Paul Mark Morris

That's not going to work.

It's still a great idea.

It just doesn't work in a very high priced area.

So instead of buying the worst house in the best neighborhood, what I'm buying is, you know, close to the worst house in an area that I know is up and coming.

And I know it's up and coming when, you know, about 25% of the houses are done.

There are other signals I use as a signal, you know, are there cool coffee shops coming in?

Are there...

vintage shops or just like the cool stuff is coming in and then you you just know that it's starting you know that it's starting to turn because if you buy too early uh which i've done that too like i know this neighborhood is going to change and you want to catch it early

and you buy too early, you just never know.

Like it could take forever.

So you have to like miss the best buys and wait till it's already starting to turn.

And then everybody in the neighborhood is like, did you see that place?

Like that is crazy what that sold for.

But when it's only like 20 to 25% redone, you're already paying more than the people that first got in.

But you know that that train is moving, which is important.

You are following the cool kids.

Couldn't have said it better.

Yeah.

So when you're doing it for your own home, it's buy where you know, buy the value add, and then know that you can afford the payment.

And so if you can afford the payment, that's the same exact thing as it cash flowing.