00:00This could be a great way to build wealth.
00:01Buying property that was undervalued, that you could fix up.
00:04The best houses are the ones that are really dated.
00:06The carpet's disgusting, the wall color's horrible, the landscape's awful,
00:10the driveway going in is all cracked.
00:12Most people look at that, they get turned off.
00:14But when I see that, I'm like, hey, the roof is good, the foundation's good,
00:17the structure's fantastic, it's just cosmetically.
00:19It's the easiest thing to fix up, and it's the one thing that people don't want to touch,
00:23because they don't want to deal with it.
00:24To buy a property that could be worth $400,000 or $500,000, and you're in it $50,000 below market value.
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