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Henry:
Because I know those are going to sell. I am so confident and I may only make 20, 30, 40 grand on that flip versus 200 grand on the luxury flip, but I’m going to take these small base hits because in the event something goes wrong, I can pivot and I can rent that thing if I need to. If you can’t execute on your luxury flip, even though the upside’s big, you’re sitting on huge holding costs for long periods of time and your profit gets eaten away, you can’t throw a tenant in it. You can’t make it a short-term rental out here in cashflow, so you’re kind of just screwed. So I get what you’re saying.
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