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so look a guy asked me today yeah he said can you make money on in this kind of real estate man let me show you something dude the guy that bought this joint he made a bunch of money ran the business probably a hedge fund you don't make money on this kind of real estate okay I'm paying I think they've won one hundred fifty grand for two weeks here Halla December there was no snow so you know they didn't make any money in December last year I tried to rent this joint from him for two weeks and they wouldn't deal with me so I went but I wasn't ready to place it down the street comparable but not not as nice by the way I told this dude last year to rent your place to me I know he's trying to sell it because that's what happens with all these second homes second homes third homes they all get sold later typically they get sold by the way for less money than people paid for in the first huh so the dude last year that I rented from I put it all on the Instagram in YouTube he sold this house this year when I told this guy what I wanted to pay for the joint he says okay I'll rent to you this year man all of December probably November to December he didn't have a runner so if he gets one or two or three maybe four renters a year he ends up written eight ten twelve weeks a year it makes four or five hundred gram big deal he's got twenty million bucks invested in that house dead money sitting there no income most of the year lots of expenses I come in turn on the water the the the jacuzzi the pool everything's being maxed out like stays on 24 hours like it's impossible make money on the house like this so the way to make money in real estate is you want to buy something to produce this consistent income and that only needs to be rented at 85 or 90 percent in order to pay the bills pay the taxes pay the improvements take care of the roof the paint okay come on buddy yeah there's a little bit of snow my boots too so look if you're gonna play the real-estate game know what you're doing okay don't pave Keysha no whoa whoa whoa whoa stay away from the vacation homes you want dependable rental income okay something people need that's why we buy in markets like Houston Orlando Tampa oh she's got problems she's got problems so notice like when they do these ski lifts they build these ski lifts that's hedge fund money they sell off all the parcels of land all this if the Lots are built on custom builder comes in they sell this off try to get a lot of their money back and then they use the ski property to produce income for long periods of time it's a different kind of model and what we do with apartments and office buildings what you want is dependable wood real estate you want dependable number-one rule Warren Buffett says his look don't lose money number two rule don't forget number one rule number three rule I'm gonna tell you number three rule don't ever lose money dude number four rule you got to get invested at some point you got to get invested you guys are their 401k and retirement accounts yes steps you got him sitting there dead money sitting in banks you got a bunch of money sitting stock market get the money out of there put it in a sump produces income not one home how about five hundred homes sitting on one piece of property if people pay for hey Ron see see if people pay for every month 500 or 800 or thousands we got about five thousand homes in our portfolio now five thousand apartments residential income 1,200 to $1,500 a month rent do the math on that okay there's enough income to take care of taxes maintenance management paint carpets insurance losses vacancy everything okay while we're paying down the debt each month when we have principal pay down what are you doing buddy now you're not gonna get there cuz I'm worried about that spot right okay it's a big knee bust right there okay guys what I want to do is bring it on in now okay all right so look look like when you're playing in the snow work playing with your kids when you invest in money you need to be careful you need to know what you're doing and then once you know what you're doing once you're going down that hill you need to go down that hill and find the edge that's what we do we find big deals in great locations we take a lot of time to find the deal and once we do dude I move fast I move fast and I move hard you better have a good legal team a good accounting team a good team behind you better have know the brokers in the marketplace people better take you seriously and by the way you didn't close the deal yet okay hey what's the beauty of this big icicle right here oh look at that huh big go big baby go big go big what you a sickles go big on your trips go big in your business and go big we're real estate