Unlocking Hidden Gems Of Riverside California: How to Invest in Real Estate Auctions #landbank

All right, guys, welcome to another episode of Free Education Friday. I'm Charles Noonan. I'm also known as the Land Bank King. These sessions are sessions where it's just free education, where I look to empower other individuals, minorities specifically, where I want you guys to understand the opportunities that we have in front of us that we may or may not be taken advantage of. So I share freely these sessions, Free Education Friday. And I, I appreciate you guys on the east coast sharing your lunch hour with me. But those of you that are on the west coast, for all my west coast folks, I brought a gift for y'. All. My gift to you guys today. I'm sharing a Riverside. Riverside, California. All right, Riverside, California auction is what I'm giving you guys today. All right? So everybody just comment right now. Riverside, California. All right, Today is all about Riverside. It's about the Riverside. Now, Riverside, California, if you don't know much about it, Riverside has homes as high as 20, 30 million dollars. Okay, we got homes, 20, 30 million dollars. Riverside, California. Let's see, let's see, let's see. New York and Riverside have homes that are comparable in dollar amount. So New York got 20 million dollar homes. 30 million dollar homes. Riverside got 20 million dollar homes. 30,000,000 dollar homes. Okay? Both equally got multi million dollar homes. What I'm gonna share with you guys today on this Free Education Friday session, because you guys joined, I'm gonna share $2,500 homes in Riverside, California, and I'm gonna share $3,600 homes in Riverside, California. If y' all ready, just put a fire in the chat. Share this, share this information out. And let's get right to it. I put it in a presentation format so you guys could kind of like see it and take advantage of it. For those of you that don't know, for those of you that are new, get your pen and pads ready. We're gonna go in for this lunch hour, right? I don't be asking y' all to quit to take off a whole day of work for this information. I don't ask y' all to, like, leave work early or go in late. This is a lunch hour session. But if you on the west coast and this for my west coast folks, yeah, you're gonna have to take off work for it. It's okay, though. You're gonna have to have missed work for it. But it is what it is. All right, so let's get right to it. On the, on the left side of this slide right here, you guys see what a land bank House used to look like. And on the right side, you see what it looks like today, and I'm gonna show you how we get to it. This house particularly is a Land bank team member's house. And it's what I'm most proud of, is that my strategy in buying Land bank properties, to me, in my eyes, is the best thing that could have ever happened, right? It's the best thing that could have ever happened to me was to discover Land bank properties. But what makes it so special, what makes that house so special is that my team members saw the value in buying Land bank properties too. And that house shows exactly what's possible. When you buy these houses at 2,500, $2,000, like, you can literally turn them into market value properties the same way that my team member did that house at the beginning. For those that don't know me, right? For those that don't know me, whether the information was shared or passed down or passed around. For those that don't know, I'm Charles Noonan. I'm the founder of the Land bank team. I'm a New York City developer. I own over 400 properties debt free. As a leader in 2023, I helped over a thousand families by Land bank properties. And in 2024, and I keep moving the goal post on this. I know I'm guilty of moving the goal post, but I keep moving the goal post. 2024, I'm shooting for 1400 families. That's 1,400 families. I'm not trying to do 100,000. I'm not trying to do 1.4 million. I started out at 1100, but we're really creeping close to 1100 families that have properties already for 2024. So I moved the goal post on myself. I outpaced myself and we moved that to 1400. And the reason being is because we just did a five day challenge called buy the block. But we had over 500 properties that were purchased through that one particular challenge. So I thought that was me cheating a little bit because we went absolutely crazy in that particular challenge. So I moved the goal post back. I. I didn't count that 300. I negated that 500 and I just reset it. Because challenges are like cheat codes. Because in that challenge, we have five days with me and my business partner, sister Shanika, and we just went in over five days. Every single day, people were buying Land bank properties from auctions at 500, 600, $700. And it was just not fair for me to cheat myself out of my Own personal goal. So I wanted to do something special this year. I moved it up and I took away. I didn't count five, I didn't count 500 because I didn't even think it was fair to do that to myself. But today, this session, free Education Friday, is about you guys. It is about teaching you guys how to do it for yourself. I clearly got to show you guys the value in land bank properties, right? All right, look, auction alert. Everybody knows when I pull up, when I say auction alert, that means I'm sharing auction information. So everybody comment in the chat right now. Auction alert, right? Every time I give y' all land bank info, I give y' all land bank auctions. You gotta comment, you gotta share it, you gotta spread the word. Auction alert. Get your pins, get your papers ready, because I'm about to share with you guys this auction in Riverside County, California. All right? Like, nobody knows about these particular auctions. Like this land banks be having auctions that they don't market, that they don't advertise to everybody else in the world. So I'm gonna give y' all this information. It's on the west Coast. It's. I'm gonna just read it to y', all, get y' all information ready, get ready, get ready, get ready. Everybody comment the word Auction alert right now. Whenever you see this screen, you comment. You. You just put it in the chat. Whatever you're on, you put in a chat. Auction alert. Whether it's YouTube, Instagram, Facebook Live, whatever this is. Because Free education Friday just been going crazy. All right, I'll be going crazy with free education Friday. All right, so here's the information. Riverside County, California, one of the most. The more affluent counties in the entire country, is having an auction April 25, 2024. That's this year. That's when the sale starts. The auction is going to end actually on April 30th. It's going to run for consecutive days. The auction is going to run for five consecutive days where you guys will have the opportunity to buy property from these particular land banks. All right? The start time is 8am it is an online auction, so y' all ain't even gotta fly nowhere. Y' all ain't got to book no bus trip, you ain't got to book no tickets, you ain't got to take a work. You can actually do this from your home. You can do this from your computer or your phone, whatever you're on right now. All right? The sale duration is until all the properties are purchased. Now that's something that always inspires me, right? They're gonna go as long as it takes until the auction actually ends, until every single property is gone. And that's one thing I love about land banks and land bank auctions, right? And it's the reason why I chose this avenue, this asset class of real estate, to grow my net worth. Because they just do things to completion. It's all about serving the people that know about it, the people that have the information. That's an online auction. Here's a contact person. This is the direct contact person. Guys, get your pens and papers ready. Get this information down. A lot of y' all showed up, a lot of y' all on that lunch break. A lot of y'. All. If you on the west coast, a lot of y', all, like, dipped out on breakfast. I don't know how you watching this, but I got a lot of people in here. I'm gonna give you the information y' all gonna need to buy these properties. Okay? So the contact name for this auction is Matthew Jennings. I'm gonna say everything twice. I'm gonna say. I'm gonna say everything twice. So you guys get it. And so you guys understand, because I really want y' all out here winning. Matthew Jennings is in charge of this auction in Riverside County, California. I'm gonna give you Matt's phone number. Matt's phone number is 951-955-3900. Don't call Matt right now because I got to give y' all more information, more. More education. Do not call Matt right now. Call. Give him like, wait till this is over. Wait till you get your next 15 minute or 30 minute break. Then you go call Matt, say, yo, Matt, is it true y' all got an auction in Riverside going down? And how do I get in with it? But I'm gonna give you the information now anyway, so. But I want you to get in, do your homework, do your research. And I actually did, you know, oftentimes I tell people, do your homework on certain things. I did your homework for you. Because some of y' all are on your lunch break on this free education Friday. So here, let's get to it. Matthew Jennings runs this online auction in Riverside County, California, for all my west coast people. All right? The sale starts April 25, and it's going to go until completion. Those properties going to get sold quick, though, because it's Riverside, right? Y' all know Riverside. It's online. Call Matthew Jennings. M A T T H E W Jennings. His number I'm gonna Say it twice for y'. All. 951-955-3900. But if those of you that are on YouTube, those of you that are on a free webinar, you. Y' all got the email. Y' all got his email. I'mma give everybody his email right now. I'mma say it twice for y'. All. For those that may not be able to see this screen, I'm gonna say it twice for y'. All. It's R C T T c dot org. That's R as in Ronald, C as in Charlie, Tom, Tom, charlie@rivco.org r I v c o.org but he can give y' all his email anyway. Now let's get to the meat of this so y' all can see what is actually in here on the auction. This is, like, absolutely crazy. All right, so look, auction alert. We going in with that info. We going in with the info. All right, so this is what we have in Riverside County. The first two properties. I sorted this auction, and Matt will give you guys the list. I sorted this auction from lowest, from the lowest cost. Because, look, we ain't going to close that wealth gap if we buy in at the highest. We need to buy at the low, spend the money to renovate. And now the worth is automatically increased because it's in Riverside, right? Like we talking Riverside, California. The first property we have right here is $2,575. All right, 25 $75. All right, so Matt is going to give y' all that information. Matt, Matthew Jennings will give you all that information. If you. If you part of free education Friday, you get to see this information right here live direct. It's in front of your face. The second auction, the second property that we have that's going. And these may go in order from smallest to largest as far as opening bid, or they may go just an order by township in the county. So if y' all know Riverside, it could be sorted by towns. Just be prepared. Speak to Matthew. Hey, when are these. When. When are the properties that's only costing $2,500 going to be called? That's what you want to know. When are the properties that are $3,600? The starting bid is just $3,600. When are those going to be called, Matt? That's what we want to know. All right, so that's. That is the first two properties. But we got to understand, like, where we are with it and what we're going. I need y' all to understand where the heck Riverside County, California is and what that, what the lowest cost houses are. I told y', all, I did your homework for y'. All. I told you I'm gonna do your homework for you because y' all came to free education Friday. So let's look at it right here. The lowest cost house in Riverside, California right now. This is a go. This is a Zillow search. Today the MLS is posting these properties right now. The lowest end of traditional real estate. And I'm not talking about wholesaler, I'm not talking about land banks. I'm not. I'm talking about low end of traditional real estate. Because a lot of y' all been, a lot of y' all been been taught to buy real estate in a traditional manner. A lot of y' all only know to go to Trulia or Zillow or realtor.com the that's all y' all really know, right? I get it. I understand. That's all we was taught. They didn't teach us about land banks in school. No one ever taught us about land banks. The realtors that we see driving around in a really nice cars that live in a really nice houses, they don't talk about land bank properties and land banks, they just making commission off of selling houses. So they're not going to teach all this stuff. So on the low end of real estate, right? Traditional real estate, the lowest house anybody could find. Y' all are on free education Friday. So y' all getting, y' all getting a nice little bit of information, right? Let's go to the highest end traditional real estate. And this is why I said, y', all, I'll be doing my homework. I did the homework for y' all already on the high end of traditional real estate in River Riverside County, California. And this is just for my west coast people. Last time I feel like we did the south or the Midwest, this time we're doing traditional real estate on the West Coast. This is just, this is just for y' all because y' all be flying all the way to the east coast to participate in land bank properties, Land bank auctions and stuff like that. Now y' all get to stay home and do it online. The highest property that they have for sale in Riverdale, Riverside County, California, $39 million. 30. $36 million. And then it goes all the way down to $33 million. That's the highest that y' all could get in in this particular county, right? And I want y' all to understand that if you, if you didn't know better, the first thing you're going to say to yourself is, that ain't for me. The second thing you're going to say for yourself is, I can't afford no house there. The third thing you're going to say is those investors must have been handed down those properties that if you own and rent property in Riverdale, right? The first. The second thing you're going to say is, just like that ain't for me. I wasn't set up like that. I could never own a property there, right? But if you do non traditional real estate, if you practice any method of non traditional real estate, it's going to teach you how that, yes, you can own property in Riverside, California. Of course you can. Why can't you? Cause I just gave you one of the auctions to do it. Now, here's how. And here's what land banks are. Because some of y' all may or may not know what land banks are or what land bank properties are, right? Land banks are public entities that are solely focused on converting problem properties into productive use. Not now. Riverside may be one of the more affluent zip codes in the entire country. However, they do have some properties that are going up for auction. It's just plain and simple. People in Riverside County, California, lose their properties to not paying taxes. Some people die and don't have their succession plans set up. They don't do wills, they don't do trust, they don't do their estate planning. They happen to pass away. The properties will go through a number of channels before they reach auctions that I just gave you, right? So there are. And then, of course, if the person passes away, they can't care for their property and upkeep it like everyone else in the neighborhood. So it becomes an eyesore, it becomes a problem property. And we all know in America, when there are problem properties, when they have vacant properties, abandoned properties, sometimes they call them vandos. Property values go down and crime rates go up. So let's be educated on that. We already know problem properties got to get. They. They got to get eliminated. They got to get out the way. The reason this fella, they fell into an auction because there's no one there to negotiate a sale for them, so they have to go to auction. And this is why land banks are the best way to get into real estate. Like land banks will have you living in places that you would never have dreamed. I live in places that I never would never have dreamed. I live in houses. I got actually two houses that I would never dream of living in or owning Debt free. If it weren't for land banks. My team members own property. I'm just. Have I got a little confession to make. I got team members that own property in states they've never been. I have team members that own property in counties they've never heard of. The reason they're buying these acres, half acres, quarter acre properties is because a lot of times they'd be getting it for like $300. Put a fire in the chat right now. If you got a property, if you got a land bank property or any kind of property through any of my efforts in a town that you've never visited or a town that you've never heard of, put a fire in the chat for it. Let's go, let's see what we got here. All right, so across the United States, there's 250 land banks. And when you buy properties from land banks, right? When you buy properties from land banks, they all come with clear title and are debt free. There are no liens and no delinquencies when you buy land bank properties, Guys remember that. There are no liens and no delinquencies when you buy land bank properties. Here's the benefit to the city, right? So you're thinking, why would they sell these properties so inexpensively? The benefit to the city is that they get the property back on the tax roll. Now, the taxes in River River, Riverdale County, Riverside County, Los Angeles, I mean, California are crazy, all right? So the city is losing money on the property because they're not paying no taxes. There's no water bill, there's no electric bill, there's no gas bill, right? There's tons of money that the city is losing. The city has to make a budget as well. Believe it or not, Riverside County, Los Angeles has to make budget. They got a budget to make, all right? So they've given these. They give you the houses, they auction the houses away for really inexpensive prices so that they can be purchased and be put back on the tax roll. All right? They're going to ask you to renovate the house if you buy them. And then they're gonna ask you if you buy land. They're gonna ask that you have a plan to develop that land before you buy it and own it outright. So the little contingency is, hey, you bought this house, we want you to renovate it and get it back up to community standards so that it can uplift the community and not be an eyesore again. Guys, don't worry if y' all do not have money If y' all don't have money, I'm gonna offer an opportunity to where we can get you renovation money at the end. Just stay to the end. I offer you guys an opportunity where you can get funding, where you get business funding. A lot of times it's at 0%. Okay. A lot of times it's at 0%. Hey, just put in the chat right now. Put the word property. If you need help with credit, if you need help with funding, or if you need help with property, put the word property in the chat right now. I can help you out with all three. And it's really clearly. I just gave y' all the properties info. I just gave y' all the property info, the credit and the funding. I gotta connect you with my partners. But, hey, I want to show you guys this. So. And it's a huge. It's a drastic change, seeing properties, Riverside, California, three, $33 million. And then what I'm showing you on this screen are Land bank houses. These are complete houses that I purchased. I actually encourage you guys to look these properties up and just see what. See what Google is showing of them right now today, right? These are properties that I purchased through land banks. But here's the price. So the first property, 13609 Cherry Lawn. I paid $1,600 for this property. I'm going to repeat that again for y'. All. One, three, everything. I'm gonna do it twice. I'm gonna do it twice. 13609 Cherry Lawn. It's in Detroit, Michigan. For the entire house. It could look something like this. Right back here. I paid $1,600 from a land bank. From a land bank auction that I sent you guys to. Very similar to where we had our auction alert earlier. All right? And it's important that you guys understand land. Buying land bank houses is the fastest way to create passive income. I know a lot. I know a lot of you guys are on at work. A lot of y' all guys might have skipped work. A lot of y' all might be at jobs you hate. Put a fire in the chat right now. If you hate your boss, put a fire in the chat. If you didn't feel like coming in today, put a fire in a chat if you don't feel like working anymore. Okay? Now, the reason I do Land bank houses, right? I'm a parent of two. Two boys, two kids. And I. I didn't want to miss any basketball games. They play basketball. They're really tall. I didn't want to miss. I had to take them to practice, I had to take them to workouts. I got to take them to the games because that's what it's all for. I gotta go see the show, right? And I got to a point where I just didn't want to. Want to work a 9 to 5 anymore. I didn't want my income to be active. So there's two types of income. There's active and passive. Active is the one that you get up and you go to work for every day. Passive is the one where you don't get up and go to work for every day. You kind of get to do things like free education Friday from home. You kind of get to show up at every single game. You kind of get to do whatever you want. I travel every month internationally. I teach you guys sessions like this. And realistically, I do a lot of developing of Land bank houses on my own time and on my own dime, which is more. Which is the most important piece. I get the money from my real estate investors from Land Bank Properties. So if you are a parent, right, and you're thinking about investing in real estate, but you don't have any spare money, why would you go to Trulia and Zillow? Why would you call a traditional realtor and say, hey, I need an investment property, right? Why would you go spend $450,000 or 350 or $250,000 on real estate when you can buy from land banks like this? It just doesn't make any sense. So if you don't have any money to waste, I think y' all need to look at land bank properties, right? If you don't have time on your hands to really scour the Internet. And when I talk about time, like, time is every. You guys have to know this, right? By now. Time is all we have. That's all we really have. And it's. I'm sorry to say it to everybody on here. We're actually all running out of it. Like, the reality of it is we are running out of it. So if you want to get into real estate, time and Land bank properties go together. And this is why you can own that property in 15 days, right? It starts on the 25th, 13 days. You can actually own that property in one day. If you were doing traditional real estate, how long is it going to take you to sit in your pajamas and look at houses before you call a realtor? How long is it going to take you? And just put these answers in the chat, guys. Put these answers in the chat for me. How Long. If and if you're on YouTube, put these in the comments. Put these answers in the comments because these, these are questions that must be answered. You have to answer these questions. How long is it going to take you to find a house on trulia or 0zillow or realtor.com how long is it going to take you for you to get in contact with the Realtor to go see it? How long is it going to take you to be fundable for a $500,000 property? Let's just say on average that's the low end. But on average, let's say 400. How long is it going to take you to be pre approved for that funding process where a bank is going to give you that pre approval letter for $400,000? You got to hand in tax returns. Land bank properties, you don't need tax returns, you got to hand in pay stubs. Land bank properties, you don't need pay stubs. They're never asking you for your pay stubs. You have to have two years of steady employment on your job and all these other conditions that these mortgage companies ask you for. And that's before you even are allowed to go see the property. Land bank properties, just like the auction I gave you and all the other auctions that we have is 250 of them. You can actually see the properties at home. You can view them, then you can just go to them and, and you have access to Land bank properties on certain days throughout the week. So you could send your contract to see him with a camera. You can go yourself. You don't need any pre qualification letters or anything like that. You simply tell the Land bank you're going to go, you and your contractor are going to go view the property and you can go view it and then buying it, you can buy them just like that. The reason I know I own over 400 land bank properties. All right, so it's extremely important then for those of you that are watching, I got an opportunity where I'm going to show you the entire process of how you research how I find these properties, how I bought so many for 400. And then I'm going to offer you guys an opportunity where I can actually take you to an auction. This is a picture right here. Me And I think 20 something people at an auction that I went to. I got 13 properties net worth that each at minimum $20,000. I bought them within the, within one hour span of the auction and increased my personal net worth $260,000 in one hour. There's no way in the world you're going to do that with any traditional medium of real estate. It's just not going to happen. Unfortunately, those are properties by the lake. I'm not selling those. So you guys can't buy them. You can't offer me money for them. Do not ask. I'm not selling those properties. Not those, not those. But I actually took a group of individuals with me so that they can witness how easy it is, how fast it is, and how efficient it is. There's no wasted money. I'm buying a property at $600, that's worth 20,000. There's absolutely just no way that those properties are going to be. That money's going to be wasted. It's invested. And then we have some statistics that show where traditional real estate is going to and why. We're kind of getting locked out. But I'll speak quickly on this. So what's happening to the African American community? We're operating individually. We're not operating as a group. Every other ethnicity is. I always shout out my Hispanics. My Hispanic community. Y' all got it. Y' all understand? Let me look really close. The Hispanic community gets it. The Hispanic community understands their household net income, their household value. Their household asset value is 2. The African American community, our household value is only being added by one. It's single mother or single father. My Hispanic community. I love y'. All. I have to give like much respect to y'. All. Much love y'. All. Household income and investments gets calculated by two, because it's mother, it's father, it's family. Sometimes, hey, look, I'm going just be real with y'. All. Sometimes it be three, because it be mother, father and uncle in the household, but it's household income and it counts. So. So the mother buys a. Buys land, bank buys property. The father's gets calculated, the uncle's investments in the market gets calculated, and that's how they are closing the wealth gap. And. And we are still sitting here in the same space, and our wealth gap is only calculated by one. I'm just going to be real with y'. All. We have to. So the solution, I'm going to tell y', all, right, the solution is we have to start to connect together, grow, and we got to cash flow these properties. So at the beginning, I told you how to buy the properties. I'm going to offer an opportunity to connect. We're going to grow. Your. Your net worth is gonna grow. I'm gonna offer you an opportunity to come with me. To an auction. I'm gonna offer you an opportunity to connect with others, and I'm gonna offer an opportunity to teach you how to cash flow properties. So we don't. So. So we may not. I'm not saying go get back with your ex wife, bro. I'm not saying go get back with your ex husband so that you can have a 2 household income. Some of y' all want to, and some of y' all would never. But that's not what we're here for. That's not what we're here for. What I'm saying is, from a family perspective, you can connect with people that are on this live. You can connect with people that are on this webinar. You can connect with people that are on the Land bank team as your family. So when I say family, we don't have to do it with our relatives because they probably don't want to. If they. If your relatives wanted to invest with you, y' all would have done it already. Let's just be clear, right? Let's just be clear. Do your homework on how many brothers and sisters own property in our community. Do your homework on how many husband and wives own property in addition to where they actually live, how many investment properties they own. It's very few. Please do your homework, guys. Just. Just do your homework and your research on how many African American families own multiple investment properties. I could almost guarantee you it's not a number that we'll be happy to research and look up. So. So what I thought about doing and what we do on the Land bank team, we actually bond as family and we buy properties in neighborhoods together. All right, we all know America has a housing problem, right? The New York Times just posted an article saying the housing market predictions for 2024 will not be affordable. It's just a downgrade. Don't buy in 2024. They just said it to us. They let it go, right? They said it to us, and they let it go. All right, guys, let's go. Auction alert. Auction alert. Everybody in the chat. Just put it in the chat. Auction alert. If wherever you at, put it in the chat right now. Auction alert. Comment right now. Auction alert. Auction alert. Y' all got a comment. Let's go. Comment. Auction alert right now. I'm gonna give y' all one more auction. This auction is a little bit. It's on the opposite coast. It's in North Carolina, Henderson County. I'm gonna read this one twice to y'. All. I want y' all to pay attention to it and I want y' all to get it. All right? I want y' all to kind of get this auction because this auction is pretty cool. Henderson County, North Carolina. This one is May 1st, starts at 10:00am this is live in person. The reason I like in person auctions. I'll tell you in a minute. Let me just give y' all the information because some of y' all gotta go back to work soon. I know some of y' all gotta go back to work, so it kind of sucks. Share this information out so that if you got to go back to work a the person who ain't got to go back to work and watch it and get the information for you. So share it right now. Go take a second. Share it. But everybody comment right now. Auction alert. Let's go put that in the comments because I'm giving you another auction. This one I may or may not go to, but I'm going to offer you an opportunity to come with me. We're going to prepare, we're going to research, we're going to study, we're going to single out properties for everybody to get, and then we're going to actually attend the auction. This is Henderson County, North Carolina, on May 1, 10am it's actual live in person auction at the courthouse. You do not have to register. You can confirm that by contacting the auction. Here's the number. 828-697-5595. I'm going to say it twice because the information is awesome. I'm going to say it twice for y'. All. Henderson County, North Carolina. May 1st. The auction time is at 10:00am I'm gonna give y' all the phone number, and then I'm gonna give you the address. I'm gonna give you the phone number twice. Then I'm gonna give you the address. The Phone number is 8286-975595-82869, 75595. Here's the address to this auction. 200 North Grove Street. 200 North Grove Street. Henderson County Courthouse. So it's at the Henderson county courthouses where they're doing the auction. That's Henderson, North Carolina. Hendersonville, North Carolina. 28792. Henderson County Courthouse. Hendersonville, North Carolina. 28792. I hope y' all got the information because I really wanted to share that with you guys. But here's. Here's the thing that I want to also discuss with you. And here's what we need to understand, right? It's important that we understand this. And guys like this is just extremely important that you guys get this one particular piece divided. We're not doing so well. And here's an article in CNN that just talks to white Americans having far more wealth than black Americans. And they showed how big the wealth gap is. But I'm not really focusing on that because we can't copy the model that they copied, right? We just. We can't go back in time and copy the model that they use to. To create such a wealth gap. What we can copy is what the Hispanics did. And again, I. I'm sweating the Hispanic community. I love you guys. I love what you've been able to do. The Hispanic community family has actually set an example for the African American community. They have shown us how to do it. They've shown us how to do it the right way. And it's through togetherness. It's through being connected. So here's a study that shows it's going to take African Americans because we're only operating in as one person in the household. We're only operating as one person in the household. It's going to take African American 92 years to close the wealth gap. I'm not jinxing anybody, but I don't know how many of us are going to be here when that day actually comes Based on the way that we are trending. However, Hispanics, it's only going to take 52 years. The reason it's taking them 40 years faster to close the wealth gap on the. On white Americans, the reason they're able to do so is simply because they are connected. They're doing it together. They don't mind going two, three people on one property, renovating it, renting it out. They don't mind doing the work to renovate it and rent it out. They don't mind pooling money together to renovate it and rent it out. But more importantly is that they're connected. So when I give you the auction information, I give it to you so that you have the education and information to go. However, what's extremely important is that you guys take advantage of the opportunity that I'm going to offer you for all of us to go to auctions together. There's quite a bit of information that has to take place before we actually go. But I'm going to give you an example of how powerful we are together, how powerful we are connected, how powerful we are when we own blocks together, when we own properties together. The first picture on the left is D Day. All of those individuals own property in Birmingham, Alabama, and We're starting the process to develop them now. I'm actually doing it first. I'm breaking more ground on my second property in Birmingham, Alabama this month. And I'm going to be showing and like chronicling the steps and documenting the process for everyone else to go through it. That way there's no wasted money. We don't have money to waste. Right. However, we do have $300, 500, $700 to invest to buy the property. If I could show you guys how to, how to build on properties, how to develop properties without any wasted money. Extremely cutting down the learning curve. It actually is way more beneficial because we know we're at the bottom. We don't got money to waste. Hey, put a fire in the chat, including myself if you ain't got no money to waste. Just put a fire in the chat if you don't have any money to waste. The picture on the right is a group of Land bank team members at an event that we held that we hold quarterly and we give out awards for the most part. That is a group of individuals that all own property and one individual owns a property. She actually got an award because she bought six properties in three months. So she got the Accelerated Investor award. The picture on the bottom right is I took a group of developers to Detroit, Michigan and I introduced them to my contractors, my wholesalers, my builders, my architect, the director of the Land bank. But more importantly the African American owned hardware store, Dexter Hardware store on Dexter Avenue in Detroit, Michigan. And then that's a picture of a bus. I'm taking a group of people. We are actually going. At the bottom right is a picture of a charter bus. We're actually going on May 17 to an auction together. And we are over 200, 200 investors that are actually going to buy properties on the same day. The predicted right, 200 people buy a property that's worth $15,000 and we're buying them for 5, 6 and $700. Just do the math. 15,000 times 200, I believe could potentially be $3 million. So our net worth as a community as a group can grow $3 million in one day. So I told you guys I'd offer you the opportunity to take advantage of something like this. But more importantly, I'm going to offer you guys the opportunity to connect, grow and cash flow in groups. All right? We know what the problem is. We don't know the solution. The solution, right? If we could connect with like minded people, if we could connect with individuals that knew how to buy properties at 3, 4, $500 if we could connect with a developer. If just one developer was teaching how to develop step by step, every step of the way. Like what's a footing, what's rebar, what's the foundation, what's framing, what's roofing, what's your rough implement? If there's a developer that was actually going to teach us all of this, just imagine how powerful that's going to be, that one person is going to lead groups and groups of people. So what I put together for everybody, right, Understanding that we need a system, we have to have a system. We just need a system. It's extremely important, right? So what I put together, I put together a system where not only we buy properties, because that's easy. I just taught you guys two auctions in which you could buy properties, right? Now what I put together and what I'm going to offer you guys right now is, is an opportunity, right? I'm going to offer you guys an opportunity to join me in a five day challenge where we're going to buy property. But not only are we going to buy it, we're going to go through the steps of renovating, we're going to go through the steps of developing, we're going to go through every step of the way until we get to the passive income stage. I want to, I want to, I want this challenge to take us through the journey of acquiring the property for 3, 4, $500, all the way till we rent out the property. I'm going to show you guys step by step exactly how I did it and how I do it now. That affords me the property, the opportunity and the ability to be here with you guys on this free education Friday offer. And as you guys know, I'm in one of my houses. Comment the word property if you guys want to join. But those of you that are on YouTube or a different medium, I see you guys are taking advantage of the offer. Here's what I'm going to explain to you, right? I'm opening a five day challenge that's going to draw out the pathway to passive income. It's going to include five days of me as a developer teaching you guys all you need to know about how to buy properties in person, online, online, actual dude development, do renovations. I'm gonna teach you guys. Where in the heck do you find a trustworthy contractor? Where do you find trustworthy plumbers and carpenters? I'm gonna teach you guys that as well. We've already helped 2,000 families connect, growing cash flow. But what I want to do is kind of get into the details of what this challenge, what this five day challenge is going to offer for those of you that decide to take advantage of the platinum package and the offer, right, it's going to cover the five days of the five day challenge. It's going to give you access to our platinum community, right? That's a community of like minded individuals who are interested in investing in real estate. It's going to give you the, the community that you need of relatives and family members to actually buy properties together in groups, side by side, each other. So in, in, in Riverside, California, if we were to go to that auction together or we would have orchestrate that auction, one person would buy the first one, the other person would buy the second, the other person would buy the third and we would actually continue to grow as a people and close the wealth gap if we were able to do it in that manner. I'm going to also teach you guys how to protect the asset, right? So we have to keep it in our family name. And this is why land bank properties are extremely important. We'll never lose these properties to foreclosure as long as we pay the taxes and insurance on these properties because we're owning them outright. The day we go to the auction, you're going to buy properties that day right there and you're going to get the opportunity to own it, develop it and pass it down to your future generations, which is absolutely important. You're going to get the recordings, which is the information that you're going to need to review because I'm going to teach you. What I'm attempting to do is teach you guys over the course of five days. I'm attempting to teach you guys over the course of five days what I've learned in 20 years of real estate. I know it's going to sound hard, but I'm going to give out workbooks. So platinum is going to get workbooks, they're going to get recordings to study. And I am breaking everything down from how to find the land, how to research land, how to find houses, how to research the houses just like this. So this one behind me, as you guys can see, this is a two family, right? There's two doors on it. I want to teach you guys tips and tricks. Just comment the word property. I want to teach you guys tips and tricks on how you can buy properties like this for $1600. That's it. If you're on YouTube right now, you're seeing this offer that we have here, right? And I'm starting it out for early bird special. We're only presenting it to 20 to 30 people. And this is why at the very beginning I want to take tranches of 30. I want to get you registered for an auction. I want to teach you how to buy if you need money. And this is why we're doing early bird offers right now. If you need money, I want to get you money. Like I want to help you clean up your credit. We have credit specialists on standby that are excellent. I'm talking like best in class. I want to teach you credit, I want to teach you how you get the credit that you're going to need to be able to get an interest free credit card or a bank loan or a line of credit from a bank at 0% or the lowest percent possible. We're going to bring our bank, our bankers on the challenge like Citizens Bank, Chase bank, bank of America, they're going to be on the challenge. Stand by, standing by to help you. Then we're going to bring our funding specialist that's going to break down. Finally, I'm bringing people that's going to break down what you actually need to get money from the banks. So now that you're buying this property, we need to know how to develop it, how to renovate it. But you need money. It doesn't cost a lot because some of these houses, like this one, only cost me $26,000 to renovate a two family house. This is a duplex. Now just imagine if I'm getting fifteen hundred dollars a month from two, from two units, that's three thousand dollars a month. I charge rent and security to get in. So that was $6,000 I got the day I opened the doors and rented out the property. I spent less than 30 to renovate it. All right? So I'm taking small groups because I want to teach small groups. I want to make sure. And you guys know me by now. I take pride. So just comment the word property to join this. I take pride, right? I take pride in helping each individual. It's so easy. Everybody who's watching this has $500. And we have to start looking at money and how we're spending our money, right? You have to look at when you spend your money, is this money going to bring me anything back? How many of you spent money on something that's not going to bring you any money back, right? When you start looking at money as a tool for investment, when you start looking for investments, when you start looking for advancing your future, you have to start looking at it in a manner in which you're saying, what is me spending this money going to do for me? If you got $300, $500, a thousand dollars, 10, think about what you're going to spend it on. And could you spend it on something like this that's going to contribute to the advancement of your future and help you along the journey in your life as an investor? So, guys, let's do this. We got time for, like, two questions. Does anybody have any questions? Anybody have any questions? Let's get back to the chat. Let's get back to the chat. Does anybody have any questions? I see a lot of you guys. Okay, Montez, Roy, Jay, let's go. Jay, let's get in there. I have almost a full acre I'm purchasing for 700. Let's go. What questions we got? Anybody got questions in the chat? Put your questions in the chat right now. I couldn't read them earlier. I could see them right now. Are you going to share the website for the auction and land bank properties? Of course we are. Absolutely. That's what this challenge is all about. The challenge is. All right, guys, I see we only comment the word property. We only have. I'm looking at it right now. We only have nine tickets left for this first tranche. I'm only taking 30. All right. I'm only taking 30 people at the beginning. And this is the reason why I want to make sure everybody that gets in the challenge gets a property before the challenge even starts. So if you buy your ticket today, comment the word property or you click on the link right here. If you buy your ticket today for this five day challenge, I'm going to personally work with you starting Monday. This is free education Friday. I know what today, I'm gonna personally work with you starting Monday to help you get your property. So by the time the challenge starts, we go on high level, we go on developing, we go on funding, we go on credit, we go on contractors, we go on municipalities. I'm also bringing a permanent expediter to the challenge. Right? Hey, make sure y' all make sure you subscribe to the land bank show on YouTube because I'm releasing the episode of the Permit Expediter. A lot of times, if y' all develop, if y' all know anything about real estate, a lot of times those projects get caught up in the permit process. I'm bringing an expediter on the challenge to teach you how to expedite the permit process. Now, I'm telling you right now, there's no way that you guys could be anything like that. Let's get any. Let's get. We got time for one more question in the chat. Let's go Virginia. How are titles free and clear? That's a great question, Titi. Land banks have the unique power to clear to quiet title is what it's actually called. Titi. That's a great question. That shows me that you know a little bit about land bank properties, auctions and things like that. If you buy from a land bank, I'll give you an example. Building, building. Detroit.org is a land bank. This property that I have right here, free and clear. Every land bank property has the ability to quiet title. Whenever you buy from a land bank, there are no liens. There's no. And here's the best thing, here's the best thing TT here's the best thing about buying land bank properties. They have the unique ability, they have government powers to erase any IRS debt that's on a property. So when we talk about buying properties from auctions and tax deeds or tax liens, when we talk about stuff like that, we gotta understand they may come with some liens on it. It may come with like some relatives that still want their properties back. It may not be done through probate. We got to understand a lot of this stuff that goes on when we buy tax liens. These are not tax lien properties. We are buying land bank properties. We may buy some deeds based on where you live. But just understand and thank you for that question TT Land bank properties. Land banks have the ability to acquire title. There is no title work on there. All right guys, comment the word property to get your ticket to this five day challenge. When you buy the ticket. I know the challenge isn't going to start right away. When you buy the ticket. We are getting active right away. We are immediately getting active on property acquisition. Meaning if you buy your ticket today, we gonna meet on Monday and I'm gonna show you how you buy your property. So when the challenge starts, we get to just go straight high level. We go straight high level into buying properties. We go straight high level into that group and into that community where you now get to lock arms with family members who are buying properties in the same area that you're buying. We're going to have a focus group where we really focus on 2 to 3 maybe because I want to. Because we're going to get people from all over the country, we're going to do focus groups to where we buy maybe some stuff in the north, the Midwest and the south. And then I might do a cohort for my west coast people. Because we want proximity. We want you to buy with like minded people. We want to introduce you to new family members in the community. That's the biggest takeaway from the challenge that you guys are going to get inside the actual community where you can meet with other people. And guys, this is going to be so powerful. You're going to own a property with someone you met from the challenge on the same block. You are going to own one. Your next door neighbor is going to be a five day challenge member. The neighbor from there is going to be a five day challenge member that you are going to meet from this challenge. It's going to be absolutely phenomenal. Comment the word property. Let's get your ticket. Let's get started now. We getting active on Monday, guys. Thank you for attending another episode of free education Friday. All right, that's it for now. I'll see you guys on the other side. I'll see you guys on Monday. For those that got in the challenge, I'll see you guys in. I'll see you guys in the telegram group on Monday. I'm gonna start posting challenge information. I'm gonna start posting how to buy property and where you need to go to buy your property. And once you guys do that, once you guys start seeing where you could buy properties at $300, I'm gonna take you from property all the way to passive income. I'm gonna take you there. We're gonna do it. We're gonna increase our net worth. But more important than the wealth gap, right? More important than closing the wealth gap is the wealth. Let's not forget the wealth. So the property is gonna get you guys the wealth. I'll see you guys soon. Make sure you subscribe for future webinars of free Education Friday, make sure you subscribe to the land bank show on YouTube. Like subscribe and anywhere you can find your favorite podcast. Let's go. We'll see you guys soon and I'll see you next week Friday at Free Education Friday.