What's going on, YouTube? It's Matt Faircloth. Thank you for watching Mentorship Monday. I
appreciate you guys. And if you appreciate us, you want to take a minute and subscribe
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There's a button to subscribe to our newsletter too. If you guys have real estate questions,
you want to email those to helpme@DeRosagroup.com. That is helpme@DeRosagroup.com. And we'll answer
your questions right here on the YouTube channel for you and everyone else to learn from.
Today's question comes from Brandon, and this is a good one. This is not the answer Brandon thought I
was going to give him, but let me read it. "Good morning. I was wondering if you could email me a
copy of your standard lease agreement. I'm not sure if you ever covered this on another video,
but I've watched almost all of them and I haven't seen it mentioned. I know leases vary state by
state, but I was just looking for some high quality examples to use as a reference." So
here's the thing, Brandon, and a lot of people ask that. People ask me, "Hey, can you send me
a typical agreement of sale? Can you send me a lease agreement?" And this is even further,
"Hey, I see you've syndicated apartments. Can you send me a private placement memorandum
that you've used?" or something like that. So the answer is no. I won't do that, and here's
why I won't do that and why you guys shouldn't ask people to do that either. So don't ask people to
send you that stuff. Just pay the couple of dollars to hire a lawyer to do it for you,
because everything that I have is state specific for me. But there's also a certain education
you're going to get in working with an attorney and structuring these types of deals. And I get,
it's a couple 100 bucks. It might cost you even 1000 or something like that. But if you don't have
a $1000 to invest in your business then you should be doing wholesaling, or you should be doing
something else. And I submit to you, you probably do have $1000 to invest in your business, and if
you don't, you should save it up, because this business takes money to be involved in, and one
of those money things you have to do is legal. Getting free legal advice, or getting people
to give you stuff they paid for so you could have it for free or to "review" and whatnot,
which is pretty much for me to give it to you for free and you're going to take it and put your name
on it, right? It's okay, Brandon. I love you, but what let's call a spade, a spade. That's probably
what you're going to do. And that's okay, is to put your name on it and call it your own
and everything like that. But that's not accusing you of anything, but I've had a lot of folks that
have asked me the same thing. And when I first got started, I was asking people that too. "Hey,
can I get a free copy of your stuff?" So, first of all, don't ask it, don't ask people that,
because you should just pay for it. And you get the education from your lawyer
at assembling these things and you're also subjecting the person that you're asking this
for to pretty much take on liability, because if you have my lease and then you ended up having a
tenant complaint or something like that, somebody is going to say, "This is an interesting lease.
Where'd you get it from?" "I got it from Matt Faircloth." So it would very easily get me in
trouble, get you in trouble, and it'd be even better to have an attorney write it who would
then defend you if you had a claim against it or something like that. So stop asking people for
free legal documents. Not just you, Brandon, but everybody else out there. You know who I'm talking
to, and own up and have an attorney on your team. There's very affordable attorneys that can work
with you to create these kinds of things. All right, not the typical Mentorship Monday
question and answer, but I saw this one come up and I'm like, "Well,
this is a good one. Let me hop on this." So anyway, remember us helpme@DeRosagroup.com to
send your questions and I'll answer them right here. Subscribe to the channel, subscribe to
our newsletter, and do me a favor, guys, get out there and have a great and profitable week.