Felipe has such a retable story, and has done some amazing things to turn a broken dream into a fountain of wealth. It's great to see a Latino represent his people so well. Bigger things are definitely coming his way... And if you say "No." He's definitely going to change your mind after you listen to the full episode.
Have listened to over 100 podcasts and this is one of my top 3 favorites! Stories like this make people like me realize that it's possible to make it out the rat race. Wish you nothing but the best man! God is good
I am too. That was messed up. I'm in Chicago and had 2 parents who were police officers. They totally missed out. He sounds like the perfect cop. But God had a different plan for him and I'm glad he push through and understands his market. He's helping people at the same time that he's doing this by helping people have housing that wouldn't be able to on their own. Sometimes, God has a different plan and its up to us to change course and not give up. I just subscribed to his channel since he responded to your comment.
I know this comment is a year old. I wanted to let you know though it may not be because he was Hispanic that he got booted. Due to racial equality laws in a lot of organizations these days, you have a certain percentage of diverse races you are required to higher. So instead of picking the more qualified candidate, they may have just needed another black guy on the force, instead of another Hispanic guy. That being said, the guy could have just been racist. It can be hard to tell based off the information given.
Lets rest the " Police Thing Mr Fellipe , I will give you your " WHY " . Why the police told you to go home, since no one else will tell you . (1) Your energy is too pure and genuine (2) Your level of honesty and inability to lie is a dis-qualifier (3) You don't have the " Killer instinct " , you love people. (4) Your unassailable integrity that you developed from watching Mama clean other people home and working her fingers to the bone and then use that money to send you to college. The best thing that happened to you is them telling you " NO " . You need to send thank you cards to all the police departments for not hiring you . Great interview and very well articulated .
I said the same thing. This is a blessing in the disguise. He is helping more people now than he will ever as a police officer. Imagine if he was a cop and he was sending kids to jail for personal usage of a harmless plant and ruining their life.
😳😱😱😱😱 Brandon!! No bull. At minute 124:10 you were asking the final question as to why people quit, give up, never get started etc. I’m at a red light with my earbuds in listening. Just as I look out my window at this store he spits out the answer at the exact same time I read the Bed it sofa store sign the read COMFORT ZONE 😱 I had time to click a pic as the light turned green. I’ll send it on IG. Unreal. I’ve been that perpetual in the fence learner but moving closer to investing. Getting ready to refinance my home with a HELOC in Santa Barbara. Keep it Brandon and David! You’re making more of an impact than you know. 🙌🏼 Tony
Allyson Edwards Hi Allyson! Yes, I’ve been going to the local SBREAI I never missed when it was on Wednesday nights but miss a lot now that it’s on Saturdays. Good luck to you!
Tyrone Harris im no expert but here’s what I found. I currently have a small $25,000 HELOC. I’m going to refinance soon with a larger HELOC. I have a ton of equity in my home but I’m self-employed and I’ve been showing too many right offs in the business which lowers my income. Last year and this year I had to increase my income and pay more in taxes. What I found is that the banks loan on what you earn not on how much your house is in equity. Even though I have over 600 K in equity, I’ll be increasing to $150K in the new HELOC. There may be banks that loan more. Key: get your credit score as high as possible. Ask several banks to give you a rough idea before they give you a hard hit on your credit. It’s free to ask. Once you have a HELOC do not be late on payments. The bank can freeze your account Good luck
This is my favorite episode so far. I can relate on so many levels. I feel like I'm trying to force a career that wasn't meant to be for me. Love this story.
This interview was so awesome. I have no idea if Felipe is aware of this but he is actually building "turn-key" systems. Two years in and he is doing it!! Congrats to you man. Hoping for you more success.
Hi Brandon and David. I just bought The Book on Investing in Real Estate No and Low Money Down and Buy, Rehab, Rent, Refinance Repeat. Great to be learning from you guys !
I agree, but i understand that they are trying to get the good out of this messed up situation. I'm still listening because he's giving out free information on how I can get started and move past the hard parts. You should still listen to his wisdom.
C2DaRok They ask guests a bunch of random questions that are not directly related to real estate, where it makes sense and is a reasonable follow up. They probably didn’t feel comfortable going there with him, but they should’ve done it.
@@BT-jt1dj This isn't "race stuff" though. It's a part of his story, and it's honestly fucked up. Wouldv'e been nice for them to acknowledge that and just quickly say, " first of all man that's terrible and I'm sorry you had to go through what sounds like clear racism. But you've overcome.. so what happened next...?".
I appreciate Felipe's story. I can't help but think that he didn't entirely do this from scratch. I'm not knocking the hustle because he did , but he also got a $30k check from FEMA at 18. Having capital to finance your dive into real estate is a huge advantage. Not saying he's not being genuine or dishonest, it's just not the same circumstances as those that are truly starting with nothing.
Totally agree. I I understand that he came out well but this should have never happened. This is why were havint problems with police because they are not approving good people to be police. They're hiring the wring people and allowing them to stay...Coming from a child of two police officers.
Heaven helps those who help themselves this young man story of hard work and dedication really spoke to me I really enjoyed this podcast thank you so much for this show and this interview
Brandon, instead of 500.01 or 500.02 just print the name of the tenant on the deposit slip that you give to them. You can give them a stack of deposit slips with the date due and their name on them.
He did not fail at being a police officer, he SUCCEEDED at becoming an entrepreneur. This may sound weird but whenever I get a “No” answer I smile, look up and thank God. That’s bc our dreams/goals are never as amazing as the plans God has for us. If you’re a believer, you know that “no” answer is Gods way of saying “Nope, your blessing is not right here, it’s over there” Be blessed 🙏
Make it happen man. Don’t let her hold you back. I just rented my first room to a tenant and my fiancé almost left me. Two days later she’s totally fine with it because she sees the potential. 600$ a / month for a bedroom we don’t use can do a lot.
love this video. I do room rentals as well. It's more of a job than an investment due to being more involved, but in many ways it allows you to have the benefits of a multi-family AND the accessibility of single family homes. It is a terrific way to start, if you're in a high rent market that has a lot of people looking to rent rooms to save money.
Thank you for keeping me motivated. You guys are changing my life in the best way! Shalove Geter you need to here her story, Mother/Broker/Property Manager/ Owner/Beast! You need to get this women on the pod she so is so inspiring and I think it would be great to see things from a property manager's perspective too. Trust me she is remarkable!
What an inspiring guy! I got so much out of this podcast! Thanks for sharing how your faith played a role in your journey. Faith, family and real estate are the main things that go through my head every day. Lol You spoke so well on all three!
26:45 Knowing your "No. Why?"... But why do we not often ask?.. The reason why we don't ask is that we're afraid that we'll get an answer that's gonna cut even deeper. We all are afraid and don't like rejection. But we need to overcome that feeling of rejection in order to succeed.
This is a very touching story. Continued success to you (I have NO doubt) Felipe. Brandon & David, I just love you guys. You do amazing interviews and make me laugh so much!
From my experience most mobile home lot owners will not allow you to buy a trailer home and then rent it out usually they have to be your primary residence because they want the neighborhood to be stable and also I think that is a very short term plan I would not rely on mobile homes for sources of income they do not last long thats why they dont build any positive equity and banks wont really touch them. I would encourage people to buy cheap homes in the midwest below market value and save cash for your first one and then leverage from there. Most you will spend would be anywhere from 15 to 20k and since you own it outright you would be able to repair it slowly and build equity.
I’m just shocked at Felipe getting that pink slip for being Latino. That is just super sad, and then people say racism doesn’t exist. Kudos to him for succeeding in life regardless!
Did he need you ask why the police rejected him? They told him... the officer said they had to many Latinos. There was an old boy network and they didn't want him in the club..
Honestly wouldn’t it have been racists and assumptive if they didn’t ask? I completely agree they shouldn’t have let him go for that reason, but he didn’t say the reason so it makes sense why they had to ask especially considering David’s background
Favorite podcast so far- thank you. I have a question, do you pay cash for all your rentals or use banks for leverage? Or a mix of both? Do you have a preference? Your monthly cash flow from rentals is $4500 ? Thanks!
Never,ever,ever give up! Its a police training philosophy & mantra sound like you had it in your DNA. Felipe, I trust that your path is perfect, not painless but perfect! great episode great story!
Felipe, the only correct answer to that instructor was, “sir with all due respect, I’m not leaving this academy unless I am forced to do so.” He likely wouldn’t have said given you any indication that you answered correctly but they wouldn’t have fired you. They want people who will never quit.
Awesome and relatable story. I wanted to know more about the numbers and a visual of the break down. The story sounds great but numbers and real life is even better. FYI you could of mentioned numbers but a vision white board of some sort helps out.
Where do you guys publish your podcasts first on TH-cam or on podcast apps because I use Podcast Addict and I get the business podcast Dave publishing butt this one shows up two or three days later
I use podcast addict as well, and have been listening to BP on it for years. The last three months, BP podcast hasn't downloaded any new episodes. I've unsubscribed and resubscribed a few times to no avail. Not sure what the problem is, but that's why I'm listening on YT now.
I don't mind the illegal immigrants who are not disruptive and are only here to earn money to provide for their family. I think they're acting as all Americans should. The only ones I am against are the ones who do not think the laws apply to them but still take advantage of our government-provided benefits. I am sure the people I am against are a small majority but the population is blown out of proportion because they are the only illegal immigrants visible whereas those who keep their head down and try not to get attention are not shown in the media.
You do know that you're an immigrant too, right? Europeans stole this country from Natives. And now yall want to act like this country is yours and no one else is allowed. No one gives a shit about the kind of immigrants you except or not except. That's not up to you. It's sad because you're a racist and you don't even know it. And you feel perfectly fine and comfortable blasting your racist viewpoint like it's valid and ok. Raise your hand if you call yourself a Christian, and put it right back down because you're not. Oh, and the person who gave you a "thumbs up" for your comment, they are racists too. Have a good racist night.
Hmmm....racial discrimination (against an American btw) and illegal immigration are both against the law and yet IQ only thinks that one is an issue. Hey, hes not responsible for administering the law so he can rent to whoever he wants. Last time I checked renting to illegal aliens is not against the law but discrimination on the basis of race is. How do you people live with yourselves, you're hypocrisy and latent racism.
Wow!! The blatant racism this young mad faced. "We have enough latino police officers already." Just crushed his dream solely because of his race. The hosts just skimmed over it like it was nothing. 🙁
Something just rubs me the wrong way the way about this podcast. Everyone in the podcast seems to accept the police department’s obvious discrimination of Felipe as something less serious and more related to Felipe not having the “right stuff.” Very disturbing. I guess we can all just sit back and accept discrimination as being one’s fault for being a minority.
Felipe Mejia sure, but for the sake of clarity, there’s nothing wrong with you (or ppl like you) because of your skin color or heritage. Saying or implying that just sends the wrong message and makes the behavior acceptable when it isn’t, despite your personal way of responding to it and using it as motivation.
You're correct. Racial discrimination is illegal in the United States, and this is one more example of how deeply racist police departments are. Very weird that the two hosts went along with him being blatantly discriminated.
@@astrojudo I'm proud of how Felipe handled the situation but I agree that situation should never have happened in the first place and the hosts didn't acknowledge how wrong that was. I know these guys are very blue-friendly and there is absolutely nothing wrong with that but their friend experienced blatant discrimination that is (I think) more outright discriminatory than most people experience and thought nothing of it. I'm glad things turned out so incredible for Felipe and I'm sure his life would have been worse if he had gotten accepted but he really does not deserve to feel any responsibility for what happened to him. It's a shame.
@@bill_the_butcher We're calling it out not focusing on it. You can see by our comments we think Felipe handled it well enough. He turned a shitty situation into an amazing opportunity and that's wonderful. But that doesn't mean we can't call out the discriminatory behavior. I took as much as I could from the video about investing and I'm sure everyone else did as well. We only made one comment on one aspect of the story and you think that means we got nothing else from the video? I'm sorry you are so offended by us talking about race and discrimination but that officer choosing to deny him the opportunity because of his race and admitting it to his face was a defining moment in his life. The fact that you want us to ignore it when we're just having a discussion about it is very immature. We can talk about all aspects of this video you really don't have to join the conversation if you don't like it.
I'm pretty sure they told him WHY? The man was a racist. I wish he would have said his name out loud. I love his spirit and his glass half full attitude which is why he is successful and a happy person. Inspiring!!
That was pure racism. It’s not about them not seeing something in him because the commanding officer was too stupid to mask his racism. He can sue that department and should. That would be a lot stronger than cowering to their racism. Keep doing well and being successful, but you can also make sure they never do that to another qualified recruit again.
It's great he was able to get over the blatant racism of that police dept. But what about the next man or woman that applies. He had a duty to report them to someone. Or even just report it to the News Stations and see if they will investigate. How many others have they've done the same thing to.
31:33 "And for some of the listeners I would tell them that that's ok you don't have to use Brandon Turner or David or everyone else's you know gimmicks or whatever to get real estate" Camera immediately switches onto Brandon Turner's look of disappointment. Poor Brandon didn't deserve that blow.
Now he’s The Godfather of CF... lol. I love the video bro. As a 29-year-old father of 4 (also a believer), I related to so much of this. Love that you’re finding your niche and tailoring your strategy to your specific market.
I really like the stories from guys not at the finish line. Would like to it to be more focused on all the variables and challenges, less about side stories and ADD/ ADHD moments. haha. Good job, though!!!
@@Felipemejiarei single famiky house converted to single bedroom rentals: the utilities are not split amongst the tenants maybe included in rent each month? Curious. Worked with a but who rented a room in a house. The homeowner split the utilities amongst the tenants in their rent.
So he gets blatantly discriminated against and we're just going to gloss over it like it was his bad luck or there were better candidates?? Maybe a podcast on racism and discrimination in real estate and how it can affect opportunities would be great. Hell, some of us can't even go door knocking or "driving for dollars" because that.
Felipe has such a retable story, and has done some amazing things to turn a broken dream into a fountain of wealth. It's great to see a Latino represent his people so well. Bigger things are definitely coming his way... And if you say "No." He's definitely going to change your mind after you listen to the full episode.
Have listened to over 100 podcasts and this is one of my top 3 favorites! Stories like this make people like me realize that it's possible to make it out the rat race. Wish you nothing but the best man! God is good
Romans116
For I am not ashamed of the Gospel of Christ; for it is the power of God unto salvation to every one who believes. 🙌🙌
I lived in Nashville for 4 years and I never saw a Latino police officer. Glad Felipe bounced back and is crushing it now in real estate
Kilduce got to grind thru
I am too. That was messed up. I'm in Chicago and had 2 parents who were police officers. They totally missed out. He sounds like the perfect cop.
But God had a different plan for him and I'm glad he push through and understands his market. He's helping people at the same time that he's doing this by helping people have housing that wouldn't be able to on their own. Sometimes, God has a different plan and its up to us to change course and not give up.
I just subscribed to his channel since he responded to your comment.
I know this guy personal, he has been a friend since college. One of the hardest workers I know!
This was a solid podcast. didn't think it was too light hearted or too serious, and the content was very motivational.
D P. Really! You should drop him a follow on Insta!
It has taken him 2 yrs, however, he has been prepping for years. That is also a huge factor to his success. Incredible episode, thank you guys
E
I'm so in love with BP, love this story (hate racism). Gonna get my 2nd property w/i 6 months.
50ish Glam get it!!!
All the best!
I know this comment is a year old. I wanted to let you know though it may not be because he was Hispanic that he got booted. Due to racial equality laws in a lot of organizations these days, you have a certain percentage of diverse races you are required to higher. So instead of picking the more qualified candidate, they may have just needed another black guy on the force, instead of another Hispanic guy.
That being said, the guy could have just been racist. It can be hard to tell based off the information given.
Anything's possible.
@@josiahhein6036 still racist
Most inspirational story I've heard in a while and I listen to positive podcasts EVERYDAY.
Lets rest the " Police Thing Mr Fellipe , I will give you your " WHY " . Why the police told you to go home, since no one else will tell you . (1) Your energy is too pure and genuine (2) Your level of honesty and inability to lie is a dis-qualifier (3) You don't have the " Killer instinct " , you love people. (4) Your unassailable integrity that you developed from watching Mama clean other people home and working her fingers to the bone and then use that money to send you to college. The best thing that happened to you is them telling you " NO " . You need to send thank you cards to all the police departments for not hiring you . Great interview and very well articulated .
I said the same thing. This is a blessing in the disguise. He is helping more people now than he will ever as a police officer. Imagine if he was a cop and he was sending kids to jail for personal usage of a harmless plant and ruining their life.
You forgot the part about trying to work with a racist supervisor…
El que se enoja pierde! Good attitude Felipe! Well done 👍!
Motivational and powerful. Level headed and smart guy, used a negative and turned it positive.
Allyson Edwards got to !!
😳😱😱😱😱 Brandon!! No bull. At minute 124:10 you were asking the final question as to why people quit, give up, never get started etc. I’m at a red light with my earbuds in listening. Just as I look out my window at this store he spits out the answer at the exact same time I read the Bed it sofa store sign the read COMFORT ZONE 😱 I had time to click a pic as the light turned green. I’ll send it on IG. Unreal. I’ve been that perpetual in the fence learner but moving closer to investing. Getting ready to refinance my home with a HELOC in Santa Barbara. Keep it Brandon and David! You’re making more of an impact than you know. 🙌🏼 Tony
@Tony Martinez I'm in SB too, and a BP listener. Have you been to the SBREIA?
Best of luck to you!!
Allyson Edwards Hi Allyson! Yes, I’ve been going to the local SBREAI I never missed when it was on Wednesday nights but miss a lot now that it’s on Saturdays. Good luck to you!
Hello. I'm looking into doing a heloc as well in order to invest. Can you give me any pointers?
Tyrone Harris im no expert but here’s what I found. I currently have a small $25,000 HELOC. I’m going to refinance soon with a larger HELOC. I have a ton of equity in my home but I’m self-employed and I’ve been showing too many right offs in the business which lowers my income. Last year and this year I had to increase my income and pay more in taxes. What I found is that the banks loan on what you earn not on how much your house is in equity. Even though I have over 600 K in equity, I’ll be increasing to $150K in the new HELOC. There may be banks that loan more.
Key: get your credit score as high as possible. Ask several banks to give you a rough idea before they give you a hard hit on your credit. It’s free to ask. Once you have a HELOC do not be late on payments. The bank can freeze your account Good luck
Way to represent believers well. Cool seeing another Christian giving God credit for his success.
Agreed!
Romans116
Absolutely! so refreshing
Amen!
🙏🏾
Felipe dropped so many nuggets of Gold!! Thank you all for inspiring and giving so much value!!
Golden nuggets?...More like golden bricks. Thank you for sharing your story. This is so inspiring and most of all doable!
Veronica Harmon thats true everyone can do this
I love this!! Felipe just described exactly what I’m currently doing!! Working on a construction job site with headphones in trying to learn!! 😂
This guy has a special niche!!! AWESOME for him!!!
When your time is right, go find that Sargent and thank him for the opportunity to make a different life.
This is my favorite episode so far. I can relate on so many levels. I feel like I'm trying to force a career that wasn't meant to be for me. Love this story.
This interview was so awesome. I have no idea if Felipe is aware of this but he is actually building "turn-key" systems. Two years in and he is doing it!! Congrats to you man. Hoping for you more success.
Hi Brandon and David. I just bought The Book on Investing in Real Estate No and Low Money Down and Buy, Rehab, Rent, Refinance Repeat. Great to be learning from you guys !
Very nice full circle moment @1:16:00 to "no" "Why?", Appreciate the content.
Funny cause I am driving a forklift as I am listening now. Also drive a tractor trailer while playing BP. Great info
Get that bread, man!
@@LPBOYCERVANTES Funny cause he was probably fork lifting pallets of bread :)
I used my income from driving trucks to invest in real estate. The good income and time @ my job paired perfectly for my 1st and 3rd properties
Have you taken action? :)
It's weird that the hosts just gloss over the fact that this highly qualified young man faced blatant discrimination because of his race.
Well this is a real estate show...
I just wrote the SAME THING! This was fucked up. I had to turn the interview off after that!
I agree, but i understand that they are trying to get the good out of this messed up situation. I'm still listening because he's giving out free information on how I can get started and move past the hard parts. You should still listen to his wisdom.
C2DaRok They ask guests a bunch of random questions that are not directly related to real estate, where it makes sense and is a reasonable follow up. They probably didn’t feel comfortable going there with him, but they should’ve done it.
@@BT-jt1dj This isn't "race stuff" though. It's a part of his story, and it's honestly fucked up. Wouldv'e been nice for them to acknowledge that and just quickly say, " first of all man that's terrible and I'm sorry you had to go through what sounds like clear racism. But you've overcome.. so what happened next...?".
I appreciate Felipe's story. I can't help but think that he didn't entirely do this from scratch. I'm not knocking the hustle because he did , but he also got a $30k check from FEMA at 18. Having capital to finance your dive into real estate is a huge advantage. Not saying he's not being genuine or dishonest, it's just not the same circumstances as those that are truly starting with nothing.
I cant Believe The Disgrace of The Police Academy! Shame on Them!! Doing Well For Yourself.. Amen!🙏
Totally agree. I I understand that he came out well but this should have never happened. This is why were havint problems with police because they are not approving good people to be police. They're hiring the wring people and allowing them to stay...Coming from a child of two police officers.
OMG this dude is a true grinder ! Humble spirit . This guy is the new Beastmode!
Felipe, your mom's story of how she paid for your college was amazing. What a great love. Your real estate success was inspiring too.
Heaven helps those who help themselves this young man story of hard work and dedication really spoke to me I really enjoyed this podcast thank you so much for this show and this interview
Brandon, instead of 500.01 or 500.02 just print the name of the tenant on the deposit slip that you give to them. You can give them a stack of deposit slips with the date due and their name on them.
Felipe is my big BROTHER!!!
He did not fail at being a police officer, he SUCCEEDED at becoming an entrepreneur. This may sound weird but whenever I get a “No” answer I smile, look up and thank God. That’s bc our dreams/goals are never as amazing as the plans God has for us. If you’re a believer, you know that “no” answer is Gods way of saying “Nope, your blessing is not right here, it’s over there” Be blessed 🙏
Absolutely the story I needed to hear. What great motivation. Thank you, and I promise not to “Dip”, and will always ask WHY!
Jacob Duane Johnson the why is same as the answer on how to
@16:00 about the wife not being okay with house hacking... it's so true. I've brought it up several times and I get shot down every time.
I know...😕
Barrett smh humility is key just pray on it bro she will she the light
Is a real pain in ass on your privacy - currently have one tenant here and annoying her trying to talk to you all time
Make it happen man. Don’t let her hold you back. I just rented my first room to a tenant and my fiancé almost left me. Two days later she’s totally fine with it because she sees the potential. 600$ a / month for a bedroom we don’t use can do a lot.
Lol! It's the other way for me. Husband says no 😑
love this video. I do room rentals as well. It's more of a job than an investment due to being more involved, but in many ways it allows you to have the benefits of a multi-family AND the accessibility of single family homes. It is a terrific way to start, if you're in a high rent market that has a lot of people looking to rent rooms to save money.
This is GOLD
Thank you for keeping me motivated. You guys are changing my life in the best way! Shalove Geter you need to here her story, Mother/Broker/Property Manager/ Owner/Beast! You need to get this women on the pod she so is so inspiring and I think it would be great to see things from a property manager's perspective too. Trust me she is remarkable!
What an inspiring guy! I got so much out of this podcast! Thanks for sharing how your faith played a role in your journey. Faith, family and real estate are the main things that go through my head every day. Lol You spoke so well on all three!
Well done, Felipe! Hard work pays off.
Razor5624 always does
26:45 Knowing your "No. Why?"... But why do we not often ask?.. The reason why we don't ask is that we're afraid that we'll get an answer that's gonna cut even deeper.
We all are afraid and don't like rejection. But we need to overcome that feeling of rejection in order to succeed.
Looking forward to hearing this info.! From Greenville, SC.
C Tech glad i could provide this for yall
This is a very touching story. Continued success to you (I have NO doubt) Felipe. Brandon & David, I just love you guys. You do amazing interviews and make me laugh so much!
It’s hard to fathom that I grew up in the same city as Felipe and also being Latino gives me hope to some day become financially free
Awesome success story Felipe Mejia!! No?... Why?...
This may be my favorite video. Definitely top 3
Just saw this, Even through its 4 years old its a great episode
this was one of the most inspirational shows
jawgua the great glad i could do it
“It pays my mortgage I don’t care how it’s been” Love this guy.
Great interview
Is he the new host of the rookie podcast?
Very cool story
Sounds good to me! He’s be a great addition. I’d love to hear more from him!
This is my favorite podcast. I've always wanted to help the immigrant community.
From my experience most mobile home lot owners will not allow you to buy a trailer home and then rent it out usually they have to be your primary residence because they want the neighborhood to be stable and also I think that is a very short term plan I would not rely on mobile homes for sources of income they do not last long thats why they dont build any positive equity and banks wont really touch them. I would encourage people to buy cheap homes in the midwest below market value and save cash for your first one and then leverage from there. Most you will spend would be anywhere from 15 to 20k and since you own it outright you would be able to repair it slowly and build equity.
Amazing and inspirational
Planetgreenzen thanks
I love you guys. You rock!!!
I’m just shocked at Felipe getting that pink slip for being Latino. That is just super sad, and then people say racism doesn’t exist. Kudos to him for succeeding in life regardless!
I love this podcast and this was an especially great show. 🏠
Very interesting tenant story, I would love to help people like that.
What an awesome guy!
Native Nashvillian investor here too!! Woot woot!
rosieos rush it
Did he need you ask why the police rejected him?
They told him... the officer said they had to many Latinos.
There was an old boy network and they didn't want him in the club..
They were racist. So, wrong. Shouldn't have been based on his ethnicity.
Thats just how police are lol
Honestly wouldn’t it have been racists and assumptive if they didn’t ask? I completely agree they shouldn’t have let him go for that reason, but he didn’t say the reason so it makes sense why they had to ask especially considering David’s background
Jordan S that’s the prob with affirmative action -qualified folks get passed over for others who meet a certain ethnic or sex criteria.
he probably got refused because they had to make space for blacks, for affirmative action
Favorite podcast so far- thank you. I have a question, do you pay cash for all your rentals or use banks for leverage? Or a mix of both? Do you have a preference? Your monthly cash flow from rentals is $4500 ? Thanks!
One of my favs. Great mindset advice!
Never,ever,ever give up! Its a police training philosophy & mantra sound like you had it in your DNA. Felipe, I trust that your path is perfect, not painless but perfect! great episode great story!
Question for Felipe, how do you financed your 6 units property? Traditional Mortgage Loan, or OPM?
Felipe, the only correct answer to that instructor was, “sir with all due respect, I’m not leaving this academy unless I am forced to do so.” He likely wouldn’t have said given you any indication that you answered correctly but they wouldn’t have fired you. They want people who will never quit.
If I wasn't determined before💪
That’s employment discrimination. This guy needs a lawyer. The settlement could fund his next venture.
definitely
Awesome and relatable story. I wanted to know more about the numbers and a visual of the break down. The story sounds great but numbers and real life is even better. FYI you could of mentioned numbers but a vision white board of some sort helps out.
That pink slip story is fucking crazy with the Police Academy is crazy. Come to Canada. Happy you made it out on top
Thanks
This is inspiring. I'm in Clarksville, TN.
Jacque C crush it
We got in trouble for asking "WHY"... When I was a kid.. Smh.
Where do you guys publish your podcasts first on TH-cam or on podcast apps because I use Podcast Addict and I get the business podcast Dave publishing butt this one shows up two or three days later
I use podcast addict as well, and have been listening to BP on it for years. The last three months, BP podcast hasn't downloaded any new episodes. I've unsubscribed and resubscribed a few times to no avail. Not sure what the problem is, but that's why I'm listening on YT now.
Excellent show guys.
Gracias
I literally listen to this driving a forklift pretty much everyday lol
David Collins same here brother
Flipping mobile homes is the way to go. Well I develop the land and put a new one on it for an easy $40k-50k. All day!
I love the ones that are more relatable like these, but I like some hardcore multimillionaires sprinkles here and there as well.
This was a good video. 👍
Could have persued legal ramifications and got a few more rentals~
I don't mind the illegal immigrants who are not disruptive and are only here to earn money to provide for their family. I think they're acting as all Americans should. The only ones I am against are the ones who do not think the laws apply to them but still take advantage of our government-provided benefits. I am sure the people I am against are a small majority but the population is blown out of proportion because they are the only illegal immigrants visible whereas those who keep their head down and try not to get attention are not shown in the media.
You do know that you're an immigrant too, right? Europeans stole this country from Natives. And now yall want to act like this country is yours and no one else is allowed. No one gives a shit about the kind of immigrants you except or not except. That's not up to you. It's sad because you're a racist and you don't even know it. And you feel perfectly fine and comfortable blasting your racist viewpoint like it's valid and ok. Raise your hand if you call yourself a Christian, and put it right back down because you're not. Oh, and the person who gave you a "thumbs up" for your comment, they are racists too. Have a good racist night.
Hmmm....racial discrimination (against an American btw) and illegal immigration are both against the law and yet IQ only thinks that one is an issue. Hey, hes not responsible for administering the law so he can rent to whoever he wants. Last time I checked renting to illegal aliens is not against the law but discrimination on the basis of race is. How do you people live with yourselves, you're hypocrisy and latent racism.
Wow!! The blatant racism this young mad faced. "We have enough latino police officers already." Just crushed his dream solely because of his race. The hosts just skimmed over it like it was nothing. 🙁
Something just rubs me the wrong way the way about this podcast. Everyone in the podcast seems to accept the police department’s obvious discrimination of Felipe as something less serious and more related to Felipe not having the “right stuff.” Very disturbing. I guess we can all just sit back and accept discrimination as being one’s fault for being a minority.
I had to use it as fuel for success
Felipe Mejia sure, but for the sake of clarity, there’s nothing wrong with you (or ppl like you) because of your skin color or heritage. Saying or implying that just sends the wrong message and makes the behavior acceptable when it isn’t, despite your personal way of responding to it and using it as motivation.
You're correct. Racial discrimination is illegal in the United States, and this is one more example of how deeply racist police departments are. Very weird that the two hosts went along with him being blatantly discriminated.
@@astrojudo I'm proud of how Felipe handled the situation but I agree that situation should never have happened in the first place and the hosts didn't acknowledge how wrong that was. I know these guys are very blue-friendly and there is absolutely nothing wrong with that but their friend experienced blatant discrimination that is (I think) more outright discriminatory than most people experience and thought nothing of it. I'm glad things turned out so incredible for Felipe and I'm sure his life would have been worse if he had gotten accepted but he really does not deserve to feel any responsibility for what happened to him. It's a shame.
@@bill_the_butcher We're calling it out not focusing on it. You can see by our comments we think Felipe handled it well enough. He turned a shitty situation into an amazing opportunity and that's wonderful. But that doesn't mean we can't call out the discriminatory behavior. I took as much as I could from the video about investing and I'm sure everyone else did as well. We only made one comment on one aspect of the story and you think that means we got nothing else from the video? I'm sorry you are so offended by us talking about race and discrimination but that officer choosing to deny him the opportunity because of his race and admitting it to his face was a defining moment in his life. The fact that you want us to ignore it when we're just having a discussion about it is very immature. We can talk about all aspects of this video you really don't have to join the conversation if you don't like it.
Would've loved to hear numbers for most of his deals.
Reminds me that I need to ask why far more often
That no but why sayin was eye opening
How much would it cost to start a flooring instillation company?
I'm pretty sure they told him WHY? The man was a racist. I wish he would have said his name out loud. I love his spirit and his glass half full attitude which is why he is successful and a happy person. Inspiring!!
Nice... Thanks.
Who's here after the rookie real estate podcast? lol
Felipe now gots a TH-cam channel it’s called Felipe Mejia
That was pure racism. It’s not about them not seeing something in him because the commanding officer was too stupid to mask his racism. He can sue that department and should. That would be a lot stronger than cowering to their racism. Keep doing well and being successful, but you can also make sure they never do that to another qualified recruit again.
Brandon - no backlash here.
What was the last book felepe mentioned 1:20:00 ish
It's great he was able to get over the blatant racism of that police dept. But what about the next man or woman that applies. He had a duty to report them to someone. Or even just report it to the News Stations and see if they will investigate. How many others have they've done the same thing to.
31:33 "And for some of the listeners I would tell them that that's ok you don't have to use Brandon Turner or David or everyone else's you know gimmicks or whatever to get real estate"
Camera immediately switches onto Brandon Turner's look of disappointment.
Poor Brandon didn't deserve that blow.
HOpe you keep on trying to be a police officer if that is what your passion is. We need good ones like you
Cookville, TN... any run-ins with Rich Froning? ☺️
He was our cross-fit coach at tech before being u know famous lol
Now he’s The Godfather of CF... lol. I love the video bro. As a 29-year-old father of 4 (also a believer), I related to so much of this. Love that you’re finding your niche and tailoring your strategy to your specific market.
I really like the stories from guys not at the finish line. Would like to it to be more focused on all the variables and challenges, less about side stories and ADD/ ADHD moments. haha. Good job, though!!!
christian328 right its relatable
How are utilities billed to the tenants?
We pay them ourselves
@@Felipemejiarei single famiky house converted to single bedroom rentals: the utilities are not split amongst the tenants maybe included in rent each month? Curious. Worked with a but who rented a room in a house. The homeowner split the utilities amongst the tenants in their rent.
So he gets blatantly discriminated against and we're just going to gloss over it like it was his bad luck or there were better candidates?? Maybe a podcast on racism and discrimination in real estate and how it can affect opportunities would be great. Hell, some of us can't even go door knocking or "driving for dollars" because that.