<transcript><audio_191>22,000 24,000 then in that example I gave that is payday number one that's not I'm not a real estate broker that's not escrow that's a non-refundable down payment that goes in my bank account that's pay dat number one nice now the</transcript><transcript><audio_192>mortgage on that $200,000 uh house might be let's just call it $1,500 again for round math I'm going to charge the tenant buyer for round math 1,800 or 2,000 now that's net spread though because that tenant buyer is going to do what with the house they're GNA act like</transcript><transcript><audio_193>behave pay far like they own it so that means they're going to maintain it they're going to pay the taxes I'm not doing any of that I'm just going to collect a difference between the two payments so that's payday number two but that's for the life of the the whole term that's pretty cool oh okay and then</transcript><transcript><audio_194>payday three is when payday 3 is you asked about the term is it two is it four so whenever that term ends or before then the payday three comes and it comes as a result of remember they bought it for 240 they put 25 down so</transcript><transcript><audio_195>they still owe 15 grand difference between what I bought a far and what they owe me it's another 15 there but I also paid the mortgage payment that whole time there was some principal pay down in that depending on what kind of loan it was call it a couple hundred dollars a month so I'm going to get that</transcript> 22,000 24,000 then in that example I gave that is payday number one that's not I'm not a real estate broker that's not escrow that's a non-refundable down payment that goes in my bank account that's pay dat number one nice now the mortgage on that $200,000 uh house might be let's just call it $1,500 again for round math I'm going to charge the tenant buyer for round math 1,800 or 2,000 now that's net spread though because that tenant buyer is going to do what with the house they're GNA act like behave pay far like they own it so that means they're going to maintain it they're going to pay the taxes I'm not doing any of that I'm just going to collect a difference between the two payments so that's payday number two but that's for the life of the the whole term that's pretty cool oh okay and then payday three is when payday 3 is you asked about the term is it two is it four so whenever that term ends or before then the payday three comes and it comes as a result of remember they bought it for 240 they put 25 down so they still owe 15 grand difference between what I bought a far and what they owe me it's another 15 there but I also paid the mortgage payment that whole time there was some principal pay down in that depending on what kind of loan it was call it a couple hundred dollars a month so I'm going to get that
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