Hey guys, welcome to this episode of The Passionate View. Today we have on through virtual Zoom today, round three with Tark on Musa, everyone's favorite flipper from HGTV's Flipping 101 and Flip or Flop. Thanks so much for being on the show today, Tark. What's up, buddy? How you been? I'm great, man. I'm hyped to have you on. And today we're going to talk all about what's going on.

At the time we're filming this, you know, we're in quarantine with COVID-19. And I just really wanted to have you on and bring value the audience, people watching around the world and talk about what's going on in real estate. You know, a lot of people are seeing what's going on in the economic climate and they're getting scared and worried. but other people are getting wealthy, right?

Other people are finding opportunity,

creating opportunity.

So I just really wanted to bring

you on and talk to you a little about what's going on in the economy with real estate and also

some of the opportunities that a lot of people just haven't educated themselves to know is out there.

Yeah, no. So here's the thing. You just nailed it, dude. It very, very scary times. There are going to be a lot of people losing their homes. There are going to be a lot of people losing their investments. But the ones that know what to do, like the ones that are ready, the ones that are prepared, you make your money when the economy is hurting. So for those that are ready to become a real estate investor, it's all about timing, right? The time to become a real estate investor is the best time I've ever seen, man. Like, it's the best time. Wow. So talk to me a little bit about what are most people that you're seeing who are getting fearful doing? And I'm sure you have a lot of friends who are successful in real estate. What's the difference in mindset? What are the people who are scared doing now in real estate? And what are the people who are succeeding doing now in real estate? I'm sure you're noticing patterns in both. Yeah, yeah, of course. I mean, like the masses are scared right now. They don't know what's going on, right? So the inventory of supply is slowly creeping up because more homes are coming on the market.

The demand has diminished because people aren't getting in the cars.

They're not looking at houses.

So we're kind of at a standstill.

And what people don't understand is once the quarantine has lifted, Omar, all these people

that haven't put their homes on the market because they've been waiting, they're all going to come on the market. So we're going to see a flood of excess inventory for

sale with low demand. So what does that mean for the investor? That means you're patient,

you're persistent, and you wait. And here's what's going to happen. Those that have to sell

are going to reduce the prices, right? And those that have to sell are going to take less. And those that are in a situation where they don't have a choice but to work with an investor, they're going to sell. So if there's an, if there's an investor that's ready to make money in this market, the opportunity is there. It's hard to explain how, how it's, it's almost like the perfect storm of everything happening

right now to where if you're a real estate investor, the opportunity to strike it big is really,

really huge right now. Now what about people who say, you know, well, yeah, I can buy a property

but, you know, I can buy a property, but no one's going to buy it from me. Is it time, in your

opinion, to invest in those real estate assets and then give it some time to the market recovers and then sell? What would be your game plan or advice to people in that regard in terms of how to- Well, we're talking about a few different things, right? So if someone's looking to flip a house or wholesale a house, for me, for example, I'm trying to actually buy as little houses as possible right now. So I'm mostly focused on wholesaling. I never buy the house. I'm the middleman and I get a good commission, right? Anywhere 20,000, 50,000. I just didn't want a few weeks ago. We made 100,000 on it and I never bought the house. When you're wholesaling real estate, your risk

level is non-existent because you're not buying the property. So if the market conditions change,

you don't own a house, you didn't sign for a mortgage, you have no liability, right? The second

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