Episode Transcript
[00:00:00] Speaker A: Welcome to Home Story with Veronica. I'm Veronica Diquez and today we're diving into the people, places and decisions that make a house a home. You're watching NOW Media Television.
[00:00:13] Speaker B: And we're back.
[00:00:14] Speaker A: I'm Veronica Dicus and you're watching Home Story with Veronica on NOW Media Television. Let's jump back into today's conversation.
Welcome back to Home Story. Joining me is someone whose journey represents discipline, resilience and purpose. Ricky Chavez is the team lead of the Ricky Chavez team at Better Home and Better Homes and Gardens real Estate. Gary green, a retired U.S. army veteran. Thank you for your service. And the host of Battle Ready right here on Now Media Television. With over 30 years of leadership experience in both military service and corporate hr, Ricky brings strategy, integrity and unwavering commitment to into everything he does, especially helping clients through major life transitions. Ricky, welcome to Home Story.
[00:01:03] Speaker C: Hey. Hi, Veronica. Thanks for letting me be here.
[00:01:06] Speaker A: Of course. Absolutely. Today we're starting with your personal journey, how military discipline transformed into real estate leadership and why success is never about luck, but about consistency, structure and purpose. The challenge many viewers face is believing that success, especially in real estate or achieving major goals and is based on luck. When progress feels slow, it's easy to become discouraged. This segment helps viewers understand the role of discipline, structure and mindset in creating long term success rather than expecting quick wins. Ricky, how has your experience in the military shaped the way you serve your clients today?
[00:01:42] Speaker C: You know, it's interesting. I was an army recruiter and nobody wakes up in the morning want to go in the Army. So we planned and we executed our plan.
And now in real estate, you know, when I, when I work a plan and I follow through with a plan, I'm able to get out there and meet a lot more people and, you know, talk to them a little bit more. And I get into coaching mode because in the military we coach everybody to the next level. And speaking more is a little different. But as I've been in real estate, you know, I do a lot of coaching. You know, doesn't matter how old a person is and how long go they may have not bought a house in, you know, four, five, six, eight years. And things have changed. So everything's always a coaching, walking them through the process.
[00:02:24] Speaker A: Absolutely. And that's so important, especially with people who have never, you know, purchased anything, just to have that structure into guiding them of what the process entails because it can be a little stressful sometimes. Things happen.
[00:02:36] Speaker C: Oh, 100%.
[00:02:38] Speaker A: Yeah. Now what lessons from your time in service translate Most directly to real estate and leadership for you.
[00:02:45] Speaker C: You know, I think you always move forward, you always try to do your best. You know, it's the sky's the limit. You know, you have a can do attitude. So the good thing about the military, it's all about just moving forward. You know, you always have a backup plan. And in real estate, you know, when people, when it gets started getting tough out here, no, you just be, you got to maintain your consistency, keep doing it because, you know, it's all about top of mind. And you know, people talk about things and today they might be interested in, in buying a house, maybe not. You know, right now it's at the end of the year and people do not know what's going on in the market.
So my whole goal is to make sure and help people learn what's going on. I mean, new construction is a prime example. And you know, they're ending their year. I mean, their, their incentives for buyers are just off the cuff.
[00:03:46] Speaker A: That is very true and I love that. It's, It's.
Yes, you're 100% right.
And you know, we were talking a little bit before we started recording and we said, you know, we were joking that as soon as we go on vacations as agents, we start getting business.
[00:04:01] Speaker C: Sure.
[00:04:03] Speaker A: Yeah. That gets me to my next question. How do you structure, integrity and consistency help in navigating a competitive market besides going out on vacation?
[00:04:13] Speaker C: Well, you know, the interesting thing is, and I said this to Ryan the other day, one of the things that a lot of agents don't get out here is you have to partner with the other agents, you know, because it's not about us, it's about the buyer and the seller, and we represent both the buyer and the seller. And, and if we are not on the same sheet as agents, it could be a struggle for them. And it's already a stressful time for the buyer and the seller. So I think a good conversation between the two realtors about what the goal is. It's not about us personally. It's about conveying the thoughts of the buyer to the seller and vice versa. It makes the transition and the transaction go so smooth. And the other pieces, talking your prospective client through the process, okay, this is how it starts. These are the steps we're going to go through. Here's some of the challenges. Here's where we're going to negotiate. So as it happens, throughout the transaction, they become more relaxed instead of being scared about knowing what's happening next.
[00:05:22] Speaker A: Absolutely. That's one of the for me, it's the same thing, is that that relationship between agents is gold because it can truly break a transaction for your CL clients if it becomes, you know, highly emotional and negative. It's not personal. We're representing our clients. We're doing business.
How do you. I'm curious about that. How do you set up that expectation with the other agent from the beginning, whether you're on the sell or the buy side?
[00:05:47] Speaker C: No, I, I appreciate that. And it's. I always, I call them. I'm like, hey, listen, I want to introduce myself. You know, I, I look forward to the transaction. I want to let you know about me. You know, I've been doing this for this long. This is my goal as an agent, and that is to convey the thoughts of my client. These thoughts are not for me, and I appreciate the same from you. You know, it's. It's so often that I will send a, an amendment to the other agent, and before they even talk to their client, they say, well, we don't like this. Well, you know, it's unimportant to me. Whether you like it or not, please present it to your agent, I mean, to your client, so that they get the opportunity. Because I look at it this way. I never know how my client is going to react to an offer to an amendment for repairs because they know their financial situation. All I do is provide it to them in the best way and negotiate the best deal. So I let them know our job is to be partners for the success of both sides.
[00:06:59] Speaker A: Absolutely. And one of the key things I think you said is pick up the phone. Because a lot can be misunderstood by text or email, 100%. Oh, it can get to a whole different level. And you didn't even mean it that way. So just pick up the phone. Especially when things get complicated. How do you explain that to your clients? Now, if, if, for example, a buyer or a seller is watching the show right now.
[00:07:21] Speaker C: Okay, how.
[00:07:22] Speaker A: What expectation do you set for them or what is your advice for them to make sure that they're working with an agent that is doing exactly this, being professional with the other side so that we don't complicate the transaction when we don't have to?
[00:07:35] Speaker C: Well, you know, I definitely tell them to interview. Interview agents. You know, everybody has a degree in Google today, right? Everybody knows everything. So understand Google tells some of the story, but actually look into what's been going on with the person you're working with.
There's a lot of very strong personalities out here in real estate.
And some of them, I think I was telling Ryan the other day in Houston, there's about 48,000 realtors or so, and over half of them didn't even sell a house last year, from what I understand. I mean, so who knows who's out there? Everybody may talk a good game, but, you know, just do your due diligence, right, and look at some of the reviews and don't be afraid to ask your. The agent you're interviewed. So, hey, can you give me the name and number of one of your clients that, that we can talk about, you know, how it went.
They have to do what's best for them.
And sometimes agents are scared of that. Look, I've done a lot of things out here, and I love it. And I want you to talk to all my clients, you know, because I'm going to tell you the good, the bad, and the ugly, because I think it's important for you, for you to make that decision.
[00:08:47] Speaker A: I love that. And I. From your battle ready, I want to ask you about that. Can you share how your battle ready mindset helps you and your clients overcome challenges when buying or selling a house?
[00:08:58] Speaker C: Sure.
So, I mean, I have a situation that's going on right now where.
[00:09:05] Speaker D: I.
[00:09:05] Speaker C: Have a buyer that has this place that he really wants. And, you know, during the inspection, there was some challenges with the house.
So we walked through the inspection. Now, understand this, and I know you know this already. An inspector is like a generalist, right? You go to a doctor generalist, and they're going to talk to you about what's going on with you. But if you say you have, you know, respiratory problems or your breathing's hurting, they're going to send you to a respiratory specialist, or they're going to send you to ear, nose and throat, or they're going to send you to a cardiovascular. They're going to. They're going to send you to a specialist. So when we got the inspection, I let the buyer know, okay, the next step is, all right, it has stucco. Let's find a stucco person that can go out through and do a stucco inspection. And then we're going to go out there and find somebody that's going to do a foundation inspection, and they're going to inspect the specifics that the inspector, you know, brought up as possible highlights. And then we're going to gather everything together and we're going to sit down and talk that through.
Now, it goes back to the question we talked about just a minute ago.
I also read, you know, reached out to the agent and let them know, okay, here's what's going on. You know, and this agent was amazing.
So she talked with her client, who is the seller, and the seller reached out to our same general contractor and he said, look, I want you to go out there, I want you to review all these things. I'm going to pay for it. And let's, as a team figure out what needs to happen so that he can sell his home and. And my client can buy the home because he really wants it. Because there's nothing out here that we cannot negotiate.
[00:10:57] Speaker A: Exactly. That's one of my things. You know, when I prepare my clients, I always tell them everything is negotiable. We just have to. You don't have common sense.
You're not going to not buy a house because a doorknob is loose.
[00:11:10] Speaker C: Sure.
[00:11:10] Speaker A: No, I mean, it just set that expectation. But yeah, I love that. Being battle ready. It's setting the expectation, mentioning what challenges might come up so that your clients are prepared and just being a beast at negotiating and communicating with the other agent. And it's amazing when we get to work with other great agents, the transactions, it doesn't matter how many obstacles you have. No, they go briefly. I love that.
[00:11:34] Speaker C: 100%. 100%. I'll tell you, I have another transaction where, you know, the agent, you can tell she's been struggling and in past conversations, she's been talking about that.
[00:11:47] Speaker A: Do you mind if we talk about that on the next. Because we're about to go out on a break.
[00:11:50] Speaker C: Yeah, no worries.
[00:11:51] Speaker A: Yeah, keep that thought because we are going to talk about it. And we'll be right back. Up next, we're going to shift our focus to the people Ricky cares deeply about, veterans and service families and how they can find not just a home, but a sense of belonging. We'll be right back.
We'll be right back with more stories, strategies and inspiration to help you write.
[00:12:12] Speaker B: Your next home chapter.
[00:12:14] Speaker A: This is Home Story with Veronica on NOW Media Television.
Stories, strategies and inspiration to help you write your next home chapter. This is Home Story with Veronica on NOW Media Television.
[00:12:30] Speaker B: And we're back.
[00:12:31] Speaker A: I'm Veronica Dinkerez and you're watching Home Story with Veronica on NOW Media Television. I'm let's jump back into today's conversation.
And we're back. I'm Veronica Dicus and you're watching Home Story with Veronica on NOW Media Television. Let's jump back into today's conversation.
Welcome back to Home Story. I'm here again with my guest, Ricky Chavez. In our first segment, we explore the discipline and leadership foundation behind Ricky's real estate success. Now we're focusing on a mission close to his heart health, helping veterans and service members navigate the home buying journey with confidence. Many veterans and military families feel misunderstood in the home buying process. The rules, the transitions, and the financial pressures can feel overwhelming, and many don't know about the support or advantages available to them. This segment gives clarity, encouragement, and practical knowledge to empower service families to take the next step. Before we do that, I know we ended on a cliffhanger on the last segment, so I want to make sure that. Ricky, can you please finish the story that you were telling us right before we went out on the break?
[00:13:39] Speaker C: Oh. So, you know, basically I had an agent that was just overpowering, overbearing on an offer that she had sent to me. My client was traveling, and it's taking them a little bit longer to sign the offer. I basically just told her, listen, you know, I hope this is not an indicator. Because she was starting to get arrogant in her text. I said, I hope this is not an indicator of how the transaction is going to be. I received it, They've agreed to sign it. I forward it to them, and as soon as I get it, I will send it to you. You know, just please be patient.
And then her whole personality changed, because I think she realized at that point, you know, it's out here, it's feast or famine, you know, but it's not about us. It's about our clients. So we just got to make sure that. Take your time. It'll happen when it needs to happen.
[00:14:26] Speaker A: Exactly. And. And when you do that, you set a certain tone of the rest of the transaction. So if you start that aggressive and not on top of everything, it. It. You know, the rest of the transaction is going to be the same.
[00:14:39] Speaker D: So horrible.
[00:14:40] Speaker A: I.
Yep. Set the tone from the beginning. It's supposed to be smooth, even with challenges. Transaction.
[00:14:47] Speaker C: Yes. Now for sure.
[00:14:48] Speaker A: Yeah, absolutely. Going back to what we're supposed to be talking about now.
[00:14:52] Speaker C: Sure.
[00:14:53] Speaker A: As a veteran yourself, and thank you so much for your service. What unique challenges do military families face when buying or selling a house?
[00:15:02] Speaker C: Man, Fear.
Fear. Okay. I can remember buying my first house, getting to Houston. It was 105,000. I was an E8 in the army, and I was like, oh, my gosh, I don't even know if I can afford that. I mean, it was like a thousand years ago. Okay. So it's a big difference. But, I mean, it was like, wow, it was scary. You Know, and so I have these veterans that don't realize their buying power. All right? And we definitely want to make sure when we talking to our clients, whether they're veterans or not, our goal is never to make them house poor where they can afford a house, but they can't afford to eat afterwards.
So sitting down with them and counseling through the process, let them help them understand the programs that are available for them with the VA loans in Texas, the Texas Land Board, and if they have a disability rating, I'm sure I'm not familiar with all the other states in Texas that raises their buying power.
So they may be looking for a house at a certain price, but because here we pay, you know, home taxes, but they can maybe afford a bigger house at a lesser price based on their ratings.
[00:16:19] Speaker A: That makes a lot of sense. And that. And I believe that the fear. A lot of times when I work with veterans, veterans myself, it's just lack of information, lack of being educated on, you know, everything that they have available to them.
What.
Speaking of that lack of information, let's talk about how VA loans work and what advantages do they offer that people might not know about?
[00:16:43] Speaker C: Well, you know, it's. You have, you have to provide closing costs. Right. But, you know, it's no. It can be a no money down loan.
So my first license was a mortgage license, but I still do not talk mortgage because everything always changes.
However, I just did a VA loan recently and for. To buy in another, to buy my primary property now. And, you know, the rate of the VA loans, a lot less. You know, I mean, I think they're up to 800,000 now. At one time, there was so much less.
So you actually have to sit down with a lender. And as an agent, we do a great job of partnering with good lenders that understand the programs. One of the guys I work is also a veteran. So when we get the veterans together, three of us get on a call. He coaches them through the process of no money down or having money for closing costs. Having what out of money out of pocket money that they need to have, like for inspections, for earnest money, for option money, for appraisals, or these things that we need to coach them through. But other than that, you know, there's great opportunities for them to, to maybe negotiate away the closing cost.
[00:17:55] Speaker A: Absolutely. Speaking of that, I just closed on a veteran, I wanna say, a month or two months ago, and we were able to get the seller to buy all the. To pay for all the closing costs with the seller concession. So my clients Literally didn't have to bring any money to the table. And I think a lot of people don't know that that can be done.
[00:18:14] Speaker C: Well, you know, and the beauty of it is this. I just had a client also, like you, New Construction, they were in a lease, so they had three months left on their lease.
The builder paid all the closing costs, Right.
Not only that, I asked the builder, could they pay the three months of rent so that they can move? And they paid the rent also. So it's. You have to go with an agent that is not scared to champion your negotiation. You know, ask. Especially when it comes to new construction.
[00:18:52] Speaker A: Absolutely. And that's, you know, a lot of my clients sometimes fear. We were talking about fear. They're afraid of. Oh, but what if they say no? Then they say no and we move on. But if we don't ask, we never know if we're going to be able.
[00:19:04] Speaker C: To get it 100%. I think that's the beautiful thing about it and that I learned in the military early on. I had a Vietnam veteran that was in the last part of his years. I was young, private, and I was like, all pouting around because I didn't go someplace that weekend because I was stationed out of country. And he's like, what's wrong with you? I'm like, man, I didn't go. He said, why didn't you ask? I said, I didn't want him to say no. He says, ricky, you have to ask, what's the worst thing to happen? They can say no, but how crazy will you feel? Had you asked that, they would have said yes. That stuck in my. That's resonated with me forever, 100%.
[00:19:42] Speaker A: It's gotta ask. You always have to ask.
And speaking of that. So let's talk about misconceptions. What are some misconceptions about buying a home as a service member or as.
[00:19:54] Speaker C: A veteran, in your opinion, that they can't afford it.
That is the biggest misconception that they cannot afford. You don't know what you don't know.
[00:20:02] Speaker B: Right.
[00:20:02] Speaker C: You can't afford it.
And I think that's the biggest one. That's why you need to talk to a professional, the lender, the agent together, and this is the way you can develop a plan to get you where you want to be.
[00:20:16] Speaker A: Yes, exactly. And a lot of times they wait. This is what I've seen, and this is where I try to educate my clients and the people that I know. A lot of times they wait until they think they're ready to talk to the lender. And I tell them it's so important to speak to the lender as soon as you think about buying a house so that they can prepare you to be ready to buy the house if you're not yet. Is that something that you apply as well?
[00:20:39] Speaker C: Let me tell you something that is 100% correct. Because what happens is they wait till they think they're ready. They go to the lender, they're all built up, they found the perfect house for them and then there's something going on that they need to work with. Right?
[00:20:54] Speaker A: Yeah.
[00:20:54] Speaker C: The second part of the lender piece is this.
The lender specializes and they have this what if scenarios in their systems a lot of times. So they, let's say maybe you're not quite ready. They can tell you what to do to get ready. Because I have also seen clients and I'm sure you've experienced this, where they get a bunch of money and they pay the wrong thing off because they're. They don't think debt to income, they think, oh, this is the biggest bill, so I'm going to pay it off. But it was the least expensive monthly debt.
So let the professional coach you through it.
[00:21:33] Speaker A: Yes. And it's funny, I use the example, you know, they. Well, my mom told me this or my uncle told me this and I always ask them, is your mom giving you the money to buy the house? No. Is your uncle giving you the money to buy the house? No. Then why are. Why. They don't know. Right. You need to talk to the person that's going to give you the money. That's the person that's going to tell you what they need from you. So that's 100%. I've had so many clients pay off their own debt. Oh, gosh, it is heartbreaking. Just talk to the lender.
[00:22:01] Speaker B: Absolutely.
[00:22:02] Speaker A: And Ricky, where can people follow your work, connect with your team, or learn more about your mission to support veterans and families inside.
[00:22:13] Speaker C: I'm located in my office in Cyprus. I live in Tomball. But you can go to Better Homes and Gardens. Gary Green, Ricky Chavez or the Cypress area realtor, Ricky Chavez. The Ricky Chavez team. I have a team of five. We speak seven languages.
We're doing our best to get out there and help you guys in, in a way that makes you feel comfortable. Because the most important thing is that you're ready for everything.
My daughter is my office manager and then I have just an amazing team of people. And it's not about chasing money.
Money's not important. It's all about taking care of our people. And that's why my moniker is still serving.
[00:22:56] Speaker A: I love that. And you specialize in what areas exactly? Just to make sure that my viewers, I'm in North Carolina, so I want.
[00:23:01] Speaker C: To make sure, you know, so Houston, surrounding areas. I have homes listed from Galveston to Willis. And I'm not sure, I know that doesn't make it a lot to you, but all over the place, I mean, we're going to figure out a way to help you. Whether it's help you or find somebody best helps you. Matter of fact, I just referred somebody with a ranch in Mexico to, to one of our, one of our people in our network.
[00:23:26] Speaker A: That's awesome. So whoever wants to contact you, the easiest way is to go to your website then.
[00:23:32] Speaker C: That's right. Or you can call me 832-541-7545.
[00:23:37] Speaker A: That is awesome. Any last minute advice? We're about to end the show, but I want to know any last minute advice that you want give to veterans who think that homeownership might be out of reach for them.
[00:23:49] Speaker C: Pick up a phone, call a Realtor and ask questions, interview, find out who knows veterans programs. Call me. And I don't care what state you're in, I'll help you with the, with the conversation with the realtor in your area.
You can do it. I mean, it's, it's there for you.
[00:24:10] Speaker A: I love it. It has been so good talking to you. This has been incredibly valuable and thank you for sharing your heart, your leadership and your expertise with us today. Your journey shows that a home is more than a place. It is trust, support and the courage to start a new chapter for our viewers. If you are navigating big decisions, whether in real estate or life, remember the right guidance can change your entire story. Thank you for joining us on Home Story with Veronica. I'm Veronica Dickes and we will see you next time where every home has a story worth telling. Thank you for watching strategies and inspiration to help you write your next home chapter. This is Home Story with Veronica on NOW Media Television.
[00:25:00] Speaker B: And we're back.
[00:25:01] Speaker A: Hi, I'm Veronica Dinkis and you're watching Home Story with Veronica on NOW Media Television. Let's jump back into today's conversation.
[00:25:11] Speaker B: Welcome to Home Story with Veronica. I am your host Veronica Dickes. And today we are exploring how real estate and media come together to build something much bigger than business. My guest is Hai Chien Wong, CEO and co founder of Tycoon Property Partners, one of Washington D.C. 's fastest growing commercial real estate investment and management firms. In a short time, Hai has led Tycoon into a portfolio of three soon to be four office buildings, all while bringing innovation, storytelling and purpose into the heart of his work. With a dual master's degree in real estate development and architecture and Urban Design from Columbia University, plus deep roots in architecture and design, Hai has redefined how we think about property, opportunity and legacy. Hai, it is a pleasure to have you on the show. Welcome, welcome.
[00:26:04] Speaker D: Oh, thank you so much for the kind word, Veronica, and it's my honor to be here to share our story with you.
[00:26:12] Speaker B: Yes, we are so happy to have you. And many companies are simple businesses, but the deeper why behind them is often overlooked. This segment explores Hy's vision of combining real estate and media to create lasting value, culture and meaning.
What was the original inspiration that led you to start Tycoon LLC and later on Tycoon Media?
[00:26:36] Speaker D: Before we dig into it, I would like to kind of discuss a little bit further on searching for the why.
I highly recommend every business owner dig into it before they start a business because business is tough. You're going to have to navigate so many different challenges and different adversity and that why will give you the joy, the excitement and in the meantime also give you the resilience and perseverance for you to overcome those difficulties. A lot of time if you just want to make profits business profitable without having a belief in why, sometimes you will start to drift and when you start to drift, you're going to lose focus and in the meantime your employee and your team will become less productive and disengaged.
So to have a why and to have a belief and to enforce and execute that vision I think is utmost important for any business entrepreneur or people who want to start their business.
[00:27:48] Speaker B: Yeah, I agree.
[00:27:49] Speaker D: As far as as far as what inspired me to start Tycoon Property Partners, I think I would like to share two personal story One is that I was raised by my grandmother.
My grandmother grew up in the war and with very little resources when she relocated to Taiwan where I grew up and she had a alcoholic husband and completely not being helpful to any household duties and not able to share any responsibility with her. She was able to raise four kids through graduating from college and have decent job and able to stay on their own.
Her resilience and the way that she was able to navigate all the difficult conditions, it's something that instilled in me at a very early age and a second thing that I came to learn was the prior Company funder that I worked for over 15 years.
He is a very, very successful real estate business magnet.
But he also spent a lot of time giving back to his alma mater, to his church, and also to his community.
And through his dedication and to see how he cared more than more than himself, teach me a lesson that someone actually can live beyond his life and make greater impact.
And I think these are the two, I guess two stories and also two experience that I have been through and that helped me to start Tycoon 5 partners.
As far as Tycoon, that's a great story.
[00:30:04] Speaker B: Yeah.
[00:30:06] Speaker D: As far as Tycoon Media, Tycoon Media is really unexpected outcome. After we start Tycoon Property Partners we quickly learned that we need to have a good market visibility for startup company.
Otherwise there are so many startups and there are so much competition in commercial real estate. And without having a social presence or without having a media outlet, it's hard to be recognized and it's hard to get the story out effectively.
So that's kind of how we start the media arm after surely after we start Tycoon Property Partners.
[00:30:49] Speaker B: Okay, yeah, that's 100% true. That are trying to make it in this world. Definitely need that exposure to be able to reach out people. You know, now everybody's on their phones and on their computer and that's how we get a broader reach. And your businesses do combine real estate and media. How do these two industry industries work together to create something bigger?
[00:31:13] Speaker D: I think like I mentioned earlier, that as we start to run a real estate company, we quickly find out that what make real estate intriguing is more than just four walls, a roof and some numbers on the spreadsheet. I think what make real estate really interesting is the story behind it is how we live, how we dine, how we entertain and, you know, how we collaborate. And on this portion of the real estate story, you need to it need to be told from a different outlet. It needs to be have a different fresh, untraditional approach.
And so that's how we decide to combine the real estate business with the media outlet.
[00:32:03] Speaker B: That's great. And you're giving so many people a voice that they couldn't really, maybe they don't have to set up or the resources to do it. So I think that what you're doing is absolutely fantastic.
And in speaking of that, how does storytelling through Tycoon Media help redefine how people view property and opportunity?
[00:32:25] Speaker D: As you know, and seems you also practice as a professional, you know, real estate investor and the broker, a Lot of times we just use, we look at the images, we look at the pictures. But again, I think this is more of a standard business approach to tell a story. We try to bring in the media part to provide a fresh perspective from a human perspective. From a more intriguing part that telling a story about how people use it, how they meet and where they hang out, I think we bring in the human perspective into the fold and try to tell the story from there. For example, you know, recently we have a new sushi restaurant about to open in our building. And then we didn't focus on showing the space. We didn't do like a commercial saying, oh, it's coming soon. Instead we went to video and record the chef when he was serving dinner, when he was cutting the, serving the sushi and cutting the sashimi. So it becomes more resonate with everybody's life and it becomes more relatable. And then from that perspective, real estate in reality become part of our life. Instead of just a four walls, some nice pictures and some numbers.
[00:34:02] Speaker B: That is 100% true. And it is interesting you say that because a lot of people that work in real estate now, we're all involved in the community, right? Real estate is part of the community. And in showing different places like that, like you said, filming the chef instead of just putting a picture of the restaurant, it makes all the difference in the world and people actually wanting to go there. Now looking at what's the legacy that you hope tycoon will leave for the next generation?
[00:34:34] Speaker D: As you know that we tried, we're really open to explore and approach real estate from different way and, and we are hoping that the way we approach real estate inspire younger generation real estate. Like I say, with the new technology and with the current, you know, environment and without we have AI and we just leave through Covid our human behavior and our new technology is completely different.
And we. I think it's also a great time for the younger generation to see real estate and to explore real estate using the new tools they have.
So one of the legacy we hope that we can leave is that we inspire younger generation, younger entrepreneur that have new original ideas that come to impact this real estate world. That's the first thing. The second legacy that we hope to create and to have impact is that I like to describe ourselves not a selfish investor. A lot of time when we invest in a building, we look beyond the building. We look at the urban block, we look at the neighbors, we look at the streetscape, we look at the urban landscape. We hope to create a positive ripple effect on every project we evolve and that people see that we are willing and happy and committed to improve the surrounding. In the meantime, we create a better urban environment.
[00:36:29] Speaker B: I love that. That is, that is you're going to make such a difference for so many people. I absolutely love it now. We'll be right back. And up next, we're going to look at the new generation of real estate entrepreneurs and how young minds are changing the game.
[00:36:43] Speaker D: Okay, thank you.
[00:36:45] Speaker A: Good beer strategies and inspiration to help you write your next home chapter. This is Home Story with Veronica on NOW Media Television.
[00:36:58] Speaker B: And we're back.
[00:36:58] Speaker A: I'm Veronica Dinkinis, and you're watching Home Story with Veronica on NOW Media Television. Let's jump back into today's conversation.
[00:37:08] Speaker B: Welcome back to Home Story with Veronica. Want more of what you're watching? Stay connected to Home Story and every NOW Media TV favorite live or on demand, anytime you like. Download the free Now Media TV app on Roku or iOS and unlock nonstop bilingual programming in English and Spanish on the move. You can also catch the podcast version right from our website at www.nowmedia.tv. from business and news to lifestyle, culture and beyond, Now Media TV is streaming around the clock. Ready whenever you are. I am here with Hai Qian Wang, CEO and co founder of Tycoon Property Partners. And in our first segment, we explored the vision behind Tycoon and how real estate and media come together with purpose. Now we're shifting focus to the next generation, how young entrepreneurs are changing the real estate game and creating wealth in brand new ways. For many young people, real estate feels overwhelming and unattainable. This segment uncovers how today's entrepreneurs are using mentorship, technology and creativity to build new opportunities and lasting wealth.
Hi. What makes this generation, in your opinion of real estate entrepreneurs, so different from the past?
[00:38:24] Speaker D: I think the most dramatic difference for this generation is their access to data and their access to technology.
You know, now we're on the cusp of AI breakthrough and with the AI applications, it's such a powerful tool that our younger generation can save so much time to gain market insight and to streamline a lot of operational complexities. And this will really help them to save a lot of time and find a niche. I think this is the most advantage and the very different tool that we never have. And now this technology has come to mature and it becomes accessible for any new entrepreneur who wants to explore the real estate world.
[00:39:22] Speaker B: I love that and especially real estate that it's so based on data. Like if you look when people Talk about interest rates, we'll look at the historical data. If they talk about prices, we'll look at the growth that you've had. And everything is based on data. So that is absolutely right. Now, speaking of that, it can be a little overwhelming. How can young people learn the business side of real estate without getting overwhelmed, in your opinion?
[00:39:45] Speaker D: I think I say this maybe a little bit controversial, but I think I recommend all the new entrepreneur to search for the purpose and to come up with a solution that can improve the customer experience.
The profit will come afterward. The profit will come to you when you provide the value to your customers.
So I think if you think that way, you probably will be less overwhelmed. If you think that way, you will think, well, how can I do better? And you will try to come up with the solution to solve the problem utilizing today's tool. You know, another thing is that with, with the AI, I think it can quickly peel off a lot of asset type that probably doesn't fit the entrepreneur well for his personality or for his background or for his area of expertise.
However, in the meantime, if he can also gain some hands on experience in deals negotiation, in construction meetings or in all kinds of real estate exposure to combine with today's technology, this way they definitely can advance with the purpose they want to achieve and accomplish.
[00:41:16] Speaker B: That is so true. And we always tell in our agency, when we have new people starting, we tell them, don't wait until you know everything to start because you're never going to start. It's a business that you're never going to know everything.
Yes. And it's a matter of, you know, providing the experience.
Like you said, provide the experience around yourself with knowledgeable people that can help you gather the information that you'll need in the process.
And speaking of that, of gathering information and surrounding yourself with people that can help you. What role do mentorship and community play in helping young investors succeed?
[00:41:51] Speaker D: Well, I think the mentorship and the community is really, really meaningful and impactful for a young entrepreneur.
Let's talk about the mentorship first. As we all know that starting a business is extremely challenging and a lot of young entrepreneurs start without any resource and a lot of time. They will deal with a number or hundreds of failures from the get go. The mentorship can provide and help to train the mental toughness and also help them to navigate with resilience and with the perseverance.
And on the community side, I think the community, if the entrepreneur can find a community that encourage entrepreneurship and it could be a nice sounding board and so the group can grow together, they can share the experience and then you can also share the failure they have when they try something new. And the community become a good support as they continue to explore and grow their business.
[00:43:02] Speaker B: Absolutely. And real estate is such a world of community because we're always working with each other and you have to have the right contacts. And if you're doing a purchase, there's going to be an agent on each side.
And in mentorship, what you said is absolutely key. And I'll never forget what someone told me. And I think it's out there in a book or something.
You are who you surround yourself with the most, the five people that you surround yourself with the most. So if you're trying to succeed in business, definitely look for five successful people in what you're trying to do so that they can take you far away.
Now, switching it a little bit. We talked about mentorship and community. How do you think that technology, media and creativity help new entrepreneurs build strong brands?
[00:43:46] Speaker D: I think the new entrepreneur have to have these three to create a strong brand. And each technology, media and creative play a different important part of a strong brand. The technology side is that it gives you the market insight, it quickly give you the research information. So it helps you to align your effort where you see the opportunity. And then on the media side is that it help you to maximize your marketing exposure so you have you increase your visibility through media, whether that's, you know, TikTok, Instagram, Facebook or LinkedIn. And on the creativity side, that I think for every entrepreneur, creativity was is going to be the most important ingredient for the entrepreneur to build a success. Because if they have the technology, they have the media, they have to have a creative mind to tell the story of their business and also to come up with something to set it apart from the competition. If the entrepreneur able to utilize the utility and build on the technology and media, I think that entrepreneur can experience exponential growth in a fairly short amount of time.
[00:45:24] Speaker B: Absolutely. And you know, a lot of people at the beginning, me included, were afraid of doing the videos and everything. And once you just get past that fear and you start being yourself, I started doing I have a sense of humor, I love laughing. So I started doing some sarcastic funny videos around some of the listings that I have and those have created so much attention and people have reached out to me because of this. It's just showing your personality and like you said, standing out. Now, before I ask you the next question, I do want to make sure that I ask you this because this has been incredible and very valuable. Where can people follow your work and learn more about Tycoon and the opportunities that you are creating?
[00:46:04] Speaker D: So people can look us up on Tycoon LLC.com or also on Tycoon Media.com.
we are on LinkedIn. We're on Instagram as well.
If they search for Tycoon Partners or Tycoon Media, you're going to see a number of our updates and project insight from there.
[00:46:30] Speaker B: That's awesome. Make sure that you follow it, because everything that I've seen so far has been so interesting and so absolutely helpful.
Now, last question before we go on our break. What daily habits or mindsets shift, separate those who only dream from those who actually make it happen?
[00:46:51] Speaker D: I think, you know, as you can recall, that we just came out from COVID a couple years ago, and what we really learned from the pandemic is that life is finite. And we. I think if we understand that we all have the same destination, eventually what becomes the most important is how we build out the process, how we make it more fulfilling, how we make it more exciting.
So I think if we understand to cherish every moment and make every day count, I think you will choose not to be idle. I think you choose to act and choose to execute something so you don't want to leave with any regret.
[00:47:44] Speaker B: Carpe diem. Absolutely. I started real estate, actually, when Covid was in the middle of it, and I got very sick with COVID and it was a very scary moment. So what you're saying is absolutely true. It's, you know, stop waiting, stop being so afraid. Take, take action. Tycoon is giving you a platform where you can express yourself, where you can do videos, you can do different things to reach out to the community. Please, please follow them and take advantage of it. Hi. Thank you so much for sharing your story. Your personal story at the beginning was so incredible, talking about your grandmother. I appreciate you sharing that and your vision with us today. From building Tycoon with purpose to inspiring the next generation of entrepreneurs, you've shown us that real estate is about more than buildings. It's about meaning. It's about community. It's about legacy. And to our viewers, take this insight as inspiration to pursue your own vision and to build with both courage and purpose. I am Veronica Diquez. This has been Home Story with Veronica. And until next time, keep writing your own home story. Thank you so much. Much. Hi for being on the show. We really appreciate you.
[00:48:47] Speaker D: Thank you so much. Thank you for having me.
