Todd Pultz

So when the housing bubble kind of burst, that's what people are doing.

There were shady banks that were out there that were giving 90% loans, but then they were like, oh, well, here's another 20% loan that we can get from another bank

There were shady banks that were out there that were giving 90% loans, but then they were like, oh, well, here's another 20% loan that we can get from another bank.

And people are getting leveraged 110%.

And people are getting leveraged 110%.

So then when the market shifted, that's when everything blew up.

So then when the market shifted, that's when everything blew up.

now banks are so much more strenuous that it's hard to do that.

Now banks are so much more strenuous that it's hard to do that.

Not that you can't get into something that's a little shady, but now banks are, they're very picky about it, right?

Not that you can't get into something that's a little shady, but now banks are, they're very picky about it, right?

So our rule is this, I never want to be leveraged more than 75% in any property.

So our rule is this, I never wanna be leveraged more than 75% in any property.

And what you have to do is you have to understand what your market is, right?

And what you have to do is you have to understand what your market is, right?

California is different than New York.

California is different than New York.

New York is different than Florida.

New York is different than Florida.

Florida is different than Ohio.