#47: Prof. Faisal Schools Us on Scoopin Up $50k Properties for $10k from the City of Chicago!

Let's get straight to it: (1) I need you to move yo' a$$ from a PAYCHECK mentality to a NET WORTH mentality! (2) I need you to keep investing EVEN IF the stock market is at ALL-TIME record highs! (3) I need you to learn how to get valuable Chicago properties for $2,000 (!!!) by becoming a "receiver" for the City of Chicago Episode #47 was SUPER interesting - we taped from a men's retreat in Woodstock, IL. I'm a member of an org called MKP (the Mankind Project) and I helped run a training to teach 32 men leadership and emotional intelligence. My boy J-Mo was bringin the ha-ha's (he got real - *vulnerability moment* - and shared that he was in the "wrong line" when they were handing out - ehem - junk). We then talked to Mahmoud Faisal Elkhatib about scooping up abandoned Chicago properties on the CHEAP. He's a real estate attorney and a professor - and he TOTALLY schooled us on how to become a "receiver" so that YOU can scoop up properties on the cheap and then later sell them for 2x, 3x, or even 5x what you paid! Bottom line: MAKE SURE YOU ALWAYS IN THE *RIGHT* LINE!!! Chillax and enjoy! Peace Amer SHOW HIGHLIGHTS: 01:10- Intro to Jason Montgomery, Faisal Elkhatib & the Mankind Project men's leadership organization 06:30- Amer thinks Faisal is the early version of 1906 famed patriarch Joe Cacciatore 08:00- What the heck is the "mankind project" 10:20- Prophet Muhammad: Believers are "mirrors" for each other 15:05- Joseph Kennedy in the early 1900's, a story about selling all his stocks 16:10- What would happen if large amounts of African-Americans invested in the stock market? 17:10- Talking about military intelligence & "anti-fragility" 19:30- What is an ETF Trade? 24:20- American political system: The main goal is to always keep the stock market going up 26:00- The CEO decision tree: Should money go to employees or shareholders? 37:00- Real estate saturated; 60/20/20 rule 41:15- African-Americans are not afforded the funding that other Americans receive 45:00- Cheap properties intro: Landlords abandon properties and it becomes a "zombie" property 48:15- Becoming a receiver allows you to get super high "cap" rates 52:50- How exactly can a person become a "receiver" and obtain properties 90% below their value? 54:35- Becoming a "receiver" allows you, as an owner, to actually wipe out the bank's foreclosure lien 57:10- Faisal tells his students to do the "least amount of work to acquire a "receiver's lien," ideally $10,000 investment to get a $50,000 property   Connect with Amer and BNOS: Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah