Paul Mark Morris

I did it in a way that I was like, tell me if you think it costs 20 grand to fix it, tell me 40.

I don't want to undershoot it, just overshoot it.

And the number came at 200 grand.

And the easy math is 4.65 plus 200.

Now you're at 4.85 with all the stuff fixed.

And then I went to a great realtor, even though I'm in that business, I went to a great realtor who specializes in the area.

He knew the house, he knew the view, and he just said, there's nothing, you cannot touch anything with that kind of a view for under $1,200 a square foot.

So that math is $6 million.

So for 4.85, I'm getting $6 million worth of house.

And that, by the way, was in one of the hottest markets

That's when it was buy, buy, buy.

And I was still able to get essentially that steal.

It wasn't a steal because guess what?

It had been on the market, which means every end user, every investor,

had already seen this place and passed on it.

And being able to see through that with the help of experts to, because I'm not an HVAC guy, you don't need to be any of this stuff.

You know, just get the right people, get the right information, make an informed decision.

And that's how I gained a million dollars equity, you know, at the close of escrow.

Right.

Buy where you know, make sure it's value add and make sure it cash flows.