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In the -- out today.
California led the nation into the housing recession and now.
May be quite may be it may be leading everybody added the housing recession.
You -- explain Curtis in Sydney suppliers they -- me from.
LA hey thanks so much for joining us -- happy -- -- so I would -- web site and it's really really insisting you guys are still.
Making money you've been doing it for twelve years flipping out says I didn't -- -- -- do it before it even got popular but you're still -- today you're able to.
I have foreclosed property.
Picks it up salad and make money explained -- -- still able to do that.
Well it's actually kind of easier over the past.
Just over the past six months the -- there's so much pressure.
This kind of -- and they have to get rid of them and the thing is a lot of families can't get loans on these houses that are just -- reported that.
That'd -- so I haven't cast even mow the yards -- so.
What we're doing is I think it's -- service is we're we're picking he's happy pennies on the dollar fifteen in my beautifully.
You can still -- them under market to families.
Yeah I know I saw your website which is very interesting you show the before and after pictures in quite some of these homes were just you know left.
And they were showing them there where this home was just not taking care of obviously you know this is the concern of a lot of the towns and cities across the country is that their neighborhoods.
I just going down the drain because he's home -- is taking care of them.
So did Cindy know Q are you kind of borrowing money from banks to buy these homes -- do you guys have your own source of cash -- -- tapping into.
-- -- -- -- -- business model and the last couple of -- months -- six months heading here actually we have four small children.
And we cannot man obviously had kept project plan -- my finale doing a threatened refining capacity.
And -- slipping into at investors.
Could any -- from -- and seven to tap him but by buying them.
Actually what that means is is getting them under contract this is called wholesaling.
Now we have fixed up and flipped over you know we lost track around 270 houses that.
In 06 you know 78 the market at least the Southern California just almost died completely.
And it -- it became very difficult to sell retail homes so we changed our business model actually -- we will still picks up the house here in Arabic.
We're we're hoping movies out to you know other investors that want to buy and hold and put it can -- Or even takes amendments on the -- to profit themselves at any kind of -- get fixed in the neighborhood back to come back to I think and Brett.
And still nothing in the -- -- this -- well though are you finding it hard though to listen you're selling it to other flippers.
Our investors are you finding it hard to -- families by these homes because the banks.
Are so being so strict on giving out loans.
The thinking -- what we're hearing stated you know and and again what we're doing when our investors that.
Buy from us when they fix it up beautifully they're actually selling it under market.
So that makes it easier for families to qualify.
I'm here I'm still hearing stories that like about -- -- actually almost half.
Of the Astros are falling out because landing.
They keep tightening their guidelines and it's it's hard for families to qualify.
I know it's on this legislation coming and they're they're rectifying that they're making it easier for families to get home.
You know I think through the solution to this housing thing is to justify these nonperforming assets and get him to the families who want them.
Right right absolutely thank you both so much in continued success he -- the work -- because I don't California's early.
Struggling cell in we would mean is all things there may notice that's the rest of the country and what isn't -- your website again.
Far below market dot com okay thank you very.
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