of real estate i've mentioned that i've bought a property three hundred thousand three hundred Fifty thousand like 20 years ago for 300 400 worth 1.5 1.6 you're never going to get

those numbers again yeah so i can have i always always expand on real estate uh why you should be in real estate is a 15 minute conversation how real estate could change your life is another 15-minute conversation but what you do when you get into real estate far is setting up that real estate correctly and now setting up your trust and Everything correctly that's a lifetime conversation yeah yeah and and let's talk about that because i think i think you know one of the the first things that uh you know my wife and i were

like looking into getting more properties and um you know our structure wasn't the right way right uh and so you know you know you you like yo get the house out your name get the house out your name um and so can you talk about uh the proper structure Um to be able to create because there there are tax advantages uh there are there's so write-offs there's so many uh things protection liability all these things that uh come with you know you know more money more problems like big set right and so you want to

be able to protect yourself so talk to us about like the proper way uh to structure your you know your properties in order to make sure that you maximize taxes maximize all the benefits that comes With it here's the big picture see every time we go in this room that's when i light up right cause real estate is like yeah i can talk about real estate all day yeah but am i helping you create wealth no i'm not yeah so when somebody says yeah buy your house might create generational wealth like bro no you're deceiving

people buying one house does not create generational wealth for you no it's a Gateway to start doing things the right way to to eventually go in a legacy wealth building right so now what you do is you buy your property how you going to set this thing up the right way we all know you do llcs you you get your llc you put your house in an llc but now you're getting rent people paying your rent in your name property management company paying you rent everything is coming in your name you're not taking advantage of

taxes the right way now What i do is i have a structure that i put together and i tell a lot of people about and they go oh i've been doing this for 30 years bro never knew about it yeah yeah i called it the three must-have llc's one llc is your acquisition when you first get a llc from uh doing commercial into your llc you buying that property you're acquiring a property that llc is not your acquisition the reason why you want to continuously have A llc instead of getting so many different llc's you

want that one llc to stop building up credit like history credit like your personal credit now that llc is building power my acquisition llc easily i get two million three million four million dollars worth of loans because i have over 30 40 other loans in there showing that i'm paying these loans on time my credit history is strong instead of me saying you know what i got another property let me get Another lc let me get that another llc and i that's why it's so good because because that's the that's the information that's out there

right i mean logically though not even not even not even the information that's out there that's why i blew my mind when i first heard it because logically you know i know llc limited liability company i want to you know limit my liability so if i buy one two three main street i'm gonna open an llc and 123 Main street if i once i bought four five six you know harlem lane then i'm gonna i'm gonna get a llc with four five six harlem thing i get six seven eight you know you know merlin and

then that's gonna be that that property as well and then now i got all these three properties you know and i'm protected because each of them have their own llc but now if i want to get a loan i only have that one property if i like i cannot leverage them each each you know Each differently because now they're all separate but you're saying you can open an acquisition llc so every time you acquire property you acquire them under the acquisition llc to build credit and then now you oh that's good yeah that's good it

makes it makes total sense here think about it your personal credit when you're buying things you're buying things your your personal credit keeps going up you know you're building up Your credit history so you're doing that same thing with this one acquisition that you're buying right but now it's like okay well if i have if i keep buying all of these uh properties in this one llc i'm not supposed to have all properties under one llc so now what do i do that's when you have a holding llc that's the second llc you're holding llc

will now hold the property and you're going to release it from the acquisition llc so now you have A holding llc holding these properties holding these properties but you're not going to hold them all individually what you're going to do is you're gonna have one two three main street one two three main street acquisition is boy now one two three main street now you use the address to have a separate llc and the owner of that llc is your holding llc so now the reason why you freeing it up from your acquisition because you don't

want your acquisition to be responsible For any liabilities on the property so if the property now let's say it gets sued something happens if it's on the acquisition still now you're tarnishing the reputation of the acquisition so now you freeing it up so the acquisition could always remain strong and clear so now the holding llc and now holding all of these llc's right still separately is just the owner is the holding llc that's that one but now you go okay now i got the tennis Paying me rent property managers pay me rent cool let me

put them in a bank account what bank account not in yours you need a property management llc property management llc what is that going to do that's going to collect your rent the key things is separating your personal business and your money your rents are coming in in the llc that should be not that should not be the same llc that the house is in because if Something happened the first thing they do frees the account okay the account is attached to their house your assets are frozen that's why you have a property management company's

llc your tenants will be paying your property management llc which is separate from your holdings llc which holds the house so think about it here's the house my rent it's not going here it's going to this one This is a separate entity collecting all this money for your taxes and that needs to be in your home state why because you're filing taxes for that one so people go well you have these three llc's which one needs an ein only the property management company so now when it's time to do your taxes which state should it

be in you could choose an anonymity state right but an anonymity state and amenity is it allows you an amenity is a Wyoming delaware uh new mexico and nevada these allow you to now conduct business without being known being anonymous right so now when you're hiding yourself you're doing this for the holding llc and why is this so important because people say you know my property is in an llc so it's protected anything's happened i'm good i ain't got to worry about it yeah yeah you are but now look At this say if i want

to sue i say okay i'm sewing ash he has his 123 main street llc i want to sue it oh man i can't but you know what i want to look up who owns the llc oh ash owns the llc i'm in a civil suit on ash that happens all the time i tell people google that yeah yes you can google who owns the llc and now you can still sue him civil suit wow so now how do you stop that from happening yeah which happens all the time And amenity state ash doesn't own it

his llc in an amenity state owns the llc so now if they look up 123 main street they don't see ash no more they see that llc in that state and that state doesn't allow you to know the owner so now you're protected fully protected it's the power of having this structure and now let's talk about the tax benefits property management company collecting taxes so what you're going to do now You're going to have a home office you have a home office in new york you write off you write off up to 30 of your

mortgage or rent thirty percent so now if your your mortgage is a thousand dollars a month that's twelve thousand dollars so now you're right now thirty percent of that so right now thirty six hundred dollars of your mortgage now you're writing off thirty percent of the light gas heating cell phone car knowledge Knowledge so these are all things you're not able to write off that you can't write off in your own name if you have the property management structure set up now think of all these things you're writing off so many benefits but if it's

in your name your property management company now when they have a repair or anything it's coming into your name right how are you going to write that off right but if your property management company gave You a bill in the name of your llc now you're writing that off as a business write-off all those trips you take everything you go to home depot you buy you renting all them power tools and all this stuff that's sitting in the basement touring so you can't write that off under ash but guess what your llc can right right

my tax structure i'm writing off easily no less than 10 and upwards to 17 000 A year taxes pay me i don't pay taxes and i'm doing it legally why are we afraid to adjust our taxes accordingly when we see the wealthy do it all the time and we complain and go why is he getting away with it you know why because you're not taking advantage of it people who provide housing and jobs get the best tax benefits love it love it and then so now um because you mentioned generational wealth right yeah um you

know um Actually before we even go there because i did have a clarifying question about the property management llc uh is it is it now right your holding company has um you know each property you have let's say i got 30 properties each property has a holding llc do i have one property management llc for all 30 properties or do i have 30 property management llc's for each each property good question good question you have one property management company collecting All the rents whether that be from your current tenants paying you rent and they will

no longer pay you in your name you will give them a new lease under the name of the property management company and the property management company whose paying you rent for your out-of-state properties they will be paying you rent in the name of your property management company this is where the tax implications are great and the reason why because if you have a Property in chicago and you live in atlanta and you have a bank account for that llc in chicago you're collecting rent in that property in chicago you now have to pay taxes in

italian illinois see but when you collecting the rent in the property management company in your home state the only thing you pay is a business privilege tax which is around two three hundred dollars you're not paying taxes in each one of these states i'm in seven states imagine me paying Taxes in all of these states i don't i pay a business privilege tax yeah 200 250 per state and now i'm writing off all of these things bro even when i fly and go to these places me flying here now is a business right off but

if i was to fly here out of my own dime okay now i got to eat that or find some way to write it off and now i got to make sure it makes sense but no if i Have properties here i'm coming here to do business we have to learn to do our business better bro and how do you expect to how do we expect to transfer wealth or we we could go into that whenever you're ready right transfer wealth the right way if you don't set your business up the right way yeah like

i said real estate is a 15-minute conversation yeah setting your real estate up the right way is another 15-minute conversation but how Are you doing this to transfer the wealth that's a lifetime conversation that we need to have to do it properly and let's talk about that right because um generational wealth i mean we hear all the time everybody's talk generational wealth great generational curses all that stuff but a lot of people don't like you said don't fully understand what it really means how to really do it um walk us through what does generational wealth

mean to You and and how have you created structures specifically with real estate but just in general uh to help create generational wealth i look at it like this like i said the introductory for me to people was real estate but i know i always had a bigger agenda always had hitting agenda my hidden agenda was to teach you how to set up real estate and the ultimate goal is for me to get you to understand the power of a living trust right so when i Started doing instagram and i started doing talking about real

estate and out of state investing never seeing my properties the cats were like yo this this guy here he got properties he'd never seen him now cool now i got your air right so now i'm talking about three must-have llc's my structure and they're like yo this dude who got the crazy structure and it works so now i got you more real then but then when i did this video called take your House out of your name and that was the first video that actually went like fire right and even you posted it like 40

000 views on my on my platform like one day bro that video went up my my reaction you know what they call my interaction or something like that engagement yeah twitter facebook cats are like wait hold up take your house out of your name why what is he talking about purpose of taking your house out your name is when i took my my primary Residence out of my name and put it in a living trust and the reason that i did that my trust attorney made it clear it's like look you want to be able

to take your house out of your name because you want to hand it down to your generations you want to take it out for protection because if someone falls or whatever the case may be you're hell liable you can't just you can't take your primary residence put in the llc you can't but you put it in a trust and Now what that trust does it's it's more powerful than it will we must learn to get away from the structure of a will the will ends up in probate court you end up paying money to the

probate court and someone can contest your will james brown had one of his ex-wives or something come forward and say they were still married his will was held up in probate court For about 14 years wow which means after he died no one got nothing for 14 years because someone contested the will right how crazy is that right but with a trust a trust is a document that doesn't get filed in court so once a trust is created now that trust must be held held accountable well it must be uh followed to the letter once

you pass away right so now i take my house up my name i put it in a living trust i set it up for my Family to get it breaking it up this and that and then i'm going wait a minute so now this house isn't in my name can i become the property manager of my trust i mean the property manager of my my local residence i have a home office it's this is my place of business contact my account and my accountant said yeah you can manage this property i said no you didn't

just tell me that so that's how your mind starts working Different when you think about business so now i became the property manager of my primary residence because i had the home office so now i'm making money off my property so i set up the home office i did all the things that i'm telling everybody you can do with this primary resonance getting all these right off so then i go all right wait a minute so now with this here's other game that i added with that video the other game i added was wait a

Minute now you mean you could hire your kids to work for your llc and now instead of giving your kids an allowance i could give them a salary i did a video about that don't give your kids an allowance give them a salary you can give them i think in new york's like 11 000 up to 11 000 paying them an llc and how's that beneficial for you because now if you do taxes for uh fifty thousand dollars you Minus that eleven you only need a tax for thirty nine thousand dollars so now your kids

get 11 000. so now what do you do with that you have them open up a ira now they open up an ira in their name you let them take about maybe a hundred dollars a week put into the ira until they turn let's say four years consecutively to 100 a week hundred dollars a week and they stop when your kids are ready to retire they get around 60 they have over A million dollars a million dollars that can't be taxed because they opened it up when it was a minor wow when they open it

up as a minor so here's it now let's get into the legacy wealth part that we talk about so once i understood the schematics of how important the living trust was i said okay how do i make this thing work for generations yeah for generations i had so many people talk about generational Wealth and i said yeah you're talking about it but you're not showing it yeah so what i did was snowy day in new york i said let me look at someone who actually created generational wealth i said who done this rockefeller we always

say about the rockefeller family rockefeller trust his trust from 1934. so i go look it up i'm reading this thing figuring out the whole thing and i'm going yo this is a genius what he did was what you do you take Your you take your asset yeah you place your asset in a in a fund for example let's say you have a uh a million dollar house right or let's say you have a a half a million dollar house because i want to give people to play here yeah the play that makes sense within our

and within our pockets you have a house 500 000 home got a mortgage on it people always say yo i want to make sure i pay my house off i say why Are you worrying about paying your house off putting that extra money into the house when you could take those payments to actually invest how about you get a life insurance policy for about a hundred dollars a month that's like a million dollars 200 a month a million dollars the half a million is gonna cover your home so now you got half 500 000 left

so now you pass away 500 000 pays off the house your family Is straight they own the house the other half a million goes into an investment count sp 500 this is how the structure's broken down sp 500 going in there for your grandkids you say oh okay how is this structure going to help your grandkids are not going to get they money till they turn 21. so you take half a million dollars sp making about eight percent interest 21 years 500 000 21 years equates to around 2.4 million dollars your grandkids are going to

get 2.4 million but you don't give your grandkids 2.4 million what you do you give them half give them 1.2 now you're leaving the other 1.2 for your great-grandkids great-grandkids 1.2 in the same sp 8 interest another 21 years 1.2 million 21 years for your great grandkids that's six million dollars about six million dollars your great-grandkids your Great-grandkids they're only gonna get half of that that's three million dollars now you're leaving three million dollars in that fund for your great great grandkids three million 21 years eight percent interest compound interest dude that's 15 i think

15 million dollars you're great great grandkids are gonna get that's a structure from rockefeller 1934 we can do the same thing when people tell me you know i Don't have that kind of bread yeah you know what you do the air you breathe is worth money it's a life insurance policy get you a 500 000 life insurance policy open up a trust take the life insurance policy place the life insurance policy in the name of the trust not in the individual you don't have a beneficiary because when it's in the trust the trust isn't a

living person so you don't need a beneficiary but if it's in your name you need a beneficiary now what if you Leave your your life insurance policy to someone and go i want to make sure my my grandkids get and they go man he dead i'm spinning that bread that's why it's important to do that structure and so and so but what what about um you know you create this trust right because this is a lot of game i hope y'all taking notes i hope y'all rewinding it i hope you listen i i hope y'all

take it y'all picking up what he's put down and so now somebody does that They create the trust once you know whoever created the trust passes away somebody who's now controlling the trust says you know what now i want to change this up can they do that no they can't do that the trust the the key important part about this is the trustee right the trustee has to dictate the rules you dictate what happens in the trust but the trustee follow the rules so so important to have the right trustee right now people will say

oh Well you know what if this much money goes into the trust like you just mentioned the trustee is responsible for that yeah but the trustee only has control of what's being said in the trust so once you put once you put a million dollars let's say a half a million dollars into your trust and you place this in there 100 must go to everybody in the trust let me break that down if your your spouse and your kids is in there they get 500 000 Of what you put in there that's all of it

but the stipulation says they only could get thirty percent of the five hundred thousand dollars it's your trustee job to only give them thirty percent they can't get everything and now the trustee dictates the rest of the rest of the plan where this goes into there yeah right but when putting the house in your name which i'm gonna jump to you're the trustee yeah yeah yeah but when you die You must have another trustee in place and as you pass away that trustee there's always another trustee behind that to follow the rules to the leather

the rules to the letter and what makes the trust even more powerful imagine if every child you have was to open up a trust for their children now each child is getting paid a trust twice the next generation three times this is how the trust works out and this Is something we can do this isn't new yeah real estate we're getting in on the tail end of this what are you doing with the cash flow like we have to move to that next phase of educating ourselves to do the next powerful thing yeah we're in

this game now thinking oh i'm doing a great you are doing a good thing in real estate yeah but are you really doing something that's going to really impact the next generations down if you're into legacy Wealth building that one property is not going to do it yeah it's these things like the crypto the nft learning about the conversations about the metaverse understanding money won't be money the way it is anymore yeah me and you talk about five minutes be like yo my man he came over he brought five million dollars you thinking five million

dollars in the back but if i say yo my man came over and showed me five million dollars a younger person is gonna go he Sold me five million dollars on his phone he's showing you digitally five million dollars that's why they're gonna be more powerful investors than us because they can transfer money and won't even think twice about it yeah i just sent them a million dollars to invest yeah you say i'm sentenced by a million dollars but yo i got to meet him bro right i don't know him like that yeah yeah yeah

yeah I'm saying it's the power of investment man right right right man i i love this conversation because it's really important to really break the paradigm of you know what you know what we you know we we look at as well what we think about is wealth and you know you know how we view well so i appreciate that and so you know make sure you know everybody who's watching this episode and we're going to talk because i know you got a program um And so we'll we'll talk you know give people the information how

to get the program later on but i want to switch gears a little bit you know ask somebody who uh you know made a lot of money have a lot of money um what would you say is the uh most extravagant thing you've done with money so far wow bro that's a good question yeah yeah i'm gonna say nothing Like i do i do the normal things when i say normal things like i have a new vehicle yeah i know a vehicle yeah you know but at least through my business yeah yeah you know so

cats feel like yo you got this this range yeah but it's through the business yeah they'd be like yeah you you know the house or whatever the case yeah i'm gonna make sure it's profitable through the business you know because i've Learned that do we think jeff bezos has his cause and his cause in his name do we think jeff bezos boat or jay's his cause is in his name he's a business write-off so when you change your thinking process about everything you're gonna become a more successful businessman because now it's not emotional i have

friends that buy all these extravagant vehicles and all this stuff and i go yo you did that through your business right now i wanted to Treat myself bro i deserved that bro i earned that how about like you did but earn it wisely though because it's depreciating you know don't give me gold and all that things it's going to appreciate it's good value but far as regular assets you have to break that chain of thought in that cycle anything that you're doing that's going to lose value buy it in a way where it's going to

make sense so i really don't do anything to Strive i might want to take a trip here and there but my objective like as you know is to educate people like my passion for educating and telling people about real estate it's a great it's a great introductory it's a gay gateway and so but learn how to do your business learn the three must-have structures learn about living trust because when you're gen when your kids see you doing this that's what they're gonna they're gonna tell their kids oh i grew up My parents had this and

i was i had a trust and my dad always did this and my dad invested in that because that's the conversations we need to have the reason why it's so impactful like i tell people there's a difference between yo i'm doing good there's a difference between we doing great and then there's a way difference when you hear about a family you going they're well off See the power of that yo how you how you yo we good yeah the house of no we great yo how's that yo they well off where are you at where

do you want to be when you hear the name of rockefellers and rough childs and all this like gucci fendi all these big it's like what you think you can't be there they well off why you can't be well-off yeah why do you just want to be good or why great that's fine but when you start i always Say this too bro when you start thinking about the generations of the kids you can't see you respond different man when i start thinking about them my response time was much quicker and much better because it wasn't

about me so when people go yo man i'm not really worried about that kind of thinking now because it's about my money i'm gonna get bread i'm gonna do this i'ma amma but if you get if you amass 5 10 20 million dollars And you're thinking about yourself you could have stopped that 5 million because you're not going to spend all that money so now who are you leaving it to how are you leaving this to the people coming after you generation uh wealth is lost in the first two generations i have a friend that

was an investor well uh a a um second hand third relationship of a friend he had real estate he died His kids so all his properties off for pennies of the dollar ripped my heart out he had properties worth three hundred six hundred thousand seven hundred thousand they were selling them for a hundred two hundred four hundred you know why because the assumption is that your kids want to be landlords now if he would have just said you know what i'ma have a trust that when i pass away i'ma sell all of my assets convert

that into Money give my kids 50 of that the other 50 goes into the trust the structure i broke down yeah it's different wow now what are the kids going to do you see what i mean so what are you doing this for um yeah yeah and then to that vein what has been uh the most impactful thing you would say you've done with money impactful thing i've done with money donate buy things take care of people yeah that You know see what i don't like to do is give money away i'd rather give you

education but i i give money to people that are in a situation where i know it they need it for the moment yeah and maybe we got a discussion later about things it's sort of like when malcolm x went to prison and a movie malcolm x spike lee joint we're mocking with the prison he couldn't have nothing to homeboy against some drugs like he Was feeding he said look i'm gonna give you this so you can hear me he gave him that little hit then he oh he calmed down that's like now i'ma tell you

islam he started educating him you know what i mean so that's what i want to do i like i try to give people a little something just to get them out of that that awkward spot so they can have a a serious conversation about what they need to do my belief is this you can't run around trying to save people You can't i repeat you cannot run around trying to save people some people's lives are meant to be examples of what you shouldn't do some lives are meant to crash burn self-destruct and be destroyed you

know why because that one sacrifice would change the ideology and the impression of 20 more people around them think about that we run around here trying to save one Person and that person will show you over and over again why they destiny has been called where they can't be saved now what do you call the person who keeps trying to save that person they see this is their problem now they're trying to save everyone not just that person they have a track record now what's happening to that person who's trying to be the savior they

will never live up to the full accomplishment of What their life should be because now they're trying to save people so now you have two people caught in a dilemma now you have people like us who realize and go you know what this was destiny yeah i need to go out here and become an example for the 20 people who watched him crash and burn to go i want to be like storm see what i mean that's the equation there max thanks nah I love it love it love it all right cool we're gonna do

a speed round real quick um and so uh what we do inside the vault we'll take uh three turns and then we'll you know we'll we'll flip them for here inside the vault so turn number one yeah uh deposit slip right deposit slip uh you take you know you got the piece of paper you take it to the bank you fill it out you put money inside the bank for us a deposit slip uh is a a mistake right a money mistake a slip up what Would you say has been your biggest deposit slip in

your journey so far um by not following what my mentor told me to do by getting involved in a real estate play that i knew my mentor said don't get involved with that because you're gonna lose money yeah but all i saw i was working forward and not working back yeah and it cost me money yeah so i tell people just like in the dictionary the word mentor comes before money get Yourself one oh that's a big one listen to your mentor big bar big bar all right term number two charge off right you borrow

money from the bank uh the bank uh tries to get the money back you're on repair they keep asking you keep asking for at some point they're like you know what we're gonna charge this off here inside the vault um a charge-off is what type of people or mindsets did you have to charge off while on your journey to Success friends you have to when i say friends it's not like you're getting rid of them forever out your life you just need to move out of that circle into a like-minded circle because i i gave

you an example beginning when i go went to look at this property back in the early 90s i took two of my friends with me two people with me and they didn't see the vision and i missed out on that because they didn't see it so You got to learn and say you know what if i want to be if i want to be a painter i have to get from around someone that's trying to be a contract construction if i want to be an electrician i have to get away from somebody that's trying to

be a writer like you got to get in that same circle of like-minded people that can see your vision so you have to just i had to write that off but they still and they still friends yeah but friends You can never expect your friends to become business partners or or to sign off on what you're doing yeah because you didn't meet them under the pretenses of your investment yeah yeah you met him as friends yeah yeah i mean so that's one thing for me no i love it last but not least atm atm you

put the card in you put your pin number in you say yo i need i need some Money give me some money here inside the vault atm another teachable moment you've been dropping gems after gyms after gyms and we need some more so give us one more one more thing you want to leave the audience with another teachable moment oh man teachable moment i normally have so many lines that i have in my head from teaching okay here's one when you watch movies and you see people here's a good example too we're in the Vault

in the bank when you watch your movies and you see guys going to go rob a bank you don't you see them go take the bundles of money off the shelf you'll see them running back to get the money that's falling off the floor look at your investments and out of state in real estate don't worry about the little money that you got to pay one percent here management fees 10 that's the money falling on the floor You went in there to rob that bank go get that bundle get out of there and go find

another bank anyone who went back to go get the money on the floor if you got caught captured or killed we don't worry about the money falling on the floor we came in here for the bundles on the shelf big bar storm leroy came here he did not come to play he is going to teach you how to make money from real estate how to build wealth for generations and Generations and generations uh if people want to find you like connect with you take your program where can they find you you can find me at

instagram i am storm leroy um you can go to my movement ask this this apparel this thing i'm wearing here the mission is bigger than the man ask stands for always seek knowledge this is something that's been um really a mission for me and i wanted to be able to educate the people so you can go to Askthemovement.com to find out more about me and a lot of things i placed there and uh books i've written about take your house out your name and other stuff like that so those two places all right my guy

hey yo i appreciate you brother as always yo listen another powerful episode of inside the vault with ash cash the greatest money mindset show on the planet make sure you follow us on all social media platforms at inside the vault follow me ash cash At i am ash cash on all social media platforms i'm gonna see you next time we're gonna keep bringing you eat after heat after heat i'll see you next time same time same place in god's will ain't y'all peace you won't ask you can catch you