Join an active community of RE investors here: https://linktr.ee/gabepetersen
0:00 Intro and welcome to the Real Estate Investing Club
1:02 Jonathan’s story and starting in the mortgage industry
4:09 Investing in expensive markets like Los Angeles
5:54 Finding foreclosure deals at deep discounts
8:24 ADU strategy and maximizing property value
12:23 Why investors are moving to Midwest markets
14:39 Choosing single family vs multifamily investing
16:05 Using AI and data to find the best zip codes
19:47 Advice for new real estate investors
22:48 Biggest wins and lessons from real deals
REAL ESTATE INVESTING STRATEGIES THAT WORK IN ANY MARKET 🏡💰
In this episode of The Real Estate Investing Club podcast, I sat down with Jonathan Yoo from Convoy Home Loans to talk about real estate investing strategies that actually work in today’s market, even when prices are high and cash flow is hard to find. We dive into how investors can still build wealth, create passive income, and move toward financial freedom using creative real estate investing techniques, smart financing, and disciplined deal analysis. If you are looking for ways to succeed in real estate investing in 2025 and beyond, this conversation is packed with practical insights.
STARTING IN REAL ESTATE THROUGH THE MORTGAGE INDUSTRY
Jonathan shares how working in the mortgage business gave him early exposure to real estate investing and helped him understand how experienced investors build portfolios. Seeing clients buy rental properties, generate cash flow, and scale their investments opened the door to his own journey. This is a powerful reminder that getting close to the real estate industry through lending, brokerage, or construction can accelerate your learning and help you find opportunities faster.
HOW TO FIND CASH FLOW IN HIGH-PRICE MARKETS
We talk about investing in expensive cities like Los Angeles and Seattle, where traditional buy-and-hold strategies often do not cash flow. Jonathan explains why buying properties at a discount is critical and how targeting foreclosures, distressed sellers, and notice-of-default lists can create built-in equity from day one. Lower cost basis means lower taxes, better financing, and stronger cash flow, which is the key to long-term real estate success.
#RealEstateInvesting #PassiveIncome #CashFlowRealEstate #RealEstatePodcast #FinancialFreedom
Want to learn more about our guest? Connect here: https://convoyhomeloans.com/
Want to learn more about the REI Club Podcast, how to invest with Gabe at Kaizen, or join our community of active real estate investors on Skool? Visit the podcast website at https://www.therealestateinvestingclub.com or click here: https://linktr.ee/gabepetersen
0:00 Intro and welcome to the Real Estate Investing Club
1:02 Jonathan’s story and starting in the mortgage industry
4:09 Investing in expensive markets like Los Angeles
5:54 Finding foreclosure deals at deep discounts
8:24 ADU strategy and maximizing property value
12:23 Why investors are moving to Midwest markets
14:39 Choosing single family vs multifamily investing
16:05 Using AI and data to find the best zip codes
19:47 Advice for new real estate investors
22:48 Biggest wins and lessons from real deals
REAL ESTATE INVESTING STRATEGIES THAT WORK IN ANY MARKET 🏡💰
In this episode of The Real Estate Investing Club podcast, I sat down with Jonathan Yoo from Convoy Home Loans to talk about real estate investing strategies that actually work in today’s market, even when prices are high and cash flow is hard to find. We dive into how investors can still build wealth, create passive income, and move toward financial freedom using creative real estate investing techniques, smart financing, and disciplined deal analysis. If you are looking for ways to succeed in real estate investing in 2025 and beyond, this conversation is packed with practical insights.
STARTING IN REAL ESTATE THROUGH THE MORTGAGE INDUSTRY
Jonathan shares how working in the mortgage business gave him early exposure to real estate investing and helped him understand how experienced investors build portfolios. Seeing clients buy rental properties, generate cash flow, and scale their investments opened the door to his own journey. This is a powerful reminder that getting close to the real estate industry through lending, brokerage, or construction can accelerate your learning and help you find opportunities faster.
HOW TO FIND CASH FLOW IN HIGH-PRICE MARKETS
We talk about investing in expensive cities like Los Angeles and Seattle, where traditional buy-and-hold strategies often do not cash flow. Jonathan explains why buying properties at a discount is critical and how targeting foreclosures, distressed sellers, and notice-of-default lists can create built-in equity from day one. Lower cost basis means lower taxes, better financing, and stronger cash flow, which is the key to long-term real estate success.
#RealEstateInvesting #PassiveIncome #CashFlowRealEstate #RealEstatePodcast #FinancialFreedom
Want to learn more about our guest? Connect here: https://convoyhomeloans.com/
Want to learn more about the REI Club Podcast, how to invest with Gabe at Kaizen, or join our community of active real estate investors on Skool? Visit the podcast website at https://www.therealestateinvestingclub.com or click here: https://linktr.ee/gabepetersen
Category
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LearningTranscript
00:05all right we are back with another episode of the real estate investing club i hope you guys are
00:11having a great week great day great month wherever you are and whatever day it is for you it is
00:16friday
00:16on the podcast as always so we're bringing that good friday energy to you and the past three
00:22episodes it's been sunny in seattle and it is still sunny in seattle because this is the fourth
00:25episode of the day um so we're bringing that additional good energy to you the sun in seattle
00:30it just vibrate it makes the entire world better because we don't see it enough here so our energy
00:35brings it up um jonathan is in a place that always gets sun down there in la and he is
00:40our guest today
00:40jonathan you from convoy home loans um down there in la they do single family um they do multi-family
00:46and and they do home loans from convoy home loans so it should be a good episode jonathan thanks for
00:52yeah thank you for having us all right i told you before we get on here we always like starting
00:57with stories we like to hear how people got to where they are i'm sure you got a good one
01:01why
01:01don't you take us to the beginning of your story in real estate and tell us how you got here
01:05yeah
01:06absolutely i mean growing up i grew up from an immigrant family so uh real estate was kind of
01:10foreign overall everyone's very in the scarcity mindset of not investing and keeping cash um and
01:16grow after college i was like you know i need to find a job and so the job ended up
01:21being in uh real
01:23estate and in the mortgage industry right and then and then that's when i kind of got introduced into
01:28the mortgage industry as a whole and um real estate investing was a big part of it just because i
01:34saw
01:35all these people clients right buying these houses cash flowing on them which was a foreign topic for me
01:40at the ripe age of 20 at 21 and um so we started i started looking into it further and
01:47as i developed
01:49in my career i left my old company started my own company which is convoy five years ago and when
01:54we
01:54first started we actually niched out to be specific towards investors and you know kind of they're more
02:00than non-conventional people and that just opened the floodgates to more avenues to real estate invest and
02:06find ways to multiply your money cash flow and whatnot so we were doing a lot of programs that
02:11way and i was like hey if i'm recommending my clients to do these things i should be doing it
02:16as well right you put your money where your mouth is actually make sure that you're in the ditches with
02:21your clients and so we i started then buying real estate i bought a single family in koreatown los
02:27angeles turned it from a six bedroom four bathroom into a 10 bedroom nine bathroom with two 80s on it
02:33kind of maximized that bedroom nine bathroom yep yep renting it up room by room yeah renting it room
02:39by room to students and then that kind of opened up my eyes in terms of okay i can probably
02:45multiply
02:45this even further if i you know a little better right if we just went into like multi-family investing
02:51so i started then looking into buying more commercial real estate and went into you know getting like
02:56and acquiring a 16 unit in koreatown as well and then also a few single families across the country
03:02ohio texas georgia um to try to just diversify the portfolio because i was starting to run into a
03:08little resistance in los angeles obviously not a very landlord friendly state and um so yeah that's
03:14that's the story of uh of how my portfolio kind of came to be nice yeah um yeah a really
03:21good start
03:21to real estate is getting a a job in an ancillary ancillary is that the way you say that yeah
03:27yeah
03:27um yeah ancillary there we go uh um uh job market niche whatever it is industry mortgages is a great
03:35way and it's something that i kind of wish i did back in the day i got started you know
03:39i was working
03:39corporate i was working you know just microsoft you know your standard corporate job and uh and i wish i
03:46went out and got a job in something that was next to real estate mortgages um you know what's another
03:52one like being an inspector yeah yeah yeah yeah appraiser something like that to kind of get it
03:58gets you a good grounding while you still get um you still get paid you still get your w-2
04:03so i feel
04:04like that's a really good uh really good start and anybody out there who is just getting started in
04:08real estate i feel like that's a really good strategy to uh to pursue um so you're in la which
04:14is
04:14similar to seattle where i live not exactly i mean you guys you're how uh you know purchase price
04:19value is higher than ours but it's still really you know both our markets are very the purchase
04:24prices are extremely high which main makes cash flow actually very difficult um you mentioned cash
04:30flow a few times in your intro story there so how are you going about buying properties in these
04:35markets and still making the numbers work yeah so um buying a lot of undervalued properties right
04:42whether it's on foreclosure whether it's on um you know kind of a distressed right so i'm doing the
04:48work buying these properties at at least a 30 to 40 discount right and how i'm finding those is i
04:54am
04:54specifically looking at foreclosure lists and and me being in the lending industry um i have a little
05:00more access to this type of data so i'm able to find a little bit more of hey title company
05:06can you
05:07you know we have a working relationship can you send me a list of foreclosure notice of defaults that come
05:11out right and then i'll have my people go out reach out to do that um i recently acquired a
05:17and
05:17i forgot to mention this earlier but i recently acquired a four unit did kind of the same thing
05:21but bought it from a foreclosure tenant and then evicted two people because they weren't paying rent
05:25for a year two tenants for a year messed up the entire unit but i bought that property at like
05:32a 40
05:33discount right so that's the type of avenue that i'm taking to to buy these things because if your cost
05:39basis is lower right your tax your property taxes are lower right and you're able to if you get
05:45everything to market you can still make a good rent right the only reason rents are so low and cash
05:50flow
05:50so hard is because there's a lot of restrictions to increasing rent right and there's there's limits
05:56right in california the standard is i think the cpi is the standard plus you get like three percent on
06:03top
06:03it's a five percent plus three whatever cpi is right it's the maximum you can increase it that's
06:08the max you can raise rent correct in the state of california in specific markets uh there is also
06:18there is more rent restriction right it's called rso areas that are even more limited so like for
06:26example koreatown is one of those areas i can only raise rent if i get a new uh an old
06:31tenant that is
06:31existing existing from previous three percent a year right and wow that three percent and it's very
06:39hard to get these tenants out right if in terms of property so if you're buying something you have
06:45to that's why i keep emphasizing the discount you have to buy it at a discount because that equity has
06:51to be built in the property for your loan amount to be as small as possible to make the cash
06:55flow work
06:55or you do what i did with the single family that i bought you turn a six bedroom four bath
07:02into a
07:0210 bedroom nine bath rented out room by room and then also rent out the adus right and then that'll
07:07give you avenues to uh to get more cash flow so you have to kind of get creative with how
07:12you're doing
07:12it you can't just go out there and buy like you know my properties in ohio where you go out
07:16buy a
07:17hundred thousand dollar property you you know you're going to get 1800 bucks a month right it's not like
07:22that in la because some of the units what are the units that i have in koreatown still what is
07:27it's
07:27they're paying 1773 for in the heart of koreatown and i can't raise the rents because they're in the
07:35rso specific zoning and rent stabilization ordinance is what they call it and i can't raise it so 1773
07:43in the heart of koreatown when all the neighbors the other units are paying three thousand dollars
07:48right so i had to buy that on a steep discount so that's kind of how we're going about you
07:54know
07:54acquiring and making sure these properties cash flow in that sense um that's the only way to do
07:59it i'm sure it's the same for your market yeah and you're identifying these through foreclosures
08:04you're you're targeting the foreclosure uh the properties that come on the market through that
08:08correct that makes sense yeah and you mentioned adus i mean that is uh here in seattle it's a huge
08:13thing um people are doing is uh i haven't heard as much rent by the room i'm sure it's happening
08:18it's
08:18just i haven't heard about it but the adu thing um is huge because they we've kind of expanded the
08:23laws uh in the area to allow for more adus um which is which is great uh but what do
08:29you do so
08:30if you're if that is a strategy that you like to pursue what are you looking for in the property
08:36that
08:36that kind of gives you the uh the knowledge that it will be a good place to to build yeah
08:42i i mean lot
08:43size is the biggest thing right because there's there is rules on how much clearance you need from
08:48each wall and lot lines right um so lot size the main thing and before i go into any property
08:54i'll
08:54do two things right i'll one i'll do i have a an appraisal appraisal type company that'll do
09:01evaluations based on uh models that i need of how much work i'm going to put in what i'm going
09:06to do
09:06to it and make sure that arv number the after repair value number is good right uh and then
09:12secondly i will reach out to and look at the county and also reach out to uh kind of engineers
09:18and
09:18developers and see like what can i do to maximize this property right and i'll do those two things
09:25during whatever due diligence period that i have i'll rush everything if it's a five-day due diligence or
09:30two-day due diligence whatever it is i'll try to have all of that done prior to even um going
09:37into
09:37the deal so that's kind of that's kind of what i what i'm doing and and it's a little bit
09:43of an
09:43investment it's a lot it's obviously money you're throwing at a deal before you buy it but i think
09:49it's worth it because if you don't do that you only buy right once right you can only buy the
09:55property
09:56once so you have to buy it correctly the first time or else you're kind of you're out more money
10:01so i'll do all this due diligence prior to even going in and i don't like rushing that um it's
10:07very strict for me in that sense yeah yeah i mean we repeat that on the episode so many times
10:13across
10:13countless episodes how important your due diligence process is never miss one of the checkpoints i'm
10:18telling you guys you got your checklist go down line by line do every single step because
10:23maybe that one that you skip over that you just feel like you don't need this time is the one
10:27that
10:27that brings out a red flag that uh once you buy it you're kind of stuck with so we do
10:31deal in this
10:32checklist is so important when you're uh when you're buying properties especially when you're
10:36doing construction when you're going ground up um for for your guys's adus here in the tacoma area i
10:41think we have a thousand square foot minimum is that what kind of what you guys are dealing with
10:45down there in la too no we can build them smaller um and depending i i've i have an adu
10:51the adu that i
10:52have built out in um the korea townhouse is well it's jedu because one's attached to the property
10:59and then the other one is uh freestanding that one's like 450 square feet so oh wow okay yeah so
11:07it doesn't have to be in this video yeah a thousand is kind of crazy right i hear a thousand
11:11i'm like
11:12that's like a whole house in la sometimes you know so um maybe because the lot sizes are a little
11:18bigger you know over there but the lot sizes are a lot smaller here um you know so we have
11:23to work
11:24with like 5 000 you know 4 500 square feet lots 6 000 square foot lots yeah and what's the
11:30uh what's
11:31the cost for construction like on a square foot basis uh i mean from a i haven't i haven't uh
11:39built
11:39one in a while but let me see the last one we did took from ground up 200 so and
11:45that was 450 so that
11:46was like 400 no no no 250 200 000 total from ground up oh yeah that's actually pretty decent no
11:53that's
11:54amazing i wish i wish that's like it was like 400 it was like 450 a foot basically okay pretty
11:59expensive
12:00yeah yeah yeah especially down there in la you count on your prices my uh my my um wife is
12:07from
12:07santa rosa and their family still lives down there and they got bids to do their kitchen or
12:13bathroom or something like that and all their bids are just like jesus christ that is way expensive what
12:18are you guys doing down there um right on man but hey so la is not the only place you
12:23invest you also
12:23are out there you chose in the midwest tell us about that that change that um that shift in your
12:29strategy why'd you choose to start investing elsewhere so the biggest thing is landlord friendliness
12:34right um la and same thing with your state right little less landlord friendly i think la is worse
12:41probably la and new york are probably the worst two places for landlords so and i saw a lot of
12:46my
12:46clients start to move towards uh the midwest as well so i was like hey if they're doing this right
12:53and and
12:54these are the clients i'm talking about not like mom and pop small uh investors these are uh institutional
13:00level investors that are going out there and buying zip codes right so i said okay if they're doing
13:05that there's something there i i have to get my foot at least in there to see what's going on
13:10so um i got
13:12out of those markets obviously ohio back when it was a little cheaper before everyone started going in
13:17it was like 120 90 grand 80 grand that type of price buy it there and i was getting rents
13:24for like
13:25eighteen hundred dollars seventeen hundred dollars sixteen hundred dollars so i said okay this is
13:29probably if cash flow wise this is where i want to be right if you won't get the appreciation as
13:35much
13:35as la or you know your market but from a cash flow perspective you'll make sure that you can make
13:41money there right so i started buying there for those reasons um also the tenant or the landlord
13:46friendliness like i said which includes unfortunately sometimes you have to do evictions or it's part of being
13:51a landlord right if people don't pay rent those processes ended up way faster in la it takes
13:57almost six months to a year to evict someone in you know let's say ohio but the last person that
14:03didn't pay rent that we had to evict only took like a month right and it was a it was
14:09a it was a lot
14:10faster right the turnover even georgia was a little faster text a little faster like la is just one of
14:15those markets where i was like okay i can't stay here if i want to grow my portfolio just because
14:20of all
14:20the restrictions and they keep making it harder so unfortunately i was like i can't i can't do it
14:26so now i'm i'm trying to move all my portfolio out to you know kind of the midwest areas for
14:32the
14:32cash flow aspect yeah yeah that makes a lot of sense yeah um are you buying are you still buying
14:37single family out there are you are you in the multi-family are you doing uh rent by the room
14:41what
14:41strategy are you pursuing in the midwest no rent by the rooms out there um just strictly mostly single
14:48families up to four units right uh and the reason i'm sticking to residential is it's easier to turn
14:54right if i'm trying to exit a property or need to exit for some sort of reason it'll be a
14:58lot easier
14:59to exit from a from a uh residential property than a commercial property right the turn times are
15:03longer residential some a lot of people can come in and buy cash right especially if it's like
15:08you know you entered in at 120 let's say on a fourplex and now it's worth you know 200 right
15:13and
15:13you need to sell it quick you sell it for 180 like you'll still make a profit but it'll move
15:18quick
15:18because someone will buy it for 180 right so i think that's kind of more so the target market that
15:24is
15:24most conducive to the cash flow winning aspect instead of being in like los angeles where you
15:29have to put like we put a million and a half down to buy that 16 unit you know um
15:34and that was all
15:36that's a lot of money right so um with that million and a half you can buy basically a whole
15:42neighborhood
15:42right in in ohio or anywhere else they hate us for it i know that every other state hates californians
15:48new yorkers anyone on the west coast that has you know higher dollar amounts move over there because
15:53it makes it a little unaffordable for the people that live there and i understand that but we're
15:58running out of places to put money right things are things keep going volatile and real estate's the
16:03tried and true way of kind of storing your value storing your money yeah yeah i meant to mention
16:10earlier you mentioned um some of your clients they they buy zip codes and uh it kind of it popped
16:17into my mind something that i've been doing recently um zip codes you know some zip codes are performed
16:22better than others and i wanted to tell you guys uh this is a little bit of an aside but
16:26i've been
16:26using perplexity um you know one of the ai um tools out there perplexity is what i use for research
16:32to uh to do this research on zip codes specifically uh when i'm i'm looking to in a metro that
16:38i don't know
16:39um one of my coaching clients um they are buying in michigan and i don't know michigan at all and
16:44so
16:44i ran this uh script to find the best zip codes that we can market to and it is amazing
16:50how how deep
16:52uh perplexity in these ai models can go into this research something that you know reits would only
16:58have had access to in the past to find the best zip codes now you can do in like 15
17:02minutes so i just
17:03wanted to mention that because zip code investing finding the right zip codes to invest in a market
17:07is very important especially if you don't know the market well um and now you can do that with ai
17:13so
17:13anyways i'm gonna get off my soapbox there to to add a little bit to that obviously to clarify i
17:19think
17:19the difference between perplexity and chat gpt which people don't know is gpt is a little more
17:24it's like date pulling from existing data that was in the past and then perplexity is pulling from
17:30modern data right what's going on right now so i think that big differential really allows for
17:35more information like you said to to be developed one of my one of my good friends was a developer
17:40in in perplexity so i that's he was describing to me the difference yeah and this was back before gpt
17:46was even big so um definitely encourage people to look at perplexity a little more too yeah yeah yeah
17:53and i have a subscription to every single one of those to gemini to perplexity to to grok to whatever
17:59i got them all the subscriptions i do like perplexity the most um for for research i like
18:06clod when it comes to like seo and writing text and coding and stuff and then lovable for like many
18:11websites gpt i just haven't been using i know it's like the big one i for some reason i don't
18:17use it as
18:17often um i don't know why i just i just don't i just the responses i get from chad gpt
18:23they never
18:24impressed me as much as clod or perplexity or even gemini sometimes so um yeah it's interesting
18:31that's a whole whole nother podcast anyways uh we have run the clock down so it is time to jump
18:36into the quick question round you ready sure all right starts with educate or yeah starts with
18:41education could be any form could be a book you've read movie you've seen conference you've gone to
18:45mentorship program you've been a part of any of that i just need two recommendations one for general
18:50life wisdom and then one for real estate the real estate one i'd say uh i really enjoyed the big
18:56short right um just just studying yeah just studying the uh outlook on how people kind of saw everything
19:03seeing similarities and markets and whatnot um book book i've read uh my favorite always hands down is
19:13going to be how to win friends and influence people that's i think been the biggest biggest help to my
19:17business career so um yeah i'd say that one yeah solid both solid nations big short it is uh i
19:25just
19:25watched it recently on a flight and i forgot how well that the movie's made very well not only is
19:31it a
19:31good topic it's like very interesting but they're just movie they got all the right actors it it comes
19:36together very well so yeah that's a it's a good call out all right next question is for your younger
19:41self let's go back to the jonathan who was uh just getting started in the mortgage industry so many years
19:46back go back to him look him in the eye give him one piece of advice moving forward don't be
19:51scared
19:53nice i like that yeah and it's harder harder or it's easier said than done how about that exactly
19:58because uh it especially when you're talking about money um with something that you haven't done before
20:02if you don't have you're not in a financially secure place putting money into anything even if it is
20:08from other people's perspective a killer deal it is scary but uh you do have to make that leap you
20:15do
20:15have to you know just go in um not on you know you're gonna have to have a little bit
20:19of faith
20:20in yourself uh because you know 10 years down the road you're gonna be thankful that you started today
20:24versus uh versus tomorrow yep all right uh next question is about finding deals it all starts with
20:33getting in contact with the seller and pen in that purchase agreement so what is your favorite way to
20:37generate leads and find new deals uh it's real estate agents are my main point in title companies
20:44i have good relationships with title companies so i'll use title companies to to source the deals
20:49right again like i said main targets are notice the defaults for closures that come up and then um
20:54and then i'll shoot it out to the real estate agents that want to work with me and say hey
20:57can you guys
20:58help me get in contact with the seller can you help me negotiate this deal um because i am busy
21:04in my own business so i'll let the professionals handle you know that aspect of it um but that's been
21:09the best way to kind of keep the the the cycle going
21:14nice that that's actually a good strategy that i haven't really nobody's really mentioned is um
21:19even if you're doing off-market stuff even if you are finding the property that you want without the
21:25realtor can getting the realtor into the into the process connecting them to take take the lead on all
21:30of the negotiations and well not negotiations but all the um you know all the transaction coordination
21:36kind of stuff uh is is great it's a great strategy to use um i love finding deals off market
21:41uh and
21:42and generating leads and that kind of thing um but it is nice to be to have a realtor in
21:47the picture
21:47um to help them kind of to to close it in and and bring the bring the person into the
21:52contract so
21:53um great call out there all right next question is lesson learned um not every deal we goes in we
22:00get
22:00into goes the way we expect it in fact pretty much every time something goes wrong and that's when we
22:05get to learn a lesson so what was the deal that went a little bit sideways for you and then
22:09what was
22:09the lesson you pulled from it uh it was the four unit i bought in koreatown that i was fixing
22:14up
22:14and had to do evations with right i didn't um the cost of doing the construction and doing all that
22:21ended up being a lot more than i expected so uh always just if you think you have a little
22:26bit
22:26of a buffer on budgets and whatnot always create another buffer beyond the buffer that you have
22:31uh just to be prepared for the worst yeah yeah absolutely i've learned that lesson hard the hard
22:38way myself so i'm right with you there um all right on the other side of the coin is the
22:43highlight reel
22:44those are the deals that we uh that just kind of stand out in our mind as our favorite so
22:48what is
22:48a deal that went well for you and uh tell us about it yeah i mean i'm i this koreatown
22:54deal that i
22:55bought for the 64 and turned it into uh 10 9 you know i think that was that was one
23:00of my first
23:00projects that i've ever done um and you know we entered in at like one six and now we're exiting
23:06at two seven selling it to like a non-profit so i'd say that's probably the highlight that's a good
23:12return yeah absolutely a million one yeah that's a good return what was the what was the capex that
23:20you put into it uh we did 300 we probably put like 300 into it yeah to fix it up
23:25that's yeah that's
23:27still a good great return yeah yeah absolutely but it was uh it's i mean not all deals are the
23:33same
23:33right that one that one again was foreclosure notice of default like that's when i really got
23:38into that kind of rabbit hole of i need to find deals within the circle that are actually truly
23:43distressed because you don't want to buy a property that they don't need to sell because then
23:49you're not getting a good deal yeah awesome yeah all right that leads us to the second to last
23:56question uh we've already kind of touched on this but i didn't ask you directly um about ai it is
24:01here to stay and it is at least for me i try to implement it in as many places as
24:06i can responsibly
24:07do so so how are well are you using ai in your business and then how are you doing so
24:11and how can
24:12you recommend others do the same yeah um like like you i love perplexity uh just because of the
24:18modern data of it um i think a lot of gpt models are older right already um just because of
24:24the data
24:24that it pulls from so i would encourage people to look into other ai models because chat gpt is is
24:30not the bible of everything it's not like a living breathing thing that will remain the top so just
24:36keep exploring different options try running like you do different models in different places and see
24:41what the responses that each one gives you and go with the one that you know fits you best
24:46nice yeah yeah perplexity is a great call out that one's uh it's really good for research
24:51all right and that leads us to the very last question this is for the listeners you've given
24:55us a lot to think about i'm sure people want to reach out get in contact with you this is
24:59a two-parter
24:59where can they find you and then what can they expect when they reach out yeah so you can go
25:04to
25:05convoyhomeloans.com and uh you know click my name and you'll see me on the website i own the company
25:11uh and then you can reach out to ty to chat about real estate investing or different ways
25:16creative ways to get real estate funded um which is our specialty and once you reach out
25:21we'll we'll kind of have that horse feel and if you want to do a portfolio analysis we can do
25:25that
25:26as well make sure you're optimizing everything and uh and make sure you're getting the best deals on
25:30everything right on yeah i'll put that link in the show notes so if you guys want to reach out
25:36to
25:36jonathan all you got to do is click a little more in the description it'll pull down that full
25:40description and in there you can find his links perfect all right man that wraps it up yeah thank
25:46you very much for offering on the show thank you absolutely for everybody who's here with us today
25:53thank you guys for showing up you are the reason we do this so if you guys have any questions
25:57reach
25:57out to me gabe of the real estate investing club.com if you guys want to support the show just
26:01leave us a
26:01review a comment anything like that other than that i hope you guys have a great week keep rocking
26:06real estate and i look forward to seeing you on the next episode
26:10you
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