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Good evening everyone this is Robert and Jason with Mr Texas real estate this is the Texas real estate radio network thanks for joining us tonight we appreciate you guys as always hanging out. With your listeners on radio or a podcast you want to just record this live we are certainly very appreciative of. He\'s spending some time with us. Today is graduating from high school and graduate from high school. That\'s the key this is a real state high school he graduating real estate high school. So we I\'ll I\'ll set the table. We we have some folks around us and folks obviously out there on the internet gurus and all those guys who are. You know a day do the owner finance lease options Sam with rap you know what all that stuff and. Mmhm the the first presumption is. Hey they have the money they just don\'t have the credit. And. I\'ve heard every single guy no matter what it is whether we\'re doing a rap lease option also if it\'s always always in our conversation is see they have the money rob they just don\'t have the credit some of them don\'t even that you don\'t have no credit right they don\'t have an established credit you know what they want to house in N.. So we\'ve put our brain to this a few times. And I guess more so over the last 70 2:00 hours or so yeah and we started researching we know some some adults in the mortgage world and we\'ve had some conversations and we figured a few things out and it and it turns out just like we always thought. I\'m. It\'s not a good message to build wealth so so let me kind of explain when you look at where the no business right so when you look at sure. When you look at notes end up buying and selling notes whether it\'s the hard money loan or a refinance that sort of thing who who is the ultimate buyer of those notes right and the ultimate in buyer is. Not really an investor. It\'s it\'s really not the the end buyer I\'m talking about it\'s the under about big institutional for sure but I\'m not talking about you know you got a couple of grand request Iran up their packaging company what those folks are doing is they\'re offsetting risk. They\'re invested and other other assets that they have in their portfolio and they\'re all sitting there risk with these low yield but relatively safe investments yes that\'s why when you look at. The credit profiles of borrower since 2000 940 percent of them all have a credit score 720 or higher right why because Wall Street who ultimately packages buys all these notes needs them to be relatively low risk their 30 year fixed rate mortgages right they need to be relatively low risk so when you really start to dig into the no world it\'s a. It is a world of risk management yes so a lot of questions I\'ve been asking. I mean since we started working with Brian was probably you\'re probably your own mortality sure right is how do we mitigate risk we can raise all the money we can find all the assets but how is risk mitigated which we have in reserves and was she having like a legal funding right let you know all that sort of stuff. The reason you don\'t have these discussions when you\'re flipping houses or or a light or your landlord is you just don\'t have these liabilities such a transient business. In yes in and out in and that sort of thing so of any case we\'re doing a lot we have a lot of value at risk conversations right now this is well above high school by the way we have definitely graduate high school here so we\'re having a lot of what they call VA are having a lot of VA our conversations and out what does that look like what is that you know if you look at equated to single family real estate. What\'s your risk in single family rental properties you know you can insure against a lot of risks right of the only risk you really can\'t insure of his is a bad tenant or a bad of shins a bad tenant a poor performing tenet or a poor performing contractor. 

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