It’s going to be an exciting episode today! We are going to talk about building a passive income through real estate. For a lot of us, we ultimately got into this business for freedom and cash flow and that’s what we are going to talk about today with my good friend, Monaz Karkaria!

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    [00:00:00] Mike: [00:00:00] Hey, everybody. Welcome back to the show. It’s going to be exciting today. Talk about building passive income through real estate. A lot of us that’s our goal and we get into it. Sometimes we get distracted and do other things, but a lot of us ultimately got in this for freedom and cashflow. And that’s what we’re going to talk about today with my good friend.

    Monaz also here in my market.

    Professional real estate investors know that it’s not really about the real estate. That real estate is just a vehicle of freedom. A group of over a hundred of a nation’s leading real estate investors from across. The country meets several times a year at the investor fuel real estate mastermind to share ideas on how to strengthen each other’s businesses, but also to come together as friends and build more fulfilling lives for all of those around us on today’s show, we’re going to continue our conversation of fueling our businesses and fueling our [00:01:00] lives.

    I’m glad you’re here.

    Monaz welcome to the show.

    Monaz: [00:01:11] Hey, thank you for having me, Mike. It’s a pleasure to be here.

    Mike: [00:01:14] Yeah. Always, always, always good to see you. You’re a neighbor you’re in the, in, you know, we say neighbor and DFW that that might mean 15 to 20 minutes away or maybe more sometimes, but yeah. Um, but uh, excited to have you here and talk about your model and, um, I’m always excited to talk to women investors too.

    Obviously it’s a male dominated industry and you’ve been crushing it and doing a lot of great things and so excited to learn a little bit more about what you’ve been up to.

    Monaz: [00:01:38] Okay. So, um, my name is Mondelez, as you know, I am from originally from India. We moved to in 2008 and I started investing full time in real estate back in 2013.

    Um, so my story goes, um, I used to work in a bank and don’t want to name the bank right now. But, um, so I, I [00:02:00] developed a cyst and I’d gone to, my boss, asked her, could I get two weeks off for surgery? And she looked at me and she asked me, is this approved medical emergency? And I said, what do you mean? She said, If you don’t upgrade to more or are you going to die?

    And I said, I don’t want to wait to find out, but it needs to be operated. That’s what the doctor said. And she said, well, if you go for surgery this week, then your promotion that you’ve been waiting for all years, it’s going to be halted. I’m going to give you a battery. You blah, blah, blah. So I had to take over step back and reevaluate my situation and like an idiot.

    I actually pushed back my surgery. Um, long story short, it did then become a medical emergency group from a smaller one to the size of a tennis ball. And it was about to explode. So when I actually went in for surgery, then it wasn’t 15 minutes anymore. It turned out to be a two and a half hour surgery.

    And then my two weeks, which I was originally asking for became six weeks of. Covering, um, while I was recovering, of course my [00:03:00] doctor said I was the stupidest person in the world too, you know? To put my job ahead of my life. And, um, I was thinking to myself, I don’t ever want to put myself or even want my kids to have to be in a situation where their boss or their job decides whether or not you can or cannot go for surgery.

    What time you need to come to work or, you know what days you can have off because our vacations have been canceled all the time. When me and my husband traveling, we do like to travel. So I wanted to just put an end to all of that. So the day I could get up and walk. I still had. I remember it was four weeks into my recovery and I could get into my car.

    I went and I gave her my papers. At that point. I had no clue what I wanted to do with my life, but I promised myself that I will never work for anyone. Again, I don’t want to have, I just want to have that freedom of time to do whatever I want whenever I want. Um, I had read Robert Kiyosaki’s book, rich dad, poor dad a few years ago.

    And while I was laying in bed, had nothing [00:04:00] better to do. I picked up that book and started reading it again. And I felt like it spoke to me was just telling me you need to build passive income. Cause that’s how you build generational wealth. So that was at the end of 2012. That was December, 2012. So January, 2013, when I could get up and walk, I said, that’s it.

    I’m going to buy three or four rental properties. And. As long as I have that passive income, about $2,000 between 1500 and $2,000 coming in from each one of those properties, that is enough for me to have the lifestyle that I want to bring to the table and to never go hungry again. So the job went out the window and I was like, great.

    That’s that’s it worked like magic for me. So that’s when I decided to buy three rental properties. And then my ultimate goal was to teach people yoga and meditation. How different thoughts, but that, that didn’t happen. So I always think I call myself an accidental investor because by October that you are, [00:05:00] I had the three rental properties.

    I had 100 contract in those days, short sales took forever to close. So ultimately the following years when things really started moving for me, you’re too. But that’s when I realized that by the end of 2013, I was like, this is it. I found my passion. I love something that I’m. I’m absolutely into it. I don’t mind working 14, 15 hours, but now I’m working for myself.

    So I’m doing it for my kids and I’m doing it for myself. And then. That was it. That was when I decided to sell, because if this is going to be real estate,

    Mike: [00:05:32] so that’s great. Most people, you know, I’ve been hundreds of people obviously, and, uh, we’ve done over 1500 shows on the, uh, across FlipNerd now. And I would say there’s two things there.

    There’s always a common thread. Like the most popular book mentioned is rich dad, poor dad. Right? I think a lot of people, we actually had our, my son just turned 13. We had him read that. But in the past year when he was 12 and just trying to get them to understand, like the benefits of [00:06:00] really the kind of the cashflow quadrant, you can be an employee, you can be a business owner, you can be self employed or you can be an investor.

    Right. And so I think that that’s such a powerful lesson for people to really kind of understand. And not that you can always go apply it right away, but just to understand of, you know, where are you at and where do you desire to be, um, And I think a lot of people, your story is unique to you for sure.

    But a lot of people got to some point to where they hit bottom or they lost a job or they had health issues or they were backed against a wall. And they’re just said, that’s it. Right. And so I think there’s a lot of people that, you know, in this industry, That don’t have the level of success that they maybe deserve or want, but somehow was it’s because they didn’t really hit bottom or they didn’t have something bad happen.

    And the pain wasn’t enough for them to, uh, quit their job or do something else. They’re just like, Oh, maybe next year, maybe after, you know, this thing happens or something. And so. Um, I appreciate you sharing that story. So, so rental, so you, you [00:07:00] kind of understood the power of cashflow then, but you’ve done some, you’ve done some fix and flipping and wholesale things as well.

    Right. And I think you probably just because you’ve told me, you’ve kind of come full circle and like, you know, that’s, those are nice paydays, but that’s not the goal because it’s, it’s a, it’s a one off, right. So I did,

    Monaz: [00:07:16] I did in the initial stages, I was just doing rentals. And then I came across fortune builders and they were all about wholesaling and doing flips.

    Then I’m like, okay, I’ll do that. But then when I attended the rental Academy, cause they have a lot of friends academies within the, unfortunately the system. And then when they showed me how to do the bird, which is you buy you rehab, you refinance and you rent it out. And I’m like, if I can pull my own cash out in three to six months, And then have in finite returns on that property.

    Why am I wholesaling or $20,000? Why am I flipping for 20,000, $30,000 profit? Because my goal was to anyways, have passive income, right? Most of us come into this business to retire and to have the financial freedom. [00:08:00] And I decided, no, I’m not going to stray from my goal. Instead, I’m just going to focus and dial down on what I had originally planned to do.

    And then, um, by the time I think it was year three, it was 2015. I had about 27 rental properties. And then someone came up to me from that group. And one off, one of my mentors said, why, why 27? Like, why can’t you bump that number up to a hundred? And I’m like, Whoa, a hundred, a hundred sounds too big. And he said, well, or sounded too big to you back then.

    So try to challenge yourself a little bit more. And I’m like, all right, that’s it. I’m going to take it up to a hundred

    Mike: [00:08:35] properties. Yep.

    Monaz: [00:08:36] That’s great. It’s like you hit a glass ceiling and you create that ceiling for yourself. So you have to break free from that glass ceiling and aim higher than what you can in your wildest imagination, think that you can ever achieve.

    And that’s what it helped me do. And help me break that glass ceiling and take it to a hundred. And. We joke around in my circles. Now, people say that what will you do when you reach a hundred [00:09:00] as they are retired, but then someone said that why don’t you take it to a thousand? And now that mind is going on, like that part is in my mind.

    And I’m like, shoot, maybe I should think about a thousand.

    Mike: [00:09:09] Yeah, there’s at some point you have to decide when is enough enough a lot of benefits to scale in this business. And, you know, obviously you have enough to know. I mean, I’ve had rentals in my portfolio that burned to the ground. That was my only one, you know, I would have been in trouble, but because it’s part of a portfolio, it sucked, but you know, I still have many others that are offsetting that, and there’s always drama in a rental here and there every month.

    Right. There’s every month, there’s something. But if you have a portfolio, just like if you have a portfolio of stocks, there’s winners and losers, but overall, you know, you’re generally kind of trending up. So, so that’s great. So let’s talk a little about, Mmm. Kind of your geographic focus. So I know you actually have rentals all over the place, uh, and there’s pros and cons to that.

    Right. So talk a little bit about kind of what you’ve done, I guess. And then what you think now [00:10:00] is as opposed to, um, you know, how what’s your beliefs are on. Uh, whether it’s, uh, variety in terms of markets or the simplicity of one market or there’s pros and cons. Right. So I’ll just kind of share like where you’ve been and

    Monaz: [00:10:15] you’re absolutely right.

    I wanted diversification back then and I wanted it to be in various markets just because let’s say a tornado hits or a hurricane hits one market. I didn’t want to have that many down units in one place. And then have to figure out what I’m going to do. Also, I wanted to go into multiple States or just be in multiple.

    I have, I have even thought about being in multiple countries. So the pros is that you’re diversified when there’s a recession hitting one market, it’s not necessarily hitting another market and you balance it out. Um, but the cons is, I think my biggest con in real estate is the property management side of it.

    So you have to have a good property manager or you have to be willing to manage those properties yourself. When [00:11:00] you’re managing yourself, your phone rings in the middle of the night, saying the water is leaking and stuff like that. So I have now become this discipline to a point where I have great insurance on all my properties.

    And I literally don’t care if a property burns to the ground. I’ve very clearly told them if it starts. And it happened in December, there was a fire in the middle of the night and it was on the news. I’m like, yeah, my phone was off. When I woke up, I saw 20 different messages saying that the apartment buildings got fired.

    I’m like, alright, I’ll just call them the insurance company and have good insurance. As long as you have good insurance on the properties, then they cover it. So within 15 days I got my check. I was able to move and relocate. Most of the tenants do another place. And. It is what it is. So I don’t panic anymore before if this had happened seven years back and there’s a water leak, I would be like, Oh my God, there’s a water leak.

    I don’t panic anymore. Just pick up the phone, call the insurance.

    Mike: [00:11:54] Yeah. Or a contract that team in place. Right. Cause the truth is, is I’ve had [00:12:00] two, I’ve had two rentals burned to the ground, both, you know, like one of them, the tenant was being evicted that day. Uh, and they called it, it was an accident and I was like, come on, this is ridiculous.

    And then. Basically, that type of thing has happened twice. And ultimately, I, I, you know, got all my money back. We rebuilt the houses. They were like, they were better, better, you know, there was good as knew at that point, it was a lot of grief for a long time. But I think once you get to the point to where, you know, like I don’t do the work, right.

    So why would I grieve about it? Disappointed that it happened, you know, I don’t wish for fires or anything like that, but at the end of the day it happened and you can get upset about it, but you can’t make it. Go, you can’t go back in time and make it not happen. Right. So I think that’s how all these, uh, it’s kind of like.

    Somebody that used to work for a long time ago. When I, when I was an employee said, you kind of gave this little tip of like, well, you know, about where you basically was like, well, it is worrying or getting upset about it and [00:13:00] going to fix it. Like, can you impact it? And if not, like, stop worrying about it because it’s not that it’s easy to say that.

    And a lot of us struggle with that, but that is the truth in business. It’s like, If I can’t fix it or I can’t change it, it’s like, why grieve? Just move on. Or, you know, do go, go to the next step, whatever that is.

    Monaz: [00:13:19] So for me, it’s, it’s all about having a good team or attorneys invest, um, insurance agents. I consider them my team realtors.

    They’re all on my team. Right. So when you have an eight team and to build that 18, took a while. Because sometimes you have the bad apples and then you have to remove them and then you have to replace them with the A-players. So I know don’t stress and it’s give me a while to get to a point where I don’t stress.

    I just either called their attorney and say, Hey, this is your job. Now take it from here or call the insurance agent or call the contractor. And then once it’s off my plates off my chest, it’s like, okay, now it’s your responsibility. I still follow up with you every now and then. [00:14:00] But it’s not my problem anymore, so, right, right.

    Why, why don’t I have experts who can handle it?

    Mike: [00:14:05] Yeah. From the standpoint of geographical focus now, are you, is it your intent and most of your properties are in the Dallas Fort worth market? Is it your intent to just focus primarily on one market point forward? Or do you think you’ll still buy in other markets and spread that out?

    Monaz: [00:14:21] Well, honestly, I’ve got back and forth. I have gone back and forth on that for awhile. I do want to expand into other markets. And last year I kind of hit a ceiling where Dallas is becoming very. Um, I would say it’s becoming too hot for a rental portfolio. Cause I like to stay below them. Didn’t price point.

    The way I’ve found my sweet spot is if I stay below $150,000 in cash. And when I say cost, I mean my purchase price, my rehab costs and my financing costs. All of these three combined need to be below the $150,000 price point. Then that’s my sweet spot where I make a really [00:15:00] good ROI in the best neighborhoods.

    But what I’ve realized is that even if you find a, if you, if you really rehab your house and make it nice, even if they are not in the best neighborhoods, you can get good tenants because then everyone wants to be in that nice house. And you don’t have to worry. I really very rarely have evictions or I have problems with tenants and property management and being, being an owner.

    You are going to have eventually problems every now and then you’re going to have problems with tenants. But, um, what I’ve noticed is that that’s my sweet spot, but in Dallas, Yes, South Dallas, you can find properties now, like Chris Cole, Plano, all these areas, there’s just no properties that you can find for that price point anymore.

    Yeah.

    Mike: [00:15:43] I started in 2008 here in DFW and, um, there used to be I, so I, you know, the way that I was trained was we were buying, you know, 60, 65% of ARV, less repairs. So we’re typically buying houses. Usually I think our average was including repairs. [00:16:00] 25, 27% of ARV. Right. But they need repairs and they’re in distress.

    And so they’re not, they weren’t worth a hundred percent of the RV. Right. But, um, when I go back to that time, um, I said, another way, what you just said is DFW is becoming less affordable than it was in the past. There’s been an appreciation here, which is if you’re holding properties, that’s good because you get all lot appreciation.

    If you’re trying to buy more, it gets harder. Right. But. I’ve I’ve said several times, like if we could go back to 2000, you know, eight, nine, 10, 11, 12, and that range, like you could literally in that kind of six year period or so, uh, for, I guess, four to six year period, if you could go buy every house right off the MLS will retail price, you know, not buy it.

    Just, you buy a hundred properties a month that are under like 125,000. And you would look like an absolute genius right now because of all the appreciation that’s happened. And so then the question is, is like, well, could we [00:17:00] say that same thing 10 to 15 years from now? I don’t know. That’s the risk, right?

    Is you don’t know what’s going to happen.

    Monaz: [00:17:05] Yes. But see when you’re doing rentals, that’s what I’ve learned from one of my mentors is the right time to buy a property is always now because you don’t know, like 30 years from now, Properties are always going to appreciate it because land will appreciate maybe your household, but the land is going to appreciate, and you’re buying an appreciating asset.

    You’re not buying a car. So there’s always one shortage. Like right now I’m looking at properties on the Lake on Lake close to five years ago. When I was looking, there were like 500 properties available today. There are five, literally five. And like, I have to pick one it’s like pick one or even these five will be gone soon.

    So it’s demand and supply, I guess. Yeah. It’s it’s crazy. I mean, I started, you started in 2008. I started in 2013. And even if I could buy all the properties in 2013, now it would still be, make me look like a rock star today.

    Mike: [00:17:56] Absolutely.

    Monaz: [00:17:57] Yeah. I really wish in hindsight and [00:18:00] hindsight is always 2020. People were telling me, don’t go to South Dallas, don’t go to DeSoto.

    Don’t go to this area. Don’t go to that area. We could buy a house for $5,000 in Dallas. I wish I’d just gone and bought an entire street like this.

    Mike: [00:18:13] Yeah, I have houses that we paid 15, you know, 10, $15,000 for that are worth 150 now, like literally 12 years, you know, now we’ve put repairs into them and other things, but it’s, it’s been, it’s been massive and a lot of markets are that way.

    So let’s talk a little about one of the benefits of purely focusing on rentals. And I know you take advantage of this is when you’re a wholesaler or you’re fixing flipper and you’re buying direct from seller. You have obviously a marketing costs. You have to have. We talked about this. It’s it’s really the acquisition side of our real estate investing business is.

    A business in and of itself. Lead-generation acquisitions taking calls following up forever. And that’s my model. But in the rental model where you don’t have all those expenses, it allows you to effectively pay more for properties. Not that you always want to [00:19:00] pay more, but you’re willing to pay more because you don’t have those costs.

    Right. So it’s kind of like going to Costco versus going to the local grocery store. You’re going to pay more, but the convenience of going. A block away versus 10 miles away is, is kind of there. Right. So, so you primarily focus on buying from wholesalers. Sometimes he would offer the MLS other investors and just through networking and things like that, right?

    Monaz: [00:19:22] Yes. So that’s, that has been my focus in the past because I’m like, if I’m already able to, as long as the numbers work for you, right. It really doesn’t matter how you buy or where you buy it from. And for me, I don’t mind sometimes going up to 80%, if it’s moving ready, if I don’t have to do any repairs and if I can list it, if I can buy it today, enlisted tomorrow, or sometimes I even buy it with a tenant in place.

    It’s cash flowing from day one. Yeah. And then I don’t mind paying the 80% instead of waiting for a 70% deal because I, I don’t have to worry about repairs. It’s cash flowing from day one. I just have to wait a couple of months, season it, and [00:20:00] then go to my banks, my local banks, where I can refund. That’s it pull all my money out.

    And once I’ve pulled all my money out, I really have $0 down in the deal. And then it’s in finite returns because even if I’m cash flowing 300, $400 on a deal that I don’t have any money down from my pocket, it’s an infinite return. And it’s it’s for me. It’s a no brainer. You can’t go wrong with that.

    Mike: [00:20:21] Yeah. Yeah. And refinancing, a lot of people ask about longterm rental financing and, um, you know, if you’re inside of your first 10 properties, you can generally get Fannie or Freddie type money, but. Then you get to a point to where it’s like, you either have to use a national hard money or that might also do longterm financing, which I think through the COVID stuff, a lot of most have gone away from that, that I’m sure that’ll come back, but it’s either there or it’s not.

    And, or you could do what I know you do. And what I’ve done is local banks, like smaller community banks that, you know, um, that are, that like real estate. Right. So talk a little about how you kind of refi out.

    [00:21:00] Monaz: [00:21:00] So these smaller community banks actually want to, to be in your area. They want to lend in your area because they know your area very well, and they don’t sell their loans to Fannie and Freddie.

    They keep those loans and their services for 15 years, 20 years, however many years they keep it. So they don’t have to follow Fannie Mae Freddie Mac guidelines, which is why even after you’ve reached, reached your 10, 15, 20 properties, they have. Their numbers. Okay. And each bank has their own guidelines on how much they would lend to an individual investor.

    So a one I do is once the rehab is done and it’s on the market, I immediately go to the bank and say, Hey, my property is ready. Let’s say I buy it for 80,000. I put 20,000 into it. So now I put a hundred thousand into it. And, uh, let’s say my financing costs is another $10,000 financing, closing all of that.

    So it’s at 110. I’m not after three months. I usually have to wait three months for the seasoning. [00:22:00] Some banks don’t have that three months. Some banks have six months. It just depends from bank to bank for the seasoning. That is the amount of time you should have from the day you buy the property till you’re refinancing.

    And then they will tell me, okay, we will give you 70% of ARV, 80% of ARV or whatever they are. Let’s say the property appraises for $180,000. Then they give me a loan for 130. So I only spent 110 they’re giving me a loan for 130. Now that extra $20,000 goes back in my pocket. Hmm.

    Mike: [00:22:34] So are you typically pulling, I mean, you always have the decision to say.

    I can pull equity out or I can leave it in and cashflow a little bit more. There’s a balance there. Right? How do you, how do you make those decisions? I mean, we all want money in our hands today, but we all value, uh, you know, bigger payments over time.

    Monaz: [00:22:49] If it appraises for more, I always before cash in hand today, because then that extra 20,000 that I get along with whatever I’ve paid in before I go and buy more properties.

    Yeah. [00:23:00] So that’s why I feel that if I wholesale, I make 20,000 or if I live, I make 20,000 and that’s it. Okay. I’m never going to make another dollar off of that property again, but here I’m making the 20,000 is going back in my pocket. Plus I’m cash flowing every day. Not every day, sorry. Every month. Um, but it’s for the rest of the, the life that I want to hold the property, let’s say I hold it for 20 years and then I decided to sell it for appreciation because now this property is going to appreciate it.

    The government is going to allow me to take depreciation against it. I’m also going to get tax benefits in terms of the mortgage interest that I’m paying, because I’m running it as a business. So this is the multiple benefits to having the rental property from a tax perspective. And if you just look at the ROI, then that’s not how you traditionally look at it the way I calculated it, I’m getting depreciation on this property.

    So that’s also technically money back in my pocket. And then the mortgage is just that I’m getting a benefit for that’s also money back in my [00:24:00] pocket. And then someone else basically is waking up everyday, going to work me a third office paycheck and giving it to me. So it’s mailbox money for me. I don’t have to get up and go to work.

    They didn’t have to get up to go work. Yeah.

    Mike: [00:24:12] Yeah. That’s awesome. So, so what do you, um, in terms of, uh, you know, where do you, where do you think things are going from here? I mean, I guess one of the benefits of, of having properties in multiple markets, like a lot of people understand that conceptually you’ve actually done it.

    You know, the pros and cons the pitfalls is it allows you to shift in and out of markets. Like if you feel like DFW is getting too hot, you can go to, you know, somewhere else in the Midwest or whatever that you feel like. Um, still has plenty of opportunity. That’s one of the benefits is you you’re flexible and where you invest, right?

    Monaz: [00:24:45] Yes. So, um, I guess at this point, For my future. My goal right now is to get to my a hundred properties as quickly as I can, hopefully in the next two to three years. And then I will reevaluate and see what I want to do, whether I want to [00:25:00] go bigger or whether that’s it. And I want to focus on what I am passionate about because I also love coaching and teaching and helping people.

    I love to travel. So I might, and I’ve already incorporated travel into my business. I love to go for all these networking meetings and all that. So that, that helps out a lot, but I honestly don’t know what I’m going to do. Maybe I decide, all right, I’ll go to a thousand at that point. Or maybe I decide that’s it.

    And I just keep watching. So what I do at the end of every year is I try to see which ones that cash flowing well because taxes are taxes have changed. You’re in Dallas. Like the properties that I used to make a lot of money on. Now, my taxes are four times sometimes like properties that I would buy for 50, $60,000.

    They appraised for $200,000. So now my taxes just jumped and although I’ve tried to fight them multiple times, the County says, sorry, this is what properties are selling for in this area. This is what you’re going to pay.

    Mike: [00:25:54] Yeah. Yeah. That’s, that’s, that’s the, the ugly side of all the [00:26:00] appreciation is excellence.

    Right? So, uh,

    they’re always going to get there. They’re going to get their piece too. Yeah.

    Monaz: [00:26:10] So that’s what I’m saying. They want to share by two, they’re going to say, no, sorry. We don’t care how much you paid for it, but this is what properties are selling for.

    Mike: [00:26:16] Now. We’re on another podcast right now saying all these people buy properties and they do all this work and they go to work every day and they pay me and I don’t have to do anything just like you just said, but they’re like, they’re upstream.

    Right? So. Yeah. Awesome. Well, Hey, you’ve been a member of investor fuel for a little while now, about six months or so. Uh, we just had our meeting last week and obviously you were there, uh, physically, we got to get together in person and of course we did it virtually as well, but would you mind sharing? I know you’ve been a part of a lot of different groups who’ve been around for a while now as an investor.

    Would you mind just sharing a few, you know, a few thoughts on your experience and investor appeal

    Monaz: [00:26:51] so far? So I really enjoyed meeting. High caliber investors. Okay. That was what I really liked. This, everyone in that group is [00:27:00] doing something it’s not new investors that are doing one or two deals, but it’s people that are operating at a much higher level doing maybe 20, 30 deals a month.

    Some of them, and they’re doing wholesaling, they’re doing something that’s I think is really, really tough. Okay. And hats off to all those people that are wholesaling and. You know, bringing all the deals and generating all the leads and all that, because that’s a lot of work that’s essentially, you’re creating another job for yourself.

    It is, it is time consuming. It’s a lot of work and I want to learn how to do that, but I definitely don’t want to do it myself at some point I want to delegate. So I like to, I learned to do it. Okay. Master it, maybe for three to six months. No, or like, this is how it’s done and then bring someone in, train them and delegate.

    That’s how I buy my time back. So I think it’s an amazing group of people. They all have brilliant ideas and it is basically to help you grow and take yourself or your business to the next level. So just, it’s a fabulous group [00:28:00] of people. Awesome.

    Mike: [00:28:02] Thank you. Thank you. Monez if, uh, I know that if people were in the DFW market here or interested, uh, in getting to know you better or maybe doing deals with you, they can reach out to you and, you know, people, I guess anywhere, if they, if they wanted to learn more about you or connect online one way or another, what’s a good place to go connect with you.

    How can they

    Monaz: [00:28:20] connect? They can email me and my email is Ben’s and properties, LLC. At gmail.com. It’s Ben Z N properties, LLC, at gmail.com or they can look me up on Facebook and Facebook is again, it’s bends and properties, LLC, on

    Mike: [00:28:39] Facebook. Okay. I had a link to the Facebook thing down below there. And folks want to reach out to you.

    I know you’re, you’re very passionate about kind of coaching and sharing your knowledge and doing deals with people that you know, and all those things. So, and you, Oh, by the way, real fast, I said Dallas, but you say, say real fast again where you were all, you have properties that I [00:29:00] know you have properties in lots of us markets.

    Monaz: [00:29:02] Well, I have, uh, Indiana, Florida and Texas in Dallas, DFW I in Dallas, Dallas, Fort worth and Houston as well. Okay,

    Mike: [00:29:13] awesome. So far if you’re in any of those markets and you’re looking for somebody to partner on deals or connect with, monads go ahead and do that. So thanks for sharing your story today.

    Really good to hear it and glad you could share it with everybody.

    Monaz: [00:29:24] Thank you. Thank you. It’s my pleasure to be here.

    Mike: [00:29:26] Yeah. And everybody, thanks for joining us on the show today. Hopefully you got some good value. If you haven’t yet checked out the investor fuel mastermind. We have another meeting coming up fast.

    We actually are way more than just a quarterly meeting. We have all kinds of amazing things going on. Clearly weekly trainings and, uh, accountability groups, and really just it’s evolved. We’ve evolved to a much more than just four quarterly meetings for sure where we’re a community and a family 365 days a year.

    So just go to investor people.com to learn more. Appreciate you joining us on this show. If you can subscribe, if you haven’t wherever you’re watching, you’re listening right now, iTunes, Stitcher, Google [00:30:00] play YouTube. Of course you can find all of our [email protected] So thanks for joining us today.

    We’ll see you on the next show.

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