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At some point at some point not today not today now I walk by so I did a walk through of the studio. Yesterday and I was like okay demos done. Yes it. The floor sticky in the handrails now are not ready or not ready for that yet no. I think we\'ll probably the floor will be next but we need to run some external a trick there would have enough power. 7 Russian Mara outlets underneath. And see if we can\'t find the. Hi. And they\'re catching underneath the floor to be the best way to cool all that stuff on there that\'s kind of cool do you have some like server rooms yeah I like that. Well I had an interesting conversation the other day. A good friend of mine I\'m not gonna tell you what market he\'s in and he\'s definitely not a one of the 3 markets and I\'ve been in New York LA or Houston so but he is in the top 10 market. And he has been working with I buyers for 2 years so let\'s talk about who and who and I buyer is just when you say our buyer you will have fun with realtors say I. buyer and watching going to convulsions I mean just like they get possessed mmhm so let\'s talk about what in high buyer is so an IRA buyer the I. is stands for the internet right so it\'s the. Open door it\'s basically a person that cuts out the or supposedly cuts out the real estate agent to get to a seller to sell their home directly to them so you can go online and essentially quote sell your house yes online yes this is the wholesale destroyer yes so this is who\'s doing this red door was doing this for awhile there\'s a bunch of them out there pink houses I\'ve been it had her right offer path open door blew something blew one out there and then the big guys got it yes redfin and Zillow redfin and Zillow showed up and started doing the I. buyers and I couldn\'t I don\'t believe that Gary Keller\'s far behind I would not surprise me at all the fact there\'s been some discussions there or X. P. sure I think the economy is gonna get there too so. The so the ideas they\'re cutting out the real estate agent now one of the things that you hear about I buyers is. Weather really they really don\'t make that much money. Well let me let me back up here. The largest asset class in the world a single family real estate sure and we have not been able to come monetize it like we do other assets right you go to Amazon you order a pair of Nike whatever\'s there the same as any other Nike whatever\'s just in your size right in the color that you want so really a lot of these consumer products have turned into little more than commodities so they\'re trying to do the same thing with single family houses and it makes sense makes a lot of sense out of money made there right because when you trade commodities you you\'re not working on big 2050 percent margins all you know nickel and dime stuff that\'s right right so if you can commoditized house and just run consistently on a 3 or 4 percent margin you\'re good to go you\'re gonna make piles of money yeah piles and piles of money. So the idea is and I\'ll take it one step further you\'ll see people say like oh will Zillow\'s losing this much money on each house our offer pads lose and I\'m like no you understand what they\'re doing they\'re doing 2 things here one is they\'re collecting consumer data for home sellers. If you go to years ago when I went to a camera which one was offer patter open I think was open door. You know who they were hiring exclusively. Data scientists yes that\'s all they were hiring was data guys like they had like 2 dozen postings just for data guys so. What they\'re trying to do is figure out what are the habits of the consumer and then step 2 for them as. They want to sell you the home buyer. Everything for your house that you can\'t buy on Amazon. For more information visit mrtxre.com (Copyright Mr. Texas Real Estate)