Subtitles section Play video
-
I need a third business not dependent upon my genius, My personality.
-
And this was the first business that could run by itself.
-
It was really It was apartments.
-
Unlike what you have here, you don't really have what I buy.
-
OK?
-
In the UK So these air large apartment complexes, 50 units, 103 100 units, 500 units where people rent where they live.
-
Okay, right.
-
Not these tall skyscrapers with most people buy individual.
-
No, no, no.
-
Those are one.
-
Those are single units in a big building, right?
-
That a bunch of people share these air these air.
-
I want the renter.
-
I don't want to sell the unit, right?
-
I want the I want to cash flow.
-
That was the third business.
-
Okay?
-
And why real estate?
-
Why that asset class for you?
-
You said before you only invest in things you can see.
-
Yeah.
-
You know, I've just always loved real estate.
-
I think I think most people resonate.
-
Real property resonates with people.
-
Unfortunately, most people, just by the wrong kind of real estate, you know that again.
-
It's a selfish decision tohave a home.
-
Okay.
-
Most people shouldn't buy home.
-
No one's about interesting, which is the opposite of the imams were not built for people.
-
Homes were built for banks.
-
The bank created that product to sell money.
-
You can't just loan people money.
-
You needed product in between.
-
Like when people start really understanding what I'm telling.
-
They're like, Wait, what do you just like the bank can't lend money for just money.
-
Like you need a reason to borrow money.
-
Oh, you're starting a business.
-
That's a reason.
-
But it's really risky for the bank.
-
What if a bunch of bankers sitting around drinking bourbon do we need to lend more money?
-
We gotta lend money out, man.
-
That's how we make money.
-
We get people to give us a dollar.
-
We lend it out nine times.
-
I read that book when I was a kid man, when I was 16 years old.
-
So we lend it out nine times.
-
We need something to lend the money on.
-
So back in the fifties there, like everybody should have a home, they grant everybody should have a home, right?
-
Oh, man, that's pretty good.
-
This we should call it something like the American dream.
-
You can just call it house, right?
-
Everyone should have one, right?
-
They got the politicians behind it.
-
Yes, everyone should have one.
-
And then what they did was basically those homes were built for banks, cause who made all the money on the humps?
-
Wouldn't even the builder certainly went home alone?
-
It was always the banks.
-
Ecologist was another scheme by the bank.
-
Okay, Everyone should have a proper education, but they don't have the money for, but they should have it.
-
And is they offered debt is a offered free loans to college students and families.
-
Those tuitions went up, right?
-
So we've been sold a big old fat lie and what people say when you tell him that you're crushing everything they've been told their whole life there like no grant.
-
That's not true.
-
I want to own my home.
-
Most people are gonna write me after this interview and say, Can you explain that again?
-
Should not Oh, no, no, no.
-
You should never own Lindores, right?
-
And you had a horrible experience with your first single family home.
-
By you meant nobody's done.
-
The research shows no one.
-
You've been hanging out with the wrong people, Grant.
-
Probably so that taught you a lesson?
-
Stay away from single family homes.
-
I want a certain type of person with certain type of income that wants a rental Property doesn't want by.
-
And I'm in this asset class and I know how to do it.
-
And it was I mean, we could do Look, I could come here and we could do four hours on real estate.
-
Yeah, no, I just want to cover it.
-
So Okay, but it's interesting because, like, I don't think most people know that you're like, I do this thing.
-
I mean, most people never heard a real estate guy which you're not.
-
You taught, Say, don't buy home.
-
Yeah.
-
I mean, that's fascinating statement right there.