What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106

27 Jan 2025 · 39 min

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In short

Podcast Notes: The Money Mondays - Episode 106: What Does It Take to Become a Real Estate Investor in 2025? with Albert Preciado

Overview In this episode of *The Money Mondays*, hosted by Dan Fleyshman, guest Albert Preciado shares insights from his extensive experience in the real estate and mortgage industries. The focus is on the evolving landscape of real estate investment in 2025 and the necessary strategies for success.

Host

Dan Fleyshman

  • Youngest founder of a publicly traded company.
  • Angel investor in 43 companies.
  • Speaker at over 250 business events.

Guest

Albert Preciado

  • Founder and CEO of The Mortgage Guys and Ambiance Realty.
  • Experienced in the mortgage industry since 2005.
  • Overcame significant challenges during the 2008 recession.

Key Topics Discussed

  1. The Journey to Success
  2. Albert Preciado's background as a first-generation Mexican-American.
  3. Early struggles as an ESL and special education student.
  4. Transitioned from college dropout to a successful mortgage seller.
  1. Understanding Money
  2. Importance of discussing money openly to dismantle societal taboos.
  3. Albert argues that not discussing money can lead to selfishness and a lack of ability to help others.
  1. Building a Real Estate Empire
  2. Discussion on how mortgage loan officers earn commissions (approx. 2.5% on mortgage amounts).
  3. Preciado emphasizes the strategy of creating multiple revenue streams through:
  4. Mortgage sales.
  5. Real estate transactions.
  6. Establishing an escrow company.
  1. Strategies for Current Market
  2. Albert emphasizes the need for a strong mindset, marketing skills, sales mastery, industry expertise, and a strong work ethic.
  3. Importance of personal branding and networking with high-profile mentors.
  4. Adapts to challenging market conditions and uses social media to leverage business growth.
  1. The Science of Sales
  2. Insights into building a sales team and the importance of having specialist roles (e.g., closers, appointment setters).
  3. Culture of the workplace is crucial for productivity and success.
  1. Philosophy on Wealth and Charity
  2. Albert discusses the correlation between wealth and the ability to effect change.
  3. Plans to establish a charity focused on helping the Latino community, especially children.
  4. Emphasizes the philosophy of giving more to receive more.
  1. Future Projects and Goals
  2. Plans for the upcoming Driven event, featuring high-profile speakers.
  3. Vision for creating a driven charity focusing on the Latino community.
  1. Advice for Aspiring Investors
  2. Encouragement for young adults to focus on building wealth before indulging in luxuries.
  3. Importance of mentorship and learning from successful figures in business and finance.

Key Takeaways

  • Open Conversations about Money: It's important to talk about financial matters openly without stigma.
  • Personal Branding: Building a personal brand can open doors and lead to numerous opportunities.
  • Diverse Income Streams: Successful investors create multiple channels for income.
  • Strong Work Ethic and Mindset: Key attributes for succeeding in any business, particularly in challenging markets.

Closing Thoughts Albert Preciado emphasizes a life philosophy centered on giving back, focusing on the Latino community, and instilling strong work ethics in the next generation. The episode serves as an informative guide for those looking to navigate the complexities of real estate investment in the coming years.

Listen to the full episode for more insights and expert opinions on navigating the real estate market in 2025.

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Links & Resources

  • [Watch more episodes of The Money Mondays](https://www.youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k)
  • [Subscribe to The Money Mondays](https://www.youtube.com/@themoneymondays?sub_confirmation=1)
  • [Website for The Money Mondays](https://themoneymondays.com)

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Transcript

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0:28You can't force everybody to be successful. roads, 103 of them have been RV motorhome. But Albert Preciado said, swing by the penthouse office here on Sunset Boulevard and I will set up the Money Mondays for you. So here we are making a special exception for my dear friend over here, Mr. Albert Preciado. So as you guys know, the way it works is we cover three core topics, how to make money, how to invest money, and how to give it away to charity. So we're going to go through how did Albert build up a real estate company, mortgage company, sales company, training company, all these things up inside this penthouse over the last, what, five, six, seven, eight, nine, ten years now?

1:02I mean, it's really been 20 years. 20 years in the game. 20 years, but as a business owner, 13 years. 13 years. All right. So what we're going to do is, this is very important, we are going to break the mold of what you grew up with, thinking that it's rude to talk about money. I think it's rude to not talk about it. And I've watched Albert break through and tell people about why it's important to have money, why it's important to make money, why it's important to build up wealth inside of their society, inside of their households, etc. And so we're going to go into those type of questions. But first, Albert Presciato, give him the quick two-minute bio so we can get straight to the money.

1:35You know, just a Mexican-American kid, first generation. I came here, my parents made me in Mexico, crossed the border for a better future, had me here. I was born here. I didn't speak English until I was seven. And former ESL student, special ed student, college dropout, nobody gave me a shot to do anything in life. And then I just dropped out of college, got into sales in mortgages. I was selling mortgages. And then 13 years ago, I started my mortgage company. And then I made my first millions selling mortgages, real estate. And then I got into the whole social media, started my personal brand.

2:10And because of that, in 2021, I made 30 million in revenue for the first time. And ever since then, I've never looked back. Nice. All right. On the make money side of the topics how do mortgage loan officers real estate how do they make money so when you sell a mortgage you make uh two and a half percent commission on the on the more on the mortgage uh on the mortgage amount so like if you sell a mortgage that's 500 000 you make two and a half percent of that got it uh just like real estate if you sell a 500 000 home then you make two and a half two percent three percent but it's very similar as you're just selling mortgages or you're selling the house but we decided to start a real estate company that way we can double end the commission we get paid on the mortgage and the real estate right which led to opening up the escrow company where now we make a commission on on the real estate on the mortgage and on the escrow and I'll tell you something the escrow makes a lot of money like sometimes you you get like$60 ,000 commissions on escrow.

3:18What? Yeah. And so that's why I have that business, but that's the business that made me 30 million 2021. And that's how I made my money. Like that's when I was 20 years old, I made a$260 ,000 selling mortgages. And then I lost it all in 2008. But after that and learning from you and other mentors, I realized that it was very important to create your personal brand and then to create your brand, just your company brand, which is just bigger than your personal brand. I'll tell you why. Because Driven, it became a big brand now. Nine years. People want to be there. People want to speak for free.

4:07People want to pay me a lot of money to speak. I get a lot of favors from people. People want to be my friends. I have a billion-year friends. I told you one of my best friends in the world, Neil Patel, he'll see this. He's really successful. And we're always hanging out. I learn a lot from him. But it's opened so many doors by just building your personal brand that I told you I'm so excited right now. I'm making more money than ever. I can't even – I'm making more money than ever. I'm really happy. I have my kids, my wife. I have everything in life. There's nothing that I don't have and Driven is going to become the next virgin.

4:47Nice. Yeah. So what's the dates for Driven? Driven number nine, right? March, yeah, my birthday. Nice. So March 29, I came up with that date because it's my birthday and I can ask a lot of powerful speakers to speak for free because I tell them, hey, it's my birthday, the best birthday gift you could give me at my let, at my let is come to my event and it's my birthday it's gonna be the best birthday gift so you know I've been I've been doing that and it's gonna be the worst or some of the speakers you already have well nine coming up I'm very excited about mark Shapiro mark Shapiro he owns a bunch of multi-units he I know all the all the stuff I know the numbers of how many units he owns I know what he has I know his net worth but I'm not gonna reveal that you know he's a very private person I respect him but I'll just tell you that he's like if you guys think Grant Cardone is big like Mark Shapiro is big.

5:40And so we have Mark Shapiro. We have Daniel G. We have Eric Spofford. He sold his company for$115 million. We have Dan Fleischman. You know, we have a lot of heavy hitters. I'm about to announce a professional Hall of Famer NFL player. Nice. I think Mario Lopez, saved by the bell. Heck yeah. Josh Altman, the number one realtor in the U.S. It's a serious lineup. I can go on and on. Natasha Graziano. I don't want to miss anybody. But Brad Lee, you know, Brad Lee, one of my best friends too. But... That's the real Brad Lee. Yeah, the real Brad Lee. What's the website? Where can people go? DrivenEvent.com.

6:18It's the ninth year, the ninth year of the Driven event. Why do you think that when a lot of other events are struggling to get 300 or 400 people, how do you keep getting 2 ,000, 3 ,000, 2 ,000, 3 ,000, over and over? It's the brand that I built. and now people like see the credibility, the track record. So now it's like I don't even announce any speakers. I don't even announce dates or nothing and we just sell out like a year in advance. And now what's made the biggest difference is that we build a sales force. So we have 40 people, 40 sales people working for us. 40. Like we have like 10 remote and like 30 in-house, but we have the science to it so everything in life has a science to it mortgages real estate escrows events you're you're the master of that but sales like i'm very good in sales and relationships and vision like i'm a visionary sales very good at operations my wife she operates everything so sales there's a science like you have people that are are appointment setters You know, they're not skilled enough to close because they could burn the lead.

7:34We have closers that specialize in closing deals that are solid. So the sellers have to get them solid leads to close. We have TOs, people that take over. We have SPFs. You know, when, like, for example, right now, I told the guys, me and Casey told the guys, hey, you know what? If you do this, you'll get this amount of cash. My salespeople, even if you offer them a million dollars, they wouldn't leave me. because the culture that we have here is second to none. And then our people, they work Saturdays, Sundays, and holidays. And they'll work here until 10, 11 p.m., midnight sometimes. Sometimes they sleep here because they're closing deals and they fall asleep.

8:21So what makes a good sales rep and an okay sales rep and a bad sales rep? You need a lot of training. you need a lot of training uh uh give a shout out to casey who's right there like he he came here and he he just he changed um he he changed a lot of lives you know he he uh just like i changed his life he changed our life i saw the scoreboard out there there's a lot of we have 80 000 50 000 100 000 yeah we have our scoreboard but but he's here his responsibility is like i tell him hey you know you're only 24 like i have the experience uh just be coachable always stay humble to learn more there's always going to be somebody doing more of course and you got to remain humble to be disciplined and be a student because you want to get better i made all the mistakes i don't want you to make the same mistakes you know what's interesting is the wealthiest guys i've ever met all they do is ask questions yeah they want to learn yeah talk about ed my let the guy's worth 700 million dollars whatever that is like he asked a lot of questions because think about if he learns one little thing and it increases business by one percent well one percent of 700 million is seven million dollars you know like and like i've seen so many of these billionaires and zillionaires and like watching them interact at dinners yeah and they're asking what do you do how do you do that why do you do that why do you do it that way how do you do the structure it who does that for you why do they do that because that one little tidbit if you're doing 50 million 10 million 100 million whatever yeah it changes everything yeah but but practice and and just the systems like every day at 7 30 a.m casey has to be here by 7 30 p in the morning they have their sales meeting in the morning that sets up the mood and if you if you have a crappy meeting you're gonna have a crappy production day but ed my let dude i'm about to make a big announcement with ed my let like i i love it my let ed my letter always tells me that that i'm the person that reminds him more about him than than anybody else in the world he connected me with marshall falk uh so like and he sends me like these long voice notes and we're always talking but but Ed Mylett has been huge in my success and he is a huge mentor and somebody I respect a lot so similar question about the sales reps what makes a good mortgage loan officer versus an okay one versus one that's not gonna make any money you have to be well you need five things I don't know if I remember the five things But in today's, like right now for mortgages, it's the worst, darkest times.

10:47We're going through a crisis. It's worse than 2008. We are in a major recession, especially for mortgages. So a lot of them quit. A lot of them died. A lot of them, they're just, they're out. The one percenters are doing good. But what do you need to be, to separate yourself in mortgages? Five things. Number one, you have to have a strong mindset because I'm sure like you're used to it. Like you know that every day you have like a plan for the next day and you're like, I'm going to do this, this, this. Everything's lined up. You have your calendar and something goes wrong in the morning every time.

11:22It throws off everything. And then you have to figure out how to fix it. So when you have a strong mindset, nothing tickles you. You just know I'm going to handle it. So you need a strong mindset because mortgages are tough right now. You need to be a genius marketer. So what I mean by that is you got to be on social media. You got to be posting stories. You got to know how to market, how to be a marketer, and you got to know how to use social media. If you're not on social media and you don't have a strong mindset, you're going to fail in mortgages. Number three, you got to be a top closer, a salesperson.

11:54You got to master sales. If you suck in sales, you have no chance in mortgages. So mindset, marketing, sales. Now, number four, you got to be an expert in your field. So you got to be an expert mortgage person. You got to understand all the guidelines. You got to know your shit. You got to know every single thing. So that's number four. Number, the fifth thing to complete it is you got to have extreme work ethic. If you're not willing to work 18 hours a day right now, seven times a week in mortgages, and this is both for mortgages and real estate, you're not going to make it. And for me, dude, I enjoy it.

12:29Like today, I text in the morning. Out of nowhere, I'm just like, hey, what's up, Dan? It's 5.20 in the morning. Yeah. I wake up. Like today I woke up like at 3. I always wake up 3, 4, 3, 4. And like Kayla knows this. Like I wake up and I'm like on my DMs. Like I'm like I don't even have to do that. Like I don't need to. I have people that do that for me. But I get up and I'll spend like an hour just DMing people back. Bam, bam, bam, bam, bam, bam. And then like around. And then I'm texting them. And I'm telling them because Kayla and Casey, they're together. They're a couple. They're one of our favorite couples in the world.

13:02and Kayla is like I'm texting them in the morning so then when I'm done I'm like hey Kayla it's all yours you take over my DMs I'm done because I like to look through my stories and I'm looking at the viewers because people that are viewing your stories every day they're interested they're big followers it's like if I was single and I would go through my story my story viewers dude I would get uh it's so easy now to like hook up you know like before it was hard but social media has changed the world for a lot of things so like i'll go through my viewers and i'm looking for customers future customers uh i'm looking so then after uh when i'm done i'll be like hey uh kayla it's all yours so she takes over special delivery for you thank you vodka and oranges so on the investing side why do you invest so much into yourself into your personal brand does it have a return or is it to build what is it for best advice i'll give anybody here especially young men young men i tell them stay away from women alcohol and drugs uh and and but the best advice i'll give besides that is men mentors hire mentors pay people ten thousand dollars uh twenty thousand dollars $50 ,000,$100 ,000.

14:26And the second best advice is use credit cards. Like just swipe your credit card, pay for a mentorship. One on one is the best way of learning. I paid 11 years ago Grant Cardone and Patrick Bedevich. I paid them a lot of money for one on one. And that changed my life. Because of that, I started my own mortgage company. And then that just, once you become an entrepreneur, you can't go back. So as you're building the personal brand, you're getting bombarded with deals. How do you choose what you work on and what you focus on? I don't do a lot of things because the day everybody has the same time.

15:08So if I have let's just say I have 13 businesses, but I have one business that makes me 80K a day. I'm going to focus my main energy on that business. business and all the other businesses, I'm going to spend 5%, 3 % of my time. Same thing with people, same thing with family members. If they don't give me any value, if they're not contributing to my 80K a day, I'm not going to spend time with them because life is too short. I see people that are aging now and I want to live the best life when I'm young. I want to be with my kids when I'm young. I want my parents to see major success for me when they're alive.

15:50My parents are getting older. They're not in the best health condition. They're 75 years old. So time, you never get it back. It's easy to make money and you could always make more money, but you can never get time back. So I'm going to focus on 80K a day. 80K a day because$30 million a year equals to 80K a day. and that's my limit that's my minimum yeah so people get very distracted by shiny objects you know they're they're seeing social media they're seeing people with lamborghinis and ferraris and mansions and things but they're 19 20 21 22 23 25 just getting started in the game how can they learn first before trying to just jump right to the ferraris and lamborghinis Well, I have a lot of young, I call them kids, but they're young adults.

16:44They're like 18, 19, 20, 21, 24-year-olds. And they always, they come from like, a lot of them come from bad mentors and leaders. And they're just bad because they don't have the intelligence, the knowledge, the experience. They just don't have it. So they ask me, hey, should I get a car? Should I get this exotic? Should I get this? they want to get like things over their means and me with my experience being 41 going through a lot of stuff I mean you see me I'm very transparent I tell you like hey I'm broke my credit's fucked up I made mistakes I can't pay this I can't pay that I have to pay it later things happen but an entrepreneur figures them out so I tell I tell you I tell my guys my girls hey it's not time for a car yet.

17:38It's not time for, don't, don't get this, you know, live below your means, save money, invest it, stack it. Uh, it's not, it's, it's not time yet. Let's focus on making money. Let's make a million dollars first. Let's have a, at least half a million dollars in the bank. And then you can go get your car. Why do you think so many people get stuck in just kind of existing and not trying to accelerate their life and try to make more money i think the one percenters are the one percenters for a reason and you can't force everybody to be successful like there's eight billion people in the world uh not everybody wants to be like a billionaire like some people are happy just being average most people are so one thing that i'm very proud of is that we kind of force people to be successful.

18:36So we're calling people, you know, we have 40 people and every salesperson makes a hundred calls. So we're dialing 4 ,000 times a day and they're getting better. So we're high pressure salespeople. So the way we look at it is we're gonna change their lives. It would be unethical if we don't close them because because we're gonna close them and they're gonna change their lives. There's people here that we've closed high pressure sell into them giving us their last$10 ,000, and now they're making$20 ,000 in one month. And this is, I'm talking about their first month, second month. So, like people are just average.

19:21I have this saying, if you truly believe in what you're selling, it's rude of you not to sell it. Exactly. Yeah. If you think you're gonna change someone's life, you should stay here till midnight and so i've always thought like that but before it was like girls i thought it would be unethical if i don't close her a thousand later yeah so why do you think it's in our society the last i mean all of it until recently and maybe even in some households still recently why do you think it's rude to talk about money why do you think people have that in their mind that's biggest the biggest reason i started this a couple years ago was to take that away from people's head because our daily lives have money involved for bills food travel gasoline rent everything is money related i don't see what's rude about talking about real life stuff and nothing rude about it yeah i think fucking brokies are the most on the most uh selfish people in the world because they're they're so selfish it's all about them like they don't like to talk about money they don't they don't like people that have money that make a lot of money because they're so selfish because if you don't have money if you're broke you don't have any money like who are you going to help if you don't have any money you can't donate any money if you you can't you can't help people if your uh best friend your family member your whether it's your kids or your fathers mothers if they're sick and they need a their critical condition and they need 50 grand you don't have it they need 100 grand you don't have it they they might have to go see gary brecca and get fixed and they don't have the money.

20:58So you're not going to change lives if you don't have money. Like Donald Trump wouldn't be the president if he didn't have any money. You need money to help people. You need money to change the world. You need money to be Elon Musk and go to Mars. So like people that are broke and don't like to talk about money, they're the most selfish people in the world. So as you've been scaling the business and you bring on 40 people here, you also have a ton of employees on the mortgage side, the lending side, the real estate side, et cetera. How is it to deal with so many staff members, the inner workings of it?

21:36I only, and this, it's almost like deja vu. Like I was talking to Eric Spofford, Neil Patel. I'm going to tell you my answer. I pretty much only talk to like five of my employees. We have probably close to 500 now. I only talk to like five. so like I don't deal with it but but the the reason why is because there's a really good book I'll recommend everybody it's called rocket fuel I when I read that book I realized I'm a visionary and I just got to stick to the vision I just got to stick to my CEO duties and then sale is the operator and she's gonna operate all the employees everybody that works here I only maybe maybe five to ten people in the company is who I talk to.

22:21So let's say someone's got their five or ten thousand dollars saved up. They want to choose someone to learn from, whether it's coaching, a mentor, a mastermind, whatever. How do they decide or research or figure out who's the right fit for them? There's different mentors for there's like I know some people have good good rep, bad rep. You know, like I I'll name I'll name a few. Right. So you have obviously yourself, Dan Flaishman. Dude, you connect me with everybody. I don't know if you call yourself that. Maybe you haven't. But you just know everybody. You're like a connector. And dude, you would be a mentor into teaching people like how to get into rooms, how to meet the right people, how to network.

23:08But then you have other people like Wes Watson. A lot of people hate him. a lot of people love him but he he he does have a good um message message for people that need his message you know like the mindset stuff natasha crocian another one she was here yesterday dude she's she's awesome like uh people have told me like bad things about her this and that and and i i did i did some research i found some things i saw like one of her last podcast so i asked her i when she came in here i said hey is are you okay with me asking anything is there something you don't want to talk about and she said ask me anything and I said can I ask you about your fake followers can I ask you about the orphanage and just stuff like that and if you see the podcast like she clears everything and and I'm a smart guy everything made sense I believe her she's she's awesome did I respect her fucking hustle and she sends a good message she's just that tough woman she talked about she she was raped three times 15 21 it's the first time she talks about that wow but she was super open and i'm sure that's going to help a lot of uh other girls that maybe they're going through that right now sure but but there's also like neil patel you know that guy's a genius marketer for like huge trillion dollar companies but you'll learn from everybody ty lopez you know ty lopez he also gets like hate and people love him people hate him but that guy knows how to do like something's right so sure everybody has something so the way i did it was like i hired tim grover david goggins grant cardone patrick david dean graciosi i hired every john maxwell those are all big names yeah so like i hired all of them paid him like some some 400k some 100k some less or more so that they can spend one-on-one time with me and also be on my podcast, be on their podcast, go on an Instagram live, go visit them at their house.

25:09All of those things have made me who I am. And now I'm able to teach other people that they get all in one with me. So let's talk about the charity side of life. Why do you think it's important for families, households or companies to do some type of charity work or help the homeless or feed people or help children? Like, why should they have some type of charity in their life? bro that's the biggest thing like like the more you give the more you get you just gotta give give give like i'm always like i always carry like cash it's weird but i have like a ziploc bag that's fun and i and i just have like a bunch of like hundred dollar bills and and wherever i go like wherever i go i'm like like i'm always pulling out like a hundred or or whatever and i'm like giving them to like the valet the people at the restrooms at javier's you've been doing this 100 % bill thing.

25:58Can you talk about that? Yeah. Every time I go to dinner, no, not every time, but 90 % of the time, I always match the price. So if the bill is$240, you tip$240? Yeah. Wow. Yeah. If it's$1 ,000, I tip$1 ,000. Really? Yeah. I love it. And we go to dinners every day. Yeah. 90 % of the days, we go to dinner. And that's kind of like, that's why like life is work and work is life. But I'm really like, I want to do something with you, maybe Tim's story. Me and Sil, we've been talking about this. But for now, we just donate. Whenever I go to Dave Meltzer's events, yours events, Tim's stories, I donate.

26:41I always give$1 ,000,$500,$2 ,000, something like that. But I want to start my own driven charity. Of course, it's great. We got to look at GoDaddy. driven charity calm and so I want to start that I want you to help me with it and and and I just want to give like I don't know I want to give a lot of money like a percentage of my income I just want to give it to my charity and for me I love I love white people black people purple people yellow people but but I'm Mexican I'm Latino so I want to do something that that helps like the Latino kids like I want to be for the Latino American kids the Latino community is 20 % of the U.S.

27:28population, and they need help. For sure. You know, like, they grow up with not the correct information to become successful, to build their dream life, you know? So I was one of those, and I had to hire all these mentors to learn. So I want to do, like, some driven charity, and then we could help, like, all the Latino Americans here in the U.S., even outside of the US, but I know that, I mean, you know that, like the, some people won't agree with me, but I think the Latinos here in the US are the hardest working people. Sure. Like, they're loyal people, and everybody's great, but like, I just feel like they're loyal, they're hard workers.

28:13Patrick B. David once told me, my, most of, I focus, and most of my people are Latino. Latinos PHP before he sold it because they're just hard workers and they're loyal and I remember that hard workers and loyal and then Grant Cardone Bradley you know Tim story Tim Grover there's a video with Tim Grover he tells me that I told him one thing and he ran with it I always reposted they all told me the same thing Albert focus on your Latino community because there's nobody that that controls that you are the one and my let another one and and so like I started doing that and it's been going really really well but but uh the most powerful thing you'll hear here is is if you want to make more money give more help more people and the money's gonna come on autopilot a lot of people don't realize that they can give without cash if you don't have much money use your social media show up and volunteer go there and put in the energy if you can't donate the physical cash put in your time put in your energy put in your muscles go go help go to the children's hospital go to senior citizen's home yeah like everyone needs to go to go feed the homeless yeah so trina's kids foundation we started 11 years ago and it is for the latin community we've been helping the latin children in downtown los angeles since was that 2012 2013 and we always have 400 families show up and we do four charity events a year We do a back to school day Report card day Thanksgiving food drive And then the toy drive And every year it gets bigger and bigger And bigger and bigger And every year more families show up More families show up So with Driven Charity You just kind of have to boil down and think about What is the main category?

30:03I want to give$1 ,000 to your charity Amazing I'm going to give it out right now then We'll give it out tonight Thank you think about what is the thing is it is it the children is it the Latin community in general is it education is it toys is it feeding them when you figure that out it makes it easier for people to support your mission because what will happen is people will copy you yeah and it's a good thing by the way so years ago we started it was called the hundred dollar tipping club so the similar how you've been tipping a hundred percent yeah hundred dollar tipping club is we'll get like eight friends, 15 friends, 30 friends together, and everybody chips in a hundred bucks.

30:42Sometimes if we're in like Salt Lake City, we'll do a thousand dollar tipping club. So we'll get 26 people together and donate$26 ,000. And the way you do it is a hundred dollar tipping club. Anyone can go. That's actually the website, a hundred dollar tipping club. You can go to a restaurant, get Albert and seven year friends together, and you don't tell the waitress. and at the end of the meal 50 the money goes to the waitress 50 the money goes to the barbacks the the cooks the chefs etc yeah so if you got like 1700 bucks give her eight or 900 bucks and give the staff eight or 900 bucks over 4 000 people have copied us that we know of it could be a lot more over 4 000 have copied us and so i love every time i see you doing this 100 because i started seeing other people do it you're making me want to do it now let's go tonight How are yours?

31:32Yeah. And so the point is, when you figure out what that niche is, you're like, okay, you know you want to help the Latin community. Yeah. Is it children? Is it homeless? Is it feeding them? Is it education? What is that thing? Because that'll make people want to rally around you because you're such a powerful figure in that space. Yeah. All right. I'm going to ask you a question that I ask on every single episode, but I've never gotten the same answer. Ready for this? Yeah. Okay. $80 ,000 a day. right 30 million dollars a year but you're still young over the course of time you're going to go from 30 million 50 million 100 million god willing 200 million ultimately you might become a billionaire i think you will and at that time let's call it 100 years from now and you've got multiple children what percentage of a billion dollars do you leave to those children that's a very good question it's hard you know like like I'm not I don't want to I don't want to leave them I want to leave them very little I want to leave everything to the world like I want to just donate everything leave my my children like a little bit something where they could start a business my my girls, because they're here right now.

32:54All three of them. That's awesome. And, like, Italia's birthday was yesterday. She turned eight. And you know what her wish was? She said, Dad, Mom, I just want to go to the office for my birthday. That was her birthday gift. Wow. So, like, I want them to figure it out. I want them to struggle. I want to get them, like, maybe not a Honda Civic, but, like, a little Mercedes. when they're able to drive. And then they have to earn everything else. And then they have a little bit of money to start something. But then the rest of it, I just want to put it in good use. I want to donate it to the future.

33:40Like, I want to donate it. And I never thought about this to this extent, but I want to donate it to the kids. and also the kids have to earn it, not just to any kid, right? Maybe there's like a school where they have to go to, a school that I build, and the kids that graduate, then they get it. Driven school, I like that. Yeah, driven school for the kids. Because the kids are the future. For sure. Italia will make her own billion. Berlin will make her own billion. Cali will make her own billion. Those are the kids that I want to create. And I don't want to have kids where I give them a billion dollars and they turn into drug addicts.

34:19They're entitled. They expect everything. So that's the way I see it. And if you think about it, Dan, like me and you see each other, like how often? Maybe like once a month? Right now? Like once a month? So like if you have, let's just say me and you have 40 years left. Right? 40 years left. So that means that I'm going to see you 40 times 12. 480 times. So I'm going to see you 480 times more. So now with this, I'm going to see you 479 more times. So the life is not the years. And what if something happens to you or me? Then I don't see you again. But a good way to see it is like, I'm only going to see Dan 479 more times after today.

35:13So those 479 times have to count. You can't get the time back. How many times do you see your mom? A year? Twice. Twice a year? And how many years does she have left, more or less? Just being conservative. You said being conservative, say five. Okay, so that means you're only going to see her ten more times. So when you think about that, life is short, and that's why I'll have champagne every day. like I all have I have family members that are dying that died I have people that didn't do what they wanted to do and they were like always saving, saving, saving pay off their home and then they die so that's why money is so easy to make time is impossible to get back so like my billions I'm building a trillion dollar company that's how big I think billions is going to be easy That's already in the works.

36:12But a trillion-dollar company like Apple, like those big companies, Microsoft, Facebook, Amazon, like that's my vision. And, yeah, I mean, all the money that I make, I'll leave 1 % to my kids, and I'll give everything away, donate it to the students, to the young kids that earn it because they graduate from the driven school. So that's what I'll do. I love it. all right where can people find you online where can they find driven where can they find your whole world go through all of it very simple just google me albert presciano that's it yeah it's easy yeah google me all right guys by the way i did a campaign for neil patel that's a really fun story by the way before we go yeah i love neil patel yeah so i did a campaign called who is neil patel and this campaign was i had instagram models influencers holding up signs that let's see if answers me right now that literally said who is neil patel he wrote an article about it you can still see the article see neil hey neil we're talking about you here we're doing a podcast live we're talking about the campaign that dan did for you what you want to tell him right all right so you're live on the money mondays and i'm going to put you right next to the microphone do you remember the who is neil patel campaign tell us about it yeah so dan had a lot of people just go out there and take pictures and hold up a sign, who is Neil Patel?

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37:38He took models, influencer people, business people, dudes, chicks, pretty much everyone to hold up a sign, and it caused a ton of people to Google for my name, which then helped with a lot of my Google rankings. Thank you, Neil Patel. We'll call you later. We'll probably see you for dinner. Bye. So that campaign was interesting because we'd have girls use lipstick they can write on the mirror, who is Neil Patel? So people are scrolling through Instagram like, who the hell is Neil Patel? They have no idea. And they started Google searching him and his search went through the roof. And as you guys know, he's a wizard.

38:13So he turned that into this huge company. All right, guys, I appreciate you guys being here. As you know, The Money Mondays is meant for you to share with your friends, family, and followers. Visit us on themoneymondays.com. Talk to your families. Talk about money because it's important. You gotta talk about loans, finances, taxes. what happens if you borrow money should i do this should i pay that should i get a rent a lease what do i do about payroll how much should i ask for my salary money is part of your daily life so have discussions about it be blunt about it ask your friends about it and make sure to have open communication so we'll see you guys next monday on themoneymondays.com

From the publisher

In this special episode of The Money Mondays, we have Albert Preciado as our esteemed guest. This is his third time on the show, and a big reason for that is that he's a seasoned expert in the real estate industry. He’s here to share valuable insights, strategies, and tips on how to navigate 2025's evolving real estate market. --- Albert Preciado is the Founder and CEO of The Mortgage Guys, Ambiance Realty, and Driven Enterprises. Albert has been involved in the mortgage industry since 2005 and is a licensed Broker and Mortgage Originator. He faced some of the toughest times in his life in 2008 during the market recession and Mortgage Meltdown. Despite these challenges, Albert chose to weather the storm and remain committed to the industry he believed in. --- Like this episode? Watch more like it 👇 He Built a $500M Real Estate Empire with NO MONEY - Ben Reinberg: https://youtu.be/w4SBQS0gtd0 Albert Preciado & Marczell Klein's Real Estate Journey & Hypnosis Techniques: https://youtu.be/t-hDyNx36po Making Millions with Real Estate Investing 📈 Albert Preciado & Cole Hatter: https://youtu.be/OQO9hhGQf6I Jimmy Rex's Million-Dollar Real Estate Strategy Revealed: https://youtu.be/OWADoFktfHQ Watch ALL Full Episodes Here: https://www.youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k --- The Money Mondays is a business podcast here to teach you how to make money, invest money, and donate money by showcasing some of the world's most successful people and how they do the same. Hosted by serial entrepreneur Dan Fleyshman, the youngest founder of a publicly traded company in history, this money podcast gives you an exclusive behind the scenes look at how the wealthiest celebrities, entrepreneurs, athletes and influencers make, invest and donate money. If you want to learn more business and investing while you work to improve your financial life, you're in the right place! Subscribe: https://www.youtube.com/@themoneymondays?sub_confirmation=1 Dan Fleyshman, The Money Mondays Learn more here: https://themoneymondays.com Watch all the podcast episodes: https://youtube.com/playlist?list=PLs0D-M5aH-0IOUKtQPKts-VZfO55mfH6k Let’s Connect... Website: https://themoneymondays.com Podcast: https://podcasts.apple.com/us/podcast/the-money-mondays/id1663564091 Twitter: https://twitter.com/themoneymondays LinkedIn: https://www.linkedin.com/company/the-money-mondays/about/ TikTok: https://tiktok.com/@themoneymondays FB: https://www.facebook.com/The-Money-Mondays-110233585203220/

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