Seizing Opportunity through 2 Full-Time Jobs, 28 Doors, 16 Airbnbs, a Lake House & $80k/month Cash Flow w/ Yaamu Camara (2 of 2)

[00:00:00] Patrick McGrath: and for everyone that missed it earlier, when she said that was in 2020, she bought eight doors in 2020, the duplex, the Plex and the five unit package. Then the two Airbnbs. So we're at June of 2021 right now. So this is within, 14 months. I'm just trying to keep everybody up to date on this story, cuz it's absolutely amazing.

[00:00:22] Intro: You're listening to the real fi podcast where we discuss time, tested tricks, techniques, and strategies for pursuing financial independence today so that we can enjoy a better tomorrow financial independence. Isn't about getting rich quick. It's about cultivating a foundation to grow financially, mentally, physically, and spiritually.

Let's figure out how to kick the nine to five. Hear your hosts, Patrick and James. 

[00:00:52] Patrick McGrath: That's your first one. So then you went out and did that seven more times, right? 

[00:00:58] Yaamu Camara: I did. So when I was applying [00:01:00] for the force one mind you I'm building my credit. So I'm very careful how I do it. So I know.

[00:01:05] Based on research, again, listening to people that know what they're talking about and following the people, when your credit is run within like the seven to two hour period, it doesn't before the other one checks it. They could, it would take I think think it's seven to two hours or something 

[00:01:21] Patrick McGrath: like it's they could run it, they could keep running it again at different places.

[00:01:25] And it wouldn't lower your score. 

[00:01:26] Yaamu Camara: Exactly. So that's what, when I was applying for the first property, I applied for two units, but I did since I didn't wanna put in all the money right away and do a move this month and I moved it out two months. So the first one was April 17. My second unit moving is two months after.

[00:01:43] So I already had that unit. I'm just waiting for the time to come for me to collect my keys. So all the money that I have from here, I saved it up from the first month, pay off the furniture stuff. And I used that as well. To buy the furniture for the next one. So I went back and did the same for the second unit [00:02:00] and paid up at 90.

[00:02:01] So when I, and for that one, I actually got full force rent. They were doing a special force rent first month, rent free, but I get that in the second month. So the second month was all cash flow, nothing, no bills at all. But at that point I was already making three, six. So at that point it was like 6,000 for that unit for the second.

[00:02:19] So 

[00:02:19] Patrick McGrath: you got two at the same so two at the same? Yeah. Yeah. Two at the same one, but it was, two months apart. So within two months you got two Airbnbs cranking out 2,800 bucks a month with free furniture that you didn't even pay for because you got a special from the furniture place. All right.

[00:02:37] You've already got, and for everyone that missed it earlier, when she said that was in 2020, she bought eight doors in 2020, the duplex, the Plex and the five unit package. Then the two Airbnbs. So we're at June. Of 2021 right now. So this is within, 14 months. I'm just trying to keep everybody up to date on this story, cuz it's [00:03:00] absolutely amazing.

[00:03:01] So that's where we're at right now. So somehow in this time you got, you have six more that are arbitrage, is that correct? Yep. I got six more within six more that are arbitrage. And how long did it take between. That first one through the eighth one. How long did that 

[00:03:18] Yaamu Camara: take?

[00:03:18] I think it was like a month or so, cuz I was like, this is insane because this is what I, the other properties I have to come out of pocket and put all that money in with this one. I don't. And at this point I have so much cash flow coming in one account. Cause my rentals rents were coming in and I have these two Airbnbs that are making me spend money.

[00:03:36] And this is the thing. There's no work to be done. That unit. I don't have to be there for, I haven't been to that unit. I'm gonna be in that unit July, cuz he moves out in July. 

[00:03:47] Patrick McGrath: So I'm just gonna say I feel absolutely, like I thought I was doing pretty good, but I feel absolutely so lazy right 

[00:03:54] James Rippeon: now.

[00:03:54] Yeah. The, I can't even put in the word I'm sitting here fidgeting. Like we're not watching the video, Patrick and I like [00:04:00] grabbing our hair, shaking our heads. Like it's the thing is like there you're not reinventing the wheel here and something you keep saying over and.

[00:04:08] Is that you're going to the resources and listening to, and following what people have already done successfully. And not only that, but learning from your end mistakes and refining that over and over from the, starting with the story of getting the bad tenants, the bad lease up on the rent roll.

[00:04:22] Like you're not making that mistake again. And once you're finding out how things work, you're fir on all cylinders and you're repeating that process and capitalizing on those arbitrage opportunities, whether it's your buy and hold or your Airbnb nurse rental opportunities. So I think that's, it's incredible.

[00:04:41] And that's the only way to describe it. This is 

[00:04:42] Patrick McGrath: awesome. It's absolutely incredible. And now I want to jump into this next part right here that even got this whole conversation going. All so now you have eight arbitrage Airbnbs. . That's bringing in [00:05:00] almost $18,000 a month.

[00:05:02] Cash flow. If anybody's doing the math out there. So you decide, you know what, I need to buy my own property. And try to figure this out. So let's go ahead and break down your eight unit deal. Yeah. And I definitely want to hear that one from the start because that's how this whole conversation has even happened.

[00:05:25] And I think for everyone out there, you're gonna wanna perk up, get your notepad out. So break this next one down 

[00:05:30] Yaamu Camara: for us. Oh, that's my baby. I love that requirement conflict. So at this point, I'm looking at it like, again, this still gives you the, that gives you an idea of the mentality. When you follow people that are doing stuff that you wanna be people that are where you wanna be.

[00:05:45] Cause you're not thinking, okay, I'm gonna go get more about you. I'm like, how about I get my own apartment complex now I don't have to pay the. But it's all mine. Like everything that's coming in the Airbnb is mine. At this point, I've worked with different nurses. And I know like at [00:06:00] not COVID nurses are getting so much money.

[00:06:01] Like these nurses I will charge at some point I wasn't even putting the units on Airbnb. I'm putting on fun finder. Cause now I'm targeting just nurses. Cause I know how easy it is with nurse. I don't have to deal with them. Their minimum stays three months. I don't have to deal with you for three months and I'm getting 3000 some change.

[00:06:18] One of the units I booked, I rented it to a movie executive in Midtown. This guy was paid. I was like, let me opt the right a little bit. Cuz at that point it was direct. So when I saw his post on funny, find that he's looking for a place for six months possible eight. I was like, let me reach out.

[00:06:34] Even if I'm getting a thousand dollars, but I don't have to deal with him for eight months. So I was like, I saw that his budget was three, 4,000 plus. That's what he put. I was like, okay, he's a rich guy. Okay. And he's a movie exhibit he put in instruct the, you have the option to write.

[00:06:47] Okay. I have, I work for the movie crew. I'm coming to Atlanta for this blah, blah blah. So I was like, okay, lemme see if I can actually opt up the price for him. So he actually was like, I don't, he, his [00:07:00] assistant were booking for him. So they were like we can't give you. I was like if somebody's gonna stay at my place, I need to know who it is.

[00:07:05] They say he's a so celebrated sort. He's a pop, public figure. That's all we can tell. I was like, it's against the rules. For me to rent out to somebody without Airbnb rule. So if you want direct booking, then they'll like we are not, we're not, we don't trust direct booking cause we not, but we can do Airbnb then.

[00:07:24] So I send them MYB link on that unit and then went and book the unit for I went, when I send them the late I changed the numbers, increased their numbers and I sent them the link. So it was like, I was like, I think it was like 180 a night or something. This they're still booked it. It's not their money now coming to think of it.

[00:07:41] Cause it's the cruise money, whatever. So they booked it and it was, I was making like a lot of money that it didn't even make sense. It felt like drop dealing like really? So that kinda, I was like, okay, from now on, I'm gonna do target funnies finder. I'm gonna look. Short term rental people that are looking for funny fines.

[00:07:59] So I get into [00:08:00] funnies fine. And I was getting this nurses. If I see that their budget is 3000, plus I go increase my numbers to meet them. Cause it's direct booking. So I'm getting collected everything. So at this point I'm making a lot of money on Airbnb and shortterm rentals, like direct booking.

[00:08:13] I was like, how would I get my own place? Like, how about how would it feel if the apartment company is mine, I'll get to keep all the money. Cause if I'm getting 6,000 or 5,000 from one. Per month and I'm giving them 1200. How about I to keep all the 500 or all the five, 5,000, 6,000. So I was like, okay, I'm gonna, I already know what nurses is looking.

[00:08:33] And I know that nurses are paid more now cause of COVID and they're transferring them from different hospitals. And I was like, okay, I'm going back to my roads Midwest. There's a cheaper way I can afford it. So I look for a place. So I saw this apartment complex on, I think it was Zillow or Twilio, whatever, what I'm looking, I'm working with edges, but I'm also looking myself, like when I have time I'm looking at this analyzing, I love analyzing this at this point.

[00:08:57] So I saw this property, it was a eight unit apartment [00:09:00] complex, and I checked that the, it was so three years, two years ago, 2017, the seller bought it. Like you can check the history of when it was bought how much I was like, wow, that doesn't make sense. It was bought for this price. Now he's selling for one 40.

[00:09:16] 45 or something. So I was like, it's listed for sale by owners. So I contacted him and I engaged him, talked to him. I was like, I know I don't have like for cash and stuff. Would you be interested in like financing? I was like, no, I went out. We have, we started investing two years ago. We have a tenant a tenant in the basement started fire.

[00:09:34] So smoke a cigarette by a fire. And now we have all this violation, but I'm working with the city to get rid of the violation, but my wife has doesn't want anything to do with it. We had bad contractors. We went through hell, we just wanna get rid of it. So I know he's desperate. He was like, at that point, he just listed a few days.

[00:09:50] So he was you know how, oh, it's gonna get set so right. But then when people come, they walk in, they walk up because of the violation and the fire stuff. But for me, what I saw was [00:10:00] worse and he didn't see that was this property was one mile away from one hospital. And 1.6 mile, exactly.

[00:10:07] 1.1 mile, one mile from one hospital and 1.6 mile from the other. That's what I sold. I haven't seen the property. I just knew after rent the numbers, I was like, no matter what, even it's a small city, even if they pay me thousand dollars per unit, I know I'm gonna make money. Cuz it's just one 20. I knew it needed a work.

[00:10:24] I was like, I'm patient. I have to work with the city. I went back to the bank and I told them about the deal. This is after they told me, they thought I was crazy. the vice president of the local and was like, I really thought you were crazy. And this is so interesting. Cause I get, I got the vice president to start investing like me, this isn't that crazy of the bank.

[00:10:42] It's you have to teach me how you did this anyway. So the property was like 1 45. I was like, and I was like, what's the list that you would take for this property at this point? He's desperate. It's two weeks, three weeks in right. Nobody's buying, they're working. They walk out. Some people don't even show up in the showing.

[00:10:57] And he had, he was working in all hours. He [00:11:00] had a job where he couldn't do a lot of showing cause so people couldn't get. I'm patient and I've, I have mind you, I already have my contractor and my team set up already. So my contractor went in there to look at it. He said it needs a lot of work. We did a video.

[00:11:13] I did a video work through with the seller. I also did a video work through with my contractor. He went in there, did his, he was like, it's gonna cost 80, 85,000 and max. Probably a hundred thousand, but we can save here or there, but I will say I was like, okay, write me the estimate again.

[00:11:27] When you are going to the bank, nasal, your deal is cut. Analyzed. You can, they can ask you how much is it gonna cost? You can say I think it's gonna be no. Get the contractor to get the numbers for you. Write the invoice. I had to write everything. Analyze everyth. The Florida's gonna be this is what I want.

[00:11:44] And I already know what the nurses will look for. Cause short term renter is more of the pictures of how the place looks, right? So I know research slides will be something that I wanna put in. I wanna paint it bright. So everybody can like, when you see the picture is gonna attract you, I want nice floor.

[00:11:58] There's short, they're staying there for short [00:12:00] term. So I know that whatever money I put in, they're not gonna wear and tear the place. So I have the contract to put all of those numbers down. When I was presenting the deal to the bank, everything is ready. This is the number. Like she knows how stuff at this point, they're seeing the payroll, the rent coming in from the Airbnb and the section aids and long time tenants.

[00:12:18] So they were like, oh yeah, at this point we all deals together. So they were like, are you sure you wanna buy this property? They don't, this is the thing. There's a difference between investor, even though if somebody was working in a bank, doesn't mean they know how to invest in real estate.

[00:12:32] They exactly, yeah, that doesn't mean they don't know. Like they, they don't even know. About my short term rental, how I'm making money from somebody's property. They don't even know that. So just because they're in the banking, finance field, doesn't make, they know how to, how to analyze stuff.

[00:12:46] So you have to break it down to them. Like how you, I got a quick 

[00:12:50] Patrick McGrath: question. I got a quick question. So did you ever think about just paying cash for it or you wanted, you were like, no, I wanna find it. I don't wanna put my 

[00:12:59] Yaamu Camara: [00:13:00] money, all my money in there. Nope. No way. No I love to see that money come in. If I can get financing, that's the first option I would do.

[00:13:09] I know that they didn't do it. I have to find a way to get that money, but I don't wanna do, I wanna use all the people's money I use OPM 

[00:13:17] Patrick McGrath: everybody. Oh, no. OPM 

[00:13:18] Yaamu Camara: baby. All the people's money is the best way. So they were like okay. You sure you're gonna rent this one bedroom in this small town. It was like 40 something thousand people.

[00:13:28] It's a small town. I don't care. I'm not targeting the people of the town. I'm targeting the people that are coming to work in the town. So analyze the deal, gave them the documents, everything. They were like, oh, I'll get back to you. And they gave me the approval letter and they were like, are you sure?

[00:13:42] Cause they probably pulled up the street and pulled off the property information. But I thought to send them video of my contract of doing the work through and the numbers and everything. So they already have everything in place. They were like, you sure this place one bedroom in this place will rent for a thousand.

[00:13:57] This is what I was thinking. I was like in Atlanta, cuz it's a bigger city, right? [00:14:00] It has so many things to do. So if I'm getting this much there for a property that I own, even if I get a thousand is perfect for me because a one bedroom there, a one bedroom was renting for a two bedroom was renting for seven 50 on normal.

[00:14:13] This pro this this landlord went when the property was fully rented. His profit was 900. That was the paperwork 900. And that was good. He was like, it was cost flowing. Good. It was so good. Just the payroll two years ago when I had it. But it was crazy to me cuz now one unit I'm make like, okay, I'll get to that.

[00:14:33] I'm getting too excited. So the bank was like, you sure one unit would rent for a thousand. That was, I was like minimum thousand. I knew I wanted more than a thousand, but I was like minimum a thousand. But after they run the numbers, they gave me the loan. I wanna hit close on the property. Put my 20% down and they sent appra, before close it appraised for appraisal for how much?

[00:14:55] Two 10, 210,000. Mind you. I bought it for, I bought [00:15:00] it for one 20. So I told the lender the guy, he was desperate. I was like, I could offer you 1 25. It was like, okay, one, one we can meet at one. No, I think it was like once one 20 was the final, but I had 5,000. No 1 25 was what we agreed on before the closing.

[00:15:18] I asked if I could get 5,000 credit. Cause the contractor told me it was 80,000, but I still wanted like a buffer. I was like, let me try. Cause I'm gonna negotiation, state and he's desperate. So I was like, can I get five, 5,000 credit? Cause appraisal came, but I still like, it needs more work. It was like, okay so 

[00:15:34] Patrick McGrath: so after the appraisal comes in, after the, you already got 90 grand equity, like built in, you still went back and asked for a $5,000 credit, just cause you were like. Why not. Why did you happen 

[00:15:47] James Rippeon: to tell the seller what it appraised for? 

[00:15:49] Yaamu Camara: No. Hell no. No, never. So I was like, okay, fine. We'll give it to you. Our closing. So I got a 5,000 check credit, so I was able to put that on a renovation with my cause I wanted extra. So my contractor was like, if you want [00:16:00] extra stuff, you gotta put in 5,000 extra, but the bank has approved the loan at that price.

[00:16:04] I was like, you know what, I'm gonna try to find a 5,000 somewhere else. 

[00:16:07] Patrick McGrath: And I got did the bank. So the bank approve the loan for the place and the 

[00:16:12] Yaamu Camara: construction. Approaches, price. They, the purchase price. They accept. So when the appraisal came, they were like, do you want financing for the renovation?

[00:16:20] I was like, yeah, I was gonna ask anyways. I was like, yeah. Cause they were impressed at this point. And then they actually told me, we thought you were crazy when you were buying this boarded up apartment complex that was vacant for two years, had all these violations. I worked with that seller before course.

[00:16:34] I was like, I'll work with you. I'll call the city and do all the follow with you. But I can't close without the violation be lifted. So he was doing all the work, if not, he's not gonna sell. So he wanted to just sell, pay off his note and walk away with whatever he had left. So the bank was like, you want financing?

[00:16:50] I was like, yeah, that's why I sent you the estimate. Anyway, the first thing they were like, yeah, we're financing for you. They already sold the 90,000 in it. They were like, no matter what, I think she knows what she's doing. So they took [00:17:00] another chance on. They, so they gave me, they, cause the work is a lot, it was a lot of work.

[00:17:05] They were like, but what happened was for the violation to be lifted, the seller had to update the funding. So it's like a brand new funding, like brand new. So I didn't have to change that for years. And the roof was changed. The, there was so many updates and then he, they added like a stairs back porch, like each of the unit.

[00:17:23] So that was brand new. So even though it's boarded up, those were there for the, what? Some of the violations to be lifted violations. Yeah. So I get to have walking property that has all the mechanical, those are important things, right? Those are like 20,000, 30,000 mechanicals, cuz it's like a whole apartment complex in the Midwest and it gets cold.

[00:17:42] The bank was like, okay, we'll finance it for you. This is what we do. We give you three months. Cause it's a lot of work, as we seen the on the video, we will give you three months of just paying interest and then you can start paying. I was like, oh my gosh, thank you. Thank you, Lord. My contractor lease one away.

[00:17:58] One hour away. He and his [00:18:00] five crew member, five of them. I was like, we need to get 

[00:18:03] James Rippeon: you why'd you pick a contractor that was so far away. How'd you come into contact with him and 

[00:18:06] Yaamu Camara: how'd you it's from my first property. It's from my first property. So he's the one that helped me fix up that unit.

[00:18:12] My contractor, before I had that contractor, there's a story behind that contractor. So my property manager actually was taking money cuz they saw how the money was coming in 2000 a month. So he stealing some money from the renovations. Like when I, when he say, when a contractor was charging him less, he would put his own amount there, even though he's getting 10% of the rent.

[00:18:32] You know how the co the, he was help. So I met the contractor through him. He use, he has all the properties that he's managing. So he has a handyman contractor that does the work. So when I said, okay, we are gonna change the carpet on this unit before we get it rented. Now when I was doing the work. So if the work renovation was like 3000, he would say five S but so he was stealing from you?

[00:18:53] Yeah, he was stealing from me, but I found out later cuz it was, I was like, This is what I was like, I need, I was like, [00:19:00] something is wrong. Like it's just to, something was wrong, something was off. And so I was like, you know what? I'm gonna look for another property manager. And I was looking for property manager call.

[00:19:09] And because it's a small town, I call all, I like calling everybody. I call all, I made a list of opera and I happened to talk to this lady and I gave her she's a property man. And I gave her the name of the power. She was like, you never believe this. I was like, what? She said, my name is Dawn. And I'm the one who was managing this property for the previous landlord.

[00:19:29] And even the pay, the payroll that I gave you, they made me cook it up. Can you imagine what a small world it works? I was like you, she was like, I know that this contractor is what's the name of the person that's managing your property. I gave it a name. I was like he always mentioned this person's name, the contract.

[00:19:45] I said the contractor. He was like, you'll never believe that this, that contractor is my contractor. And he's the cheapest, but does the work, he's an older guy. Who's respectful. He's a, has pride in what he does. So there's no way I know the property for five years. I know there's no [00:20:00] way to change the place or change what I was doing to cost that much.

[00:20:05] So it's can I have the contractor's number? Mind you? I wasn't in, in contact with a contractor, the property manager contacts, contractor . Yep. So I was like, can I have the contract? And she was like, sure. I called the contractor. I looked for him everywhere. I research him, check on Facebook until I got him.

[00:20:22] I opened a page and I introduced myself. Cause I didn't want him to see my name, fake name, everything. And I was like, I own this property over here. She was like, I, she was like, don't come to me for any information go. Cause she, he knew it was like, I don't know what contract you have with your property manager.

[00:20:38] But I felt like maybe it is. I charge him. He put his percent. And then you tell, I was like, yeah, that was the deal. But I just wanted to know the number. He said, oh, okay. So you're not in for trouble. I said, no, I just wanted to know. I just wanted to know the information so I can fire him, but I didn't need to confirm, but this is the thing the contract is.

[00:20:53] So the work was so good. I never had any like tenant complaints, like every unit that he had, I never [00:21:00] had any complaint. I still don't have any complaints. Like, It'd be like a toilet clock, a simple thing. So I knew he knew how to do work. Now I have his number. So that's how I build the relationship.

[00:21:08] Even when I fired how I got the property manager and I hired a new property manager. So that's how, and then 

[00:21:13] Patrick McGrath: so basically you were like, Hey, I'm buying this property. It needs a ton of work. Exactly. I'm gonna use. I'm gonna use the same contractor. To do all the work. Yep. But it's an hour away.

[00:21:27] Yep. And you need him to get the work done quick. Yep. So what did you do? Did you like pay for a hotel? Did he charge you to stay there and sleep there every night? Like how'd you work that out? 

[00:21:37] Yaamu Camara: Nope. So I told him when the bank gave me the three months of not paying mortgage, but just the interest.

[00:21:43] I told him at this point we have already built resources. He worked on all my other pro this the, how I found him was the first property. The one that was the numbers we cooked up. So at this point I have built a relationship with him, the second property, he, the third property that I got, the five package, he did work on earth.

[00:21:58] He's still working on the [00:22:00] rest of them. So at this point I was like, we are about to get a big deal, a big renovation, it's eight units apartment. And he actually came and gave me the estimate. So that means he was ready to do it. So I was like, this is a big project. He said, I was like, I need, I have three months of not paying mortgage.

[00:22:15] How fast can you start? He was like, you know what? I trust you. And we've worked so much. We work so well together. Honestly, he's the great guy. He actually moved in with his guy. Remember the fire started in the basement. So there was one unit that didn't need any work. And it was a three bedroom. So the apartment was a mixture of three bedroom, two bed and one bedroom studio.

[00:22:35] So he actually moved in with his guy. So instead of driving back and forward, they would stay from Monday to Friday and they go home on the weekend. So they moved in one unit and they walk upstairs. So they, I was like, start with the upstair unit that way. Cause you remember there are two entrances, the, in the forward and the back.

[00:22:52] So I was like, if I can have them walking their way down, I could actually have the nurses in and they could use the back door. So in my instruction, [00:23:00] they would check in from. So I was like, start with this. And those are the smaller units. Cause they were one bedroom in the studio. So they started with those units.

[00:23:08] And in like in three weeks into it, they're almost done because they work from morning until night. And then in morning they wake up perfectly like 5:00 AM, 6:00 AM and start bored. Mind you like, so before they're done and they're sending me pictures on videos daily, before they're done, I went on Amazon and bought my couch, my beds and everything.

[00:23:27] I ship it to them. So when I say I'm coming, I bought my ticket and I'm going on a Thursday right? Or Friday. I will tell them I'm coming on Friday. So one of his workers like subcontractors, I negotiate deal with him. So I will pay him like I will to set up the beds for me before I even get there.

[00:23:41] So he will fix up the beds, fix up everything that. Like manpower people put together. Yep. Yeah. So I basically just go and do the renovation when IED those two units, even the contractor was like, I've never seen anything like this, cuz they don't know short rental. And when people think about short they're thinking vacation and [00:24:00] stuff.

[00:24:00] No, my short time rental is the nurses, the doctors, the professional that going to work, they go home. They're not using the bills running up. So once those two units were completed, I put in the, I list. It got booked right away, full of booked. There were so many nurses in the area when I did my analysis.

[00:24:17] And you said this 

[00:24:18] Patrick McGrath: is three weeks, right? You said weeks, three weeks, three weeks into the renovations being started. You already had two units done. Furnish they're furnished. , you're flying in from Georgia. Yep. And renovated, as soon as you listed both of them, you got you got bookings.

[00:24:35] So how much were those bookings for? 

[00:24:37] Yaamu Camara: So I listed it as, so the first the first one was a the one that I listed was a studio and I listed it for a thousand dollars. Remember that was my, but when I. Yeah, that was what I was thinking. That was like a lot of money. Cause then a studio in the area, what, before a studio for normal rent, it was like three 50 or 300, 400, something like that, but I'm getting a thousand.

[00:24:57] So that's like triple what it was support. [00:25:00] But then when I did the analysis again, I saw that in the area, all the people that were doing short term rentals on it is somebody who has a home and there's renting an extra bed. But this unit are small units where you have a kitchen in there, you have everything.

[00:25:15] It's like a private unit. So I was like after that nurse checked out, it was like a three week stay or something. It was a medical student. Actually, she came to do a residential, whatever. So she would stay at the hotel when she saw the list and she cancel and she moved in. So when I saw that there were a lot of people sending inquiries, it was fun finders.

[00:25:32] So they didn't have to book directly. I went change the numbers and I listed at $2,000. Was still book. The second one was that one was a student. The second one, I listed it three, 3000 and like 3000, zero 50. I don't know why I do weird numbers to make it look like I calculated it and it arrived. I do that all the time.

[00:25:52] Yeah. Yeah. Study 9 99. So I was doing something like that. [00:26:00] It got booked that my contractor was like, this is insane. It was like, this is, I was like, you guys have to move quick. Mind you, I'm only paying interest at this point, like $200 or one something it wasn't up to do like one 90 something. And I started paying my mortgage in February this year.

[00:26:17] This was last year, end of last year, September. So by December I already have my tenants in like the first. So right now I'm fully booked. Everything is booked. I'm bringing in 22,000 a month is booked all the. All the way my mortgage is 12. My mortgage is 1200, right? In a balloon of five, five year maturity and 22,000 a month.

[00:26:40] My utility bills, because they don't cook a lot is about, maybe I could say everything inclusive about less than $2,000, everything inclusive on my, so I'm nothing about 19,000 some change some, sometimes 20,000 some change based on the utilities, but the income is like 22,000 a month. [00:27:00] And all right, so yeah, go ahead.

[00:27:02] Patrick McGrath: Okay. So you were all in, on this property, right? Cause you got it for one 20. You got that. Let's not forget that $5,000 credit. 

[00:27:10] Yaamu Camara: Yep. So 1, 1 15 

[00:27:13] Patrick McGrath: one 15. Oh, okay. And then how much, how your total renovation was 80. 

[00:27:18] Yaamu Camara: Yeah. 80 plus that 5,000 that I put in extra to do extra stuff. 

[00:27:22] Patrick McGrath: So we're in it 200.

[00:27:24] And then how much did you spend on all the furniture and everything for eight units? 

[00:27:28] Yaamu Camara: So for each unit, remember I'm taking the income from this unit to put it in order units. So my, yeah. So you 

[00:27:33] Patrick McGrath: didn't really come out of pocket on it, for general numbers. 

[00:27:36] Yaamu Camara: Yeah. I didn't come out of pocket.

[00:27:37] So I would just take my like, again, I'm using the same as ACMA program from the furniture za is actually every store it's called ACMA a C I a. So you can actually apply it. And 

[00:27:49] Patrick McGrath: then you can get, okay. So all the furniture was three months, 0% interest. Yep. So you didn't actually pay really for any of that.

[00:27:57] Okay. So we're, so you're in this deal, for [00:28:00] 200,000 dollars. You finished all and you finished all the renovations. And how long did it take him to finish all eight units? 

[00:28:07] Yaamu Camara: It took about two months and a half, but I've already rented everything the last year. But 

[00:28:14] Patrick McGrath: within, within, within three weeks, you're already bringing in, $4,000 a month. So you're already cash flow and within less than a month of owning the property. Yeah. And then two and a half months later, contractor and his guys move out. You already found where the market was at and now you are bringing in $22,000 a month. You're fully booked. 

[00:28:37] Yaamu Camara: I've made over 40, 40 something thousand dollars.

[00:28:40] Patrick McGrath: And your mortgage is 1200 and it's $2,000 for utilities. So you're in this for 3,200 bucks? 

[00:28:48] Yaamu Camara: No, the mortgage is 1200. 

[00:28:51] Patrick McGrath: Yeah. Mortgage is 12. And then 2000 for all your 

[00:28:54] James Rippeon: utilities, 2000 total dude. No. Oh, total 2000 total. [00:29:00] 

[00:29:00] Patrick McGrath: 2000 total. Okay. Yeah. So I, you think it can't get any better? All right. It's 2000 total.

[00:29:06] Yeah. So you are cash flowing $20,000 a month, basically. What. Every single person we've had on this podcast before you, their financial freedom number is $20,000 a month. and you are cash flowing $20,000 a month on this one property. It's hard to even ask questions. 

[00:29:28] James Rippeon: I'm afraid to ask this, but let's just jump into it.

[00:29:31] What's your goal? like what, let's, what are we building up to here? Like this? This is 

[00:29:37] Yaamu Camara: absolutely incredible. Yeah. I wanna be financially free so much so that I can't even explain. So you know, like how you start work and 10,000 is a lot of money per month. You like, you have a six figure job and 10,000 is a lot of money and then 10,000 goes to you get 10,000 per day.

[00:29:55] And then you're like, oh, if I start getting 15,000 day. That's crazy. [00:30:00] Now my goal is like a hundred thousand a day, cause I'm netting about 70, 80,000 a month on cash flow. And when I count cash flow, I don't count cash flow with like that. I don't I only count my profit. I don't 

[00:30:13] Patrick McGrath: count the net. The net, not the gross.

[00:30:15] Yeah. 

[00:30:15] Yaamu Camara: I like to count my money, not the expenses I like take out and get my 

[00:30:20] Patrick McGrath: money out. Okay. So right now your cash flowing? 80, around 80,000 a month, 76, 

[00:30:25] Yaamu Camara: sometimes 78, sometimes 80 at a good month is about 80,000 when I 

[00:30:29] Patrick McGrath: get all these. All right. So for anyone out there to make a million dollars a year, it's $83,000 a month.

[00:30:37] So you are cash flowing net almost a million dollars a month. Now let's not forget the fact that you have. Two six figure full-time jobs. Is that correct? Yep. 2, 2, 6 figure full-time jobs. And you are now cash flowing $80,000 a month. And you built this entire [00:31:00] thing in two years. You went from zero to now where you're at in a little more than two years.

[00:31:09] And you literally just said the goal is a hundred thousand dollars a day, right? Yeah. Is that what you just said? That that's 10, that's 20 X from where you're at now. And I think most people, like I, when I looked at my goals, like my. Five year goal from now was like, man, if I could be bringing $80,000 a month, like that's huge.

[00:31:32] I thought 80,000 gross would still be huge, cuz that would be like, 30,000 a month, something like that, 35,000 a month. And like I to build up to this is just absolutely amazing. And this is, and I think it got to the point where I posted a video on my Instagram about how you calculate multi-family properties, how you calculate what they're worth and I basically said it's the income of the property.

[00:31:59] And then you [00:32:00] divide it by the cap rate of the going rates in the areas. And we had never spoken before. Nope. I posted this reel and tell us about that morning real quick and what was going through your mind. 

[00:32:11] Yaamu Camara: Yeah. So when the property was done, like the appraiser valid, they appraised based on.

[00:32:18] How much was put into the house and based on the market rent then. So it was like 400, 8,000. What's at risk for now. My mind is blown. I'm like, I have 200,000 in this house. It's crazy. And it's bring you this. And I woke up one morning, a couple of weeks ago. Was it two weeks or one week ago? Maybe two weeks ago.

[00:32:34] Yeah, maybe two weeks ago. So I was like, I woke up cuz I follow like the people that I follow most they're in your, how your, when you like the top part where stories yeah. So I saw what you posted about cap now when I was learning, reading and all of that, those stuff, I do know copyright, but I never thought to calculate, cause I never thought to have a FA commercial property.

[00:32:54] So I never thought of just analyzing like a single family. At this point, I never had any commercial, so I never Del into [00:33:00] how to calculate it, but I've probably have seen it somewhere, but now I could apply those numbers to my property cuz now I have, so when I watched, I was like, no way I took the numbers and I plugged in mine and I was like, Nah, this, it is not possible.

[00:33:14] I'm not sitting on a Lin dollar property. That's not possible, but I bought for one 15. Doesn't make sense. So I was like, you know what, I'm gonna, I'm gonna put in these numbers in his calculation. I actually went, I Google it first. And I it's the same thing. I was like, he's not lying. This is true. Went ahead and put in the numbers.

[00:33:31] And I was like, no, my calculate is wrong. This is this is my girl. I calculated multiple times. And I was like, no way. So I was like, okay, he's an investor. I follow all the investor that make millions and stuff. I'm going. Plug in these numbers and I'm gonna send it to them and make it look like it's somebody's deal.

[00:33:48] So I sent you send it to you, send it to every five other people. And I was like, can you run this for me real quick? If you have time. And then a lot of them run it back. Like three of them reply back with the same number that I have on my [00:34:00] calculate. I was like, this is not, this is insane. So I text you and I was like, I'm so nervous right now.

[00:34:05] I don't know if I'm freak, I'm freaking out. I don't know if I'm going crazy or something, but can you run this? And you are like, call me, cause you run it. You are like 22,000 a year. And I'm like, no per month. And I'm like, I explained to him, I was like, I do this where I do. I do short time rental. I rental travel nurses.

[00:34:24] Some of the nurses they pay their companies pay for them like the travel agency. So they pay a lot. So it's not. Direct, they pay me with a w two with my 10 99 and everything. And I explained to you, you were like send me my number. You're like, call me. I was like, lemme drop my son at school and I'll call this guy.

[00:34:42] Cause either I'm going crazy or something's wrong. So I was like, so these people wanna tell me all of that. I was like, they all cannot be wrong. Cause they all send me the same number. So you were like, let's talk. And then we talk and I was like, I'm you were like, you're actually the sitting on a million dollar property and you what can do?

[00:34:57] So I was like, Uhuh, at this time I already emailed the [00:35:00] bank and I told them, cuz you told me that I can pull out money. And I ran the band. They were like, yeah, sure. If you are ready, we can get you, you can get over 1 million on the house and you can get a line of credit. I was like, exactly. 

[00:35:12] Patrick McGrath: Like we were talking.

[00:35:13] Yeah. And like I said we never spoke. She sent it to me and I'm running the numbers and I'm like, this cannot be right. There's no way this is real. And then we talked and I was like, This is worth like a million and a half dollars. Yeah. And you were freaking out like, cuz again, we talked about your net worth 1.7 at the end of 2021 and you just doubled it again on this one property and yeah, like it was so amazing.

[00:35:43] I think at this point, like we, we've got the best part of your deals and it's absolutely amazing. Just hearing your story again and everything that I knew up to this point it's so inspiring and it's amazing. And now you understand how commercial properties are based on [00:36:00] their income.

[00:36:01] And I know that you're gonna go out and you're gonna go buy a couple more properties. 

[00:36:05] Yaamu Camara: Oh, I bought a commercial deal, five units. So I'm flying to Illinois tomorrow. To start work on that. So I need to run with my contract. Oh, I bought one. That's even closer to the hospital now. Cause I'm getting so many inquiries on fully in the same place in the place.

[00:36:21] Just one mile. I'm like I gotta find another deal. I found another deal. It was occupied. I told him I will pay your tenants to leave. He did. I paid him to give his tenant and cash for keys to leave. 

[00:36:33] Patrick McGrath: How much you pay for this 

[00:36:34] Yaamu Camara: five unit thousand 

[00:36:37] Patrick McGrath: 90,000 man. That sounds a little rich for your blood. After getting, 50 

[00:36:44] Yaamu Camara: was like, I offer cash.

[00:36:46] I told the bank before they get approval letter, I've already offered a cash. Cause I know I have 90,000. I know I'm gonna let it go. I was gonna 

[00:36:52] Patrick McGrath: put you like, oh man, that's one month cash flow. Come on. I got that. I, let me just go to the bank and write a personal check for that one.

[00:36:59] Oh man. I would [00:37:00] lo I would love to unpack that one, but I think. We gotta, we got a couple other things yeah. That we need to go into. Your deals are amazing. The numbers are amazing. All that part is amazing. But we don't really know why you're doing all of this. What's the motivation behind we understand where you came from and you're in America.

[00:37:23] I love how you said the land of opportunity. You can do what you want. And you're obviously, ringing the bell hardcore, tell us your 

[00:37:29] Yaamu Camara: why. My, why is my family and the fact that I'm scared of poverty. I don't wanna feel that way. Like my parents died in poverty.

[00:37:39] We had to move to some people's house and be treated and go through a lot of stuff. I don't want that kind of poverty. There's poverty and there's poverty, where you lay down on the floor. Kinda like it's I don't wanna get into that cuz I get emotional, but my wife is being scared of that life.

[00:37:55] Like I don't want anybody in my family to ever go through that now. Like my [00:38:00] family, most of them don't know actually only one only my brother knows, but the rest of my, they don't know like how much I make or I in the real estate at all. Cause everybody looks at me. So the person that traveled is like the one that made it like, so everybody back home depends on me.

[00:38:14] Once I send $200 back home, that's 10 grand. They like, oh my God bless you. You're doing so much for us. And I'm like, I wish, you know how much I'm making. I pay my cleanness over $2,000 a month, but I pay. But this, the fact that I could take care of my family, even it's like a little money, the fact that they know that she's gonna send this money and we are never gonna be poor.

[00:38:35] We're never gonna be like thinking about food or we're never gonna be thinking about where our next meal is gonna come from. That's what's gave me in life. And the fact that. I don't, I want the best for my kid. Cause I don't want my kid. I want my kid to say my mom king as an immigrant go grew of us and came to the us and build this life for us.

[00:38:54] Now I can leave these properties for my kids and kids and kids like generations. Cause that's what I'm [00:39:00] building it for. That's why, when I was reading my, my journey, when at books I read, I always stuck with just keeping the property, like not just flipping, like keeping the property.

[00:39:10] So my family is my, why 

[00:39:12] Patrick McGrath: I think everyone out there has to be, absolutely inspired by that. And when we ask that question, that's typically the same answer, it's their family, it's their time, but, I don't, I think everyone can relate, but not nearly to, to the place that you're talking about.

[00:39:27] And it's absolutely so inspiring. Because to come from where you've come from to, to reach the level that you're at now and still inspiring to go even further is absolutely insane. Ja James get into this next question. 

[00:39:40] James Rippeon: I can show you, you're talking about.

[00:39:42] There's poor and then there's poor. Poor. Yeah. And I can tell you that there's rich and then you're gonna be up at rich. Rich. Thank you. And you're this pendulum in your life is swinging to the other side and everything you're doing is setting up for generational benefit down the road. And [00:40:00] you're, you are gonna be that person generations down the line where your family looks back and you're like this is where it changed.

[00:40:06] And this is what happened so that I know your son's gonna be super proud of you. And, just for you to have that example for him, it's gonna be amazing. And I'm so impressed that like your family abroad still doesn't have any concept of what's going on other than brother. 

[00:40:22] Yaamu Camara: I don't think they'll understand yeah.

[00:40:24] James Rippeon: I'm having a hard time understanding it and I'm sitting here, me too, in this industry, trying to do the same things you're doing. And my I'm sitting here having a very difficult time digesting. All the incredible things that you've done. I'm at a loss for what else to ask.

[00:40:39] Wh what else, how else to improve this podcast? How to bring out more from you to give to our viewers, because you've dropped absolute bombs on us and, I really appreciate your time to doing that. It's thank you. 

[00:40:52] Patrick McGrath: Yeah. I think we are very close to the end here, but I have to ask, what obstacle, do you [00:41:00] see in the future that is gonna potentially stop you from reaching that a hundred thousand dollars a day goal?

[00:41:07] Like what do you see in the next six months, year, two years, if you even plan to get there in that long of a time what do you see the biggest obstacle that you're facing right now? 

[00:41:17] Yaamu Camara: Okay. So I wouldn't take it. I wouldn't call it obstacle. I would call it. So for me, what I do is I'm expecting to make mistakes and learn from those mistakes.

[00:41:28] But when I learn from them, the result is exponential. So I even the obstacle to come so I can learn from it and multiply. So I'm never making that mistakes again. So even though obstacles, like you'd be scared and say, oh my God, this will happen. I still know that I'm gonna learn so much from it.

[00:41:46] That's gonna multiply or triple what I'm gonna be doing next. So I'm not gonna call the only thing I would say is like holding me back is how fast enough could my contractors do the work? Cause I do wanna have three properties that is [00:42:00] waiting for them to get to and like it's money sitting there.

[00:42:04] So it's a matter of how fast can I build another team to help me fix up? Cause I'm not waiting. I'm just buying and just going and I'm not buying just any other deal. It has to make sense. So it's a matter of how fast can I build up another team or how fast can my contractors get it to the next project?

[00:42:21] James Rippeon: Have. Have you thought about syndicating and putting deals together, bringing in a lot of money and doing deals to really exponentially propel your growth here? Cause I, I feel like you're really onto 

[00:42:34] Yaamu Camara: something here and I did. I did think about it. I did, I actually have uh, my birthday, I bought a book about syndication okay.

[00:42:42] James Rippeon: Okay. Patrick marked this 12 months from now. I think we're gonna have to circle back on . 

[00:42:47] Patrick McGrath: Oh what I was gonna say is, When that syndication starts, please think of me as someone who will offer up some funding for that, because I definitely wanna be, yeah, definitely. Wanna be a part of that, [00:43:00] James.

[00:43:00] Great question on that, cuz I was thinking the same thing too, but you don't really need the money. You don't really need other people's money right now. You just need to find clone your contractor and you can go out there. I don't even think there's a lot of, 

[00:43:14] I 

[00:43:15] Yaamu Camara: tell him that I was like I clone you like clone that way.

[00:43:17] He said, that's not gonna be acids. Like it's not gonna be possible. 

[00:43:22] Patrick McGrath: I would venture to say that majority of the syndicators out there that are doing this probably aren't even making $80,000 a month won their deals. So all together. There's probably some people out there with a thousand units that are there thousand units that aren't even making $80,000 a month.

[00:43:44] I know you have a great grasp on real estate and the concept and everything, but you're, 

[00:43:48] James Rippeon: I can tell you this much, they wouldn't be adding this much value to their investors either. Like the ROI on this is yeah. 

[00:43:54] Patrick McGrath: In is exponentially insane. So unless you like really needed the money or were planning on doing this at [00:44:00] like a 50 unit or a hundred unit scale.

[00:44:03] Yeah. Like maybe, but if you decided to do that, Please think of me and James, cuz we would, we would love to invest in that for sure. And invest in you almost any project you have talked about has turned to platinum. That's amazing. All right. Everybody, who's still listening with us.

[00:44:19] This is obviously part two because we are gonna split this up. Because this is so fantastic. Two hours, 

[00:44:25] James Rippeon: man. This flew by. I 

[00:44:27] Patrick McGrath: know, right? It has. So yeah it's been great. So right now we are gonna get into our final section of the podcast, which we call the big four. So James let's get into it.

[00:44:41] James Rippeon: So yeah, I I want you to tell me something that feels like a cheat code for achieving financial independence and maybe something that other people, overlook, but just something that you do or you believe that just fundamentally feels like a cheat 

[00:44:55] Yaamu Camara: code. Using other people's money [00:45:00] using the bank's money to triple it.

[00:45:03] And I felt are you sure? Like the lake house deal, I actually walked away, no money down. And I walked away with a 14,000 check. So like that, that felt like drug dealing, like you really did not do any work. You just get paid. And I, the property just appraised for 93,000 using other people's money they put the money down a hundred percent financing.

[00:45:23] And I just, one day appraised for 2 28 and I haven't even done any work in it. And it was just 1 35 fores. So it was, it's like a cheap coat using somebody's money. 

[00:45:32] James Rippeon: Yep. You're gonna read that in every book and that's fun, fundamentally real estate, one on one, other people's money is what's gonna accelerate you , 

[00:45:39] Patrick McGrath: but I don't really think that people have learned or even thought about taking it to the level that you have been able to take it to in such a short period of time, because.

[00:45:51] You just glossed over another great gem for everybody that's listening. And you just said that the same local bank after the 20 [00:46:00] other ones didn't give a shit about you or what your ideas were. You just said they financed it a hundred percent. Yeah. A hundred percent. So you didn't have to bring any money to the table and you actually got money back.

[00:46:12] Yeah. You walked away with 15 grand and didn't even have to put a down payment or anything. Nope. So yeah. Other people's money, people like put your and you went to the bank. think, to dive down on that just a smidge is you were prepared. Like you really I'm sure you have a packet now of everything, or you've already had a packet of everything of presenting all of these great things.

[00:46:39] Like it's been consistent every single time. You said I've been prepared. Every single person that I talk to, I've been transparent. I'm telling them what I'm doing. I'm telling them how much money I'm making and that's how you get other people's money people out there. Listening. If you're going to ask somebody for money, be prepared, right?

[00:46:57] You might not have the credit. You might not have [00:47:00] some of the experience, but you ha you have something to offer. You have some sort of value. and, as you start building your little real estate empire, or your big real estate empire track, all that. So when you start having those conversations or need to be having those conversations, you are prepared and when you're prepared and when you go out and you live in that uncomfortable, because it's, you weren't comfortable in, in any of this stuff.

[00:47:29] You didn't think that you got the fellowship, you didn't think, you got the job at the CDC. You didn't think the bank was gonna, you didn't you had some self doubt, you had some self doubt, a ton throughout the way, but you just kept pressing along. And here you are now.

[00:47:43] Yep. Other people's money 

[00:47:44] Yaamu Camara: people. The one thing they can say is no call. Yep. 

[00:47:49] James Rippeon: Still luck. Luck is when preparation meets opportunity. And no, one's gonna find that, quote luck, unless they're preparing for the opportunity that's coming. 

[00:47:58] Patrick McGrath: Exactly. So [00:48:00] we are gonna jump into the next question and I already have my pen and paper ready because I'm sure it's gonna be a good list.

[00:48:06] Are there any books, podcast, or people that have shaped your financial independence journey? We've heard you list a little bit out there, please for the listeners out there, I'm sure they would love to dive into that mind a little bit, can you give us a couple books or a couple people or podcast that have really shaped your investing strategy and help you get to where you are?

[00:48:33] Yaamu Camara: Okay. So I know everybody that's like investing in real estate will tell you, reach that product. I really did not ever read that book. I've never read it. But what I do is basically means I read it, but I read it through people that read it. So I follow people that actually doing what they read and just implement that.

[00:48:52] Not read the book. I still have the book. I have never read it. Never ever, but I do know what the book basically [00:49:00] entails. Cause I follow somebody that say, when I got this message from this book, it was a daunting for me. I implement that message. I have that book. So it's like a short to whatever, but I've never read that.

[00:49:13] Like I can't tell you, I read the book. No, I never read the book. I, but I know most of the concept of the book and what is done for other people. I wouldn't say this. And so book changed my life or this cause I follow a lot of people. I will listen to you. I might not agree with everything you're doing, but I will take one tiny information and I'll save that for myself.

[00:49:35] And I will listen to this other person or listen to read this book and I'll get the information from there. So I've read the bigger podcast, their books that they have. I read most of them, some of the book I did not complete. I would just read, go implement, come back to it next time and read, implement.

[00:49:49] Cause I just need one piece of information to fulfill what I got from over there or here over here to bring everything. So I'm not waiting to read everything to like I read it. It makes sense. I'm gonna go do it. [00:50:00] I'm gonna go implement. So that's why I do it. So I wouldn't say reach that portal. I wouldn't say that at all, but I did read the tax strategy book from bigger.

[00:50:10] I'm not sure who wrote that book, cuz I haven't read those books for a while. I read it like long time now I'm like just repeating what I've learned. What other book were I say? I learned richest man in Babylon. I read that. I just read that one this past week. Oh wow. I love that book. I've read that one, 

[00:50:26] James Rippeon: maybe two or three times now.

[00:50:27] Great foundation and look it, 

[00:50:29] Patrick McGrath: yeah, it doesn't have to be like, it doesn't have to be a real estate book. It really doesn't like, because you have such a great mindset and such great drive. So it, it doesn't have to be a real estate related book. It doesn't have to be a finance book, just.

[00:50:43] Something that's really struck a chord with you that, you think other people out there might, enjoy and might impact their lives a little bit, cause I know you said you literally read every single book in the library, back home. Yeah. So there's, that's got a [00:51:00] 

[00:51:00] Yaamu Camara: romance book.

[00:51:01] I don't have anything, I just read it at 13 and I read, so I was like, I'm pretty sure this is not the book I'm supposed to be reading. I'm pretty like, that's what we have at the school. So I read it, but I basically read all those books, but it got me to loving, to read and loving to learn that drive.

[00:51:17] But like I said any person that I follow on real estate. Remember when I said I created my page, I follow everyone. Like you, anyone that's investing. So every person I learn from you, like sometimes you make a post and I'm like, oh, okay. And then I ask you a question. So I've learned from so many people.

[00:51:33] So I would say follow people. I wanna say it's a book, but follow people that are doing something that you wanna be doing, or you see yourself doing. So learn from them, take what applies to you financially and just apply. 

[00:51:46] Patrick McGrath: So I'll take that answer. And I remember you said you created an account. And the only thing that's on there is strictly people that are doing real estate, people that are doing short term rentals, people that are doing [00:52:00] financing, the things that you want.

[00:52:02] So your feed is a hundred percent focused on what you want. So that is a great tip out there. And I love it, James. I can't wait for the answer to this question. And let's jump into question. Number three. 

[00:52:15] James Rippeon: Focus is key. So it's five years in the future. I want you to tell us a little bit about your life, maybe your business what does everything around you look like and what's going on?

[00:52:27] So just paint that, paint, that picture of you and your business and your personal life. Five 

[00:52:31] Yaamu Camara: years from now, five years from now, I have multiple commercial properties like malls. I have multiple commercial properties where I rent to doctor's office, like therapy office receptions you know how you go to a doctor and it's it's a whole complex.

[00:52:47] And you have this doctor, you have this business here, I'm rent. I'm the owner of the complex, multiple of them. That's how I see myself, at least making 10 million a year, at least 10 million a year, multiple [00:53:00] businesses, seven figure. And I'm teaching people how to multiply their income, how to start their journey.

[00:53:06] Patrick McGrath: so it sounds like coaching, it sounds like you're gonna get into coaching or class or have a class or something like 

[00:53:11] Yaamu Camara: that. I actually started coaching now, but at a smaller scale cause of my time limit, I know a lot of people will say you have two jobs. You're doing all this business. The way I work smart.

[00:53:21] I automate most of my work. So at CDC, I've worked there for three months. I already three years, I already know how my work would be. So basically in it, cause I'm building computer programs, I've done it multiple times. I automate my process. When I'm building a system, let's say they say, build this system.

[00:53:38] That's gonna do this, I build everything. Like the skeleton of it. And all I have to do is change some stuff. So when I build it, I don't have to do work for another two months. So I could go a whole month without working at all the same thing with so when people say, how are you doing this work?

[00:53:55] Cuz I don't really, I automated all my processes. Everything. They ask me, that's irre. [00:54:00] That's regular. I know. Okay. This is gonna bere. I added to my automation scale, but when I have time, I add it to the programs, create the skeleton. So all I have to do is change the data or change the name. So let's say, run this report for this state.

[00:54:12] All I have to do is change the state and put Georgia state or California and run the also, when it comes to my real estate side, I'm automating everything. You don't see me changing anything. I don't even leave in the state that my properties are. Does that make sense? Cause I have people that are doing work.

[00:54:28] My Airbnb units, I could go six months without even seeing it. Actually sometimes I forget to address because I automate, I have people doing it for me. I'm not doing any, I'm not. So people was like, how do you do it? I'm not really doing a lot. I could go like a week without doing any work on my w. My, my two jobs, cuz I've already sat down and automated everything and that's gonna be the difference 

[00:54:49] James Rippeon: between you and 99% of people.

[00:54:52] You're not creating a job for yourself to building the business. Yeah. And that's gonna get you to that 10 million a year hundred thousand a day. Yeah. Opportunity is, it [00:55:00] comes down to systems and that's certainly something I need to work on to really get to where I think I need to go.

[00:55:04] So you know, you're a perfect example of that. 

[00:55:07] Patrick McGrath: Thank you. I have to say the, this is the one time where I'm just a little disappointed in your answer because a hundred thousand dollars a day is $30 million a year. And I see you being there five years for sure. Come on. Yeah, come on girl. I know it 

[00:55:25] James Rippeon: 10 years, 10 years, 

[00:55:27] Patrick McGrath: seven years.

[00:55:27] I know. I'm just, I'm just messing with you a little bit. So ambitious. 10,000,005 years. You're you've already got a, you've already got a $3 million net worth now. So you're, you're getting there. I am there, you are getting there. All right. So for everyone that's been inspired by this epic podcast.

[00:55:48] Where can everybody reach out to you? If they have a question, if they wanna tell you this was great. If they want to ask you about coach, because I would assume there's a [00:56:00] lot of people out there that are gonna want to know, Hey where can I find you? Where can I learn from you? How can I get coaching from you?

[00:56:06] What's the best way for people to reach out to you? 

[00:56:09] Yaamu Camara: So my IG handle is building wealth from rentals and it's only business. Like everybody in there is about real estate financing, helping get to that financial freedom. So you can hit me up any time at the building wealth from rentals. 

[00:56:27] Patrick McGrath: Perfect.

[00:56:27] Great. Everyone's gonna reach out. I usually take it away, but James, you take this one away, 

[00:56:32] James Rippeon: everybody. We're gonna link to Ye's Instagram down in the show notes. So make sure to connect with her. And also everyone who's listening. If you enjoyed this content, if you like something that you heard, leave us a review, let us know what you guys thought.

[00:56:43] We wanna hear your feedback. And as always, we appreciate you guys tuning in and we're gonna catch you guys next. 

[00:56:50] Yaamu Camara: See you guys see you. Thank you. 

[00:56:54] James Rippeon: Thank 

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