Nov. 5, 2025

113: $50K Teacher Salary → 800+ Rental Units: How He Did It

113: $50K Teacher Salary → 800+ Rental Units: How He Did It
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Season 4

Ever wonder how someone with a full-time job builds serious wealth on the side? In this episode, we meet Ray Tran, a Brooklyn-based middle school teacher who has built a real estate portfolio of 583 units—all while still teaching financial literacy.

We dive into:

  • The mindset shift that led Ray from saving to investing
  • How he started with just one property and scaled up
  • The truth about passive income (and what most people get wrong)
  • How he teaches financial literacy to middle schoolers and adults
  • Strategies first-gen families can use to build wealth

Whether you're curious about real estate, feeling stuck in your 9-5, or looking for a financial glow-up, this episode will challenge your thinking and inspire your next move.

Follow Ray:
Website: rtinvest.com

Email: ray@rtinvests.com

LinkedIn: https://linkedin.com/in/rtinvests

 IG: @rt.invest

Facebook: https://facebook.com/rt.invests

TikTok: @rt.invest

Head over to our YouTube channel to catch this episode in full video form.

Apply to be a guest on the show.

You can also email us at: thesugardaddypodcast@gmail.com

Connect with us on Instagram
We’re most active over at @thesugardaddypodcast

Chat with Brandon
Want to work together? Learn more about Brandon

Book a free 30-min call to see if it's a fit.

Show us some love, hit subscribe, leave a five star rating, and drop a quick review!

Money, relationships, and the mindset to master both. Hosted by financial advisor Brandon and his wife Jessica, The Sugar Daddy Podcast breaks down how to build wealth, unpack old money beliefs, and have real conversations about love and finances. Our mission? To help couples and individuals grow rich in every sense of the word: emotionally, relationally and financially.

Chapters

00:00 - Meet Ray Tran, Teacher-Investor

02:12 - Money Memory And Early Lessons

06:02 - Leaving Corporate For Teaching

11:00 - Building Middle School Money Curriculum

16:25 - First-Gen Mindset: Saving vs Investing

20:45 - From Side Hustles To Assets

25:20 - First Rentals And Turnkey Pitfalls

29:10 - BRRRR In Philly With Real Numbers

33:20 - Teams, Property Management, And Systems

36:50 - When Real Estate Isn’t Passive

40:10 - SBLOCs, Funding, And Reserves

44:10 - Coaching Adults Beyond Real Estate

47:20 - Scaling Through Partnerships And Syndications

Transcript
WEBVTT

00:00:00.160 --> 00:00:19.280
In today's episode, we talk to Ray Train, a Brooklyn-based middle school financial literacy teacher, who, despite his low salary, has amassed a real estate portfolio of over 580 units across multiple states and now teaches others how to achieve financial independence through smart money habits.

00:00:19.519 --> 00:00:25.280
If you've been wondering how passive passive income really is, then this episode is for you.

00:00:25.600 --> 00:00:27.280
Sugar Teddy Podcast Go.

00:00:27.839 --> 00:00:30.079
Learn how to make the pockets grow.

00:00:30.320 --> 00:00:32.560
Finds the freedom spare week, bro.

00:00:32.799 --> 00:00:34.960
Smart investments, money flow.

00:00:36.479 --> 00:00:37.280
Hey, babe.

00:00:37.439 --> 00:00:38.960
What are we talking about today?

00:00:39.359 --> 00:00:52.240
Today we have a special guest, and we are going to be talking about investment properties, being first gen, um, how passive is actually owning real estate?

00:00:52.399 --> 00:00:57.200
Because you know, the internet constantly tells us, just buy real estate and you'll never have to work again.

00:00:57.359 --> 00:00:59.759
So we're definitely going to get into that.

00:00:59.920 --> 00:01:09.200
And then most importantly, um, this guest is also teaching financial literacy in middle school, which is really exciting.

00:01:09.359 --> 00:01:10.560
So we want to get into that.

00:01:10.879 --> 00:01:16.480
We're going to welcome Ray Tran to the Sugar Daddy podcast so that we can get into this conversation.

00:01:16.719 --> 00:01:18.480
Ray, thanks for being with us today.

00:01:18.879 --> 00:01:19.200
Of course.

00:01:19.359 --> 00:01:20.000
Thanks for having me.

00:01:20.159 --> 00:01:23.680
Really excited to share and answer whatever questions you may have.

00:01:24.000 --> 00:01:24.480
Awesome.

00:01:24.640 --> 00:01:28.000
Well, let's get into your bio, Ray, because you've got a lot going for you.

00:01:28.159 --> 00:01:32.000
We want to make sure our audience knows exactly who we're chatting with today.

00:01:32.319 --> 00:01:39.200
Ray Tran is a Brooklyn-based middle school financial literacy teacher, wealth and real estate coach and investor.

00:01:39.439 --> 00:01:46.400
After starting his career at Ernst Young, Ray pivoted from corporate life to education, driven by a passion to mentor others.

00:01:46.640 --> 00:01:54.159
A life-changing moment came when his father passed away, motivating Ray to build passive income and create time freedom for his family.

00:01:54.400 --> 00:02:06.640
He has since built a diverse real estate portfolio of 583 units across multiple states and now teaches others how to achieve financial independence through smart money habits and asset ownership.

00:02:06.879 --> 00:02:14.400
Ray's mission is to help people break free from the rat race and live a life of abundance by sharing both wealth and knowledge.

00:02:14.719 --> 00:02:16.159
Ray, amazing.

00:02:16.319 --> 00:02:17.680
Thank you for being with us.

00:02:18.000 --> 00:02:18.479
Thank you.

00:02:18.639 --> 00:02:19.280
Thank you.

00:02:19.599 --> 00:02:26.400
Okay, we got to get into your first money memory because we always feel like people's money stories starts somewhere.

00:02:26.560 --> 00:02:30.960
So we'd love to hear your first money memory before we really get into it.

00:02:31.439 --> 00:02:35.840
So to be fully transparent, I've listened to some episodes and I knew this question was coming.

00:02:36.080 --> 00:02:36.319
Yep.

00:02:36.560 --> 00:02:40.000
So I had a couple of different answers, but I'm just gonna say the first one came to my mind.

00:02:40.159 --> 00:02:40.400
Okay.

00:02:40.639 --> 00:02:42.319
So I'm very big on sports.

00:02:42.400 --> 00:02:45.919
And one of the things I did when I was a kid was I bought basketball cards.

00:02:46.159 --> 00:02:54.560
And I remember one time when I bought a bought a basketball card, uh pack, and I opened it up, and it was a Michael Jordan.

00:02:55.039 --> 00:02:58.479
I think it was a retractor, refractor card, whatever it was.

00:02:58.560 --> 00:03:00.960
It was highlighted, it was very, very pretty.

00:03:01.120 --> 00:03:05.360
So I decided to look it up and I saw it was worth, I think, I believe it was$500.

00:03:06.000 --> 00:03:09.520
Well, so I saw a sticker that says please do not remove.

00:03:09.599 --> 00:03:11.360
So obviously as a kid, I removed the sticker.

00:03:11.759 --> 00:03:13.360
Oh see your reaction.

00:03:13.759 --> 00:03:14.719
I see where this is going.

00:03:14.879 --> 00:03:16.000
I see where this is going.

00:03:16.240 --> 00:03:20.960
I I posted on eBay and I, you know, I said, tell my dad I got this car, it's worth some money.

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So we sold it.

00:03:22.000 --> 00:03:25.520
And because I ripped off the sticker, it sold for about half the value.

00:03:25.599 --> 00:03:27.439
And that value was about$200.

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And that$200 went to my account, which I obviously used very, very quickly.

00:03:33.039 --> 00:03:38.319
So I guess a couple of things from that story says don't remove, do not remove it.

00:03:38.560 --> 00:03:38.879
Yeah.

00:03:39.840 --> 00:03:40.560
That's a good lesson.

00:03:40.800 --> 00:03:47.919
And two, just seeing that there is what you have is worth what people are willing to pay.

00:03:48.240 --> 00:03:58.319
So for me, I bought a car, I bought a pack of cars for I mean, like five bucks, whatever it was back then, and just get something that would be what should have been, you know, 100x my return.

00:03:59.120 --> 00:04:05.840
Being about 50x was something that was pretty cool to me, that I can buy something and I sell it for more.

00:04:06.000 --> 00:04:07.680
So that was really cool.

00:04:08.080 --> 00:04:08.639
Very cool.

00:04:08.879 --> 00:04:10.080
How old were you?

00:04:11.120 --> 00:04:13.360
I would say it was definitely elementary.

00:04:13.520 --> 00:04:15.680
Um eight, nine years old.

00:04:16.000 --> 00:04:16.319
Okay.

00:04:17.040 --> 00:04:22.800
Yeah, so I I I felt that one because as as a kid, I used to collect baseball and basketball cards too.

00:04:22.959 --> 00:04:27.279
Never fortunate enough to open up a five-dollar pack and find a Jordan card, but you know.

00:04:27.920 --> 00:04:29.279
Valuable lessons there.

00:04:29.439 --> 00:04:29.839
Yeah.

00:04:30.000 --> 00:04:30.480
Wow.

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Kid stuff.

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Was were there any lessons about the$200 that you did get about, you know, maybe not spending it right away, saving it, um, any kind of discussion after that win?

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I mean, it's still a great ROI, right?

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A$5 pack turned into$200 for you at a young age.

00:04:49.920 --> 00:04:53.920
Um, but what was the conversation like between your dad at the time?

00:04:54.720 --> 00:05:04.319
I mean, my dad was, I want to say use the word spoiled, but I mostly got what I wanted as long as I had good grades.

00:05:04.480 --> 00:05:10.959
So as long as my grades were good, I behaved, I was relatively good to my younger sister, I got what I wanted.

00:05:11.040 --> 00:05:17.680
So even though it was my money, like, you know, my dad was still, you know, if I wanted to buy something, most of the time if I earned it, he would give it to me.

00:05:17.839 --> 00:05:20.319
So I guess there wasn't really a money lesson in that.

00:05:20.560 --> 00:05:24.639
That lesson came later on in my life when I realized what I could have done at an early age.

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Because they always say the best time to invest is, you know, way back then.

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I should have done it earlier.

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But now the best time to invest is just now, right?

00:05:32.720 --> 00:05:34.399
Now you can't go back in time.

00:05:34.720 --> 00:05:35.600
Yeah, absolutely.

00:05:35.759 --> 00:05:36.560
What a great story.

00:05:36.720 --> 00:05:38.319
Thank you for sharing that with us.

00:05:38.560 --> 00:05:43.040
Would love to pivot into um your teaching career.

00:05:43.199 --> 00:05:44.800
So you left Ernst Young.

00:05:45.120 --> 00:05:49.519
Um, maybe walk us through, you know, why you left, because obviously you hear that name.

00:05:49.600 --> 00:05:50.480
It's prestigious.

00:05:50.560 --> 00:05:53.360
It comes with a lot of like, ooh, that's so fancy.

00:05:53.600 --> 00:05:57.120
Why would you leave that to go teach middle school in Brooklyn?

00:05:57.360 --> 00:05:57.680
Right.

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Um, we'd love to hear that story to get us started.

00:06:00.720 --> 00:06:00.959
Yeah.

00:06:01.120 --> 00:06:01.759
Absolutely.

00:06:02.000 --> 00:06:06.879
So I always wanted a big finance corporate job.

00:06:07.040 --> 00:06:12.000
You know, growing up, my dad, first gener, I'm a first generation American, but I wasn't born here.

00:06:12.160 --> 00:06:14.480
But someone told him the stock market was a good idea.

00:06:14.639 --> 00:06:22.480
So he would tell me, hey, you know, hey, Raymond, I bought Dell, I bought Intel, Microsoft, you know, back in the day, these were the blue chip stocks.

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And he would say, Oh, this is going up.

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And I was like, okay, you know, that's out.

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You can make money through the stock market.

00:06:28.959 --> 00:06:31.839
So it's natural for me to major in finance in college.

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And when I got my job, I thought I was set.

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You know, I was working in Times Square, big four accounting firm.

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You know, I got to dress up, walk around a briefcase.

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This was gonna be my life, right?

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Big office.

00:06:43.600 --> 00:06:47.199
So when I got there, it wasn't what I thought it would be.

00:06:47.439 --> 00:06:51.920
Within a year, I realized that I wanted to call in sick a lot.

00:06:52.160 --> 00:06:54.399
And they gave me unlimited sick days.

00:06:54.480 --> 00:06:55.519
So what does that mean?

00:06:55.680 --> 00:06:57.920
I get to call out unlimited times.

00:06:58.240 --> 00:07:07.839
I was working weekends, I was working past midnight, I was traveling for work, doing some consulting, and it just came down to I couldn't see myself doing this for 40 years.

00:07:09.839 --> 00:07:14.560
So I decided to well, this was 2007 when I started.

00:07:14.800 --> 00:07:15.680
I didn't know what to do.

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I knew within the first year it wasn't for me, but I didn't know what to do, so I just stuck there.

00:07:19.600 --> 00:07:20.720
New Year's Eve 2010.

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I ran to a college friend.

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He was a teacher, he was happy.

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He made enough money to buy a place in Mahan.

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Most importantly, he was happy.

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So I thought, all right, it can't be that bad if he's able to afford a place in Mahan.

00:07:36.800 --> 00:07:41.279
So I said, I never considered becoming a teacher.

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And the main reason why I considered never becoming a teacher was because I saw how my teachers were.

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I saw how they dressed, I saw what cars they drove, and I said, I need to make real money.

00:07:51.839 --> 00:07:53.120
I can't become a teacher.

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But my most of my, you know, young life, I was working with students, like in high school.

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I volunteered, I tutored kids.

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I mean, I enjoyed working with you know our youth.

00:08:03.040 --> 00:08:06.000
So I said, hey, why not just do that?

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You know, sure, I'll take a pay cut.

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But I've always been a person that I was able to hustle when I was younger, whether it be flipping sneakers, basketball, trading cards, or selling things on eBay, I always found a way to make a quick buck.

00:08:19.839 --> 00:08:22.160
So I said, I'll make it up by hustling more on the side.

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But I wanted to do something where I'd have a platform to really make a difference.

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In my corporate job, I felt that I was just another number, you know, just putting in my time sheets, just getting a paycheck.

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And all right, what do I do with that money?

00:08:36.240 --> 00:08:41.600
But being a teacher, I still remember my fourth grade teacher, Mr.

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Blutall, and he was a person that got me over the hump in terms of my my ELA reading skills.

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And I'll never forget that name.

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Right.

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And it's just one of those things where there's certain people in your life growing up in education that you'll never forget.

00:08:58.320 --> 00:09:02.480
So I wanted to be that person for my future students.

00:09:03.519 --> 00:09:04.960
That's a wonderful story.

00:09:05.360 --> 00:09:12.240
I wonder, I so I'm a former teacher and I always am like, well, nobody goes into teaching for the money, right?

00:09:12.320 --> 00:09:17.600
So how do you go into how did your buddy go into teaching and afford a place in Manhattan?

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I feel like, is there a piece missing there?

00:09:21.440 --> 00:09:23.440
I didn't ask the full story.

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He probably got he probably got some help with the down payment.

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That's my guess.

00:09:29.039 --> 00:09:29.519
Yeah.

00:09:29.919 --> 00:09:32.240
Probably wasn't a lavish place.

00:09:32.320 --> 00:09:33.120
Maybe it was a studio.

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I didn't really ask.

00:09:34.240 --> 00:09:34.399
Okay.

00:09:34.639 --> 00:09:36.480
I was like You didn't dig into the details.

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I didn't really dig.

00:09:38.000 --> 00:09:39.840
I kind of was looking for a way out.

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Yeah.

00:09:40.480 --> 00:09:41.759
So I was like, okay.

00:09:41.919 --> 00:09:43.600
The biggest piece was he was happy.

00:09:43.759 --> 00:09:43.919
Right.

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I just I just wanted to be happy.

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Like I'm 20, 23, 24 years old.

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Like, I want to be happy.

00:09:50.639 --> 00:09:51.279
Yeah.

00:09:51.600 --> 00:09:52.000
All right.

00:09:52.159 --> 00:09:53.679
So then take us through.

00:09:53.759 --> 00:09:54.799
You had that conversation.

00:09:54.960 --> 00:09:56.240
You're like, I'm ready to be happy.

00:09:56.559 --> 00:09:56.960
You said this.

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Sorry, before you go in.

00:09:58.320 --> 00:10:00.720
You said this around 2007, 2008.

00:10:02.080 --> 00:10:07.679
Because also that's, you know, for those people that are out there that are old enough to remember the uh the crash.

00:10:07.919 --> 00:10:09.279
Yeah, the big crash that happened.

00:10:09.360 --> 00:10:14.080
And I ironically, I was living in New York at that time, having the hardest time trying to find a job.

00:10:14.559 --> 00:10:15.120
Yeah, absolutely.

00:10:15.440 --> 00:10:17.440
Didn't look at didn't look at teaching though.

00:10:18.159 --> 00:10:21.360
I, you know, I didn't I didn't really I didn't get a raise in 2008.

00:10:21.519 --> 00:10:23.600
You know, I I got promoted, but I didn't get a raise.

00:10:23.679 --> 00:10:25.200
I got a bonus for the promotion.

00:10:25.360 --> 00:10:28.240
So I mean, I left my job making 60,000.

00:10:28.399 --> 00:10:32.080
You know, it wasn't like I was making multiple six figures, right?

00:10:32.320 --> 00:10:36.960
And then teaching at the time, we would start somewhere in the 40s or 50s with your master's.

00:10:37.120 --> 00:10:38.320
So I took a cut.

00:10:38.399 --> 00:10:42.639
Obviously, I didn't work really for two years to get my master's in education.

00:10:42.879 --> 00:10:49.679
But to me, I was like, this is a small price to pay for something that makes me truly happy, or I think will make me truly happy.

00:10:50.320 --> 00:10:58.639
So then you applied to be a teacher and got into teaching, and now you teach finance at the middle school level.

00:10:58.720 --> 00:10:59.440
Is that right?

00:10:59.759 --> 00:11:00.320
Correct.

00:11:00.559 --> 00:11:01.440
So we go back.

00:11:01.519 --> 00:11:03.840
So I got hired full-time in 2012.

00:11:04.080 --> 00:11:04.240
Okay.

00:11:04.480 --> 00:11:07.519
So between 2010 and 2012, I was subbing, going to school.

00:11:07.840 --> 00:11:10.639
When I got hired, I was teaching regular core math.

00:11:10.799 --> 00:11:14.799
So sixth and seventh grade, teaching them things for the state math tests.

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A couple of years later, I realized that uh in New York City, there's something called specialized high schools, like some of the top high schools in the country.

00:11:22.879 --> 00:11:27.039
And I realized that my students weren't getting in there, even our top students.

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And basically, you take a test, if you score high enough, you get into the school.

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It doesn't matter your grades, it doesn't matter your behavior, you just gotta score well on the test.

00:11:36.480 --> 00:11:39.279
So I realized that our best students were not getting in.

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So I told my principal I wanted to start a math talent.

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So in our school, kids choose a talent, whether it be dance, vocal, art, technology, or science.

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And I said, I want to start an advanced math class so I can teach these kids and be two years ahead of schedule.

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Because our eighth graders are taking a test where you need to know ninth and tenth grade level math.

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So how can we expect them to have the tools to get there if we're not preparing them?

00:12:05.679 --> 00:12:12.720
So I want to teach seventh and eighth grade level math in sixth grade, teach them eighth and ninth and seventh grade, and so on to give them the best opportunity.

00:12:12.879 --> 00:12:14.799
So that's how math talent started.

00:12:14.960 --> 00:12:22.240
And then a couple of years later, she came to me, hey, there's this program called Virtual Enterprise, and they teach kids how to start their own business.

00:12:22.480 --> 00:12:25.120
I want you to teach it because you have a corporate background.

00:12:25.360 --> 00:12:29.200
And naturally I said, No, not, I don't really want to do that.

00:12:29.279 --> 00:12:30.480
I'm very comfortable with what I'm doing.

00:12:30.559 --> 00:12:33.120
You know, I don't I don't want to change anything because it's more work.

00:12:33.360 --> 00:12:33.840
Yeah, of course.

00:12:34.080 --> 00:12:42.879
But it turns out to be one of the like the best decision in my career because I got to I got a curriculum for seventh and eighth grade.

00:12:42.960 --> 00:12:45.279
And my sixth year curriculum, I created myself.

00:12:45.440 --> 00:12:50.799
But if I'm teaching kids how to build a business, there needs to be skills like financial literacy.

00:12:50.879 --> 00:12:55.600
They need to learn, you know, how to save money, how to borrow money, things like that.

00:12:55.759 --> 00:13:02.159
So I basically just turned my curriculum into a three-year program where the kids learn the stock market game.

00:13:02.320 --> 00:13:13.519
They learn about how to invest in stocks, they learn about um budgeting, saving, they learn how to do resumes, do graphic design to build a business.

00:13:13.600 --> 00:13:26.879
And in those three years, the hope is that by the end, they'll be able to understand financial literacy, they'll be able to understand why you should invest, how to invest, and also learn the skills to build a business.

00:13:27.039 --> 00:13:38.799
And most importantly, to take that home, bring it back to the parents, because the majority of the students in my school are first generation Americans or immigrants themselves that weren't born here.

00:13:39.200 --> 00:13:47.039
I feel like the majority of people in general, but most people that come to the country, they save their money and that's all they do.

00:13:47.200 --> 00:13:47.440
Yeah.

00:13:47.679 --> 00:13:51.919
So I tell them if you're saving your money, you're probably losing money.

00:13:52.159 --> 00:13:55.679
Even if you put it, if you're putting a piggy bank, you're losing money because of inflation.

00:13:55.840 --> 00:14:00.240
So to teach him that to really build wealth, you want to be able to learn to invest.

00:14:01.519 --> 00:14:02.159
My gosh.

00:14:02.399 --> 00:14:04.240
You just said so many amazing things.

00:14:04.399 --> 00:14:17.840
I just want to pause and appreciate the fact that you're doing this at the middle school level, because I mean, it's widely known that financial literacy is not taught, especially not in public school systems, even in the private school system.

00:14:18.000 --> 00:14:24.000
And then maybe in college you can take a finance class or an economics class, but it's not personal finance.

00:14:24.080 --> 00:14:31.440
It's not budgeting, saving, credit scores, investing, how to read, you know, information about the stock market.

00:14:31.600 --> 00:14:33.360
So that is amazing.

00:14:33.519 --> 00:14:44.559
And then the fact that you're taking it the step further and, you know, making sure that the parents are getting involved too, because we've had a lot of first gen uh guests on the podcast.

00:14:44.799 --> 00:14:52.799
And it what you said is the total sentiment, you know, like, hey, it was save our money, don't spend it, don't spend money you don't have.

00:14:52.960 --> 00:14:55.039
And that's kind of where the buck stops.

00:14:55.200 --> 00:14:57.279
Um, pun intended, you know?

00:14:57.679 --> 00:15:16.320
I can't say the one positive that you see a variance in between, like, you know, first generation um immigrants as compared to, you know, several generations of uh um families who've been here in the US, is that immigrant families save more than, you know, the traditional several generation American family.

00:15:16.559 --> 00:15:20.720
And, you know, that's the biggest hurdle that most people have is that they don't have the ability to save.

00:15:20.799 --> 00:15:23.120
They haven't gotten that um habit in place.

00:15:23.279 --> 00:15:32.000
So once you have that habit in place, it is such an easier transition to say, hey, now that you already have that money saved, this is now what you need to do in order to grow it properly.

00:15:32.480 --> 00:15:34.159
Yeah, I mean, I completely agree with that.

00:15:34.320 --> 00:15:41.039
The one caveat is that because they're always saving, I think it's because of a scarcity mindset.

00:15:41.200 --> 00:15:41.519
Yes.

00:15:41.679 --> 00:15:45.840
Because there isn't enough, because they came here with nothing and whatever they have, they have to keep.

00:15:46.080 --> 00:15:55.360
So it's a real struggle to convince people to move from a scarcity to an abundance mindset, especially people that come from basically nothing.

00:15:55.919 --> 00:15:59.919
So that's the real struggle to shift, especially with families.

00:16:01.200 --> 00:16:10.639
I wonder, do you feel like you being first generation helps you tell that story and helps you maybe break down some of those barriers?

00:16:10.799 --> 00:16:28.960
Because I mean, I think if we had that same conversation with somebody who maybe doesn't look like them, or you can tell, like, hey, you've had privilege your whole life, you know, it's harder to then relate and hear somebody say, here's what we need to do, here's why, this is how we do it.

00:16:29.360 --> 00:16:32.960
You know, you can kind of put yourself in their shoes.

00:16:33.840 --> 00:16:37.360
Do you feel like that helps you in teaching this material?

00:16:38.080 --> 00:16:38.960
Absolutely.

00:16:39.440 --> 00:16:43.120
I mean, it's all about being able to relate to you, right?

00:16:43.200 --> 00:16:50.879
That's why it's so important the art of storytelling to share the transparency of where you came from, what you went through, and what you have.

00:16:51.120 --> 00:16:57.519
I mean, I'm coming from probably no one of the lowest paying jobs as an educator, right?

00:16:57.679 --> 00:17:02.879
We don't, you know, we don't make anywhere near enough, you know, based on what we do.

00:17:03.200 --> 00:17:12.559
But, you know, if I'm saying if I can become financially free, if I could build wealth, if I could build assets as a teacher, you know, you're making a lot more than me.

00:17:12.799 --> 00:17:14.799
Technically, you should be able to do it.

00:17:14.960 --> 00:17:17.839
And for a while, I was like, oh, well, Ray, you don't, you don't have kids.

00:17:18.240 --> 00:17:19.680
Okay, now I have a kid.

00:17:19.920 --> 00:17:24.960
I have one kid, I'm a parent, my wife is not working because we have that option.

00:17:25.279 --> 00:17:28.960
So I I thought that that would be a lot easier to relate.

00:17:29.119 --> 00:17:36.799
But I what it comes down to is regardless, there's always, you know, reasons for people not to change what they do.

00:17:37.039 --> 00:17:48.000
And for a long time, I took it very, I took it to heart if I couldn't personally shift someone in their mindset or shift someone, make them believe that something is possible.

00:17:48.240 --> 00:17:54.640
And, you know, even as a teacher, honestly, I focus on the people that actually put in the effort.

00:17:54.799 --> 00:18:04.960
You know, there are always kids that don't do the work and honestly don't really pay them much mind because if they're not putting energy in, like, why would I reciprocate?

00:18:05.119 --> 00:18:09.440
My administration may not love me saying that, but we won't send them a clip.

00:18:09.599 --> 00:18:10.160
It's fine.

00:18:10.799 --> 00:18:11.680
I'm being very honest.

00:18:11.839 --> 00:18:17.119
You know, if some kid is, you know, I have so many former students that come back and say, hey, Mr.

00:18:17.279 --> 00:18:19.920
Tran, you know, I'm ready to learn.

00:18:20.000 --> 00:18:20.400
Teach me.

00:18:20.559 --> 00:18:23.680
So what I do is I give him a book, usually rich, that, poor, dad.

00:18:23.839 --> 00:18:26.720
I say, finish this book in a week, and then we'll talk.

00:18:27.039 --> 00:18:29.839
And if you finish a book in a in a week, we'll have a conversation.

00:18:30.000 --> 00:18:33.839
I'll be able to tell during that conversation whether you actually read it.

00:18:34.079 --> 00:18:37.039
And then I'll take them under my wing and I'll mentor them.

00:18:37.200 --> 00:18:39.920
But if they don't Yeah, you have to put in the work.

00:18:40.720 --> 00:18:40.880
Yeah.

00:18:41.039 --> 00:18:42.000
Yeah, you have to put in the work.

00:18:42.240 --> 00:18:44.559
And the thing is, you only have you have limited time.

00:18:44.720 --> 00:18:46.880
You know, you have limited time in a given day.

00:18:47.039 --> 00:18:52.000
So you want to allocate that time towards people that are really interested and are gonna do the work behind there.

00:18:52.079 --> 00:18:54.799
And unfortunately, you know, it's not gonna be everybody.

00:18:55.039 --> 00:18:55.440
Yeah.

00:18:55.759 --> 00:19:03.519
Now is this um is this a voluntary class or course or three-year program, or does everybody go through it?

00:19:03.920 --> 00:19:05.440
Everyone chooses a talent.

00:19:05.759 --> 00:19:06.319
The talent.

00:19:06.480 --> 00:19:06.720
Okay.

00:19:06.880 --> 00:19:07.039
Yeah.

00:19:07.119 --> 00:19:10.079
And so the talent that I teach is under math talent.

00:19:10.240 --> 00:19:10.400
Okay.

00:19:10.720 --> 00:19:11.279
Technically.

00:19:12.000 --> 00:19:14.559
I mean, I would have stayed as far away from that as possible.

00:19:14.880 --> 00:19:15.519
100%, yeah.

00:19:15.839 --> 00:19:17.279
As a middle schooler.

00:19:17.599 --> 00:19:23.759
Like, I mean, looking back, like that would have been incredible, but that that's never something that I would have chosen.

00:19:24.000 --> 00:19:29.039
Do you have to do, like, I don't know, are you doing some fun, cool advertising?

00:19:29.200 --> 00:19:29.680
Like, what?

00:19:29.759 --> 00:19:31.119
I mean, how do you get them into?

00:19:31.680 --> 00:19:38.400
I mean, let's besides the Asian kids whose parents are gonna be like, yes, go the go through the math talent track.

00:19:38.640 --> 00:19:41.200
How are you getting people into this track?

00:19:42.319 --> 00:19:48.079
In sixth grade at the beginning of the school year, all the talent teachers go to auditorium and we pitch.

00:19:48.319 --> 00:19:49.119
Ooh, fun.

00:19:49.519 --> 00:19:50.160
We pitch.

00:19:50.319 --> 00:19:50.480
Yeah.

00:19:50.720 --> 00:19:53.759
So I say, if you like money, raise your hand.

00:19:54.079 --> 00:19:54.480
Yeah.

00:19:54.799 --> 00:19:56.799
If you want to learn how to make money, raise your hand.

00:19:56.960 --> 00:19:58.559
And all the teachers raise their hand too.

00:19:58.720 --> 00:20:03.359
So, well, if you want to learn how to make money, you want to learn how to invest your money, follow my class.

00:20:03.599 --> 00:20:08.720
But the thing is, there's a good amount of students that join me because it's math talent, because they love math.

00:20:08.799 --> 00:20:10.160
Because a lot of kids that love math.

00:20:10.240 --> 00:20:10.480
Yeah.

00:20:10.720 --> 00:20:17.599
And, you know, we don't obviously there's math in everything that we do, but I'm not doing straight math skills.

00:20:17.839 --> 00:20:20.160
So I think there are certain students that get disappointed.

00:20:20.480 --> 00:20:28.240
And to be very honest, in sixth grade, I'm really, really strict because I know I'm gonna have them for three years.

00:20:28.400 --> 00:20:28.720
Yeah.

00:20:29.039 --> 00:20:33.200
If they're, they want me to hold their hand, I'm not going to do that.

00:20:33.359 --> 00:20:38.319
I tell them straight up, I'm gonna, I'm gonna tell you one time, I'm gonna give you instructions.

00:20:38.480 --> 00:20:42.799
And if you ask me again, I'm gonna say to Google it, to read it, or YouTube it.

00:20:42.880 --> 00:20:44.079
That's or ask your friends.

00:20:44.240 --> 00:20:44.480
Yeah.

00:20:44.640 --> 00:20:45.599
It's literally what I say.

00:20:45.759 --> 00:20:48.640
Because by eighth grade, they're running their own company.

00:20:48.880 --> 00:20:58.240
They're they're doing, you know, they're doing uh payroll, they're you know, creating websites, they're doing business pitch competitions, they're doing trade shows, like they're doing amazing things.

00:20:58.400 --> 00:21:02.240
So if I'm holding their hand throughout three years, they're never gonna get to that point.

00:21:02.319 --> 00:21:04.720
So yeah, I love that approach.

00:21:04.880 --> 00:21:07.920
You I taught sixth grade and they are like little babies.

00:21:08.240 --> 00:21:08.960
Babies, babies.

00:21:09.279 --> 00:21:09.839
Oh my God.

00:21:10.400 --> 00:21:14.160
They come over from you know elementary school and they are babies.

00:21:14.319 --> 00:21:18.000
So you saying that, I'm just like, oh, be sweet to the babies.

00:21:18.079 --> 00:21:29.039
But I totally get it because you have to, you gotta kind of whip them into shape, you know, so that they can really learn and grasp the concepts and the accountability that it takes to, you know, potentially run a business.

00:21:29.359 --> 00:21:29.839
So I love that.

00:21:30.160 --> 00:21:32.400
My mom's a retired uh college math professor.

00:21:32.480 --> 00:21:34.000
So math was the Norman R.

00:21:34.240 --> 00:21:34.880
That's all.

00:21:35.519 --> 00:21:35.759
Yeah.

00:21:36.079 --> 00:21:39.359
Would you have joined math talent or would you want to stay away from he would have stayed away?

00:21:39.599 --> 00:21:40.160
No, I wouldn't have.

00:21:40.319 --> 00:21:44.640
I probably would have if you would have okay, after the pitch of you saying who wants money.

00:21:44.960 --> 00:21:47.759
You gotta remember basically what he's describing is what I was.

00:21:47.839 --> 00:21:49.119
I was two years ahead in math.

00:21:49.519 --> 00:21:52.000
Yeah, but not because you chose a talent track.

00:21:52.319 --> 00:21:53.279
Because I was good at it.

00:21:53.519 --> 00:21:55.200
Well same with me.

00:21:55.359 --> 00:21:57.519
I was in math talent when I was in middle school in a different school.

00:21:57.680 --> 00:21:58.880
I mean, math is always natural for me.

00:21:58.960 --> 00:22:00.799
I'd still calculus, then it got a little wonky.

00:22:00.960 --> 00:22:01.279
Oh my god.

00:22:01.680 --> 00:22:03.920
The thing I liked about math is that it's a definitive answer.

00:22:04.079 --> 00:22:07.119
When it comes to writing a paper, that's up to interpretation from the teacher.

00:22:07.440 --> 00:22:07.680
Yeah.

00:22:07.920 --> 00:22:09.200
Brandon is great at math.

00:22:09.359 --> 00:22:11.200
He's not great at writing.

00:22:11.440 --> 00:22:12.079
Yeah.

00:22:12.400 --> 00:22:24.640
Um, I would love to pivot into, you know, what you already stated, which we unfortunately know is the standard in the US, which is teachers are vastly underpaid for the work that you do.

00:22:24.960 --> 00:22:41.759
Um how do you go from, you know, 40 grand a year, 50 grand a year as a teacher in New York, which is an expensive place to live, first off, to, oh, I own 580 plus units in real estate.

00:22:42.000 --> 00:22:48.960
I mean, that's the epitome of like you don't have to make a lot to own assets.

00:22:49.039 --> 00:22:55.920
So I would love to go into that conversation because I think that's a common misconception that people use as an excuse.

00:22:56.079 --> 00:22:58.160
Oh, I don't make a lot, so I can't do this.

00:22:58.240 --> 00:23:00.960
Um, so we'd love to hear your journey there.

00:23:02.000 --> 00:23:05.359
So I realized that I need to make up my salary.

00:23:05.519 --> 00:23:06.480
So I did.

00:23:06.880 --> 00:23:10.000
As teachers, we get out at 210 p.m.

00:23:10.240 --> 00:23:16.240
four days a week, and at 350 on Mondays, we get, we work 180 days in a year, we have summers off.

00:23:16.480 --> 00:23:19.039
So I worked seven days a week to start.

00:23:19.279 --> 00:23:28.160
I coached basketball, I did private tutoring, I drove house to house to tutor people and state exams, SATs, ACTs, all that.

00:23:28.240 --> 00:23:33.440
Like I I was grinding seven days a week, driving from house to house before COVID.

00:23:33.759 --> 00:23:36.640
So what I realized was that was active income.

00:23:36.880 --> 00:23:39.519
Where if I don't work, I'm not going to get paid.

00:23:39.680 --> 00:23:42.880
So I needed to learn how to put money into passive income streams.

00:23:43.759 --> 00:23:49.759
When when my dad passed away, I realized that he never got to the retirement age.

00:23:50.000 --> 00:23:54.160
And no matter how much he worked, he still had to keep on working.

00:23:54.400 --> 00:23:57.839
So I decided that I have to have a different path.

00:23:58.000 --> 00:24:05.279
So I went down a rabbit hole, books, podcasts, spoke to everyone I knew that was wealthy, that made money.

00:24:05.519 --> 00:24:09.279
And two asset classes that stood out was the stock market and real estate.

00:24:09.519 --> 00:24:12.079
So I was like, I'm gonna go go invest in that.

00:24:12.160 --> 00:24:17.119
So I started off with the stock market, and I put my money in stocks.

00:24:17.279 --> 00:24:24.319
I maxed out my Roth IRA, I maxed out my 403B, my pre-tax accounts, put money in my taxable brokerage account.

00:24:24.559 --> 00:24:29.519
And then I purchased my first property in 2014.

00:24:29.920 --> 00:24:32.319
I purchased a two-bedroom apartment.

00:24:32.799 --> 00:24:38.559
My mom, well, my dad passed away, so my my mom, my parents helped me with some of the down payment.

00:24:38.799 --> 00:24:42.720
And, you know, when I was living there, I was just working a lot.

00:24:43.279 --> 00:24:45.200
And then I later got married.

00:24:45.359 --> 00:24:47.440
I bought, we bought a condo in 2021.

00:24:47.519 --> 00:24:49.119
I rented out my first property.

00:24:49.200 --> 00:24:51.039
That's my first time being a landlord.

00:24:51.200 --> 00:24:56.319
And I kind of, for lack of better words, cheated because I just had one of my best friends living there.

00:24:56.480 --> 00:24:58.160
And I didn't have to really worry about anything.

00:24:58.319 --> 00:25:02.079
I said, hey, listen, I'm giving you an under-market price for rent.

00:25:02.240 --> 00:25:03.759
This will literally make me break even.

00:25:03.839 --> 00:25:05.680
I'm not making a dollar off of you.

00:25:05.839 --> 00:25:06.960
Just keep the place good.

00:25:07.039 --> 00:25:08.799
And don't call me with any issues.

00:25:08.880 --> 00:25:10.160
Just deal with it yourself.

00:25:10.319 --> 00:25:11.680
So that's what happened.

00:25:11.920 --> 00:25:15.759
And then in 2022, I purchased my first out-of-state property.

00:25:16.079 --> 00:25:20.799
Bought a three-bed, one-bath house in Ohio for$106,000.

00:25:21.039 --> 00:25:22.640
And that opened my eyes.

00:25:22.960 --> 00:25:27.839
The fact that you could buy a house for$100,000, I was like, whoa.

00:25:28.400 --> 00:25:30.640
So for that, I'd use a turnkey company.

00:25:30.799 --> 00:25:38.319
A turnkey company is a company that buys it, renovates it, puts a tenant in place, gets a property manager to manage it, and you take it over.

00:25:38.480 --> 00:25:39.680
So it felt very easy.

00:25:39.839 --> 00:25:40.880
So that's what I did.

00:25:41.200 --> 00:25:44.880
And I like to say, if I knew what I know now, I would never have bought it.

00:25:45.039 --> 00:25:47.200
But if I never bought it, I wouldn't be where I am today.

00:25:47.519 --> 00:25:55.200
And the reason I say that is because they had a spreadsheet that put in a lot of things that says that I'm going to make a couple hundred dollars a month.

00:25:55.359 --> 00:26:00.799
But there are three things they didn't take in consideration: vacancy, capital expenditures, and maintenance.

00:26:01.119 --> 00:26:08.079
When they move out, there's a time period where one, I have to fix up the place, and two, they have to get a tenant in place.

00:26:08.319 --> 00:26:12.240
Every month that someone is not in there paying me rent, I have to pay for it.

00:26:12.319 --> 00:26:13.279
So that's vacancy.

00:26:13.359 --> 00:26:14.400
You have to account for that.

00:26:14.640 --> 00:26:20.880
Maintenance and CapEx, the roof, the boiler, the appliances, all that stuff, it comes out of my pocket.

00:26:21.119 --> 00:26:26.559
So now I know it's a bacon about 15 and 20% into my expenses for those categories.

00:26:26.720 --> 00:26:31.279
And if I put that in there, I would have realized that it was not going to be a property that would make me money.

00:26:31.359 --> 00:26:32.960
It would be cash flow negative.

00:26:33.119 --> 00:26:37.119
But I don't regret it because if I never did it, I wouldn't be where I am today.

00:26:37.200 --> 00:26:39.200
I wouldn't have taken that first step.

00:26:40.000 --> 00:26:44.720
So living in New York, what made you decide to purchase a property in Ohio?

00:26:44.960 --> 00:26:46.559
Had you ever been to Ohio?

00:26:46.799 --> 00:26:47.119
Never.

00:26:47.279 --> 00:26:48.000
Still have not.

00:26:49.200 --> 00:26:49.839
Still have not.

00:26:50.079 --> 00:26:50.640
I I knew.

00:26:50.720 --> 00:26:53.920
I just knew you were gonna say that, which is why I wanted to ask that question.

00:26:54.079 --> 00:26:54.720
Yeah.

00:26:55.119 --> 00:27:00.799
I mean, I just saw that things in the Midwest were so much cheaper and more affordable.

00:27:01.039 --> 00:27:01.279
Right.

00:27:01.359 --> 00:27:03.279
So I was like, let me start there.

00:27:03.920 --> 00:27:05.279
And so I bought that.

00:27:05.359 --> 00:27:07.839
And then once I bought that, I was ready to go all in.

00:27:07.920 --> 00:27:12.880
You know, I had I was going through a divorce, and I had to sell my condo anyways.

00:27:13.039 --> 00:27:16.079
I was like, I'm gonna sell both my properties and go all in out of state.

00:27:16.319 --> 00:27:20.480
And in terms of real estate, or there's three different types of things you need.

00:27:20.640 --> 00:27:23.440
There's time, knowledge, and money.

00:27:23.680 --> 00:27:26.960
I had the time, I had the capital, but I didn't have the knowledge.

00:27:27.119 --> 00:27:30.400
So I went and seeked a coaching mentoring program, a community.

00:27:30.640 --> 00:27:39.519
So in December 2022, I joined Zencoast University, uh, which was a community that offers mentoring, coaching, online curriculum, all that.

00:27:39.680 --> 00:27:50.319
And in 2023, I purchased four properties in Philly, Philadelphia, PA, using the Burr method, which is buy, renovate, rent, refinance, and repeat.

00:27:50.480 --> 00:27:55.759
And the beautiful thing about that is that you get to recycle your money and use it for more and more properties.

00:27:56.000 --> 00:28:01.680
So to share actual numbers, I bought a four-bed, one bathhouse for$108,000.

00:28:01.839 --> 00:28:04.000
I put$80,000 in renovation.

00:28:04.079 --> 00:28:07.359
So I'm all in for$188,000.

00:28:07.680 --> 00:28:09.920
It got appraised for$288,000.

00:28:10.000 --> 00:28:12.880
So I gained$100,000 in equity from that deal.

00:28:13.039 --> 00:28:18.880
I did a cash out refinance for 70% of that, which is about$201,000.

00:28:19.039 --> 00:28:27.680
I took that$201,000, paid myself back for the investment that I put in, still had money in my pocket, and I had a property that was renting for$2,100.

00:28:28.160 --> 00:28:31.440
So I took that same money and did it three more times.

00:28:31.599 --> 00:28:34.240
And that's how I kind of jumpstarted things.

00:28:43.200 --> 00:28:49.200
You know, as far as, you know, or you're the one that's handling finding the contractors and everything like that to do the renovations.

00:28:49.359 --> 00:28:50.720
Can you kind of break that down?

00:28:50.960 --> 00:28:51.440
Absolutely.

00:28:51.599 --> 00:28:54.720
So first, I am probably the least handiest person ever.

00:28:55.680 --> 00:28:56.720
I'm not handy either.

00:28:56.799 --> 00:29:09.759
So I mean, I guess to add on to one of the questions before why I bought out of state, I realized that if I own a property next door to me and something was wrong, I would call someone to fix it.

00:29:10.079 --> 00:29:14.079
So it doesn't matter if I live next door or thousands of miles away.

00:29:14.160 --> 00:29:15.279
It's gonna be the same process.

00:29:15.440 --> 00:29:16.720
I'm gonna call someone to fix it.

00:29:16.799 --> 00:29:18.400
So I don't need to be, I don't need to see it.

00:29:18.880 --> 00:29:20.319
I probably won't even know what to do if I see it.

00:29:20.640 --> 00:29:20.799
Right.

00:29:20.880 --> 00:29:21.519
Yeah.

00:29:21.920 --> 00:29:29.039
So um, so yeah, so how I got the deal, I did something called PML, private money lending.

00:29:29.200 --> 00:29:32.079
I was a private money lender a little before then.

00:29:32.160 --> 00:29:37.920
I met someone that was, hey, give me X amount of money, I'll give you return, and then you know, I'll pay you out.

00:29:38.160 --> 00:29:39.759
So we I we did that a couple of times.

00:29:39.839 --> 00:29:45.680
And when I met him in person, I said, hey, if you're paying me 20%, you're obviously making more.

00:29:45.920 --> 00:29:47.599
So I want to do what you're doing.

00:29:47.759 --> 00:29:50.000
So he said, you know, I'll send you deals.

00:29:50.079 --> 00:29:50.799
So I said, sure.

00:29:50.960 --> 00:29:57.599
And when he sent me the deals, I realized that I didn't know how to analyze the deal, which is why I joined Zencoach University for the coaching.

00:29:58.880 --> 00:29:59.839
He was someone.

00:30:00.319 --> 00:30:04.079
That actually, his father was a contractor.

00:30:04.240 --> 00:30:05.680
He would source the deal.

00:30:05.839 --> 00:30:07.599
He would take care of the renovation.

00:30:07.759 --> 00:30:10.240
And he even offered to manage the property for me.

00:30:10.400 --> 00:30:11.920
So for me, it was quick and easy.

00:30:12.079 --> 00:30:14.400
Plus, Philly's about hour and a half, two hours away.

00:30:14.480 --> 00:30:16.160
I could drive there if I wanted to.

00:30:16.319 --> 00:30:21.839
And for the first property, I did go and visit it three times, but I have not visited the other properties since.

00:30:22.079 --> 00:30:25.440
And even if I go to Philly, I won't see the properties.

00:30:25.599 --> 00:30:27.440
It doesn't do it.

00:30:27.599 --> 00:30:28.240
It doesn't matter.

00:30:28.319 --> 00:30:28.400
Yeah.

00:30:28.559 --> 00:30:29.440
Yeah, it doesn't really matter.

00:30:29.519 --> 00:30:32.079
I mean, I have a property manager that tells me what's going on.

00:30:32.240 --> 00:30:33.839
They, they, they collect payments.

00:30:34.000 --> 00:30:35.599
I see the distributions.

00:30:35.680 --> 00:30:37.599
I have a portal set up for everything.

00:30:37.920 --> 00:30:41.519
So the construction itself, it was relatively hands-off.

00:30:41.680 --> 00:30:45.039
I mean, I had obviously I was part of the process and picking what to do.

00:30:45.279 --> 00:30:48.640
I felt the need to go check on it to see how it was doing.

00:30:48.880 --> 00:30:56.240
And no, I think what many people don't think about is if you can build a team.

00:30:56.720 --> 00:30:58.400
I mean in any business, right?

00:30:58.480 --> 00:31:04.400
If you could build a team and systems in place to take care of things, you can be pretty passive.

00:31:04.880 --> 00:31:05.200
Right.

00:31:05.440 --> 00:31:08.319
Obviously, you can you can just check, you know, do daily updates.

00:31:08.400 --> 00:31:10.400
You could check and you could see for yourself, sure.

00:31:10.559 --> 00:31:19.039
But if you can put a team in place to run your business, to run your properties for you, it's a lot better experience instead of doing everything yourself.

00:31:19.440 --> 00:31:26.960
I do want to call out though, because you're you're, you know, you're sharing all the details, like, hey, I didn't realize this, I didn't know this.

00:31:27.039 --> 00:31:31.519
I enrolled in a course, I needed to learn, I didn't know how to analyze the spreadsheet.

00:31:31.839 --> 00:31:33.519
That's not passive, right?

00:31:33.680 --> 00:31:44.960
Like what is happening now is passive, but you did a lot of work with intentionality and a plan behind it to get to where you are now, which is the passive part.

00:31:45.200 --> 00:31:54.240
And even then, walk us through what happens when there is damage, when the roof does need to be replaced, when you maybe have a tenant who wasn't vetted properly.

00:31:54.400 --> 00:31:56.799
I don't know if that's happened, but you know, and they trash it.

00:31:56.880 --> 00:31:58.559
I mean, I watch a lot of HGTV.

00:31:58.640 --> 00:32:00.720
You see this, you see this stuff all the time.

00:32:00.880 --> 00:32:11.759
It's like you really have to be emotionally detached from your rental properties because you don't live there and you need to look at them as a business.

00:32:11.920 --> 00:32:17.359
Um, but would love to know like, when does it not become passive for you anymore?

00:32:17.759 --> 00:32:20.799
So one, I believe it never becomes completely passive.

00:32:21.039 --> 00:32:21.359
Okay.

00:32:21.599 --> 00:32:22.000
Never.

00:32:22.160 --> 00:32:24.319
There are levels of passive.

00:32:24.559 --> 00:32:25.039
Yeah.

00:32:25.359 --> 00:32:31.119
So to answer your question, yes, I dealt with some tenants, evicted that tenant.

00:32:31.279 --> 00:32:34.000
The first ten I put into the property that I just shared with you.

00:32:34.240 --> 00:32:36.079
Went through eviction, went through court.

00:32:36.240 --> 00:32:38.319
They were, I won the court case.

00:32:38.400 --> 00:32:43.599
They were ruled to pay me by the end of 2024, and I have still not seen a dime.

00:32:44.160 --> 00:32:44.559
Right?

00:32:44.640 --> 00:32:47.680
So I am in the process of hiring someone to collect.

00:32:48.400 --> 00:32:51.519
Now, if that'll happen, I don't know.

00:32:51.680 --> 00:32:58.559
But I think the main thing is in personal finance, we say to have three to six months of expenses in your mercy fund.

00:32:59.359 --> 00:33:04.720
I believe you need three to six months of mercy of expenses in each property.

00:33:05.519 --> 00:33:05.680
Yeah.

00:33:06.319 --> 00:33:06.480
Right.

00:33:06.640 --> 00:33:12.000
So if you can't cover the next two months of rent, you're in trouble.

00:33:12.160 --> 00:33:20.559
So you need to make sure you have reserves for each property because each property is individually, has individual circumstances, right?

00:33:20.720 --> 00:33:24.640
So for me, I was able to float it because I have reserves.

00:33:24.960 --> 00:33:25.200
Right.

00:33:25.279 --> 00:33:29.680
And another thing I leverage is I leverage my securities backed line of credit.

00:33:29.839 --> 00:33:31.440
Uh, call it SB Lock.

00:33:31.839 --> 00:33:35.359
So many people will know what a HELOC is, a home equity line of credit.

00:33:35.519 --> 00:33:42.160
And SB Lock, instead of leveraging a property like a HELOC, it leverages your taxable brokerage account.

00:33:43.759 --> 00:33:47.759
Schwab, I have my SB lock with Schwab, they call it a pledge asset line.

00:33:47.839 --> 00:33:51.759
They give me 70% line to credit of my brokerage account.

00:33:51.920 --> 00:33:55.440
So I use that if I need extra funding to cover it.

00:33:55.599 --> 00:34:07.279
I mean, I pay monthly only, uh monthly interest-only payments, but it gives me a lot more purchasing power and a lot more flexibility in terms of funding if and when I need it.

00:34:07.759 --> 00:34:11.599
Is this something you learned how to do in the course that you enrolled in?

00:34:12.159 --> 00:34:12.480
Was.

00:34:12.800 --> 00:34:19.440
And every single time I bring it, I would say 95, 95% of people have never heard of an SB lock.

00:34:19.760 --> 00:34:23.199
I think many people have a brokerage account.

00:34:23.280 --> 00:34:27.599
So just to clarify, you cannot, you can't leverage a retirement account.

00:34:27.679 --> 00:34:28.880
You cannot leverage a Rawfire.

00:34:28.960 --> 00:34:31.119
It has to be a taxable brokerage account.

00:34:31.360 --> 00:34:36.079
And if you have at least$100,000, you can open one up with Schwab.

00:34:36.400 --> 00:34:39.599
You can open one with Delhi with$500,000.

00:34:40.079 --> 00:34:47.519
That gives you so much more access because in real estate or even building businesses, you want to be able to leverage everything you have, right?

00:34:47.840 --> 00:34:51.199
You run out of money eventually in your bank account, right?

00:34:51.360 --> 00:34:54.239
Unless you just keep making an insane amount of cash flow.

00:34:54.400 --> 00:34:58.639
But if you run out of money, you need to be a little more creative about getting funding.

00:34:58.800 --> 00:35:05.440
Whether that is getting, you know, raising money, private money from people for deals, things like that, with which I've done as well.

00:35:05.679 --> 00:35:11.679
But one of the things I love to do is look at everyone's financial, like all the financial, say, okay, can you leverage that?

00:35:11.840 --> 00:35:12.719
Can you leverage that?

00:35:12.880 --> 00:35:17.519
Can you leverage a retirement account through a self-direct IRA from a previous employer?

00:35:17.679 --> 00:35:24.480
There's so many things that people don't think of that there's so much good debt that you can leverage out there.

00:35:24.559 --> 00:35:26.239
And it's so powerful.

00:35:27.119 --> 00:35:33.119
So, like I understand that, you know, within middle school teaching, you're teaching, you know, the basics that you spoke about um previously.

00:35:33.280 --> 00:35:37.599
But as far as the more advanced stuff that you're speaking about now, do you teach this to people as well?

00:35:37.920 --> 00:35:38.320
Absolutely.

00:35:38.480 --> 00:35:38.639
Yeah.

00:35:38.719 --> 00:35:40.800
So I am a wealth real estate coach.

00:35:40.960 --> 00:35:44.239
I have my own personal brand, RT Invest, that I coach clients in.

00:35:44.320 --> 00:35:49.679
I'm also a real estate coach for Zen Coach University, which is the community I joined as a student.

00:35:49.840 --> 00:35:52.480
And after a year, they asked if I want to become a coach.

00:35:52.639 --> 00:35:55.360
And obviously made a lot of sense because a lot of synergy.

00:35:55.519 --> 00:36:03.599
So I do work with adults of all different ages to help them learn about real estate investing to create that passive income.

00:36:03.840 --> 00:36:13.760
But what I've realized is that, sure, we're teaching real estate, but there's so much more that that entails, whether it be your personal finance, your mindset, right?

00:36:13.920 --> 00:36:27.519
Just the mindset is the most important thing, no matter what your age, no matter what services you're looking for, whether, you know, if you want a personal training for working out, like if you need that mindset to be able to, you know, go through and get those results.

00:36:28.000 --> 00:36:33.679
So for me, I just feel like I just cover a lot of things with each individual person.

00:36:33.840 --> 00:36:36.800
And I truly, truly enjoy it.

00:36:37.519 --> 00:36:47.119
Because seeing the transformation of people, seeing them held accountable and to see the results is is priceless.

00:36:48.480 --> 00:37:01.519
Yeah, because I know like for me, like so for like me personally, I'm the type of person where like I can find myself waiting too long for certain things because I want things to quote unquote be perfect.

00:37:01.679 --> 00:37:03.920
And I just need to sometimes take that first step.

00:37:04.000 --> 00:37:10.960
And I know that's uh, you know, this that could be said for a lot of people out there, and having someone like yourself work with them helps them at least take that first step.

00:37:11.039 --> 00:37:17.119
And as you said before, even with your first step, there were errors made, but that first step is what has gotten to you where you're at today.

00:37:17.440 --> 00:37:17.679
Yeah.

00:37:17.760 --> 00:37:19.519
I mean, I don't believe in mistakes.

00:37:19.679 --> 00:37:22.000
I believe that every mistake is a learning opportunity.

00:37:22.960 --> 00:37:23.119
Right.

00:37:23.360 --> 00:37:27.039
And I mean, obviously we can be the victim and say, oh, I messed up, what do I do now?

00:37:27.119 --> 00:37:29.920
But let's let's be be accountable.

00:37:30.079 --> 00:37:31.039
You know, let's take that.

00:37:31.119 --> 00:37:32.639
All right, what did I do wrong?

00:37:32.800 --> 00:37:35.119
How can I prevent myself from making that same mistake?

00:37:35.199 --> 00:37:38.239
And how can I prevent others from making that mistake as well?

00:37:39.119 --> 00:37:47.679
How do you go from one property in Ohio, a couple in Philly, to 580 plus units?

00:37:47.840 --> 00:37:50.079
And how long did that take?

00:37:50.960 --> 00:37:52.159
Partnerships.

00:37:53.039 --> 00:37:56.480
So you know, you can if you want to go fast, go alone.

00:37:56.639 --> 00:37:58.559
If you want to go far, go together, right?

00:37:58.880 --> 00:38:09.039
And being able to meet other people that are really doing really dope things really opens opportunities, opens your network, opens your eyes.

00:38:09.280 --> 00:38:14.639
And what I realized is was when I purchased four properties in Philly and I renovated, it was a lot of work.

00:38:14.880 --> 00:38:18.639
And sure, I keep doing this, but I would like to scale my portfolio.

00:38:18.719 --> 00:38:21.920
I like to get into bigger projects, right?

00:38:22.239 --> 00:38:28.239
So one of the first projects I got into was a 355-unit parma complex in Murfreesboro, Tennessee.

00:38:28.559 --> 00:38:31.760
And in that property, we repurchased for$32 million.

00:38:32.000 --> 00:38:44.239
And, you know, we have partners that put in a bulk of that, but we also raised about$10,$11 million from other passive investors, right, that want to be in the deal.

00:38:44.559 --> 00:38:50.000
And for me, that was the first time where I got a ROI on my social media.

00:38:50.239 --> 00:38:54.719
So I haven't I posted content, was it summer 2023?

00:38:55.039 --> 00:38:58.320
It's because I had so many parents that said, Hey, Mr.

00:38:58.480 --> 00:38:59.840
Trent, I would love to be in your class.

00:39:00.000 --> 00:39:01.119
Can I come sit in your class?

00:39:01.280 --> 00:39:03.920
So I was like, why am I limiting what I teach in the classroom?

00:39:04.000 --> 00:39:05.599
Just put it out there, see what happens.

00:39:05.840 --> 00:39:11.119
And when I publicized that deal, people were like, hey, Ray, I love what you're doing.

00:39:11.199 --> 00:39:13.039
I'll see your post on Facebook, Instagram.

00:39:13.119 --> 00:39:14.400
Tell me about the deal.

00:39:15.440 --> 00:39:19.519
You know, I was able to raise half a million, like personally, from that deal.

00:39:19.760 --> 00:39:27.199
And the thing I enjoyed the most is being able to give this opportunity to other people that normally wouldn't have it.

00:39:27.519 --> 00:39:39.760
Most people, most working professionals, are working to pay their bills, they have kids, they take a nice vacation, but they don't, they don't have the time or they don't want to use the time to go into real estate.

00:39:40.000 --> 00:39:45.360
So I say, well, you know, here's our projections, here's our numbers, here's our team, this is everything we're doing.

00:39:45.519 --> 00:39:50.079
We send out monthly email updates of all the financials, everything that's going on.

00:39:50.320 --> 00:39:56.000
And, you know, the biggest piece I, if you invest in me, I will teach, I will walk you through this.

00:39:56.079 --> 00:39:57.519
I'll give you education.

00:39:57.760 --> 00:39:58.079
Right.

00:39:58.239 --> 00:40:02.079
Most people don't take it because they're like, just Ray, just tell me what I'm getting paid.

00:40:02.320 --> 00:40:04.960
But, you know, I give that education.

00:40:05.119 --> 00:40:11.599
So what I love about the bigger deals is I can get my friends and family in there, you know, so that we can all grow together.

00:40:12.239 --> 00:40:19.599
I love that part you said this at the end because we have a lot of conversations about personal finance and, you know, how to grow wealth with our friend circle.

00:40:19.679 --> 00:40:24.320
And the ultimate goal is that so that we all, at the end of the day, can enjoy the lives that we want to enjoy.

00:40:24.480 --> 00:40:31.519
And, you know, when we come all become work optional, and it's like, oh, I'll pay for this vacation, you pay for that vacation and just spend time together.

00:40:31.840 --> 00:40:33.599
Yeah, that's the ultimate goal.

00:40:33.920 --> 00:40:34.960
What happens?

00:40:35.119 --> 00:40:38.960
Let's talk about the Murphy'sboro apartment complex.

00:40:40.000 --> 00:40:46.320
How many people are in on a$32 million building?

00:40:47.119 --> 00:40:50.159
And is there a minimum to get in?

00:40:50.239 --> 00:40:59.199
And then what is the what's the lowest amount that somebody is making, right, every month off of a deal like that?

00:40:59.840 --> 00:41:02.559
I don't know if any of those questions make sense.

00:41:03.119 --> 00:41:03.599
Got it.

00:41:03.840 --> 00:41:04.079
Okay.

00:41:04.400 --> 00:41:07.599
So we have in a, it's called a syndication.

00:41:07.920 --> 00:41:12.320
Syndication is when a pool of investors put money together to buy something.

00:41:12.559 --> 00:41:17.920
So in a syndication, there are general partners, GPs, and there are limited partners, LPs.

00:41:18.159 --> 00:41:22.400
General partners are people that run the deal, operate the deal, find the deal, all that.

00:41:22.480 --> 00:41:26.079
And limit partners are past investors that put in money, have no say.

00:41:26.480 --> 00:41:31.519
So we have um four main groups in the general partner side.

00:41:31.679 --> 00:41:42.320
And of the limited investors, I would say 50-ish people that invested, the minimum investment for that uh project was$50,000.

00:41:42.639 --> 00:41:52.000
So$50,000 minimum investment, you get quarterly payouts, and we're hitting about 8% cash on cash return.

00:41:52.159 --> 00:41:58.000
And then at the end of five years, you will we're projecting to over more than double your money.

00:41:58.239 --> 00:41:58.559
Right.

00:41:58.719 --> 00:42:03.920
So I guess a lot of different deals out there, people kind of, okay, give me your money.

00:42:04.079 --> 00:42:05.599
At the end, you'll get your return.

00:42:05.760 --> 00:42:08.719
But I think people like the fact that they're getting quarterly payoffs.

00:42:08.800 --> 00:42:14.159
They like the fact that they're getting monthly email updates and a nice PDF report that shows everything transparent.

00:42:14.239 --> 00:42:18.960
And like the fact that they can access me to ask me what's going on.

00:42:19.280 --> 00:42:29.519
The beautiful thing about commercial real estate, which multifamily deals, is that the worth of your property is not solely based on the comps in your area.

00:42:29.760 --> 00:42:37.679
So people that buy single family houses, houses, basically it's whatever is selling in your neighborhood that's like comparable to your property.

00:42:37.840 --> 00:42:39.599
That's how they figure out what it's worth.

00:42:39.840 --> 00:42:44.880
In commercial real estate, it's about the NOI, the net operating income.

00:42:45.119 --> 00:42:47.679
How much income you have minus the expenses.

00:42:47.920 --> 00:42:52.320
So we go into these projects looking to raise the income that we're bringing in.

00:42:52.480 --> 00:42:57.360
Whether it's by turning units, uh, people that the lease are ending, we're raising the rents.

00:42:57.519 --> 00:43:00.880
If they're willing to pay the raised rent, that's market rent, sure.

00:43:01.119 --> 00:43:10.320
If they're not, they leave, we renovate the property, raise the value, rent it for more, and that increases your bottom line, the more money you're bringing in.

00:43:10.480 --> 00:43:12.079
In addition, there are other things you could do.

00:43:12.239 --> 00:43:19.920
You could increase the, you know, increase the parking spots or add a pickable court, things like that, that will raise the value of the property.

00:43:20.079 --> 00:43:35.519
Now, the more money you're bringing in, the more your property will be worth, which is why I feel like there's so much more power in and control in the multifamily space as opposed to just a house that, you know, if your neighbor sold it for a low price, like, oh, that's that's not looking too good.

00:43:35.599 --> 00:43:37.519
But your neighbor selling up a high price, okay, that's good.

00:43:37.679 --> 00:43:39.199
But you can't control that.

00:43:39.440 --> 00:43:39.760
Yeah.

00:43:40.000 --> 00:43:44.400
We have a bunch of houses in the neighborhood for sale and they keep dropping the price.

00:43:44.559 --> 00:43:51.360
And we keep looking like, oh, this is, I mean, we knew that we weren't ready to sell yet, anyways, but exactly what you just described, right?

00:43:51.440 --> 00:43:59.519
Like, it's not good that our neighbors are dropping their rates and can't sell their house because that means we're not going to be able to sell ours for what we would want to.

00:43:59.679 --> 00:44:01.360
So that makes a lot of sense.

00:44:01.920 --> 00:44:20.000
So for any listener out there who's listening to this and they've heard everything that you, you know, all the knowledge that you've um put out there, if they were looking to get started, what are maybe some of like the, you know, maybe one or two things that you would say, this is what you need to be looking at, this is what you need to be doing if you're going to get started into real estate investing.

00:44:20.559 --> 00:44:20.719
Okay.

00:44:20.880 --> 00:44:24.960
So they have to look at the three things capital, knowledge, and time.

00:44:25.440 --> 00:44:28.639
What do you have and what don't you have, and how you can fill that gap.

00:44:29.280 --> 00:44:33.920
So most people should probably have some capital, right, to start with.

00:44:34.079 --> 00:44:36.239
If they have capital, do you have the time?

00:44:36.639 --> 00:44:40.480
If you don't have the time, are you willing to make the time, be more active?

00:44:40.639 --> 00:44:50.719
If you're not willing to be more active, you want to be passive, you look for people that you trust, that you learn to trust, that you grow up, build a relationship with to invest with.

00:44:50.960 --> 00:44:59.280
Now, if you have the time and you have the capital, you want the knowledge, you look for someone or some people that have done it already.

00:44:59.440 --> 00:44:59.760
Right.

00:44:59.920 --> 00:45:06.480
I truly believe in investing in yourself, whether it be investing in a personal trainer, a life coach, a real estate coach.

00:45:06.639 --> 00:45:11.760
I mean, why not learn from people that are doing or have done what you want to do?

00:45:12.000 --> 00:45:14.559
And to me, that's an investment in yourself.

00:45:14.719 --> 00:45:15.119
Right.

00:45:15.280 --> 00:45:18.800
So we'll buy whatever for our kids, you know, we'll, you know, do whatever.

00:45:18.880 --> 00:45:24.000
But then when it's time to pay for coaching, pay for mentorship, it's nah, I don't want to do that.

00:45:24.079 --> 00:45:26.880
I could, I could go on YouTube, I could go on Instagram, get it for free.

00:45:27.039 --> 00:45:28.800
But how long have you been doing that for free?

00:45:28.960 --> 00:45:30.239
And where has it gotten you?

00:45:30.800 --> 00:45:36.000
And deciphering, deciphering the noise and what's real and what's not and what applies and what doesn't.

00:45:36.239 --> 00:45:48.480
We talk about that all the time because that time ROI, figuring out yourself when people are clearly doing it well and are teaching, that's that is an investment, like you said.

00:45:48.559 --> 00:45:51.119
Aaron Powell It's also being real with yourself and who you are as a person.

00:45:51.280 --> 00:45:51.440
Yeah.

00:45:51.679 --> 00:45:55.440
Like you just said, like if it's all free and out there, why haven't you done it already then?

00:45:55.599 --> 00:45:55.920
Yeah.

00:45:56.159 --> 00:45:58.000
There's there's probably a reason for that.

00:45:58.239 --> 00:45:58.880
Yeah.

00:46:00.079 --> 00:46:06.159
So, Ray, you have all these units, but you're still teaching middle school in Brooklyn.

00:46:06.480 --> 00:46:07.679
What's that about?

00:46:09.039 --> 00:46:10.480
I love what I do.

00:46:10.960 --> 00:46:11.280
Okay.

00:46:12.159 --> 00:46:14.880
That's the best teacher to have.

00:46:14.960 --> 00:46:16.719
The teacher that's doing it for the love of doing it.

00:46:17.039 --> 00:46:17.920
Absolutely.

00:46:19.920 --> 00:46:22.800
Kids always come to me, oh, you know, you're you're a millionaire.

00:46:22.880 --> 00:46:24.960
I was like, well, my net worth is in the millions.

00:46:25.280 --> 00:46:30.079
I don't have that in my bank, but it just comes down to I I really enjoy what I do.

00:46:30.320 --> 00:46:40.159
I had a lot of discussions that, you know, I can go full time to real estate, go full-time into financial consulting or anything like that, and I can make more money.

00:46:40.400 --> 00:46:41.039
Sure.

00:46:41.679 --> 00:46:45.440
But I actually have a very flexible job.

00:46:45.760 --> 00:46:49.760
Because I assign projects to students, I do have a lot more free time.

00:46:50.159 --> 00:46:53.360
And I feel like I'm so much more efficient when I'm working.

00:46:53.599 --> 00:46:59.360
So this past summer, I didn't work and I was, you know, I wake up at whatever time and I'm always in the house.

00:46:59.440 --> 00:47:02.880
There's always something to do with the baby, my wife, anything like that.

00:47:03.039 --> 00:47:05.760
And when I'm at work, like I'm at work, right?

00:47:05.840 --> 00:47:08.079
So I'm so much more efficient there.

00:47:08.639 --> 00:47:12.000
And two, I have a lot of flexibility still.

00:47:12.159 --> 00:47:14.480
Like I work 180 days in a year.

00:47:14.639 --> 00:47:16.079
Less than half the year I'm working.

00:47:16.159 --> 00:47:18.559
So I can do whatever I have to do outside of it.

00:47:18.639 --> 00:47:24.880
You know, I run my real estate, I do coaching, I go to network, I organize and run and go to networking events.

00:47:24.960 --> 00:47:27.679
Like these are all things that I'm still able to do.

00:47:27.920 --> 00:47:29.519
That's why I stay in teaching.

00:47:29.760 --> 00:47:31.519
I mean, my wife is not working.

00:47:31.679 --> 00:47:32.960
She doesn't want to work.

00:47:33.039 --> 00:47:34.559
And I said, you don't have to work.

00:47:34.719 --> 00:47:36.000
If you want to work, you can.

00:47:36.159 --> 00:47:43.280
And that's because of certain assets and investments that made in the past that allows us that financial freedom.

00:47:43.440 --> 00:47:48.480
And everyone always talks about that freedom to do whatever you want whenever you want.

00:47:48.880 --> 00:47:50.639
Yeah, that's amazing.

00:47:51.199 --> 00:47:52.960
Ray, where can people find you?

00:47:53.199 --> 00:48:01.039
I'm sure this is going to spark a lot of uh like, oh my gosh, okay, this is what I needed to get started, or at least, you know, have a reference point.

00:48:01.199 --> 00:48:02.559
Where can people find you?

00:48:02.719 --> 00:48:05.679
Where can they, you know, sign up for coaching?

00:48:05.920 --> 00:48:07.599
Let us know all the details.

00:48:07.920 --> 00:48:08.719
Yeah, absolutely.

00:48:08.880 --> 00:48:14.000
So I am uh all the social media platforms on the RT.invest plural.

00:48:14.159 --> 00:48:17.119
I have a website.rtinvest.com.

00:48:17.280 --> 00:48:20.880
And, you know, you can shoot me an email, ray at rtinvest.com.

00:48:21.039 --> 00:48:27.760
I mean, I, you know, I give free consultations for anyone that's looking for help to see if we're the right fit.

00:48:27.920 --> 00:48:28.239
Right.

00:48:28.320 --> 00:48:32.800
I mean, it's possible that we may meet and it's just not the right fit, right?

00:48:32.960 --> 00:48:41.119
But I give a consultation, meet them, and see what I can do for them and what if they're have that mindset to be willing to shift it.

00:48:41.280 --> 00:48:45.280
Um, other than that, you know, I post content about all these topics that we talk about.

00:48:45.519 --> 00:48:50.559
And it's just something that I've realized that there isn't enough in the world, right?

00:48:50.639 --> 00:48:52.880
There isn't enough knowledge out there.

00:48:53.119 --> 00:48:59.519
Now, whether people want to take that knowledge, that's another conversation, but there just isn't enough good information out there for people.

00:48:59.760 --> 00:49:04.400
And I just feel that I want to be able to make an impact on people's lives.

00:49:04.559 --> 00:49:07.440
And in order to do that, I have to be transparent and be out there.

00:49:07.679 --> 00:49:11.519
So I really appreciate this opportunity to be on your show.

00:49:11.760 --> 00:49:14.079
And yeah, just very grateful.

00:49:14.400 --> 00:49:14.639
Yeah.

00:49:14.800 --> 00:49:16.239
We're so happy to have you.

00:49:16.400 --> 00:49:19.599
This has been a wonderful and informative conversation.

00:49:19.760 --> 00:49:21.679
I know I can already see Brandon's wheel.

00:49:22.079 --> 00:49:23.199
I know my husband.

00:49:23.360 --> 00:49:30.159
He's he's his wheels are already turning because real estate has been very much top of mind for him.

00:49:30.239 --> 00:49:31.760
So I mean, I'm not gonna lie.

00:49:31.840 --> 00:49:45.119
This part of the we obviously started the podcast to help, you know, people have more regular conversations about with their about their money, but also selfishly, I like talking to people like yourself that know, you know, so much more than I do in a specific area.

00:49:45.199 --> 00:49:51.280
And I could learn some knowledge and yeah, have some people that I could talk to, possibly work with to help up, you know, our game.

00:49:51.599 --> 00:49:52.000
Absolutely.

00:49:52.719 --> 00:49:52.960
Yeah.

00:49:53.119 --> 00:49:54.400
And he's a middle school teacher.

00:49:54.480 --> 00:49:56.000
Of course, we can trust him.

00:49:56.880 --> 00:49:58.400
I mean, of course.

00:49:58.559 --> 00:49:58.960
Yeah.

00:49:59.280 --> 00:50:00.400
It's just money, right?

00:50:00.639 --> 00:50:01.679
It's just money.

00:50:01.760 --> 00:50:02.159
Yeah.

00:50:02.400 --> 00:50:03.599
Ray, this has been awesome.

00:50:03.679 --> 00:50:11.599
We'll make sure to link all of your socials and your website in the show notes for anybody to to reach out, connect, get that free consult.

00:50:11.760 --> 00:50:14.800
Thank you for being with us today and for dropping all those gems.

00:50:15.039 --> 00:50:20.400
Don't forget, Benjamin Franklin said, an investment in knowledge pays the best interest.

00:50:20.639 --> 00:50:21.920
You just got paid.

00:50:22.079 --> 00:50:22.960
Until next time.

00:50:23.199 --> 00:50:24.880
Sugar Daddy Podcast go.

00:50:25.360 --> 00:50:27.599
Learn how to make the pockets grow.

00:50:27.840 --> 00:50:30.000
Find into freedom split a week, bro.

00:50:30.800 --> 00:50:32.400
Investments, money flow.

00:50:32.960 --> 00:50:34.880
Thanks for listening to today's episode.

00:50:35.039 --> 00:50:37.920
We are so glad to have you as part of our Sugar Daddy community.

00:50:38.079 --> 00:50:46.079
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00:50:46.320 --> 00:50:50.480
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00:50:50.639 --> 00:51:01.679
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00:51:04.800 --> 00:51:07.840
It's very important to do your own analysis before making any investment based upon your own personal circumstances.

00:51:08.000 --> 00:51:16.159
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