Tommy Dobczyk walks through a real estate deal where buyers pay off a $300,000 hard money loan, then give the seller $120,000. He calls the pricing "firefighter math" and worries they're exploiting a distressed seller who just wants out fast.
Long story short, if they, if they come in and so this is the deal that Amor was able to swing. This is how crazy this is. They have a $300,000, I think it's like a $300,000 hard money loan on this property right now. They want to go pay that off and then allow us to pay them $120,000 as our— $60,000 as our down payment.
Okay.
Again, to me, the number is firefighter math. And I want to, I feel bad. I'm being 100% honest about it. I feel a little bit bad taking advantage of firefighter math.
It just sounds like he's ready. They're ready to get out of it. And sometimes Sometimes, like, people are like at a point of pain, a pain point where they're like, okay, I just need to—
so let's do this.
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