How to Become a Quarter BILLIONAIRE | $250 Million Dollars.

hey everyone meet kevin here in this

video we're going to confront ben mala

in his own spa and we're going to find

out how he ended up building up an

empire

[Music]

i was in the united states army

so basically you know i was

18 years old in the army

like many young men

okay and i couldn't go to college that's

because i never went to high school

nobody told me you had to go to high

school and then go to college i just

skipped high school and want to go

straight to college but they said no so

anyway basically i was in the army

uh i did some time you know a few years

out of the country they sent me back to

california i'm in the army you don't get

paid much in the army and i was in a

very high rank you know i'm 19 i'm 21

years old i'm back they sent me to

california they put me to uh so they put

me to work in an area where you have to

go out and find housing for yourself

where did i go find housing where all

the other army and navy and air force

guys stayed so i went what they call

military housing

and there was a naval hospital wrapped

the roads in a place but i worked in the

airport i had a maid baby so basically

i was in the army i read the department

of this building i could see the old

lady was having trouble managing it

and uh so i usually rented in that

apartment building my rent was 550 a

month

1987.

and i seen old lady manager building and

it was cool you know

and but she was struggling

so you know i really did have a lot of

money you know i don't even get paid

much in the army so i said hey you know

can i help you around here maybe pick up

garbage because i saw she would the guy

wouldn't come that often whatever she'd

be out there poor lady picking up

garbage around the pool it was a square

building courtyard apartments with a

pool in the middle and um so you know

she said okay let me talk to the owner

and the big shot said okay give him 50

bucks a month off his rent

i took it was that 50 bucks was 50 bucks

every day before i left

to go to work i'd walk around the

building make sure there's no paper on

the ground pick them up whatever make

sure to play slate clean

so now my rent was only 500 a month

so at 21 you

are on military on a military base and

you don't even realize you're building a

property management experience

definitely okay i wasn't on a military

base i worked in the oakland airport

running the mack flights all the flights

that went out took the soldiers to the

all over the far east and my job was to

make sure the planes got filled and took

off without no problems and if there was

a problem it was my job to fix the

problem that's what i did in the airport

traffic management coordinator

specialist for benjamin mallor at duty

sir

so anyway i lived in a building

and i got 50 bucks a month off my rent

picking up garbage all right then she

started needing help with this and help

with that and then i got to meet the

owner and then he saw things are getting

better he's making more money next thing

you know i'm turning the apartments over

for them and i'm you know but you know

i'm making extra money here and there

nickel and dime and he's making more

money because he's had less vacancy time

i could easily go to the navy base and

and phil to keep the place 100 forward

soldiers uh it was you know worked out

so anyway

she accidentally fell down a flight of

stairs and i became a manager

so i i want to just jump in here

that's what happened really because the

lady got old and you know she did

whatever she couldn't be the manager

anymore and then i i said well i told

the owner i said listen the army's gonna

give me 50 grand was a lot of money to

me back then if i signed another

four-year contract but the problem was

they wanted to send me to start learning

about bombs and all this [ __ ] and i

didn't i want a desk job so you know i

really didn't want to re-enlist in the

army but had nothing else going on in my

life so he said no no don't really ask

the army come to work for me and i'll

pay you exactly what the army's paying

you plus whatever you do for me you know

so i said [ __ ] it

and then he you know and then i started

then after i got the army he comes and

he gives me a big like the jail cell

a ring of keys you ever seen the old

westerns and he just hands me a giant

ring of [ __ ] keys by the way i own

all these other [ __ ] buildings around

town

no paperwork no not the guy ran it like

a [ __ ] show

he oh he did give me something else at

the ring of keys he gave me a 38.

okay hold on hold on before we get into

the 38

what's interesting so far is you didn't

even realize that you were getting

property management experience at 21

what you were doing is you were working

to lower your rent and lower your

expenses but at the same time you were

gaining experience helping other people

make more money you know i think today a

lot of 18 to 22 year olds getting

started think about how can i get rich

how can i make more money faster whereas

you are how can i make this building

more money while also making a little

bit of money it's an it's a different

perspective how do you feel about that

compared to the mentality today you help

somebody make money you're going to make

money too

and then you become irreplaceable to

them then you kind of right in the palm

of your hand baby because what did i do

i took over all those goddamn buildings

and they were dangerous that's why he

gave me the freaking gun and i rented

the [ __ ] out of him and i made that guy

twice what he was making without me

so i became his golden goose

except i was laying apartments i was

gonna say laying something else cut that

out um

anyway well you know they got the rent

you know hey what do you got lady i'm

just kidding i was offered plenty of

times all right so basically i i i

started managing all his [ __ ]

and uh basically we became partners

eventually why because he couldn't make

that kind of money without me he was

just sitting like a big rich guy all

over the world and uh and building big

mansions and [ __ ]

and then i was in the hood

working the [ __ ] out of the apartments

that he had and he made money so we

became partners because one day i could

say hey it's time for me to move on oh

no don't move on let me pay you more

there you go make me a partner

okay and he made me a lot of promises

and

he didn't really keep him and then i

came back blah blah blah point is

what i did was hey if you're excited

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estate and the time to do so is coming

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soften a little bit that's the perfect

time to get in but you got to start by

learning so that way you could start

doing management was my key

because if you can manage property you

can own property the only thing you're

missing is the money find the money

so i just made a [ __ ] for him that

wasn't stupid if i i started buying

little cheap crack houses you know in

oakland and fixing them up every i did

what everybody else didn't want to do

basically and i fixed them up i buy

something for 27 000

it could be a big old house and it could

be like four bedrooms another thing is a

lot of these big old houses if they're

only three bedrooms and they got a full

dining room or a parlor back in those

days you don't need it why because

section they paid by the bedroom and

nobody sits in those rooms anyway back

then you know so basically i turned two

bedrooms into three bedrooms three

bedrooms and four bedrooms you get extra

300 a month per bedroom uh section they

paid the rent your money was guaranteed

uh and i kept buying [ __ ] fixing it up i

buy it i'd fix it up

and then i'd refinance it

and then after i ended the year i got

even a better interest rate and

refinance did pull cash out because now

i had seasoning i took a property they

called seasoning when you hold the

property for at least a year and it's

stabilized then it's seasoned the banks

will loan you more money and they'll

give you a better interest rate why

because the property is less risk

anything else you want to know yeah in

the commercial world that seasoning is

important i want to know though a lot of

folks might be listening to this and

about your story with that property

manager just say well ben you lucked out

you got that manager how would you have

envisioned uh you know finding your way

without that push her down the stairs

it's total lie anybody who told you that

is a liar

never proven

uh and so what advice would you give

somebody who's like how can i find my

old lady to you know help down the

stairs well it's real easy okay

especially if you have a little extra

time even just on the weekends if you're

a student listen

i have

leasing agents

that started with me as a leasing agent

apartment complex some of them are

college students that come in on a

weekend and they show apartments uh you

know and you know whatever and they did

it part-time and they went to full-time

and they decided they liked it next

thing you know they become the uh

assistant manager and a lot of them

become managers so you can easily get an

entry level position pretty much in

almost any business

but in real estate you can get an entry

level position and if you're really good

at it and you show a lot of effort and

you make them more money then you become

an asset to them and you will grow in

property management or real estate you

could start on the ground floor you

could get your real estate license you

could be a property manager you could

get in and you could get a license

relatively easy you know three four

months of of some flash cards that

you're gonna forget all that crap about

anyway but you get your license and then

you could go work for a leasing company

or whatever and get your feet wet with

real experience but now there are a lot

of folks who watch you ben who they want

to get to this property they want to

live in this mansion they want to live

on this gulf coast they want to have

this lazy river that when you go around

it five times you swam a mile

how can they do that outside of real

estate should they

go all in on crypto should they focus on

just real estate until they get to a

certain net worth how should they do

stocks as a balance to that what's your

take on that like your ideal sort of

balance or just does anything other than

real estate even really matter

you got to do what you like if you like

real estate and you enjoy taking garbage

to turn into gold then you do it if you

you know if you have a career in

something if you invest in time to go to

college and have a career in something

utilize that career and then do real

estate in the sorry real estate is great

you could make millions and millions of

dollars in real estate without even

taking up your time okay it's very

possible so whatever works for your

lifestyle me i went all the way in i

went in and everybody around me better

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out public.com meet kevin and that's the

way i did it and it took me about a good

solid

20 years to get to the level you know

with something like this okay so

everybody's got their own path in life i

chose the path to buy everything i could

and make it worth more money and use the

bank's money and my first loan was a va

loan nobody down

okay first loan now if you weren't in

the veteran if you weren't in the

military you go fha and a lot of places

have not only to have fha financing you

can use your own county or city or state

might have a first-time home buyers

program that will loan you the money or

grant you the money

if you don't have the down payment

everybody can be in real estate okay

whatever your financial level is you

just get in there and take the elevator

up but get in

you know i i want your comment on this i

feel that

frequently when it comes to stocks or

crypto let's say crypto you might have a

likelihood of success of of going from

to become a millionaire to go from 50

000 naira to millionaire the likelihood

of success in crypto maybe what 15 20

the lottery folks stocks over time hey

maybe 30 40

correct me if i'm wrong but i feel like

in real estate you start with that 50k

you buy a house you fix it up you keep

moving on you buy another one you add

it's almost that 80 to 90 percent of

people can become millionaires over time

with real estate with relative ease as a

side hustle now don't quote me on the

statistics but my point of that is

saying i think it's four times as likely

to make it for sure with real estate

compared to crypto or twice as likely to

make it for sure with real estate than

stocks especially since you can get that

leverage early on

in a non-risky way no margin calls right

what's your take on that

i mean real estate offers you an

opportunity

to get your hands dirty and create it

yourself every property i buy is its own

little company or business that's how i

look at it okay whether it's a 250 unit

uh apartment building or a 250 room

hotel it's its own business and you're

gonna work it and make it as productive

as you can to make as much money as you

can i mean typically everybody makes

money in real estate even homeowners

people purposely buy their house down

over 30 years and say okay well at least

i'll have my house in 30 years that i

won't have a mortgage on it'll be worth

a half a million bucks i mean you know

real estate guarding making no more of

it you know that

well they are in the metaverse you know

the crypto world crypto world you see

that's all today's world it ain't been

around a long time it's a generation

three generations ahead of me

and uh it's still you know new but hey

if it works for you work it anything

that works for you in life i don't care

if you're renting bicycles at the park

which i try to do once it didn't work

out but it might work for you

one of the things that i see a lot of in

your comment sections or in your q a or

even on my channel is folks come to

both of us to some degree and and say

hey how can i take 50 grand or 100 grand

and quit my job and retire

how do you feel about that are people

rushing to the exits here you can't

leave your current stable income

i wouldn't do it until you double that

income comfortably and safely

if you match it

you can you're not going to be the same

level you know you know not whatever you

know what i mean

i would until you get to a point in real

estate where you can double your normal

stable income

you don't leave and then you also got to

make sure there's more opportunities out

there so you can keep growing right now

it's a very difficult time to grow for

people yeah i'm going to be honest i had

a lot of opportunity people don't have

today i could pick and choose any deal i

could choose 10 deals i was picking the

deals that i wanted now i take what i

can get

because there's so many people after

them is is there a possibility in your

mind that we could see real estate

prices compress here in 2022 and maybe

there could be better opportunities in

2023 or do you not concern yourself with

that so much you know in terms of timing

do you just try to find the best deal

that you can at any given point listen

market goes up mark goes down you know

if you find value you're finding value i

can't wait i can't sit back right now if

i got a 10 31 because the property i

took profit from and say i'm gonna wait

i can't wait i got a time clock you know

so i'm in a position where i have to

constantly every single day i'm looking

for the deals i do reverse 30 ones and

buy the deals in anticipation of the

future sale that i'm gonna have

all right that's every day i'm always

looking for the new deal constantly i'm

always getting ready so that's the life

i have to live you know it's a rough

life and it sucks but you know what are

you gonna do

everybody can't be me kevin you know

so how do you uh here's here's actually

i think a good one because i i've got an

answer i'm not gonna change mine i'll

tell you after you say yours

how long per day do you actually spend

looking at new deals it does it take up

most of your day or is it sort of a

fraction of your day and and it's just

you look every day you have a routine

and it doesn't take that much time what

takes the most of your time or what is

it if i'm in my normal zone i'm not

really under the gun

okay

i get

at least 300 emails a day of

opportunities sent to me why

because i went to them and said hey i'm

looking and this is what i'm looking for

i register with the brokers i go to all

the websites they got you got c-r-e-x-i

you got encore you know whatever type of

real estate you want there's a special

person out there that's what they're

selling you need to be in touch with

them and register with them and go to

their site see what they got and then

they'll start sending you stuff so now i

just sit back and let it come to me and

i pick and choose the best ones i want

you know and that's what i do i have to

devote

before i go to bed every night if i'm

busy out in the field in the day before

i go to bed i gotta look and see a few

hundred emails and make sure that i

don't miss a deal i went to go buy a

daycare center down the block it was

perfect it was a six and a half cap in

my neighborhood with a great tenant with

a long lease and the building was in

good shape and a good neighborhood

i made the offer one day after the

listing came out and somebody already

snatched it up now if i would have been

in there and made the offer the day it

came out i probably could have got it

so

it sounds like you might spend

30 minutes to an hour at the end of the

day looking at deals maybe if you didn't

want to miss something it'd be twice a

day a good deal you got to take time and

go look into the deal see i'll skim

through all the ones no no no no no

but the ones that say maybe

you got to put some time into them and

then if they really start looking good

you gotta put more time into them

okay so it depends you know one day

could have no good deals sent to me one

day may have a 10 or 20 who knows okay

so it really depends on the kind of

deals that are coming to you so you're

always looking but it's not like a

full-time job like you could work a

full-time job and still do real estate

right absolutely absolutely for the

average person who's maybe got a job

maybe they're a cop maybe they're not

even happy with their job they're

computer scientists whatever they got

their two years work experience maybe

they're even self-employed they've been

working as an agent for a couple years

or they do sales whatever they do

how difficult is it to actually start

how much do people need to be stressed

out about getting started and what

should they buy

well you know the first step everybody

should have in my opinion

is if they're paying rent stop

okay

because you're giving money away to guys

like me that live in big fancy houses

like this

seriously if you're paying rent you're

first and you're stable and you know

you're going to be in the same place for

a while at least two years you don't say

oh i'm not going to be here that long if

you're there for a couple of years you

should definitely try to get qualified

and buy a property now you're going to

buy a house for your first time

why you could buy two three or up to

four units one to four is residential

five or more is commercial you could buy

a fourplex just like the average guy

buys a house it's the same loan and even

better

the income from the property helps you

qualify to buy it

and you eliminate in most cases unless

you overpay

the first thing you'll do is eliminate

your housing expense so if you're living

somewhere and you're paying 1500 bucks a

month for rent and now you're going to

save 1500 bucks a month to rent

that's making money saving money is

making money

now in some areas i notice it's really

difficult to find those duplexes

triplex's fourplexes and some folks just

never end up buying because they get

that analysis paralysis the numbers just

don't work on them and they don't end up

getting in even into that like two

bedroom one bath house and then they

move to the three bedroom two they just

don't get in so they stay renters

forever is that a mistake then

i mean you got to keep looking you know

you got to keep looking if you can't

find a duplex drive like four plus to

buy a house

maybe you can add on to the house maybe

you can put another little house behind

it but typically if you're willing to

give up the amenities of having your own

private home and and live under an

apartment with three other people for a

year at least

okay you're gonna find something okay

maybe not in california where you're at

but anywhere else in the world the

country you're gonna find something it's

at least going to eliminate your rent

the numbers work trust me

do you think folks

you know how many expenses there are in

running a fourplex you know

nothing nothing

yeah so

is it possible that uh folks get too

overwhelmed by the idea at all of even

just getting started because they want

the perfect house that has no defects

and the white picket fence and the

three-car garage they want everything

perfect because it's their dream home

and they're going to live there forever

and they don't want to just get into

something is that a mistake should

people just get started already listen

if you if you're only looking to buy a

house for a personal reasons for the

comfort

okay you get what you pay for okay you

want to buy the perfect house you're

going to pay top dollar you want to buy

a house that has a little value add in

it you're going to make some money it's

up to you if you've got money to make

you don't care then fine buy a big fancy

house like this we ain't got to do [ __ ]

but if you want to make money buy

something that needs a little sweat

equity in it

so what what are your favorite things to

do to increase sort of the value of a

home or a multi-family building

i mean as far as a home goes you mean

you came and critiqued what you know

telling me what to do the other day do

this do that and i'm taking your advice

you came in you said you know what if

you paint this crown molding white and

it offsets all everything being the same

color it'll really pop and you were

right and then the painter turns around

and outdoes you and says hey let's do

the [ __ ] columns too now the place is

gonna pop like the fourth of july baby

thanks a lot i'm gonna raise the price

of a million bucks on that house thanks

to kevin

so paint carpet and so on what about

multi-family is there you had a few

ideas you ever throw in a pool or you

like putting greens what are you doing

whatever the need is for the property

think about what's going to help you get

more rent

okay out of that property i used to

build laundry rooms

and put machines in in the unit because

it no not in the unit that would that

would hurt well that would be an amenity

if it was a demand for that if i didn't

have washer dryers and the guy next door

or i would put a coin operated in there

in a storage room somewhere and have it

built out with coin operated and then i

collect all those quarters every month

and i'd take them to the bank and cash

them in baby i mean whatever the

property you know is gonna help the

property whether it's an amenity i put

dog parks in my apartment buildings

because pet lovers love you know to pay

rent they pay extra rent for pets

bigger deposits bigger rents give them a

dog park what is a dog park you do have

a

a fence and you put a freaking bench in

there for them to watch the dogs run

around in the bark come on as long as

they don't [ __ ] on the bark okay we put

the pet things up we go and we buy the

pet stations simple costs nothing we're

talking about like a 100 unit complex

pooper scooper stations there you go

how do you handle

the management intensity of a

multi-family versus say single family

you know multi-family is just more doors

basically when you get to a point where

you start having

maybe 50 units or more you pretty much

need an on-site manager you're going to

need somebody there to to make sure the

units are getting turned to make sure

all the rent's coming in

to make sure you're not getting ripped

off on your bills uh and you're gonna

need maybe uh at least a half or a one

full-time maintenance guy the rule of

thumb is one per hundred in my world

maintenance guys one manager

one maintenance per hundred units so

i've have a 200 unit complex we got two

in and two out i got two ladies in the

office oh i said i got men in the office

too

i got two people in the office and i got

two people outside doing the maintenance

and maintaining the place that's the way

it works

when would you say people should even

remotely consider getting into

commercial like office triple net leases

retail whatever compared to start with

your own home stop renting start with

your own home maybe get a duplex to four

plex maybe get a 16 plex but when when

do you bridge to that and is it the next

level or do you just do both remember

folks it's natural to have a lot of

questions about real estate investing

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coupon code you do whatever makes you

money and whatever you can afford to do

whatever the most is you can borrow from

the bank whatever the most is you got

for a down payment you do whatever is

within your

limits with what's in your ability to do

it and the more you do the more you'll

make and so for a newer commercial buyer

they might have to put 35 down but a

newer home buyer might have to put three

percent down so they might be able to

get a faster start then whatever works

for that person based on their value

what they got what they can do you know

i mean if it's somebody just starting

out a house is always the best way to

start stop paying rent keep the money in

your pocket now one thing i noticed is

you've got multiple planes

yet you only invest around here in

florida despite the fact that you get

all these planes tell me about people

who come and say why don't we invest out

of the area let's go invest somewhere

else

listen if you're going out of the area

and it's a type of property that

requires a lot of management even with

the on-site manager you gotta have

management above them i mean it's just

harder to do when things are spread out

i used to be in texas i was in

california uh you know and uh florida so

i used to have three states at one time

but to me i'm i've done it for a while i

want to shrink down just to florida this

way if i got a problem i could jump on

my plane and i could be in miami in 30

minutes now we're gonna do rapid fire

questions okay do you always raise the

rent on your tenants when it's lease

renewal time yes if the market demands

so

is there ever an opportunity to mix

tenant relationships with friendship

no

would you

always do month to month or annual

leases or does it depend depends on the

unit builds on the type property and so

single family versus multi-family any

rule of thumb there

single-family you know single-family if

that tenant moves out you got no money

coming in

you know with multi-family you could

have four units if one guy leaves it

ain't gonna hurt you it might cost you a

few bucks that month but ain't gonna

hurt you so maybe lease on single and

maybe that month to month is more okay

on multi is what you say i mean oh you

mean releases i mean month to month it

depends on what's the demand everything

is about supply and demand if you're in

an area where people typically want a

one-year lease you give a one-year lease

if you're in a transit area

you might want to rent month to month

so market dependent market depended

best way to get in touch with good

agents who can actually find you deals

or should you just do it yourself and

try to cut the agents out

find an agent that's selling what you

want

always try to find somebody who

specializes in exactly what you're

looking for if you if you're looking for

a fixer-upper go online look at some

fixer-uppers and see a lot of times

you'll see one agent he has a lot of

listings okay he's in the business and

he's always moving stuff find an agent

that specializes in the type of real

estate you're looking for i go to triple

net real estate agent triple nets i go

to multi-family agency every company has

a division even you go to marcus and

miller's shop uh you know and they got

the multi-family division they got the

uh commercial division they got triple

that division they got the hotel

division they got storage facility

division

it's funny you mentioned that i was just

talking about looking for an office and

talking to this one agent on the phone

about his office another agent in the

office hears i'm looking for an office

so i got one for him

i i think folks get so anxious to say

well i'm gonna get my own license and

save the two percent commission is that

pennywise pound foolish

listen if you get your license you want

to make money it will help you do your

own deal but if you get your license you

got a license to make money on

everybody's deal that you're a part of

so you're going to use that license to

make commissions on a lot of deals going

on that's the reason i have a license

would you recommend people become an

agent a lender appraiser anything in the

real estate field you'd say people

should stay away from maybe as a career

i mean you know they're all good careers

but if you want to make the big bucks

you got to buy [ __ ] you gotta own [ __ ]

okay the appraiser works for a paycheck

all right uh and it's a service i hire

appraisers just like i hire lawyers just

like a doctor doctors lawyers appraisers

bankers you know what they ought to me

they're service people not servants

you try to make them into one but

they're service people they supply a

service if you want to supply a service

and be in real estate then you kind of

have an edge on people it's like

contractors call me all the time oh i

want to buy something and uh you know i

just built this for this guy and i just

built that for that guy well if you're a

contractor

you're one step ahead of most of us

right if you are all right a guy like me

i need a place for up i'm gonna hire

contractor

all right the contractor's gonna make

profit on me

if you if a guy's already a contractor

and he's gonna do his own deals

he don't need a contractor he's got his

crew he's got his crew he doesn't he

doesn't worry about proper overhead he

knows how to cut corners he's got uh no

he knows how to buy materials he knows

the business he can save money so you

know if you're a contractor you should

definitely own real estate people need

to worry about starting to have an llc

before they have their first rental or

should they just talk to a good

insurance agent and then focus on

getting a good deal

i mean the reason for having an llc

is to protect you

from a liability standpoint if you get a

lot of good insurance and you have a

good liability policy

and it protects you that's fine but when

you start getting a lot small when

you're small you don't really get mad at

much but on a large scale if you it's

really to protect your other assets if

you go out when you buy a duplex and you

make it an llc and go out for bid

somebody falls down the damn stairs or

whatever you got the service for that

but god forbid it's beyond the insurance

limits and they can prove that you did

something wrong or you didn't fix that

step and they come after you for

punitive damages or really kind of come

after you cause even just more legal

fees

uh you know basically it exceeds the

insurance limits

they can come after your other assets by

having an llc you're protected when they

can't go outside the assets of the llc

which is just a duplex

very well last question a lot of stocks

over the last five months including

crypto have fallen 80 to 90

how often do you see people who get into

real estate investing lose 80 to 90

percent of their money

it's all based on you know the risk of

the investment that they were in apple

has not lost a kind of money a lot of

stocks are sitting at 30 to 40 big

companies right now but if you get more

risk

means you have a bigger risk of losing

money and when the [ __ ] hits the fan

more [ __ ] it's that fan that you would

say muni bonds right now i've got

millions and millions thousands of

meeting bounds

they took about a 10 hit

but luckily

okay

when i bought them

from the time i bought them they

increased 10 percent in value so

basically i just lost all the extra

profit that i had for the past several

years but you know it all depends on the

instrument if it's crypto i mean you can

lose tomorrow you know you're in that

game you want to be in that risky game

you got big rewards come with big risks

one

final ad to that is i have a rule of

thumb and i want to know your comment on

this and that's that until people get to

a net worth of 500 000

they should focus almost exclusively on

real estate real estate real estate and

then worry about the stocks and all the

other speculative stuff later focus on

getting your first one to three

properties first and building that

equity getting to know that train so you

can build on top of that what do you

think about that

i always focus on the real estate and

then the profits from real estate that i

can't put in the real estate market or

don't need to

then i place them in other instruments

that hopefully give me a return stocks

bonds uh anything preferreds uh reits

all that type of stuff that's where

you're putting your war chest and your

retirement away at but you got to take

all your money and listen let's face it

a million bucks ain't [ __ ] these days

right

there you go it's not a million dollars

is not a lot it's not a lot today okay

so 500 i go to a million if i was oh so

what you're saying is get to a million

with real estate before you get into

anything else the speculative stuff get

to a million dollars a net worth of real

estate you should actually double that

and keep putting money in real estate

but when you make a profit

put a socket away you know why because

if you ever need money you can always

run to that sock or you can leverage

against it i used i still can get 90 of

my municipal bonds that are going back

down to paying four percent they used to

pay five percent tax free baby i suck a

million dollars away in a municipal bond

back in the day at five percent tax free

that's like me making eight or nine

percent in california ten percent

okay then i can borrow 90 at a very low

rate of about a point and a half margin

rate whatever it

is ben how can people follow you to

learn more

go on youtube to ben mala or go to

bedmellow.com and if you need to get me

on the phone go to consult with ben

benmallow.com consult with ben get me on

the phone let's talk about what you want

to do where you're at where you want to

go and make some money

ben thanks so much for uh being in your

own spa six inches away from me

thank you but i make sure i'm gonna

triple the chemical uh treatment

tomorrow

sorry it got warm here

i'm telling you now

you better pee at my spa and i like you

i like the way you got dressed up at

least that's very nice thank you thank

you

all right that's good thanks ben