Latest / The Steve Harvey Morning Show / Uplift: This isn't your typical feel-good faith and finance book. The Real Estate Wealth Creator Blueprint: Keys to Overcoming Fear.

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Uplift: This isn't your typical feel-good faith and finance book. The Real Estate Wealth Creator Blueprint: Keys to Overcoming Fear. · The Steve Harvey Morning Show

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Speaker 1: Hi, I'm Rashan McDonald, a host of weekly Money Making
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Speaker 1: Conversation Masterclass show. The interviews and information that this show
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Speaker 1: provides are for everyone. It's time to stop reading other
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Speaker 1: people's success stories and start living your own. If you
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Speaker 1: want to be a guest on my show, please visit
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Speaker 1: our website, Moneymakingconversation dot com and click to be a
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Speaker 1: guest button. Now let's get to our guests. My guest
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Speaker 1: is a real estate entrepreneur, financial strategists and host of
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Speaker 1: Less Talk real Estate. He's also the author under newly
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Speaker 1: published number one I'm Telling book on number one on
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Speaker 1: Amazon under real estate and Sales, the real Estate well
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Speaker 1: creator Blueprint Key's to overcoming fear, lack of money, and
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Speaker 1: inexperience to possess real estate. Please work with the Money
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Speaker 1: Making Conversation Masterclass. Dexter B Jenkins. Now, Dexter, don't say
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Speaker 1: nothing now, but you got to tell me, how did
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Speaker 1: it feel to have the number one book on Amazon?
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Speaker 2: I would tell you, after all, it took me, are
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Speaker 2: you to write that book? So after twelve months of
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Speaker 2: work it felt good?
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Speaker 1: Okay, Now we talk about faith. Now, Now there was
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Speaker 1: a lot of prayer to that book that got you there,
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Speaker 1: a lot of a lot of writing and all.
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Speaker 2: It was a mixture of both so that you know,
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Speaker 2: the prayer faith that our works is dead. So it was.
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Speaker 1: Yes, sir, yes, ill not to get it done. Well,
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Speaker 1: congratulations man on having this book. And if you're ready
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Speaker 1: to get this interview started, I'm ready.
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Speaker 2: I'm ready.
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Speaker 1: You said a couple of things in the opening. I
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Speaker 1: want to jump right back into it. You know, overcoming fear.
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Speaker 1: You know, why did you have that? Because I got
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Speaker 1: that directly from the information you sent to me. It's
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Speaker 1: buying property, it's houses, there's lots that are empty. Why
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Speaker 1: would that be overcoming fear?
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Speaker 2: Well, because I think real estate is probably the in
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Speaker 2: most people's cases, is the is the largest purchase they're
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Speaker 2: ever going to make. You know, I don't care where
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Speaker 2: what you are. So if you're by me, I'm a
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Speaker 2: Boston mass Chusett man. The media and the house price
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Speaker 2: and mass Chusetts just went over six hundred thousand dollars,
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Speaker 2: So for the most part you're looking at I am
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Speaker 2: about to make a purchase for six hundred thousand dollars,
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Speaker 2: and maybe I've never done it before, and so that's
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Speaker 2: why I believe fear is the biggest thing you tell
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Speaker 2: people overcome and you overcome that through education, you overcome
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Speaker 2: that through networking and things that nature. And so that's
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Speaker 2: why we attack fear first, because if you can get
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Speaker 2: past the fear and purchase your first house, brother Sham,
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Speaker 2: I believe it is life changing.
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Speaker 1: Okay, cool. We know you're religious man. You have a church, yes,
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Speaker 1: and you know you speak to them and so faith
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Speaker 1: has a role in your life that every person may
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Speaker 1: not have. Okay, But so I have to bring that
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Speaker 1: up first because a lot of people are conflicted with
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Speaker 1: faith and business. And I remember I asked Jilanda Adams
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Speaker 1: about that, the difference between faith and business. She said, Richard,
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Speaker 1: there the one and the same. So when I have
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Speaker 1: to ask you, Dexter B. Jenkins, you ephasize the role
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Speaker 1: of faith in real estate and wealth creation. Can you
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Speaker 1: elaborate on how faith intersects with financial success based on
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Speaker 1: your experience?
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Speaker 3: What? What?
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Speaker 2: What? Will go back to what you know? You mentioned
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Speaker 2: Elanda Adams, who I've never met, but I know obviously
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Speaker 2: able and most people know who she is. Right, but
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Speaker 2: she's she's right on point in that the only the
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Speaker 2: only people who separated. Faith and money were for people.
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Speaker 2: God never did. So if you go to his manual,
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Speaker 2: which for us is the Bible, you know, but Jesus
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Speaker 2: spoke more on money than anything else. So from that perspective,
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Speaker 2: there's no difference. Now, I think a lot of times,
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Speaker 2: you know, there have been some misquoted scriptures, you know,
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Speaker 2: one Timothy chapter six, the money is the root of
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Speaker 2: all evil, which the scripture said, the love of money.
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Speaker 2: And then you know, you hear people talk about, you know,
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Speaker 2: what does a profit a man to gain the whole
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Speaker 2: world and losing soul and so and some of us,
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Speaker 2: and those are valid points. What God just wants you
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Speaker 2: to keep him first in everything that you do. So
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Speaker 2: if you keep him first, he has no problem. But
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Speaker 2: when you start talking about real estate, real estate is
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Speaker 2: a major theme in the Bible, starting in Genesis chapter one,
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Speaker 2: where we see God is the original developer. He looks
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Speaker 2: out there and he sees darkness, and then what he
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Speaker 2: does is he speaks lighter than he begins to. He spends,
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Speaker 2: he begins to develop. I love it. And then you
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Speaker 2: go and you look at you know, he was sending
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Speaker 2: Abraham to a land and then a promise and then
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Speaker 2: to Didjew they were going to a land, and so
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Speaker 2: there's a major theme in the Bible of the land,
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Speaker 2: and so I was just trying to pull that out
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Speaker 2: in the scripture from scripture in the book that you know,
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Speaker 2: God was the original developer, and that you know, there
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Speaker 2: should be no conflict with individuals with with them desiring
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Speaker 2: to own real estate and then you know, obviously desiring
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Speaker 2: to be spiritual on whatever left. Like obviously we said,
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Speaker 2: we're coming from a Christian STANCEPRT. Now you may have
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Speaker 2: people who may not, or you may not, even who
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Speaker 2: may not even you know, that's not an area of
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Speaker 2: their life that they tend to go after. But whatever
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Speaker 2: it is, if you're looking at your faith and even
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Speaker 2: your just your your basic belief system, I believe you
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Speaker 2: have to let people understand that it's okay to desire wealth.
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Speaker 2: And that's why that's why I love what you do,
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Speaker 2: because these classes are really getting people to think, Okay,
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Speaker 2: it's okay for me to do that, and as long
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Speaker 2: as I'm moral and ethical about it, it's all good.
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Speaker 1: Okay. Your book, The Real Estate Wealth Creator Blueprint, What
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Speaker 1: is the purpose of that title, The Real Estate Wealth
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Speaker 1: Creator Blueprint?
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Speaker 2: Well, because all success leaves clues, you know, you know,
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Speaker 2: and so there's a there's a blueprint that I followed.
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Speaker 2: You know, I'm a second generation real estate investor. My
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Speaker 2: dad was a was a guy who grew up in
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Speaker 2: a small town called Saint Stephen, South Carolina, and and
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Speaker 2: migrated up to New Haven, Connecticut, where he was a
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Speaker 2: barber for sixty years. But dad always taught me the
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Speaker 2: importance of owning where you live and owning where you
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Speaker 2: have your business.
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Speaker 1: Got it sub state?
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Speaker 2: Yeah, yeah, so that's real estate. So you know, the
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Speaker 2: house I grew up in, you know, from the time
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Speaker 2: I was eight to the time I still own now
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Speaker 2: because I inherited that house, we still own that. It's
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Speaker 2: a two families. There's another commercial property that he left
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Speaker 2: for me that he worked out of for part twenty
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Speaker 2: five years or so, and so, you know, so that
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Speaker 2: was my blueprint, and so what I desired to do,
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Speaker 2: and then my wife and I have followed suit. So
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Speaker 2: since twenty sixteen, I mean, we've been involved in millions
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Speaker 2: of dollars of real estate transactions. And so what we
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Speaker 2: have done is laid out the blueprint that I really
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Speaker 2: got from my dad and other successful people who have
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Speaker 2: leveraged real estate to build wealth.
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Speaker 1: Okay, as we build wealth, and like you already said that,
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Speaker 1: you know, the medium household calls in the Boston area
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Speaker 1: six hundred thousand dollars, right, that means that sometimes you
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Speaker 1: may not have the money, right, so you need to
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Speaker 1: team up. Let's talk about that team, Dexter. That's that team,
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Speaker 1: because you talk about it in the book. Because a
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Speaker 1: lot of people that's part of the fear too, like
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Speaker 1: you said, not being able to afford the dream. How
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Speaker 1: does one put that team together and moving forward so
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Speaker 1: it won't later on get into any arguments about you
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Speaker 1: owe me this, you owe me this, I did all
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Speaker 1: the work. Talk about that, Dexter.
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Speaker 2: Well, I will say this, there is no full proof
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Speaker 2: way to say things won't happen down the line, right,
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Speaker 2: you know, to think about marriage, you know, we all
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Speaker 2: come to the altar, you know, with the right mindset
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Speaker 2: of to death do us part, and then stuff happened,
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Speaker 2: you know. And so I just think in any time
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Speaker 2: when two people come together or even sometimes even more,
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Speaker 2: you can't guarantee that. But I do think what help
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Speaker 2: happens is if you could do some vetting on the
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Speaker 2: front end I found brother Seana. People who have gotten
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Speaker 2: in trouble with partnerships is this first. First of all,
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Speaker 2: let's go back to even to even some people are
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Speaker 2: even afraid to partner because for the most part, we've
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Speaker 2: been trained to work independently, and particularly at our people.
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Speaker 2: I'm talking about black and brown folk, and there's a
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Speaker 2: lack of trust there. But you recognize you can get
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Speaker 2: more done through partnerships. You know, you and I are
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Speaker 2: are building partnerships and talking and other people don't build
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Speaker 2: a partnership with Well, we can do more together, and
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Speaker 2: so you So you got to break through that fear
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Speaker 2: of partnerships even entering into it. And then when you
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Speaker 2: enter into a partnership, I believe the most important thing
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Speaker 2: you have to do partnerships, if you have you have
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Speaker 2: to have clarity who's doing what. So if I'm entering
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Speaker 2: into a real estate transaction, so maybe i don't have
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Speaker 2: the time, but I have the money, Well maybe I
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Speaker 2: don't have the money, but I got the time, or
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Speaker 2: I have the connections. And so I think, the clearer
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Speaker 2: you can be with who's gonna do what in your
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Speaker 2: partner ship and then watch this if things break down,
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Speaker 2: what do we do right, because that has to be
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Speaker 2: spelled out too, because obviously were going into a believing
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Speaker 2: it's going to work with just like a marriage. You know,
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Speaker 2: you you went down I believe it. You stood in
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Speaker 2: front of somebody like me and said I do and
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Speaker 2: you and when I said till death do you part,
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Speaker 2: you believed it. But then it didn't go like that way.
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Speaker 2: And so I think you have to you have to
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Speaker 2: have a contingency plan for when things don't go right,
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Speaker 2: and that has to be spelled out of writing.
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Speaker 1: Let me ask you this because I got that. You know,
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Speaker 1: I grew up with my parents did buy their first
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Speaker 1: homes or two bedroom shotgun house, and they sold that
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Speaker 1: and got a two bedroom house and still nine kids,
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Speaker 1: but we all got in there, you know. But it
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Speaker 1: was owned by my mom and dad owned it, owned
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Speaker 1: it real estate. That's why I want to keep saying
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Speaker 1: the word real estate because a lot of people are
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Speaker 1: confused about what exactly is real estate. And I guess
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Speaker 1: you said it from a biblical standpoint, dextra what real
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Speaker 1: estate is. But but break it down to people about
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Speaker 1: what is real estate? The vacant lot, the building in
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Speaker 1: the house. But I almost steal your thunder. But talk
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Speaker 1: about what is real estate?
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Speaker 2: Well you you you said to mean real estate, I
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Speaker 2: mean I brought it down to the to what you've
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Speaker 2: already said. It's a land. Now that is land. I
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Speaker 2: got to decide how I'm what am I gonna put
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Speaker 2: on the land. So it could be a that you said,
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Speaker 2: a two bedroom house. It could be a parking lot,
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Speaker 2: it could be it could be a shock, it could
10:28
Speaker 2: be a barn, so anything. So I define real estate
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Speaker 2: as this first of all land, and then you you
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Speaker 2: anything that you can put on it to monetize it. Right,
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Speaker 2: So so sometimes it's gonna be a three family house.
10:43
Speaker 2: Sometimes it's gonna be a sixth you sometimes it's gonna
10:45
Speaker 2: be a commercial property that you can put a major
10:49
Speaker 2: store in. And so anything that we can monetize, or
10:53
Speaker 2: sometime I sometimes the land I can I can farm it,
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Speaker 2: you know. So there's just a lot of different ways
10:58
Speaker 2: that you know that you own it.
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Speaker 1: And then is the key, And that's what the basis
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Speaker 1: of this book.
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Speaker 2: Owning it is the key. And then watch there's finding
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Speaker 2: out how to monetize because I know a lot of them,
11:08
Speaker 2: but I know a number of people who have things
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Speaker 2: but don't know.
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Speaker 1: How to monetize it, right, right?
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Speaker 2: And what good is it if you don't know how
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Speaker 2: to monetize it. So what I want to do is
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Speaker 2: I want to make sure brother Sean, two things happen
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Speaker 2: that when I have some land I put either I
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Speaker 2: learned how to monetize it, so it produces two things,
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Speaker 2: number one cash flow and number two appreciation.
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Speaker 1: Cool, Well, let's talk about that. Let's talk about some
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Speaker 1: of the common myths of mixed conceptions by real estate investing,
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Speaker 1: because I don't know what could be a misconception, you know,
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Speaker 1: But again, this is what you do, right, I'm an interviewer.
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Speaker 1: You are the subject matter expert. Please tell us what
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Speaker 1: misconceptions a myths that people run from, because I would
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Speaker 1: just tell you this. You know, we talk about faith,
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Speaker 1: we talk about fear, we talk about money. Okay, those
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Speaker 1: are the three things that if they don't come together,
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Speaker 1: if you don't overcome that fear, you don't have the money.
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Speaker 1: I don't care how much faith you have. Real estate's
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Speaker 1: not going to be purchased. So when you talk about
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Speaker 1: myths that are common and misconceptions, what are some of
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Speaker 1: them when it comes to investing in real estate?
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Speaker 2: I find the biggest one is that people think they
12:20
Speaker 2: need a lot of money to do it. Wow, that's
12:23
Speaker 2: the biggest one. And there are some programs. Actually, I
12:27
Speaker 2: was talking to my godson yesterday. He lives in the Virginia,
12:33
Speaker 2: DC area, and so he called me. He said, hey, Uh,
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Speaker 2: he said, hey, he called me uncle, Hey, Uncle, Dexter.
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Speaker 2: You know, I'm a I'm a veteran and uh, I
12:42
Speaker 2: got a v A loan that I haven't taken advantage of. Now,
12:45
Speaker 2: if you don't think about a v A loan, a
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Speaker 2: v loan, a v A loan allows you to get
12:48
Speaker 2: into a piece of property with no money down. And
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Speaker 2: he was saying, a lot of people, he said, a
12:55
Speaker 2: lot of my friends have taken advantage of the v
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Speaker 2: A loan and I'm trying to figure out how to
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Speaker 2: do it. And I said, and man, they're a lot
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Speaker 2: of ways. So I'm gonna walk them through that. But
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Speaker 2: my point being is a lot of times we haven't
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Speaker 2: even taken the time to do the research and find
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Speaker 2: out what what what can I get into a property for?
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Speaker 2: So that's on the side. But then there's also FHA
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Speaker 2: loans where you can get in for it as little
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Speaker 2: as three percent down, and they are lenders who will
13:18
Speaker 2: sometimes they will even give you the down payment. And
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Speaker 2: so the biggest thing I find is that most people
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Speaker 2: think that it takes tons of money to get involved,
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Speaker 2: and it doesn't. It just takes you thinking strategically. And
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Speaker 2: then number two, I believe in fact, actually number one
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Speaker 2: is this. It takes you believing it's possible. Right, that's one.
13:38
Speaker 2: Then number two it becomes now you you begin to
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Speaker 2: think strategically about, Okay, how am I gonna get this done? So?
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Speaker 2: Is it partnerships? Is it me looking at looking at
13:47
Speaker 2: grants and things that I can get involved in? Well,
13:49
Speaker 2: they well they will. Smaller banks, you know, a great
13:54
Speaker 2: resource for people in their communities is tapping into community
13:57
Speaker 2: banks because they a lot of time they keep they
14:03
Speaker 2: have what they call portfolio loans, and a portfolio loan
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Speaker 2: simply means that what they do is they have set
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Speaker 2: aside a certain amount of money that they're gonna lend
14:11
Speaker 2: out and they're going to keep it, They're not gonna
14:13
Speaker 2: sell it. And so what happens is that a lot
14:15
Speaker 2: of times they'll they'll be able to give you a
14:16
Speaker 2: lot more money for down payments, which will allow you
14:19
Speaker 2: to begin to invest.
14:20
Speaker 3: Please don't go anywhere. We'll be right back with more
14:24
Speaker 3: money Making Conversations Masterclass. Welcome back to the Money Making
14:33
Speaker 3: Conversations Masterclass, hosted by Rashan McDonald. Money Making Conversations Masterclass
14:38
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14:47
Speaker 1: Ye I'm talking to Dexter B. Jenkins. He's the author
14:50
Speaker 1: of his new book, The Real Estate Wealth Creative Blueprint.
14:53
Speaker 1: Now it's called balancing. Okay, you can go out there
14:56
Speaker 1: and just start buying, buying, buying what you have to
14:58
Speaker 1: realize that taxes come.
15:00
Speaker 2: With the lane, taxes, insurance, maintenance, all that is part
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Speaker 2: of the game.
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Speaker 1: Come on, now, come on, now, that's called balancing. You know,
15:11
Speaker 1: we don't want to just have people run out there
15:14
Speaker 1: thinking that all about this, about this, by this gotta
15:17
Speaker 1: be insured. You know, if you don't take care of
15:19
Speaker 1: the property, then guess what the neighborhood association might be
15:23
Speaker 1: coming after you, the city may be coming after you. Okay,
15:26
Speaker 1: how does one take that property? Especially, let's look at
15:29
Speaker 1: it if it's a real estate purchase of a home
15:32
Speaker 1: and turning that into an investment maybe a rental home
15:35
Speaker 1: property or buying up the block. Let's talk about a
15:38
Speaker 1: little bit about that, because that's how a lot of people,
15:40
Speaker 1: especially the African American, the people of color, are rising
15:43
Speaker 1: up in the economic ladder because they are making purchases
15:48
Speaker 1: of homes, flipping them or renovating them and turning them
15:53
Speaker 1: into monthly fees. They create income for them.
15:56
Speaker 2: Yeah. Yeah, but but I think that and that's there
16:00
Speaker 2: are a number of different strategies. So so some people
16:02
Speaker 2: do what you say. You know, I'm I flipped a
16:04
Speaker 2: number of houses my wife and that that was out
16:06
Speaker 2: and we still do. That was one of my main
16:08
Speaker 2: strategies getting started. Uh so we do have buy and
16:10
Speaker 2: whole properties where you know, we went and actually bought
16:13
Speaker 2: a property, uh two or three of them actually and
16:17
Speaker 2: you know, fix them up and then now we have
16:19
Speaker 2: rent off. And so if really, when I'm talking people
16:21
Speaker 2: about investing, you have to decide what you really want
16:25
Speaker 2: real estate investing to produce for you. That's number one.
16:28
Speaker 2: Number two, you got to decide do you want to
16:34
Speaker 2: and be an active investor or a passive investor? Now
16:37
Speaker 2: what's an active investor and an active investor someone who
16:40
Speaker 2: like myself who goes out and flips buys and holes
16:42
Speaker 2: and all that. A passive investor someone who look, I
16:45
Speaker 2: ain't got time for all that, they'll have time or
16:49
Speaker 2: the desire to do and so, but they have cash.
16:52
Speaker 2: And so what they'll do is they'll they'll they'll put
16:54
Speaker 2: money in someone's hands to go ahead and and and
16:57
Speaker 2: be an investor. And actually that's a phenomenal way for
17:00
Speaker 2: people who don't have a lot of time who listen
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Speaker 2: to us, Hey, look I want to get involved in
17:05
Speaker 2: real estate, but I don't have a lot of time.
17:07
Speaker 2: Maybe you know, they got maybe their high income earner
17:10
Speaker 2: doing whatever they do. Maybe they got family obligations, maybe
17:12
Speaker 2: they taking care of a parent or whatever. They don't
17:14
Speaker 2: have a lot of time in the ads, but they
17:16
Speaker 2: do have cash. And so what you can do is
17:18
Speaker 2: you can deploy your money in the real estate while
17:22
Speaker 2: you're doing those other things. Got it. So number one,
17:25
Speaker 2: I got to decide what real estate want, what I
17:28
Speaker 2: want real estate to produce. Me to the number two.
17:30
Speaker 2: I want to, you know, decide what I want to
17:32
Speaker 2: be active and passive. And then number three what I
17:34
Speaker 2: gotta do is I gotta decide what strategy I'm a
17:36
Speaker 2: user Am I gonna be one who fixing flips? Am
17:38
Speaker 2: I gonna buy it? Hole? Or I'm gonna help other
17:41
Speaker 2: people do it? You know. So it really just depends
17:44
Speaker 2: on what where you are. So there is no one
17:47
Speaker 2: set way of doing it. And this is what I believe.
17:49
Speaker 2: Sometimes you have to go one strategy and find out,
17:52
Speaker 2: you know what, I don't like this, you know you
17:56
Speaker 2: gotta do. I don't like this, so I'm gonna try this,
17:59
Speaker 2: you know. And so that that's what ivise people to do.
18:01
Speaker 2: You know.
18:02
Speaker 1: When I was reading the book, the book which is
18:04
Speaker 1: newly published, the Real Estate Wealth Creative Blueprint, financial literacy
18:08
Speaker 1: kept popping up, popping up, you know, because in the
18:11
Speaker 1: sense that that's important. I'm just telling everybody, we all
18:16
Speaker 1: want you to be wealthy, we all want you to
18:18
Speaker 1: buy real estate, but we don't want you to make
18:21
Speaker 1: a mistake. We don't want you to miss steps. Like
18:23
Speaker 1: you said, Rushan, I said taxes. You reminded me about insurance,
18:28
Speaker 1: you know, I say an insurance. You reminded me about property. Yes, okay,
18:33
Speaker 1: So it keeps moving along. Before we get to financial literacy,
18:38
Speaker 1: the word mentorship are mentoring pops up because again I'm
18:44
Speaker 1: a pretty smart, dude. I've been very successful. But even
18:48
Speaker 1: in this interview I forgot some things. How important is
18:51
Speaker 1: mentorship and you talk about it in your book in
18:55
Speaker 1: the Blueprint.
18:57
Speaker 2: It's priceless, meaning everything in every everything you've accompised, everything
19:02
Speaker 2: I've accomplished has been because I've had mentors. So so
19:08
Speaker 2: so whether it's an official mentor so sometimes it's a book.
19:11
Speaker 2: So it doesn't necessarily mean I even know you personally.
19:14
Speaker 2: I may have never met you, but I've I read
19:15
Speaker 2: your book. I'm entering into a mentoring relationship, meaning there's
19:20
Speaker 2: an exchange of information that helps me to grow correct.
19:24
Speaker 2: So but but I mean I've I've had paid mentors,
19:27
Speaker 2: I've had unofficial mentors. You know, you and I beguild relationship.
19:30
Speaker 2: I mean, so you're certain as a mentor man in
19:31
Speaker 2: respects to me and in this media stuff, you know,
19:34
Speaker 2: And so it's just in anything in life. I mean,
19:38
Speaker 2: I'm my my background, the brother Sean is that of
19:40
Speaker 2: an athlete. See I look at mentoring and it's like coaching.
19:44
Speaker 2: I was a basketball player, so every so every team
19:47
Speaker 2: I played on, there was like what a coach? And
19:49
Speaker 2: so the coach was the one who was instructing us
19:53
Speaker 2: and teaching us on how to do what we need
19:55
Speaker 2: to do in order to reach whatever goal we need
19:57
Speaker 2: to reach. So and this money make in real estate thing.
20:02
Speaker 2: The reason why I talk so much about financial literacy
20:05
Speaker 2: is because if you make it, the goal is to
20:08
Speaker 2: keep it right. It ain't just see because really what
20:14
Speaker 2: we want to do is we want to earn it.
20:16
Speaker 2: We want to keep it. Watch this, we want to
20:18
Speaker 2: pass it on right because we want this multi generational wealthing.
20:23
Speaker 2: You know, So why should every generation have to have
20:26
Speaker 2: to start over? I don't think that's the case. Well,
20:28
Speaker 2: if we teach people how to become financially literate, right, so,
20:32
Speaker 2: it allows them to be able to not know, only
20:34
Speaker 2: to enjoy it for themselves. But how can we enjoy
20:37
Speaker 2: this thing two and three and four and five generations
20:39
Speaker 2: down line? So many many, many many years from now,
20:42
Speaker 2: when you and I are not here, our great great
20:44
Speaker 2: grandchildren are benefiting off of something that we did.
20:47
Speaker 1: Okay, well, now we've had a great conversation. You know,
20:49
Speaker 1: we're promoting your book, and the book is to create
20:53
Speaker 1: a blueprint and it's about real estate. Now, young people,
20:57
Speaker 1: old people, let me tell you something. If you're fifty,
21:00
Speaker 1: please listen to this conversation. If you're sixty, please listen
21:02
Speaker 1: to this conversation. If you seventy, please listen this conversation.
21:05
Speaker 1: We're talking to YouTube. We're not just talking to twenty
21:08
Speaker 1: year old and thirty old and forty old people. The
21:11
Speaker 1: opportunity to still build your wealth and also create a
21:16
Speaker 1: foundation that you can pass to your relatives, pass to
21:21
Speaker 1: your your peer group. It's important that you understand that
21:25
Speaker 1: there's never too late to get in the real estate game.
21:27
Speaker 1: But but, but, but there's always a butt in this conversation.
21:31
Speaker 1: You can be overwhelmed getting into the real estate game.
21:36
Speaker 1: And you talk about that in your book, and I
21:38
Speaker 1: think that's very important, is to how do you get
21:42
Speaker 1: in dexter and not be overwhelmed.
21:46
Speaker 2: Well, it starts with education. You know when I'm not
21:50
Speaker 2: for me because I've grown up around my dad was
21:53
Speaker 2: my first mentor. I wouldn't have called him that, but
21:55
Speaker 2: just looking at his life, he was and then out
22:00
Speaker 2: of searching the other mantons. And one of the things
22:01
Speaker 2: I talked about in the book is there's something called READS,
22:05
Speaker 2: which stands for real estate or social is excafely right now.
22:08
Speaker 2: But our EI a you can look it up in
22:10
Speaker 2: your in your local area. There are tons of them,
22:13
Speaker 2: and you know, they are local meetings that you could
22:15
Speaker 2: go to for Some have feeds, some don't, and you
22:18
Speaker 2: can just go and start sitting in and getting the education.
22:21
Speaker 2: You can pick up a book, you know, like obtusly
22:24
Speaker 2: pick up my pick up my book. You know, so
22:28
Speaker 2: for this nineteen ninety sevenercent right now we have released
22:30
Speaker 2: it with it's some kindle right now, with another week
22:32
Speaker 2: or two re releases, release releases, but you know, so
22:36
Speaker 2: it starts with that process. And then get around some
22:42
Speaker 2: people who are doing that. You know, this is what
22:45
Speaker 2: I found, And this is one of the things one
22:47
Speaker 2: of the mistakes I think people don't make. Go find
22:51
Speaker 2: somebody who's doing what you're doing and offer to serve them.
22:54
Speaker 2: Say look, hey, I want to learn this real estate game.
22:57
Speaker 2: I know how to do X, Y and Z. Hey
22:59
Speaker 2: look I'll drive you around if you need, if need be,
23:02
Speaker 2: but I just need to be around so I can
23:05
Speaker 2: get a sense of how this thing works. And then
23:07
Speaker 2: once people get around it, you know, I just think
23:10
Speaker 2: after a point in time, you will In the book,
23:13
Speaker 2: one thing I talk about this thing called courage, I
23:15
Speaker 2: talk about courage being something that's cultivated and courages something
23:19
Speaker 2: that can be passed down. So you hang around courageous people,
23:22
Speaker 2: it rubs off on you.
23:24
Speaker 1: Wow. As we close out the interview, Dexter, you focus
23:28
Speaker 1: on creating general generational wealth. That's words, it's passed around
23:31
Speaker 1: the word generational wealth, and you can't get that work
23:36
Speaker 1: in affoord they all week job No, but you can't
23:40
Speaker 1: get it by what you are talking about in your book.
23:44
Speaker 1: Tell us how families can gain generational wealth. It is
23:48
Speaker 1: real estate. But follow your advice. That's why I have
23:51
Speaker 1: you on the shelf. Yeah, talk to us. Well.
23:54
Speaker 2: I think, first of all, let's look at generational wealth
23:57
Speaker 2: being more than just money. It's a lot of things.
24:00
Speaker 2: Now we're talking money because this is the topic. But
24:04
Speaker 2: I think the a wealthy mindset is something that needs
24:08
Speaker 2: to be passed down. First of all, that's the first thing,
24:11
Speaker 2: meaning that my dad passed that out of recognized, but
24:14
Speaker 2: he passed that down to me. I inherited that that
24:17
Speaker 2: was generational, but he got that from his father, you know.
24:20
Speaker 2: So I think the mindset first of all, and then
24:23
Speaker 2: as the mindsets passed down, then you begin brother Sean
24:25
Speaker 2: to find out the different avenues are doing it, because
24:29
Speaker 2: real estate is not the only avenue that do that.
24:31
Speaker 2: Some people don't do no real estate, but they have
24:33
Speaker 2: a business or some people have stocks. So it doesn't
24:36
Speaker 2: matter the asset class. You just need one, and you
24:39
Speaker 2: need one that will allow you to create this thing
24:42
Speaker 2: call leverage and talk a lot about my book about
24:44
Speaker 2: their power of the importance of having the leverage, because
24:46
Speaker 2: what leverage does. It allows you to make more money
24:48
Speaker 2: with less effort, and so more so, it's the mindset.
24:52
Speaker 2: It's the having the people come together to work together
24:56
Speaker 2: to get something done, and then now we can we
25:01
Speaker 2: can pass it on to the next generation. Now watch
25:04
Speaker 2: this because I heard bische Jake said. T Jake said
25:06
Speaker 2: this years ago. He said, it's not only important what
25:10
Speaker 2: you leave to them, it's also what you leave in them.
25:15
Speaker 2: So I don't want to leave my son and my
25:18
Speaker 2: grandson a whole bunch of money and they can go
25:20
Speaker 2: there and kill themselves because I haven't put the right
25:22
Speaker 2: morals in there and the right beliefs in them. You
25:26
Speaker 2: know what I mean. Because I am a pastor, I'm
25:28
Speaker 2: a usu. The scripture, he says in Proverbs chapter wanted
25:31
Speaker 2: to talk about prosperity ruins the fool right, So if
25:35
Speaker 2: somebody's foolish, their money would kill them, you know, And
25:38
Speaker 2: so it has to be a mixture of the right
25:42
Speaker 2: the materials. But then I also recognize that, hey man,
25:44
Speaker 2: there's some things there, some ways I got to teach
25:46
Speaker 2: you how to live so that this money don't kill you.
25:50
Speaker 1: Wow. As always, Uh, your book is fascinating from a
25:55
Speaker 1: standpoint of we drive around communities. We see open lots,
25:59
Speaker 1: we see running down houses, we see houses that we
26:01
Speaker 1: may feel we can never afford, but they all are
26:04
Speaker 1: real estate. And that's what this conversation from a Jump
26:08
Speaker 1: is about. Opening your eyes to financial gains that you
26:11
Speaker 1: are passing by every day. Get with your friends, get
26:15
Speaker 1: with your families, pool money and you can get into
26:18
Speaker 1: the game. And it's not a game that you can
26:21
Speaker 1: technically start by yourself. So to get that out your mind,
26:25
Speaker 1: you may need help. And help is through like you said,
26:28
Speaker 1: vetting people, everybody understanding, writing down in a contract, none
26:33
Speaker 1: of the handshake stuff. I'm talking about money. Get it
26:38
Speaker 1: right and you can start winning in the game of
26:41
Speaker 1: real estate. And in his book, The Real Estate Wealth
26:43
Speaker 1: Creative Blueprint, that's to be Jenkins. As usual, you give
26:47
Speaker 1: my show credibility. Money Making Conversations Master Class. Thank you
26:51
Speaker 1: for always coming on my show, Dexter, thank you for
26:53
Speaker 1: having me sir. This has been another edition of Money
26:57
Speaker 1: Making Conversations Master Class posted by me Rashon McDonald. Thank
27:01
Speaker 1: you to our guests on the show today and thank
27:03
Speaker 1: you for listening to the audience now. If you want
27:05
Speaker 1: to listen to any episode I want to be a
27:07
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