Did We Sell All Our Rentals? The Bald Guy TROLL

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1:06With me and apparently he has come at me again in a video that was released yesterday. So mark, what does the bald guy say this time? Well, you and the three amigos did a great video that you guys are selling rental properties. I think that may have caught his attention. So Brian did tune into it. But it seems like he may have only watched the first 40 seconds. But he does say I'm 40 seconds in this video and I knew I was right. Glad you guys finally admit I was right. I don't need to watch anymore. Brian de Villa is the ultimate troll. He knows well and good that there was more meat on that bone. But yeah, if you only watched 40 seconds, you probably heard that Matt Dion and I are all selling properties right now. I would ask you to stick around a little longer because there are three unique reasons why we are selling. And there's also acquisitions and 1031s and other things happening. But again, if you watch 40 seconds, it is factually correct

2:12that the three amigos each of us are selling or in my case actually just sold a property. So, but I think it's just being the ultimate troll, but that's pretty funny. And a lot of people may not know, but you met up with them again and you didn't interview with Brian de Villa. So there is another video author. There's a lot more. Round two. Round two. So I actually went to that video to get some comments on there. Look at you. So one individual says, I know several landlords who are retired from owning rental properties. I don't know any flippers or wholesale. I don't know who said that, but you are amazing. You are the Hall of Fame of comments right there. Absolutely. You know, people on, you know, there's probably a half a dozen people on this channel that come on every week that are retired because of rentals. And you know, I have some of the biggest flippers in California. Jason Pritchard, Adrian Hernandez, Omar, Ty, you know, combined. They probably flipped 200 properties.

3:12A year combined and they're not retired, right? They're working a big business, got a big team and you know, all of that. So yeah, one's a job and you know, one's retirement. So I know it's one I want. Also from that video, Alex SK7Y says, 70 grand a month to live. Bro, that's not relatable to 99% of people. Yeah, I still have a problem with that, right? 70,000 dollars a month to live. That's 840,000 dollars a year after tax. That means 1.2 to 1.3 million dollars just to survive. That's not saving any money. That's just to survive. That is not relatable to you know, everybody except maybe athletes and pop stars. That is great. I can't. I you know, I heard that three weeks ago and I still talk about it. I'm like, I got a buddy of mine who lives on 70 grand a year. How? I mean, what 70,000 bucks a month? What do we? I mean, what do you spend

4:17your money on? It's a big number. And then in your daily financial news, they used to talk about Graham's death in living off of what? 2% yeah, 2% of his income. Yeah. So also on that round two video though, so when I first saw this comment, I thought they were going to be attacking you, but Andrew Allen Inspector Investor says, Zuber is ending up like Grant Cardone in the way of having to defend himself from everybody trying to say that it does not work. Grant is always on defense from people saying it can't work. And he continues to get richer and Zuber is screaming this works. If you work it and people are starting to attack, it's a sign of greatness. Yeah, I got to tell you I didn't know where that comment was going, but I loved where it finished. Absolutely right. I actually took, I take comfort in God, what's his name? The guy who always talks about save your money, save your money. No debt. Oh, Ram Day Ramsey? Thank you. Thank. I

5:18don't know why I drew a blank on that. One of the most impactful speeches I ever heard in person was Dave Ramsey. And basically what I took from lots of things I took from it, but the big thing I took from it is if you know what you're telling people is true, never stop telling them. And that's what gives me great comfort. That's why that comment means a lot to me because you're absolutely right. Ryan Penaedib, Brian DeVilla attacked me hard the first round and I came prepared the second round and it didn't go that direction. And I got to tell the worth wealth formula. And I got to talk about the first five years of suck. And yeah, I love that comment. And I, you know, to be put in the same, you know, comment with Grant Cardone's probably the biggest social media person in real estate is very nice, probably not deserve, but I appreciate it. And I agree. I mean, he does, he is, he, the guy, I mean, I actually spoke with him one time and he works incredibly hard. I don't think people realize how hard he works. And, and more importantly,

6:21I think lots of people can work as hard as Grant. In fact, I would argue there would be times I worked as hard as Grant, but what Grant has over all of us, including myself, is decades. The man never stops. And he's, I don't know what he's, he's 66 now or something, 68. And he's still grinding like nothing. It's, you know, I, I have hope that I can keep doing this for another decade when I see what he's doing. And oh, by the way, let's not forget he's in great shape. He went on that health kick, which I greatly appreciate. I can't, I mean, I got healthy at 50. I can't imagine getting healthy at 60. Jesus. I do remember when he was on your, your channel and a lot of the comments or this guy makes how much money and his wife is terrible, like the internet connection, whatever. I took whatever I could get. That was a rough, oh, again, I don't know if people know this. So, so first off, he was in a hotel. I think he was in Texas or somewhere. Maybe I forget Arizona or Texas. And with Streamyard, I have to be able to download the file from the client

7:23side. Usually it's really fast. But for whatever reason, because of his wife on that end, it took an hour to download. And he was so gracious. He said, no problem. I'll let it sit here. I will take my next call from my phone instead. Because he was going to do it from his computer. So he went to another room. And I'm sitting here just waiting for the damn thing to download, right? He finishes his meeting like 45 minutes later. He comes back and goes, you're still here. I go, dude, I'm sorry. It's like 80%. I'm not going to give up now. Can you hang with me? He goes, oh, yeah, no problem. And he goes off and takes another call from his phone. He did not have to do that. And I will never forget that. I mean, a lot of people think he's arrogant. This, that, the other, which maybe is true. But he treated me in that instant with a level of kindness. And frankly, respect that I didn't anticipate. So I'll always remember that about Grant. That's a great story. So you're going back to you touching on saying, you know, your message not changing. You haven't changed. You did share this on X. This person commented on an older

8:27video. You're wanting to be wealthy. Give me 49 minutes. And I will save you decades of trying. This individual commented, everything, every time I feel low in life or unmotivated. I watched this video. Also, when I don't feel like going to the gym, I watched this video. Zubar's jabbed. I think I replied to that one with a sentiment like this. I think that is the best presentation I've given on how to get wealthy. That was in Orlando. Shout out, Andrea, for inviting me. What the audience, what you may know, not know about that speech, is that was given to a mainly Spanish speaking audience. So I had a lot more, I had a better cadence because I had to let the translation go from English to Spanish so people could keep up. But yeah, I've actually watched that presentation. It's one of the few videos I've watched of myself. It's just weird watching yourself. But I really do think that is as long as you can stand the swear words, I think

9:28I do swear a little bit in that one. Maybe more than a little bit, probably a lot. So don't watch it around kids. But I do think it's the best live presentation I've ever given. I really do. And now here's some more praise for you. But on X, this individual had a post and it says, nobody told me, oh, actually for the original post was no, no, no, this cannot be my life for 30 plus years. And someone says, nobody told me this when I started working in 9 to 5. It's not even in 9 to 5. Every job I've had has been 8 to 6. You get home, cook dinner, and don't feel like doing anything else for the rest of the day. And it's right back to work before you know it. I used to play guitar and he's telling me basically talking about his life and this other person comments, how do I get out? Please help. And an Ike Hobbs who's in the school community says, you're going to see some junk answers, but I have a genuine answer for you that does not benefit me in any way. Look up one rental at a time, spend a month watching his videos. He's not a typical guru.

10:32He's got some stuff for sale, but he don't have to buy it. Figure out how to make it happen. There are tons of us that are on a steady not get rich quick, but get wealthy for short journey to freedom to real estate. It doesn't even have to be 100% quit my job type of thing. Man, it feels so good to be doing this for so long and to find so many other people like I saying the same thing. That is how you create a movement. That is how you create an army. That's how we change the middle class. That's how we get people to realize they can take direct ownership. They can get around other wealthy people or want to be wealthy people or soon to be wealthy people or wealthy people want to be or whatever you want to call it, whatever whatever that journey is. And we can just do it together, right? No complaining. We take accountability. We know the first five years suck. We know it takes a decade, but we just do the work. Dude, the 10 years are going to go by no matter what. You might as well be wealthy at the end of it, instead of miserable.

11:35And it means the world to me, guys, I take the time to write a nice comment like that. And yeah, I got a couple things to sell, but the most expensive thing I have is a $3.99 course, right? It's crazy. $15 book, $20 book, you know, school community. Yeah, these, you know, but I got 18,000 videos on YouTube for free. All right, go watch those. The five couple who's pretty big on social media also, you reposted one of their comments on it. It says, and this is to kind of, I explain to it, doesn't have to be real estate, but it says, if your goal is a millionaire by 60 by index funds, if your goal is millionaire by 40 by real estate, if your goal is millionaire by 30, started business. Yeah, I think there's a lot of wisdom in that, because I've been obviously struggling. I've had conversations with Ryan Panada multiple go around. And I think he even, I think he even agreed with me in this latest round too. If you want to become, you know, wealthy, the surest way, the most likely way,

12:39live below your means, buy real estate and wait a decade. I think he agreed with that. Where we differed is if you want to just be a, you know, a baller, then you got to own a business. And I, I agree with that. I agree with that, right? And, you know, if you want to get there quicker and you've, you're willing to risk it all because again, you got to remember just because that's the best way to get there by 30, doesn't mean most will. In fact, most will fail and fail spectacularly. But I, I agree with that sentiment. And frankly, I was on that track. I thought, I thought my retirement was going to be 401k. And then I added real estate as a buffer, right? A plus, a, you know, a little extra. And then, you know, because we kept doing the work and, you know, it came, you know, two decades earlier, right? For, like, let me just tell you, retiring at 45 is a lot better than 65. Let me just, let me just tell you, I get that 20 years back. It's pretty awesome. We'll go back a little bit to the video with the three amigos about you folks selling some rentals. But you've talked about this quite a bit. So maybe this person is newer to the

13:44community. But they've said, I've never heard anyone say that debt is an asset before Deon just did. Yeah. Again, you know, if you have, if you have a cost of capital, it, I don't know, four percent. And you're using that on an asset that's producing eight percent. And it's a levered asset at five to one. So it's really 40%. There's lots of times debt can be an asset. The problem is we're not educated. We've not talked about it. We think everything is credit cards. And, you know, by now, pay letter loans, which are horrible. But yeah, I mean, debt is, you know, most, most real estate millionaires and business owners are rich because of debt. They took on debt. I mean, I mean, just look at Zuckerberg, right? He's a gazillionaire. He takes on debt to buy his houses. So yeah, debt debt is a powerful instrument if used correctly. But if you don't, it'll kill you. So yeah, be careful. Took on debt to buy a whole island or whatever. Yeah, whatever it is. Yeah,

14:49exactly. Well, I love your videos with Cody Davis every week. There's always something to pick up there. And we all know Cody Davis, as like he said, he's like, there's boy genius kind of enough. That's the right way to put it. Hey, it works for me. Boy genius. But on your video with him on structuring deals, I think even you caught him by surprise a little bit. So Jeremy E123 comments, great video. Never thought of doing the seller finance deals with only the payment in mind. I kept getting stuck on interest rate and never considered how it doesn't matter nearly as much overall. Yeah, that's a little, that's a little twist, a little hack that I've used to win seller finance deals. Because if you focus on interest rate, that just becomes a battle. So I never bring it up. I basically do the math with them on the back of a napkin, usually over lunch or dinner or their house. Wherever they want to have the conversation, I'm like, hey, your portfolio produces 8 grand. It's going to cost me 50% to run it means there's four grand left. You know,

15:54taxes and insurance and bingo bingo bingo. The most I could pay you is three grand a month. And I'm just making these numbers up, for example, like the most I could pay you is three grand a month. And oh, by the way, we've already agreed on, I don't know, 800 grand. I'm just making numbers up. And I'm only going to put 80 K down. So that's all I could pay you. And if I could get away with the conversation without converting that 3,000 bucks to an interest rate, I win. And that's where I try to leave it. I never bring up the interest rate. Sometimes they call me back and go, hey, my brother's next door neighbors, Dennis dog walker did the math. And I'm only making 1.6% interest. And I'm like, cool. I didn't know that. I'm telling you, I only can pay you 3,000 bucks a month. So you have a choice. You can lower the purchase price from 800. You could play with the down payment or we're not going to do a deal because I'm not going to buy an alligator. And then they, you know, sometimes they want, you know, a little bit more. So maybe I'll give them 100 bucks.

16:58But yeah, it's it's really powerful, not talking about interest rates. And like I said, I actually think Cody was a little not caught off guard, but I think even him, it kind of, oh, yeah, kind of the light ball went on a little bit. But so this in this comment was on your daily financial news, demand destruction. So Toby Khan said, Zuber, great discussion with Ryan Planeta and his bald friend. I think one answer I was hoping to get when they asked how does one rental time will make someone 10 K a month. You guys dive deep into the numbers. Vegas market going back what rent was 10 years ago. They said that doesn't work. Your response was 10 to 15 years. And if you paid off properties, is that accurate? Yeah. Deon says, never pay off your mortgage. I feel like we are getting mixed messages here. I would appreciate if you and the three of me goes can tackle this one. That way, I'll know if I should acquire more or work on paying off

17:59the rental properties. Yeah, at the end of the day, I go back to what pace, the gift pace more be gave me one time and know thyself. And again, what what Olivia and I did is we ran highly levered until I turned until I didn't have a job anymore. And at that point, we spent about six months re rejiggering our portfolio. And for us, we chose to pay off a big bucket. And again, that's that's the dealer's choice, right? I lived through the great recession or in the collapse of real estate. So I knew I knew it was possible. I lived through it. I saw people lose everything. So it was very important to me to have a portfolio that no one could take. And you know, ideally, it'd be something we could survive on. It wouldn't be fun, but we could survive. And so that's what we did. Other people like Deon now say don't pay off properties, but it's no thyself. And then do the math there. For us, it was important to pay some off for Deon. You know, he doesn't want to do that. It's dealer's choice. Back to your video, we are selling our rentals

19:01with the three amigos. John Litz, who got a belt in Vegas deconstructing dreams, says Zuber, how about your next book being interviews with your school community? Perhaps the belt winners, your top 10 folks, or some other types of criteria for the goal givers. It's been a while since you wrote a book. You know, I saw that comment and got a little bolt of electricity. I think there's something there. I, you know, I don't know what it is, but I've been thinking about that for the last 48 hours whenever that comment came in. I would, you know, I would love to do a book with just the belt winners. And you know, just let's just, I mean, Mark, you're a belt winner. I mean, we could do a chapter each on each belt winner. We could do, you know, we could, we could, again, I'm just spitballing, right? Maybe I generate 10 questions at every belt winner answers. And then we do a, a back and forth, like lessons learned, like what's your unique story? I would, I would thoroughly enjoy creating a book just with our belt winners. I think that'd be a lot of fun.

20:07So if the audience wants to do it, I think I, I am down, I'm down. Toby Khan, again, on another great maybe suggestion, but he says in your video for Closure Process Review, he says you guys should make videos of all the toys you guys bought over the years. It'll be motivation for some of us. Freedom is the ultimate goal, but it doesn't hurt to buy nice things from cash flow. So I don't remember seeing that comment. I must have missed it or I haven't replied yet. That's just not us. That's just not who we are. We don't want to brag. We certainly brag to each other. We do, we do some pretty, we, we got some cool stuff. But that's just not who we are. And you know, I, I just, it's not what I want to do. I already share my experiences, right? When I travel, I still do my show.

21:09I just don't think that's the three of us, but you know, maybe Dion and Matt are down with it, but I just, I don't, I don't want. That's not the motivation I'm seeking. The motivation I'm seeking is, you know, Dion spent three months in Thailand. That's pretty cool, right? That's pretty cool. You know, Zuber picked up a second house because he can. That's pretty cool. You know, Matt, you know, travels all over the country with his kids. That's pretty cool. So um, I don't know. I mean, I see people like Ryan Panada flashing his cars and his watches and all that stuff. And it just, it's just not who I am. Yeah. Oh, and, and, and even to your point, right, even being able to pick up the honeymoon tab for white, right? Yeah, we decided that together. Yeah, we wanted to take care of our brother. And, and we all chipped in, you know, nearly two grand just without even thinking about it. So this one, we'll wrap it up with this one.

22:12This one is, is someone big in the community. I won't say their name. Okay. They, they said, if you had enough cash flow to pay all your bills with reserves to cover Capix, would you quit your W2 if you absolutely hated it? If you stayed, you would be miserable, but make 200 K a year and grow your portfolio faster. If you left the W2, you would have all the time to build your network, but be break even and grow slower unless you were able to source capital. And just to add on a little bit, this person said they've been in the hospital twice recently for stress. Oh, my goodness. Um, well, uh, again, I don't know who this was. Maybe we'll talk offline, but um, it sounds like you got to go, right? There's, there are other ways to make money. And, and, and I, again, I worked in a very stressful environment for 20 years and I saw people break down and, and just disappear. Um, yeah, when, when it gets that bad, your health is more

23:19important. Um, they're, you know, just, you know, just because you put a 200 K job behind you, doesn't mean you can't find an 80 or 100 or you can't build something on the side. So it's not a binary decision. I think a lot of people think it's binary. But yeah, dude, um, if you're in a hospital because of stress, life's starting to tell you something. Yeah, I think that's the simple answer, right? I mean, well, not simple, but pretty, pretty, I think it's staring you in the face, right? It's kind of, you know, um, but yeah, that's all I got this week. Um, I'm, I'm happy that I got, I heard that Emily Lopez is kicking off day one. Yeah, day one speaker one. Uh, yeah, I cannot imagine a better speaker, uh, Emily coming on. She did a great video. She broke down a whole construction cost of a house that was really cool of her to do. I love what she's doing. Um, we're lucky to have her. Anything else about the event, anything else? Jonathan Swanley's coming. Oh, great. That's a good. Okay. Yeah, moving it from

24:23February to January is freed up Jonathan. Uh, I can tell you what we're doing for teenagers. That's coming together a little bit more. So again, we're trying to get 50 teenagers there. I'm going to pay for everybody. But it's actually be four, four sessions day one morning, nine to 11. We're going to have them build a vision board, right? We're going to bring, uh, magazines and stuff so they can build a vision like what's the life they want? The car, the house, the family, the trips of this, the that, the this, the that. Then in the afternoon, we're going to try to figure out what their life costs. Then Sunday morning, I'm going to need help here, people bring your cash flow game. I think we're going to need 10 of them, um, board game. And, um, we're going to play cash flow with them for two hours. And there'll be winners. I'll give money away to winners. And, um, and then in the afternoon on Sunday, we're going to, we're going to find something to do for an hour on, and that's according to give them challenge or homework or activities to do after we're going to also produce a one sheet kind of what we hope you learned. We're going to give the one sheet to their parents so they can have conversations. And, uh, yeah, the, uh, you

25:26know, we're, I'm basically going to be running two events at the next session. One of them, one of them is no charge. One of them I'm paying for entirely the, the teenagers. Oh, very cool. Yeah, it's exciting. Yeah. I can't wait. This is coming soon. This right around the corner seems like. Yeah. It's eight months. It's eight months away. It's, I got to, I guess, not eight, and I guess it's 10 months away. But yeah, it's, it's going to be here soon. I'm already behind. It feels like I'm behind already. All right. Yeah. That's all I got this week. I definitely say there's, it's harder and harder. Somebody mentioned that in the comments. It is getting harder and harder to find any, uh, pushback in the comments. Yeah. They started to give up when they're wrong for three years in a row. Yeah. It's pretty funny. All right, family, take care of yourself. Thanks. Okay.