0:00 I want to tell him don't do this but he's already signed and everything and I was like but I can't I don't know what the scam is but I think what I'm getting from you is the scam is that they're building a house of cards and it might be working for a few people but when it crashes or whatever their money's not going to be safe that's right okay that's [Music] right so since we have uh that win with us today I wanted to know um there's a lot of talk about different real estate scams out there but from your perspective what are the scams that real estate Educators pull oh ████ damn and who specifically does it because I think like when someone's looking for a mentor they're they're so
0:50 susceptible to falling into the prey of like a guy that's like oh you can trust me this is what you do and this is how you do it I feel like there's got to be a lot of people out there that have had these experiences and then end up with you and then see that this is how it's really done if you look at a lot of the educator now yeah the new group of influencers SL educator if you notice the one one thing that's very common with all of them right now they all young I'm the oldest guy in out there you know what I mean yeah like you know Grant you know he's not he's an educator but he's really a investor and what Grant does is that he does big real estate seminars he does Big Stuff on social media uh Grant Cardone yeah okay to get
1:41 people and what he always say is don't buy a residential real estate stupid buy a apartment building of course who doesn't want to buy a partment building most people can't afford it m and so what they say is it's stupid by rental property single family by multi family better all the reason why he says it's even stupid to buy your own house he says he's been he only rents that's what he says yeah and the reason why is because you have to make something wrong to prove your point of view [Music] right I can't afford single family G okay if you can't just invest in the grant codone Capital so he's basically raising his own private Equity through the audience that's right all he does is raise Capital he doesn't teach people how to fish yeah just invest your money
2:32 in this and then we will be a part of it I see so be a part of the fund that's right that's pretty smart yeah so a lot of people that invest are not even credit investor which is disappointing that credit investor people has at least a million net worth minimum yeah a lot of the people invest don't have a million net worth so if you are someone with this much of an influence you should create a standard called Integrity yeah right because because they can't afford to lose money right and I know and he represent many investor that's doing this right now and people lower their qualification right to let people in the front door the true investor oh you got to be a credited investor to be invest I wonder how they curve the SEC when they crowdfund like that for an investment
3:24 together that's interesting yeah you know what I mean but crowdfunding you know they they they do it with less money right yeah right and they probably there's a loophole in that crowdfunding right and it's it's tier based at the end of the day right like the amount you can invest uh is reflective of your if you invested straight into a syndication technically right into a syndication like that it's typically I you know the the the standard is you got to be a credit investor even like when I did my building you have to have credit investor can you explain what what being a credit investor meaning someone has at least an income I think I want to say over 250,000 a year or at least a million dollars the net worth yeah oh but but the thing is like you can still invest in a lot of those things you just can't invest a certain amount if you're not accredited it's a cap for like okay yeah but also there's a way um for people pitching and Gathering that
4:15 there's like rules and I don't know what the specifics are but once you do that the SEC and all them get get involved because it's like well they're supposed to regulate it yeah yeah it's like now opening your own farm and then but the FDA is not involved and it's like well how do you know my stake is good or whatever but I'm sure at that level it's they're they're following the rules I just this is a new thing of influencers gathering their own pool and doing their own thing and the thing is that people like these in these investors let's call them the these investors that gather investors money mhm they they bend it man so they can get people to invest with them okay I was at a seminar last year in Arizona and they have booth and a year ago before that there was
5:07 booth and if there was like 20 Booth let's say there was eight or nine 10 of them with with Booth of influence want to teach people how to invest like me yeah now when I went there I was the only booth that was teaching how to invest the rest of them was all syndicators oh because it's the hype thing right now it's the it's the topic yeah yeah right invest with me invest with me we do project you don't have to worry about it they make everything wrong you don't want to deal with the toilet breaking all the time you don't want to deal with the talent calling you late at night you don't want to do all that if you invest in me you don't have to do with thing with nothing and you get a return right is it wrong to invest in other project no but the return you get for your money is very little but they also say that you didn't do nothing I always tell my student if I can teach you how to do it and you get the right team you technically at the end of the day your team is doing most of the work
5:59 and most of the thinking yeah so what I see right now which is why Integrity is such a big thing for me is I want to be transparent I want to be straight look I already have plenty of money a lot of these guys have money but they still keep bending the r to try to get more investor so the gree kicks in oh yeah and then I ask myself for what at the end of the day so the biggest scam right now is invest with us right the problem is All These syndicators Are Young they only been through one bad Market I see if they lucky they haven't gone through one bad market yet that's a good point yeah cuz I have someone um you look at all you got to do look at all the all the influencer right the old people like the Rob gron that that's it but the rest of people like me out there they very young and I if you took Grant codone and Rob kak out of there I'm the oldest out of the rest of them I'm in my
6:51 50 the rest of them only in their 30s yeah yeah I was um helping one of my family members like process some documents with one of these guys and I was like okay clearly he's starting a syndication he's doing his own thing it seems legit yeah but he just looks like a really cheap salesman like their style should run like ████ fast bro that's like I want to tell him don't do this but he's already signed and everything and I was like but I can't I don't know what the scam is but I think what I'm getting from you is the scam is that they're building a house of cards and it might be working for a few people but when it crashes or whatever their money's not going to be safe that's right okay that's right and here's the
7:41 thing they're building and hoping and praying that it don't crash yeah they're building and praying right that they don't lose money because they do they don't have money to actually help m oh none of them have't the the the smaller influencer I can show you DM on my cell phone I people DM me and go that look what blank black blank did to me and they give me case studies I asked many of them here so I get an email I get a DM from this girl that you know blank blank blank right I was like yeah look I invested with him and there's two point of view to this okay he been out flipping houses you know I
8:33 see him taking picture with people like you and other other influence so I feel he's legit and so I invested with him I gave him something like 50 Grand and he ended up flipping it and we got our money back in the profit so I fig that's legit the next time he asked for something like 150,000 so I didn't have the money so I decided to do a Helo on my personal house to take it out so I can invest with this person this person over here is broke this influencer they don't have his own money so I have money and if I was in have you invested me right and you know all the rules but I got money right so I'm not needing you but cuz I already got money these guys they need people to give money so they can make
9:23 money because when they get the deal they might take 50% to give you 50% or how they structure it so this girl invested in there he had other people investing with this person they went and bought this building and then that building was projected across this much money get it done here and sell for this money but the building didn't get done on time cost more now it's upside down so what happened is when you're young you don't have enough market experience and that's why that house a card on top of you know praying that you know what I mean like they don't lose off but they don't have enough experience on life experience timing right just everything and what happened these these young influencers instead of going for single double and triple they trying to go for Grand Slam all the
10:13 times yeah and so they go raise bigger money so the biggest scam right now on the street right now with all influencers they use they use their influence Network to get people to invest in their project and they're all young people every one of them I can show you you know off camera right who are they I show you DM DM the people they they all know me I probably am the only people out there and everybody know this I don't take on investors I got personal friend I got a lot of celebrities a lot of basketball player baseball player a lot of friends I even have one of them who's going to give me 10 mil he's a baseball player famous baseball player in California and he want to give me 10 mil and let me invest in some of your multif family and I'm like I don't need your money bro but i' be happy to teach you how to do it sh right yeah so but I don't want people money cuz you know why cuz the big deal
11:04 that I did remember lost my ass yeah it's more stressful to manage other people's fun you got it bro man my dad's money that's me I'm losing my own money let alone I I got to deal about my dad I got to deal about my friend and so I made a commitment when I did that deal down in downtown when I have enough money I don't need to do a gaze in these but what I can do is that if I have a project I ain't going to want to raise nobody's money I'm going put my own money I deal my own stress and I don't need to go a th speed lightning speed to do it these guy all trying to get to the top literally like yesterday cuz it's young and they want to get up to the top like yeah man I own a th000 doors no you don't own a th why do they all wear very tight suits looks good they never wear suits that fit it's either too baggy or too tight they need to get a suit that
11:55 fits normal hey how many of them you see man always looking casual like me yeah I don't know not many right not many not many yeah I don't need to prove myself to nobody cuz why I'm doing my own deals yeah I don't need to impress nobody so they can invest in me but you know what's crazy my DM go off like crazy in a daily like that's man right let me invest a million bucks with you bro let me invest a million bucks with you right that's a crazy DM to get let me invest a million bucks with you I guess it is kind of similar how you were saying that uh because you've been through multiple crashes okay yeah this is for Real damn he keeps scrolling damn okay yeah legit told
12:46 you that's pretty crazy oh wow I know who he is I wish yeah that's that's dope hey you got to show this side you got to show this side C oh wow I got bunch of those in the DM yeah but I'm glad you're not doing it with him I've seen some movies ni [Music]
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