Nobody can afford a home as officials Are starting to panic and welcome back To real estate mindset you guys happy Friday big apologies for the lack of Content that I've been putting out Mitch And I have been extremely busy trying to Help future and current homeowners fight Their property taxes and just to show You guys where we're at with that take a Look this is a free class this is free For you guys how to fight property taxes Again whether you own a house or not This is something you're going to want To pay attention to should be done with That fairly soon really excited about it Mitch happy Friday man how are you well It's been a long few days but uh I'm Sure everybody's wondering why I'm Wearing a dark suit but I have a formal Habit that I wear a dark suit when I'm Going to be attending someone's funeral Or something's funeral and today right Now here we're going to expose a couple Of theories and break them down and then We're going to expose who is responsible For the cover up and Mitch is absolutely Right we have some incredible content And in addition to that we're going to Go over details like what it's like Renting versus owning whether or not That's a good investment and basically Guys just how unprecedented the Unaffordability really is in the housing Market I want to start by showing you
Guys a chart from a recent Zero Hedge Article that came out today titled Majority of Americans can no longer Afford an average house and this is Going over what the average salary is Versus what the salary is needed as far As purchasing an affordable house now The way they determine that is shown on The bottom they're taking gross income And they're using 30% of gross income Now obviously the guidelines State Specifically as far as qm mortgages that We can only go to 28% but regardless They're going to 30% now the median Household income you guys can see here Is $83,500 but the income needed to Comfortably afford a house is 11,464 that's a difference of $ 35,7 3 and you guys can see the massive Gap here starting around 2022 now if you Look to the left of 2022 you guys can Basically see for the last 10 years this Has been normal this has been inbalance And that's why income is so important as You're about to find out the national Payment to income ratio currently we're Sitting at 35.9% as you see there of your gross Income going to paying off your mortgage Now I circled on the bottom left 1984 to 1986 because we're at 1980 highs as far As the national payment income ratio but What I'm about to show you is the buyers
And homeowners back in the 1980s were in A much different situation but Nevertheless the unaffordability from a Payment not a price standpoint but just A payment standpoint is higher than Where we were at during the GFC which Then it was sitting at 33.9% when we look at just the price and We look at the home price to income Ratio I want to First Direct your Attention to the left side of this graph Where it says the 1980s was about 4X so Even though the payment was high in the 1980s the amount of income people were Making compared to the price of houses Was way lower than what we're at right Now as you guys can see we're sitting at 7.74 times median household income to Home price so what I'm demonstrating Here is just how bad the prices really Are when compared to income one more Chart showing that now I call this chart The fed's wealth Gap chart and also we Can see here that there's a double Bubble now starting first at 2007 I drew A line in 2007 to show you guys Basically the wealth Gap and you guys Can see that that went down after the Crash but as soon as they started doing QE you see that first Arrow right there When they started doing QE again that Wealth Gap started exploding and that's Why I keep telling you guys and that's What I'm hoping you guys will understand
The Fed is messing us up real bad the FED is just bailing out the banks not The homeowners okay now if you go to the Right of the QE you see the first sign Of the bubble back in 2020 and the Fed Was doing quantitative tightening during That but instead of that bubble getting Smaller the bubble actually got bigger And again we're comparing the prices to Income which is a huge factor of Sustainability but look at how much Worse that bubble got so in other words This is a double bubble the last thing I Want to go over before I let Mitch go Here is the national cost of owning Versus renting a single family starter Home now this is from the John's Burns Real estate Consulting and I put up here Thank you fed because the FED in my Opinion you guys along with Wall Street Is responsible for this now first of all Look at all the way to the right here Now this is saying on average it cost ,000 roughly and this is up until the End of 2022 so it's a little bit Different now but up to ,000 more Expensive to own versus rent now you Guys can see when we go to the left of Those blue lines for the last you know Going back into 2009 and a lot of times When it's cheaper to own versus rent It's a good idea to buy but right now Unfortunately look at how out of whack That actually is and don't forget you
Guys it took a recession during 2008 to Bring that back in line This did not get Back into line until after we were in Recession and through it but again it Just doesn't make a lot of sense to own Versus rent right now Mitch can I start By asking you to explain to the viewers Why is income so important to sustain Prices okay before we do that though I Want to raise a point which is that Article that appeared in Zero Hedge is a Direct result of all of you that have Seen these videos and pumping these Videos out into the Stratosphere because Zero Hedge picked Up on it and in fact um zero Hedges Documentation is a documentation that I Created because I sent that information To zeroedge as recently as August 15 and Even though they're using Cas Scher it's All good um because they're making the Point on a national basis this is Occurring everything that we've put Together was on initially the Texas Basis based on dcat the point being We're gaining traction and I wish to Thank you for sending these emails out Um with that said the answer to the Income perspective income is everything Because we're going to show you in a Minute here across several cads Districts in Texas how that income turns Into an overvaluation when the income Doesn't exist so and that ties to what
Travis was mentioning a second ago when He raised the issue of quantitative Easing well quantitative easing is Inflation So when you take that fact into account You then realize the values went up Based on overvaluation of inflation in Other words they created a tax on Inflation they created the inflation Then they figured out how to create a Tax on it which is why the home Unaffordability at this point is right Through the charts I mean none of this Makes any sense when you look at that Graph and you've got areas that are 38% 64% 120% over and above what is Affordable based on what the median Income is well that means that when they CAD say the value of your average house So average is the same as median they Simply can't be the medium because the Majority of your population as in 70% of The population cannot afford what They're claiming is the media and house They're simply lying to you you're being Gaset and that's why the income is so Important nationally say it's 83,000 That's fine uh Denton County is 109 ,000 That's fine but the bottom line is when They associate the $ 109,000 with a $514,000 house that we have verified Cannot justify more than a $300,000 home At Max you've got a $200,000 Delta and that problem turns into the
Bonds as we will discuss here Shortly appreciate that Mitch now guys Stay with us here because now what we Want to try to do is paint the picture On the differences versus in versus Owning right now and then basically you Know just for anyone that's struggling Should I buy should I not buy I mean Things are so crazy right now for price And for interest rate we want this to be You know clear and if you do purchase a Home we want you to really understand What you're doing so I'm going to start By showing them this chart I'm going to Have Mitch explain the left side of this Chart and I'm going to explain the right Side and essentially what we're trying To do is Mitch is going to show you Where you're going to be at in eight Years if you purchase a home for $250,000 Mitch take it away brother okay So I mentioned in a prior video the idea Of people looking at things from their Own personal balance sheet even though You don't think of yourself that way but You should so the home purchase price You buy a house for $250,000 and you were doing it Legitimately without a builder's Incentive etc etc you would normally put Down 20% that 20% is $50,000 if you take A loan interest payment out at750 which Is reasonable and you have $4,000 of Closing costs which are rolled into the
Loan at the closing and you hold that House for eight years that's a standard Amount of time that most people would Own a home before they sell it and if That home appreciated at 5% a year which Is reasonable that falls within line of Use path the appreciation over that Eight-year holding period would be $100,000 The home value after eight years is $350,000 okay that sounds pretty good 350 minus 250 yeah it's not so bad we're Making money yeah no you're not so Here's how it turns out the mortgage Interest on a 25y year amum is $18,300 per year the monthly mortgage Payment is $1,525 eight years of mortgage payment Is $46,490 per of the $250,000 is $20,000 The insurance that's over the eight-year Period the insurance over the 8year Period is $30,000 your property taxes at just only 2% there's some people that have 2.35 Some people have 1.85 but run it out at 2% that's $40,000 over eight years your total Expenses are $236,000 your profit now negative $136,000 the point being that people Have to live somewhere so after8 years You're essentially you know at a loss of
$136,000 now what I wanted to do to be Fair for the viewers is I actually Accessed an amortization schedule and I Put $250,000 7 and a half percent and over Eight years you would actually pay down Only $243 which means if you count the amount Of money that the loan is paid down you Would have a net profit of negative $112 and12 because remember you guys It's it's not until halfway through Generally halfway through the Amortization schedule is when you really Start paying down the principal the First 5 years of an amortization Schedule is almost a complete waste of Money that was negative $112,000 Yes yeah negative $112,000 now what I Want to do is compare If instead of Purchasing a $250,000 house in Dallas What if you rented the similar or same House now in order to do that let me Show you what houses are selling for and Renting for in Dallas and then I'm going To show you guys something shocking when It comes to a $250,000 house the square footage rains From about $700 square feet to about 1484 square feet so if you're going to Buy a $250,000 house in Dallas it's Probably going to be around that square Footage if you're going to rent a house
In Dallas at the square footage of about 1,000 square fet on all the way down to About 1,700 square feet the payment's Going to be right around $1,750 to $1,800 so what we're going to do guys is We're going to take $1,800 as rent in Other words instead of buying that $250,000 house you're going to rent a Similar house for $1,800 which is a Difference of about $662 per month and let's see now what if You took that $662 and invested that money let's see How much money you would have made over A period of eight years so instead of Losing $112,000 on your home if you were A smart renter and you were taking that Money and you were investing it you Would have made roughly $ 22,7 159 that is the power of compounding Interest I think and Mitch did this Based on a 14% compounding interest Which is the average return for the Stock market I believe yeah the average Return for the S&P if you had taken your Money and simply put it into an index Fund not stocks nothing else just a Straight up Index Fund before we talk About like how did this happen can you Tell the viewers whether or not you Believe you know is buying a house right Now a good investment Overall everybody has to live somewhere
So they have a personal decision that They have to make but the reality is We're in a different world the real Estate world is not what it was five Years ago seven years ago or frankly Really since the Great Depression what They have done by virtue of creative Quantitative easing in fact has created All this inflation the FED has without Exaggeration effed up everything that They have touched since the day they Existed in 1935 and now all these problems are Coming home to roost Simultaneously this is why you have the Taxing entity screaming give us more Money or we're bankrupt and as I said You're already bankrupt giving you more Money isn't going to get you out of Bankruptcy it isn't going to fix this Problem all it's going to do was Bankrupt the rest of America so zero Head coming out with that and saying Here's the truth across the United States which is in fact a mirror image Of what we've been working on since the Day Travis and I started these videos to Get this explained to everybody so we're In a different world now it's great if You say I have to have a house I've got A family I want to buy it no harm no Foul that's your business however you Should be able to go in with open eyes And understanding what it truly means
And even speaking for myself is people Know I'm not building right now today Because of this I'm not blind I see Exactly what's happening and we're Spelling it out for people you have got To be careful because if you're not you Will end up a victim this problem isn't Going away until these property taxes Are eliminated and people can start to Build legitimately their own personal Balance sheet and that's what this Is yeah in other words guys what Mitch Is specifically telling you it starts With awareness right and and part of That awareness is understanding what Affordability and what price and all of Those things are and you know I'll add To other than the awareness having no Consumer Debt for Mitch that's obvious Right but some of the viewers know Having no Consumer Debt having at least Six months even a year of payments saved In your savings account don't go broke Purchasing a house make sure that the Payment is under 30% of your net income Right certain things like that you guys And don't buy an overvalued house use The comparables look at comps in a Subject property subdivision and deter DET what houses are selling for and make Sure that the house that you're buying Is selling for under that just to try to Pinpoint exactly you know how this Happened and really where this is
Happening from let me show you guys this Next set of data Mitch put this together And what he's trying to show you guys is How bad the overvaluation actually is From these Central Appraisal districts Now honestly guys Texas in my opinion at Least is Ground Zero but what he did on The left side is he basically showed you What the S&P annual return was he Averaged that out over a period of 10 Years and got a return of about 14.59% I appreciate you doing that math Math is Mitch's strong suit that's why I Think I appreciate you so much Mitch now If you guys look on the right side of This form is basically showing you what An overvaluation of a $100,000 can actually do to you and Right now homes are overvalued by Depending on the area more than $100,000 But in essence you guys the Overvaluation of $100,000 over a period of 30 years which Is the average time of a loan right I'm Sorry the average amortization schedule You would have made about $958,000 if you would have taken that Same amount of money you would have Spent on the Overvaluation and put that in the S&P You would have made a million dollars You guys we're being robbed of a million Dollars and that's just in this scenario We're not even talking about unfunded
Liabilities just to put this in Perspective to show you guys it's more Than $100,000 this is this is about five Different Central Appraisal districts And on the bottom here you know when all Said and done you guys can you know we Have this Linked In the description you Guys can look for the math look at the Math yourself but you guys see let me Kind of zoom in right here the cad value Exceeding affordability so when we look At income and we look at Price we can See 64% overvalued okay 74% overvalued That's two $300,000 you guys so these People would have made made 2 million And look at here 63% overvalued 38% Overvalued we have a triple digit 104% overvalued in so Mitch people think Like you said they don't think that Property taxes are a big deal but can You explain to the best of your ability Why does all of this unaffordability Okay and we know it you know we know a Lot of it comes from the fed and it Comes from Wall Street but as far as Normal American citizens can you explain Mitch why does all of this Unaffordability and start with the Central Appraisal Districts Central Appraisal districts Are charged with creating a True Value Based on uniform standards of Professional appraisal Practice and that would lead to the
Theory of creating a value based on Market uh value the problem is that That's not occurring they ignore usap They ignore the laws they ignore Texas Property tax code they ignore Mass Appraisal standards they ignore Texas Constitution and ignore the US Constitution why are they doing that Well as time has progressed the value of The bonds that the taxing entities are Responsible for totally legally Responsible for including the fraud that They're committing on the bond holders Means that they have to hold their hand Out to the only source of Revenue they Have which is the taxpayers but the Problem is that the taxpayers as we have Shown 37% of the households right now today Cannot afford the roof over their head Andor they will go bankrupt as a result Of this the cads are owned by the taxing Entities the school districts own the Cads the school districts show up they Hand the budget over to the chief Appraiser and say meet the budget then It gets worse right that's a Predetermined budget then the state com Controller through the property Valuation study goes to the chief Appraisers and says I need money to move From this school district to this school District go and increase the values Again that's two layers of fraud being
Compounded annually right because Interest has to be paid and principal Has to be paid yet the mysteriously in The case of a Louisville Independent School District we couldn't find any Bonds that have been paid off in the Last three years so what they're doing With the bond values the principle the Rolling out in time and the interests They're rolling up so the reality is That none of this stuff is getting paid Off and because of the rule of 72 these Debts are working in the exact opposite Of an amortization schedule which is the Debts get bigger and the interest rates Get bigger you've got a true circular Closed loop argument and the only Solution is straight up bankruptcy Andor The object continued theft of literally Taking everybody's house and claiming it As an asset you can't get out of this Mess you the school districts created This crap you the taxing entities Created this crowd and now the T the Rooster is going to come home to roost There's no way out of this there's no Math to support this you're seeing this In that document that Travis just showed 64 74 63 38 104% overvalue where is the Money going to come from these people's Jobs aren't going up at 100% clip in Three years to cover this off it's over Wake the hell up you the politicians and We're going to get to that in a second
That's why I'm wearing my dark food We're not in the same world that we once Were you know it sounds like you're 100% Right because homeowners right now Especially new ones Mitch are glorified Renters and it sounds like you know on Top of the overvaluation on top of the Cads breaking American families and Robbing them of their dream of home Ownership which is the biggest Investment of most people's lives you Know they Crush that they have a fake Pens fake and broken pensions they don't Even have the money to pay the teachers I mean the whole system is broke and it Seems Mitch it seems like the officials Finally they're taking this seriously And they're starting to panic let's see What Texas is doing this article just Came out and it's referencing a couple Quotes from your friend Mitch now this Is from Texas scorecard Texas comproller Releases study on housing affordability Challenges Texas continues to suffer From elevated prices and high interest Rates that put significant upward Pressure on the cost of borrowing and Home ownership and so this report covers An immediate issue according to Glenn Haar so it has nothing to do with the Fraud and overvaluation according to him This goes on simply put our state which Is generally well regarded for its low Cost of living is facing the pressures
Of a declining in housing affordability As our population in demand for housing Continues to rise since 2008 Texas has Been the number one state for new Building permits for privately owned Housing units however the state's Population particularly in major Metro Areas is growing at a faster Pace than Housing is built and that is wrong that Is 100% false and you can see that in The supply num so first of all I would Ask him where's he getting that Information his feelings is that where He's getting that information because That's where it seems like he's getting The information his feelings he wants to Feel like he's doing something and Acknowledging this but this goes on law Makers have taken critical steps in Recent years to lower the overall cost Of Home ownerships by reducing the Property tax burden on Texans This hard for me to read Mitch and we Are making progress as a state towards Lowering artificial barriers and Removing regulations that limit or Inhibit home building so he's talking About Home Building again and the issue Is the property taxes but let me keep Going but the issue remains daunting and Key to our continued overall economic Health my office will continue to work With legislators to provide support as They work to address this issues and
Prepare and here's the thing okay this Next word okay you can't see it because Your picture's in front of it Mitch but It says prepare bills for the upcoming Legislative session mimich he's acting Like he's addressing property taxes and All these types of things but really What he's doing is he's trying to figure Out a way to tax New home builds can you Tell me you know by what we just read is He doing enough to make change and to Make homes more affordable again w My words what you just read is an Exhibit in an upand cominging lawsuit I'm certain that Mr Hagar is a nice Person that's not what the issue is here What the issue is here is that document As put out by Texas scorecard that wrote That article is a straight gaslighting Of the public there are so many problems You can't get a single paragraph out of That letter that is true so if you'll Allow me a second just to break it down What you have here a cover up ignoring The fraud created by the cad cads via The taxing entities and the state Comproller himself via the property Valuation studies so not only the cads Creating a fraud on the public the Property valuation study which is the Sole responsibility of the state Controller is the second layer of fraud In this problem that's on paragraph One so then he goes on to say simply put
Our state which is generally well Regarded for its low cost of living Again living in the past not Now that statement is pure Delusion then it goes on to State Um he's talking about new building Permits Well in a quicker pace of the housing Being built that's all great except Here's the problem it literally has Nothing to do with the fraud being Created against all the real estate Taxpayers this entire memo says nothing Literally nothing about the Overvaluation an over taxation of the Real estate Taxpayers so in reality this report that They're talking about that Hagar is Waving Around it's not worth toilet paper Because it completely ignores the fraud Which is cumulative and compounding and Further ignores the implementation of The bond devaluation when the property Values are Sinking that's the reality the whole Document is complete nonsense my point Being look you want to be a drunk at Some point you're going to have to wake Up and admit you're a drunk in order to Get help and clearly they are seeing These videos otherwise what you just saw In this memo would never have been put Out they're they're in panic mode
Because we're hitting and we're hitting Hard and to that point Mr Hagar I am Quite Sincere I'm offering you the opportunity To sit down with me we'll have a debate Travis will film it let's go take 15 of The best people you've got take a couple Attorneys that that want to represent You no problem take the people that Wrote the memo no problem take a couple People that that work for you one of the Questions that I would want ask right Into the public our mole literally filed A formal complaint with you three years Ago you went silent crickets and the Only thing that came back was well we Don't have the right to enforce at the Request of the FBI I personally was told File the complaint with the state comp Troller that was two years ago crickets The only thing we get back we don't have The right to enforce well if you don't Have the right to enforce and you're Gaslighting the public like I said that Memo that just came out from the Scorecard yeah that's an exhibit you you Guys better take my class you guys Better take my class so we can do Something about it now in addition to What Mitch is saying also you know what We haven't reported completely to you Guys is we've been receiving multiple Multiple articles and data stating that These schools are having emergency
Meetings guys emergency meetings not About how to taxes they're having Emergency meetings trying to figure out How to raise taxes because they need Even more money and we already can't pay It and there's already fraud and it's Just H my you know it's just crazy let's Let's ask a question Mitch you Know I'm not sure how much longer Consumers can hang on this just came out Today Mitch This Is the personal savings Rate from Fred economic data this is as Of July the the savings rate plummets to 2.9% and it's going down the trajectory Is going down we haven't had a Trajectory like this going down in a Very long time I'll argue we haven't had That trajectory Mitch since 2004 we Didn't even have that trajectory in the GFC look it just stayed flat and then it Went up during the recession right now We're at 2.9 meaning people cannot save Their money and probably a reason why is Because people are an overwhelming Credit card debt look at this $1.06 Trillion in consumer credit card debt And consumer credit card debt yall That's worse than amortization schedules Consumer credit card debt is the worst Kind of legal legal debt that you can Get in and then that's followed by a Mortgage but look at that skyrocketing And that and here's the problem people Can't pay those payments no more and the
Trajectory of the delinquencies you guys See here this was updated August 19th is 3.25% it's actually more depending on The data set you look at but what I want You guys to pay attention to is the Trajectory we haven't had trajectory Since the GFC the great financial crisis Can you go ahead and explain this Mitch And how normal people can use this chart To kind of you know track down and seek Out fraud and Corruption yes so although this chart is You would look at and say well this is Specific to Texas it's not it just so Happens that we're calling dcat out and We're calling all the cads out because The same flow of information regardless Of where the cat is is occurring so this Chart starts in the middle and that's What the the cat itself and talking About the cat is supposed to be doing And what laws were falsified or or what Documents were falsified etc etc and you Can follow the arrows around but the Reality is that this is how the cads and Their co-conspirators be it the Responsible parties are acting and with Regard to those who are aiding and Abetting that have violated the law and There's a lot of them title 42 USC 1986 Knowledge and wrongful act and power to Prevent I would refer them to that Document Texas penal code 7.01 for Aiding and abetting defaulting of the
Oath and impersonating a public official Is a third deegree felony plus if that's Not enough Title 18 USC section 61 1621 For perjury the reason I'm pointing that Out going right back to that memo that Glenn Hagar put out he knows damn well That these problems exist why because We've made him fully aware he is a party Of knowledge and so is every other Co-conspirator that's on that list Everybody in the United States that is Dealing with a cad that and that cat is Responsible in law for adhering to usath And is not this is the map this tells You what is happening how it's happening Who is responsible for making it happen You can adjust the map to your own Circumstances but the reality is in the State of Texas and in many other states This is the map you guys you're going to Absolutely love our course our course is Going to have all of that we plan on you Know equiping you but where I'm starting Is step one so hopefully by this weekend The course is going to be done up to Chapter four we're going to talk about What are property taxes what do they go Towards what's a homestead and all of That type of stuff then I'm going to Film guys separately how to protest and We are going to equi you guys we're Going to March into those cads in 2025 And we're going to get our homes back at Least guys we're going to try and we're
Going to try together and we're going to Lead you we're going to practice what we Preach now before we go I want to give You the last words Mitch and thanks for All of the effort all of the work you've Been doing and also big shout out to you Know all of the people that have been Following me I'm sorry I haven't put out More housing market videos you guys These courses take out so much effort And so much time to put them together And again it's what's on my heart I got To finish it but before we go again Mitch how do people stop the debt and Start savings this is obviously very Unaffordable economy uh people are Struggling right now people are confused Right now people want to live in their Bubble they don't want to bust that Bubble what do they do Mitch it is a real big problem and it's Very difficult to answer because there Are a lot of people that literally can't Afford to put food on the table they Have a decision to make food on the Table roof over the head medicine for The kids this is a huge problem when 37% Of your households can't afford the roof Over their head so what we're doing here Is helping people understand what the The problem is there are alternatives to Getting help when somebody's really Desperate and then I realize that not Everybody has $200 a month to put away
In an investment uh call it an index Fund which is the safest place to go Frankly but that idea shows you that if You own the real estate under your feet And that would give you your own Personal balance sheet there would be a Reason why you are working right you're Working to pay off that mortgage so that At the tail end of the day in 30 years From now you have a pretty nice Nest EG That $2,400 in taxes over time turns into a Million dollars cumulative compounding That's a pretty nice nest in 30 years That's not too bad people don't Understand it well a you have to Eliminate the real estate taxes as the First thing why because that helps you Own the land that's under your feet and Build your personal balance sheet the Other issue is how to get out of the Credit card debt there's only one way You walk it off or you end up filing Bankruptcy but there's a lot of people Right now in to the tune of millions That are dancing on that bankruptcy's Doorstep and this idea that Glenn Hagar The state controller or any state Controller for that matter well we're Going to get this fixed through the Legislature you can't fix a thing until You recognize what the real problem is Once the drunk realizes he's a drunk you Can help them until then there's no
Patience for this nonsense there's no Patience for gaslighting the public the Document is what you put out Mr Hagar And again I'm quite sincere sit down With me have a debate take 15 of your People little old nobody me you're 15 Against me 15 to one odds come on I love It Mitch I absolutely love it and you Guys again you know stay patient with me We should be done with the courses soon Really looking forward to giving that Back to you guys have a great Friday Night don't be drinking remember I'll do Uh DNN tomorrow look out for DNN live it Should be about two hour live I will try To get out another video tomorrow but Again my priority is giving back to the Community and giving you guys something Of overwhelming value that is lasting And that is relevant to what's going on Today in this market now other than that Guys give a round of applause to Mitch And all of the effort and all of the Things that he's doing to help us don't Forget sign the petition in the link Below and if you're out there investing In real estate you guys already know we Wish you luck and we hope you win
