Peter Falcon

What did you flip it to?

In wholesaling?

I mean, I'm assuming it's multiple people are flipping the property.

Yes.

Okay.

So let's say this person comes to me, right?

They're just gonna out- Whatever people ask me, I'm like, you understand that there are corporations that are, there are companies that do nothing but go out and buy those things

and they'll wait three, four years, buy them all up, and then they'll buy the... They're set up to do this.

You can't compete with them.

And they don't have to make that much money either.

They're okay with making...

just a very small amount where if you do it, you need to get that property, sell it, make 50 grand or 100 grand or something.

They're willing to make a lot less than that.

And so the competition is gone.

It's oversaturated with these companies that are willing to make a little bit of money.

Like 7,000, 8,000.

Because it's so secure.

And they can wait.

It's a corporation.

We got 180 of these things we're buying, and every month we're closing on four or five of them, adding four or five.