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Feb. 21, 2022

EP 121: Crypto & Commercial Real Estate With Greg Dickerson

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all right we're here with uh greg
dirkerson out of virginia and i have my
co-host frank spalding um we're gonna
cover commercial real estate contracting
who know who knows we're gonna cover
today i like i like free flowing because
i like having a conversation and i like
answering i like asking questions i want
to know that's the video about this
um greg can you tell us a little bit
about your background as far as who you
are what you've done kind of give us the
hierarchy because i like i like painting
a good picture as far as so people
understand who you are and where you
come from you know yeah yeah i'm a
serial entrepreneur real estate investor
and developer i started full time as an
entrepreneur in 1997. started a little
remodeling handyman company didn't go to
college i went the navy right out of
high school and after i got out of the
navy worked a couple of jobs but in 1997
was when i began my full-time
entrepreneurial journey i left the w-2
world for good and started a little
remodeling handyman company did 250 000
in revenue the first year just me my
truck and tools built that into a 30
million dollar building company in seven
years started 12 other companies along
the way built them all up sold them all
off reinvested all the profits into
other assets learned how to become a
real estate developer so i started doing
um spec houses that i got into
subdivisions and i got into commercial
development and just kind of scaled
everything from there and
i've been an investor ever since i
invest in companies i invest in real
estate i invest in stocks cryptos just
you know i'm just a serial entrepreneur
opportunistic investor looking for value
anywhere i can find it so that's that's
kind of me in a nutshell
man that is that is such a
huge like i wouldn't even call it a
resume because like that's an employee
i figured i don't know the word you call
that but that's amazing i think we have
to do another one just off of that
because i'm yeah it's resume you know so
in our world you know we just call it a
you know resume investment portfolio you
know whatever you want to call it but
yeah it's you know i've done a lot of
different things you know but there's a
common thread to everything number one
you know even though i didn't go to
college i went the navy and took some
classes in the navy i did retail so we
ran all the ship stores and barber shops
and laundry and things like that so it
was retail is what i did in the navy so
i learned accounting and basic business
there then when i got out i worked in
restaurants and construction i always
had a side business but the biggest
thing was i was always developing myself
always pouring into myself reading self
you know development books professional
development investing books real estate
stocks you know all kinds of different
things along the way
and you know but more importantly i was
taking action on what i was learning so
the first book that i read that was
transformative to me was rich dad poor
dad i'm sure you've read it you know
almost everybody
in the game has read it when i read rich
dad poor dad you know so i'll just ask
you when you
read that book what did you get out of
it what was your big tech away from
richard poor dad
um for me it was uh
it was that i didn't have to
conform to everybody else i could do my
own thing because he kind of talked
about his rich dad and how rich dad did
certain things a certain way and then
his poor dad did certain things like
everybody else so it's like it kind of
opened your eyes to like hey i can do
i can be different and excel at it
frank what about you
for me it was more of an affirmation
that everything i was doing was correct
i was in the junior achievement in
school and grew up in a family of
business owners
uh so you know it was get out there and
do for oneself
i felt all of a sudden a lot less bad
about getting fired from every job i'd
had up to that point
typically within 30 days or less
because i would get in there and
you know
i think and i you know i see ways to do
things better
and uh you know the big corporations
they're not going to change so then you
know small mom-and-pop type places
surely they'll see the value in what i'm
offering and that still just didn't work
uh i'm just going off and on my own and
then you know just you know learning
that real estate was an option uh and it
suddenly validated all of the uh
purchases i'd made
from the late night infomercials for all
the get rich quick schemes and real
you know back in the day dave del dotto
and carlton sheets and john alexander
way back in the day stuff like that so
yeah yeah so you're you know that's the
trait of an entrepreneur right you're
unemployable you know so that's me i you
know i'm not a good employee so i carve
my own path but so my i didn't come from
a family of entrepreneurs business
people my dad was career military and
then after that civil service you know
which is a job working for the
government um
and then my mom was career with blue
cross blue shield started as a secretary
and you know was in sales and was a
government rep you know after that just
a regular middle class type you know
uh family up upbringing
and you know so neither one of them you
know we're entrepreneurs but what my dad
taught me when i was young and i'm a
natural born entrepreneur when i was
young if i wanted something he wouldn't
give me the money he would say well you
go you go figure out how to pay for it
you go earn money and i was like well
how do i do that he said go knock on the
door and see if they need anything done
so that's what i did so i would go to my
neighbor's house and knock on the door
boom my name is greg i live down the
street i need 20 bucks for my next
martial art testing so i can pay for the
the test and buy the belt if i get it
and uh you know i'll cut your grass i'll
rake your yard i'll wash your car walk
your dog babysit your kids what do you i
need to make some money what can i do
you know that was me and i wouldn't
leave till you hired me for something so
you know i'd be i was being you know
making 100 bucks a week when i was 10
years old 12 years old doing that kind
of stuff
um so you know fast forward into what i
was talking about rich dad poor dad so
when i read that book i already knew the
entrepreneurial thing that's what i
wanted to be i wanted to carve my own
i knew the difference between an
employee between being self-employed and
between you know being an owner of a
business and an entrepreneur right a lot
of business owners are just
self-employed they just basically own
their own job
um but i knew that i wanted to be you
know the investor i wanted to be the
entrepreneur so i wanted to be rich dad
right a lot of people read rich dad poor
dad and they want to be robert kiyosaki
they want to get into real estate i
wanted to be rich dad that was the guy
that owned everything that was mentoring
everybody and that everybody came to
with opportunities and you know when
they needed help and i'm just wired that
way i love to help people i love to
coach people i coach and mentor people
all over the world doing all kinds of
different things
and when i read that book that hit me
i'm like i want to be rich cats that's
what i did i went out just like rich dad
i built a bunch of businesses and
generated cash flow to invest in other
assets that would pay for the things
that i wanted out of life and i wanted
to do in life so that's what i've done
ever since and it's just the classic
story of the little green houses into
the red hotels and that's just what i've
and it's been it's really was that
simple but the key was i had to get out
i had to do it i had to take action
and you know i had to be confident that
i could do it and i learned along the
way the hard way you know again i'm
self-educated um you know i took uh read
a lot of books took a lot of courses
went to a lot of seminars and i've spent
hundreds of thousands of dollars on my
but not in a formal institution so uh
it's been it's been a journey and then
you know i've spent millions you know
making mistakes uh along the way as well
that that have been the best educators
you know of all so that's me in a
so i have a great question so
with you you being overnight success
over the past 24 years
this is a great question for you because
you've transitioned and ebbed and flowed
in the up and down markets because
you've probably been through two heavy
transitions how do you
how do you find the right time to pivot
and what do you pivot into as far as
like how do you make that how's that
process look for you because you know so
you know 2009 was the big one right so
that's that's when the first big
um recession almost a depression that i
went through when the real estate market
crashed and i had to pivot so i was a
uh back then i had a building company i
just shut it down there was no work you
know in my area anybody who was a
residential builder commercial builder
we went out of business basically
overnight we were just slammed put out a
business i was in a resort rental area
the outer banks of north carolina where
we were building multi-million dollar
beach houses building commercial
developments things like that in that
area that was my primary area then i was
doing projects in virginia as well
because it's kind of right there in that
region where i'm from from dc into the
hampton roads area
um so yeah i mean instantly overnight
everything i'd done from 1997 until 2009
stopped you know it's like being a
surgeon and you lose your hands so what
do you do so you have to you know
reevaluate so you know shut the company
and then i pivoted
into doing smaller spec houses and
hiring other general contractors who
were looking for work because it became
you know more efficient and cheaper just
to hire other builders to do the work
for me because everybody was looking for
i was still able to borrow money i had
good you know i had assets i had cash in
the bank so i didn't get wiped out but i
didn't have a business anymore day to
day and i had a real estate license so i
was you know doing doing my real estate
thing buying and selling properties and
things like that i never really did you
know retail real estate i had a
brokerage at one time and had agents and
all that but you know i had to make that
transition and reinvent what i was gonna
do and then i went and opened some
restaurants and did you know did that
for a while and you know those were you
know a lot of fun and and you know
during that season but that's really
what you do is you just you just have to
look at what are the opportunities now
what can i do now and then reevaluate
and i went from building multi-million
dollar beach houses to building little
beach houses that were costing less than
what the kitchens were costing in the
houses i was building you know and
and selling them and making you know a
good chunk of change on them so it was
it was a really interesting time
now do you operate now more
kind of sitting back and
just contracting out a lot of the work
as opposed to working
in the business constantly are you more
focused on the business now
yeah ever since then i moved into the
investor role investor developer role
where i hire you know general
contractors architects engineers i don't
do anything in the house it's all
outsourced it's all hired out contracted
so that you know i don't i'm not locked
into anything day to day
uh you know my my
what i do is i find the opportunities
bring the team together to execute on
the on the opportunity and the idea and
that could be real estate could be a
company uh it could be you know any
number of things and and then i just
invest you know in stocks and crypto and
things like that so yeah much you know
more laid-back lifestyle i have my
education business you know where i'm
teaching people entrepreneurship real
estate investing things like that kind
of building my little school of
entrepreneurship and then like i said
mentoring people around the country but
yeah everything is outsourced everything
is you know turnkey and you know i'm not
in the mode of building you know those
types of companies anymore i've kind of
done that
so you've achieved your rich dad dream
yeah i did what i wanted to do you know
it's been a journey it's been 20
something years and you know you get to
a point to where
you know i like doing deals i like
staying active but
those things aren't as important to me
as other things at this point in my life
which is impact you know i'm after
impact trying to help share what i've
learned what i know and help other
people you know do what i've done and
it's you know it's a lot of fun it's a
lot more fulfilling than than any deal
you can do and i've done it my entire
career all the businesses i've been
involved in i did them through other
people so
i really stepped out of the day-to-day
of running a company in 0.405 you know
that was the last day-to-day that i
really operated a company i had people
in position that were either partners or
they worked for me that ran the actual
companies so yeah i've been kind of
operating that that way um
you know ever since 2004 2005.
so um i i heard a podcast it's probably
an older podcast but you said that um
your team was just you and a secretary
or like an admin is that still the
current status
for you right now you still run really
lean yeah yeah absolutely that's that's
just kind of all it's been you know i
had a chief financial officer full time
at one point but i don't even need that
anymore i just use accountants and you
know outsource any of the higher level
stuff that i need with other
professionals but yeah yeah it's just
lean just me and administrative support
that's it
that's awesome i i
i really like the impact because i think
i think a lot of people overlook that
because the money comes and goes it gets
spent like once you get the money it's
not really a thing like for me doing the
whole podcasting is is making a larger
impact because you don't know
the impact can be can outlive you you
don't know exactly what impact you're
gonna make because you're making such a
big impact you know
yeah well the thing that i learned a
long time ago that that really
transformed my life you know all it
takes is one idea
one idea and that can come from anything
it can come from a book
you know a podcast a youtube uh
video a course a seminar you know a lot
of times you'll go take a three-day
seminar and you and there's one thing
along that three days that hits you that
really resonates that just completely
transforms your life or your business
i've had that happen to me multiple
times and that happens with all of my
you know people that i work with all my
clients and all the businesses i've been
in all the time so that to me is what's
really fun and what's really cool is you
just you just never know
when you put out an episode what
somebody's gonna hear that's gonna
completely change their lives and
uh you know it's fun to hear people
that'll email or you know send a note or
whatever and say you know i heard this
episode and i did this and it's just
completely changed everything i was
doing and i can't thank you enough and i
just i love that and then the people i
work with you know i mean you can you
can hear them on the videos talking
about the things that we've done and you
know even recently just working with
some people helping them structure deals
and like man i never even thought about
that that's gonna save me millions of
dollars and i'm like yeah it's just you
know all you know is what you know
yeah the experience talks by itself
your experience um i'm actually working
a deal on atlanta that i was going to
consult with you with because i'm really
i'm excited because i've worked in this
deal for a long time and that's actually
where i met you a long time ago in my in
my previous two two years of investing
so i don't know if you remember this but
um i called you about
two deals i found in atlanta when i was
in atlanta at the time and that's how we
kind of structured this so it's kind of
cool circling back and like really
bringing on the people that helped get
me to where i'm at even at this point in
my life just to have a conversation
again so yeah awesome it's pretty it's
pretty amazing so i i think i think
you're one of the people that
contributed to everything that i'm doing
now just because you maybe get a higher
so i'm excited this is this is a great
interview a great opportunity for hope
everybody listening so let's kind of
dive into
how do you find because you you're
you're a small shop you kind of
outsource everything how do you find the
right people to work with is it based
off of like you've been doing this for a
long time in all these areas that you
already have people or you kind of have
to like
you can sense or you have like a sixth
sense of like hey this is going to be
the person i need to hire for the job
well i can go into any market anywhere
in the world for any business and know
whether or not that's the right person
for the job no matter what the job is
just by you know a few minutes of
interacting but number one because i'm
the expert first so you got to know your
business you have to know your craft you
have to know what you're doing and if
you know that then you know
all of the vendors you know partners
suppliers anybody that's in that
business you know what they should know
and what they should be doing the number
one thing that i tell everybody is
whenever you're looking for somebody for
and you ask them you know do you do this
and they say yes i can do that
so there's a huge difference between i
can do and that's what i do so i look
for people that that's what they do
that's all they do they're the best at
it and they're known for it so that's
really the key because we can all do
anything right i can do a lot of
different things but there's only a few
things that i'm really
the best at or an expert at that i would
say that's what i do so that's the main
thing right there and you just look for
somebody with a track record that you
know has the reputation and you know you
do the back check check the references
you know things like that and again it
just all depends on what it is but you
can go anywhere in the world and that
that's just you know how it works that's
how you do it but you got to know your
stuff first
are you looking at them as employees and
are you looking for workers in some of
those situations or are you looking for
you know that take charge you know
if they are an employee that
entrepreneurial attitude or do you want
someone you know who's going to take it
on you know take ownership of that
so it which is different
yeah so it just depends if it's an
independent contractor you know
obviously you want them at the highest
level turnkey that you know that's what
they do
if it's an employee you know employment
situation and i used to have an
operation with a lot of employees and
i've had hundreds of employees
um you know
in my organizations
and it depends on what it is you're
hiring for so there's some that you
bring on you know that you're going to
train to do certain things but the key
is understanding the individual
understanding their personality profile
i used to use disk profiling with all my
employees so i knew what their
personality bent was and what their best
position was going to be and i call it
aces and places you have to put the
right people in the right role
where they will thrive so you know
forget about this you know build your
weaknesses and you know
play off your strengths you focus 100 on
strengths you you you find what
somebody's good at and you put them in
the right role to thrive and to be the
best they can be in that role so the key
as a leader is you know as a leader
delegate or motivator you have to
understand the talents skills and
abilities and limitations not only of
yourself but of the people around you so
you first understand yourself what are
your limitations what are you good at
what are you the best at then you hire
out everything else in an organization
you know if you're talking about
employees things like that so you know
that's how i built organizations was by
identifying the right people putting
them in the right roles and then turning
them loose to do their job so the last
thing you want to do is hire tom brady
to come win super bowls and then you
know micromanage everything he does tom
brady's won seven super bowls before he
ever came to you or six or whatever it
was right tampa bay you don't tell him
how to win a super bowl you put him at
quarterback and say go get it win us a
super bowl right and you support tom
brady and you coach tom brady and you
help motivate him but you don't tell him
how to throw the football that's what he
so you know same thing with a leader in
organization you understand your
people's talents their limitations you
put the right you know butts in the
right seat you let them do their job you
coach them to success you give them the
tools training systems and support to be
successful you give them clear direction
and knowing certain terms exactly what's
expected and when you measure that
performance hold it accountable to the
goal you reward good performance and you
redirect poor performance and if there's
poor performance the first person you
look at is the leader
did i give them everything they needed
to be successful did i tell them exactly
what i wanted and when
and you know if if you got the result
you're looking for great you reward that
performance if you didn't then you got
to look back and say well if i gave them
everything and it still didn't work do i
have the right person in the right role
and then it comes back to the first
thing that you hire for you hire for
attitude right skill set you can train
attitude you can't so if you have you
have two kinds of people won't do's and
can't do so if there can't do well you
can give them what they need if there
won't do you got to get rid of them
because there's nothing you can do with
it won't do so
you know that's
how that works in a nutshell
and that's the analogy
yeah that's that's great so um how how
do you solidify culture
in your business or in the past in your
businesses how do you split my culture
and build that that great culture of hey
let's give our best foot forward to make
sure make sure we get the best product
out there
well first of all the leader sets the
pace of the pack right so you lead by
example you make it important to you
it'll be important to them
you decide what is the culture of your
company what is that going to be what
does it look like and then you live it
out in your organization so you can't
just walk in and say you know we're
going to be an organization that cares
about people cares about the community
cares about the environment makes an
and then leave
you know you have to put systems in
place and you have to put things in
place and talk about and cultivate
through action and interaction and
taking action that culture so that's
that's really how that works
you know it's a deliberate thing of
specific steps that you do in order to
do that so for us you know the culture
was um the system that i used for
management was the culture of the
company you know the one minute manager
system of management leadership and the
key to that is helping people feel good
about themselves and what they're doing
within the company within the community
as an organization and a team
and cultivating that you know that uh
you know environment of of leadership
and management and community involvement
and then going out providing
opportunities for people to participate
so you know we would train on the system
we would talk about the system we would
you know ask people hey you know we're
going to carve out x amount of budget to
support the community you know what do
you want to do whatever our kids you
know our employees kids were
participating in we supported those
organizations you know i was on the
board for you know all a lot of
organizations in my community uh
homebuilder associations the parks and
rec you know school board you know babe
ruth softball you know all those
different things so it's not just
talking about it and say we want to be
this it's putting action to the words
and implementing and doing things you
know we would we would say hey we want
to support habitat for humanity okay
well let's go lead that charge and we
would build a house every year we got
literally with our hands we would frame
that house every year for habitat for
humanity and me as the leader of the
that would be the one day i would be the
grunt and everybody would be telling me
what to do so i'd go out and i'd carry
wood all day long i'd sweep all day long
while we were building a house for
habitat for humanity and all of my you
lead guys you know they'd be telling me
go get this go get that maybe blossom
around all day so it's a lot of fun you
know so i mean that's how you
you know cultivate the culture of a
company it's it's leadership from the
top down and the organization is from
the bottom up i'm there to serve
everybody in that organization is not
ceo you know president vice president
you know it's not that pyramid it's
upside down you know i have to serve
everybody in that organization so it's
leadership from the bottom up that's
that's how you cultivate
a culture of a company that will thrive
and grow and you have people that are
that are committed and take ownership of
what you're doing
example i have a question um and it's
kind of a switch uh i'm looking through
your youtube channel here
and just going through uh looks like you
know the first first 10 lines of videos
uh there's over 25 in crypto um you know
what is your preferred you know what is
your interest in crypto
are you just day trading are you buying
and holding on for dear life as the
saying goes
you know what
what what's your quick take you know do
you think it's you know it is the future
do you think it's the future with a lot
of morphing
um you know in relation to real estate
uh and or other ventures uh yeah so it
depends on what it is you know crypto's
a big space so you have bitcoin that's
one thing in and of itself that's very
different than crypto and you know the
whole space in it of itself you have the
metaverse you have nfts you have d5
um you have gaming so there's a lot of
different things that crypto encompasses
so you know
this is an emerging technology you know
the whole space is so you know
all coins and cryptocurrency in and of
themselves you know that's venture
capital so that feeds right into what i
am a serial entrepreneur it's a very
exciting you know new space new
technology you know we're we're at the
very beginning
of what's going to be a major
um force in the economy of the world
moving forward so we're at the very
basic beginning stages of what all
that's going to be especially the
metaverse and where that's really going
and nfts you know things like that
as far as cryptocurrency and bitcoin if
you talk about bitcoin and altcoins
specifically tokens
um you know right now i'm swing trading
sometimes day trading just because of
where we are in the market cycle um
and where the values of the assets are
and where they could potentially go in
the near term so that's kind of what i
do there and
um you know i learned about
bitcoin you know i don't know 2015 2016
when i first heard the word
but you know i didn't really pay much
attention to it just kind of watched the
pricing and it was just doing this so
much it wasn't really worth a lot you
know nobody really explained it to me in
a way that i could really understand
what it was which is a which was a
technology of money
you know which was really interesting
and a technology of of value and things
like that and what we know of it today
it's a risk asset but um
you know it just wasn't really explained
to me where i could understand it then i
watched it 2017 2018 hit 20 000 and it
kind of got my attention like a lot of
other people
it was on cnbc and then i watched it
drop all the way back down almost
nothing again and i was like ah you know
i'm not really interested but i started
following it more and more and then when
the march you know 2020 bottom happened
in the markets and everything i was
looking to make some moves because
that's kind of me i like to come in you
know with the bottom of things and kind
of ride them up so i made some longer
term moves there and wrote them up you
know to the peak and got out of you know
everything at the peak the first time
you know back in you know march april
may in that time frame before we
bottomed out in june july and then i
made some moves in june july and then
i've been a little bit more active now
because there's so much volatility when
a market's going down you know that you
can make some moves in and out so that's
just kind of what i've been doing with
that a lot of people have been asking me
about it so i started making videos
about a year ago and you know i put
something out every day pretty much on
crypto and market updates and stuff and
i put something out on real estate and
entrepreneurship every day as well so
but there's a lot of interest as you can
see you know the bitcoin and crypto
videos get a lot more views than
anything else right now
yeah i'm looking you know just doing uh
the base account uh
and you know not not really all that bad
six hours ago two two point eight
thousand views
just on the question will a recession
start in 2022
yeah uh you know 20 hours ago 10 000
views bitcoin crypto stock market update
will the bounce you know
yeah people are really interested in
what's going on they're tuned in because
there is it is a big opportunity but but
a lot of people don't
understand the space that you know they
don't know
you know anything about it other more
than you know it's something you can buy
into hold and you know maybe the number
goes up and you get rich down the road i
mean that's what a lot of people think
but right now it's kind of tricky
because the market topped recently back
in november uh you know it was funny
around the thanksgiving table you know a
lot of people were talking to me about
it and i'm like markets topped you got
to get out and you know they were still
buying you know they didn't listen and
so it's really interesting whereas a lot
of other people were telling their
family to get in i was telling mine to
get out you know it's really interesting
and same thing with markets and it's all
because again they're risk assets you
know a lot of them and we're going
through a deleveraging right now you
know inflation's a big problem the fed
has to take action we've been on this qe
path uh for you know years really since
2009 but on steroids since march of 2020
a trillion dollars has been injected
into the economy into the financial
markets and you can see the
representation of that liquidity pump
you know in assets stock market cryptos
real estate
so you know we are in a you know super
cycle mega bubble right now that has to
unwind a little bit and deleverage and
um you know the fed is doing the best
they can to land that softly versus just
explode the whole thing so we'll see
what happens you know we're just at the
beginning stages of the deleveraging
crypto you know that's not a bad thing
that's not doom and gloom
it's a necessity it has to occur we have
to come back to normal values which will
create opportunity for growth moving
forward so you have to go through these
cycles and it's and i've seen it you
know in my career you know
from the 90s into the mid 2000s into the
late you know
2000s i've seen this happen multiple
times you know the last time we went
through something like this was 2018
when the fed tried to pull back and you
know we had a you know a big sell-off in
the markets and things and you know they
came back in and reverse course so we'll
see how much resolve they have this time
and whether they're going to let the
markets actually work themselves out or
not it's it's a big problem
how much time have you put into looking
into things like dao's decentralized
autonomous organizations uh and you know
in relation to real estate you know do
you see
or how quickly do you see those
industries merging
you know nfts you know fractional
ownership of real estate uh you know
dows that have been formula with the
goal of buying a constitution
or a copy of the constitution i should
yeah you know downs are interesting you
know um
you know a decentralized autonomous
you know
those have a place for certain
but when it comes to something like a
business or real estate or something
like that it's going to be very
difficult because you know it's very
difficult to make decisions by consensus
and that type of a thing you know if
you're just going to go buy an asset
like a constitution you know sure you
can just go buy it and do whatever but
then that organization you know has to
agree on what they're going to do moving
forward how they're going to handle it
you know that's that's a difficult thing
to do as far as you know the
tokenization of real estate and real
estate nfts and things like that there's
some experiments right now there's a
company called proppy that is auctioning
off a real estate nft in miami a piece
of property a house single-family home
so we'll see how that goes you know
pretty interesting how that works real
estate's tricky when you think about
tokenizing it or creating nfts because
of just you know all of the you know
real estate's just so unique and
different around you know around the
world with title and you know just all
these different things so i think it is
the future of the space
you know the question is how does that
evolve in terms of
being able to actually make it happen so
we're again we're just at the beginning
stages of all that i think eventually
all of that you know is going to be
digitized tokenized and really you know
at the end of the day what i'm studying
and paying the most attention to
is you know the metaverse um the nfts
because you know we're already living
that we're already dealing with that you
know the metaverse is the digitization
of everything
um so
all real estate all assets eventually
will all potentially be tokenized
digitized in terms of ownership
uh and how that works so that's the the
areas that i'm paying more attention to
you know i don't know that there's a
whole lot of future for those things
it's just
it you know
almost nothing works out successively
that is trying to run by consensus it
just doesn't work
agree it's uh it can definitely get
chaotic especially with that
and you know i was actually just reading
an article about uh the property uh
being auctioned off uh there in miami um
and the interesting thing there is
they're trying to say they're the first
they're not you go back as far as if
either 2016 or 2017 there's been
transactions happening
where it was either paid for with
ethereum bitcoin or something and i
think the biggest thing that it's going
to come down to and each one of them are
trying to claim the first is kind of
somewhat the methodology of how they're
doing that particular transaction and i
think the biggest thing that's really
going to make a world of difference and
i think ushering in the age of nfts as
you know the contract of choice you know
the smart contract of choice is going to
be adoption by state and you know state
and county agencies
uh in regards to the title process
and stuff like that where the ownership
you know they they find a way to
and make that part of the acceptance
process and part of the tracking instead
of having to do a title search you can
just look it up on the chain
you know in 10 seconds and boom you've
got it there
yeah i mean blockchain technology in and
of itself is a whole different thing and
you know eventually you know any kind of
licenses any kind of you know
recordation of title proof of ownership
you know all those types of things can
reside on a blockchain there's a lot of
potential technology there but
you know the a lot of that's too big for
my brain in terms of how to make it work
i just know that it can and that's
that's where it's going and that's where
the future of it is so you know it's
like i said we're just the beginning
stages of all this real estate at the
end of the day if you're looking at a
general piece of property you have a a
plot you know that is recorded and then
you have title that's described with
meets and bounds
you know
what's recorded in a deep book can
easily be recorded on a blockchain you
know from that standpoint what's
interesting about nft
you know the transferability of that and
the non-fungibility of it you know so
that's a whole different conversation in
terms of where that's going with real
estate so you know we'll see i think
it's the beginning stages i know there's
some dows that are trying to do like
there's some real estate development
dowels that are trying to buy
properties you know and
develop them through a dow and almost
like a fractional ownership kind of
thing but again
you know those are
you know when you try to expand that
very difficult to make work you know if
you have a limited number of people you
can it's easier to make it work but uh
yeah we'll see where it all goes it's
just like i said we're just at the
beginning stages of all that
definitely and something to look out for
it's already been shown just recently uh
an article came up on uh another podcast
i listened to
uh that focuses on you know crypto and
nft space specifically
and there are artists who early on were
creating uh nfts and some hackers have
taken advantage of this
and it's a hole that they need to figure
out how to rewrite or you know account
indoor plug in the process is they were
early on new artists which open seas 100
dependent upon you artists constantly
making new stuff
and you know slowly growing and becoming
you know well-known artists where people
are paying a lot more
but when you put that contract out there
for sale on openc
it's you know it's there it will always
exist unless you find a way to burn that
you know because essentially you've
created you know that nft you have to
burn that nft almost uh or that contract
in some method and that's the problem
they're having because if you modify the
price well the old one is still there
the original contract you can't change
that you can delete it
but you can't you know and in the
process you have to do something but you
have to you know to delete it you kind
of have to burn it take it off chain
push it into a dead address or something
to burn it there were a lot of people
who weren't paying attention to stuff
like that they would lower the price and
then you know down the road you know
they may have several works that never
sold and then a few that finally sold
and now people start to go back and look
at these others they try to repo you
know republish new contracts for you
know a piece of art that might have been
older one that now they're they've got
the traction they put it out there there
was one for over a half million dollars
that someone bought for three thousand
because the contract was there they went
and found the contract and now people
are starting to pay attention to that
and they're going back
so that's where it gets risky and stuff
that i think needs to be sorted in the
long run in regards to real estate you
know if you put out real estate as an
you know whether it's a single nft
representing the whole property or
fractional ownership you've got that
risk of
you know if there's still older
contracts out there at a significantly
lower price now it's worth a fortune say
it's traded hands a few times now it's
worth a lot someone can still go back
and find that old contract
and you know it yeah it becomes an issue
yeah yeah definitely something you're
gonna have to look at
yeah and that that's a little different
you know with real estate i mean you're
talking about chain of titles so that
still has to be recorded and respected
it you know even if it's a you know from
an nft or blockchain standpoint a little
bit different than you know what you're
talking about but um you know with it
you know a hard asset you know that's a
little bit different than a jpeg
existing you know somewhere and with a
smart contract
and then that's where the trickiness is
currently is
you know even that one you know
happening in miami okay and there was
someone discussing who's been part of
several transactions at the end of the
day right now you still have to step
back to the old technology
for the final recording and apparently
several of those deals that were
supposedly bitcoin or ethereum
before the deal actually transacted in
the office they had to convert that to
fiat cold hard cash for the actual
transaction to happen because the title
still weren't allowing it to happen in
the actual token you know in of any form
yeah yeah and you know the nft space
isn't always going to be tied to crypto
you know so there are platforms out
there that where you can buy and sell
nfts just with cash you know so it's
just an app and you know you're creating
those images there and
you just load dollars and whatever
currency you're using and just buy and
sell so
as far as you know the nft space
you know needing crypto in order to
function i think is going to be
you know a thing that you know is a
thing of the past it's not really and
again that's where you you separate the
spaces all coins cryptocurrency ethereum
tokens from nft from you know metaverse
those types of things it's
you know those things aren't mutually
yeah that's that's a it's very very
interesting as far as where it's going
adaptation how to implement
i think i was laughing because uh you're
talking about county adaptation the
county is still you some uses paper i
still use paper paper uh paper recording
and all that stuff so
well you know if you're doing closing
nowadays you know it's still not fully
digital you know you still have to
actually sign title
so you still have to use wet signatures
you can't even you know docusign the
final document so we're still not fully
digitized yet
uh but eventually it's moving that
direction but the problem is not
everybody even in the united states and
you know um
you know developed countries have access
to technology not every citizen does you
know that not everybody has a smartphone
still not everybody you know has the
ability to use that so until we get to
the point to where
pretty much everybody does you can't
digitize every single thing so
there's still a bit of that has to be
overcome and
you know it's uh you know that's what
i'm saying it's just exciting times
where we're at now and when you look
back i mean a lot of this has only been
the last few years you know bitcoin's
only been around 10 11 years yeah and
you know think about the iphone i mean
how long has that been around you know
not even 20 years i don't think when the
iphone you know 2007 i think it was yeah
so i mean it's really amazing how fast
you know
technology has grown and how far we've
come and yeah like i said i don't think
we can even comprehend where it's all
going i mean maybe there's somebody out
there that can but i don't even think we
know the full capabilities of where all
this is going
we uh
it it's it's beautiful to see like i
like i like talking to people that see
different stages because you get a
different perspective and like for like
for me like i'm i'm not even 30 yet
i kind of hit the i was on the back end
of the industrial and then it turned
into cell phones and i'm seeing like all
this all this progression super fast
so i'm like if the progression over the
last 30 years have been so much is going
to be huge when i get to another 30
years when i hit my yeah yeah and you
know yeah for you you definitely need to
be studying it be on top of it
understanding the trends of where it's
all going for me i can ignore it all and
be fine the rest of my life yeah you
know but
you know anybody who's a millennial you
know definitely needs to be aware
because that's just where it's all going
and you have to be able to use it and i
mean i have you know i'm only 54 so i'm
not even a boomer a lot of people think
i'm a boomer but um i missed that cut
off by three years but um you know
there's a lot of people my age that
don't use cell phones you know or won't
use a computer you know my age or even a
little bit older i didn't send my first
email myself until like 2001 probably i
think it was i had a secretary that i
would dictate emails to i didn't even
know how to turn the computer on or off
i was afraid to turn it on or off i
didn't know i was going to crash it so i
i started really learning
technology 2000 2001. i didn't have a
smartphone until 2012. so i've
you know gotten up to speed really fast
you know in my professional career with
technology and things and uh you know
i'm very good with technology now and
and you know can use computers and i'm
the guy that everybody goes to for tech
support around my family and you know so
it's uh it's it's interesting but i like
it i enjoy it i'm into it i was always
good at games as a kid video games and
all that so i've always enjoyed
you know technology i just you know i
wish i would have
learned a lot more of it earlier and
been able to take advantage of board but
earlier versus you know i went the
physical route using my hands instead of
my brain for the most part you know
building my career and uh you know
really ignored a lot of the technology
until i had to and i couldn't ignore it
yeah i i commend you i commend you for
you for you said not getting a cell
phone 2012 like you're
you've gotten leaps and bounds of
information yeah i bought it man you
know even text messages i didn't even
want to i hated that when text first
came out it was the blackberry
and then the the flip phone i had a flip
phone and people were trying to text me
and i just i hate it i want i'm a guy i
want to talk you know i want to
communicate but then i finally you know
embraced technology and got the
smartphone and i've been off to the
races ever since and now
now yeah i'm text with the best of them
i actually had smartphones uh all the
way back before uh windows came out or
before apple came out with them i recall
at that point i had a windows uh like
slid and had a giant keyboard on there
yeah yeah my kids they like looking up
attack phones and stuff but you know and
in my company my construction company so
we were ahead of the curve with
technology and i wanted to be
so like all of my superintendents had
laptops i put laptops in their trucks
and they had the little key that they
could plug into it so they could tap in
to the sell signal to use the laptop in
the field and stuff like that and they
all had cell phones and we had mobile
installs in our vehicles with pagers and
then then it went to the cell phones
that were that you could carry around
then it went to you know all of that so
we were always trying to embrace
technology and use it as much as we
could in the company but
me myself it took a little bit of time
to adapt but like i said from 2000 2001
i embraced it and just learned it and
got good at it and never looked back
so what is a quote that's yours or
somebody else's that you resonate with
a quote that's mine or somebody else's
that i resonate with yes
i guess the biggest thing is
you know one of the one of the most
interesting things is you always want to
be curious but
um you don't know what you don't know
and all you know is what you know and
and i mean i don't know i could just
spit out a ton of them but
um you know the biggest thing is just
always be curious always be learning
always be a seeker of wisdom i don't
even know where those quotes came from
but probably one of the biggest ones is
mark twain you know the most dangerous
thing is to think you know
um when you don't you know or to think
you're correct when you i can't remember
the exact quote but it's something like
no it's good it's good so let's let's
talk i kind of i kind of i'm curious
about because like you you feel like um
i feel like you've already found like
your purpose your purpose has changed
over the years but i don't i don't i
don't know if you're
what what do you foresee in the future
is like do you foresee like
how big of an impact do you want to make
like how many millions of millionaires
have you made is that a personal goal
for you is it like do you want to change
a multitude of lives like what's what's
your impact as far as your your goal i
don't really think in those terms so my
purpose hasn't really changed once once
i embarked in my on my entrepreneurial
journey it was always to build things so
build people build buildings build
companies i'm a builder and when i
impact an individual then they in turn
impact their world and around so it's
just not quantifiable it's that
butterfly effect so
you know i don't have a number like i
want to make a million million errors or
i want to do this or that what i want to
do is impact the most people that i can
while i'm here so that they can in turn
impact their family their community the
world in their way around them however
they feel that that is what they want to
do so
to me that that's what it is and it's
just one person at a time one day at a
time and
the youtube channel that i have now is
impacting tens of thousands of people
every single day to probably hundreds of
thousands and that's just the business
world and i do a lot of things outside
the business world um you know aside
from that in the faith community in the
nonprofit world uh
you know supporting different
organizations doing different things
that that are impacting that's the funny
things like people don't know my private
life but i do the same thing
in my personal life that i do in my
business world uh you know and it's just
the way i'm wired it's what i've always
done and i just you know that's what
fills me that's my golf that's my hobby
is you know impacting the world in
different ways outside of business as
well as with business
so you mentioned rich deadpool dad you
know as you know which is obviously a
seminal book for a lot of investors and
what is your current favorite book or a
couple of books that you like to
recommend to new entrepreneurs you know
beyond rich dad poor dad or what is your
current favorite
you know i'd have to look at what i'm
reading right now there's just there's
just so many out there but the go-to
books are anything yeah i read all of
robert kiyosaki's books early on think
and grow rich was a huge one power
positive thinking is a huge one
of course the bible you know from a
faith standpoint
the the book of proverbs is huge that's
probably the best business book in the
world out there tons of wisdom in that
book it's all very relatable and a lot
of the quotes that you hear will come
from that uh in terms of favorite quotes
and things like that but
you know nothing you know i really don't
know the titles right now i'm just
reading so many books i'm one of those
guys i've always got a bunch of
different books going because you know
i've got the kindle and they're all in
there and i'm always you know watching
youtube and listening to different
things but
um i'm not even sure what i have open
that i'm working on right now
yeah like you i've always got at least
two or three uh that i'm in the process
between hardcover books and
uh something on audible at all points in
time if i'm in the vehicle traveling so
yeah i mean you know simon sinek malcolm
gladwell you know all their all their
pieces um you know zig ziglar one of my
favorite tony robbins read all his stuff
you know read grant cardone's book i did
an interview with him you know my
youtube channel um yeah i've read a lot
of his stuff
you know tons of sam zell i've read his
books steve schwarzman
uh read his book recently bob iger so
yeah i like to read a lot of biographies
i'll tell you tillman fertitta he's a
good one i'm a restaurant guy got a
restaurant background read his book
that's phenomenal um
you know you start naming them but more
of individuals than anything else i read
business you know successful business
people in their biographies read all
donald trump stuff don't necessarily
agree with him philosophically but from
a business standpoint in terms of the
technical aspects of the business you
know he's done some pretty phenomenal
stuff along the way um
so yeah
great questions
where can people find you online i know
you have a youtube channel what's your
youtube channel called do you have any
books that you've written yourself like
kind of where people find you on on
yeah i haven't written any books yet i
have produced video courses so those are
my books in progress they're the video
audio version of
that will eventually become books but
yeah greg all my info is
there that's my youtube channel easiest
way to find me is
well um we appreciate your time we
appreciate what you're doing for the
community and i hope i see your impact
through my generation too so i hope i
hope to shake hands with the people
you've affected as well so it's kind of
amazing to really to really talk about
impact and what you can
what you can even what what can even
happen from the impact you create so
it's awesome and we hope you have too
much success in your your contributors
much success as well um we appreciate
your time appreciate frank for hopping
on here um any final thoughts frank
i know i you know like you just said you
know i look forward to watching more of
your videos and uh you know so some of
the stuff fits in with stuff that i want
my boys
you know i've got you know at home 14 10
and eight
and they already play rich dad or what
is it the cash flow 101 with me we go
out driving for dollars you know looking
for properties and stuff so
i want to you know the same way my seven
several of my family members instilled
that up entrepreneurial bug into me i
want that in my kids as well
yeah that's awesome that's how my kids
grew up they grew up riding around with
me in the car doing deals talking to you
know contractors clients customers
every day just riding around listening
to me do deals do business that's how
they learn
that's amazing well we appreciate your
time thanks for coming on uh hopefully
we might do it again who knows we
appreciate it have a great day thanks
thanks for having me thank you
appreciate it