LaVonne Idlette, OLY
@idlette
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Global Wealth Expert, Attorney, Mom, Olympian, Speaker: Helping Athletes &HighAchievers confidently invest passively & Active investors scale by raising capital
ÜT: 25.779105,-80.265365
Joined June 2009
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Pinned Tweet
My 2023 not so secret goal is to help 1000 high achievers invest into a cash flowing passive income investment opportunity…using an asset protected tax efficient vehicle would be the icing on top
Let’s go!
42 cities to go!
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My lash lady makes $1500 a day. She is in school to be a teacher… bc her mom wants her to have a “real job”
People who love you don’t always give you the best advice.
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I want to do a thread about the careers I know for a fact make six figures without professional degrees because I’m the only person in my family with a professional degree and almost everyone makes 6figures with or without even college degrees.
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My grandma taught me about life insurance. She bought land with the cash value on a policy she bought on me when I was a baby. She owns a million in real estate. Has 820 credit. Retired since 1992 and does whatever she wants
My grandma has never earned 6 figures annually
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Just so we are clear. Teachers do not make $1500 a day. Insurance can be purchased and you can start your own retirement accounts.
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Increasing income without increasing your bills and lifestyle costs is the cheat code to rapid growth
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A man with vision and a woman who can amplify it are unstoppable
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My friend went from detailing cars to detailing boats. Same skill set much higher price points.
Revenue went from 130k to 2million. Same hours and staff size
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If I know someone that can help you. I am connecting you. No strings attached. Just go flourish
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Normalize not explaining things you do with your money to people who didn’t give it to you.
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My dad told me at 14. You are the beneficiary of about $10million when I die but if I have to die for you to get rich then you are just going to waste it
Hit hard. Never thought about bequests again. Live forever. We good
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My granddad became a millionaire with uneducated laborers for parents in the segregated racist south.
He does not understand how people with internet, step by step instructions, worldwide access and unlimited access to books can complain about lack of opportunities
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If doing the most was a flipper. You are not building your custom dream home
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If you own multi family and do Airbnb in 1 or some of the units. Use a seperate entity to have a lease and pay a market rent to the building.
That is an expense to the Airbnb business
But it makes your property stay refi ready. We don’t use str rents in NOI calculations
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@RealMikeM
Lol. In this moment it was remembers why most award shows are tapped edited and aired on delay lol
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If you have capital gains from stock, real estate, flipping cell phones. Utilize the low cost markets and roll that money into an opportunity zone fund (a new LLC that purchases property or business in qualified opportunity zone)
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I offered this girl $3000 a month flat rate/40 hours or less and she said no she would prefer $15/hr
This why yall need to stay in school
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My dad developed 100s of homes for black people in the 90s with the goal that they would have equity and pride. Those 60k homes are worth 250k now. Real estate has power. Each of you building your communities are making a bigger impact than you know.
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One of my cousins I call aunt is like 65 and Her 7 figure investment account came from putting insurance on all the young people in our family that was in the streets Youngstown Oh
18 died from guns, drugs, accidents, etc.
Is Ohio really that bad?
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If you ever meet someone amazing. Tell them. Most people don’t realize how dope they are.
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@XaviercMiller
All of the above plus the amount of women saying they don’t climax says they aren’t satisfying anyone but themselves
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If you buy, flip, do Airbnb, wholesale. I wanna give you money
It’s lower rates than hard money and faster than banks.
Let’s talk.
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New Goal. 2021
Bring capital to underrepresented builders and rehabbers
Goal to provide the capital needed for 100 builders and rehabbers that do at least 10 deals a year.
Caveat: Each deal requires you to bring an apprentice along. 1000 new builders/rehabbers.
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It’s official, I’m not just mistakably fat anymore 😂🤣
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Get a spouse that stretches your goals beyond your imagination.
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@SheerOpulence2
I want to bring back shame. I don’t want no ones butt cheeks out at a family place. No one cares about your tan situation. Even out on your own time.
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This past weekend a 23 year old kid paid $6000 to present at this conference. He got the entire 100m in commitments in 1m traunches in 3 days.
It’s fractional ownership in luxury homes (fancy time shares) on market, paying cash.
It’s money out here. Change your rooms.
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FYI the worst place to raise money is in a room of real estate investors. Skip the reia meetings, real estate conferences and meetups.
Join a car club
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@brothergram
Women shoot their shot without it being overt 90% of the time. Men be chosen before they realize.
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The valué isn’t in the information. The valué is in the organization of the information.
It’s literally why people go to school. You don’t need the class if you get the syllabus and follow it.
Unlimited information is overwhelming. Guidelines make it manageable.
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@JustAnnalisa
People you would never date hate your preferences. It’s weird. You are looking for one man not to start community.
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Make sure you are the full package.
AND
You are at the right address where you will be received properly.
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@BKaBrooklyn
@themultiplemom
This is the only solution to all things. I don’t be knowing what them kids are talking about. I keep chick fila nugget boxes bc they don’t like homemade nuggets lol.
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If you are buying commercial. Multifamily. Anywhere.
I’ll sponsor non recourse debt up to $10m for 5% equity and a point at closing.
If I do the financing for it too. No additional points
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@DubQuoted
There is a difference between lazy and realizing life has choices. There are plenty of people who are into that and do that. That sound like the miserable ghetto to me but idgaf if someone enjoys that.
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Locked 1.875 on a 15 yr today. Money is basically free. If you are planning to refi. It’s time
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My homeboy made 10m in a pandemic with a Shopify store. He has every video in his 5k program in his monthly 40$ program.
Guess how many people in the $40 monthly has take any action … less than 5% have watched more than 10%
Y’all love the endorphins of starting new things
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@itsReallyRonnie
That’s what you are supposed to do. You are responsible for choosing a partner that wants the things you want not convincing them to think and move like you desire.
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A small group of black men closed on 1330 units in Houston yesterday.
I want them in Globe St. With the same energy those 3 cap institutional trades get
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The way your views change over time with exposure, conversation and learning is masterful.
I hope you are experiencing that
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@100kAintNoMoney
Wow inflation. I think I paid like $650 in 2007. I think I'm on the 5th care trip though. Louis repair and part replacement is the only reason to spend
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If y’all building together and the plans sound individual… you are being used
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Africa has 54 countries, that don’t really interact with each other at scale yet most of the world talks about it like it’s one place.
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@cashmoneymadu
I avoid this men type at all costs. But there are plenty of women who are into this and that’s fine too. Everything isn’t for everybody.
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If you are a flipper (rehabber) and you have 6 months interest payments and closing costs I can get you 100% of the purchase and rehab money and close within 2 weeks
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If I pull you at 740 and your bank statements has 230k. When they repull for closing and ask for updated bank statements, don’t embarrass me.
How in 18 days did you spend 150k and your score go down 80 points. 🤯🤯🤯
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I don’t trust people who don’t have any friends from 5,10,20 years ago.
Like nobody still likes you?!
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I’ve literally never met a person with real money that wasn’t nice and minding their business.
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@JoshuaOgundu
I’m pro ghosting because when I communicated lack of interest they spend time trying to convince and further waste everyone’s time
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I don’t do anything for free free.
It’s not because I care about the money.
It’s because people’s commitment to care is attached to money.
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I don’t care how sad of a story it is I’m not letting anyone else move in my house.
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My young nfl client has around $60k a month in passive investments from a portfolio of free standing NNN leases.
His teammates try and run the play without a team and quickly realize that it’s not a simple as We’ve made it for him
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Florida allows you to transfer Homestead property to Land Trust without loss of Homestead Status.
Why is Homestead important
(Thread)
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Passive $10k a month would change most people’s life. The 100k downplay is always wild.
It’s a solid enough foundation to not Depend on work for living expenses.
(If your living expenses is over 10k and you don’t make 10k passive, please start investing )
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The couple we had dinner with last night shared a car in 2012. They do $30million a year in sales at a 25% profit margin now.
Growing with someone you love and trust is top tier
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I will give anything you need to succeed except for my main contractors number. 🤷🏽♀️
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I grew up in the hood, we weren’t poor,I was always hood adjacent
I know killers, prostitutes, crackheads and drug dealers and I always thought they were nice. They cheered me on racing in the streets, applauded my good grades & always made sure no one bothered us at bus stops
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If you buy rural
Less than 100k residents
USDA has some great products
0% down on residential 5-10% down commercial
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My cousin got a new Wraith and everyone my family is like why.
He like bihh I don’t work everyday hard af to NOT do what I want with my money.
<<Energy >>
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Finance guy at Dealer: Mercedes customers don’t negotiate rate
Him: Idgaf about what consumers are doing. If we don’t get the rate We want we leaving.
😊
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If you are buying commercial. Multifamily. Anywhere.
I’ll sponsor non recourse debt up to $10m for 5% equity and a point at closing.
If I do the financing for it too. No additional points.
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I know at least three people who sell $10k+ Multifamily real estate courses and masterminds and they don’t own any and don’t work in the industry.
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School and degrees and courses just organize readily available information. You can be as educated as you decide you want to be.
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My bf likes to share news with me excited. I have learned to just be excited too rather than saying yea I know or read that already.
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Treat yourself the way you want others to treat you.
Speak well of yourself. Take care of yourself and kindly remove yourself from situations where people try to normalize not upholding that standard towards you
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One of my retired NFL guys just refinanced his rental quad from hard money to 3.375% 30 yr fixed. Got $100k cash out and increased his monthly cash flow by nearly $3k!
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This black history month I’m going to share stories of wealthy black people you have probably never heard of and maybe a few you have
🧵
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Sitting it outside and applying for property tax code change and reduction. Agriculture.
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Do you really want to retire or do you just want to stop doing things you dislike with your time?
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20m liquid can get you 1-200million in lines of credit.
There is nothing on your credit report that without assets that can get you anywhere near that.
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@JTLonsdale
@danprimack
Horrible take. If you can afford to be supportive you should. No one cares about what people who were living on survival were doing. Fatherhood is much more than bringing home a check
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The worst scam of this past decade was how wings got cut in half and counted as two and I’m not going to let it slide.
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Say yes and figure it out.
Big projects are scary to start but amazing when it finishes.
Grow your confidence muscle by working it through your fears
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Realtors have an 88% turnover rate.
Why? License doesn’t require knowledge of the subject & HGTV made it look too fun & easy
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It took me a very long time to wear my natural hair. Now I’m in my 💼
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Don’t do things before you figure out why you want to do them in the first place.
Most of the time you don’t actually want to do them and don’t realize until you are ten toes deep
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I’m so confused how many people brand is like I was broke last year now I teach you to make 6 figures and all the figures they made in the year is selling y’all ideas of things they have barely if ever done…
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The worst thing people my age bought into was that they were too old for roommates but not too old to be in relationships with people they don’t like just to avoid needing a roommate
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@Zoo757
Unauthorized practice of dentistry is illegal it doesn’t matter what you signed. You need to report her, that business and sue to get your money back and for however much it cost to have them Fixed by an actual dentist.
People just be doing anything and creating consent forms ?!
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Good people in bad situations, they can’t figure out how to fix are often confused as bad people.
I have met some really bad people character wise in my life and it’s the type so obsessed with money they will cross you and kill their own fam for it.
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It’s crazy how many people I know who don’t invest at all have been guilted by religion into giving their last to others.
$100 is risky to invest. But cheap for shoes or dinner. And just a little something extra to help a family member.
Require rewiring.
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I don’t buy into the if you can’t manage 10k you won’t be able to manage a million narrative. Mainly bc 10k can’t create enough income to not spend the principle and a million can.
Knowledge matters but capital basis matters more.
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Well this escalated quickly.
11/2021 to 2/2022
I was just rolling with the lab tech cause I really don’t see nothing but a blob in space 😅😂
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Don’t let realtors lie to you. If there is a church’s chicken, a payday loan or pawn shop…
It’s not gentrified and its probably dangerous outside sometimes.
Still buy it but know better
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Just like that. I talked, they talked. I joked, drank and laugh. They joked drank and laughed. $30m committed to the project. Debt. 8% no payments for 2 years. Interest only 3-5. Then a balloon. Exit year 4
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Confidence doesn’t come from always winning. It also comes from overcoming loss
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The discernment required to know where you should be persistent and where you should pivot requires silence and separation from outside influence
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Invest in the hood. But under no circumstances do you identify yourself as the owner.
There has to be a hypothetical white man who owns it or the residents will start making excuses to not pay you bro/sis
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Living in the nicest house on the block makes you a target. Don’t build mansions in middle class areas. My cousin learned this the hard way. Drone flyovers, random cop calls…why? Bored and jealous neighbors
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Hi. I’m LaVonne. Most people call me La. I enjoy long walks to the bank and discussing capital stack investment strategy. Who needs a deal partner?
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Did yall know that many of your hoods is being sold fractionally with securitized tokens in $50 traunches?
You can do that too! or you can passively with them!
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The ONE athlete out of 63 who listened now has around $600k a year in actual passive income that will last another 20 years on 5 properties he owns free and clear.
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Libraries exist in abundance. The reason kids don’t go is because there isn’t programming marketed towards bringing them in. 🤷🏽♀️
I actually never see anyone in the library besides in the computer section using the internet
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