- Learning about Sachin Jhangiani
- Compounding interest in real estate
- Elevate Money as a crowdfunding platform
- Millennials are digital natives
- Transparency in crowdfunding
- Contact Number: 843-619-3005
- Instagram: https://www.instagram.com/exitstrategiesradioshow/
- FB Page: https://www.facebook.com/exitstrategiessc/
- Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
- Website: https://www.exitstrategiesradioshow.com
- Linkedin: https://www.linkedin.com/in/cmelette/
- Email @: corwyn@corwynmelette.com
CORWYN:
Good morning and good morning guys, welcome to another fabulous episode of Exit Strategies Radio Show. I am your host, and yes that is me, Corwyn J Melette, broker and owner of Exit Realty Lowcountry Group in beautiful North Charleston, South Carolina. Hey, I like I just rolled that thing out this morning. And I ain’t hiccupped on it this time. So look here, guys, we are set up to have a fabulous show, I want to give a huge shout-out to the listeners that listen to us locally on WJI 106.3. You guys rock bumped into so many of you guys in the streets. I’m at events and functions as we’re out here working to serve the community. And you all share that you tune in. And I appreciate it, it makes us feel that the work is taking root. So thank you for that. Thank you for the encouragement, and thank you for the prayers, as we continue on this mission here at this show. Now for those who’ve been listening to us for a while what it is, but we’re gonna say it anyhow. That is our mission. It is simple. That is to empower our community through financial literacy and real estate education, guys, we’re legacy-building, that is what we do. Now today is no different guys, we have been. I mean, we’ve been out here, casting a net wide, to bring in the best guests to bring in people with stories to share information to give and ideas to spark and motivate and inspire you to take that step into financial freedom. And today, guys are no different. I am so excited to introduce to you Sach Jhangiani. I got it. I got it. Yeah. With us today. So Sach, How are you doing today,
SACH:
I’m doing great Corwyn, I appreciate you having me on the show today.
CORWYN:
Thank you for taking time out of your busy schedule to be here. So I’m going to start with– Sach, tell our listeners about you who you are, where you came from, and how you got where you are. What do you do?
SACH:
Yeah. I mean, I’ll try to truncate that into a few minutes. But, I came here when I was a kid, I was born in India, and my parents were immigrants here. And I watched him hustle to give us a better life and work hard. And we didn’t have a lot– we showed up, I’m prepared with a few $100, to be honest with you, and just through hard work and perseverance. they built a life and I was able to go to college and kind of follow my dreams. And so I’ve always had that with me where I saw an opportunity where you can have– you can be in one position in life in America, and through perseverance, hard work, taking action, you can change that and be in another position. And so I’ve always held on to that. And so after college, I got a job in Wall Street. So I was a trader and a salesperson, on Wall Street, working at big banks. And I got to see them at that point, how the other half lived, and what they knew and the conversations they were having, and what their attention was focused on versus sort of what I saw when I was younger. And so to kind of be on both sides, that gave me a unique perspective and position to when I was done with my career. To do something that could empower people and share some of the knowledge and the tools and the ideas that I had learned with the greater community if you will. So really love what you do in the show because it’s very much in line with sort of my purpose and my mission. And I’ve translated that into a new company that I co-founded with a couple of my co-founders called Elevate Money, and it’s focused on real estate. And what we do is we take commercial properties initially. So first strategy, and we buy a bunch of properties, and then we pull them together. And we allow the average person to invest in the entire portfolio online within a few minutes with a $100 minimum. And now we’re growing and we have this amazing partnership that we signed with this company called Boxabl that builds these modular homes and now we’re having a residential portfolio that we’re launching soon. And the great thing about that is that it’s focused on the housing crisis such as housing affordability. So with Boxabl, we plan to develop these communities, using their little modular casinos, which are more appealing and modern. And so people can now have a home in areas they want to live in at a startup price again because obviously, real estate has gotten so expensive in this country. And so there’s a lot of good behind that it’s a sustainable product. Plus, I think it’s going to provide awesome returns for investors. So in essence, we want to impact the world through real estate, if I can make that short.
CORWYN:
I love it, so I’m gonna, I’m gonna say something, Sach, that I heard in all of that, so maybe recently, a few days, weeks, I don’t know when it was, I put this post and I think a Facebook group I carried for they just in in our office, and I shared with them about changing their room, sometimes like you were saying and sharing, the room that you were in because of your position, as a trader on Wall Street, you got exposed to a lot of different things in that room, that then you can apply elsewhere. And most people want to change the room that they’re in. But sometimes you need to change your room so that you can do that. Meaning that you want to make an impact in your community. You want to do this, you want to see people have all this success, and you want to help them do it. But you got to change your room first so that you can learn what you need to know. So that you can come to change the room. That right there, man that ever I did just kind of hit me right there. So thank you so much for sharing that. So you say you guys are focused on essentially– and please correct me if the term is the wrong one to apply in this situation Sach, but you guys are doing what crowdfunding? Correct?
SACH:
Yeah, that’s 100% True.
CORWYN:
Okay, so you said that someone can invest as little as $100? Yeah, what is? So what does that look like? And then let me do two things. One, I’m asking what does that look like on the back end? I’m going to ask you about the people that you’ve been working with. What type of results are they see?
SACH:
Sure. That’s a great question. And obviously, let me take a step back. So one of the most tried and tried ways to build wealth over a long period, right, not hitting a home run and getting crypto right or wrong, but through a long period has always been real estate, and, private real estate, commercial properties, diversifying into a lot of portfolios. However, that was only possible, initially, if you had the amount of money to go and buy a bunch of buildings, and obviously, as real estate grew and got more expensive. The government allowed the structure called the REIT, which was already crowdfunding, a fund that could take in smaller investors. So that, everyone can participate, and they can go and buy these expensive properties, and then kind of share in the risk and the return of those properties. However, those portfolios were still only available to what we call accredited investors. So someone who makes over $250,000 or has a million dollars in net worth, or and you needed to know someone you need to have enough money to have a financial planner who said, Hey, I have this, this fund that’s buying these properties, you should put it in because they’re going to have good returns. And, the power of real estate is that, unlike, let’s say just standing stocks have been given to, but generally stocks and bonds go up and down, real estate won over a long period just goes up to the power of just inflation, right, the cost of everything gets more expensive. And number two, because if you get real estate that pays an income dividend, they can’t take that back, so the price could go down, but they can’t take the money they gave you back. So you’re building this cushion on your investment over some time. And so, a lot of people find that a safer way to grow wealth over a long period. And then you can take that monthly dividend, if you will, and reinvest it back into the real estate and on the interest. And that’s called compound interest. And if you do that stuff for a longer period, the compounding power of that is phenomenal. So we have a section in our website called the dividend calculator, and you can plug that in you can say okay, well, obviously if you put $100 in and that’s all you do your insurance. So the answer to your question, returns we’ve been paying a six-a-half percent monthly, annualized dividend, every month. Since inception, we’ve been very consistent, because we have long-term leases or tenants pay us rent and we take those rents, we do all the maintenance and we take out the fees and then we pay our investors every month. So a pretty simple process. But if you put $100 in you’re in six and a half percent a year. Well, even if you reinvest the dividends, and if you did that maybe you got to close to 7%, that’s seven bucks. That’s not going to change your life. However, a third of our investors, first of all, some people put in 100. But, people put in more, they might test it to see, Hey, is this just going to work, am I going to get my dividend, and then when they feel confident, they’ll add more. But let’s say you started with $500. And then that’s still not a lot of money. But you could say, Well, why not every month with this auto-invest feature, I build that portfolio, and I’ll put another 100 or 250 every month. And if we run that on a dividend calculator over, three years, you’ll see that you build a pretty good cushion and a pretty good return for yourself. But if you did that, over 10 years, or 20 years or 30 years, just quietly put away small amounts of money, and let that income come in, and then reinvest that income and compound and grow and grow. That’s how you build wealth, all of a sudden, your kids have a huge nest egg, or you have a huge retirement fund there. But we’re down the road, 10 years, you want to buy a bigger house, whatever the amount is. So you could do that with a million dollars. And it will be multiples of that. And that’s how the wealthy got a lot wealthier. But now the average person can also do that whatever level of wealth they have, versus just spending it, you could spend $500 a month or $200 a month on dinner and sneakers and whatever it is, and that’s gone. But if you quietly put it away, and then you look 10 years or 20 years, or I mean even five years from now, you’d be surprised at what you’ve built. And that’s the education part that we want to try to teach people and introduce this concept because I feel like it’s not an unknown concept that’s just not been discussed with the general public. But it’s, I can tell you that compound interest and investing in dividends, and earning passive income is a conversation that people wouldn’t mind talking about all the time.
CORWYN:
So for our listeners, Sach, you’re in Miami, you said, right, that’s the area that you live in. So you guys have buses, city, buses, all that stuff in that in that area, do you all have kneeling buses in that area? So that’s a bus and some cities have that. So if you listen to this, wherever you guys are, if you have a metro system, a lot of buses, a lot of systems have what they referred to as a kneeling bus. So when it gets to wherever the people are, it lowers in the front, so it makes it easier for people to get on. I’m saying this because Sach, you got a kneeling bus here, you are pulling up to people and you are lowering the place where people come into, so they ain’t got to climb up. To get into investing, you’re laying the bus down, you get a step closer to the ground so that people can step on. So for our listeners, guys, you need to pay attention to this, you need to pay attention to this is an opportunity, or these things like this are opportunities to get you in, we always looking again, what is the barrier of entry that a lot of people build themselves to say, Well, I gotta have 100,000, I gotta have 50,000, I gotta have a million dollars, or half million dollars a quarter million for me to invest in real estate. And that’s not true. That is not true. So thank you Sach for what you guys are doing. So let me hit you with a question here. Um, so, this type of crowdfunding and stuff is very popular among younger investors. Am I correct? Okay, and what do you believe? So two questions, one, why do you believe that is so? And number two? Let’s talk about what is that. What do you project that’s gonna look like for those investors in the future?
SACH:
Yeah, awesome questions. One. I mean, the reason is in essence, technology and the internet and apps and the iPhone. They are digital natives, right? So the younger generation knows nothing else but ordering their food on their phone, right? Getting a car and a cab or Uber on their phone, renting a home, getting a hotel on their phone, buying tickets on their phone, do everything on their phone. And so the idea of and then, banking now on their phone is super normal. The idea of walking into Bank of America and standing in line to get a teller to get your check is like, like, just doesn’t even make sense. Like, wait, I have to spend 20 minutes and drive somewhere versus like three seconds on a phone. So the same thing is happening with investing. Is that because they have access to it on their phone? One, they don’t want to talk to humans they can access information and learn quicker and faster than we ever grew up. We didn’t have that right. Like I had to get into Wall Street to even know this world exists. Is that? Well, today every kid knows about what the Fed is doing. And where stock prices are and where crypto is because it’s all it’s so easy to access and with that, they’ve developed the ability to process different parts of their brain and build a lot of skill sets. And I think the olden days used to be, well, you do this. And if you let’s just say you’re a doctor, and that’s all you know. So when it comes to money, you’re not the expert, go hire someone who’s an expert at money and let them manage your money. And young people say like, what? No, I can be an expert. It’s my money. And they can because there’s nothing that stops them from learning if they want to what somebody else knows. After all, it’s all there, right? And I think that’s the reason why they’re so adept at investing online. And because of that, they want to do it earlier. And because they don’t have as much money, they need to do it in smaller increments. So they’re like, I don’t want to wait till I’m wealthy, I don’t want to wait till I’m older, I want X. There’s no reason they see no reasons why they can’t have access to what a billionaire has, like so if Elon Musk is buying Bitcoin, it’s 30,000. There, they don’t see why they can’t buy their fractional share of it. Right? If, in Robin Hood made stock trading, that simple there, that you buy Tesla’s $250, well, they can buy $10 worth of Tesla and trade it in the same format. So I think that the world has changed, and they’re just so used to that it’s very normal in real estate, it’s something that most people generally understand because it’s probably the first asset that mankind created. So that’s number one. And the experts, the growth of that is, this is the powerful thing is that millennials. Millennials mean like, people, we’re 42, right, are going to control over 50% of the wealth in the United States, in the next seven years by 2030. So they’re going to be the dominant monetary powerhouse decision-makers. And if that audience is doing everything digitally and not having financial planners and seeking outside resources, then they need, we have to create products for them. So they can access all the options, not just a few. And so real estate is just an important option for them. And so that’s why they’re the main source. But of course, like, this doesn’t mean you have to be a millennial to invest in a crowdfunding platform, but they’re more geared to it. And again,
CORWYN:
This position as you said, is because they do that. I have a 21-year-old at the house and I had this conversation in the last few days, it’s kind of been moping around. And I’m like, Yeah, I said, life is different than what you thought it was. Like you said, generations now, just believe or think they can just have whatever. So this is a method of kind of chopping it down so you can, but you see that, I mean, it’s like there’s an expectation that I can have everything, and you can work yourself there. This is the avenue or platform that gives people an avenue that wants to work themselves to being more wealthy, having more wealth, and creating possibly generational wealth. I mean, you never know what they plan to do with it. But, definitely something in that. So, tell me Sach, the experiences that your folks are having? And like the feedback in the takeaway, what are they learning? In this entire process?
SACH:
Yeah. So that’s an important component, right is the education part. They don’t have to do anything. So we do all of it for them, right? So in essence, they take four minutes, they go through the flow, they decide how much money they want to invest, and the money gets put to work. And next month, they collect their first dividend. And then as we pay dividends, they get their interest, and they don’t have to do anything, however, again, because of the weight of the world we live in transparency is important. They do want to know, like, they want to learn what’s happening, they don’t just want to give you the money and then not talk to you, right? And so online, in our website and our app, we break down when we buy a property, we give them a full report and kind of break down all the things that went into a sort of making that decision to buy the property. So they know where the property exists. They know who the tenant is, they know what the rent is, they know, our sort of assessment like we have a strategy and a model that we sort of put properties through and they know okay, well this is why, elevate like the location. This is why what they thought about the tenant, this is what the lease term looks like. This is what the demographics are these are just some of the other intangibles that they saw. And they kind of put all this together and said, Hey, this is going to fit the overall portfolio. Well, what does that mean? Okay, well, here’s what that means we want to build a portfolio that has staggered maturity, dates on the loan, staggered lease, and renewal date so that we don’t have all this risk in one place. So as we’re doing things, we’re sharing all this information, some of the audience is very curious, and they read it, they want to learn this and this questions. , some people are like, Hey, I don’t care like you’re paying me, this has been consistent, you paid a monthly dividend every month, everything else has gone up and down, and I still get my passive income from you guys, it’s better than 1% at the bank, I know the properties you own. And like, I understand that the shale gas station is gonna pump gas, even in a recession, I understand, people still gonna go to a family taller. And, those are good businesses. And so then we also in the strategy in the commercial strategy, also kind of share, like, Look, our job is to try to, again, it’s risk isn’t everything. So there’re no guarantees, right? Like, we can make that clear. But you can try to assess risk and either be prudent or sort of wild about it. And so for us, we want to give them a predictable monthly cash flow, right, we want to say, Hey, this is a long-term savings account for you, in essence, right, this is, we’re not going to triple in a week, that’s crypto, we’re also probably likely not going to go to zero in a week, right? Our job is to take your money, invest in assets, collect rent, and give you passive income every month in a predictable fashion. And so our tenants are quality tenants, we look at financials over 10, 20, 30 years, they’ve been operators in that business for a long time, they might be public companies that have strong credit, the leases are generally very long term: five to 20 years, they a lot of them have rent increases built in. And so, these businesses, like a gas station have to pay the rent for the real estate to be able to run the business, if they stopped paying rent, then we kick them out, they can’t pump gas, they’re out of business, those businesses are worth multi-millions of dollars, they’re not going to not pay their 10 grand a month rent, it’s a strategy that we feel is very low on the risk spectrum. And then we share all that educational information on the site, sometimes our investment manager will do a call, and we have a recording of one of the property assessments on the site. So it’s kind of –
CORWYN:
That is huge. So again, here we are, again, guys, our listeners, with the kneeling bus, we have created, have the opportunity, Sach has made it easy. Matter of fact, you’re bringing the bus to them, and you’re laying it down to make them give them to access easily to get on. So that is huge. So please don’t miss this opportunity, for our listeners, Now, Sach, before we go and get too far, how can people reach you
SACH:
the easiest way is through our website elevate.money, it’s not .com it’s elevate.money. We have a chat feature we have an email feature you can the whole team will get it, and somebody will respond to you. If you have any questions. We’re on social and Instagram, LinkedIn, and all that stuff. So yeah, as I said, our job is to constantly provide information, bring a lot of the tactics and strategies, and access to products that wealthy people have to everybody. And then like you said, it’s up to the person to decide if they’re going to take action or not. And we’ve again, that kneeling bus is that $100 minimum, it’s not going to hurt anyone to try it. Like you could spend $100 on an air today, you walk out of the house, right? You can lose $100, go out to dinner, buy a shirt, whatever it is. So, it doesn’t we made it so easy for people to say, hey, like, I may not understand this right now. But hey, let me put $100 and see what happens. Okay, well, I got a few cents next month, and I got a few cents next month. And I figured since next month, well, then imagine what if I put $100 every month? I don’t know what that would look like, Okay, let me go to this dividend calculator and plug those numbers in and see what that looks like. And so it’s like these baby steps along the way. Till you see it, feel it, you don’t know it. And so that’s the goal is not just to talk about it, to give people the option to see it and feel it and play with it themselves for them to that light bulb to click
CORWYN:
that is priceless. And I’m gonna– for our listeners, while Sach has been giving you that information. I’ve been checking out their website and such, you guys I passed one of your properties, usually about once a solar month. Because I’m in that area. Oh, in South Carolina. Yeah, I just that’s funny because now, and funny enough, I think I was in I think I stopped by there, maybe a few months ago, I think to buy a drink or something. That is, boom, mind blown, Man, that is awesome. That place has been there forever. I’ve been making that trip for meetings in the area I use. I’ve been doing it for years. And that’s awesome, man. So now I got property and an owner. Yeah, that’s lovely. That’s lovely. So Sach, thank you so much for being on today’s show, we’re unfortunately at the end of this today. But you and I have a lot more to talk about. For our listeners, guys, I want you to visualize that concept and trustfully maybe you guys as you’re driving to and fro out and about all of our listeners, whether you’re local to the South Carolina Market, or you’re in other parts of the country or other parts of the world if there’s a public system every time you see a bus and that’s like a stop and lower down. I want you to think about Sach Jhangiani, I want you to reach out to him. I want you to say Hey, Sach, I am ready to get on the bus. I think I want that one. I want that to be your mantra that you heard this on this show. I’m ready to get on the bus. Thank you for lowering it for me what I need to do to start investing, how can I start being a part of this global community of investors, and how I can begin to create wealth, create a legacy, build an income, and residual income through dividends, by working with you and your company. Sach, I appreciate you sharing that story with us today.
SACH:
Corwyn, thank you. My pleasure is mine. I’m so happy I got a chance to be here with you today.
CORWYN:
Awesome. So for our listeners, guys, look, we’re at the end. Sach, again, thank you so much for being a part of the Exit Strategies Radio Show Family. From the bottom of my heart. I appreciate it. I appreciate what you do in the community, and what you do to empower people which is a part of our mantra here as well. For our listeners for the final time, y’all know how I feel. Y’all know what I say? I will put the two of them together and I’m gonna say it to you this way, which is I love you. I love you. I love you. And I’m gonna see you guys out there in the streets.
