Wholesale to Millions’ King Khang’s NFT Project: The Millionaire Club ft DR. JPEG

Unknown: Shout out to Steve Train. Jump on the Steve Train. We real estate disruptors.

Steve Trang: Hey, everybody.

Unknown: Thank you

Steve: for joining us for today's episode of real estate disruptors and Blockchain Wells. Today, we've got Kong Lee, King Kong himself with wholesale the millions and the millionaire club. And Kong Kong flew in from Seattle to talk about going from selling hair extensions at a kiosk to real estate to NFTs. If it's your first time tuning in, I'm Steve Trang, sales trainer, and every month, we help hundreds of people buy more houses at deeper margins. If you want more information about that, DM me the word sales on Instagram, and I am on a mission to create a 100 millionaires.

The information on this podcast alone is enough to help you become a millionaire. If you'll take consistent action, you will become one. The show is brought to you by the Whale Club. My newest venture with Paul Sparks. And if you get value today, please tag a friend below.

Share this episode right now. That way, we can all grow together. And this show is live, so ask your questions for Kong to answer. You ready?

Khang Le: Let's rock and roll, baby.

Steve: Alright. So we're gonna do this in two different parts.

Khang: Okay.

Unknown: So

Steve: let's start with real estate.

Khang: Okay.

Steve: So what got you into real estate?

Khang: Cool. Yeah. So, this gotta go back in when I was 27. So, as Steve has, oh, as Steve has mentioned, you know, we're we, our first business that got us kind of like a business owner, entrepreneur, was selling hair extension, like, a little kiosk in the mall for those of you who know. And about, '26 or so, the mall, Canadian dollars just drop.

And we figured, dude, we're not bringing any more income into this business. And the mall always threatened us that, you know, they're gonna shut us down because they got someone else that gonna come in that's gonna pay higher rent for the space, and they're gonna open to multiple location. And the wife was like, Kong, we need a plan b. So first off, I wanna let you guys know that I wasn't the one that say, hey. Let's get into real estate.

It was the wife. And, yeah. So we drove by Barnes And Noble one night, and, I remember her telling me, hey. Let's pull in. And, she walked down the aisle and, found a book called How Come That Idiot Is Which And I'm Not.

And a lot of That's

Steve: the book?

Khang: That's the book. It's a good name. It's a

Unknown: good name for a book.

Khang: Yeah, dude. I

Unknown: No. Attention.

Khang: Bro, because we look at it. We're like, damn, dude. So we're we're the two idiots here that wanna get rich, so let's go. So she checked out that book, went home, read it about it. I went on YouTube, watched, consumed all the guys' content, paid $7,000.

Unknown: Who is the guy?

Khang: Robert Sheehan. Dude

Unknown: Robert Sheehan. Okay.

Khang: Killer speaker, super good speaker, great speaker, very entertaining, and also

Steve: Is that the security buddy?

Khang: Yes.

Steve: Okay. Yes. Got it.

Khang: And, paid $37,000 or so, go three day seminars. They kinda teach us, you know, about, you know, calling people on Craigslist and all that, and that's kinda how it got started. But it took me about six months or so to actually found my first deal. And, I end up having to hire a mentor because, I I went through the seminars, watched all the videos, and all of that. Me for me, I know myself that I need a hands on coaching mentorship.

That kinda how I When

Steve: was this?

Khang: Dude, this back when I was 27. So 2012, 2013, 38 now. So

Steve: Got it.

Unknown: Okay. Well

Steve: well, I

Unknown: can relate to that. I I think that, you know, something that people tend to overlook, they won't spend money on the Gucci bags or, like, the, you know, their their car payment, to to look fancy. But I think that, one of the best investments I've ever made, and I've invested over 6 figures in mentors, but, like, that really changes things for you, especially when you have those calls, when you have that hands on experience. When if nothing else, it will distill the information and and and really change your your concepts and your belief system around, like, oh, wow. They did it.

I can do it too. So

Steve: Yeah. That's awesome. So you reached out. So you talked to Robert. Yep.

You attended this event,

Unknown: and

Steve: then you said, I need a mentor.

Khang: I I actually met Mike Fitzgerald at, the seminars.

Steve: Okay. So Was he getting coached there, or he was just hanging out?

Khang: No. So he actually came out as a guest speaker. Okay. So you know how Fitz is. So he he walks into the room.

He's like, dude, I can help what you find to do in fifteen minutes. I was like, dude, what? So he went over there, looked at our computer, whatever we're doing, then he said, hey. This deal, call the seller up. So, anyways, the wife said, Kong, we need to get this guy to mentor us.

I say, blonde, dude. Like, who are we? This guy's a multimillionaire. He's not gonna even pay attention or wanna talk to me. But he said she said, Kong, if you don't get that guy to mentor us, dude, you're not leaving Florida.

I'm going home, but you're not leaving, bro. I said, oh, shit. This is going down. So, anyways, during break time, man, during break time, I went out there, and I suck it up. I was so nervous, Steve.

And I think it all comes down to his his his self worth. And and I just don't felt like I'm I value like, I I felt like I have nothing. Right? I'm like, dude, this nobody. And that's why I was so nervous.

So anyways, I suck it up and it's like, shoot, man. I walk up to him and I said, bro, listen. Dude, I'm sick and tired of trying to learn this all myself, bro. Like, I'm tired. Like, I don't wanna see the next sixth month of my life to be like the last.

Like, I don't want six months to go by and and still trying to figure this thing out. Like, I know I can always make the money back, and I know this is gonna cost me a lot of dough, but dude, I'm ready to go. And I said, Fitz, how much is gonna cost you, bro? And he said, so he turned me off. Right, Steve?

He's like, no. No. No. I can't. And I said, dude, give me a price because I can't go home.

That's what I said. Dude, I said I can't go home. And, anyways, you know how he negotiates. And at that time, I know nothing about negotiating. So this guy this guy pretty much get got me to give him a price.

But, anyways, we we agree on a price, 25 g's, flew him out for, for three days. He kinda circled the neighborhood, tell me exactly what to look for, tell me how to talk, negotiate with the realtors, got me into the bank, sat down with the bank. And, that's when we talked to Rick, which is he's the vice president of the bank. So for those of you if you wanna start, like, building up your, your relationship with bank, like like, I I used to think, dude, like, I gotta go to, like, Bank of America, like, the big bank. Right?

That they got a lot of money to to loan. But no, dude. You gotta build relationship with your local bank. They'll take care of you because you you're not another person. Right?

Like, walks into the branch. You're somebody.

Unknown: Right.

Khang: So we went in. We we share with the bank dude. But what's I I I I guess it's also good timing for us, bro. It's because the bank just recently opened up. They need client.

So we go to a couple of day bank, and they said no. No. No. This this is when the market is just kinda, like, dry and lender was extremely hard for them to loan. And I go in and saying, hey.

I wanna flip flip houses. Never done it before. So they were very scared. So, anyways, this guy, Rick Cornelius, man, he's the vice president of the bank. New bank just opened up, and he's we sat down, show him his our our pro form a.

My house is almost paid off, so we we kinda use that, do a, collateral and and things like that, but we're able to build relationship with him.

Steve: So, just just real quick. If you need more money, my bank's actually having the grand opening this coming Wednesday. Oh, no. No. Fly back.

Right? We got that. Yeah. You said that you're terrible at negotiations, and we you and I, we've gone back a little bit. So I don't believe that because you're Asian.

So, really, you're a bad negotiator?

Khang: You you know Or

Steve: you're just really desperate at that time?

Khang: You know what? I think, I think it's both. I I think it's it's desperate, and I and I wasn't the negotiator like I am today.

Unknown: Yeah. What was the feeling like? So was that that when you spent that money, when you guys agreed on that, by the way Yep. Was that the most money that you'd spent at up to date on a on a mentor?

Khang: No. Okay. The the whole mentorship journey cost me over 100 g's.

Unknown: No. But I'm saying, like, at that conversation, that was the first time you were like,

Khang: what was that? So so so that's like a deposit. Yeah. Yeah. So the 25 g's is deposit, but over time, we split three deals.

So it cost me over 100 g's, but I was very nervous.

Unknown: Okay. Yeah.

Khang: I was very nervous to pull the trigger, and I was but the reason why I pulled the trigger is for one reason. I said I do not wanna see my life, like, six months from now just trying to figure this thing out. Like, I'm tired of it. Like, I'm done.

Unknown: Nothing changes. Nothing

Khang: changes. Like likes to me, like, I I say, okay. You know what? If I'm out 25, if I just get one deal, right, just one deal, I'll make my money back, but then and now I'm in the game. Like, I won't need them anymore.

Yep. So so that's, like, my mentality, dude. I I'll pay for it. I'll suck all the information, then I will never need them anymore.

Steve: So you're talking about you're struggling Yeah. With the kiosk? Yes. How did you come up? Right?

Because a lot of people, they're they're struggling, and they're, like, how am I gonna pay for this? Yep. How did you pay the 7,000 to attend a live event Yep. Plus another 25 to someone you just met?

Khang: Steve, that's a good question. Yeah. So for those of you who don't know, mostly Asian, they're we're very frugal. So, Roland and I are very frugal. So we we we we budget our stuff no matter how much we make.

We only set we only spend 10% 10 to 20% of what we make. Yeah. So when we were making a couple 100 g sound hair extension, I know it sound unbelievable, but, dude, these hair extensions sell like pancakes to Canadian.

Unknown: Yeah. They're good bit it's good business, man.

Khang: Yes, dude. But because okay. So in Seattle, they also have, hair extension kiosk, but they would sell it for way more. So where we live, we're only about thirty minutes to the Canadian border. We would buy these hair extensions, bro, for, like, $5 to $20, and we're selling out for, like, 50 to $250.

Yeah. And in Canada, they're $300.

Unknown: Yeah.

Khang: And at the time, the Canadian dollar was really good. It was almost at par with the US dollars. So they were pouring down. So, dude, Lorna and I were making, like, $250,000, and we're still living in a shed behind a mobile home park. So Steve asked me, so how did we get all this money to actually get in?

It's because from from all the saving.

Unknown: It's like crypto money, dude. You're going from $5 and so on.

Khang: Yeah. No.

Unknown: It works. It works.

Khang: You ran

Unknown: it before you ran it, man. Yeah.

Steve: So Fitzy tells you buy these deals, and you just you just did everything he told you to do. And by the way, for you guys who don't know Michael Fitzgerald, he's on a previous episode, fellow member of collective genius. And, man, the guy is an incredible connector. I mean, he just hangs out with NFL athletes like no big deal. Right?

Just gets free money from the government.

Khang: It's Yeah.

Steve: Unbelievable. So, anyway, you're you you just follow him, like, blind or, like, how how was that journey getting mentored?

Khang: Correct. It wasn't blind. Like, people don't understand. Like, people think, hey. Hey.

When I get into when I, get a coach or a mentor, like, dude, everything will fall in place for me. Like, they'll tell me exactly what to do. No, my friend. You have to also use your brain.

Steve: Yep.

Khang: Like, dude, you gotta be creative. So so so so when he tells me to do certain things, call this, call this, it wasn't like call this. Let me get on dude, It was okay. I pay on the phone. I I call.

I talk to agents. I make the mistakes. What not to say, what to say, and then I just adjust and adapt. But as far as, like, guidance, like, if if more like, k. You know what, dude?

I'm stuck. Like, I did this, and I'm stuck. And that I think to me, that's where I get the most value. Hey. I'm stuck.

Get on the phone with him. Shoot him a text message. He's able to respond back and tell me what to do. I have to go do it, and there's still mistakes that I made along the way even if I have all the mentoring and all the coaching. Like, just you're still gonna make mistakes.

Yep.

Unknown: You gotta learn.

Khang: Right? But yeah.

Steve: Alright. So this is around 2013. Right?

Khang: Twenty thirteen,

Steve: fourteen. So did you immediately have success in the next twelve months, or how was that journey?

Khang: Yeah. So I was start so my first my first deal, so we flew them out for three days. Within a week or so, got my first deal.

Steve: That's awesome.

Khang: Yeah. It was because I was making a ton of offer on, on the MLS. At that time, the MLS, there was some really good deal on there, preforeclosure. Foreclosure probably is all over there. So I I just submit offer.

So anything that pops up, we're submitting 40 to 50%. And then we got a response from a seller saying, dude, that that that, a realtor said, bro, you kidding me, dude? That that price is ridiculous. But then they're like, hey. But the seller's not gonna accept that, but they would do this.

And then now we're like, hey. We got someone that's willing to talk to our stupid price here. So we're like, hey. We got something going on here. And then, anyways, that that was my first deal.

And, yeah. So within a week or so, I got my first deal. I knew nothing about constructions. You know Oh,

Steve: you're buying the flip?

Khang: Correct. This this was when I first got into real estate.

Steve: Wholesaling yet?

Khang: No. No. I was not wholesaling yet. And I was, yeah. So we hire a contractor.

I I knew nothing about constructions. I remember, my contractor saying, hey. You know what? There's there's some missing shingles. And, Steve, I didn't want the contractor to take advantage of me not know that I don't know anything.

I said, bro, dude, listen, man. You're you're I I I can't I I'm having a hard time hearing you, bro. Why don't you take a picture and send it over to me? So he took a picture and sent it over to me, and then, obviously, from there, took us about four months or so to finish up that, rehab project. And, we made about 50,000 net walk away and changed our whole entire life.

Steve: That's awesome. You got something?

Khang: Yeah. I'm

Unknown: sorry. Yeah. So it says, on here someone post two minutes ago, all static on your Twitter space. Can't hear anything else. So I just wanted to, let you and the team know just in case.

Steve: Alright. Just sharing that. Okay. They're working on it. So thank you, whoever, tweeted that.

Unknown: Yeah.

Steve: Alright. So okay. So you you flipped your first house, make 50. Yep. So this is real.

Yep. How long were you still running your hair extensions before you shut that down to focus fully on flipping?

Khang: Man, Steve, such a good question. So I'm more of a I'm more of a risk taker versus lawn. Lawn is very conservative. Like, before I before I quit my JOB, Steve, Lon want the house to almost get paid off, and she wants to make sure she has a couple 100 g's in the bank before I even quit my JOB. So when we got into the first like, we were still running the hair extension while I, aft even after I flipped my third, my fourth deal already.

Now she now once I've done that, once the once the hair extension dude, Steve, couldn't make any more money where Lon is coming out of pocket now, She said, okay. I'm done with this. But but but I but the thing is with Lon is too is she's very attached to that first business because it's like her baby.

Unknown: Oh, yeah.

Khang: It's like it's like you gave up your baby because we started that business when we're, like, 20. So for long to let go, it was so hard for her. And I remember her crying and and didn't wanna let go, but she just knew that it was time to to to let it go. Yeah.

Steve: And I could totally understand that because we're closing this company next month. Right? So our brokers are shutting down. Right? Like, we're partnering up with Ryan.

Khang: Yeah.

Steve: So we're shutting down our brokerage. And it's like, man, like, I still remember holding Vivian who was just born when we launched Sunny Homes Realty. So, yeah, it's an emotion. Actually, someone in our office, like, hey. We should have, like, a shutting down party where we all just get drunk in the office.

Like, that's not a terrible idea.

Khang: It's not a terrible idea.

Steve: Yeah. So alright. So you're doing deals. You get your closing. Yep.

Are are these all, like, forty, fifty k flips? Or, like, how was your business looking?

Khang: Yeah. So my first flip went really well. Second flip did okay. And I think about four years or four and a half years, into the whole fix, fix and flip game, I had about $1,500,000 tied up, Steve, and I almost lost everything. Almost had to file bankrupt.

It was so crazy, dude. I went, I never knew what depression is. Steve never knew what, depression is until I put myself in that situation. And let me tell you why I felt depressed. It's because I felt like I let Lon down.

Like, I didn't wanna, like, I didn't wanna, like, dude, like my whole thing was just to make her happy and and and get and get her what she wants. And I felt like, man, like, calm. Like, what do you do? And sometimes you go so fast that that that you tie yourself in in, like, a ball where you don't know how to get out. And I remember, man, I I this is this crazy.

As long as in Vietnam, I have to flew back to take care of all my construction thing to and four nights, didn't sleep. Every single time when I get on the phone with Lon, I have to act like I was happy. Right when I get off the phone phone, could it steep? I cry myself to sleep. Every night, I get down with my knees and I pray to God because I I couldn't see a way out, and I just pray pray and I pray hard.

And something inside me said, calm, nothing is gonna solve this problem. You have to get up and do it. You have to get up and face your fear. Even you have to even you have to go bankrupt, you don't have a choice. I got up, dude, and obviously make the phone call.

I just figured one thing out, and thank god. Everything just

Steve: What was the situation you were in that that was slowed so bad?

Khang: I was trying to go too fast too quick. If I was to give myself an advice to anyone that's starting out, I was trying to learn the whole business at the same time, Steve. I I didn't have a system, didn't have a a proper team in place. I was the one man show running everything, getting the deals, talking to contractor. And I didn't know everything,

Steve: and you still went to Vietnam?

Khang: Well, no. So we actually went to Vietnam. We we actually took a break, and then I have to go back to finish it. It was just too much. So we we we kinda shut things down a little bit, went back, and then came back and did it.

And I overleveraged. I I just tapped out. I just couldn't leverage anymore. And, the issue was I got two property that one of them needs to sell, but it couldn't sell because the the the the guy that did the rehab messed the whole entire up, did not get permit, did not pull permit, and the basement flood. So every single time when we try to sell it, I don't know why it rained.

So the basement keep on flooding, and the inspector came out and said, sorry. Like, you know, my so three buyers back out of the deal. And that property, I was supposed to make a 150 g's, and thank god I still I I still walk away and made about 2,000 on it.

Steve: Yeah.

Khang: But, it was So we need a property to sell, and and and the whole mess with that probably needs to be resolved. But I couldn't get any more funds coming in.

Steve: So it's interesting you say that that was the status you've been because we haven't really talked about your upbringing.

Khang: Yeah.

Steve: Right? Because you don't have the easiest life, or you didn't start off with the easiest life. Do you wanna talk real quick about your upbringing?

Khang: Yeah. So for those of you who don't know, you know, I was born in Vietnam, raised up in a mud hut. Super poor. Like, for those of you who don't know what a mud hut is, like, every single time we get a a big rain storm, dude, mommy, my brother, my dad will go out there. We'll put clay like, it's literally clay.

We will, yeah. So super poor. I and, when, back in Vietnam, I didn't have any formal education. So back in Vietnam, for those who don't understand, for those who take America for granted, let me tell you. Back in my country, you gotta pay for education.

So that's why Asian parents are very strict. Like, if you don't pass a test, here is the no big deal. But back in my country, every test was supposed to be paid. Like, you pay for these tests, and you gotta pass to graduate to the next level. But you you don't just show up to class and then get a d and then and then and then get up to the next one.

So my family couldn't afford it. So I did So I can speak my language, but I can't read or I can't write. But I came to America at the age of nine. And, obviously, just like every every other Asian parents wants you to, you know, go to college, graduate it because, you know, they want what's good for you. Because my parent don't wanna see me as a labor worker working at a factory like them until I'm 65 or whatnot.

And I dropped out of high school when I was 17, and, man, I remember my mom, man, I remember my mom cry. My dad wanted to beat me up. And, at the same time, I told my mom that just school is just not for me. Like, I know that I'm a guy that can work like, I don't care if I'd have to go clean toilet, but I'd rather clean toilet than than go to school. So I told my mom I have to work ethic.

I'm okay to work from the bottom up. And, anyway, somehow, I met my wife at the age of 18 and boom, I connected with her. She's the same thing, high school dropout. And I said, dude, I can't I I can't live here anymore with my mom and dad like this. So, dude, I did what most Asian that don't do.

I went against everything my dad said. She's Buddha. I'm Catholic. We cook together, move in with her, and we move into this little shed behind a mobile home park. I didn't see my family for a very long time, three three to four years, Steve.

I didn't go home and see my mom and dad. And, the whole time we put our head down, we just freaking hustle and we just grind like a mad dog. No vacation, no party, no drinking. We sacrificed everything. And, Blonde and I choose to do that.

We choose to sacrifice everything, just to be free.

Steve: That's awesome. Yeah. So at some point, you launched Wholesale to Millions. Yes. So I don't know who this guy is.

Khang: Yes.

Steve: So I've got my own podcast in 2018. And everyone's like, you gotta get this WTM guy on. I don't know who the heck this guy is. I look at this guy, and I see this maniac screaming at me on YouTube. And it reminded me very much that when I first heard about Gary Vee, it's like, have you seen this crazy guy has a wine show and all he does is yell at you on YouTube?

Can you talk about that?

Khang: Yes. Yes. So, I started my whole social media, back about, I would say, five years ago, and I heard GaryVee. I was you know, at this time, we got, at this time, I got my wholesaling business, rocking and rolling already. We got a a team of VAs.

We got system. We got a team in place. I was working maybe, like, one or two hours a day, and I was already kinda happy with what I'm making already. And it was and I I'm gonna be super honest. It's gonna be it's extremely hard to, like, scale your wholesaling business up to pass that 6 figure.

Not there's many people that have done it, but I was already happy. And I was like, dude, what else can I do? And to be honest, wholesaling is not something I'm passionate about, but I love teaching people, Stephen, doctor Jpek. I I love teaching people, and I heard Gary v said, hey. You know what?

Everyone should have social media, should put content, should do this, and he was telling how it will create multiple stream of income for you. Dude, I there's something in me, dude. I was so excited, Steve. Couldn't wake up the next day. I woke up the next day, pick up my my my phone, and, dude, I was battling for for for the the drive down to the place where I was gonna shoot my first social media clip, my first YouTube clip, I was like, dude, who who am I?

Who are you? Like, who are you to now teach people? Dude, there's Sean Terry. Like, there's all this big guru, big guy out there already. Like, who are you, man?

And, I was like, dude. But I was like, man, maybe there's someone out there that's just trying to get to my level. Like, they don't need to make a million of bucks a month, but maybe they just need to make an extra $10.20, 30, or a 100 g's a month, and they should be good. I say, come. Just put it out there.

And, yeah, that that's where it all started. And, you know, for those of you maybe you watch it, you have to turn your value volume down. But so when I'm in a space, dude, when I'm in a space where I cannot be like like, if I if I can't let this voice go through, then it's it's just it's really hard for me. It's it's really hard for me. So that's why when I shoot content, you guys see that I'm mostly in my car, because I don't have an office fancy office space like, Steve Trang here.

Steve: That's actually kinda funny because I remember watching you do a video. I think it was on TikTok or Instagram, and you're at a hotel.

Khang: Yeah.

Steve: And I could see them screaming at you Yes. Because you're yelling at your phone while they're all trying to sleep.

Khang: Yes. Yes. This happened in Vietnam, and, yes, that's true. Completely true.

Steve: But you bribed them. Right? That's how we fixed things.

Khang: I did. I I I dude, I did. Dude, I did. And I I tell you, man, for those of you who don't believe me, man, money talks, bullshit walks. I can't I literally didn't say anything, bro.

I went up to them. I said I went up to them and I gave them, like, $10. In Vietnam, dude, $10 is what people make in a day. Like, some people work thirteen third thirteen, fourteen hours a day just to make $10. So I went up there, slip them $10, dude.

They said, do whatever you want, bro. So I go back screaming again.

Steve: Okay. So I always had a lot of success. Right?

Khang: Thanks, Steve.

Steve: At some point, you kinda changed your focus

Khang: Mhmm.

Steve: From, just actually, you know what? Before I step into

Khang: that Sure.

Steve: You were talking to Ryan and me, and you're very upset with us

Khang: Yes.

Steve: That we were not on TikTok. What was that about?

Khang: Dude, bro. I mean I mean, I I even posted on my social media. I said, dude, you if you guys if you guys are an influencer, yes, you're creating content and you're not on TikTok, man, you're missing out the biggest opportunity of your life just because I saw what happened to me. I there's no way that you would make one video and post on Instagram, Facebook, or YouTube and wake up the next day and get a and get, like, 500,000 view or a million view. And it happens to me, and I and I see you and you and Pineda.

Dude, like, you guys have the knowledge, the info, and everything, and and this is, like, the space that you guys can really blow up. Yeah. And not seeing that you guys doing that, it's just like, dude.

Steve: So I think what we're looking at. Right? So you're over 3,000,000 followers.

Khang: Yes.

Steve: Ryan just cracked a million.

Khang: Yeah. Congrats, Panini.

Steve: And I'm just sitting here just barely cracking 6 figures. So, anyway alright. So at some point, you pivot, though, from, what you're focused on Yep. To crypto.

Khang: Yep.

Steve: What what started that?

Khang: Yes. So the whole crypto thing, like, I'm not, I'm no crypto expert, but I do believe that crypto will be the future currency as far as in crypto will disrupt the bank like Uber, disrupt taxi like Amazon, disrupt the whole brick and mortar. I don't know when it's gonna happen. So I invest about 600 cheese into crypto.

Unknown: Wow.

Khang: And it's also it's also, it also took off where, I kinda I went on TikTok and I said, hey. What crypto do you want me to buy? And those just took those video just took off, and now I have over 20 some different, crypto. And, but, but, the one that I believe in the most that's not gonna go anywhere is, Bitcoin and Ethereum.

Steve: Yeah.

Khang: And, that's where majority of my money is in. Yep.

Steve: So majority of funds are there. Yep. How are they doing? Because, there's some interesting developments in the last few days.

Khang: Not very good. So if you saw my post on Instagram when I asked the wifey about, how she likes the crypto market right now, yes. It's it's, I think I'm down, like, half.

Steve: Yeah. Yeah. So alright. You decided as well to launch an NFT project. And I still remember specifically.

Right? It was me, you, and Ryan. Yeah. We're having dinner for Lon's birthday. So this is the same time we had this event here.

I think it was less than a year ago. Yep. We had this event out here outside my office, and, we went to dinner for Lon's birthday.

Khang: Mhmm.

Steve: And you and Ryan were joking, like, man, if we just launch an NFT project or we just launch an NFT, we're gonna make so much freaking money. Because you guys are seeing, like, what like, Logan Paul was making and so on. Yeah. How long from that point until you decide, you know what? I'm gonna launch my own NFT project.

Khang: Man, gosh. I don't remember the exact time frame, Steve, but I think after what Gary v did, it really, really, inspired me a lot. And what I love about NFT, dude, and for those of you who wants to start one, it it takes all your life. Like, it it it's really consumed your your whole entire life because you're really building a community. And, and and that's what I love about NFT.

I say, I you know, you build community, people that believe in you, invest in you, and then you're able to give back to them. Mhmm.

Steve: Yeah. So you said it was all consuming. What is taking a majority of your time with NFT?

Khang: I think, you know, one, obviously, when it comes to launch date, you know, you gotta figure out the whole marketing size. Building the community. Also too is fig figure out, you know, the art. And and listen. You're you're not gonna be the one that gonna know how to do it all.

Obviously, you you you gotta build a team. But, also, two, is the legal side. Right now, there's a lot of things that I wanna do with my NFT project, but because of the legal side, I just wanna keep it simple. And that's what consumes a lot, you know, you know, call with attorney, figuring out what you can and cannot say, what you can and cannot do. And, you know, and and people Steve, talk about, like, doctor Jay Baik.

Talk about, like, rug pull. Dude, it's so easy to do a rug pull, man. Like, I won't even need to spend, like, a month to pop an NFT project if I wanna do a rug pull. Just make a million dollars, caught it, because I got the following. Right?

Sell this NFT for $3,400 a pop. Easy. It's a no brainer. You know, with my social media, it's just so easy to do a rug pull. If you wanna create a legit NFT project, I'm telling you right now, if you wanna start, it's not a one, two, three.

Dude, it's a ten, twenty. Like, it's like, you you you gotta talk about decades when you talk about this kind of game plan.

Steve: Yeah. Yeah. So what is your plan for the NFT?

Khang: So yeah. So I am launching, NFT called TMC, stand for the millionaire club. So what I'm doing is I'm blending NFT and real estate together to create a community of millionaires. I wanna bring together some of the most driven and ambitious entrepreneur, right, on the planet that wants to learn building their own and helping them build their own real estate empire. And the goal is to help you become one of those millionaires.

So it took me ten years or so to build my whole entire real estate, to where it is today. So I'm giving you access to my system, to my team, to my cash buyer network, to CG members, to private harmony lenders. Like, I want TMC to be the central hub of real estate investing for web two and web three combined. Like, my project is not to give you that 5 to 10 to $20 a day where you stake and you don't do anything. My project is about helping you making $10.20, $30.50, 100,000 a month, helps you build your own real estate empire, and then you can take that money if you wanna fix and flip.

We also wanna help you with that. You wanna buy rental property, build passive income, we wanna also help you with that. But but that's what TMC is.

Unknown: So what's the what's the difference between doing something, like this in web three with NFTs versus, you know, just standard kind of what's, you know, what's going on right now? Like like, web two. Right? Like I like I said, like, I have I have a mentor. I agree with you.

Yep. You know, you you took your process ten years. You can you can distill it down to what was important, your processes, things like that. More than enough value in that. But why utilize web three technology versus just doing web two?

Khang: Gotcha. So there so so everything I mentioned happened on day one with the utilities getting access to my system, my teams, and all of that. So we also want to be able in the futures, for our holders where they get to stay at at my properties that I bought I currently bought own and anything that I own in the future that they get to come and to stay. We also wanna be able so this thing so for those of you so this thing I can and cannot say. So I just wanna make sure I I wanna be transparent.

I wanna share everything, but I've I've been called out that I cannot say stuff.

Unknown: No. I get it. Yeah.

Steve: It's like the yeah. Yeah. So

Unknown: you wanna keep unwrapped. Correct.

Steve: Well, it's not just that. I think the legalities. Like, there are so many things that we want to say that we

Khang: can't Correct.

Steve: And just certain thresholds of an Yes.

Khang: So, you know, there's things where I wanna do for the community. For example, you know, where we can come together and do business together.

Steve: Right.

Khang: So I'll just leave it at that. And also too is let's just say so for example, a mentorship. A regular mentorship program. Let's just say you pay somebody, you join their mentorship program, you don't like it anymore. Guess what?

You're out. But with NFT

Unknown: Right.

Khang: You can sell it.

Unknown: 100%. We talked about this. Yeah.

Khang: Correct. So with NFT, you don't want it, or maybe you got enough knowledge because the past for three years, and maybe you got enough knowledge. You'd be like, hey. You know what? I'm done with the group.

I got everything I needed. It's not for me anymore. I wanna move out.

Unknown: Right.

Khang: Boom. You can put your put that NFT, sell it. Hopefully, you can make a profit from it.

Steve: Yeah. Yep. Love it. So as far as staying in the properties. Right?

Yes. This is this is there are so many things in real estate. Yeah. There are so many unanswered questions. So what have you figured out so far?

Like, is that, you know, is it a security? And this is, like Yeah. What? These are the things that are, like there are so many unanswered questions. So I'm curious what what you found so far.

Khang: Correct. So so far, anything that has to do with, and and listen. For those of you who's watching this, I'm not no NFT expert. I'm here with Steve Trang and doctor JPEG, probably, like, way more experienced, and and knowledge than I am.

Steve: NFT celebrity. He didn't know that.

Khang: Doctor JPEG, NFT celebrity, everybody. Give him a round. But yeah. So anything that that anything that has to do with some kind of a profit or whatnot. Like, if they're making if they're making any kind of a gain or anything from owning, your NFT or or staying at a a Web two.

So I can't even say that they get to come to my Airbnb and stay for free.

Steve: What can you say?

Unknown: Legally, you can, the I mean, it's it's a gray area, but legally, if you're able to you're able to look at an NFT in in a way where it's classified, that it's that it's not necessarily security, but but, but art. Right? So, this is something you purchased that would be be a piece of art. And then with that, there is utility, and then there's there's ways you can work around, things where there's there's loopholes for whether security. You know?

Obviously, not financial advice, not business advice, but I I think that that's the beautiful thing that we're really really leveraging with Non Funds of Arcade is, you know, it's a conversation we had before before we hopped on. Right? So it's it's it's it's what's that Like, what can I do that's beneficial for for the community, for the holders, but but really, you know, avoiding that that gray area as as much as you can and and doing doing the right thing for the community, but also, you know, legally staying within certain bounds? So that's that's the cool thing. You know, if you if you talk to, you know, an attorney or that's familiar with with the space a little bit more, they'll tell you there's there's certain things.

There's, you know, people see, like, you know, ERC seven twenty one and all these contracts, and they think that that is, that's that's it. But you can actually you can actually go on and and and you can look at there's there's tons of different contracts. There's even contracts that governments can can leverage and utilize where it's it's actually classified as soul bound information. So things like your ID. Yep.

I mean, I can't I can't buy your I can't buy your ID from you. Like, that's, you know, that's that's extremely illegal. Maybe we did that back in, you know, high school. That was that was a different thing. You maybe got that from your your buddy's older brother.

But, the the point I'm making is there's a lot of different ways to to go about it and structure it that really creates a unique opportunity to to leverage that to avoid, you know, all the all the legal hoops and bounds you might have to go through.

Khang: So Yeah. I I like, as far as in as far as so there's things where, Steve, it has so you have to create your own token. Alright? Your own crypto where it can use within your ecosystems Yep. But there's no value to it.

You can you cannot say there's value to

Unknown: it. Right. Then it's security.

Khang: There's no value to it. Like, you know so there's things, like, I wanna do where man, I I like, the DAO. For those of you who don't know what a DAO is, man, I I would love for for one day that this can be possible. It's a d decentralized, autonomous organizations where a group of people will just get together, and then we pour funds together, and then we get to invest in web two, web three, whatever it is. Right.

But right now with that, that's ex that's what I really wanted to do, but now we have to push that away towards something in the future where it's not as regulated. And, also, too, is there's an offshore or an onshore thing as well. So now we're taking our like, okay. Maybe I shouldn't say that.

Steve: Also, like, you know, we're also talking to, like, Corey Boat. Right? Yep. Scott Myers. Right?

Yeah. Who have also both been on this show. Right? They're doing the real estate DAO. Right?

So have you been following that at all?

Khang: No. I have not.

Steve: Okay. So, and then there's another person that you know, Mike Watson. He's one of the CG members as well. Yeah. So, like, everyone talking about, right, he's a collective genius with us.

He's, he has when he raises money for an apartment complex Yep. Everyone's a general partner. Right? It's not GPLP. Like, everyone's a general partner.

Khang: K.

Steve: And I think this is potentially the way we go from, starting a, from going from a regular fund to an NFT fund. Right? Because if everyone's a general partner, then everyone's taking risk. The thing that makes it a security is when you're a limited partner. So, I'm just kinda curious to see, you know, how much thought or how much you paid attention to to that.

Khang: Yeah. So for us for us to make this happen so for us to make this happen, this has to be done in Canada. So we talked to an attorney, which, I'm I'm gonna pay, like, $29,000, to actually get this done for us. So for us to do this, it's not gonna be called a DAO. It's gonna be called private investment group.

That's only gonna be 50 people only, and it's gonna be held, the corporate in Canada. And that's what makes whatever the DAO is that possible, where we get together, where we pull our funds together, and then we'll be able to invest together.

Steve: Then we have to vote together.

Khang: Correct. That's

Steve: the biggest Correct. Correct. If you're

Unknown: if you're taking notes, he paid 29 k for that. So just send my man, some money, your Venmo or something.

Steve: It's probably one of the TMC

Unknown: free game.

Steve: Yeah. Please. Something in NFT, t f TMC project.

Unknown: Yeah.

Steve: So, Dior asked the question here on Twitter. If if we're not building a project currently, what would you be doing to best set yourself up for success in this bear market? If you're not a builder, what do you do right now in this bear market?

Unknown: Yeah. That's that's interesting. I've I've seen, I've seen doom and gloom before, and I think that the best thing you can do is look for for builders and teams. This is where things really shine, and and you're able to to see through, you know, the BS and and and what's really, possible. Right?

Because, down markets force innovation. Right? Like, necessity is the mother of invention. So I I think that, you know, to use to use an example, do you guys from a I don't know if you guys are familiar with what happened with Azuki, but Azuki was a a large It's

Steve: going down pretty fast. Yeah.

Unknown: It's a large NFT project, and, it was considered a blue chip. We talked about this last time, but blue chip meaning that it's like the it's one of the projects to model your project golf. Well, it turns out that Cool Cats, one of the founders, you know, knows that the guy behind Azuki, he created three rug pull projects, meaning that created projects and then made a bunch of money and just left the project for for dead, more or less. So they found out that he was a part of Suzuki, and then the community, was rightfully upset. But it's interesting because you see what happened here, you guys, is everyone decided they're not happy with that he was a rug puller, rightfully so.

But what they did hurt the community. They let's sell off our bags. Let's get out of this. And the only people that got hurt was the community. Ironically enough, the guy that they were so upset with made a bunch of money in royalties all the way down.

So you sell it from mid twenties all the way down to 7. Like, I get I understand. Right?

Steve: But that's a bit makes sense.

Unknown: If let's say Ferrari CEO gets indicted and he just do an embezzlement, you think everyone's going to go out and liquidate the Ferrari for the price of a Honda? No. They're like, yo. Get that guy get that guy. Let's handle this in a responsible, way because the the the reason is is the value is not in there is value.

There's you know, it's not in just this singular guy that's part of this project, or the CEO of this company. The the value is in in the the product, the the Ferrari, the car. It was amusing. So

Steve: The community, the Alphas, the Yeah. One another.

Unknown: Yeah.

Steve: All that got it's just dismissed entirely.

Unknown: Yeah. So they should have protested. They should have stopped all sales, all trading, said we're not doing anything until this guy gets out. And they would have preserved their capital, would have preserved the the project, but, there was there was no value there. So, you know, if if I'm not building, I'm looking at what's valuable.

I talked about my journey when I got in. Entertainment was really something I was interested in. So, Theta was you know, they were they were really doing some innovative stuff. They brought on, like, Sony and a lot of big names. So I go to their site.

I look at what they're doing. Veracity, they had a patent on really helping, you know, fight, fraudulent views to to protect companies from losing marketing money. So I look for things that make actual legitimate sense instead of just hype. So I think that that's where you can look and have your eureka moments. Or or, you know, a year ago, we went through all this field, get the charts.

We went through all this stuff a year ago. But lo and behold, you know, Bored Ape Yacht Club, came out, you know, around this time last year. So it's not all doom and gloom. Like, check yourself. Look at the things you have to be thankful for.

Look at the things that are going well in your life. Maintain things outside of it outside of the markets, but, like, be hopeful. Look for look for what's next. Look for the opportunity because things ebb and flow. That's a guarantee.

And you gotta be ready.

Steve: Yeah. And, you know, Dior is the one that was I I made a video about this was, like, he was talking about, like, a potential strategy is every quarter just selling everything you have Yeah. And starting over. And, man, like, you would have been everyone would everyone would have been in a good situation.

Khang: Yeah.

Unknown: If, you know, everyone gets so what's the word? Everyone gets so excited, because you scroll through Twitter and you see someone, minted something for $7,000 and they sold it for a million dollars six days later. And it's like, that needs to be me. But the reality is is if you came into the market with $10,000 and you turned it into 20, and then you took that 20 and turned it into 40, took that 40 into 80, and, you know, now you have 200 you have a quarter million dollars from 10 k in six months because you were you were just you set goals and you exited because you know that you're not gonna get out on top every time. You're still up in a big way, but everyone wants the next home run, and they don't realize that those are once once in a lifetime scenarios.

They're not repeatable on every single

Steve: And not like

Unknown: ask for.

Steve: Repeatable. Like, how do you predict which one is gonna go off? You don't know. You just gotta keep going along, and every once in a while, you get a big payday.

Unknown: You can two to five x, every single time. You are, you know, you

Steve: you can go broke. Every single one of your investments, you'll be fine.

Unknown: Yeah. You you can't go broke taking profits. So I think that that's a that's a big a big thing. But, no, I you know, if you're if you're not investing, I think that, you know, there's a lot there's a lot of opportunity. You just have to make sure that, you have goals set, and you're not just following what the market's doing and and blindly following in influencers.

Yeah.

Steve: So on Instagram, p v Turquia, I'm totally butchering this name, shares that Neo Tokyo is running the show. So appreciate appreciate that.

Unknown: What'd it do?

Steve: Maximo, Kong inspired me to take action in real estate.

Khang: So

Steve: Let's go. Rule.

Khang: Oh, thank you so much. Thank you.

Steve: So follow-up question. That means everyone is KYC'd. So I I don't know which part we're talking about. It's five

Unknown: minutes ago. Maybe.

Steve: But is this, maybe in context of yours, like, looking up their background, making sure they're qualified. So are you doing a KYC on your, in on people that are investing in your project?

Khang: You mean as far as seeing, like, TMC NFT?

Steve: Yeah.

Khang: Yeah. So I have an NFT project managers that takes care, all of that, for me, and that's Aim. And, so she'd been she'd been taking care of all the back end, and everything like that, getting everything scheduled. As for for me, as far as seeing how much involvement I am with the project, You know, it's it's it's it's, like, every single day, I gotta think of other ways, utilities, and perks that we can add to the project. And when, you know, doctor JPEG said, you know, the people that are wanting to buy an NFT for 3,000 and flip it for, like, a 100,000 or a million, like, that's not, like, my project.

My project is, like, I want to teach you, you know, help you build a high income skills and be a part of a community with like minded people. So, you know, the goal is to to to add so much value that you're gonna diamond handle it, then that's what we need. We need people who wants to come into it to want to build a real estate empire Yeah. For themselves. Not the one that's like, hey.

I hope that I can buy Kong's NFT for, like, x amount and then flip it for, like and make $10.20 k.

Steve: Yeah. Is Aim the one that's making the designs?

Khang: Yes. No. She, she actually have her own, artist. And, dude, that, our art, dude, is gonna be done by, I think, by the end of next week, but it took us at least a few months because we we made so many changes along the way, because I wanted to at first, it start out like we want so we're we're making the art where it's somewhat of a feature of real estate, like house looking like robot kind of, but then we yeah. We we changed a lot, but, it took a while.

But,

Steve: we do have my one on one. That's the only reason why I'm asking.

Khang: No. I actually have your one of one already.

Steve: Okay.

Khang: So we'll be sending that over.

Unknown: Here's something that, you know, we could that we could potentially do that would that would be fun, is is to gamify it, is is have a have an NFT that would that would almost look like have you guys played the Sims? Remember that?

Steve: I'm familiar with it.

Unknown: So the Sims is, it's like you have, like, a you have, like, a virtual it's an old, PC game. It's like you you can build your house and do all these things and your family. But, yeah. You could have a piece of, like, land that was like an NFT, and it and it showed, like, this cool little, like, design for how it would represent your, like, your your real estate holding. Nice.

And then you could update the metadata so they could purchase different things that would would kinda go with that. So now you have this piece of land, because everyone likes to show off what they're doing in their investments. Right? But I have this piece of land, and maybe I have one property. But then I'm like, well, you know, call Steve told me he has three like, he's got he has three properties on his land.

Let me get two more.

Khang: Yeah. Right?

Steve: So now

Unknown: I'm like, Hey Steve, look at my NFT.

Khang: Steve, you got three? I got four.

Unknown: Yeah, exactly. So again, it gamifies it in a fun way, but it's also, it's still investing. It's still an opportunity to make money, all of us together. And there's I think the sky is the limit. I'm really excited to see, real estate and NFTs be married because, we spoke before the show, but, you know, there's a lot of opportunity and and

Steve: Well, so let's talk about it. Right? So, like, if you if if doctor JPEG is gonna launch a real estate NFT today Yeah. What would that look like?

Unknown: Yeah. Well, that's a good question. Depends because I want, I'm only about, win win scenarios. And, you know, that might sound silly, but you look at the market. Don't I I don't think you sell hype.

You know, you could you could benefit off that right now. Oh, we're the first real estate NFT. What do you do? Well, we take your money, and then we'll send you some money eventually down the line. There's a road map.

Right? Like, we were talking about a rug pull. Oh, shit. The money just Yeah. We don't know what happened.

Yeah. Yeah. You know, I I think that for me, something that's particularly interesting we talked about is it's simplified. It may sound like real estate, but being a broker where, there's all these people with new found, crypto money. And, you know, like I said, they might be at they might be still living in the room at their, you know, at their parents' house or something, and they and they need to get out and they need to diversify.

Well, I I think if you had a if you had a a brokerage where you have that community and, you know, you can take Ethereum, you know, and you can figure out what coins you wanna take, but I would say you can take Ethereum. And, and and you can you can allow them to purchase homes with it. Right? So, you know, you give me 250 Ethereum plus a 10% buffer. Well, 10% is better than 30% because you have to pay, you know, 30% taxes when you sell out to to stables and then when you move it to your bank.

So you you avoid that. And then, also, just like what people are doing in in Puerto Rico, and then also, where is it? There's there's another area. But people are able to actually buy homes with Ethereum. There's a lot of crypto people that are going there.

So I I think that if you can help solve the taxation issue, you can help, bridge that gap where they don't you know, they can avoid paying that tax converted. And on the back end the back side of the business, you can also, you can loan out Ethereum, for for cash.

Steve: So this

Unknown: is the way you could go about it and then, you know, staking it. Proof of stake, it's deflationary. I think you can earn 6% right now. So those are those are ways to hedge against, you know, against against market conditions. Right now would be a great time to be doing that.

Yeah. Because you can get a ton of Ethereum. You know, we're here. And, the the the hope is that we go up.

Steve: But I didn't I had no idea how I had no idea how bad Ethereum was doing, right, until this morning. We're recording a video about Luna and Terra. And Yeah. Holy cow.

Unknown: Yeah. I I I mean, you know, you don't you you don't lose money until you pull money out of the market. Right? I've I have friends that have, gone from 20,000 to $3,000 Bitcoin and wrote it all the way back up to, you know, 60 k, and they're still holding their positions. Everyone that thinks Michael Saylor is a maniac because, while everyone's crying about the bleeding markets, he's putting more and more money in just to to to show his belief in Bitcoin.

So Yeah.

Steve: He had, like, spaces earlier with, like, 7,000 people in there.

Unknown: Yeah. Yeah. So, I think that that's one way I would do it. Another another way that I would do it is, you know, we talked a little bit about what what we could do, but I think leveraging it where if you don't have the experience, you don't have the capital today, paying, you know, paying an amount to to get an investment started, but also on top of that, learn. So being in in a Discord where if I'm in a Discord with you guys every single day, and I'm able to to learn about real estate, but I'm also, you know, compounding a little bit of money because I'm a part of a a project that is investing in real estate in ways that you guys know how to, and maybe I don't know how to.

So you it's it's stacking it's stacking on top of that. Right? I'm I'm I'm already earning as if I was, you know, had the same knowledge as you guys, but not in a in on that level yet. But I'm also learning at the same time. So I would do a project where it's, you know, you can kind of dip your toes in the water.

You know, again, if it's not for you, like we're talking about, I can sell it off. I paid 5,000 for it. I can sell it for 10,000 or whatever because there's someone else that is hungry. They wanna come in, and they wanna turn that $10,000 investment into a real estate empire. So that's the way that I would do it.

I think there's a lot of other things you could do, but really gamifying it, I think, is what's gonna set things apart. If you we always have fun. Like, creativity is important in life, and having fun is too. So I think that people are like, you better work hard. Well, yeah.

We wanna enjoy it. Yeah. The difference for labor. So I think that, again, having updated metadata and things that I'm collecting. Right?

Like, you got your first home. I got my first home. You know what I mean? So it's like

Steve: I mean, I can speak right now. We're like, just some imposters. Right? Like, I got my UFO. Today, we're minting pets.

I don't even know what time. Maybe it happened already. Right? I gotta go meet my pets.

Khang: Yeah. Okay.

Unknown: You're excited. You're like, what is it? Yeah.

Steve: And then I have my land. Right? So I think only thing I ask is when you get your land in the TMC. Yes. Just let me be your next door neighbor.

Like, whoever owns Decentraland, or whichever one was with Snoop Dogg, right, if you're his neighbor, like, you're doing pretty good.

Khang: Mhmm. Mhmm.

Steve: I just wanna be your next door neighbor.

Unknown: Well, that's the interesting thing too because now not only are you gamifying it, making it fun, but there's the the the land plots in Bored Ape Yacht Club. This is imaginary land, you guys. This isn't the three of us living next door to to each other in real life so we can have barbecues. This is on our computer. But in the other side, the Bored Ape Yacht Club land metaverse, they have land plots.

If you're closer to the center where people are assuming, not knowing, but assuming that the closer you are to the center, the closer you are to the yacht club. People are there's a difference between people on the outside are paying, you know, 3 ETH, and then on the inside, they're paying, you know, up up to, like, a million dollars

Steve: for Well, I mean, that's, like, the outer citizens. Yeah. And the Citadel. Yeah. Right?

I mean, there's as well, you don't know what exactly we're getting, but and there's also the in real life. Right? Like, real estate downtown is just more expensive than real estate in the rural areas.

Unknown: Yeah. Yeah. But I I think that that's how I would I would leverage it. I definitely would add levels of gamification to it and would look at, okay. Well, what's what's needed?

There's a lot of people that, you know, I know personally that have done really well in crypto. And, you know, potentially, they could put their money somewhere else, but just hand that off, get a home. Yeah. Or, you know, also on the on the opposite side, flip side of the coin, there's people that don't have a lot of money yet, but they really have the ambitions, and they need that help. And, you know, that's even more exciting to me and inspiring.

But yeah.

Steve: What so when is you I don't wanna make you commit to a change. Right? Because I've noticed with NFT projects that it's like an Elon Musk update. Like, eventually, it'll happen. Yeah.

Yeah. Right? Yeah. So

Unknown: The Roadster. Do you

Steve: have Dude, that's a

Khang: killer. I was supposed to get

Steve: that this year. Sick. Yeah. Like, I got the the wife signed off on the Roadster. Wow.

Khang: You'll be the most badass in the street. I

Steve: don't know about that. But, I was I got the sign off, and now I don't even know when the roadster's gonna get freaking done. Anyway Yeah. When, is your project hopefully rolling out?

Khang: Yeah. So we're man, this this project probably took us almost, like, nine or eight months or so since the time that we're like, okay. Let's rock and roll. We're planning we were gonna launch in April. We're pushing back.

Hopefully, by the end of this month, we'll be able to launch it. So those of you in, you know, follow me on Twitter or Discord, we'll make sure we'll keep you guys up to dated. But, Steve, here's something I want I would like you to ask, Pineda. So imagine of having an event. And I think for NFT, what makes it valuable is obviously comes down to it's exclusive.

So everything that I mentioned earlier, you know, I, with doctor JPEG said, hey, Kong. So why would someone pay this instead of getting why wouldn't someone just go to the regular mentorship route, and not get into instead of buying your, the whole NFT? And I think it all comes down to its exclusive. So for let's just say so for, I'm doing a real estate event. And so, like, how Gary v and this ideas came from Gary v, right, which is, VeeCon.

Right, where he do one big event once a year for those that has n n NFT to come. So I'm gonna do so I'm committed to three years. One big event every single year for the NFT holder to come. But what about this? And I don't know if Pena Pineda is gonna do this.

But we like, well, you know what? What if the people can't come? Well, what if three month before we we announce, right, the date, we're gonna airdrop you an event pass. So let's just say if you can't go. If you can't go, you can rent out the event pass or you can sell the event pass on OpenSea to someone that wants to go Right.

But you're still the original owner of the TMC NFT.

Steve: Yeah. So, you know, I I mentioned, earlier, like, I went to a crypto staking Yeah. Event just over the weekend. Right?

Khang: Yep.

Steve: In order to go, you have to have the NFT Yeah. For that event. On top of that, you need others. You need the n NFT for the first event and the second event, but you can't buy the first event. So I had to pay 0.4 ETH to borrow Yes.

The first one. Right? Yes. So I'm into this for 2.1 ETH to attend this event.

Khang: Yep.

Steve: But the first one, I don't even own it. I only own

Unknown: the

Steve: second and third passes. So, yeah, I think to your point that you could lease this

Khang: Yes. Correct.

Steve: Access.

Khang: Yeah. So so, basically, it's yeah. So so we're gonna airdrop you an event pass. If you can't go, you can sell it, or you can lease this to someone, but you're still the original owner. You still get access to whatever it is.

You know, I mean, there's there's a lot of things that we wanna do with, with the project. So because of the time here, I can only share so much for you know, we we are we're buying land in Decentraland and Sandbox already instead of telling someone, hey. You know what? Once we once we launch, here's a road map. Yep.

But so so our project is very community based when it comes to, voting. Right? So and and, you know, when doctor Jpek said about NFT, and I really wanna bring this up because I really want people to understand that I'm building this NFT as a community project. For example, you know, I'm willing to for the royalties. Gosh.

I don't even know if I can say this. So for the royalties, I'm willing to go fifty fifty. So 50% goes so typically, the creator gets all the royalties, but I'm willing to split 50% goes into TMT treasuries, and then we can use that money. And now what we're gonna do is I wanna start getting people that's already having skin in the game, that's part of the community that, hey. If if the project succeed, right, then everybody wins, which mean we're gonna start hiring people that's inside of the community.

You get paid for whatever it is that we decide to do. So, you know, the next thing we wanna do and that's why I'm holding off of hiring a developer to develop out the land that we that we bought in Decentraland, in Sandbox. Why don't we hire someone inside of the community, get them paid, they know what the project is about, and if the project does good, they do good. And, you know, beside that, you know, we wanna hire people that are maybe, hey, where we grow so much, where we need now hire, what I call them TMC pro closer. So for people to have, you know, that get into the real estate, but they don't know how to get on the phone, don't know how to talk, don't know how to negotiate.

What if they got someone that's inside of the community they send the lead to and that person will get on the phone because they already qualify, that person gets paid for their time, and then the deal gets on top of the contract. Right? And boom, we sell the deals and maybe somehow that thing gets shared within. And, you know, and I I mean, there's a lot of stuff that I really wanna do, you know, for those who invest in me and believe in the project. I I I really truly wanna, you know, to to give back and to do beyond of whatever the utilities, the perks.

For example, you know, we're about to close on, two big, wholesale deal. One of them is gonna make us, I think, right around, like, $1.50, and the other one, we're gonna do about a 100,000. What if I close on two big wholesale deal? I I'm just saying not promising. What if we close on two big deal or we have a good month?

And I say, hey. Drop me your ETH address.

Unknown: Yeah. You

Steve: can do that on Twitter. I don't know if you wanna do that on

Khang: a Yeah. Yeah. Yeah.

Steve: In your community.

Khang: But yeah. So so so that's just to name a few of the stuff that I would like to do.

Unknown: And for the Web three components, you know, I'm I'm super interested in in chatting with you about that. So if you'd like, I'm happy to chat about connect you with people, and advising. But I really like what you're doing because it's similar to what we're doing in Appreciate it.

Khang: Thank you.

Unknown: Non Funnel Brigade because you want to create an area where people can cultivate. And by being a part of this, you cultivate community, and they're able to benefit. Right? So builders and and non functional arcade builders can come together in a builder's chat. Hey.

I'm good at marketing. Hey. I can, you know, build games. Hey. I can, you know, cover the legal.

Hey. You know? And and now suddenly, they're all working together and and and, you know, they have this newfound friendship and business, and they all change their lives. So I agree with you on that.

Khang: I appreciate it, bro. Thank you so much. Yeah. Thank you.

Steve: We did have a question earlier. We didn't get the answer. OsoReal asked, why Canada?

Khang: Why Canada? Because Canada is not as regulated as The US. Really? Yes. When it comes to security, as far as I know, that's where, and and the turn, these guys are in Neo Tokyo

Unknown: Mhmm.

Khang: Was recommended. So we decided we'd chat with him. We'd chat with him on the phone. We also booked dude, I booked, like, multiple call. I know that because we're talking about the whole DAO and things like that, and, we booked a call with another, attorney.

That's that was, that was in, like one of us in New York, and the other ones was in, like, and the thing is, just like with wholesaling, if you talk to the wrong person, they say you can't do this, you can't do that, and, and things like that. But, you know, after everything, we decided this is the route that we're gonna go. And, as far as from right now, going going offshore, there's many, there's many of, there's there's about three or four of them that that you can do that that will allow you to do what you wanna do that is less regulated, that doesn't, get involved in the SEC. But for me, I think we're gonna choose Canada. But I think any I think, project that is you're taking, like, the real states kinda come in with Web three will probably have to go offshore.

As far as I know, as long as

Steve: Yeah. I love to hear that JPEG. Thoughts on that.

Unknown: Yeah. Yeah. You know, I think it's, again, to to relate it back to what we talked about before the show, I'm not an attorney. This is not legal advice. But, you know, I think that, it's similar to that if if I wanna incorporate, in Delaware, you know, I there's a website I can go to and and pay someone to be a man you know, the manager of that LLC.

And, because of because of that person, because of their association with the LLC, I'm legally able to be, you know, incorporated in Delaware. So I think that, you know, there's there's ways you can go around, around that where from a legal standpoint, outside outside of The US, there's the laws are a lot more lenient around securities, and and, you know, it's a lot more beneficial for you to to, you know, have your business there from from all standpoints. But, yeah, I don't wanna share too much. I would just say, you know, talk to you, talk to an attorney, make sure that you're, you know, you're sharing your your thoughts around what you wanna accomplish. And, you know, is it preserving capital, you know, from a standpoint that's more beneficial there?

Or is it, you know, what what is it what is it what are you trying to accomplish? I think if you start there and kinda work backwards, you'll be able to come up with the right place, but there is a lot of places.

Steve: Yeah. So, wrapping up.

Khang: Yep.

Steve: What did you wish you knew? Like, you you you jumped into this project. You said it's been nine months you've been doing this now?

Khang: Eight. Yeah. Somewhere around there.

Steve: What did you wish you knew before you start your project?

Khang: Well, I can say this, that I think anybody that are going to start an NFT project, I do wanna let you know that is definitely consuming. Like, if you wanna create, like, you know, a a a legit project where you're you're really about the community, making sure everybody wins, dude, they consume a lot because you gotta think of ideas. You got, you know, utilities, the perks. You know? What what is the holders gonna get?

And I think to me, that's and then you wanna give them so much, but then you can't because NFT is such so new that anything you touch, anything that like like, like, we wanted to do where the treasury, we create a DAO, everyone invest in it. We will and then it's gonna be a voting system where we actually vote on on where the money is gonna go and invest, and the profit comes back. It will get split into each shareholders. The more skin you have in the game, the more percentage you get, etcetera, like, not possible. So, you know, so my thing is, you know, you you I think you just gotta understand that if you wanna get into NFT and create your own NFT project, you just know that this is gonna be a a decade.

Like, it's a ten years plus game plan. So whatever it is that you got going on, if if you're like, hey, Kong. I can't commit to ten years, then just don't because it it is truly, because you just gotta continue adding value and value. Because to me, Steve, it's almost like, as a creator, your NFT is, like, kind of like your own stock. Right?

If if people don't like it, they sell it, your stock crash. And guess what? Everybody else hurts. Like, when you're one decisions, and you stop adding value to it, boom. Like, every like, that's why I don't want office spaces because now you got a lot of people that are depending on you, right, to make sure that this project is valuable and continue to maintain the floor price and increasing value, you know, over time.

So yeah.

Steve: So be ready to commit.

Khang: Yeah. If I were to give an advice, I would that's what I would say. You gotta be ready to commit. Like, this is a ten year game plan plus. Yep.

Steve: You like the JPEG?

Unknown: Yeah. I would say, understand the reason why you wanna do it. You know, there's not everyone's gonna have an eureka moment, but I was sitting around when I started on Funnel Project, and I was like, you know, I really enjoy, gaming, and I really enjoy, you know, the the income opportunities that I've that I've had from, the multiple projects that I'm in. And it was just kinda like, hey. Why not do that?

Because I wanna create that feeling and experience for other people. So, figure out what it is you wanna do, and then you need to study other projects. You should have you, like, you ideally should have experience in business. You should ideally have experience in the market. Mhmm.

And I'd be like, hey. I wanna turn $10 into $10,000,000 because that's just a 100% not how it works. And then also be humble enough to realize you don't know everything. And, you know, you should you should be networking and looking for people that are experts at the things that you need help with. So smart contract developers, you know, security, data, everything and anything.

Like, you need to really realize that this isn't some get rich quick scheme. Like, you know, I I feel like, unfortunately, some people are making it look like from the outside, but, it's actually a business.

Steve: So Yeah. You wanna make just a couple quick announcements?

Khang: Sure.

Steve: And then think about what's, like, the final thoughts you wanna leave everyone Sure. With. Yeah. Guys, if you got value today, please like, subscribe, share, comment. It really helps us reach more people.

And if you're if you like what we're doing here or if you have any suggestions, please comment below. Right? Like, this is a newer format, and we want to help as many people as possible. So, you know, just let us know. Give us some advice.

We're listening. We wanna make this as best as as possible for you guys. So what's some of the last thoughts I wanna leave everyone with?

Khang: Man, Steve, all I gotta say, man, is that dreams don't work unless you do. And I think there's there's, I think too many people now growing up, like, thinking that they want it easy. Like, it's it's not gonna come to you easy. Like, everything like, throughout my whole entire life, everything that I want, I gotta work, I gotta grind, I gotta hustle for it. It it never came easy.

Alright? So so for those that that even you pay for coaching, for mentorship, whatever it is, you still gotta you still gotta put in the work, my friend. And, you know, it's it's it's just dedication and commitment, and just keep on going.

Steve: Awesome. How can someone get ahold of you?

Khang: Yeah. So if you wanna follow me, you can follow me on Instagram, TikTok, Twitter, Real King Kong, and, also too is on YouTube. It's just King Kong.

Steve: Yeah. And if they can't find you, it's just you're potentially suspended for just a minute.

Khang: Correct. I have been I have been suspended multiple time on TikTok, so if you can't find me there, there you go. Just hang in there.

Steve: I'll try to

Khang: get the account back.

Steve: He'll be back. Yeah. He's created so much content on TikTok that every once in a while, they'll find something old that they don't like.

Khang: And then they bet. Yeah.

Unknown: That's yeah.

Steve: If someone wants to get ahold of you.

Unknown: Yeah. I am doctor jpeg underscore on, Twitter. That's the best place you can find me. And just sharing, you know, thoughts into, closing. I think that, you know, success is figuring out how you can help others, to help yourself and realizing that the journey is this sounds cliche, but the journey is is really the the important part.

It's a special part. You know? That it's not about the destination. It's about taking the steps and being in it every single day and and and growing and learning from that. And I think that that's a huge part of it.

So if you're looking around and you don't feel motivated, inspired by that, keep looking until you find something that you authentically feel good about. And, you know, you have good days, you have bad days. You know, nothing is is perfect, but, find what drives you and go after it.

Steve: Yeah.

Khang: I love it.

Steve: Especially right now. There are good days and bad days. Right? It's it's it's a crazy market right now. And I think that you you need such an iron stomach to withstand the ups and downs of of this space.

Unknown: Yeah. You I mean, you gotta you you have to have things going on that you're, again, you're you're paying attention to and you're and you're grateful for and working on outside of staring at charts and reading, people's, doom and gloom posts all day. So, yeah, get some fresh air.

Khang: Well, before Steve, I wanna say thank you so much, Steve, doctor JPEG, for having me on here, man. It's such an honor to be sitting here because I know there's many idols. Right? Great superstar have set here. So, dude, truly honored.

Thank you so much.

Steve: Man, it's been, like, think, two, three years in waiting. I was begging you to come down. I was like, I will take you to Scottsdale Fashion Square and buy you a vest. And that's what it takes to get you down here. Awesome.

Thank you. Steve. Thank you. Mister Kyle. Thank you.

Alright. I'll see you guys later. Okay.

Khang: Thank you so much. Argus.

Unknown: Shout out to Steve train. Jump on the Steve train. We real estate disruptors.