0:00 my goal is I don't want nobody ever throw my name on the street say I did them wrong they can't cuz I run a straight line straight line I do myself wrong before can we get an official quote Vietnamese people are [Laughter] [Music] shadies here's a cool question I think you'll have a great answer for um in your experience with real estate and doing business entrepreneurship all across the board in what ways is it different when you deal with Asians and specifically the type what kind of Asians Asian business dealings right cuz you told us earlier about how there's like a kickback unspoken rule about like if a Asian person buys a house from you then you got to like give
0:51 them back like is there like is there like one thing Vietnamese do Koreans dude like Chinese like different there's got to be more than that there's got to be way more stuff than just a kickback thing oh man you got to drop you got to make me drop some bombs on my people oh so specifically starting with vietnames Vietnamese people crazy we know that cuz I think for sure there's Asian stereotypes with business cuz I mean there's Asian stereotype with driving because there's like yeah Japanese people follow all the rules where they don't even follow the rules of the flow of traffic and then you got Korean people that make up their own rules you got Chinese people that never follow any rules that's the rule don't follow rules they follow the one rule like you know who's the Asian driver some stuff that you've run into that cuz you I mean you've done it so long you can't resist the pattern recognition no I I never told this story
1:41 before nice I hope this person don't watch it [Laughter] by oh man so um so you know I don't take on investors I only teach people what to do yeah so I don't interact a lot of times where people are doing certain things you know uh that you know they they do things that that on them because it had nothing to do with me right yeah but this one this this one scenario and this happened a couple of times I I don't let it happen to me one time and I learn it and I don't ever let it happen second time I get a phone call hey that my name is blank blank blank and I've been following you and I know a lot of people know you and you know I I just finished
2:32 college and I wanted to know um you know uh would you let me invest in some of your project I'm like no man I I don't I don't allow people to invest in me you know what I mean all right thank you right you know and then I don't know 6 months later I get a phone call again hey can I take you coffee lunch you know can I can I really invest with you I really want to learn you know what I mean I just want to learn and and and and um and you know you know say all these SP yeah I have to find out all right let's have some coffee so they come they tell me what I want to hear and they don't tell you everything yeah you know that I got you know I have a little bit of money you know and you know I love to invest in some of your townhouse project you know and uh and you know and um I just want to just learn I just came out of college want to learn okay all right
3:22 listen you VI the me okay cool my people I help my people out do you know where this is going Vietnamese connection no I'm not saying all vietnames people I'm just saying I know that's like 99% all right 1% R so no problem yeah please come on in come on come on in to the kitchen mhm you're in the kitchen and you teaching them how you find deal how to evalue a deal right teaching them what the good deal look like then you open up the roller de you're showing them who the banker is architect you know what I mean Builders subs subs subs you know what I mean poty man you you open up the whole kitchen and you they
4:12 see all the recipe they see all the ingredients they see everything do the first deal see in the kitchen learning pay back 50% I keep 50% doing the work that's that's awesome thank you that little later down the road that you know I got a little more money you know can I invest with you again how much you get I got the first time it was like 150,000 second time I was like I got 500,000 the ████ ████ got to give 500,000 okay let him in the kitchen now instead of doing two units we doing now six unit learning everything now he's starting to talk a little more on the site talking to superintendent talking to the bankers oh do you think I can go and when you go to the bank can I go to the bank with you
5:03 oh you do when you go talk to the AR can I come along with you can I learn that's all I want to know is learn sure no problem T deal pay out 8,000 got a million dollar what the ████ kind of find out family owns and have a lot of money in the country back in in the other country [Music] and they sending the money over letting the kid learn let it invest make some money so then after the third project the gree kicked in hey I found this project over here man let's go look at okay you in know what uh I don't like this area that much I'm I'm good all right cool I'm buying it 24 hours later the owner call a thatch you know that guy you brought over here he justs knocked on my door yesterday trying to give me to sell it
5:54 to him directly without you wow try to steal your business so he started trying to now he learned it he got all the resources now he's trying to do it on his own now Vietnamese man so what I noticed with me some what are you looking at me for I'm Chinese today Chinese also American Dad America we went to dinner he's Chinese right and then we're eating and in the middle of it he goes don't ever ████ hire Chinese and I'm all like what and then he goes man for 20 years I brought him under my wing and he opens up the same business and I'm all like that's what I'm talking about well I mean he learned for 20 years well takes their client and
6:44 poaches them okay okay that's the worst part of it it was I mean you could be competitive but if you're going to take The Client List that's a little bit kind of I wouldn't even mind if this brother said to me that I learned a lot from you been my mentor I um I'm going to go out there and I'm going to build and do my own do my own thing yeah but don't steal my superintendent ████ which he did yeah right see don't go out there and use all my resources yeah in your roll ofex now yeah yeah right build your own build your own you know the method now that's the thing that really just irritate me the most as people just be transparent there's a few deals like that in that one period of year there's a few deal like that that I didn't get
7:34 paid I did all the work wow yeah and you were just mentoring someone yeah and we about to split these right the last couple deal found this property put to build this really luxury home the profit would have been like 400,000 500,000 5050 decided to keep it for himself to live in oh okay no problems just cut me my half of my profit yeah and you stay there it's still a profit nope they didn't even consider it damn dirty bro damn it's so shortsighted I think it's so short sided man guy still doing it he's still doing it out there Seattle yeah damn because um my my friends who grew up here that are Vietnamese they moved to Vietnam and then they said that the business style is so different because they think um immediate
8:26 gratification rather than a long-term brand or like building a Network where everyone can work together but maybe it's just a difference in like scarcity of like they've been through War they just I don't know right well in this scenario it was we got money and your education was with that guy thatch yeah and we don't need him no more and we have our own money we do our own stuff yeah which is fine but you didn't have to cut around my back and you know funny the superintendent worked with him for like two years year they said I'm done came back work with us I'm done yeah this guy is power abusive you know you have money right young you're power abusive you demanding even escavator the people that we all we rich they all work with us for many year man I'm not working with that
9:17 guy that guy and he D you know you know he he uh he want us he want us to drop everybody's stuff to do his stuff first right that you know what I mean and everybody one by one of these people they all call us and go man I'm done working with that person so you know the short s is yeah you can make money but soon all the vendor get to a point where they're going to say boy coock that person yeah and that's what happened I see with a lot of the with a lot of the the Asian is the mentality is learn it steal it do it our own damn but the thing is they can't really replicate it cuz they don't know exactly what's going on they just kind of take a small recipe but they didn't stay along long enough to understand the customer service the relationship yeah yeah and at the end of the day right they can't duplicate
10:09 Integrity right just like the person you talking about you know what I mean that your your cousin or somebody right at some point someone get burnt yep and i' rather be the person hey you want to invest that person you get burnt on you you know what I mean right but a't on me I don't want I my goal is I don't want nobody ever throw my name on the street say I did them wrong they can't cuz run in a straight line straight line I do myself wrong before ████ it can we get an official quote Vietnamese people are shadies [Music]
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