What is up? Financial Freedom Fast Fam. Today's gonna be a quick one, but I wanna post. I want to throw an idea into your head for if and when you ever buy real estate, real property. This is something that I want you to do, especially if you're gonna be doing renovations, which most likely, if you are listening to this podcast and using what I tell you, you're looking for value add type properties where you can go and do some work, fix it up, add some value to the property and then be able to increase the value, but by doing work, by doing value, by adding value to that property by doing work. So what you want to do and this sparks into my head because I am recently, recently bought a five unit and my guys were able I have two teams of guys, two apartments that need renovations, literally two teams of guys. The week after we closed, they started up and they started going. We closed on a Friday, they started on a Monday.
Speaker 1:
Guys, this is what you need to do while you're going through. If you're in contract on a building, you need to be walking contractors through that building. You need to be walking architects If you need some architectural stuff, if you're trying to change the layout of a bedroom, anything like that. You need to walk architects through. If you have guys, if you have a team, you've got to build them out and bring those guys through while you're in contract and you've got to get quotes and you've got to be ready to go for when that property is about to close. So then, once you close, you can actually just launch off and get these guys going. I'm telling you, it's going to be so valuable and it's going to make you even more valuable, especially as an operator.
Speaker 1:
If you are trying to find other people to bring money into your deals, they're going to be so happy with you that they are the passive partner. They are not really doing too much. And guess what? Guess what? They just put money into an asset where now you are the operator and you are killing it. Why are you killing it? Because they see, wow, this kid was able to get this project started literally the week after we put the dollars down to close on this property, guys, and you need to be able to do that. You've got to be able to make your investors happy and that is one way to do it. It also just makes sense Time is money, baby, time is money.
Speaker 1:
So if that apartment sits for a week extra and you could be making $2,000 a month and it sits for a week extra, that's $500 out of your pocket, baby, $500 out of those. You want to give me $500? I bet not. I bet you don't want to give me $500. So why are you going to let your laziness your need? You think that you could take things slow, you think you could be not prepared and just go do well? No, you've got to prepare. You've got to go and do well. And if you don't, if you think that you don't have to do that, then Venmo me $500 right now at Mad Amobile Guys, that is a joke. I don't need your money, but it is the point that I'm trying to make.
Speaker 1:
Don't steal money from yourself by being lazy and not doing the things that you know you need to do. You know you need to get these contractors in. Don't think that just because you have a deal under contract that's moving, it's moving things will happen on themselves. No, they don't happen by themselves. You, it's much easier. Also when you have a partner, someone who can kind of handle, like, the contract side of stuff. They can handle the bank financing. You can handle that operational side of things. That's what I do. I kind of do the project management and watch over our projects, build a stabilization plan and get my guys in place to go get those properties done and reach financial freedom fast.
Speaker 1:
Because that's what this podcast is all about. I told you it was gonna be a short one. This is just a mindset check. Make sure you save the podcast so you know that in the future you need to do it. I am just trying to make little waves in your mind that push you and make you realize things that you can do better and be more efficient and proficient at in the future when you are buying your own properties. So keep that in your mind and go do that. Peace out, my babies.
