Latest / The Steve Harvey Morning Show / Rushion interviews Attorney and Real Estate Developer Diana Lynch. She handles sports, entertainment, business law, and family law cases involving divorce, child custody, child support, and property division, and we will discuss her historic 1000-acre golf resort purchase in the Dominican Republic.

Transcript

Rushion interviews Attorney and Real Estate Developer Diana Lynch. She handles sports, entertainment, business law, and family law cases involving divorce, child custody, child support, and property division, and we will discuss her historic 1000-acre golf resort purchase in the Dominican Republic. · The Steve Harvey Morning Show

0:04
Speaker 1: Welcome to Money Making Conversations.
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Speaker 2: experience firsthand by marketing and branding expert Rashan McDonald. I
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Speaker 2: Now it's time to hear from my man, Rashan McDonald
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Speaker 2: money making Conversations.
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Speaker 3: There's whether another day, another dollar, that's what they say.
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Speaker 3: Welcome to the Money Making Conversation Masterclass. I am your host,
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Speaker 3: Rashawn McDonald. Our theme is there's no perfect time to
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Speaker 3: start following your dreams. I say that every week. You know.
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Speaker 3: I think that if you keep saying something, then people
0:45
Speaker 3: will eventually hear it.
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Speaker 1: You know, it's like going by his store.
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Speaker 3: If a grocery store decided it will not have it
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Speaker 3: sign on, then you will stop going in. So they
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Speaker 3: come in to get service. I'm going to tell you
1:00
Speaker 3: or any day that this show airs. I'm going to
1:02
Speaker 3: tell you that the theme is there's no perfect time
1:06
Speaker 3: to start following your dreams. I recognize that we all
1:09
Speaker 3: have different definitions of success. For you, and maybe the
1:12
Speaker 3: size of your paycheck mine is inspiring you to accomplish
1:15
Speaker 3: your goals and live your very best life. Do you
1:17
Speaker 3: hear me? I know I'm preaching. I preach all the time.
1:20
Speaker 3: I preach because you know I speaking to the Black community.
1:24
Speaker 3: We're used to that cadence, that reverence. It's time to
1:28
Speaker 3: start reading other people's success stories and start living your own.
1:31
Speaker 3: That's preaching, But I'm not gonna go to that extreme
1:33
Speaker 3: because people always talk about you know that purpose. You know,
1:36
Speaker 3: people always talk purpose and gifts. You hear a lot
1:38
Speaker 3: about that and social media because you have a gift.
1:41
Speaker 3: Everybody has a gift, not gifts. A gift. Leave with
1:45
Speaker 3: your gift and don't let your friends. It's very important
1:48
Speaker 3: because there's a lot of people who have dreams that
1:50
Speaker 3: are not That doesn't line up with your with your family,
1:53
Speaker 3: may not line up with your friends, may not line
1:56
Speaker 3: up with your loved want, your parents, your coworkers, and
1:58
Speaker 3: guess what, they'll shut it down because they don't understand
2:02
Speaker 3: that direction. I remember when I left IBM. I had
2:05
Speaker 3: a great job at IM, but I told everybody wanted
2:07
Speaker 3: to be a stand up comedian. They tried to shut
2:09
Speaker 3: me down. Oh you go, You're gonna be the next
2:12
Speaker 3: Richard Pride. Huh really, Eddi Murphy, really, because those were
2:15
Speaker 3: the big names when I decided to leave IBM at
2:18
Speaker 3: the time, you know, there was a dream killers. I
2:22
Speaker 3: didn't listen to them. And my guests today are about
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Speaker 3: the American dream both of them. They're on the show
2:27
Speaker 3: today to let you know it can happen for you.
2:30
Speaker 3: One is a real estate developer. My first guest, listen
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Speaker 3: to me, heero, my first guest, this is a dreamer,
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Speaker 3: and I'm pretty sure people have told her this was
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Speaker 3: not going to happen in a lifetime. My first guest
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Speaker 3: has purchased nearly one thousand acres in the Dominican Republic
2:46
Speaker 3: for a golf result. Not in Georgia, not in Alabama,
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Speaker 3: not Mississippi, Dominican Republic. These are American dreamers. And I'm
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Speaker 3: pretty sure people out there killing your dreams and killing
2:58
Speaker 3: their dreams left and.
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Speaker 1: Right saying that's impossible. What Rashan is talking about well,
3:02
Speaker 1: guess what.
3:03
Speaker 3: Let's get money making conversation master class started and you're
3:06
Speaker 3: gonna hear the truth. My first guest is an attorney
3:09
Speaker 3: real estate developer, Diana Lynch. Attorney Lynch focused on her
3:13
Speaker 3: practice on family, sports, entertainment, and business law. She has
3:17
Speaker 3: over two decades worth of litigation experience and family law
3:21
Speaker 3: and holds a license in mediation and arbitration.
3:24
Speaker 1: There was a difference.
3:25
Speaker 3: I'm gonna ask her what it's the difference between mediation
3:27
Speaker 3: and arbitration cases involving divorce, child custody, child support, property
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Speaker 3: division all part of her specialization. We know there's a
3:37
Speaker 3: half of America gets married, turns around, gets a divorce.
3:41
Speaker 3: Possessing the right range of legal knowledge. She has also
3:44
Speaker 3: handled personal injury and other general civil litigation matters as
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Speaker 3: a real estate developer.
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Speaker 1: We will discuss her historic purchase.
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Speaker 3: I said it earlier of nearly one thousand acres in
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Speaker 3: the Dominican Republic for a golf result, but gets the
3:58
Speaker 3: text us up. This is what she really on the show.
4:00
Speaker 3: A primary purpose isn't just acquiring wealth for herself. It's
4:04
Speaker 3: inspiring the black community to take on more ownership. Please
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Speaker 3: work with the money making conversation Mastercline, Attorney Diana Lynch,
4:12
Speaker 3: How you.
4:12
Speaker 1: Doing, Hi?
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Speaker 4: How are you? Thanks for having me? Now?
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Speaker 1: Did I get you fired up? Attorney Lynch? Don't get
4:17
Speaker 1: you fired up? You got me.
4:18
Speaker 4: You got me fired up. I tell you, I just
4:21
Speaker 4: love it when people tell us that we could do
4:23
Speaker 4: things differently. We can live life differently, we could do
4:26
Speaker 4: things differently when I other than when our parents told us.
4:29
Speaker 4: I mean, if you start with where I began, you
4:31
Speaker 4: would I wouldn't even expect that I would be here,
4:33
Speaker 4: especially what everybody tells you. And I tell the gentleman
4:36
Speaker 4: I mentor. I mentor a group of gentlemen. I said,
4:38
Speaker 4: we'd never take no for an answer, And so that's
4:41
Speaker 4: one of the things I said, unless it's a woman,
4:43
Speaker 4: then even a maybe, it's a no. And you'll see
4:45
Speaker 4: the thousands of people that I touch and the fifty
4:48
Speaker 4: or more that I put through school in my nonprofit.
4:50
Speaker 4: That's what they'll know when they when I meet them
4:52
Speaker 4: and I see them on the street, I said, do
4:54
Speaker 4: we take no for an answer? They say no, unless
4:56
Speaker 4: it's a lady, and then even a maybe it's a no.
4:59
Speaker 4: So yeah, that's what I I tell them.
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Speaker 3: We turned to Lynch, you know, the first time we've spoken,
5:03
Speaker 3: and I was reading this press release because I always
5:06
Speaker 3: try to read and understand the persons, because I get
5:09
Speaker 3: information that the interview is about, and we're going to
5:12
Speaker 3: get to that if because what we're but I also
5:14
Speaker 3: want to know. When I was reading this press release,
5:17
Speaker 3: it said primary purpose isn't just acquiring wealth for herself.
5:22
Speaker 3: It's inspiring the black community to take on more ownership.
5:25
Speaker 3: What exactly you say in that, Well, the.
5:27
Speaker 4: Thing is, as a child, I grew up in Brooklyn,
5:30
Speaker 4: New York, in a pretty urban environment. One of the
5:34
Speaker 4: things we always aspired to do and was taught to
5:36
Speaker 4: do this to own the land, all right, nor because
5:40
Speaker 4: when you own the land, it comes with it quite
5:43
Speaker 4: a bit of one responsibility, opportunity. Legacy land historically does
5:49
Speaker 4: not lose value in the stock market as of investment
5:52
Speaker 4: stock market. I was told to put money in the
5:54
Speaker 4: stock market and do various other things, and I have historically,
5:58
Speaker 4: after Niles and various other times, lost a lot of
6:03
Speaker 4: money in the stock market. And what my financial advisor
6:06
Speaker 4: will tell me is just stay in it. It's gonna
6:07
Speaker 4: come back. And just as it comes back, we got
6:10
Speaker 4: Ukraine and Russia fighting and all the way around the world.
6:12
Speaker 4: And now we you know, our president might say so,
6:15
Speaker 4: our former president may touch something our line, and then
6:18
Speaker 4: our stock market, our stocks go down. So so many
6:20
Speaker 4: other things affect our portfolio other than what we can
6:24
Speaker 4: tangibly do. What can if it makes you feel helpless,
6:28
Speaker 4: And one of the things that owning land does, you
6:31
Speaker 4: can make strategic decisions based on market forces, appreciation and
6:36
Speaker 4: land land appreciates, and even in both markets and various
6:39
Speaker 4: other things, they tell you invest in land. Many you
6:42
Speaker 4: follow the money where where are the others investing their money?
6:46
Speaker 4: And as a young adult entering the legal profession, right
6:51
Speaker 4: after losing quite a bit in the stock market, I said,
6:53
Speaker 4: well work, I need to. I made the decision. Wasn't
6:56
Speaker 4: popular to pull my money out, and I needed to
6:58
Speaker 4: put it somewhere because I needed to work for myself
7:00
Speaker 4: as a lawyer. The fortunate and unfortunate thing is that
7:03
Speaker 4: you get paid when you when you work buillable hours. However,
7:06
Speaker 4: I wanted something that was passive where I would be
7:09
Speaker 4: making money even when I was not there, and real
7:11
Speaker 4: estate was the answer for me. So I started investing
7:14
Speaker 4: in properties around university campuses, various other things, so I
7:17
Speaker 4: get a premium on my rental income. I looked at
7:19
Speaker 4: where the trajectory was. I didn't want to just invest
7:23
Speaker 4: in markets where it had already reached the peak of performance.
7:27
Speaker 4: In fact, I told a story on another popular talk
7:31
Speaker 4: show recently, and I said, I was in a meeting
7:33
Speaker 4: with brand brand manager hotel operator because we're at that
7:37
Speaker 4: stage where we have made some decisions with partnerships with
7:42
Speaker 4: major brands, our hotel brands. And I was at the
7:44
Speaker 4: meeting and I was the only one that looked like
7:47
Speaker 4: me at that meeting, and I was told he said,
7:50
Speaker 4: many of us don't want to drink the water until
7:52
Speaker 4: it was cold. And I didn't understand what he meant,
7:55
Speaker 4: because you know, you know how we do. We said,
8:02
Speaker 4: expound on that, and I allow him to do just that, right,
8:06
Speaker 4: because sometimes it's better to be quiet and learned and
8:08
Speaker 4: to talk and let people know what you are.
8:10
Speaker 1: Right.
8:11
Speaker 4: So he simply said, we don't want to come to
8:14
Speaker 4: something until is shiny on to the water's cool, until
8:17
Speaker 4: after it's been develop and it's come out of the ground.
8:19
Speaker 4: And unfortunately, we are not often as a people, the
8:23
Speaker 4: culture at the table when these opportunities happen. So while
8:26
Speaker 4: we whiley, while they may say we don't want to,
8:29
Speaker 4: it's because a lot of times we have not been
8:31
Speaker 4: afforded the opportunity to come to And I can give
8:33
Speaker 4: you many differentations.
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Speaker 3: You know, you're absolutely telling the truth. You know you
8:39
Speaker 3: know and I understand exactly what he's talking about. We
8:41
Speaker 3: always come back once the buildings built, not understanding you
8:45
Speaker 3: could have bought the land before the building was built.
8:48
Speaker 3: And we look at we drive through these neighborhood especially
8:51
Speaker 3: our neighborhoods that are run down, not knowing that. I
8:54
Speaker 3: have a very successful brother in law in Houston, and
8:58
Speaker 3: he would go into our neighborhoods and he will see
9:02
Speaker 3: run down houses and he'll go to a block. And
9:04
Speaker 3: the city is all about any city, it's any city
9:07
Speaker 3: in the country. They're about trying to raise tax dollars.
9:10
Speaker 3: So if you're going to tell them that you're going
9:13
Speaker 3: to tear down all these houses on this block, which
9:15
Speaker 3: means you can get them, you can get these home
9:17
Speaker 3: penny on a dollar now, okay, because people living in
9:20
Speaker 3: them really aren't in a position to be able to
9:25
Speaker 3: argue the price when you offer it to them. And
9:27
Speaker 3: then the city will offer you concessions. Then you build
9:30
Speaker 3: that neighborhood back up, and all of a sudden, that
9:32
Speaker 3: means that other people are getting get moved out?
9:34
Speaker 4: Is it?
9:35
Speaker 3: Because then all of a sudden we have our local
9:37
Speaker 3: politicians arguing that we've moved our black community, we disenfranchising people.
9:41
Speaker 3: You know, gentrification are when that happens? Are we victims?
9:48
Speaker 1: Are? We're just not aware. I'm talking about the black community.
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Speaker 4: Absolutely. I think we're missing at the opportunity right so,
9:56
Speaker 4: and I know exactly what you mean. I have a
9:58
Speaker 4: property downtown Atlanta was on the first I was the
10:00
Speaker 4: only law firm in Mechanics Fille sub community in downtown Atlanta,
10:05
Speaker 4: the closest community to the Capital of prime property right
10:08
Speaker 4: but it had been underdeveloped. It's often been the place
10:11
Speaker 4: where they placed a lot of Section AID in low
10:14
Speaker 4: income housing, and it was I made the decision that
10:18
Speaker 4: that was an opportunity for me to move my law
10:21
Speaker 4: practice there. Now I represent a lot of high end
10:23
Speaker 4: entertainers and clients. And they frowned upon it because I
10:27
Speaker 4: left Atlantic Station, which is a thriving area, paying eight
10:30
Speaker 4: thousand dollars a month for someone else to benefit financially,
10:34
Speaker 4: and I said, I need to get somewhere where I
10:35
Speaker 4: can own so when I pay that bill, it's going
10:38
Speaker 4: to benefit me in the long run. And what I did.
10:41
Speaker 4: I acquired one property, and then another, and then another,
10:43
Speaker 4: and after a while I was sitting on a city block.
10:46
Speaker 4: And right now we're developing what is called Signature Atlanta,
10:49
Speaker 4: which is one of the They called us the unicorn
10:52
Speaker 4: and the real estate digests in downtown Atlanta because we're
10:55
Speaker 4: one of a kind. We'll be a five story mixed
10:59
Speaker 4: use community where you have your commercial space at the
11:02
Speaker 4: bottom rooftop terraces. Now, that was a property in an
11:06
Speaker 4: area that had been underserved and not everything's coming to us.
11:09
Speaker 4: The belt line, the bike bike relayed all the things
11:13
Speaker 4: that are coming, and we had I was there before
11:15
Speaker 4: it got before the water got cold. And that's how
11:18
Speaker 4: it's been absolute.
11:20
Speaker 3: Let me tell you some doctor Lynch. When I when
11:21
Speaker 3: I I turned to Lynch, you, I apologize. I turned
11:24
Speaker 3: Lynch when I when I hear you, I hear all
11:26
Speaker 3: this confidence. You know you, I mean you one after one,
11:29
Speaker 3: one sentence after the next, follows follows follows. Because you
11:33
Speaker 3: you you understand who you are. You understand your brand,
11:36
Speaker 3: because you have a brand. How did how did that
11:39
Speaker 3: journey get you there?
11:41
Speaker 5: What?
11:41
Speaker 1: What? What? What?
11:42
Speaker 3: Who mentored you? Who told you that could it could happen?
11:46
Speaker 3: And when you went, when they said ready to say go,
11:48
Speaker 3: you were ready to go?
11:50
Speaker 4: You know what? Ideally, you know, I've had many mentors,
11:53
Speaker 4: my friends I've had. I have a unique group of
11:55
Speaker 4: friends who, like myself, came from nothing, and we just
12:00
Speaker 4: we aspire to want something for ourselves. And much of
12:03
Speaker 4: my motivation is to want differently for my family. I
12:05
Speaker 4: don't even want it for myself. I just wanted to
12:08
Speaker 4: make sure that I would be in a position to
12:10
Speaker 4: better my family's human condition. And that's what that legacy
12:13
Speaker 4: we talk about. And so while I don't have children,
12:15
Speaker 4: I've raised many, And while you know, while I didn't
12:18
Speaker 4: have anything in the beginning, I was determined that each
12:21
Speaker 4: day I was going to try to find something to
12:23
Speaker 4: better my human condition. And so I saw out people
12:27
Speaker 4: who were doing things that I wanted to do. If
12:29
Speaker 4: you're the smartest person in the room, you're in the
12:31
Speaker 4: wrong room. And so you definitely need to make sure
12:34
Speaker 4: you're around people who can can educate you and inspire
12:37
Speaker 4: you and support you, and so not just even for
12:41
Speaker 4: my financial respective and support you morally and socially and religiously.
12:45
Speaker 4: And so I've been blessed to have a group of
12:48
Speaker 4: people who travel with me since college at university to
12:51
Speaker 4: you know, just being in Atlanta. Were still my barbecue class.
12:55
Speaker 4: We still hang out together and we are just We're
13:00
Speaker 4: just a group of people who want to be better
13:02
Speaker 4: and we know what we aspired to. So while I
13:04
Speaker 4: didn't have anybody, and I want people to understand, while
13:07
Speaker 4: it hasn't been done in your family before, that should
13:10
Speaker 4: even motivate you even more to be a trail based brollizer,
13:13
Speaker 4: be the unicorn in your family. I call myself the
13:16
Speaker 4: unicorn because it's it represents strength and purity and want
13:21
Speaker 4: of a kind uniqueness, and those are the kinds of
13:24
Speaker 4: things that I strive to be. Is a trailblazer, Anic
13:29
Speaker 4: doesn't dictate.
13:30
Speaker 3: Yeah, you know, I'm about to jump through this. This
13:34
Speaker 3: my girl, I'm about I'm about to.
13:35
Speaker 4: Dive on in.
13:36
Speaker 6: I'm in.
13:36
Speaker 3: I'm in your fan club. I'm into the attorney ledch
13:40
Speaker 3: fan club because of the fact that you know, I
13:43
Speaker 3: just love and enjoy people who come on my show
13:47
Speaker 3: who just when you know when you get near them,
13:50
Speaker 3: you're near a unique thinking person, a very unique thinking person.
13:55
Speaker 5: We'll be right back with more Money Making Conversations Masterclass
13:58
Speaker 5: with Rashaun McDonald. You are now tuned into the Money
14:03
Speaker 5: Making Conversations Minute of Inspiration with Rashaan McDonald.
14:07
Speaker 3: Tamauri to star our family Reunion, recall spending years being
14:11
Speaker 3: incorrectly treated for her debilitating abdomino pain. This experience inspired
14:16
Speaker 3: Tia to sell healthy vitamin supplements.
14:19
Speaker 6: I decided to come out with a supplement line called
14:21
Speaker 6: Answer to encourage and to inspire women to take back
14:25
Speaker 6: in charge of their health. It's called Answer, insinuating you
14:30
Speaker 6: are the Answer. And after my surgeries with indometriosis, my
14:34
Speaker 6: doctor was like, yo, Tia, there's nothing I can do.
14:36
Speaker 6: You kind of have to start looking at your lifestyle.
14:38
Speaker 6: And that's exactly what I did, and I want to
14:40
Speaker 6: encourage other women and people to do the same. We
14:43
Speaker 6: have a women's multi, we have an Elderberry, we have
14:46
Speaker 6: a kid's gummy, we have a men's line. We're going
14:48
Speaker 6: to be coming out with several other amazing supplements.
14:53
Speaker 3: If you want to hear this full interview with Tiamauri,
14:56
Speaker 3: visit Moneymakingconversation dot Com.
14:58
Speaker 1: Keep winning.
15:00
Speaker 5: Now let's return to Money Making Conversations Masterclass with Rashaun McDonald.
15:06
Speaker 3: When people have told you no, like you said at
15:08
Speaker 3: the beginning of this interview, no, maybe no, but I
15:10
Speaker 3: guess what. No, it's not gonna turn me around and
15:13
Speaker 3: have bring tears to my eyes. It's gonna tell me
15:16
Speaker 3: I got to take it from a different angle to
15:18
Speaker 3: get the yes I'm trying to achieve out of his
15:20
Speaker 3: relationship fear.
15:21
Speaker 1: Let's talk about fear.
15:22
Speaker 3: How did you overcome fear in dealing with every day?
15:27
Speaker 1: Knows?
15:29
Speaker 4: Well? You know, I encounter fear every day. You know,
15:32
Speaker 4: things that are new to me, and I always believe
15:35
Speaker 4: in transparency. Let's be real. You gonna see things and
15:39
Speaker 4: encounter things that you haven't experienced before. So that's going
15:41
Speaker 4: to create a little bit of anxiety for you. But
15:44
Speaker 4: you got to know that God is to give you
15:47
Speaker 4: the spirit of fear. So you have to understand that
15:49
Speaker 4: whatever He brings you to, he'll bring you through. And
15:51
Speaker 4: so while that door may close, that's because He has
15:54
Speaker 4: a better one for you. And that's what happens repeatedly
15:57
Speaker 4: as we developed our resort in Dominican re public. We
16:01
Speaker 4: did not stop at the fact that we're the only
16:04
Speaker 4: African American development firm that was down there developing, and
16:07
Speaker 4: so we did not try to just do, oh we
16:09
Speaker 4: can we can together do four houses and just build
16:12
Speaker 4: it and sit on it for ourselves. We wanted to
16:14
Speaker 4: make sure that we create something so when we have
16:17
Speaker 4: our conferences and our Manster's venue, we don't have to
16:21
Speaker 4: go someplace where we're only welcomed the months out of
16:24
Speaker 4: the year and leave thousands of dollars. We can actually
16:27
Speaker 4: benefit from the fact that we actually can acquire something.
16:30
Speaker 4: We can build a legacy for our families. We can
16:32
Speaker 4: have our conferences and conventions. We can recreate a Manster's
16:36
Speaker 4: vineyard on our own land and land that was settled
16:38
Speaker 4: by apples and by laws.
16:40
Speaker 3: I was not mistaken when I said, doctor Lynch, she's
16:46
Speaker 3: peddling that medicine, that medicine of inspiration, that medicine of motivation.
16:50
Speaker 3: She's the attorney by law, but she's a medicine, she's
16:54
Speaker 3: a healer, she's a motivator. Somebody who can go to
16:57
Speaker 3: another country and buy one thousand acres in a country's
17:02
Speaker 3: dominic in public republic a turn to Lynch, the floor
17:05
Speaker 3: is yours.
17:07
Speaker 4: Well, thank you again for the opportunity to speak to
17:09
Speaker 4: your audiences. Because when I want to do more than
17:11
Speaker 4: anything is inspire ourselves get out of our own way. Okay,
17:15
Speaker 4: many people say I've been taught buy your home, develop equity,
17:20
Speaker 4: pay it off right. That is just not a good
17:24
Speaker 4: financial strategy when you're talking about you know, you have
17:27
Speaker 4: a million, two hundred, especially in this market, thousands of
17:30
Speaker 4: dollars in your home. But you then when you need money,
17:33
Speaker 4: you leverage commercial debt where interest rates are hire, et cetera. Certainly,
17:37
Speaker 4: don't overprice yourself. Get get there. There is a way
17:40
Speaker 4: to attach equity that you have in your home, and
17:43
Speaker 4: oh so many other ways where you say, well, look
17:45
Speaker 4: I just got a home. I don't have the ability
17:47
Speaker 4: to buy abroad and do all this, but you do
17:50
Speaker 4: because you have the ability. One. You may have equity
17:52
Speaker 4: in your home. You may have assets that are underperforming
17:55
Speaker 4: in the stock market. You may have a family or
17:58
Speaker 4: people say family office, but we all have familys. We
18:01
Speaker 4: have families. We can get together to take a trip
18:03
Speaker 4: or spend ten thousand dollars in Marth's vinyard, or to
18:06
Speaker 4: get together to get a boy's trip, but we don't
18:08
Speaker 4: have ten thousand dollars to pool together to collectively purchase
18:12
Speaker 4: our locks. Initially started at fifty thousand, they're now one
18:15
Speaker 4: hundred and seventy thousand and a half acre. If someone
18:18
Speaker 4: had gotten in there, they could have taken he and
18:20
Speaker 4: his boys and gotten a lot and then have an
18:23
Speaker 4: opportunity to either flip that at some point and make
18:26
Speaker 4: appreciate well above what the market's doing, or to hold
18:29
Speaker 4: and have an opportunity to build and build a short
18:31
Speaker 4: term rental income where if you're talking about a short
18:35
Speaker 4: term airbnb is the binnacular term for it, but it's
18:38
Speaker 4: short term rental. If you have that in downtown Atlanta
18:42
Speaker 4: or in some places, yes you make one hundred dollars
18:44
Speaker 4: a night. But what happens if you have that same
18:46
Speaker 4: property in the Dominican Republic Insamana, which is known for
18:51
Speaker 4: its being the Martians Vineyard of the dr this area
18:54
Speaker 4: that's preserved and reserved for US land with beautiful waterfalls
18:58
Speaker 4: and beaches and BURI. So I think, what how much
19:01
Speaker 4: you think you can get that for? And then when
19:02
Speaker 4: you see a resort that has an eighteen hole golf
19:05
Speaker 4: course that has an opportunity to have an amphithea or
19:08
Speaker 4: sports facility all that. How much you think you're going
19:11
Speaker 4: to get for that a month and can I'm perhaps
19:14
Speaker 4: lease that out enough so that I can be able
19:16
Speaker 4: to have it pay for itself, pull out a week
19:18
Speaker 4: or two when I want a vacation with my family,
19:20
Speaker 4: but still have it to create generational wealth. That's the formula,
19:24
Speaker 4: because you can get in low enough and we still
19:26
Speaker 4: have opportunities not only to buy, but for investment opportunities.
19:30
Speaker 4: Because as you indicate it, yes, we've taken down quite
19:33
Speaker 4: a bit of property on the contract with and purchased
19:36
Speaker 4: various acres of land, but there's so many other key
19:39
Speaker 4: parcels that with the right partnerships, we can take down
19:43
Speaker 4: that whole region. And so what we are doing is
19:45
Speaker 4: being purposeful. The land was originally settled by emancipated Americans
19:50
Speaker 4: in eighteen twenty four that settled there. The Dominican government
19:53
Speaker 4: has been very receptive to having us there. And even
19:56
Speaker 4: those individuals that sold this to the land, they said
19:59
Speaker 4: they were coached by other groups. Canadians, are Europeans, various
20:04
Speaker 4: other things, and they did not sell to them. They
20:06
Speaker 4: said when they when my kind of parts. Sat at
20:09
Speaker 4: the table, they said, We've been waiting for you, and
20:11
Speaker 4: they wanted to sell to America. There is a connection
20:15
Speaker 4: between that community. They're educated there many one of them
20:19
Speaker 4: is a judge in King's County, New York and where
20:22
Speaker 4: I'm from, and so those original descendants of this land,
20:26
Speaker 4: so where they believe in education and so many other things.
20:29
Speaker 4: We need to invest our dollars where they want our
20:32
Speaker 4: dollars and where we can grow and build generation away.
20:35
Speaker 3: You know, it's really important people to hear this because
20:37
Speaker 3: it's so difficult the not only just purchase landing in
20:41
Speaker 3: the United States, but when you go to another country,
20:44
Speaker 3: it's even more difficult. Can you walk through some of
20:46
Speaker 3: the steps that you have to go through, the considered
20:48
Speaker 3: and some of the paperwork, not to revealing the whole process,
20:51
Speaker 3: but I just want people to wrap there. You know,
20:54
Speaker 3: you know, you get you get angry upset when you
20:56
Speaker 3: see this big, old, thick piece of clothes eyed paperwork
20:59
Speaker 3: that you got to sign signing papers and you know
21:01
Speaker 3: why you sign it, but you just try to get
21:02
Speaker 3: that home. It had to be really mind boggling to
21:06
Speaker 3: go into the Dominican Republic, and I'm pretty sure. Your
21:09
Speaker 3: acres just kind of grew. You know, you started this
21:11
Speaker 3: parcel and then another opportunity is being offered. Did you
21:14
Speaker 3: start out nearly a thousand acres or you started with
21:17
Speaker 3: a small amount and you start building.
21:19
Speaker 4: Absolutely not. We originally had a kind of part that
21:22
Speaker 4: had been building forty two condominiums. They still have those,
21:25
Speaker 4: they have they've sold out half of that condominium complex.
21:29
Speaker 4: So they originally started there. They introduced us to this
21:32
Speaker 4: particular expanded land because our kind of parts wanted a
21:37
Speaker 4: golf course. They said, look, we need a golf course,
21:39
Speaker 4: and it's not a golf course over here. And because
21:42
Speaker 4: of that, what you would instinctively say is, look, that's
21:45
Speaker 4: kind of a reach, right, we just want these forty
21:48
Speaker 4: two condoms rights, right, But what you have to do
21:51
Speaker 4: you can't talk yourself out of something, right, because what
21:54
Speaker 4: God has for you is for you. And what we
21:56
Speaker 4: were able to do is leverage the relationships that we have.
22:00
Speaker 4: You want to make sure you have appropriate legal counsel
22:02
Speaker 4: on the ground. Don't start doing the underhand and I
22:06
Speaker 4: got to pay play. That's not really has that's not
22:08
Speaker 4: how it has to be done. Do it right. Make
22:10
Speaker 4: sure you have permits. We have permits. We didn't. We
22:13
Speaker 4: certainly could have built quickly and sold without permits and
22:17
Speaker 4: done our sold with before we even started building. We
22:20
Speaker 4: didn't do that. We're doing it the right way. Our
22:22
Speaker 4: American developers who are familiar with developing in the US
22:26
Speaker 4: and some of my counter process are familiar with developing
22:28
Speaker 4: throughout the world. But what we also did is we
22:31
Speaker 4: leveraged the relationships of experts right because you know, we
22:34
Speaker 4: got to bring back excellence because we as a people
22:37
Speaker 4: expect that of ourselves. We're real skeptical of our own
22:40
Speaker 4: unfortunately and regrettably, and that also gets in our way.
22:42
Speaker 4: But that's another conversation. But what we did is we
22:45
Speaker 4: leverage experts who have done it before, who have had
22:48
Speaker 4: forty fifty years of resort development. In Lakala, Fiji, our
22:52
Speaker 4: design team has developed Red Bull Island for the owner
22:56
Speaker 4: of Red Bull. I mean they have five star properties
22:59
Speaker 4: under the belt. You get those people, you make sure
23:01
Speaker 4: you get the right team. You make sure you have
23:03
Speaker 4: appropriate legal counselor. For everything we had in DR, we
23:06
Speaker 4: had in the US. So if we had a tax
23:08
Speaker 4: advisor in DR, we had a tax divisors were in
23:10
Speaker 4: the US. We had a civil engineer in the DR
23:13
Speaker 4: We had our civil engineers in the US, and then
23:16
Speaker 4: you have them to match up with each other. Make
23:19
Speaker 4: sure the standards are that of what we expect as
23:22
Speaker 4: Americans as far as the build and you want, you
23:25
Speaker 4: make sure that you have you don't rush you know
23:29
Speaker 4: the people. That's the thing that I think benefited us,
23:31
Speaker 4: these people who have have worked with us. I've been
23:33
Speaker 4: a lawyer in Atlanta for thirty years. I've retired, Thank goodness.
23:38
Speaker 4: I've retired because I got tired of tearing down things, mergers, acquisitions, families,
23:43
Speaker 4: those sorts of things. And now I'm building. And so
23:45
Speaker 4: this is the place that I can wrap my head
23:47
Speaker 4: and my faith around because I'm building something that that
23:51
Speaker 4: builds up families.
23:53
Speaker 3: Somebody jumped on the line or like you gotta find
23:56
Speaker 3: up here, attorney LEDs Okay, and I want to just
23:59
Speaker 3: point that out. This is an all black investment group
24:01
Speaker 3: that's involved in this purchase.
24:02
Speaker 1: Correct.
24:03
Speaker 4: Yes, we're We're a bunch of developers that have actually
24:07
Speaker 4: developed many properties like my my property, downtown Atlanta, Signature
24:10
Speaker 4: Atlanta that mix use communities coming out. We're building here,
24:14
Speaker 4: We're building there. We have we congratulations and la property.
24:18
Speaker 3: Yes, Diva, you're on the line here speaking to ra
24:22
Speaker 3: Sean mcdonaland Money Making Conversation master Class, as well as
24:25
Speaker 3: the turn Oh.
24:26
Speaker 7: Yes, yes, yes, yes, yes yes. How are we doing?
24:28
Speaker 7: How are we doing? God bless sto blessed.
24:31
Speaker 5: Wow.
24:32
Speaker 7: I'mlike super super excited. Rashaan, thank you so much. I
24:36
Speaker 7: love your show. I've been listening to you for about
24:39
Speaker 7: two years now. I've learned so much from you and
24:43
Speaker 7: your guests. God bless you. I appreciate you and doctor Lynch. Oh,
24:48
Speaker 7: miss lady, and let me tell you this is Today
24:51
Speaker 7: has been a day that I've been getting confirmation. First
24:55
Speaker 7: of all, I'm gonna go be bake investors. I am
24:59
Speaker 7: still okay keeping it transparent. I'm new, but I've been
25:04
Speaker 7: dabbling over twenty years, Okay, I look forward to twenty
25:07
Speaker 7: years and right now I have my company and my
25:11
Speaker 7: business my LLC is called Breakthroing Overflow, and I want
25:15
Speaker 7: to invest in and develop homes, push group homes for
25:23
Speaker 7: group homes to get back. I'm a veteran, I've been homeless.
25:26
Speaker 7: But really, what I would like to do, I really
25:29
Speaker 7: would love to know as a as a new investor
25:34
Speaker 7: and doing what you're doing. I actually just invested in
25:37
Speaker 7: my first true investment property in Panama and wherever I
25:42
Speaker 7: go going up kindam I have a beachfront condo. So
25:45
Speaker 7: like how you're saying, I used my home. I bought
25:48
Speaker 7: my home in twenty twenty one and I was able
25:51
Speaker 7: to use my equity with you know where everything went up,
25:53
Speaker 7: use that equity to invest and get my rental property.
25:58
Speaker 7: So that's been a lifelong dream. And also you know
26:01
Speaker 7: it would be invest and everything. But I'm all about
26:04
Speaker 7: giving back, and so I really love the whole philosophy
26:09
Speaker 7: of what you're doing, a whole concept of what you're doing.
26:12
Speaker 7: And I really truly am looking for a mentor. And
26:18
Speaker 7: I know that's a lot you.
26:20
Speaker 1: Knows, now.
26:26
Speaker 3: You know.
26:27
Speaker 4: Well, let me say this. Let me say first, thank
26:29
Speaker 4: you for your service. I'm a former Navy jack myself,
26:32
Speaker 4: so I appreciate your service. I like the fact that
26:34
Speaker 4: you understood that there was a better use for your
26:37
Speaker 4: equity than sitting it in your home and leaving it there.
26:40
Speaker 4: The interest rates that are associated with certainly the last
26:44
Speaker 4: couple of years, with interests associated with your home equity
26:48
Speaker 4: is far lower than commercial debt that you can get.
26:51
Speaker 4: It's more accessible, but even with the increase in interest rates,
26:54
Speaker 4: it still are far out pacing a lot of other
26:57
Speaker 4: commercial debt, family offices, various other ways that you may
27:00
Speaker 4: have to use to finance a second home or an
27:02
Speaker 4: investment property. But one of the things I like is
27:05
Speaker 4: you said you're new. But that's that's the beauty of it,
27:08
Speaker 4: because what you're doing is you're listening to people like
27:11
Speaker 4: money making conversations. You're investing in yourself when you're actually
27:16
Speaker 4: learning the trade. Right, So you're not just saying I'm
27:18
Speaker 4: just gonna go out there. You got to learn the
27:20
Speaker 4: business that you're in. Be willing to educate yourself, be
27:22
Speaker 4: willing to stop surround yours And the fact that you're
27:25
Speaker 4: asking for a mentor tells me that you're willing to grow.
27:28
Speaker 4: And that's what I needed at my time when I started,
27:31
Speaker 4: and what and all of us continue to need. You
27:34
Speaker 4: want to surround yourself with people who use doing it.
27:37
Speaker 4: And so you're in your mindset is excellent and that
27:40
Speaker 4: there's nothing wrong with being new. It's only wrong when
27:43
Speaker 4: you be new, and you just rest in that, Oh
27:46
Speaker 4: I'm new, so I'm gonna no learn, be around people,
27:49
Speaker 4: figure it out. You already made the first step by
27:52
Speaker 4: accessing some of your capital and your home.
27:54
Speaker 3: Okay, turn Lynch, How can I get in touch with you?
27:56
Speaker 3: What is the website? Can you give that information? Because
27:58
Speaker 3: I'm gonna be honest with you. I do a lot
28:00
Speaker 3: of these interviews and your your tone, your your your
28:04
Speaker 3: your cadence, your honesty, your history. You want of these people,
28:10
Speaker 3: Just google her, Just google her name. You'll see the
28:12
Speaker 3: credibility of this conversation and the legitimacy of what we're
28:15
Speaker 3: trying to do on Money Making Conversation Masterclass. How can
28:18
Speaker 3: we reach out to you? And what is the website
28:19
Speaker 3: for the for the golf resort in the Dominican Republic.
28:23
Speaker 4: You can connect with me personally at Thediana Lynch dot
28:26
Speaker 4: com the d I A n A L y n
28:29
Speaker 4: c h dot com. It does list the two projects
28:31
Speaker 4: that I have going on in Atlanta and in the
28:34
Speaker 4: Dominican Republic. The direct website and all all social media
28:38
Speaker 4: platforms for the resort the golfers are in the Dominican
28:41
Speaker 4: Republic is Almadisamana dot com.
28:52
Speaker 5: Thank you for joining us for this edition of Money
28:54
Speaker 5: Making Conversations Masterclass Money Making Conversations. Masterclass with Your John
29:00
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