Todd Pultz

I'll give you an example in Dayton, Ohio.

I'll give you an example.

In Dayton, Ohio, you know, I was buying quads, like four unit apartment buildings for 20,000 bucks when I first started.

You know, I was buying quads, like four unit apartment buildings for 20,000 bucks when I first started.

Now you can't do that anymore, but you can still buy them for under a hundred grand.

Now you can't do that anymore, but you can still buy them for under a hundred grand.

But what happened was our market, all these quads in the Dayton, Ohio area all jumped up to 250 to 300 grand.

But what happened was our market, all these quads in the Dayton, Ohio area all jumped up to 250 to 300 grand.

Whoa.

But the rents didn't support that.

Whoa.

But the rents didn't support that.

But investors that were just jumping in the game, like, oh, I want to be part of the game.

But investors that were just jumping in the game, like, oh, I want to be part of the game.

So they were overpaying for all these properties.

So they were overpaying for all these properties.

And now what they've realized is the rents don't support it.

And now what they've realized is the rents don't support it.

I'm losing money every single month and they're trying to sell off these properties and the values are kind of going back down.

I'm losing money every single month.