You've mentioned you build wealth uh through a lot of different ways, stocks, entrepreneurship and real estate. And I wanted to get your take on that to start real estate. You look at the real estate market right now.

Do you see it as as strong, as resilient, as a good time for investors to get in?

Right, it's a really good question because it can be very tricky, especially given the fact that interest rates are kind of settling down a little bit.

Uh, but you have to really pay attention as it in particular when you look at residential properties, you got to look at inventories.

You know, the national inventories of of uh residential real estate is about 4.1 months of supply, meaning that it's going to take four months to exhaust the existing supply

of real estate. Well, there's a rule of thumb that if the supply is less than six months, it's kind of a a seller's market.

When it's you're between six and seven months, it's kind of a balanced market. When it's over seven months of supply, it's a buyer's market. So we're really in a seller's market at four months of supply.

I think that on the residential side, there's reason for pause, even though interest rates are really, really low. You know the old saying that you make money when you buy, you realize it when you sell. So it's important to buy real estate right.

On the commercial side, when you're talking about multi-families and uh, uh office buildings and retail properties, it's always about the cap rate. It's all about what we call the net operating income over sales price, the annual net operating income over sales price.

When you have a cap rate that of uh commercial properties are selling about 8% cap rate, which is not a great cap rate and that's why commercial office space kind of lags.

So, it's really about can you get a property at a really good cap rate? Can you get a uh a decent return on your investment for your properties? I like that 7 or 8% return on my investment or else I'd rather go buy a dividend stock.

If I was a viewer and I was watching right this right now, Cedric, maybe maybe I'm just starting to get curious about real estate investing, just starting to get curious. Any kind of just basic tips and tricks, advice you'd offer?

Well, I think first of all, you want to uh buy right. That's the first thing I would say. You want to buy a property and you know that you're getting a really, really fair price. And so, you have to look at comparables. You have to constantly be doing your your your research to understand what houses in this particular region sold for historically to know whether or not you're getting a good price or not, because like I said before, you make money in real estate when you buy right.

Too often people are buying when they can and they end up buying wrong and then they hit the wrong side of the market and they have to unload it and potentially lose money.

So, you know, according to our good friend Warren Buffett, you never want to lose money. That's rule number one.