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Albert Preciado

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The Money Mondays

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

0.249

You can't force everybody to be successful. There's 8 billion people in the world. Not everybody wants to be like a billionaire. Like some people are happy just being average. Most people are.

The Money Mondays

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

1000.692

Well, I have a lot of young, I call them kids, but they're young adults. They're like 18, 19, 20, 21, 24 year olds. And they always, they come from like, a lot of them come from bad mentors and leaders. And they're just bad because they don't have the intelligence, the knowledge, the experience. They just don't have it. So they ask me, hey, should I get a car? Should I get this exotic?

The Money Mondays

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

1028.642

Should I get this? They want to get like... things over their means. And me, with my experience, being 41, going through a lot of stuff, I mean, you see me, I'm very transparent. I tell you like, hey, I'm broke, my credit's fucked up, I made mistakes, I can't pay this, I can't pay that, I have to pay it later. Things happen, but an entrepreneur figures them out. So I tell my guys, my girls, hey,

The Money Mondays

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

1056.678

it's 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 can go get your car why do you think so many people get stuck

The Money Mondays

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

1091.276

I think the one percenters are the one percenters for a reason. And you can't force everybody to be successful. There's eight billion people in the world. Not everybody wants to be Like a billionaire. Like some people are happy just being average. Most people are. So one thing that I'm very proud of is that we kind of force people to be successful. So we're calling people.

The Money Mondays

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

1118.201

You know, we have 40 people. And every salesperson makes 100 calls. So we're dialing 4,000 times a day. And they're getting better. So we're high pressure salespeople. So the way we look at it is we're gonna change their lives. It would be unethical if we don't close them. Because we're gonna close them and they're gonna change their lives.

The Money Mondays

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

1144.545

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 in one month. And this is, I'm talking about their first month, second month. So like people are just average.

The Money Mondays

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

116.428

I was selling mortgages. And then 13 years ago, I started my mortgage company. And then I made my first millions selling mortgages, real estate. And then I got into the whole social media, started my personal brand. And because of that, in 2021, I made $30 million in revenue for the first time. And ever since then, I've never looked back.

The Money Mondays

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

1172.416

I've always thought like that, but before it was like girls. I thought it would be unethical if I don't close it. A thousand later.

The Money Mondays

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

1209.815

Yeah, I think fucking brokies are the most the most selfish people in the world because they're so selfish. It's all about them. Like, they don't like to talk about money. They don't like people that have money, that make a lot of money, because they're so selfish. Because if you don't have money, if you're broke, you don't have any money, like, who are you going to help?

The Money Mondays

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

1231.029

If you don't have any money, you can't donate any money. You can't help people. If your best friend, your family member, whether it's your kids or your fathers, mothers, if they're sick and they need help,

The Money Mondays

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

1245.536

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 brekka and and get fixed and they don't have the money so you're not going to change lives if you don't have money like donald trump wouldn't be the president if he didn't have any money you need money to help people You need money to change the world.

The Money Mondays

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

1269.158

You need money to be Elon Musk and go to Mars. So like people that are broke and don't like to talk about money, they're the most selfish people in the world.

The Money Mondays

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

1296.3

I only, and this, it's almost like deja vu. Like I was talking to Eric Spofford, Neil Patel. I'm going to tell you my answer. I pretty much only talk to like five of my employees. We have probably close to 500 now. I only talk to like five. So like I don't deal with it. But the reason why is because there's a really good book I'll recommend to everybody. It's called Rocket Fuel.

The Money Mondays

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

1321.778

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 Sil is the operator and she's going to operate all the employees, everybody that works here. Maybe five to ten people in the company is who I talk to.

The Money Mondays

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

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There's different mentors for, there's like, I know some people have good rep, bad rep. You know, like I, I'll name a few, right? So you have obviously yourself, Dan Fleischman. Dude, you connect me with everybody. I don't know if you call yourself that. Maybe you have, maybe you haven't. But you just know everybody. You're like a connector.

The Money Mondays

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

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And you would be a mentor into teaching people how to get into rooms, how to meet the right people, how to network. But then you have other people like Wes Watson. A lot of people hate him. A lot of people love him. But he does have a good message for people that need his message. You know, like the mindset stuff. Natasha Garcia, another one. She was here yesterday. Dude, she's awesome.

The Money Mondays

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

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People have told me bad things about her, this and that. And I did some research. I found some things. I saw one of her last podcasts. So I asked her, when she came in here, I said, hey, are you okay with me asking anything? Is there something you don't want to talk about? And she said, ask me anything. And I said, can I ask you about...

The Money Mondays

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

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your fake followers, can I ask you about the orphanage and just stuff like that. And if you see the podcast, she clears everything. And I'm a smart guy. Everything made sense. I believe her. She's awesome. Dude, I respect her fucking hustle. And she sends a good message. She's just that tough woman. She talked about she was raped three times, 15, 21. It's the first time she talks about that. Wow.

The Money Mondays

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

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how do mortgage loan officers real estate how do they make money so when you sell a mortgage you make a two and a half percent commission on the on the more on the mortgage uh on the mortgage amount so like if you sell a mortgage that's 500 000 you make two and a half percent of that got it Just like real estate, if you sell a $500,000 home, then you make 2.5%, 2%, 3%. But it's very similar.

The Money Mondays

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

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But she was super open. And I'm sure that's going to help a lot of other girls that maybe they're going through that right now. Sure. But but there's also like Neil Patel, you know, that guy's a genius marketer for like huge trillion dollar companies. But You'll learn from everybody. Tai Lopez, you know, Tai Lopez, he also gets like, hey, and people love him, people hate him.

The Money Mondays

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

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But that guy knows how to do like something's right. So sure, everybody has something. So the way I did it was like I hired Tim Grover, David Goggins, Grant Cardone, Patrick David.

The Money Mondays

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

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dean graciosi i hired every john maxwell those are all big names yeah so like i hired all of them paid them like some some 400k some 100k some less or more so that they can spend one-on-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'm able to teach other people that they get all in one with me

The Money Mondays

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

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Bro, that's the biggest thing. The more you give, the more you get. You just gotta give, give, give. I always carry cash. It's weird, but I have a Ziploc bag. That's fun. And I just have a bunch of $100 bills. And wherever I go, wherever I go, I'm always pulling out $100 or whatever. And I'm giving them to the valet, the people at the restrooms, at Javier's.

The Money Mondays

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

1559.4

Yeah, every time I go to dinner, no, not every time, but 90% of the time, I always match the price.

The Money Mondays

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

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Yeah, if it's $1,000, I tip $1,000. Really? Yeah. I love it. And we go to dinners every day. Yeah. 90% of the days we go to dinner. And that's kind of like, that's why like life is work and work is life. But I'm really like, I want to start a, I want to do something with you, maybe Tim's story. Me and Sil, we've been talking about this. But for now, we just donate.

The Money Mondays

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

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Whenever I go to Dave Meltzer's events, yours events, Tim's stories, I donate. I always give $1,000, $500, $2,000, something like that. But I want to start my own driven charity. Of course, that's great. Yeah. We got to look at GoDaddy, drivencharity.com. So I want to start that. I want you to help me with it.

The Money Mondays

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

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And I just want to give, like, I don't know, I want to give a lot of money, like a percentage of my income. I just want to give it to my charity. And for me, I love white people, black people, purple people, yellow people. But I'm Mexican. I'm Latino. So I want to do something that helps the Latino kids. I want to do something for the Latino American kids. The Latino community is 20% of the U.S.

The Money Mondays

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

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population. And they need help. For sure. You know, like they're they they grow up with not the correct information to become successful, to build their dream life. You know, so I was one of those and I had to hire all these mentors to learn. So I want to do like some driven charity and then we could help like all the Latino Americans here in the U.S., even outside of the U.S.

The Money Mondays

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

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But but I know that I mean, you know that like the I Some people won't agree with me, but I think the Latinos here in the U.S. are the hardest working people. They're loyal people. And everybody's great. But I just feel like they're loyal, they're hard workers. Patrick Bedavid once told me, I focus and most of my people are Latino. Latinos, PHP, before he sold it.

The Money Mondays

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

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Because they're just hard workers and they're loyal. And I remember that hard workers and loyal. And then Grant Cardone, Brad Lee, you, Tim Story, Tim Grover. There's a video with Tim Grover. He tells me that I told him one thing and he ran with it. I always repost it.

The Money Mondays

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

1718.852

they all told me the same thing albert focus on your latino community because there's nobody that that controls that you are the one and my lead 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 if you want to make more money give more help more people and the money's gonna come on autopilot

The Money Mondays

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

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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 escrow company, where now we make a commission on the real estate, on the mortgage, and on the escrow. And I'll tell you something, escrow, makes a lot of money.

The Money Mondays

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

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That's a very good question. It's hard, you know, like I'm not, I don't want to leave them, I want to leave them very little. I want to leave everything to the world. Like I want to just donate everything.

The Money Mondays

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

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Like sometimes you get like $60,000 commissions on escrow. What? Yeah. 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 a $260,000 selling mortgages and then I lost it all in 2008. But,

The Money Mondays

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

1965.009

leave my my children like a little bit something where they could um start a business my my girls because they're here right now uh all three of them that's awesome and and like italia's birthday was yesterday she turned eight and you know what you know what her wish was she said dad mom i just want to go to the office for my birthday That's a birthday gift. Wow. So I want them to figure it out.

The Money Mondays

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

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I want them to struggle. I want to get them maybe not a Honda Civic, but a little Mercedes when they're able to drive. And then they have to earn everything else. And then... then they have a little bit of money to start something. But then the rest of it, I just want to put it in good use. I want to donate it to the future. I want to donate it.

The Money Mondays

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

2021.591

And I never thought about this to this extent, but I want to donate it to the kids. And also the kids have to earn it, not just to any kid, right? Maybe there's like a school where they have to go to, a school that I build, and the kids that graduate, then they get it. Driven school, I like that. Yeah, driven school for the kids. Because the kids are the future. For sure.

The Money Mondays

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

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Italia will make her own billion. Berlin will make her own billion. Cali will make her own billion. Those are the kids that I want to create. And I don't want to have kids where I give them a billion dollars and they turn into drug addicts. They're entitled. They expect everything. So that's the way I see it. And if you think about it, Dan, like me and you see each other like how often?

The Money Mondays

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

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Maybe like once a month right now, like once a month. So like if you have. Let's just say me and you have 40 years left. 40 years left. So that means that I'm going to see you 40 times 12. 480 times? So I'm going to see you 480 times more. So now with this, I'm going to see you 479 more times. So the life is not the years. And what if something happens to you or me? Then I don't see you again.

The Money Mondays

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

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But a good way to see it is like, I'm only gonna 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 a year? And how many years does she have left, like more or less? Just being conservative. Okay, so that means you're only gonna see her 10 more times.

The Money Mondays

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

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So like when you think about that, like life is short and that's why I all have champagne every day. Like I all have, I have family members that are dying, that died. I have people that didn't do what they wanted to do and they were like always saving, saving, saving, pay off their home and then they die. So that's why like the money is so easy to make, time is impossible to get back. So like,

The Money Mondays

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

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My billions, I'm building a trillion dollar company. That's how big I think. Billions is going to be easy. That's already in the works. But a trillion dollar company like Apple, like those big companies, Microsoft, Facebook, Amazon, that's my vision. And yeah, I mean, all the money that I make,

The Money Mondays

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

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I'll leave 1% to my kids and I'll give everything away, donate it to the students, to the young kids that earn it because they graduate from the Driven School. So that's what I'll do.

The Money Mondays

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

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After that, and learning from you and other mentors, I realized that it was very important to create your personal brand, and then to create your brand, just your company brand, which is just bigger than your personal brand. I'll tell you why. Driven, it became a big brand now. Nine years. People want to be there. People want to speak for free. People want to pay me a lot of money to speak.

The Money Mondays

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

250.55

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.

The Money Mondays

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

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uh you know he's uh he's really successful and we're we're always hanging out i learned a lot from him but it's opened so many doors by just building your personal brand that i told you i'm so excited right now like i'm making more money than ever 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.

The Money Mondays

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

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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? Driven number nine, right? March, yeah, my birthday. Nice. So March 29, I came up with that date because it's my birthday, and I can ask a lot of powerful speakers to speak for free because I tell them, hey, it's my birthday.

The Money Mondays

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

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The best birthday gift you could give me, Ed Milet, is come to my event, and... And it's my birthday. It's going to be the best birthday gift. So, you know, I've been I've been doing that and it's going to be the worst.

The Money Mondays

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

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I'm very excited about Mark Shapiro. Mark Shapiro, he owns a bunch of multi-units. I know all the stuff. I know the numbers of how many units he owns. I know what he has. I know his net worth, but I'm not going to reveal that. He's a very private person. I respect him, but I'll just tell you that he's like... If you guys think Grant Cardone is big, Mark Shapiro is big.

The Money Mondays

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

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And so we have Mark Shapiro. We have Daniel G. We have Eric Spofford. He sold his company for $115 million. We have Dan Fleischman. You know, we have a lot of heavy hitters. I'm about to announce a professional Hall of Famer NFL player. Nice. I think Mario Lopez. Nice. Saved by the bell.

The Money Mondays

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

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Josh Altman, the number one realtor in the U.S. It's a serious lineup. I can go on and on. Natasha Graciano. I don't want to miss anybody, but a Bradley, you know, Bradley, uh, one of my best friends too, but, uh, the real Bradley. Yeah. The real Bradley.

The Money Mondays

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

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It's the ninth year, the ninth year of the driven event.

The Money Mondays

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

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And now people see the credibility. the track record. So now they, they, it's 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 sales force.

The Money Mondays

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

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So we have 40 people, 40 salespeople, 40, 40, like, like we have like 10, 10 remote and like 30 in-house, but we have the science to it. So it's,

The Money Mondays

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

427.464

everything in life has a science to it mortgages real estate escrows events you're the master of that but sales like i'm very good in sales and relationships and vision like i'm a visionary sales very good at operations my wife she operates everything so sales there's a science like you have people that are are appointment setters

The Money Mondays

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

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you know they're they're not skilled enough to close because they could burn the lead we have closers that specialize in closing deals that are so they're solid so the setters have to get them solid leads to close we have tos people that take over uh we have uh spiffs you know when when like for example right now i told the guys me and casey told the guys hey you know what if you do this you'll get this amount of cash uh my my sales people

The Money Mondays

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

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Even if you offer them a million dollars, they wouldn't leave me because the culture that we have here is second to none. And then our people, they work Saturdays, Sundays, and holidays. And they'll work here till 10, 11 p.m., midnight sometimes. Sometimes they sleep here because they're closing deals and they fall asleep.

The Money Mondays

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

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You need a lot of training. You need a lot of training. Give a shout out to Casey, who's right there. He came here and he changed a lot of lives. Just like I changed his life, he changed our life.

The Money Mondays

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

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There's a lot of 80,000, 50,000, 100,000. Yeah, we have our scoreboard. But his responsibility is I tell him, hey, you're only 24. I have the experience. just be coachable. Always stay humble to learn more. There's always gonna be somebody doing more. And you gotta remain humble to be disciplined and be a student because you wanna get better. And I made all the mistakes.

The Money Mondays

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

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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.m in the morning they have their sales meeting in the morning that sets up the mood and if you if you have a crappy meeting you're gonna have a crappy production day but at my let dude i'm about to make a big announcement with ed and my let like i i love it at my let ed and my letter always tells me that that i'm the person that reminds him more about him than anybody else in the world he connected me with marshall falk

The Money Mondays

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

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Uh, so like a, and he sends me like these long voice notes and we're always talking, but, but at my lead has been huge, uh, in my success. And he is a huge mentor and somebody I respect a lot.

The Money Mondays

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

62.574

I mean, it's really been 20 years. 20 years in the game. But as a business owner, 13 years. 13 years. All right.

The Money Mondays

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

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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 died. A lot of them, they're out. The one percenters are doing good.

The Money Mondays

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

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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 you're used to it. You know that every day you have a plan for the next day. And you're like, I'm going to do this, this, this. Everything's lined up. You have your calendar. And something goes wrong in the morning every time. It throws off everything.

The Money Mondays

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

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And then you have to figure out how to fix it. So when you have a strong mindset, nothing tickles you. You just know, I'm going to handle it. So you need a strong mindset because mortgages are tough right now. You need to be a genius marketer.

The Money Mondays

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

697.782

So what I mean by that is you gotta be on social media, you gotta be posting stories, you gotta know how to market, how to be a marketer, and you gotta know how to use social media. If you're not on social media and you don't have a strong mindset, you're gonna fail in mortgages. Number three, you gotta be a top closer, a salesperson. You gotta master sales.

The Money Mondays

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

715.67

If you suck in sales, you have no chance in mortgages. So mindset, marketing, sales. Now, number four, you got to be an expert in your field. So you got to be an expert mortgage person. You got to understand all the guidelines. You got to know your shit. You got to know every single thing. So that's number four. Number, the fifth thing to complete it is you got to have extreme work ethic.

The Money Mondays

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

739.412

If you're not willing to work 18 hours a day right now, seven times a week in mortgages, and this is both for mortgages and real estate, you're not going to make it. And for me, dude, I enjoy it. Like, today, I text you in the morning. Out of nowhere, I'm just like, hey, what's up, Dan?

The Money Mondays

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

755.021

Yeah, I wake up. Like, today, I woke up, like, at 3. I always wake up 3, 4, 3, 4. And, like, Kayla knows this. Like, I wake up, and I'm, like, on my DMs. Like, I'm like, I don't even have to do that. Like, I don't need to. I have people that do that for me. But I get up, and I'll spend, like, an hour just DMing people back. Bam, bam, bam, bam, bam, bam. And then, like, around.

The Money Mondays

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

775.739

And then I'm texting them. And I'm telling them because Kayla and Casey, they're together. They're a couple. They're one of our favorite couples in the world. And Kayla is like, I'm texting them in the morning. So then when I'm done, I'm like, hey, Kayla, it's all yours. You take over my DMs. I'm done. Because I like to look through my stories, and I'm looking at the viewers.

The Money Mondays

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

798.516

Because people that are viewing your stories every day, they're interested. They're big followers. It's like if I was single and I would go through my story viewers, dude, I would get a... It's so easy now to 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.

The Money Mondays

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

824.678

I'm looking. So then after when I'm done, I'll be like, hey, Kayla, it's all yours. So she takes over. Special delivery for you. Thank you. Vodka and oranges.

The Money Mondays

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

844.81

Best advice I'll give anybody here, especially young men, young men I tell them stay away from women, alcohol, and drugs. But the best advice I'll give besides that is mentors. Hire mentors. Pay people $10,000, $20,000, $50,000, $100,000. And the second best advice is use credit cards. Like just swipe your credit card, pay for a mentorship. One-on-one is the best way of learning.

The Money Mondays

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

874.913

I paid 11 years ago, Grant Cardone and Patrick Bedavid. I paid them a lot of money for one-on-one. And that changed my life. Because of that, I started my own mortgage company. And then that just, once you become an entrepreneur, you can't go back.

The Money Mondays

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

902.36

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 gonna spend 5%, 3% of my time. Same thing with people, same thing with family members.

The Money Mondays

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

930.552

If they don't give me any value, if they're not contributing to my 80K a day, I'm not going to spend time with them because life is too short. I see people that are aging now and I want to live the best life when I'm young. I want to be with my kids when I'm young. I want my parents to see major success for me when they're alive. My parents are getting older.

The Money Mondays

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

95.882

You know, just a Mexican-American kid, first generation. I came here. My parents made me in Mexico, crossed the border for a better future, had me here. I was born here. I didn't speak English until I was seven. And former ESL student, special ed student, college dropout. Nobody gave me a shot to do anything in life. And then I just... dropped out of college, got into sales in mortgages.

The Money Mondays

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

952.796

They're not in the best health condition. They're 75 years old. So time, you never get it back. It's easy to make money and you could always make more money, but you can never get time back. So I'm going to focus on 80K a day. 80K a day because $30 million a year equals to 80K a day. And that's my limit. That's my minimum.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

0.109

So if you can learn one skill, like just one skill, the first skill you wanna learn is how to sell. Just to give you an example, for $80,000 we spend on ad spend, we make a million. Yeah. And we have 40 salespeople in our office, each dials 100 times, so it's 4,000 dials a day. And right now we're averaging 50,000 plus a day.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1090.208

We have a lot of surprises. We have a lot of surprises. But what I like to do with, I mean, this Driven event, we're going to announce the whole merging of the companies. And the main thing, though, is it's also going to be my birthday weekend. So it's going to be a good celebration. But my whole point of Driven is...

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1112.493

is I wanna do for people what Grant Cardone, Patrick David and people like that did for me. And I wanna give them all the experience, all the mistakes that I've made so that they don't make those mistakes. And the thing about Driven is we bring experts in different fields. So we'll bring a tax expert, We'll bring a real estate expert. We'll bring a mindset expert, a mindset coach.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1139.209

We'll bring people that are marketing experts. So we'll bring experts in every field. And then we'll have operations, systems, processes, information, sales, all of that. But one of the main things that I see lacking in seminars in general is operations, systems, and processes. I don't like doing anything that's not worth my hour.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1166.948

So like if you're worth if you make X amount of money a month a year, you divide that by 2080, that's going to give you what your hour is worth. So if your hour is worth $1,000, then you shouldn't be doing anything less than $1,000 an hour. Some people are worth $15,000 an hour. So you should just value your time because you can't get it back.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

118.581

Yeah. So, you know, I just I want to say first, thank you for having me here. And then you've been around since my beginnings. And what I want to say is like I started from zero. So anybody can create something. And it's just been really, really hard.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1187.707

And you want to focus on the big ROI, whatever returns you the most. So what I've learned making a lot of mistakes is hiring a lot of people. Grant Cardone, my mentor, he was my one-on-one mentor. I was his best student. And he'll tell you that if you ask him, he'll probably grin a little bit. But I love Grant Cardone. I have nothing bad to say about Grant Cardone.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1210.924

And he, 11 years ago, I went to his first seminar, 30 people. And he told me, you got to grow your army. But it's risky growing an army because you got to pay them. And you gotta pay people, right? It's salaries and all that stuff. So now, we have over 500 people that work for us. And I have like four assistants. I have a driver now, security. We have five full-time videographers in-house.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1237.283

Everybody's in-house. We have 40 salespeople on the floor. We have a full-time accounting team, processing team, SIL runs operations. I get to do the cool stuff. I shouldn't do that, huh? I get to do the cool stuff. So I'm doing podcasts with Dan. I'm going to parties, drinking nice champagne. I'm doing events. I'm recording stuff. So it's like the fun stuff.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1262.944

But what I do mostly is the vision part. So I'm a huge visionary, but a huge visionary compared, I mean a huge visionary working along a strong operator and having strong team employees and Salesforce and running the right ads and all of that stuff. You create like an engine that runs without you and you step away and it's still printing money And you don't have to be there all the time.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1291.464

And that's the best feeling. And that's when you can exit. That's one of the things that Patrick Bedavid, also a mentor of mine, one-on-one, 11 years ago, him and Grant were my mentors 11 years ago. And he told me, build your operation. So now I understand it. So he told me one thing that makes a lot of sense. If your business needs you 80% of the time, it's worth nothing.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1312.289

But if your business runs 80% without you, then you built a business that one day you can sell. So right now, that's what I'm working on. And that's one of the big things that we're going to teach at Driven9, how to create a business that runs on autopilot. And it's a business that you can eventually sell.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1330.779

And that's what I want to do because that's what my mentors have told me, build a business to sell.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

135.805

it's really really hard i make it look easy but but and i say life is easy but i say it because i'm trying to convince myself that it's easy because it's super hard i see you working really hard but i i dropped out of college i got into real estate and i started selling so if you can learn one skill like just one skill the first skill you want to learn is how to sell if you know how to sell

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1433.939

Well, you should go to Driven9 because it's going to change your life. And there's a lot of new events. There's a lot of new coaches, influencers. However, there's not a lot of...

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1449.554

mentors speakers or events that the leader has been tested and what i mean by that is i hired uh glenn uh john maxwell paid him four hundred thousand dollars to mentor me one-on-one and and that included his private jet flying him and he told me one thing that i'll never forget a a leader that has not been tested cannot be trusted so you know me for a long time decades so i've been around for

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1478.52

20 years and I haven't gone anywhere. So I've been through the 2008 recession, you know, then then 2020 COVID 2023 was the worst year ever in my life. Most challenging, especially for real estate, because rates went up to like 910. This year is even more complicated than last year, but I figured it out. So when in business, you always have to figure it out every year.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1507.773

Every year you have like a test. And when somebody gets through those tests over and over and over again, then that's somebody you should listen and learn from. So Driven9 is going to be filled with experts that have a lot of experience, have been tested. They know how to get through big struggles, big things when they get...

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1530.653

complex and and you have to fight figure things out you don't you're running out of money and all of that stuff that they need to figure things out in business that that's what we're gonna focus on 2009 and it's gonna teach you every single thing from marketing to sales to building your personal brand operation system process training how to hire how to fire the good the bad and the ugly about business

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

1586.166

And then, Dan, whoever just sends a message or comments back, DMs on Instagram, whatever, Dan, or comments on the podcast, Dan, then I'm going to give them 50% off. Oh, perfect. So we'll put some call to action, and I'll send it to you, and then they can just click on the link, and then they get 50% off.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

159.073

You'll sell yourself like I've sold myself. I've sold the IRS. I've sold the Department of Real Estate. I've sold my wife. I've sold my kids and I've sold my employees and my salespeople from whether it's leaving me, quitting anything. And so if you learn how to sell and you have the the courage to take risks, and then that also never ever quit, then you can make it far in life.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

191.853

And it's just been a whole I mean, people don't realize that I'm 41. So I've been doing this since I was like 1920 years old. It's when I started working self employed, dropped out, I like quit my job as a teacher assistant, because I was making nine bucks an hour. And so I started in mortgage real estate. And then that's how I made my first million in 2016.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

240.615

Because if you're not growing, you're dying. And Ty had half of my office. I have the whole floor. So I have the whole floor. And what I did is when I got that office three years ago, three and a half years ago, we gutted it out. So we spent about a million and a half just remodeling the whole floor. So we put a gym, a bar. You've seen it. Locker room, showers. We have our studio.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

259.126

And it's like a cool, fun place. But I got it before we needed it. So like the mistake I made is I got it just when COVID happened. So I get this whole office and they're like, hey, you can't work from the office. And it's like nearly 20,000 square feet, the whole floor.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

277.032

100,000 a month. And so like it's COVID time. So I'm like, shit, what am I going to do? And so... She's getting stressed out, so is my wife. So what I've learned through all my experience is that I always put ourselves in something that I take a big risk that has a big payout if I win. But if I fail, I'm going to go out of business. So every year, I kind of put us out of business.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

309.779

And then it just forces me to not sleep, figure it out. find other resources. You talked about Neil Patel. He's like my best friend. Like you ask him who's his best friend, he'll tell you it's Albert.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

324.513

And he's really wealthy. He's really successful.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

326.955

Really smart. He's probably the smartest person I know for sure. And he always gives me advice. We get together every week. We go to lunch, dinner. And I talked to him before coming here, but When you grow, you have like a millionaire mentor. Then as you grow more, you have a $10 million mentor. Then you have a $100 million mentor. Then you start getting billionaire mentors.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

352.315

So the level of advice they give you is just – you can't compare it. So when these people tell me do this, do that, like I listen. But I think the thing that has helped me the most lately has just been getting –

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

405.193

So Driven number nine, I'm going to make a huge announcement. It's March 29th. It's my birthday. So it's coming up. And I'm just going to announce that Driven is becoming the next Virgin. So we're going to be Driven. Everything we offer is going to be Driven. So it's going to be driven mortgage, driven real estate, driven escrow, driven solar, driven financial services.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

425.402

It's the ninth year of the driven event. And then we also have sales training. We have the info products. But it's going to be like virgin, but better.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

435.865

so like like i'm i'm not i'm thinking like the next the next immediate goal is obviously to get to a billion but i'm already thinking uh trillion how do we uh get ai involved software tech i'm talking to neil patel about that that stuff and and if you i mean you know me well you know that i'm gonna take another huge risk and i'm gonna put us nearly out of business again but i'm gonna go all in and i'm gonna do whatever it takes i'm gonna borrow money borrow more money uh use everything i have uh

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

465.766

and just go for it because i i just like i i'm a really big thinker and since i was a little kid i just wanted something big and and what what we what we want to do our like our our goal is to change a billion lives if we change a billion lives will become a trillion-dollar company. And people will laugh at me, but people have been laughing at me since I said I'm going to be a millionaire.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

487.96

And then I said, oh, well, I'm going to get a Ferrari. They got it. They laughed at me. Oh, we're going to get Sunset Towers, the whole floor. They laughed at me. Oh, we're going to make $30 million plus a year. Got it. They laughed at me. So to me, it doesn't really affect me at all. And people say things on my social media. They criticize me.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

502.71

And people have to understand this, that for me right now, it's the first time that I've been really spending at spend. but I never really ran any ads at all. Now we're running about $100,000 a month in ad spend. So I'm gonna be in front of a lot of people. Of course.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

518.761

And people are gonna see me and they're gonna be like, they're gonna not like me because I'm brown or because I'm Mexican or because I have an accent or because whatever. You know, they don't like my shirt that I don't button the second button because it just it'll rip. But they're going to hate me for some reason. But I'm forcing myself in front of so many eyeballs that it's normal.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

540.06

So some people, friends, they tell me, hey, they're saying this about you. I don't feel comfortable. They're saying this. And I'm like, cool. Like, I would be worried if nobody was talking. Exactly. Yeah. But yeah, it's good. But once you get the sales part in, how good is the top sales closer if you don't have anybody to close? So that's why marketing is very important.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

570.077

So, for example, I built a big brand over the years. Like, we're going on Driven Event 9. And so it's a decade that I've been working on my brand. And it takes time and people want everything so fast, like they want to do it in one year. And when you've done it for 10 years, it's going to be good. And I told Neil, hey, Neil, man, you're a year younger than me and you have more money than me.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

594.413

Like, what's going on here? And he's like, Albert, I've been doing that for 10 years more than you. I started my first business when I was 17. And I'm like, and he said, yeah, you need 10 more years. And I'm like, shit, okay. So I get it. But then if you look at five years back, and you look at where you were five years back, you'll realize, damn, I've grown a lot in five years.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

616.13

And you look 10 years back, you're like, I've grown a lot in 10 years. But the thing is that we're such driven individuals that we want to get results so fast. And you have to be patiently aggressive. So you have to be aggressive like you are. You work a lot. But you have to be patient enough to understand that it's going to take 10 years, 20 years, maybe 50 years.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

634.68

Because some of these big, huge companies, they've been around for 50 years. Like a rocket mortgage, they've been around for 50 years.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

786.191

Yeah. And to answer your question on the final part is because of the brand, like I had, I brought a, like a sales leader, you know, he leads my sales team, head of sales. His name is Casey and Casey Cox. And, and so he brought the blueprint and, And he knew a lot of sales guys. And when he brought those people in and the Blueprint combined with the brand, we just took off.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

812.365

Like companies that it took him 10 years to build, we already surpassed them by double in three months. Like this month, we'll make $2 million in just sales training, sales. Easily, like two million. We're shooting for three million, but last month we did a million for the first time. The month before that we did a 550,000. And then the first November, it was only like two weeks.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

843.21

We did a one, was it 150 something thousand? But it's been just growing more. And then our sales people are growing, they're getting better. Then we're getting now better leads. We have a really good ads team that runs our ads. So we're running ads on Facebook, on Instagram, on TikTok, and on YouTube. And then we're running, they're scripted ads.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

866.124

So no matter how much I like just talking, just kind of freelancing,

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

872.609

the ads team's like no you got to read from the teleprompter because there's certain words and then neil's involved too so neil has told us like what to do how to do it you know he's a genius marketer so he's like you can't say certain words because meta uh tick tock they could block you they could ban you and then if you do it too many times they could just ban you from their platform

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

893.446

So he's like, you gotta have it scripted, no matter how much you hate it. So then now we're scripting them. So I'm just reading it, but I'm saying the hooks in order and I'm saying the words you can, and I'm avoiding the words you can't. And we're getting like really good ROI. So just to give you an example, we spend 80, for $80,000 we spend on ad spend, we make a million.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

914.145

And we have 40 salespeople in our office, each dials 100 times, so it's 4,000 dials a day. And right now, we're averaging 50,000 plus a day in sales. We did 72K yesterday.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

936.043

I want to get to a billion dollar valuation and I want to add the tech and the software, the AI, and it's going to be driven everything. So it's not going to be just driven event or driven sales training or driven masterminds. It's going to be driven mortgage, driven real estate, driven solar, driven financial services, driven escrow. So we're just going to offer every single thing.

The Money Mondays

What Does It Take to Reach a Billion-Dollar Valuation? w/ Albert Preciado 🏘️ EP111

956.227

I'm even thinking as big as driven airlines. And I'm crazy. Like I'm something's off with me. And I and people think I'm crazy. People think they think a lot of things but but I go for it. And I like having people doubt me. I love it.