What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP105

What this episode is about

The discussion centers on the journey of Albert Preciado, a successful real estate investor and entrepreneur, who shares insights on building wealth and the importance of financial literacy. It highlights his personal story of overcoming adversity and his belief in the necessity of discussing money openly to empower individuals in their pursuit of success.

Key takeaways

• Success isn't a one-size-fits-all; for many, happiness trumps billionaire ambitions.
• In a world obsessed with wealth, talking about money can be the ultimate rebellion.
• Personal branding isn't just a buzzword; it's a powerful currency in today’s business landscape.
• Diversifying income streams, like pairing mortgages and real estate, can turn financial turbulence into triumph.
• Building a network with billionaires isn’t luck; it’s a result of strategic personal branding and being authentic.

Who speaks in this episode?

• Albert Preciado (Guest) · 31 min speaking
• Unknown Host (Host) · 8 min speaking

What is discussed, and when

1. 0:00 – 5:00: Driven, Albert Preiato
2. 5:00 – 10:00: Mark Shapiro, Driven
3. 25:00 – 30:00: Driven
4. 30:00 – 35:00: Driven
5. 35:00 – 38:58: Driven

Notable quotes from "What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP105"

• Mondays for you so here we are making a special exception from my dear friend over here Mr Albert Prato so as you guys know the way it works is we covered Three core topics how…

  about Albert Preiato · at 0:37

• Wife I have everything in life there's nothing that I don't have and driven is going to become the next virgin nice yeah so what's the dates for driven number nine right March…

  about Driven · at 4:40

• Five so like I don't deal with it but the reason why is because there's a really good book I'll recommend every body it's called Rocket Fu I when I read that book I realized…

  about Rocket Fuel · at 21:52

• Citizen's home yeah like everyone needs go to the go feed the Homeless yeah so trus kids Foundation we started 11 years ago and it is for the Latin Community we've been helping…

  about Tre Kids Foundation · at 29:22

Who and what is mentioned in this episode?

People

• Albert Preiato — Person · Main guest · 1 mention · first at 0:33
  Primary interview subject describing how he built mortgage/real estate/escrow and an events brand (Driven), plus his views on sales, mentorship, and charity.
• Dan Fleyshman — Person · Referenced speaker / connector · 2 mentions
  Mentioned as part of the Driven speaker lineup and described by Albert as a key connector who can mentor people on networking and getting into rooms.
  I know some people have good rip bad rip, you know like I, I'll name a few right...
• Mark Shapiro — Person · Referenced speaker (Driven lineup) · 2 mentions · first at 5:18
  Named as a high-profile, private real estate owner speaking at Driven; Albert positions him as even bigger than Grant Cardone in scale.
  It's going to be the who are some of the speakers you already have for n coming up I'm very excited about Mark Shapiro he owns a bunch of multi-units he I know all the stuff I know the numbers of how many units he owns I know what he has.

Books & papers

• Rocket Fuel — Book · Primary recommendation · 2 mentions
  A book recommended by Albert Prato that helped him understand his role as a visionary in his business.

Companies & orgs

• Driven — Company · Business focus · 8 mentions · first at 4:00
  Albert Prato's company that has become a significant brand in the mortgage and real estate industry, hosting large events and expanding into various business ventures.
• Tre Kids Foundation — Company · Charity focus · 2 mentions
  A foundation started by Albert Prato aimed at helping Latino children in downtown Los Angeles through various charity events.

Full transcript with timestamps

0:00 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 ladies and gentlemen welcome to a special edition of the money Monday's podcast as you guys know 99% of the episodes are filmed inside of an RV motor home we have done 106 episodes 103 of them have been RV motor home but Albert preiato 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 from my dear friend over here Mr Albert Prato so as you guys know the way it works is we covered 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

0:57 inside this Penthouse over the last what 5 6 7 8 9 10 years now I mean I it's been really been 20 years 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 go into those type of questions but first Albert press give him the quick two-minute bio so we get straight to the money you know just a Mexican American kid first generation I came here my parents made me in Mexico across the border for a better future had me here I was born here I didn't speak English till I was

1:45 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 uh 13 years ago I started my my mortgage company and then I made my first Millions uh selling mortgages real estate and then then I got into the whole social media started my personal brand and because of that in 2021 I I um 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 a 2 and a half% commission on the on the on the mortgage uh on on the mortgage amount so like if you sell a mortgage that's 500,000 you make 2 and a half% of that got it uh just like real estate if you sell a $500,000 home then you make

2:49 two and a half 2% 3% but it's very similar it's you're 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 which led to opening up the escro company where now we make a commission on on the real estate on the mortgage and on the escrow and I I'll tell you something the escrow makes a lot of money like sometimes you get like $60,000 commissions on escrow what yeah uhhuh and and so that 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 my my money like that's when I was 20 20 years old I made uh $260,000 selling mortgages and then I lost it all in 2008 but after that and learning from you and and other mentors I I realized that it was very important to create your personal brand and and then to create

3:52 your brand like your just your company brand which is just bigger than your personal brand I'll tell you why because like driven is it became a big brand now so like people people want to be there people want to speak for free people want to pay me a lot of money to speak um I get a lot of favors from people people want to be my friends I have billionaire friends I told you one of my best friends in the world Neil Patel he'll see this uh you know he's uh he's really successful and we're 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 I told you I'm so excited right now like I'm making more money than ever I I can't even like 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 that I don't have and and driven is going to become the next virgin nice yeah so what's the dates for

4:49 driven driven number nine right March yeah my birthday nice so March 29 I I 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 him hey it's my birthday the best birthday give you could give me Ed myet Ed myet is uh come come come to my event and uh and it's my birthday it's going to be the best birthday gift so you know I I've been I've been doing that and it's going to be the who are some of the speakers you already have for n coming up I'm very excited about Mark Shapiro Mark Shapiro he owns a bunch of multi-units he he I know all the all the stuff uh I I know the numbers of how many units he owns I I know what he has I know his net worth but I'm not going to reveal that you know he's he's a very private uh person I respect him but um I'll just tell you that he's like if you guys think Grant Cardone is big like Mark Shapiro is big and and so we have

5:41 Mark Shapiro uh we have um Daniel G we have uh Eric spafford he sold his company for 115 million we have Dan fman you know uh we have a lot of Heavy Hitters um I'm about to announce a professional Hall of Famer NFL player nice uh I think Mario Lopez Save By the Bell thank yeah uh Josh Alman the number one realtor in in the US it's a serious lineup I I can go on and on Natasha graciano I don't want to miss anybody but Brad Lee you know Brad Lee uh one of my best friends too but uh it's the real Bradley yeah the real Bradley the website where where can people go driven event.com it'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 3 or 400 people how do you keep getting 2,000 3,000 2,000 3,000 over and over it it's the brand um that I that I built and and now people like uh see The credibility the track record so now they they they it's

6:41 like I don't even announce any speakers I just I don't even announce dates or nothing and we just sell out like a year in advance and and now what's made the biggest difference is that we build a Salesforce so we have 40 people 40 sales people working 40 like we have like 10 10 remote and like 30 inhouse but we have the science to it so everything in life has a science to it mortgages Real Estate Escrow 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 are appointment setters you know they're they're not skilled enough to close CU they could burn the lead we have closers that specialize in closing deals that are that are solid so the seters have to get them solid leads to close we have to people that take

7:42 over uh we have uh spiffs you know when when like for example right now I 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 uh my my salese even if you offer them a million dollars they they wouldn't leave me because they the culture that we have here is second to none and and then our people uh they they work Saturdays Sundays and week and holidays uh and and they they'll work here till 10: 11:00 p.m. midnight sometimes sometimes they sleep here because they they just they're closing deals and they get they they fall asleep so what makes a good sales rep and okay sales rep and a bad sales rep you need a lot of training you need a lot of training uh um 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

8:44 out there there's a lot of,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 some somebody doing more and you got to remain humble to be U disciplined and 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 the wealthiest guys I've ever met all they do is ask questions yeah they want to learn you talk about Ed milet the guy's worth $700 million or whatever that is like he asks a lot of questions because think about if he learns one little thing and it increases his business by 1% well 1% of 700 million is $7 million you know like and like I seen so many of these billionaires and zillionaires and like watching them interact at dinners and

9:33 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 structure it who does that for you why do they do that cuz that one little tidbit if you're doing 50 million 10 million 100 million whatever 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 going to have a crappy production day but at my dude I'm about to make a big announcement with Ed milet like I I I love Ed mlet Ed mlet 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 Faulk uh so like it and he sends me like these long voice notes and we're always talking but but Ed myet has been huge uh in in my success and he is

10:23 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 going to make any money you you have to be well you need five things I don't know if I'll remember the five things but in today's like right now for mortgages it's the worst darkest times we'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 uh died a lot of them uh they're just they're they're out the 1centers 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 like you're used to it like you know that every 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 and something goes wrong in

11:21 the morning every time it throws off everything and then you have to figure out how to fix it so when you have a strong mindset nothing uh tick 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 sales person you got to master sales if you suck in sales you're going to you're going to you have no chance in mortgag 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

12:11 [ __ ] 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 and mortgages and and this is both for mortgages and real estate you're not going to make it and and for me dude I enjoy it like like where like today I text you in the morning out of nowhere I'm just like hey what's up Dan like 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 uh like Kayla knows this like I wake up and I'm like on my DMs like I'm like I I don't even have to do that like I I don't I don't need to I have people that do that for me but I I get up and 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 cuz Kayla and Casey they're they're

12:58 they're together they're a couple they're they're one of our favorite couples in the world and and Kayla Kayla is like um like I at I'm texting him in the morning so then uh when I'm done I'm like hey Kayla it's all yours you take over my DMs uh I'm done I I just because I like to to look through my stories and I'm looking at the viewers because people that are viewing your stories every day they're interested like they're they're they're like they're big followers it's like if if I was single I and I would go through my story my story View viewers dude I would I would 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

13:53 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 um 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 me mentors hire mentors pay people $10,000 uh $220,000 $50,000 $100,000 and and the second best advice is use credit cards like just swipe your credit card pay for a mentorship oneon-one is the best way of learning I paid a 11 years ago Grand card own in Patrick M David I paid him a lot of money for oneon-one MH and and that changed my life that that like what 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

14:58 deals how do you choose what you work on and what you focus on I I I don't do a lot of things because the day everybody has the same time so 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 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 I see people that are aging now and you know I 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 my parents are getting older uh they're not in in the best health condition uh they're 75 years old so time you never get it back it it's it's easy to make

16:02 money and you could always make more money but you can't never get time back so like I'm going to focus on 80k a day 80k a day because $30 million a year equals to 880k a day and that's my limit that's my minimum 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 F FIS 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 a lot of young uh I call them kids but they're young adults they're like 18 19 20 21 24 year olds and they always they they they come from like a lot of them come from Bad uh mentors and leaders and they're just bad because they don't they don't they don't have the intelligence the knowledge the experience they just don't have it so

17:05 they ask me hey should I get a car should I get this exotic should I get this they they want to get like things over their means and and me with my experience being 41 going through a lot of stuff uh I mean you see me I'm very transparent I tell you like hey I'm broke my credits [ __ ] up I made mistakes I can't pay this I can't pay that I have to pay it later uh things happen but an entrepreneur figures them out so I tell I tell I tell my my guys my girls hey is not time for a car yet it'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 could 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

18:10 money I think the 1centers are are the one percenters for a reason and you can't force everybody to be successful like there's 8 billion people in the world uh not everybody wants to be like a billionaire like some people are happy just being average which most people are so one thing that I'm very proud of is that we kind of uh force people to be successful so we're calling people you know we're we have 40 people and every person every salesperson makes a 100 calls so we're dialing 4,000 times a day mhm and they're getting better so we're high pressure uh salespeople so we the way we look at it is we're going to change their lives it it would be unethical if we don't close them because we're going to close them and they're going to change their lives like there there's people here that we've closed high pressure sale into them giving us their last $10,000 and now they're making $20,000

19:14 in one month and and this is I'm talking about their first month second month so like people are just average I have the 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 going to 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 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 household 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

20:06 what's rude about talking about real life stuff and nothing rude about it yeah I think [ __ ] brokies are the most UN 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 a 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 Brea and and and get fixed and they don't have the money so so you're not going to change lives if you don't

21:00 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 that are broke and don't like to talk about money they're the most selfish people in the world so as you 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 Etc how is it to deal with so many staff members the inner workings of it I only and and I'm and this it's almost like deju like I was talking to Eric spafford Neil Patel I'm going to tell you my answer I 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 I don't deal with it but but the the reason why is because there's a really good book I'll recommend every body uh it's called

21:59 Rocket Fu 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 s is the operator and she's going to operate all the employees everybody that works here uh I only maybe maybe five to 10 people in the company is who I talk to so let's say someone's they've got their five or $110,000 saved out 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 rip bad rip you know like I uh I I'll name uh I'll name a few right so you have obviously yourself Dan fman dude you you connect me with everybody like I don't know if if you call yourself that uh maybe you have maybe you haven't but you like you just know everybody you you you're like a connector and and and dude

23:00 you're you you would be a mentor into teaching people like how to get into rooms how to meet the right people how how to network uh but then you have other people like you have 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 gra another one she was here yesterday dude she's she's awesome like um 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 podcasts 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 then she said ask me anything and I said can I ask you about your fake followers can I ask you about uh uh the orphanage and just stuff like that and if you see the podcast like she clears everything and

23:57 and I must smart guy everything made sense I believe her she's she she's awesome dude I respect her [ __ ] hustle and and she sents a good message she's just that tough woman dude 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 billion 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 some things right so everybody has something so the way I did it was like I hired Tim Grover David goggin Grant Cardone Patrick bed David Dean graos I hired every John Max those are all big names yeah so like I hired all of them paid them like some

24:55 some 400k some 100K some less some more so that they can spend oneon-one time with me and also uh be on my podcast be on their podcast go on an Instagram live go visit them at their house all of those things have made me who I am and now I I'm able to teach other people that they get all inone 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 got to give give give like I'm always like I always carry like cash it's weird but I have like a ziplock bag that's fun and I and I just have like a bunch of like $100 bills and and and wherever I go like wherever I go I'm I'm like like I'm always pulling out like a hundred or or

25:51 whatever and I'm like giving them to like the valet the the people at the restrooms at jaier you've been doing this 100% Bill thing can you talk about that yeah every time I go to dinner no not every time but 90% of the time I I always uh I always match the the the price so so 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 and uh and and me and we go to dinners every day yeah 90% of of the days we go to dinner and and that's kind of like that's why like life is work and work is life but but I'm I'm I'm really like I want to start a um I want I want to do something with you maybe Tim story I I want to me and Sil we've been we've been talking about this but um we from for now we just donate like whenever I go to Dave melzer's events yours event like Tim stories I donate I always give like $1,000 500 bucks 2,000 bucks what like like something like that but I want to start

26:47 my own like driven um like driven charity of course that's great we got to look at GoDaddy driven charity.com so I want to start that I I want you to help me with it and and and I just want to give uh 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 uh I love uh I love white people black people purple people uh yellow people uh but but I'm Mexican I'm I'm Latino so I I want to do something that that helps like the Latino kids like I I want to something for the Latino American Kids the Latino Community is um 20% of the US population and and they need help for sure you know like they they're they they grow up with uh not the correct information to become successful to build their dream life you know so because 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

27:49 and then we could help like all the Latino Americans here in the US even outside of the US but but I know that I mean you you know that like the I some people won't agree with me but I think the Latinos here in the US are are the hardest working people sure uh like they're loyal people and and and everybody's great but like I just feel like they're loyal they're hard workers Patrick B David once told me uh my all most of I I focus and most of my people are are Latino Latinos PHP before he sold it y because they're just hard workers and they're loyal and I remember that hard workers and loyal and then Gran Cardone Brad Lee you Tim story Tim Grover uh there's a video with Tim Grover he tells me that I told him one thing and he ran with it I I 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 Ed My Le

28:47 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 is going to 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 go to the go feed the Homeless yeah so trus 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 we do back to

29:44 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 more families show up so with driven charity you just got to boil down and think about what is the main category I I want I want to give $1,000 to your charity amazing I'm gonna I'm gonna give it out right now then we'll give it out tonight uh thank you the 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 it's 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 What's called the $100 tipping Club so the similar how you've been tipping 100% yeah $100 tipping Club is we'll get like eight friends 15

30:37 friends 30 friends together and everybody chips in 100 bucks sometimes if we're in like Salt Lake City we'll do a $1,000 tipping Club so we'll get 26 people together and donate $26,000 and the way you do it is a $100 tipping Club anyone can go it's that's actually the website $100 tipping Club you can go to a restaurant get Albert and 70 friends together and you don't tell the waitress and at the end of the meal 50% of the money goes to the waitress 50% of the money goes to the barbacks the the cooks the chefs Etc so if you got like 1,700 bucks give her8 or 900 bucks and give the staff eight or n00 bucks over 4,000 people have copied us that we know of it could be a lot more over 4,000 of copy D 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 yours yeah and so the point is when you figure out what that Niche

31:35 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 gonna 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 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 uh it's hard you know like like I'm I'm not uh I don't want to I don't want to leave him I I want to leave them very

32:37 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 um start a business my my my girls cuz they're here right now uh all three of them that's awesome and and and and like Italia's birthday was yesterday she turned eight and you know what you know what her wish was she said Dad uh Mom I just want to go to the office for my birthday that was that's her birthday gift wow so like I 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 uh when when they're able to drive and then they have to earn everything else and and then um then they have a little bit of money to start something but then the the rest of it I just want to I I want to I want to put it in in good use I want to donate it to uh the future like uh I want to

33:41 donate it and I I never thought about this to this extent but I want to do it I want to donate it to the kids uh and also the kids have to earn it not just to any kid right maybe there's like a like a school where they have to go to a school that I build and the kids that graduate then they get driven school I like yeah driven school for kids uh because the kids are the future for sure Italia will make her own billion Berlin will make her own billion Kelly will make her own billion those are the kids that I want to create and and I don't want to have kids where I give them a billion dollars and they they turn into drug addicts they're they're uh entitled they expect everything so that's the way I see it and if you think about it uh Dan like me and you see each other like how often maybe like once a month yeah right now like once a month uh so like if you have uh let's just say me and you have 40

34:39 years left right 40 years left so that means that I'm going to see you 40 * 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 mhm so the life is not the years and and 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 so those 479 times have to count you can't get the time back like how many times do you see your mom a year twice twice a year and how many years does she have left like more or less being be just being conservative being conservative say five five okay so that means you're only going to see her 10 more times so like when you think about that like life is short and that's why I I all have champagne every day like I I'll have uh 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

35:51 always saving saving saving pay off their home and then they die so that's why like the money is so easy to make time is is impossible to get back so like my billions like I'm I'm I'm building a trillion dollar company that that that's how big I think billions is going to be easy that's already in the works but a trillion dollar company like apple like you know like those big companies Microsoft Facebook Amazon like that that's that that's my vision and yeah I mean all the money that I make all I'll I'll leave 1% to my kids and I'll give everything away donated 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 pre that's it yeah it's easy yeah Google me all right guys by the way I did a

36:52 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 me see if he answers me right now that literally said who is Neil Patel he wrote an article about it you can still see the article what's up see Neil what up 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 you want to tell them really quick 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 he took models influencer people business people dudes chicks pretty much everyone to hold up a sign and it caused a ton of

37:47 people to Google for my name which then helped with a lot of my Google rankings thank you Neil Pau we'll call you later we'll probably see you for dinner allbody so that campaign was interesting cuz we'd like have girls like use lipstick and write on the mirror who is Neil Pau so people are scrolling through Instagram like who the hell is Neel they have no idea and they started Google searching him and his search went through the the roof and as you guys know he's a wizard so 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 the money ms.com talk to your families talk about money because important got to 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

38:36 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 see you guys next Monday on the money mondays.com

Questions about this episode

Who speaks in "What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP105"?

Albert Preciado (Guest), Unknown Host (Host).

What is "What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP105" about?

The discussion centers on the journey of Albert Preciado, a successful real estate investor and entrepreneur, who shares insights on building wealth and the importance of financial literacy. It highlights his personal story of overcoming adversity and his belief in the necessity of discussing money openly to empower individuals in their pursuit of success.

What is mentioned in this The Money Mondays Podcast episode?

6 people, works and ideas are mentioned, including Albert Preiato, Driven, Tre Kids Foundation, Dan Fleyshman, Rocket Fuel, Mark Shapiro. Each one on this page links to its own page with every episode that mentions it.

How long is "What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP105"?

The episode runs 39 min; the transcript is about 7,500 words in 41 timestamped sections.

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