Peter Falcon

So you get in touch with homeowners that are trying to sell their house, or maybe they're interested, maybe they're not.

You contact them.

You say, yeah, hey, would you be interested in selling your house?

They say – if they say yes, you say, okay, I can probably get you whatever.

Get you $100,000.

Even though in your mind you know I could probably flip this house –

Probably get an investor or somebody to buy it for $120,000.

So you tell them, I'll get you $100,000.

Can you give me 90 days?

We'll put $1,000 in escrow, whatever.

So they say, yeah, they sign it for $100,000 for a 60-day or 90-day contract.

And then you go to a hard money lender or you go to somebody, some investor, somebody, and you say, hey, man, I got this house for $120,000.

Yeah.

Because you've got to buy it cash.

And then so they schedule a closing.

They go – everybody shows up.

They close it.

This person buys it for $120,000 from you.

Yes.

And you now have the $120,000 and you buy it from the original – the true owner for $100,000.