Transcription
And we are live! What's up, guys? Welcome to the Freshman Podcast. Man, we're here with the legend, Ben Mala. Man, we gotta talk about—let's get into it.
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Open up.
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You gotta learn.
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All right, we're back, guys. What's up? Welcome to the Fresh and Fit Podcast. Sorry, guys, for the delay. Man, Crystal's late, so go ahead and give him the—yeah, Chris in the chat, man, come on, bro, for coming late.
But, uh, real quick, guys, so quick now, it's patreon.com. Get all the behind-the-scenes content there, whether it's womanizing, getting you in shape, or helping you make money. Like on today's episode, which I'm really excited for, we're going to talk a lot about real estate and making money. Check us out over there on patreon.com.
Also, check us out on Anchor, Spotify, new Apple Podcasts, every single platform you guys listen to podcasts. We're there. Just make sure you wear headphones so you don't get canceled and/or fired from your job.
Also, check out the merch at fresherpodcaststore.com, guys. Get the hoodies, t-shirts, etc., with all the slogans you've come to learn and love.
Then also check out our other YouTube channel called Fresh Fit Clips. Guys, that channel is doing really well. We don't post clips on this channel anymore, guys, so if you want a bite-sized portion of the show—because there's probably gonna be a bunch of clips from this show. Ben has a bunch of great one-liners. Check us out on Fresh Fit Clips, guys. It's another YouTube channel.
And then also check out the Fresh Vlog channel, guys. I'll make this quick. The vlog channel, Monday and Wednesday, we drop vlogs, and then Tuesday and Thursday, we do live streams. Check it out. 100 grand away, let's go!
And then, uh, for something a little bit different, guys, go check me out on Feta 1811 on their breakdown of criminal cases. You guys know I used to be a former fed with the government. So today, I'm going to be doing the YSL case, and that's going to be at 9 PM. I'm going to be talking about them cooperating, et cetera, racketeering cases, all that stuff.
And then I'm also going to go ahead and break down the Whitey Bulger case for you guys as well. That'll come out on Thursday.
But other than that, man, we got a special guest now. It's Ben Mala! Welcome to the Fresh and Fit Podcast, man. We're happy to have you, sir. Welcome, welcome.
So we know who you are, man, but you might not. We definitely know. We definitely know you know who you are. He says he's working with the feds, being on the witness protection program. Doesn't qualify for you for working.
Surgery came out really nice because I remember how you used to look. And just so you guys know, yes, he has a very good sense of humor, so hope you guys are ready for some jokes. Some people don't think it's good.
Yeah, welcome to the Fresh and Fat show. No, let's say right now, I've been to your site. You ain't got no fat clothes. You ain't selling no t-shirts, you know, four or five X. So, you know, I don't get it. Nobody wants to be—nobody wants fat people no more.
Oh no, he's too fat, he's too fat. You know, that'll make me fresh and fit. I'm gonna be fresh and fat. Well, I'm glad I either—that's gonna be in my money in my bank account. I have a fat ass bank account. That's where my bat's going to be there.
And you can't help him being here, you know, eating good, living good. You know, I got money invested in this shit. 30 years.
Let's see, I got—I started making money when I was about 25. About 30 years now, I've been pumping this sucker up with good shit, T-bones.
So what's up? What do you got me here for? I could be on my yacht right now, marina. My wife could be drinking and dancing, having a good time. But no, you want me to come all the way in traffic. The freaking Uber doesn't even know where he's going, but he was a good Uber. He got us here, and I was early. Your ass kept me waiting.
Barbados bragging on me. I got some bungalow in my bedroom. He's also got a little stand outside. I've been to Barbados. Beautiful place, beautiful people.
Yeah, but the best bar is basically like a bar you'd see out your house. Yeah, they bring it outside, and on the street, you just pull over, you have drinks.
Literally, did you have one? Tell the truth. Did you have a bar outside your house?
I did not.
Okay, all right. So what's up? What are we doing?
All right, so besides roasting us, yeah, yeah. Hey, check it out. If you really want to know about us, me and my family, you know how we came from garbage to gold, you need to go to Ben Mala—whatever, on YouTube, I think, right?
Yeah, yeah. Oh, we got a YouTube channel, you know, and benmala.com. And if you're really smart, you're going to come to my hotel in Fort Lauderdale, which is only 20 minutes from here, 40 minutes, the Fort Lauderdale Sheraton Suites on Cypress Creek.
And we're going to do a live show. Me and my three sons are going to be there helping folks get to where they want to be in real estate, making money.
Yeah, Friday, September 10th and 11th, benmala.com live. Get your tickets or get the room package. If you book a two-ticket deal through a room package, you get a two-room suite for free. Two people come to the show, and you're staying at my hotel. We're gonna have a real estate party, man.
All right, I plug my show, I plug my tickets. I'm getting the fuck out of here. What else you want to know?
I came from garbage for nothing. All right, very dysfunctional family. If anybody out there ever been to New York, okay, I came from the projects in Bar Rockaway.
All right, yeah, 540 Beach 43rd Street. All right, where you took your life in your hands when you were a kid even coming down the street. And if the people didn't get you, we had wild dogs in the neighborhood that would chase you down the street.
I mean, it was a really depressing place. All right, Google the address.
So, you know, I grew up in New York, very dysfunctional family. Mother was crazy. My father was—I don't know, you know, I'll just leave it at that. You know, I don't want to go too deep into my personal feelings, just in a psychiatric therapy session here.
My mother beat me. My mother was arrested for beating me so bad, and back then they didn't even have child abuse. Damn! So she was a mean bitch, let me tell you. She's crazy. She's fucking crazy. What do you want me to tell you? It's the truth.
But where's your mom from?
She was from Brooklyn. And you know, typically, listen, the fact remains is that 99% of my family are in the loony bins, and I was the 0.101 that was sensible. Why? Because I always thought about making money.
All right, fuck all the dumb shit. I want to make some money. I don't want to live in this slum the rest of my life, right?
All right, so, you know, growing up in New York, you know, I had a lot of street smarts. I hung out with the worst of the worst. I can't—you know, I mean, most of them, I'm sure they're all dead now, people I hung out with.
Yeah, I mean, we're talking it was not a place you want your kids to grow up. All right? And we could be here for hours to talk about how bad the neighborhoods are, you know, and it's a shame that we still have neighborhoods like that. It's ridiculous.
That's why my whole career was basically affordable housing. That's how I made my money. Yeah, because I could hang in those type of neighborhoods.
So I went into real estate where at the bottom nobody else wanted to be there. So I got my ass in there. I didn't give a fuck. You know, my first job, the guy handed me a big fucking ring of keys like you see in the jails. He hands me a big fucking ring of keys and a .38.
And this stupid fuck leaves like one bullet out of the fucking chamber. Around, who the fuck is your gun, and you ain't got all the fucking bullets in it? What happens? I had to defend myself, pull the trigger, and I hit that fucking missing goddamn hole in the fucking round barrel.
You know, anyway, that's another story. All right, so basically, I grew up in a really fucked up place in New York. I bounced around New York, lived in Manhattan, Hell's Kitchen, and Brooklyn with the gumballs. I lived with every—and let me tell you something, and you grew up in fucking New York, color don't mean shit.
All right? I don't give a fuck what color you are. You know, you're either making money or not. It's a fucking rat race. When I grew up, I'm talking '70s and '80s.
Yeah, all right? It was just in the '70s, especially in your show. You know, I grew up in New York. Luckily, you know, I got a lot of trouble when I was young, but I wasn't a violent person. You know, only if I got to defend myself.
But, you know, so it wasn't for me. The criminal life, I'd be dead right now. I was supposed to be mobbed up and ganked and all that shit. Wasn't for me. I wasn't that type of person. I knew I didn't belong with them, but I learned a lot of shit.
You know, my teachers growing up were pimps, dope dealers, stick-up men, mob guys. That's the people I learned from. But I always tried to turn it into something positive, right?
All those skills of being able to wheel and deal and hustle and all that shit. I never graduated. I never went to high school. I graduated maybe junior high. You know, and by hair, by a fucking real thin line, I graduated junior high.
Go to summer school. Summer school that year was actually pretty good because they sent me to an old girls' Catholic school. So most of the girls' kids there were girls in Catholic school. They were struggling, you know? So I'm sitting there with all these Catholic little girls. This was a pretty good summer.
Anyway, I grabbed, you know, and then went to high school. I did a lot of, you know, stupid shit, and that I can't go into because I'll—somebody might be listening for the feds here. We got snitch.
Basically, you know, I went to court one day, and the judge tells me, he says, "Okay, big shot, what are you gonna do?" And luckily, back then, you'd go in the army even if you had a record, as long as it wasn't violent.
So I went to the judge in court that day. I had the bailiff on my right, ready to give me about 18 months, and then I was 17. So they told me that if I became an adult, 18, I'd be a real person.
What would you—what are you going for? I'm not telling you. Anyway, and on the left, I had the recruiter. So the judge goes, "Okay, big shot, what the fuck are you gonna do?" And I just went, I stood there, and I looked at him, and I saluted his ass. I turned to the recruit and said, "Get me the fuck out of here."
And that was it. That was the end of my pretty much my criminal career, and it saved my life, you know, because everybody was dead. I watched shows on those mob shits, people I didn't know personally, but I was around because I was so young and low on the fucking totem pole.
You know, anyway, so I went in the fucking army, and that saved my life. Got me the fuck out of New York, took me to Germany, took me here, took me there, and then they sent me to Oakland, California.
Are you like Italian? Is that your background?
I grew up around a lot of Italians, but you know, I don't understand. You know, my family's Jewish, okay? But what the fuck country is that? There's no contradiction. They're not from Israel, so I don't know what the fuck.
I remember mutt, you know, we're like a bunch of Jews that were kicked out of all these countries because nobody liked us, and if we didn't leave, they'd kill us and all this shit. So my grandfather came to New York on the fucking boat to Ellis Island in like 1907 or some shit like that.
Oh my God.
Hey, way after this country was really fucked up. He wasn't here when shit was really fucked up.
So anyway, I don't know me for shit.
Um, anyway, um, point is, I went to the army, saved my life.
Yeah, and then he sent me to Oakland. I was in the army, and I rented an apartment where all the other soldiers rented.
Yeah, and I had a kid at 18 in Germany. So damn, when I was 21 and I hit back to the States, I had a three-year-old, and his mother was—I don't want to go into that. It's another story.
I was raising a kid by myself at three years old, and I was fucking 21.
Wait, is that him?
No, that's my middle. I have three kids.
Oh, indeed.
Jeez, three boys, three different mamas. You got a problem with that?
Barbados!
All right, we don't want to go to Barbados.
Fuck, you got—it's zero.
Mr. Connecticut over here.
I don't even know. No offense. I almost said something I get in trouble for unless you could kick my ass.
Question for you. So what year was this when you were 21 now, and you said you were in Germany? What year is this now?
All right, '65 I was born.
Yeah, all right. When you are in '82 or '83.
I was in Germany '83, '86, '87. They sent my ass to California to Oaktown.
All right, and let me tell you something. I thought New York was a tough fucking place. Oakland?
Yeah, Oakland is terrible. I'm talking I was there in the fucking murder '80s. I mean, they were—fucking was jumping because crack came out, and it just fucked everything up.
Yeah, you know, so it was hardcore. You know, if you go—if you notice, I don't want to get too much into criminal shit, but if you notice—
No, continue, please.
There's not a lot of shit. When I was in Oakland in the '80s, we didn't have all that gang shit. That was all south of California.
Yeah, and Oakland, your ass go every fucking street, a motherfucker will take you down and pop a cap in your ass. Every street was a fucking gang or whatever.
Okay, and then we had—you know, I don't want to go too deep in it, but we had some serious shit in Oakland moving dope, and there was a lot of murders going on, and I'm in the fucking worst parts of it trying to make it in real estate.
You got to get in where you're fitted.
I have a problem with it because I could deal with anybody. I did get arrested once in Oakland, and as soon as I go into fucking jail, my name is ringing out.
Why? Because I rented to every fucking baby mama, grandmama, auntie, everybody in the city practically.
So you already had property at like 21?
No, no, or another guy.
All right, so what happened was I was supposed to get out of the army.
Yeah, all right. I told the guy I'm moving on. The guy was working for him.
Oh yeah, what happened was I rented the apartment in the guy's building. He had money. He had a nice building. It was nice at the time.
And then I told—listen, I started helping the manager out. It was an old lady, you know, managing a part building, all that.
And she, you know, I was helping her out, and then she accidentally fell down the stairs, and I became the manager.
You know, so the guy that I started helping, the guy, more and more, making more money.
And then I thought, listen, you know, the army's gonna give me like 50 grand if I re-enlist for another four years.
He said, "No, no, no, no, no." They wouldn't give me right up front. They'd spread it out, you know, of course.
So anyway, he said, "No, no, things are going really good. We can make a lot of money together. You're gonna make a lot of money with me," and blah, blah, blah, blah, blah.
And I knew he had money because I seen him putting a fucking live—I see the fucking cars, Ferraris just driving, all that shit.
And all this shit, I said, "Well, fuck it. You know, that's the best option I got is attack on his shit and ride his coattail."
So, you know, I started managing his shit. It turned out he was a Section 8 landlord builder. He built Section 8 housing.
Okay, okay.
And, but he couldn't run this shit worth to save his life. He built the shit. He made some money, but I could make—I made three times the money for him that he would have made without me.
All right, so he said, "Don't re-enlist. Get with me. You'll become a millionaire," blah, blah, blah.
And I played with him for a while.
Okay, so I worked for him, and I got the army, and then he had the pistol. He's the guy who handed me the ring of keys and the pistol.
And, you know, and then I started, you know, managing his shit.
How long did you work for him?
A few—four, five, six years from like what, '87 to '91-ish?
I got to Oakland in '87.
Yeah, all right, so '87. When were you born?
You were born in '91.
I was—I lived in a building I managed to be him on 8701 Hillside Street.
So, um, next to Cass about high school.
Yeah, um, that's where—is he going to have black California?
Is he half black?
Halfway, yeah, yeah, he's there. His mother was black.
Yeah, so you got with a black chick.
Ben, listen, I—I don't see color. I don't remember California, but let me tell you something. Dabbles in the dark, and he's so good.
I was the only white person around, so what am I gonna do? You know, you got to get it wherever you can fit it.
So literally, I got it. But I sound something like that because, you know, Beth on a mentor took a risk.
He wasn't really a mentor. He got me. I worked, busted my ass with that guy.
Yeah, and he's flying around the fucking world living like Hugh Hefner with mansions and all this shit. My ass was deep in the hood, you know, dealing with dope dealers and all kinds of shit and renting apartments and, you know, fixing them up.
He just left you with all the shit.
Hey, it was a smart move for him. It was a smart move for me.
Yeah, so then after many years of working for '91, you left?
Well, he was born in '91. I said, "I gotta get the fuck out of here. I'm not gonna raise a kid in this fucking neighborhood."
Yeah, I'm sorry. So he made me some promises he didn't keep.
So I said, "Well, fuck it. With the experience you get working in a rough neighborhood, yeah, you could go any fucking where as a walk in the park."
Yeah, all right? Once you've been east of West Oakland and you managed to sit there, I owned the house.
You knew who was killed in front of you?
Newton?
That name sounds familiar because he was the guy who saw the Black Panthers.
There you go.
Okay, this was the wife's surroundings. You know, he got out of jail, and he didn't want to stop smoking, so he got popped.
Yeah, anyway, really, the guy killed him was because he wanted to move up in the gang he was in, so he made a name for himself by killing you.
He knew he was a fucking idiot because he really was a really smart guy.
All right, well, you know, if you could just not get high, he was really smart. I know that for a fact.
But anyway, wow, you gotta be off track now, man.
So this shit made me promises he didn't keep.
Yeah, he's living large. I'm still stuck in the hood. Now my wife had a baby. I'm not going through this, so I took a job with a big shot company because I knew I could handle it.
Yeah, and I worked for them for a while, so I got exposed to the corporate right way of doing shit.
It was a big company building shit in San Francisco, but they had a lot of affordable housing and shit. I specialize in affordable housing, right?
Okay, whether it was with the city, the state, the federal government, I didn't give a fuck. If you're gonna get money from a source, I'm gonna learn how to get that money.
Okay, and that's the way I did it. So I worked for that for a while. I went up as high as I could with them.
I'm not going away with these rich ass fucks. They're not letting me in the circle.
Fuck it, I'll go up on my own. While I was working for them, I started buying crack houses.
What's so funny about that? That wasn't a joke.
Where'd you buy them?
At Sacramento and courthouse steps when they auctioned the shit off because nobody wants them.
The fuck? People that owned them were afraid to go to the goddamn neighborhood.
Please don't come to these neighborhoods.
Yeah, you bought in Oakland?
Yeah, I didn't give a fuck. I'd be on a courthouse fine, shipping 20, 30, 40 grand. Your place is all boarded up.
I'll unblock the fucking—Vincent was few. We used to ride around with me. I had my kid riding around the car with me, paying to do work and all kinds of shit.
I was hustling shit. So in West Oakland, I opened up the fucking boards off a house and go in. You might find a fucking skeleton in the claw in the bathtub.
Wow!
All right? Wow, that's the kind of place. But I fixed those shits up.
I found some—got rid of the bodies, about whoever's hanging out in the street. A lot of times, believe it or not, people get hooked on drugs, but they got talent.
You just got to balance it with their drug problems. So I have crackheads and heroin addicts working for me, fixing it up.
And I take a piece of shit hole, fix it up to meet decent standards.
Yeah, all right? I put it on the Section 8 market. I find a decent nice family. You know, sometimes not just a nice family, whatever.
I filled the motherboard up. I rented it out. Now the piece of shit I paid 30, 40 grand for is now breaking in $1,500 a month.
Yeah, there's a lot of money back there.
Yeah, yeah, it'd be like a three-bedroom. This is what, '92, '93 now?
Yeah, we're in the '90s.
Yeah, you know, all through the '90s, I hustled my shit.
Yeah, I was buying up every fucking thing I can.
All right, and then I actually opened up an office across the street from the housing authority.
So when people got this Section 8 or landlords had problems, I was right across the street, and the house started loving me because they taught me well.
The house authority going out working with them, right into Section 8. I learned the whole program, how shit works, how shit works.
So landlords come in and say, "I'm done. I'm tired of shit. I'm afraid to even go to my property. Here's the keys."
All right, how much you all want? Oh, 20, 30 grand. Fine, I'll take over the banknote for now, and I'll pay you off later.
And I mean, it was a good time to be in real estate if you had the guts, the balls.
Yeah, and you know, I never went nowhere without a gun, but luckily nobody ever tried to get my ass or fuck with me because I know how to deal with people.
Yeah, I can deal with anybody. I don't give you a bum on the street or you're fucking Donald Trump.
I even met Donald Trump's ass.
All right, that's a comedy show.
He said, "What a fucking comedian."
Before obviously being a president or what? Did you meet him in the '90s, early 2000s?
No, I just met him, I guess, when he was running. He lost for president.
Oh, he's in my neighborhood because I live in a high-end area, and he did a small thing to raise money.
So my friend said, "Hey, come on. I want you to meet him." And we went there, and only about a hundred of us.
And he stood on stage as close as you are to me, and he put on a good show. It was like a comedy show.
Just, you know, you got to realize it's all fucking comedy.
Yeah, you know, I like Donald. People got hate on him. You know, they're all too fucking old. He's too fucking old.
Biden's too fucking old. They don't even know what the fuck they ate for breakfast. Who the fuck wants to run up country?
I mean, give me a break. Honestly, you're supposed to fucking retire in 62 or some shit. You get social security, but you'd still be president.
That's ridiculous. That's a fucking CEO type with a fucking brain in their head that gives a fuck about people to be president.
Stupid. All the old ass guys. Old guys are setting their ways. My friend Jimmy Hart is old. He's my best friend, but you can't argue with old guys. Stay away, and that's it.
You know Jimmy?
Yeah, so anyway, where are we at?
All right, so I brought a bunch of people inside. Tons of fucking management experience.
Landlords would pay me to hustle and just rent their places out from whatever. I got my experience, and then after that, I started—my partner called me back, the guy that I dumped, you know, that got me started.
Yeah, he said, "Please come back and manage my shit." So I said, "Fine, I'm on my own now. I'm not working for nobody. I'll manage your shit, but we do any deals, we're going to be partners."
Enough of the fucking money, and I'll do the fucking deal, and then we'll be partners.
He did help me with his—he had a big line. You know, he had money.
Yeah, you know, so I used his money to make my money, less money.
Okay, so we grew together. We ended up owning, I don't know, a thousand fucking apartments all over Stockton.
You know, I was hustling shit. I'm fucking 30-something years old. What the fuck am I supposed to be doing?
Yeah, you know, so I'm making money and growing, and then I got pretty good level.
And then in 2004, I just said, "I gotta go," you know, because now I'm up to my third wife.
You know, I know she's gonna wanna have a kid. She's 20 years younger. I want to start a new life. I ain't raising no more kids in Oakland. I'm sorry.
We got to go to Florida.
So you spent over a decade there?
18 years.
Oh, fuck.
Okay, 2004, we moved to Clearwater, Florida. Bam!
And you know, I felt like I did my homework first. I knew there were two places I could make money: either Las Vegas or Clearwater or the middle of Florida.
Not South Florida, not country-ass North Florida. Right in the middle, Tampa Bay. I can make some money there.
I do my homework with real estate. You know, real estate, okay?
Yeah, or go to Las Vegas. I wasn't going to raise no kids in Las Vegas. I had an 18-year-old wife on Marion. I'm not having my smart ass exposed to all that shit.
18-year-olds?
How old were you when you got married to her?
20 years older.
So you were—you were 38, she was—
She was 18.
I don't like Connecticut. I don't like Connecticut, so you're correct, sir.
Anyway, I hate it.
So anyway, yeah, we moved to Florida. I started doing the same shit here, but at a better level.
I started buying nicer shit, you know, affordable. I started moving up a little to B properties. I got some A properties.
I hit the market at the right time.
And you know the audience, can you tell them what the difference is between like a C, B, and A property for the people out there that want to learn?
All right, I mean, a C property is a C neighborhood paying a C rent.
Yeah, a B property is a B neighborhood paying a B rent.
Right, right. Now we're in a fucking triple A property.
Yeah, can you give them like, I guess, exactly—does anybody know that you guys are in this room? It's like somebody—the people that own this fucking condo know that you're in here right now?
Yeah, don't get me fucking arrested.
What did you do for the feds? What'd you do? Did you talk about it?
Yeah, what did you do?
I was a special agent of Homeland Security.
Uh, you know, at the airport?
No, no, no, no, no, no. I was not in the airport.
What did you do? Drugs?
Yeah, how much? How many times you shoot steroids up?
Yeah, let's be honest.
I've never done steroids in my life, surprisingly. I wish.
All right, I'm only 200 pounds, man. I'm not that big.
He said, "All right, the guy was hanging out yesterday from Africa."
Fucking ripped.
Yeah, that's my brother.
Oh yeah, yeah, he's from Africa.
Real?
No, not Barbados.
I'm laughing.
Yeah, you got ten wives there.
All right, what else?
But the first one will kill you.
So, where were we at?
We were talking about—oh yeah, no, at the A, B, and C property.
So yeah, so I'm here to help people tell them to get into real estate and all that shit.
Okay, I'm not finishing my life yet unless I got to—
Fuck Florida. I started doing more shit. I bought a thousand apartments that I thought were a good deal in Texas.
I sent my oldest son out there to run that shit. We made a lot of money.
We went to the roughest neighborhoods.
Where in Texas?
Houston, Pasadena.
Yeah, yeah, but the problem was the fence kept coming in, chasing the fucking immigrants out.
Fuck my life, and they're fucking me up because I'm getting all these apartments empty.
Where the fuck do all the tenants go?
Oh, I don't know about you federal people, Homeland Security.
Event, I gotta say, man, if real estate didn't work out for you, the comedian part would be excellent.
Yeah, you're hilarious.
My father told me to be a garbage man because they had good benefits.
Anyway, so what else we got?
All right, basically, I'm here today to tell everybody, yeah, if you want to watch a real—no offense—in real estate, you need to go check us out on YouTube and see what the fuck we're up to.
If you really want to learn real estate, you want to come to our show at Fort Lauderdale, September 10th and 11th.
Okay, I'll be there. My oldest son Ben will be there. Biscuit will be there. Aaron will be there. Everybody, but they all got experience. Even Aaron's got experience.
Yeah, yeah.
Hold on, you didn't even—you didn't even talk about me. You forgot about me.
And he watches Top G. He does a good impression. Can you do it real quick? Come on, give us something.
All right, Top G, I'm a Top G. Come on now, I'm a Top G.
All right, but honestly, honestly, what did you do today?
Me?
Yeah, what'd you do today?
I was filming with you all day.
What were you doing?
What did we do?
We went on—we actually went on a private boat ride on the Thriller.
The Thriller today, they said, right?
Yeah, he was doing tricks with it.
What is his name?
[Laughter]
[Laughter]
Okay, guys, from this point forward, we're going to read only 20. I'm going to read these chats from before.
First, BBC goes, "There was not one, not two, not three before baddies in Rolls Royce last night, and I only clapped the cheeks of one."
Last time, I'ma say this: if she ride in a supercar, she better be riding me the same night. Unacceptable.
All right, Fresh, can you read these or get my glasses?
Last thoughts, two bucks says, "Love the money talk."
We got Mick Tavis says, "Thank you for everything from South Korea." Shout out to you.
Oh, Eva Simonas, 20 bucks says, "Ben Mala, you are a rich man. You deserve a life of true longevity. I have two words for you: intermittent fasting."
I eat very fast, and I'm already eating.
Okay, I went to the fucking juice last night for dinner.
You look carbonated.
Carbon, you love it.
All right, guys, Deep Dish Pizza goes, "One another slice, two bucks."
Okay, fatso, chubby, two bucks. Thank you.
This man is a national treasure. Please stop smoking, Ben.
And that's five bucks from Target.
Sitting here in this fucking place, and then I'm gonna take the fucking mic.
I'm going out there below accord. I'm having a fucking Newport.
June Foster, two bucks. Thank you so much.
716 is off topic, but where can I find a good YouTube video editor?
Upwork, Fiverr.
Yeah, tell us. We need one.
Two only has one.
Doug?
[Laughter]
He's your friend?
No, he's my wife. He's in the back right there by Chris.
You know John Depart?
The 20 bucks goes on. "I love you. My family is selling one of our businesses. We'll be sitting with three million cash, but got good credit. We want to invest in real estate. Where should we start in this changing market? We're in Orlando."
All right, I'm gonna check it right now.
There's only one place to go in real estate, and that's where I'm going.
I only tell people to do what the fuck I'm doing because I'll give you the same advice I would do.
The only thing I believe in right now until the market changes, all right, is necessity retail.
All right, something that Amazon and the internet can't fuck with.
All right, food. You can't go to Amazon and get a fucking sandwich.
Okay, food, grocery stores, nail shop, hair shop, anything that people need, services, necessity services is where the only place I'm looking.
There's nothing else makes sense.
Offices got crushed. Home and fuck them and told the whole world you don't need to fucking go to work.
Stupid ass. Not a fucking employer say, "Well, we don't need so much space. We're not going to write so much over space. We're not going to renew that lease."
So offices are getting crushed. Multi-family makes no fucking sense.
Okay, with interest rates going up right now, okay, multi-family should correct.
If things work logically, the problem is it's a cycle, and sometimes the cycle goes slow.
People don't want to swallow the fact you can't get the same fucking money you got last year because you're paying more for the fucking bar and the money.
Yeah, the same guy was out there qualifying for a million-dollar house. He don't fucking qualify for that no more, right?
Because the interest rate went up, so his payment went up. Now then it qualifies about six or seven.
So the price of real estate has to come down. When? I don't know.
But now's a good time to get in there and start lowballing shit.
No, I agree with that.
Fuck property on the market more than 30 days. The fuck?
Ain't selling. Go to that person and say, "Hey, what do you want to do? You want to sit here around, wait for some sucker to come by and overpay you?"
The market right now is 20% less. Here's my offer.
Lowball, play the game. You can always go up, but you can't go down.
Yeah, so, you know, now's a good time to watch properties that ain't moving that you like. Start lowballing offers.
If you piss them off, it's business. It ain't personal.
Yeah, you know, oh, somebody told me I'm insulted by that offer.
Fuck you! I didn't insult you. I offered you what the fuck I want to pay you for.
At least I'm a real bartender. It's not gonna jerk your ass around, you know?
The fuck? Trucker, do you better take that money.
If you don't take that, how much will you take?
You will find out what the rock bottom is.
Yeah, you may not get it for what you offer, but you'll find out what that person's rock bottom price is by the time the game is over being played.
Question for you. With lowballing offers, what are your tips? You offer 20 or under what it's at if it's on the market for 20?
Every 30 years is different.
Yeah, it depends on the deal. If I know I can take that property over and it's got some opportunity for some value-add or I could do a whole lot better than the smoke that owns it now, I'm gonna—
I'm gonna—it's all a factor. What can I do with this property? How much can I make?
And that's how much I'm gonna pay based on how much I think I can make on it.
Okay, it could not—not necessarily be a value add in my position.
It could be a fucking—I bought Publix's. I bought Winn-Dixie's. I've bought Home Depots. I bought Lowe's.
It could be a property like that where I feel like it's a good place to park my money.
You see, once you get deep in the game, you start having to find out about the 1031.
That's one zero three one in Barbados. It's not a fucking phone number either. It's an IRS code.
Once you get into that shit, then you gotta really start making some smart moves in real estate.
Yeah, because that's why you know you defer the tax.
Yeah, okay, you know, defer.
Yeah, mon.
Okay, the lady said, "Okay, I'm not gonna sleep with you tonight. I'll defer you to another night."
Living large in Miami.
Look at them. I grew up in New York. I grew up with Jamaicans. I was the dirty white Rasta boy.
Never happy. You give him a fucking nickel back, and he want ten joints out of it, and he keep knocking at the fucking door.
No, man, this bar got too many seeds into the stems. I need a better bargain.
How am I going to make any money? You don't give me ten joints out of a knickerbocker?
Yeah, you should make a comedian bring your hair with my life.
That's the way I lived. Everybody going to work in the morning because then you get fucked up according to go to work.
The last car on the New York City train where I grew up was the car you smoked in.
You smoked weed, you smoked cigarettes. It was kind of a rough car. Nobody rides in the last car unless you didn't get high.
There was no six going on, really, you know? But you'd be surprised. They try at night.
Anyway, what do you want to know?
So we're talking about—oh yeah, shout out to our boy Dale's.
I really want to know podcasts, all the books y'all got. Benny the Hammer, this man is amazing.
I love Wise Guys. He has my own Fresh Phil. Keep leading from the front, gentlemen. This is great.
Thank you so much. Where's my car?
Oh, fuck! Hell no! These fucks!
Let's get the fuck up out of here.
[Music]
A lot of Polish people.
So that I haven't heard someone use that term in a very long time, bro.
You're born.
So, okay, so you said the 1031 exchange. Can you tell people real quick what the 1031 exchanges?
You want to—
Fuck 1031 exchanges.
You just mentioned it.
I mentioned it, but why don't we start with—
All right, let's be honest.
All right, go ahead. Go ahead.
If you want to help people, let's help when it can really benefit from my time being here.
Okay, I don't want to sit here talking over people's heads.
Okay, all right, this is pointless waste time right now.
Everybody needs to realize you're just a fucking number. Bam!
You are a number. Nobody cares what color you are, how fresh and fit your ass is, your fucking red hat, what is that? Red watches or my glasses?
Rolex? LeBron James?
Anyway, it's all about your fucking number. Your credit report represents you. You're only worth with your fucking credit report.
Since you're worth, all right? And that's what's important. You gotta have your credit together.
And if you should ate together, get it together because that's step one.
That's step one. You can't make money in life unless you use the bank's money.
I wouldn't be fucking nowhere if I just used my own money.
Yeah, it's all about using the bank's money. You borrowed the fucking bank's money.
It used to be really low. Now it's up to four, five, six percent.
Yeah, you borrow that shit. You go ahead and make 20 on if you find the right real estate deal.
If you're doing a flip or maybe you're gonna just do it for cash flow and get 15 to 20 percent.
If I go out tomorrow, buy a fucking dollar store, right?
The dollar store is gonna pay me about sixty thousand, maybe seventy back, bro.
Say six cap, 60 grand a year, right?
Yeah, so the dollar store's paid is 60 grand a year. You got no responsibilities, nothing.
It's called triple net.
Yep, okay? This is where I park my money.
Then I go to the bank and I borrow 80% of it.
Percent of a million bucks, 800 bucks.
800 thousand, yep.
All right, now a guy like me, I used to pay really cheap. Now I'm still paying about—I don't know, I paid about four percent, right?
Yep.
So now I got the beta bank, 30, 32 thousand at four percent, right?
800 grand at four percent is 32 thousand a year in interest.
You follow me, Connecticut?
All right, now I got 60. That leaves me 28.
Okay, Barbadoes?
Yes, 60 minus the bank's 32 is 28.
28.
Okay, except Barbadoes is 29.
I got a special bonus there.
All right, so now I took my 200 grand invested, you know, with the bank's 800 grand.
Now my 200 thousand a year down payment is now making me 28 thousand a year.
I don't have a calculator, but I can tell you right now, 20, 10 would be 20 grand.
Yeah, 28 is going to bring me close to 15.
Yep, so I'm making 15 on the bank's four percent.
All right, powerful with 200 grand.
There you go. That's the kind of shit I do, but I do it on a bigger level now, you know?
So, but that's a—basically leverage is critical.
So would you say about leverage?
So could you go over what you own right now? Because I feel like people on our side, everybody right now, listen.
Yeah, if you want to get a two-room suite, you need to come to the Fort Lauderdale and Sheraton on Cypress.
You got to answer the questions.
Okay, I got a hotel called these rooms spilled.
All right, so you asked me what I own?
Yes, I just told you. Home Depot, Lowe's, that's all the fuck I got.
Now from my savings account, how many doors you would say?
And we just sold—we just sold about 600 affordable uses, some 500, but 90 million bucks.
Stalwart Capital here in Miami, Miami baby, that's when they're based.
They took us out of the apartment business after being here for 30 years.
We had like four apartment builders left. We weren't going to keep them, but then he gave us a number we couldn't refuse, so we took it.
All right, believe it or not, it was a hundred million.
Fucking interest rates went up. The fucking return—everything in real estate is based on a return on your investment, of course.
So now his return went down. My fucking price had to go down.
That's what I'm talking about. The market has to come down.
He's going to get a certain return for his investors.
Yeah, so he took 90 million and got the fuck out of here.
Now we're replacing it, but I'm not—you know, there's no deals to multi-family.
I look at a hotel if it's in the right location. Hotels are not real estate. Hotels are a business.
Yeah, a seven-day-a-week, 365-day-a-year business.
Yeah, my—the girl in the family I raised, she got us into that, but we're doing good.
Anyway, Coleman fucked us up, but you know, we got that PPP money, but we peed it away as soon as we got it.
Are most of your properties commercial?
No, residential. Like, you don't have any residential?
Four apartment buildings, affordable housing.
We sold them, but they were commercial, though. They were all the buildings, affordable housing tax credit.
You know where people—the rents are capped by the state.
It's so—it's—well, he's saying he's staying multi-family, and he's saying single-family houses versus—
No, I was—I was talking about like it was over four units, of course.
It was an apartment. There were a hundred-unit complex.
Yes, two hundred, what was it? 240, whatever.
Yeah, you know, we've had up to a thousand in one location at times.
But you know, basically right now we're sitting on a lot of retail.
We're doing commercial property. We got tourist property.
You ever—you haven't done this?
You've been in my part in Florida?
You've been to Clearwater?
Yeah, all right. Big Wheel, John's Pass Marina, where they got all the shit.
You got a bayside. We got a small version that with a boardwalk over in Madera Beach.
Okay, down there with boats and tourist boats and all that shit.
We got hotels, you know, we got all kinds of real estate.
We got the list go, you know, all kinds of shopping centers, a Publix, and then maybe 10 other stores.
We got the Chinese takeout. We got the hair. We got the nails on the back, the subway.
We got all that shit, you know, shopping centers.
I like those type of products.
Well, you want maybe like 100 buildings, 100 units?
Oh, we got—I don't know. I totally juggle about 25 to 30 assets at a time.
Okay, you know, and you know, so that's normally our portfolio.
We're just a small family business worth about managing about half a billion I have.
Okay, half a billion.
Okay, so I gotta change check lately.
We just sold off some, but then we got the money to buy new shit because that's the way it works, the fucking machine.
What we have to replace that?
Yes, we have to replace. We'll get fucked and get paid tax on it.
Yeah, I gotta change it to 500 million, man.
I had 250, so it's not calculated yet, so I wait for my account.
So sorry to talk to my counselor.
So there's Dave Ramsey, Grant Cardone, and Ben Mala.
Yeah, so who's the first guy?
What the fuck you think about Gordon?
You guys all on some level get financial real estate advice.
So my thing is, Ben, how do you stand out from other people?
Because I feel like you're special, bro.
Because I'm not here to sell you a fucking course.
I don't want shit from you.
Right? If you want to have a personal consultation with me, you know, then you're going to pay something because I got a fucking Polish guy that runs this shit that books it, and he's got to earn a living, right?
You know, we got the YouTube channel because it's fun, and I truly do like helping people.
Okay, I came from nothing. Everybody can do it. You just gotta have a fucking plan, and you gotta execute it, and you can't fucking get distressed or, you know, not yet keep trying.
You know, so basically, you know, those guys are in a different world. They do different shit, you know?
But one time, I was at the boat show in Miami, and I got a plane.
You know, so my right plane's like this little Dixie cup jet, you know?
And here it is, they parked it right in between Grand Theft Auto zones, big ass jets, and Drake on the other side in Bopalakka.
My little plate was right in the middle. I felt fine with that, you know?
Okay, okay.
I mean, fuck, Drake next to you enough.
Do what you can. Not everybody—you're gonna get again.
Anybody, I don't give a fuck.
Anybody does, I wish everybody the best of luck, you know?
But I just do what I do, and that's it, you know?
I ain't hiding, you know?
I mean, so I'm a big fan of your channel, man, because I feel like you're a family man.
Yeah, how long you been watching my channel?
A long time, in and out.
You have a channel that talks about family, investing in real estate.
I love the car section because I love cars, right?
And you bought, uh, 10 months ago, a Rolls Royce, I believe.
There's a EW that was a 2019, yeah, Rolls Royce EWB with like 2,000 miles off.
Out of all your cars, if you don't listen to them, what's your favorite and why?
You know, you can't really have a favorite because to me, cars—I have cars because you have to have cars that have a purpose.
It's like in my house, we got three garages on one side, and then we got three garages on the other, the one connected right to the main house.
My wife, you know, I give her closer to the house.
Oh, she's got groceries and shit, you know, kids and all that in and out.
So she's got her Ferrari.
Mm-hmm.
Right? And then she's got her BMW S7 or whatever what they call, you know, the soccer mom shit.
She's got the Ferrari when she goes to tennis lessons or out with a girlfriend or some shit.
And, uh, I got hidden cameras in them, so I'm worried to stop her from wanting.
I think I got rid of a Porsche that she likes.
So anyway, I gave her my Rolls Royce Dawn convertible, so she's got a big convertible, the Ferrari convertible, and the kids' car.
Nice.
All right, and am I—you know, these are practical cars.
You have a different car for a different purpose in your life when you get to that level.
Yeah, I got the big Rolls Royce, the big pop-up when I have like big shots to take around or if I want to look like a big shot that ain't fucking around.
When you pull up on a fucking brand new Phantom, they know your ass ain't there to play.
All right, I ain't got time to play. I got the money to fucking do the deal, right?
I scare the fuck out of it when I pull up to the fucking auctions.
All right, everybody's crowding around, ready for the auction to start.
Oh, I hear people.
Anyway, listen, you know, and then I got my fucking Bentley.
I love my Bentley Mulsanne because the Bentley Mulsanne ain't that regular shit.
What's that called?
Uh, Bentley GT, not the convertible, not the SUV, the four-door regular one.
Continental.
Hey, two points for Bermuda.
It's my work car.
Yeah, I got to run around. I use the Bentley massage.
Nice four-door car.
I don't sit in the back anyway.
I see the fucking front.
Okay, ain't nobody in the back of the whacked me.
Fuck you, you know?
I ain't worried about it.
So, you know, I got—then I got what else I got?
That's all I got.
I got some fucking watercolors, all the toys.
I got motorcycles, you know, trikes and shit.
Yeah, but my main car is the big papa Rolls Royce and the Bentley because it's practical.
Okay, and those cars are—I never buy new.
Okay, it's my fucking Rolls Royce.
The Bentley, the Bentley had a 400,000 sticker price on it.
I kid you not.
Watch the fucking video while I'm buying it.
I paid a book 50, and it was like two years old with 5,000 miles on it.
You know why, Ben?
You can negotiate.
So real quick for the audience, a regular guy working a regular job, how does he negotiate when in life?
You would say, listen, right now, the only thing people should be worried about negotiating is the fucking credit store to be where it needs to be and get into fucking buying something.
If you're paying rent, that's your first step.
That's it.
If you're fucking paying rent to a guy like me, that's why I'm fat.
Okay, because you paid me rent.
Now you need to convert yourself from being a renter to an owner.
Now, if you really want to be smart, because if you ain't settling down with a family, you got plenty of time for that shit.
You don't fucking buy a house. You buy a duplex. You buy a triplex. You buy a fourplex, and you live for free.
Bam!
And if you really get a good deal, you'll have income coming in, and everything in real estate, one to four is residential.
You know that.
That's right.
Yeah, that's what I have.
All right, FHA loan.
Your first goal in life, if you're just starting out, is number one, have your credit fucking together.
Go apply for an FHA loan.
Use the fucking government.
Why? Because they let you.
All right? Three and a half percent down.
It's thirty-five hundred dollars every hundred grand.
So if you want to go out and buy something for a half a million dollars, you're going to need five times 3,500, which is 15 times 3.
Help me out here.
Five times five is 25.
You need what? 17 dollars?
Yep.
You can buy a half a million dollar deal.
Damn!
And if you're smart, you'll buy a fourplex because the income from the fourplex helps you qualify.
You're walking into a money-making situation, right?
Yep.
And if you're paying rent, you're not gonna pay rent no more.
And if you're saving money, you're making money.
Yep, and tax benefits.
Dollars, it makes sense.
Thank you.
He knows something about that.
That's what he did first.
He got a triplex, lived in it for free, and, you know, and he was able to, you know, build up equity in it and then moved out.
Very much right now, you got cash flow.
But the first point you said earlier, why the fuck he—right now he's a big shot.
Yeah, I have a big shot.
I've got a triplex up in Miami, and oh, fuck that.
I want a nicer shit.
You wait.
You know, you want nice shit before you earned it.
That's the problem.
You're right.
You're right.
Because if you didn't have that five thousand dollar a month apartment, you asked when we get late.
That's why—tell the truth.
Your brain is on—you know what?
All right, you're not thinking like a money-making machine like I am right now.
How old are you?
29.
29?
You ain't fucked up fancy cars, and your Betsy ass apartment ain't nobody give a fuck.
You're right.
All right? You can replace all those girls with a 30 hook or a 50.
Now you're like, "Were you kidding?"
You'd be cheaper off going and buying a bucket hooker, spending all this money on your fucking cars and your apartment just to get laid.
I mean, stop.
You know you're a fucking girl.
You're almost dirty.
Wait, so I can't want it for myself?
Listen, you ain't got—you don't deserve it.
You didn't earn it yet.
You got a million dollars in a fucking bank, and a million dollars ain't shit.
You're right.
You got a million dollars sitting in fucking stocks or bonds or fucking anything, even Bitcoin.
I was Bitcoin.
You got it.
Don't tell me you invested in the Barbados Bitcoin.
That motherfucker's bigger coins.
Those coins, coin.
Yeah, anyway, whatever.
Listen, all I can tell you is you gotta fucking pay your dues, and you gotta suffer for a while.
Yeah, and you gotta accumulate your wealth.
Then you worry about shit.
Then you worry about cars.
I don't worry about a fucking car.
I don't give a fuck about a car.
Car don't mean shit to me.
That's when you buy a nice shit in life when you ain't got to worry about it.
My fucking mortgage is 30,000 a month.
I don't give a fuck.
That's like non-existent because that's the level I'm on.
You want all the nice shit, but you still fucking parent like, you know, come on.
You could own a fucking car.
How much that—how much you live in a car, don't you?
Yeah, right?
Apartment?
Apartment.
It's a condominium department.
You have one owner.
Was the whole building owned by the same owner?
Same owner, the whole building?
Yeah.
How much would a condo cost equivalent to what you're living in for rent?
Maybe like 500k.
All right, so you'd be fucked.
It'd be cheaper for you to be the owner.
Now you waited too long.
The fuck?
Interest rates went up.
Fuck living there only like five months.
Five months, so 25 grand you pissed away.
Anyway, it's up to you doing a fucking fish fry and vomit on Sunday and have a good time at the big roast.
Yeah, is this a wrong session or is this a podcast about you?
I don't know.
Listen, you really want to learn real estate?
Yeah, go to a real YouTube channel.
It's called Life for Sale.
But now, these guys are cool.
Listen, you guys are here doing positive shit.
Yeah, all right?
Believe all that other shit alone and focus on helping people make money.
That's what I'm about because if you have money, you're fucking happy.
Show me somebody who's fucking got a whole bunch of money.
Money don't make you happy.
Sure makes my wife fucking happy.
She don't say shit to me as long as she can swipe that fucking Amex card.
She don't leave.
She leave me in a book alone, you know?
I wanted not to leave me alone, then she takes care of me, you know?
I mean, money—let's see, everybody says all that shit about money ain't gonna make happiness.
Money will make you happy, fuck yeah.
Try being broke.
How many broke fucks you know that are happy?
Yeah, I've always said money doesn't buy happiness, but it's a damn good down payment.
There you go.
You got money, that solves problems.
Yeah, you know, all kinds of problems.
You get better health care.
You get—you know, you can have nice shit like him.
You know, man, you know, I think having money gives you like experiences that you might not have from in the past.
So like having money opens opportunities.
Now you can do more shit.
Yeah, and your kids can go to fucking private school, and you can live in fucking nice neighborhoods.
When you get sick, you know what I was coming up with my wife too when I met my wife, the fucking bullets were ringing out.
She'd sleep under the fucking bed every night where she lived.
Wow!
When I bought her fucking apartment, I bought the building, and she was there, you know?
Another story, but nobody wanted to hold upon building the whole fucking city.
Nobody wanted it. It was too fucking dangerous, and it was a nice building.
This was in Oakland, built nice.
Yeah, okay, on Bancroft.
Yeah, right near the Eastmont Mall.
It was a nice building, but the neighbor was just too fucking rough, you know?
So I came in there and fixed it up and blah, blah, blah.
Question for you, Ben. What are your thoughts on—because you mentioned using leverage before.
It's used in the bank's money.
Do you—what's your thoughts on cash deals?
Don't do it, or there's a certain situation?
If you got that kind of cash, I'd much rather put down two hundred thousand dollars on a deal than a fucking million.
Yeah, that's the boat that I'm in.
Yeah, all right? Now, if you can put 20 down, yeah, you're going to pay the banks of interest, but I'd much rather keep the rest of that money in the bank because my 800,000 is sitting there in tax-free bonds making four or five percent.
Yep.
Or, you know, or do another deal or buy—when we're doing some shit.
I don't—I could make your money in other ways.
Yeah, I mean, right now, you could almost—if you're playing it safe, you can at least put your money somewhere safe.
You ain't gonna worry, and I could get about four and a half percent tax-free on tax community bonds, which are tax-free, which makes them worth like seven or eight.
What's that?
Whatever you put tax full bonds, tax-free.
Like if, let's say, Miami wants to build a new water plant, yeah, they want to raise money.
They gotta create a bond, so people buy into that, and they know the water company is going to pay them.
Yeah, and the city's backing it up, and then the state's backing up the city, and the federal government's backing up the fucking state.
Yeah, you can't lose.
You never lose on a municipal bond.
Yeah, so if you park a municipal bond with a million bucks cash, you can get up to 45.
It's going to go higher.
Okay, used to be 50 grand a year tax-free.
All right, so you're on bond.
You can borrow up to 90% of its value for a very small margin rate.
Oh, damn!
Wow!
I don't know how safe it is.
It's the fucking government.
It's a municipality.
You think Miami's gonna go broke?
Fuck no!
And even if they did, somebody's gonna come bail them out.
Wow!
All right, so bonds, real estate, any—are you in cryptocurrency as well or no?
I don't—that's another generation.
Okay, my son, my son, my oldest son, hey dude, I'm going to take the office over at John's Pass.
We ain't use it.
I'm going to put a fucking—about 10 machines in there.
They're going to do—what do you call it?
Bitcoin mining.
Mining?
Yeah, now he's a fucking Bitcoin miner.
I said, "Yeah, how much you gonna make?"
I think I'll make about 300 bucks a month.
You're fucking helping me find 90 million dollars in real estate.
You tell me about 300 bucks a month.
Anyway, we got into a fight as usual, but you know, let him do what the fuck he wants.
She makes me a lot of money.
All right, there you go.
I think he's doing well for personal satisfaction that he could do it without my help.
He can make money without daddy.
The problem is that's why I got those foreclosures.
Couldn't he did shit?
I needed to play support.
You're always looking for the next come up.
I mean, no matter what it is, it's what you taught us, so we're just using it back against you what you taught us pretty much.
So I can't imagine being this is your dad.
How do you operate him being your dad?
Like, fuck you see me see her?
Fuck quiet.
I don't say shit when we're alone, and the shit's going back and forth, you know?
Yeah, I figure I'm helping him by, you know, giving it back to him because a lot of people don't tell him the truth.
I tell him 100 questions for you.
How has he inspired you to do better for yourself, you think?
Fuck, I mean, fresh out of college.
I mean, he pretty much told me when I graduated high school, you're gonna do one year in college.
I didn't tell you that.
Yes, you did.
Yes, you did.
And whether you didn't tell me the way the economy was going anyway, yada, yada, party too fucking much.
You called me every fucking week saying, "Oh, you're done partying? You're done partying? Bring your ass out."
Not only did he party at school, he'll come home to visit, and he'll go to fucking parties.
He took the fucking dogs with him to a party and lost them.
Who the fuck does this?
So he is true.
That's only one fucking year, though.
The rest of my life, I knew was going to be slaving to him in our business, in our family.
I can use that word.
There's a lot of other words I got the credentials.
Don't worry, I'm not worried about it.
His mother's family is from Gary, Indiana.
Yeah, oh, okay.
So anyway, but fresh out of college, you know, all my friends are doing the four-year thing.
Fuck, fresh out of college, it was 2010.
I was out of college, and you know the economy or the market—the market wasn't doing so great.
So he was trying to dump his portfolio already because he saw shit going down, which it was.
So he's—he stuck me in Orlando while he was in Tampa.
So I pretty much went to Orlando, an opportunity.
I didn't—you give me opportunities.
You give a lot of people opportunities, and sometimes we have security, and some are sitting here on the couch.
So I went to Orlando. I was a leasing agent at the fucking worst property you had.
First of all, I told you stick me in the worst property you got that's giving you the most problems.
He was happy to.
He said, "You think you're big shit? Oh, you're a problem child."
So I figured you'd go with a problem.
So I was over there off the Old Cheney Highway in Orlando.
Didn't somebody say was they were in Orlando a little bit?
No, that was somebody else.
Oh, yeah, but anyway, Old Cheney Highway in Orlando on Cimarron and Old Cheney.
Shootings every weekend.
That was like 150 units in the hood.
Half of it was Section 8. Half of it was drug dealing.
Half of it was all sorts of shit that I was like, "God damn, he been doing this building."
Orlando had a triple homicide.
Yep, and then none of them lived in my building, and then they want to sue me.
Oh, cause one dope deal came in and shot three other dope dealers.
The lady goes, "Well, I forget the guy that shot my boy, but I don't expect the landlord."
What the fuck? Crazy bitch!
I mean, you hear all these Orlando rappers talking about Mercy Drive and all that.
That's—yeah, police, they stole the guns at a police car.
The police said, "You want us to come here? Fine, build us a fucking substation at the building."
I did.
I had to build a fucking cell or a whole substation just for the cops to—you built the station for the police?
Anthony wouldn't fucking come near.
Wow!
You know what am I gonna do?
I have a place to hold people and do shit, whatever, and anyway, I got out of that one.
Look, I sold it, made money, and if you don't—you cleaned it up.
I did the best I could, but you know, you can't change the entire neighborhood.
Yeah, you know, you can change your property, but you can't change the whole neighborhood.
That's why I should always buy—I always try to buy the cheapest property in the best neighborhood because, you know, you can always move up.
Yeah, so I mean, after that, I pretty much—I was at that apartment complex.
I moved in. I was there for like three months.
I said, "Fuck this. I gotta get out of here."
So he moved me, what, 10 minutes away to another 300-unit property you had, Magnolia, in a little bit nicer area.
That was probably a C from the D to the C.
So I started with the D. I went to the C.
But you guys gonna work every day at the D, but those fucks in the C, they did not want to pay rent on time.
So I had to travel.
I mean, literally every month, I went to two to three hundred units begging for rent.
Wow!
Knocking on the door, begging for rent.
The Section 8 ones?
Oh, not the Section 8.
No, but the Section 8 market, you know, there was a lot of competition, so we couldn't even fill with Section 8.
That's the problem, you know?
That experience, those prices.
No, when I got there, there was like—we have everything.
Fryers built fucking buildings in the ground, basically.
We built them. Everything we've seen, dead bodies in a fucking apartment.
Every distressed.
So first of all, no more.
We don't—he tries to stick to 100 units plus, which with him, I really hardly ever see him under 200 units.
That's just his quota is 100, but he's usually at 200.
So, you know, just the numbers work.
Hillary, more money, more—he'll explain all that soon, but I mean, it's so basically he put you in scenarios where you have to grow as a man.
Yeah, he'll put you in the morning, and then you better not fuck up.
If you fuck up, he'll figure it out.
He'll cut your ass off, or he'll put you in somewhere easier, you know?
And there's no way you're gonna fuck up.
I taught him collect the fucking rent, maintain the property.
I don't believe in running those fuck-ass properties either.
I'll spend money on a property, right?
And every property he bought, every property was a rehab.
It was distressed, whether the rent was too low, not everything had about 60 vacancies.
Can you imagine renting 60 vacancies?
And then him calling you on the phone, "How many fucking vacancies?"
I said, "59."
The next day, "How many vacancies?"
"50."
Oh, fuck!
How they can put—how many bandit signs out in the street?
Go around with flyers to restaurants.
I don't give a fuck if you got an empty fucking place.
That place could be making money.
You get that dude rented.
I hate a vacant space.
That's just money out the window.
Going to be getting back, right?
True.
And then you still got to pay the mortgage as well.
And what's your name, and how old are you?
Uh, my name is Vincent Mala.
I go Vince.
Hotels, real quick intro to the new gasoline. Yeah, he was in the WWE and every other damn place you could be in. Oh no, people in the audience are already going like, "Holy [ __ ]."
So I gotta ask you, because I know they're gonna ask, what was it like working with Hulk Hogan and all the other legends? Man, you know what? I was so blessed. I started in Memphis, Tennessee, with Jerry "The King" Lawler and Andy Kaufman back in the day when there were territories.
And then, of course, I had the magic phone call that took me to New York City. The first WrestleMania, by the way, at eight o'clock tonight or nine on A&E, we've got a special on WrestleMania. So I'm a part of that tonight. So if you get a chance, I want you to quit listening here, jump over there, and watch entertainment for this beautiful special.
But, you know, I've been so blessed by being able to do this. Ben had a property down in Tampa, Florida, called Hogan's Beach, and that was one of the major properties that he sold back then for big, big bucks. It was off the hook.
So I hung up, right? And so I was kind of down there autographing, you know, doing autographs, meeting and greeting the people every day since Hulk couldn't be there every day. And it just turned out to be a dream come true to meet this guy right here and his whole family.
It's just been unbelievable all these years, you know, being able to do three things: being still in professional wrestling, and I do a little bit of the music. I was part, before you guys were born, back in 1964-65 at Federal High School in Memphis. I had a million-seller record called "Keep On Dancing." You can look it up on YouTube, The Gentry's, G-E-N-T-R-Y-S, and which were with the Beach Boys and Sonny and Cher and all the groups.
We're rolling home, Shindig, Where the Action Is, American Bandstand twice. I got a chance, so the record company I was with in Memphis, I got a chance to meet Elvis Presley twice and wow, and Jerry Lewis and all those guys.
But like I said, my life has been blessed. Meeting this man right over here, Jimmy, did last night while these guys were out in the marina, Bayside, drinking and getting all messed up, except Aaron. He was just watching. I was there, me and Jimmy watched four episodes of the Mike Tyson special on Hulu. Wow, that was pretty good.
And I got to meet Mike a couple of times. About two, about three and a half weeks ago, I was in California with Snoop Dogg. We were promoting on the next April the first and second. WrestleMania tickets just went on sale a couple of months ago.
You know, you should be commercially doing on the beach with the beer. I wish I was sitting next to it, but my life's been great, and I'm doing what I love doing and being a friend of this man right here. He's teaching me on how we can look at property, maybe buy property and everything. So I really want to kind of do some of the things that he talked about today.
Yeah, but you got a show that's great. We watched it. Me, Vincent, and Aaron watched some of y'all's shows last night, you know, that y'all had previously done. I don't want to, so that was our job when we watched it. I said we give them an A-plus, man.
Thank you guys, thanks for having me. Right now, you guys focus on helping people make money, helping people get rid of all that [ __ ] that they got on buying stupid shirts today. Big deal, you walk around with a fancy shirt.
Listen, make that money before you worry about spending that money. Get rid of all that [ __ ] retail credit and car payments. [ __ ] a nice car. What good is driving a nice car if your ass is broke? I used to know people, they have a brand new [ __ ] car. I said, "Hey, how come you don't take your [ __ ] car out? Let it go."
No gas money. Well, you're a stupid [ __ ]. You're a [ __ ] idiot anyway. His life, it was an army. It was a big problem. Guys would always overspend, and they give them credit, and they have [ __ ] nice [ __ ] and they couldn't afford it.
You know, that's a good point. No, I mean, and this is awesome for me too because, you know, I grew up watching wrestling as a kid and, you know, watching the greats. Obviously, you know, Hulk Hogan, Bret Hart, Shawn Michaels, you know, then moving on into The Rock and Stone Cold Steve Austin stuff.
So, no, it's great to have you. When you mention Shawn Michaels, Ben showed this to me on YouTube, on Spotify, excuse me, on Spotify. He showed me something a couple of months ago where the song that me and my partner wrote for Shawn Michaels, "Sexy Boy."
You wrote that? Yeah, yeah. Ten million, two hundred thousand hits on that, and we did, wow, we did the American Dream, Dusty Rhodes' song. We did the Hart Foundation. We did the Road Warriors, just to mention a few. Million dollars, money, money, money.
So, like I said, we've just been so blessed by doing this and not know that. Oh, right. But being part, doing stuff with his family, and he's kind of taking me under his wing and trying to teach me on how to do this crazy business of real estate.
But I'm so grateful. You know, let's use you guys, your favorites. You get us in restaurants without waiting. You know what I see here? I see a real-life friend. Honestly, the friendship between you two, I can see it right here.
No, he's been great for me. I'm just telling you, when I needed him, right, I had a big-ass hotel and a big-ass bar restaurant in Tampa, and he was there every [ __ ] day ready to make that place the best he could and entertain people and greet people.
And he helped me out tremendously. He made the place feel real. Mm-hmm. So he liked the free room. Yeah, right. Thank you.
What's so cool about Ben, we were joined by three and four thousand people on the weekends. I mean, we had Skrillex there. We had so many of them. Yell, everybody was here, and Lil Jon's never been back since. I don't know what happened to that.
But we've just been blessed doing all that. And so, like I said before, I'm trying to learn the business a little bit too. Yeah, as I'm kind of winding up. Teach you, don't talk, do tricks.
Jimmy, speaking of olds, when he told me it's eight, I was like, "Oh, I didn't tell you." So I'll tell you that. Let me tell you about it. If anybody wants to know, just [ __ ] look it up. But don't look at Wikipedia because they've got me an age. They've got me one year older than what I am.
Seventy-eight years old. Seventy-eight years old, but Wikipedia has me at seventy-nine. Can you believe that? I can't believe it. But, you know, I've had a great life with the music, meeting all the people, you know, Dick Clark, tournament, very clean life around a lot of dirty. So it's been great, my friend.
You look great. Well, God bless you. Thank you. I go to dinner now. Yes, all right.
Cool, so I'm only gonna read only the hundred dollar ones here that came in. We don't get, oh, we got a couple. Yeah, if you lost it all tomorrow and all you had was 100k cash, what would be your first three moves? Salute to you, brother Ben. That's actually a pretty good question.
[Music] I would definitely try to leverage that 100 cash as much as I could. I'd probably try to find a way to leverage it into a half a million dollar deal. Okay, that was gonna make me some money. Make the most out of your money. That's what you do.
That's why you need the bank. The bank is the most important relationship in your life. Not your girl, not your wife, not your woman. First comes the bank. That's the most important relationship you gotta have because if the bank loves you, they'll take care of you.
And you take care of them by paying your [ __ ] interest bill every month. It's a simple relationship, and there's no [ __ ] personal feelings involved. It's just them taking care of you and being there to back you up on your deals and you paying them the damn rate you agreed to.
That relationship starts a relationship with anybody. Once you got that relationship, you get a relationship with anybody you want. Bam! Well said.
All right, and then the last one here, Aaron, you'll make more money buying the cryptocurrency instead of mining it. You would be almost up to ten thousand percent on HEX when I recommended you look into it over two years ago.
Okay. [Music] Thank you so much. And then, he said before, Ben, you just missed Richard Hart, crypto billionaire founder of HEX. I still want you guys to stream together. He's not into crypto, guys. He told y'all somebody to bury somebody, put him in the [ __ ]. That's what I used to hear.
So, um, you've said it a million times, but can you tell the people where they can find you? Go on YouTube, Ben Malat. We got a program called Life for Sale. And if you're really smart, you're going to go to benmalat.com/live, and you're going to get a room or you're going to get a ticket, and you're going to hang out with me and my boys all night, Friday night.
And no, I'm sorry, Sunday, Saturday night and Sunday night, September 10th and 11th, Sheridan Suite Cypress Creek, Fort Lauderdale. You better be there. Yep, and then we come looking for you.
And then everybody go follow, you know, his social media, Instagram at real Ben Malat. Yeah, Twitter, real Ben Malat. Go follow my Instagram at aaron_underscore_mylife. Vincent is going to soon have an Instagram, so watch out for Instagram.
I put their social medias below in the description as well. And then, Jimmy, where can they find you? Um, Jimmy Hart, the number four, yahoo.com. Very simple. No Instagram, no nothing.
No Instagram, baby. I know Instagram for me. You know what I realized a long time ago? On your flip phone? No, I wish I had a flip phone back there. No, but, uh, like I said before, if you really want to learn real estate, check this man out right here because he is the real deal.
Earlier, we're not here to rip you off and try to come in anything. I don't take money from anybody. I don't invest in waste money. I'll tell you how to invest it. I'll give you my advice. I'll try to help you. I'm not taking your money.
I ain't got some [ __ ] costs to sell you. I'm just telling you what I did and what I do and what I can think you should do. So you go to benmalat.com/shop and get a private consult with me.
How many other people do you know that have transferred hundreds and hundreds of millions of dollars in real estate that you can pick up the phone for a few bucks and call? Who do you know? No one does that.
Yeah, they're too busy. Yeah, when I help people, it's not the money. The money pays for the goddamn Polish guy. You know, I don't do it. I don't need the money. I don't. But it does give me a lot of satisfaction helping people.
And when people say, "Hey, you did this for me, helped me with this," young people trying to get on the right track, that's the best thing I could ask for. Okay, that's a personal satisfaction that I get.
Okay, so I'm happy to do it. All right, and wait, thank you so much for the 20 memberships, man. Appreciate that.
So guys, his hair hurts, man. But no, I'll say this, guys. Yo, check them out, guys. All the links are below, man. This is a great show.
Yeah, they gotta go eat though because Ben's hungry. Yeah, so I want some Cuddy Goodman. Yes, ayah. Okay, okay, we'll catch you guys. Love you guys.
[Music] Open up the limits. [Music]