[Music] Welcome back to real estate mindset and Happy Thursday June 6 I have a really Good story for you guys today on Institutional investors in the housing Market that are currently in distress And there's certain facts that we know Fact number one is we have proof and Evidence that you know these are no Longer forever houses that institutional Investors are selling houses and we also Have evidence now that some of these Listings in some of these markets are Being sold for 20% under what these new Home builders listed those properties For in 2022 and so today I have an Aspiring investigative journalist on the Housing market here to help answer these Questions if you guys like what he has To say go to his YouTube channel real Estate Watchman or rather re Watchman Really really cool guy I've actually uh Been to his house in San Antonio when we Did a boots on the ground video he's Very heavy on boots on the ground and he Also loves data Vis uh so just you know Allaround good guy and sir I really Appreciate you being here uh Sean but You know help us understand what's going On with institutional investors and if You can I know there's a lot to talk About you know tell the viewers your Background obviously you're in San Antonio but let's start with first key
And let's start what's going on Regarding the 400 lenar homes that they purch Purchased in the San Antonio area and And Sean how are you today brother hey I'm doing great thank you so much for Having me and all you do for the real Estate mindset community so really Grateful to be here yes sir so you know I appreciate your time this was the last Minute I think this is one of your first Podcasts so you know to the viewers bear With him I appreciate your courage but It's just you and I brother and you know You know tell us what's going on with First key and and who they Are sure so first key homes is private Equity uh they you know essentially have Bought 400 plus lenar new construction Homes in San Antonio but what I noticed Is that they've started actually now Selling homes in most of those Communities where they bought homes just Two years ago in San Antonio and several Of them at a you know pretty steep Discount so would you like me to go Ahead and show kind of the the visuals Here or do you want to start with yeah And and I'm going to share uh Sean's Screen now you guys but you know some of The questions that I'll be asking Sean And hopefully will answer during this Video is is you know why right why are These institutional sellers
Institutional investors selling these Properties they're supposed to be Holding this forever is it a Non-performing asset problem is it a Liquidity squeeze and then also how can Us as normal US citizens do this type of Investigative research in our own local Housing markets to find this out because Sean if I'm a buyer on the sideline Potenti future buyer in the sideline and I'm seeing this in my market I'm seeing Institutional investors fire sell their Homes I like that that's good if I just Bought it's not good uh but if I'm on The sideline it's good and so we'll ask Those questions uh there's your screen Brother tell us what's going on sure Absolutely you know and I appreciate you Saying that because I am just a consumer I do like working with data and I do That professionally but I started Looking into this and it was interesting You know the more layers you peel back The more things you find and I think This really all started when you all Visited San Antonio there was American Homes for rent who's a large Institutional Investor they had a home For sale at a deep discount and which I Shared with you all you you showed in The video and we then found that they Had actually sold you know 600 plus Homes in Texas in 2023 after years of Being a net buyer so clearly they were
Shifting um and so as I found you know Some of these examples of first key Homes you can look this is a m Of the I'll start with the the homes That they purchased so most of these you Know around 2022 2023 and you can see That they're in clumps here I'll zoom in For one Example you know a lot of people will Say institutional investors only own a Small percentage of the market which is True but it's not a small percentage of Your Market or your neighborhood if You're in this area right here so they Purchased all of these homes as new Construction from lar and and so then if I if I zoom back out you can see you Know handful of neighborhoods here on Different parts of the city and and I Think the specific Parts they bought in Is a whole another interesting story but Uh if you if you look now I'm going to Also show these are the homes that they Have listed for sale right so you can See that it's pretty much a few homes in Each of the neighborhoods where they Bought these large chunks of homes so We're talking about usually about a Quarter of the street many of these Streets were bought by first key homes And so again you know now they're Selling a few of them in each of those Neighborhoods and the question is why so Soon after they bought so many why are
They selling them now and just real Quick Sean you know I just want to give You props because what I'm viewing right Now is it's very impressive uh how You're able to take that data and Visualize it and to the viewers what He's showing you the first map he showed You is how many home's first key Purchased and first key is an Institutional Investor that has been Purchasing single family residences in The San Antonio area now they've bought High concentrations he's showed you Clusters of these houses obviously if You're an existing homeowner in those Areas it's very very bad uh and now the Second chart that he showed again Amazing data visualization is the same Institutional Investor first key who Purch purchased all these lar homes in 2022 and in 2023 is now going against the narrative Now that the housing market is solid and Stable and that these houses will be Held forever and are now selling them Again amazing data and so it brings us To the next thing like you said Sean is Why are they doing This right and just observations I can Make as just a normal consumer with Public information would be one they Obviously haven't been able to get the Rents that they thought in some of these Areas right which is interesting in
Light of what's been happening in San Antonio recently so on the multif family Side you know the local news here Reported recently that Apartment Occupancy is at 87% and expected to drop To 84% by the end of the year so we have You know kind of more Supply on the Rental side so they weren't able to get The rents they expected there also Having their property taxes increase Significantly so as we've had inflation In the housing sector that obviously Then affects your appraised values it Then leads to higher property taxes and In a high tax percentage State like Texas where individuals have caps on how Much their taxes can go up by each year The investors don't have those caps they Also don't get the exemptions that Individuals get so they're seeing rents Lower than what they expected higher Costs in the form of property tax taxes Than what they expected so now here they Are Selling okay I mean you know and do you Another question you know obviously what You covered is is they could be Manipulating values for uh tax Assessment purchases which is a huge Thing for cap rate here in Texas or the Yield or profit an investor would make That is possible you will say as someone That protest assess value in Texas you Know usually they they use
Three-year-old cops so you know it is Possible they're doing that but I really Like how you honed into the Nonperformance of these you know So-called assets essentially no longer Performing the same way and I wonder Sean do you think another reason is you Know that they may be selling is a Liquidity squeeze you know all of the Quantitative tightening the lag effects Do you think that potentially they are Selling these houses to get the money And maybe the money is to stay in Business longer to keep the doors longer Maybe it's to invest in a future crash In prices but what are your thoughts on Them selling because they need the money Right Now I mean it's certainly a possibility I think first key homes is a little Different than let's say a public Company where so American homes for rent They have public financials you can go And see that they sold all those homes This is private Equity so you don't have Quite the visibility into their Financials um I you know could it be Absolutely I mean I think more than Anything I'm a citizen asking the Questions I don't necess neily have the Answers I think that's an interesting uh Theory for sure and you know I think Especially as you've read other articles Recently I know a Business Insider has
Reported on REITs you know having Financial troubles and and needing to Sell assets and things like that I mean It's definitely a plausible uh you know Reason and they do have this is only Kind of one category of what they're Selling right they have hundreds of Homes for sale at least um you know in My local area uh but they you know this Is just sort of one subset I think this This one is the interesting subset Because they just bought them a few Years ago right and they own so many Others that are just like it they're on The same street they're in the same newb Build community that's why this sort of Category is interesting to me but They're selling plenty of other homes And it could be for any number of you Know liquidity reasons other things like You're suggesting I mean I would I would Think so and and if you can share screen Again Sean can you show the viewers you Know again we don't have to guess we Don't have to use our emotions let's Just show them what's happening you know Like right now can you show them Sean The listing that you were able to find On Zillow that is showing Significant price reductions I believe This is from the Institutional Investor First key let me share your uh can you Can you tell the audience what we're Looking at here let me move us out of
The way sure so this is a home listed For sale it's in one of these Communities where first key has bought a Number of new buil homes from lar it's Listed at 285 but if you scroll down Into the history here on Zill and again I'm you know I'm a citizen I'm not a Realtor I don't have access to MLS to Really look at sale prices so this is All that I have available is the list Price but you can see that essentially Lenar listed it in April of 2022 which Was a hot time for the market at 354 first key now listed at for sale in February of 24 for 315 but they've dropped it over the last Few months all the way down to here at The end of May 285 so and that is Sean it says a I Think it says $149 a square foot scroll Back down if you can what was the Original listing price after they Purchased it from lenar how much was That a square foot 165 okay so pretty substantial drop if You want to just look at the price per Square foot Right absolutely I mean you know some People you could say okay well maybe They didn't pay the sticker price from Lenar in April they're a large investor Possibly but even if you just look at The history of what they tried to sell It for initially and how long you know
It's sitting and they're dropping the Price the fact that they're continuing To drop the price here is is really Interesting yeah and and these price Drops are happening it looks like every Two to three weeks If I'm not mistaken so it that's why I'm Saying it kind of looks like a little Bit of a liquidity squeeze if the house Market was so resilient in our markets At least there would be no need to drop The price of your house you know every Once every two weeks for a period of Months um this is very interesting now You know what I try to tell viewers Sean Is that this is it is concentrated in Texas Texas we have a lot of Institutional investors we see multiple Institutional investors selling their Product but this is also turning into a Nationwide problem a nationwide Occurrence to where these institutional Investors are selling for one reason or Another now can you tell the viewers Sean from your boots on the ground Experience in the Texas State uh in the San Antonio area have you seen anything Going on from any other institutional Investors obviously you mentioned American homes for rent we covered that Uh you kind of alluded to uh maybe fund Fund raise that that where you could Invest $10 a year money To be an owner of a house them in
Distress will you touch on what else You're seeing in your Market from other Institutional Investors absolutely and so that listing That I showed you didn't preserve the Rent history but if you look at not only The sale price if you look at the rent You'll see that they did the same thing As far as other institutional investors Selling um this is an interesting story That I came across uh fundrise so Essentially fundrise is trying to Market Themselves as a way for you to in invest As little as $10 into their platform and They go buy real estate and you know They they say it will unlock the kind of Real estate capabilities of large Private equity for you is if you have Only $10 and so that that's what they're Pitching but one of the things I noticed Is there's a community it's a build for Rent community that fundrise purchased And if you read about it on their Website it had a lot of they gave a lot Of reasons for why they did that a lot Of them were very specific to 20 2020 2021 the pandemic they had gave a lot of Pandemic reasons for why they purchased This build for rent Community they said It it would be a great place for social Distancing you know that they have yards Instead of uh because they're built for Rent single family homes instead of Apartments people might not want to live
In apartments Etc because of you know What was happening at that Time well they originally planned to buy 120 homes Build and buy 120 homes uh you know Build for rent but what happened is They've now built 60 and they've turned Around and they're selling two of them So they had this plan to to build twice As many as what they actually have and Now they're it seemingly pivoting in Some sense in that they own the rest of The homes in this community as build for Rent right so the fact that I could as Just a normal consumer go on Zillow see A home for sale and not not probably Realized that this was a build for rent Community owned by this kind of fintech Company that's that's for investing Right so that that's interesting and Kind of Odd and um I think we're about to get a Little bit of background noise for just Momentarily from from the baby so sorry About that no you're good I mean you Know I if I'm a buyer I wouldn't Personally want to be one of the only Owners in a subdivision and I wouldn't Necessarily want to be surrounded by Renters not because I think renters are Bad people not at all but generally Sean There's a different pride of ownership Generally a renter is going to beat the Property up call the landlord if there's
Any issues the landlord's going to be Cheap and probably not want to do Anything and so it's a different pride Of ownership you know maybe there's more Issues go ahead I mean I agree this is Not necessarily to say anything negative About you know people who are renting at All it's to say hey if I'm making this Large financial decision I at least want To have the information to know that That's what the case is and consider That rather than because if you go to You know if you go to the the listing For this fundrise build for rent home For sale it says you know it's located In the coveted community of I forget the Name of the community but so I thought Well what's so coveted about that Community okay well it's a build for Rent Community right and so okay if you Know that it's one thing but a consumer Could go in and and have no idea and so One of the communities that I did I I Went into the neighborhood I I talked to One of the neighbors and I said hey you Know there's some interesting things Going on here I have a YouTube channel I'm looking at real estate and they had No idea they said what kind of Interesting things are going on here and I said and I said well you know this Large investor came and bought all these Homes she said well I did notice a lot Of them were listed for rent and hadn't
They'd been listed for rent for a long Time but they didn't know so they made This purchase and even if the Institutional Investor got a discount on The purch price you know when they Bought so let's say that one example we Looked at the 2022 price let's say the Investor didn't pay that price well I'm Not as interested in that as I am did Some consumer pay list price in 2022 and was there incentive in the form Of a rate rather than a discount on the Price and if so if an investor comes in And buys them much Cheaper well that affects the individual Right of course yeah because now the Individual has a home that's no longer Worth what they paid for it and you know Here's the thing you know kind of hit me When when you were saying and talking About fundrise them purchasing a build Toorent community in the outskirts of San Antonio really hurts it you know the Way of life the quality of life and the Level of affordability that those Citizens had I mean a lot of those Citizens intentionally this is prior to Covid I'm saying the locals Intentionally moved out of the city to Go to these affordable places and then You have these I don't know how else to Say these greedy institutional investors That wreak havoc in these areas and now Some of these areas appear to be in
Great distress uh and so to kind of just Recap us Sean you know we talked about Potential you know the why right we Talked about liquidity maybe they need Liquidity to me as someone that you know Is kind of reviewing and looking at what You're saying trying to you know as a Citizen how do I interpret this the Price cuts to me show the need for Liquidity if if they can't hold on the Market if there's no one willing to Purchase these houses uh if they're Selling for under market value it's Distress they're selling in distress Under market value uh and so there that Would suggest liquidity issues but also You mentioned property taxes in Texas we Have crazy property taxes especially Especially Sean as you know on new Bills New build property taxes are generally Way higher than oh there was absolutely There was one 118 S7 square foot house Where the property taxes were $4,000 and I do think a lot of people go Into their purchases not really having An accurate idea on what their property Taxes will be especially for existing They look at what they were but maybe The person who previously lived there Had these caps in place from homestead Where the taxes were only going up by a Certain amount per year I've seen a lot Of situations where people bought Existing hes investors and individuals
They bought existing homes the taxes Skyrocketed and now two years later They're turning around and selling so One example of that if we're speaking of Institutional investors was uh Blackstone was selling um you know There's been a lot written about them Recently and potential liquidity issues For them there was an example where you Know taxes skyrocketed um there's a There's a a Affiliated company it's um Home partners of America uh that's kind Of a subsidiary and they were selling One of these homes where clearly they Bought it the taxes went way up because Of the inflation we've had and I think a Lot of people weren't expecting that or Didn't you know they they didn't realize That that was going to be the case well And I mean this you can kind of say the Same thing about these institutional Investors as it pertains to the Increased interest rates uh but also the Property taxes my point being is you Know not only do we have that double Whammy it's a liquidity uh but Potentially the performance of their Assets being that you and I boots on the Ground understand property taxes Especially on new builds it's been Skyrocketing and they don't have Homestead protection on property taxes Homestead protection you have to it has To be your primary residence if you own
The house you have to live there and Then you have Homestead protection and So that's a double whammy but really Sean it's just triple whammy and I want You to go into this real quick and then We'll ask the final question but Competition you know they they also There's so much competition there's so Much institutional investors in Texas But not only institutional investors mom And pop shops so can you talk about what You're seeing as far as the data with Apartment uh occupancy uh perhaps you're Seeing free rents advertised what's Going on boots on the ground from a Competition standpoint out There absolutely absolutely so yeah so Apartment occupancy local news presented It's 87% now in San Antonio expected to Drop to 84% by the end of the year so Multif family there's a lot of building Of new multif family um and if you talk About the institutional side Trion large Institutional Investor rents a lot of Homes what they've been doing is Essentially offering as much as you know A month free and free deposit so Essentially two months off of your rent And obviously they're doing this because They don't want to lower the sticker Price they want to sort of give you and It's kind of the same idea as the Builders right initially they didn't Want to lower the sticker price they
Said we'll give you a rate buy down so We can keep the sticker price High uh And that you know but now we're seeing That you know they're not able to Clearly uh rent for what they expected To rent them for and they're also uh you Know yeah I think I think rents are Softening the idea is people will say Hey if homeowners if people can't afford To buy homes well these investors will Just come in and buy them and I pushed Back on that because one they were doing That at a time when you know fixed Income as an example was paying such a Small percent it was paying almost Nothing right so they were looking for 5% at that time would be good well now You have increas in cost and property Taxes you have if they were to buy new Ones obviously the interest rates are Much higher to borrow so there's all These factors where I just don't believe They can continue passing on the rents And I think we're starting to see that I Think for as long as they can they'll Try to offer incentives and make it you Know seem like they're not lowering the Sticker price but at the end of the day I think we're we're seeing that the Consumer is tapped out that they're not Able to pass on their their incremental Costs onto the consumer in the form of Rents and so they're having to do Something about it and you know honestly
Sean I feel like being that we're in San Antonio or in Texas I think this is Ground Zero I think this will spread to The rest of the nation I think that we Kind of have you know upfront and center But to reiterate what you said for the Viewers basically Sean said by and Correct me if I'm wrong Sean but by Roughly December 2024 the vacancy rate Is going to be 84% so they they'll be 16% vacancy rate so that's insane first Of all 16% is astonishing and you're already Seeing before we're at the end of the Year some institutional investors some Investors offering two essentially two Months of free rent that's crazy it's Softening we may not see it in the Numbers but be the reason is is the Loopholes the games that they play and So that brings me exact kind of rounding Up Sean to the last thing again as a Citizen a US citizen as someone that Wants to purchase a home that's on the Sideline I'm renting right now This is great news this excites me I'm Happy to see this I'm like wow Institutional investors are fire selling It's only a matter of time before even More and more houses are being fire sold And hopefully by that time rates will Also be going down so this is great news But my question Sean is how does the Everyday us consumer citizen
Citizen use the tools at their disposal To see if the same thing is happening in Their markets obviously we have special Markets you and I we see this everywhere But how can we help people that are Watching this video use tools to find This out in their Markets absolutely so if you'll go ahead And let me share again I'm going to just Pull up Bear County uh CAD it's Essentially the the property records for Bear County and one of the things Sean Is that the I'm sorry to interrupt you But for the viewers is that the Appraisal district yes so go to your First step you go to whatever County you Live in Appraisal District correct right Or I just yeah I think CAD I think is County Appraisal District or Central Appraisal District and so you just want To search for your county and Appraisal District or Cad and they all have Websites where you can go some of them Are better than others and and a better Search functions than others but you can Go and you can see here for Bear County In San Antonio you could search by the Owner and so if we wanted to just look And take a look at first key homes where Do they own all these homes you know you Can see just by the owner's name but one Of the things that's a little tricky About you'll see there's different names Here even under FK and some of the names
That are first key homes don't even say First key homes they'll say you know You'll you'll notice sometimes these Very generic names for llc's because They split their properties into a lot Of different llc's so one thing you can Always do is go look on on the uh Appraiser website and you can look at What is the mailing address for the Owner and so you'll notice there will be Times when it may be a different name But it will be the same mailing address For the owner and so you can then kind Of know or let's say you wanted to look At a particular street you were Interested in a new construction Community and you wanted to see you know How many homes uh are who owns the homes Uh in that in that particular community In that particular Street I don't want To put the owners names necessarily on On this public video but what you can do Is you can go and search and I'll just I'll I'll filter it a little bit so that I'm only searching for this investor but Let's say I left off the owner name I Went and Searched you can see here all of the Homes that first key homes owns on Aid Way and so if you were considering Buying in a community one of the things You could do is go and see who really Owns these homes are these individuals Is there one large company that has
Bought up a significant portion of them And you know you would maybe want to Look into and try to understand why you Know and one of the reasons that that Yes ju ju uh just real quick I want the Viewers to fully grasp what what they're Saying so if if I could just break you For a second what Sean has did is he's Typed in for the owner he's abbreviated You know first key but he's also Increased the filter to just the street And what you guys are seeing right here Is you're just seeing the street it Looks like Aid way and you're seeing That on that street that it looks like The entire street is Owned by first key in the Institutional Investor and the reason I've only Filtered here for the ones that oh sorry I've uh have to edit that well well real Quick Shan I was going to say the reason Why this is important is if if again if You're going to purchase a home from an Institutional Investor or anywhere do Your due diligence on the neighborhood Go on and then and please finish what You're saying yeah I was just going to Say this is presenting only the ones They own because I didn't want to bring Up but if you'll look and I have maps And things that I show in videos of Where you can see the split of the Individuals and the investors so the Investor bought a big chunk but there
Are individuals right there on the same Street too I find that they're often are Buying about a fourth of them and that Could be that the Builder or HOA has you Know caps on how many can be owned by Investors but yeah you just want to go Look at the street you're interested in The other thing that I think citizens Should be able to look into especially If you're looking at new construction is Also look on the property assessor Website how many homes does the Builder Own on the street right because one of The other things I found is that the Builders will present how many homes They have for sale but often times the Amount that they own and and some of Them are just Lots they're not fully Built homes homes but there's a lot of Examples where that you just see the Builder's name over and over again on a Street because they've started building On a street and maybe pled to build a Lot of homes but especially as we're Seeing incre uh inventories Skyrocket We're not really seeing pendings Increase very Much you know there you may end up in a Situation where you thought this Neighborhood was going to be completed But they slow down the building or they Decide to sell to investors or they take Some other step that in a hot Market They otherwise wouldn't have you want to
Know how many does the Builder own how Many do investors own and you know who Owns the homes on this Street and Sean Great Piece of the Formula but you know I'm sitting back Again you know a citizen that I'm Excited about this data because I want An affordable house but but I'm still We're missing something missing Something from the formula um and again I'm leaning on you because you have this Amazing visualization of data you've Done this yourself but the key that that Now I'm wondering okay so it makes sense Go to my Appraisal District the County Website go to the property search and Search by owner's name or even the Street you know the start of the street Name but where do we go and how do we Find these properties for sale do you go And put the same thing in like Zillow The street name in Zillow or how are you Finding the properties that are for sale From institutional Investors that's that's a great question So I've been using for quite some time a It's a resource that actually Ashley I Think mentioned on your channel as well But it's called prop wire and I have a LoveHate relationship with this type of Website because I I think this website Is why I get calls from people asking to Buy my home all the time because it Provides a lot of data for free for
Anybody and I think that's who's Typically using it is people who are Trying to do wholesaling deals and Things like that but it provides a lot Of data now you should still vet it Because I think they're aggregating from A lot of different places occasionally You'll notice data that's out of date From there but it's a good starting Place where you can go on Prop wire you Can search it even has filters for how Many homes does the owner own right so That you could see who's a large Investor that has homes for sale and you Can use that to kind of look into your Local market and have an idea of who Some of these sellers are and and like I Said there's a little bit of Manipulation you have to do because they You I usually look at how many homes are For sale by the address Right because they have many different LLC names for these investors you know And so but the the way that you tie them All together is the owner's Address okay and what you showed us was In Georgia as an Example that's the that's the um first Key homes right sort of mailing office Address right so they may have and some Of them are very generic names right Sometimes you look at who owns this House and it's you know sfr single Family rental fund number three and
You're like okay well that doesn't tell Me much but you can then go and you say Okay well let me take that address and Plug it into Google and see who's there And then you start to realize okay now I Know who this is right and and that's How you take all those different llc's And see you know who is it Really sounds like Sean that again That's an amazing website I have a Question but for the viewers that's prop Wire.com p r o p prop pop and then wire W.com I'm with a slow reading group and I can still spell it is that free Sean Do you know is that service free for for Citizens or do you have to pay a Subscription I think they have a paid Version but it's free you can you can Use a free version of it um I think what You have to pay for is if you wanted to Look up you know contact information for The the owner or something like that I Think you pay for that but that's not What I'm using it for that's more what The wholesaler type people would be Using it for but just for me looking for Information and looking for things to I Kind of use it as to flag things to then Go look into in other sources right and So but but again the appraisal um data Is good too I mean some places give you Full access like you can download their Whole all of their property appraisal Data from the county which makes it
Really easy you know to work with if You're good with data some of them only Let you search in a web portal but Others let you download the whole thing And then you can start really looking at You know how many homes do Builders own How many homes do investors own you know That sort of thing I hope the viewers Really take the initiative to use that Uh website and software man because that Is so valuable if they haven't been Using it I mean if you guys really want To dig into the housing market you guys Know it's local I'm preaching all about Local local neighborhood subdivisions That's why it was so cool to see Sean Pull up that map where it was a high Concentration of investment owned Properties because again the narrative Oh they only own 0.1% of the pie well Not in subdivision like that not when my Neighbor is a hundred other renters it Matters to that person certainly and I Want you know we've been talking for About 35 minutes and want to wrap us up Sean you want to go ahead and uh you Know give us the last words and before You do to the viewers don't forget go to Re Watchman on YouTube subscribe he's Also on X uh Sean last word's Brother sure well I just want to thank You so much for for allowing me to be Here to talk with you uh you know I I Really as you can tell I'm passionate
About people being able to have Information I think there's huge Information asymmetry in in real estate Right what the Builder knows and or what The realtor knows sometimes it's not Necessarily what the citizen knows so I You know I really think there's a lot of Ways that we as consumers and I think Your channel has really done a lot to Help that to where we can be a little Bit more equipped to make these Decisions and know that a lot of this Data is out there it's just about Knowing how to use it and taking the Time to do it to be informed on what is A you know big financial decision in Your life so I uh I'm on YouTube like You mentioned I'm on X I do tweet you Know kind of things out specific to San Antonio but I have a number of other Topics I'm interested in and and um kind Of working on and yeah it's just been Really great to to get to connect with You I I first got connected with you From uh tweeting Melody right and Melody You know looked at a chart that I had Tweeted out and and we got in touch and Then I got to meet you all and so it Just it just shows you how Uh you know the the power for social Media to connect people and how people Can be more informed about what's going On now because there's so much Information out there and ways to
Connect so thank you so much for having Me well said brother I'm gonna get us Out of here I couldn't have said it Better myself now if you guys are out There investing in real estate you guys Know that we wish you luck and we hope You win
