Mortgage Mistakes That Can Cost You Your Dream Home With Fred Glick, René Pérez Jr. and Chris Gustavel Of Arrivva

Here’s a glimpse of what you’ll learn: 

• Uncover the truth behind origination fees: what they are, how they’ve evolved, and why understanding them is key
• Hear pro strategies for navigating the mortgage process and spotting hidden fees during your conversations with loan officers
• Learn how to navigate fluctuating mortgage rates and compare loan estimates (LEs) like a pro
• Discover why a strong pre-approval is crucial in competitive markets
• Uncover potential pitfalls with employment verifications and how they could delay your loan approval
• Discover a tool that can help you negotiate repair credits with confidence based on inspection reports

In this episode with Fred Glick, René Pérez Jr. and Chris Gustavel

Don’t let hidden fees or mortgage missteps cost you your dream home!

In this must-listen episode of We Fixed Real Estate, Fred Glick, René Pérez Jr., and Chris Gustavel of Arrivva pull back the curtain on the mortgage process to reveal common traps and how to avoid them.

From dodging sneaky origination fees and hidden costs to securing powerful pre-approvals that give you a competitive edge, they’ll share the strategies top agents use to protect their clients. You’ll also learn how to spot rate manipulation, tackle tricky employment verifications, and even negotiate repair credits with confidence. Don’t miss it!

Resources mentioned in this episode

• Fred Glick on LinkedIn
• René Pérez Jr. on LinkedIn
• Arrivva
• Live Mortgage Rates
• Evolution Fresh Cold-Pressed Mighty Watermelon Juice
• Repair Pricer
• Inspectify

EPISODE TRANSCRIPT

[00:00:00] Drew Thomas Hendricks: We have a tremendous amount of enthusiasm today for the latest episode of We Fixed Real Estate.

[00:00:05] Fred Glick: E A G L E S, Eagles!

[00:00:10] Drew Thomas Hendricks: Eagles won. Fred was right, and he even had the spread. If you looked at the past episodes, he was off by three points.

[00:00:18] Fred Glick: Killed them. I knew it. I knew it.

It’s dynasty time, people.

[00:00:25] Chris Gustavel: I’m ready for a new dynasty.

[00:00:26] Fred Glick: There you go.

[00:00:28] Drew Thomas Hendricks: But René, as René pointed out, this could be a harbinger of doom. Every time the Eagles have won anything, we’ve gone into an economic downturn. That was,

[00:00:43] Fred Glick: I think it was an NFC versus AFC thing or whatever. It doesn’t matter.

[00:00:49] Drew Thomas Hendricks: Either way. Eagles won Fred’s happy. And if Fred’s happy, we’re all happy. There you go.

[00:00:54] Fred Glick: Have the Dallas Cowboys left the league?

Can they go to the Canadian football league? I wonder.

[00:01:00] Drew Thomas Hendricks: I don’t know, it might just be the Canadian football league. It has to be another state.

[00:01:05] Fred Glick: Yeah. I mean, Los Angeles might be in the, in Seattle might be in the Canadian football league.

[00:01:11] Drew Thomas Hendricks: Los Angeles might be in Denmark. A lot of stuff happening.

[00:01:13] Fred Glick: Yeah, it’s like, I’m going to

[00:01:15] Chris Gustavel: Denmark.

[00:01:16] Fred Glick: I mean, like take a trip to Copenhagen to see the capital or new capital. So yeah, Denmark said, after Trump said he’s going to buy Greenland, Denmark said, we’re going to buy California. So anyways,

[00:01:31] Drew Thomas Hendricks: It’s about real estate and what we’re super enthused about today is origination fees.

[00:01:40] Fred Glick: Yeah, so here’s kind of the story.

There’s this thing called an origination fee that dates back to, I don’t know, the 14th century. So the way loans used to work is you go to Mr. Banker. And Mr. Banker says, okay, well, we’ll give you the loan. It’s 4 percent and you pay 1 percent origination fee, which basically means this was the fee that the bank was getting.

These were the points they were making. And if you wanted to get a lower rate, you would pay what are called. Discount points. They discount the interest rate. So if you paid two total points, one origination, one discount, maybe you got three and three quarters instead of four. And yeah, those were the rates in the 1950s and early sixties.

VA had an origination fee. FHA had an origination fee. They kind of all did it the same way. And then all of a sudden, when all the mortgage-backed securities happened and a bunch of other things, that stopped. So I could show you today, if you said, “What’s your rate for a loan?” I could show you like, I don’t know, 10, 15 different choices of interest rates.

So it’s like a seesaw I give you. A really high rate and that’s going to be with maybe a rebate from the bank or the lender or the mortgage-backed security in order for you to take that high rate. If you want a really low rate, you’re going to pay fees to get that low rate. It’s that simple. But what’s happening in the mortgage world with mortgage loan officers and how they play this little game with people is they say, “Oh, your rate is,” here’s the situation we have.

Let me give you the live situation. So we have a buyer, got under contract and we quoted him a rate, let’s get the rate, let’s say it’s six and a half with no points, no origination, nothing. I think there was a little bit of a rebate and he goes and he’s also working with another company who gets him six and a quarter with no points.

I said, “Yeah, hey, that’s a great deal. You have to take it.” Well, it comes to the fact that the originator, the loan officer, the licensed loan officer, he forgot to tell them, “Oh, there’s an origination fee.” I mean, it’s complete crap. So when you hear someone quote your rate, you want to know all the points, including origination fee.

You have to say those words now, so they can’t lie to you. Okay? The lender fees are all pretty much the same. There’s somewhere between, you know, 900 to 1, 500 for standard loans, depends on the lender. Then there’s tax service fee, flood cert fees, those kinds of things you’re going to have everywhere, credit reports, appraisals.

But that’s how you want to compare mortgage lenders. And that’s all, that’s the only thing you need to compare with them is the rate and what each rate would cost, including origination, please say including origination because that’s where they’re trying to lie to you because down the road, you know, it gets ready to close and you start looking at the numbers.

It’s like, well, wait a second. What’s this 1 extra point. So they actually sort of can’t do this because of Dodd-Frank rules. But I won’t get into that. But the bottom line is the consumers, you’ve got to be aware and there’s less deals out there. There’s less sales. There’s no refi. So these originators they’re dying to get deals done.

So they’re gonna lie cheat and steal any way they can some of them. I’m sure most people do, you know, normal things. Here’s the difference between us and 98 percent of the companies; our rates are online. They’re live. You can go to arrivva.com/rates, but in your scenario, there’s the library. A lot of companies don’t want to do that because they want to talk to you.

They want to show their value, but you know, we’re happy to talk to you. But if you just want the rate in the middle of the night, there it is.

[00:06:06] Drew Thomas Hendricks: It’s not just the rates of them all the night. You can actually sign up and get rate notices whenever there’s changes. I know I’ve signed up and I get a nice email every week or so.

[00:06:15] Fred Glick: Every week you should get it every day, sometimes two, three times a day.

[00:06:19] Drew Thomas Hendricks: I picked a low-frequency option, but I do like to keep abreast of it.

[00:06:28] Fred Glick: Got it. So yeah, the bottom line is be very careful. Get total costs. Just the lender costs. Everything else is the same. Don’t worry about everything. The title insurance escrow, it’s going to be the same no matter who you go to as a lender.

[00:06:43] Drew Thomas Hendricks: I got a question. Cause I, I pay a mortgage, but I’m not, this is not my specialty. You mentioned the origination fee and suddenly there’s an extra point. Is that extra point of full interest point on the terminal?

[00:06:55] Fred Glick: 1 percent of the, 1 percent of the loan.

[00:06:58] Drew Thomas Hendricks: 1 percent of the loan the first time, but they don’t get an extra point.

[00:07:02] Fred Glick: No. And by the way, my customer screamed and yelled about it and they waved it. They got rid of the 1 point.

[00:07:09] Chris Gustavel: Yeah, I was going to ask that because you can’t, you can’t do that. Right? You can’t just say, “Oops, I forgot.”

[00:07:13] Fred Glick: “Oops, there it is.” Yeah, yeah, but they’re trying it every little thing. And now that the CFPB is basically gone, everybody thinks we can get away with murder.

We can do whatever we want to do. The thing is, you got to be careful. Your state, as a licensing board that can come after you, an attorney general in certain states will come after you. There’s also a statute of limitations on this thing. So, if the government changes parties in the next election, and they appoint a new attorney general and revamp this re up the CFPB and staff it and fund it, they’re going to come after you eventually.

So, you know, your choice loan officers. It’s sad that I have to do these things. It’s between real estate agents and title people and mortgage people that just don’t get it and don’t care. We ran into another title company, this, another escrow company in Southern California this week, but more to come on that, but they were trying to charge close to 8, 000 dollars for escrow where our title escrow company up north charges 1, 750 dollars. More to this story to come.

[00:08:33] Drew Thomas Hendricks: You mentioned that someone yelled and screamed and they got the origination fee removed. If you’re doing a mortgage, what’s negotiable? I mean, if you talk, if you sweet talk the person enough, what can be removed? What can be altered? And what’s just set in stone?

[00:08:51] Fred Glick: You see, the law basically is you have to give a, what’s called an LE, a loan estimate at the beginning of the deal. And you’re basically locked into those prices, but you’re not locked into the rate and points because if you’re not locked in.

Rates and points change every day. So you could have on your LE that you’re paying no points. You end up paying 6 points on a lower rate. So that’s the problem. They’re not locking you into the points, but, you know, is it negotiable? Probably not, because these rates are firm. They had them.

Let’s put it this way. Here’s the way it works and how mortgage companies get compensated. The mortgage company, who’s a, let’s say a broker, they send their loan to the X, Y, Z company. And they say to the X, Y, Z company on every loan, we’re going to charge 2 percent of the loan amount. That’s all the broker can make. Period. Done. End of sentence.

If we, by the way, charged 97 50, I’m sorry, excuse me, 47 50 for a mortgage. That’s our, that’s our margins. Ask the mortgage broker what his margin is, he’s locked into that. He, he can’t give you back a dime. We can’t change that, this is locked in by law. Nothing we can do about it. Whereas a mortgage banker may have some flexibility because it’s their loan, but they can go lower, but not higher.

[00:10:30] Drew Thomas Hendricks: That kind of a thing. So it’s, but rarely do they, they adjust any of these fees, any of these points, they may waive a fee. They could waive their underwriting fee. I mean, we, as brokers to our lender, the lender, we ask them to waive it, they won’t. You know, it’s very rare, very rare, but just check the fees. Interesting.

[00:10:54] Fred Glick: It’s again, you just have to work a little harder.

[00:10:56] Drew Thomas Hendricks: Chris, what’s your feeling on origination fees?

[00:10:59] Chris Gustavel: You know, I really in the

[00:11:01] Drew Thomas Hendricks: 1400s

[00:11:02] Chris Gustavel: 1400s. Yeah. I don’t really have an opinion on them. I’m kind of new to this whole the mortgage, you know, I’ve, I’ve had them. I’ve always had them, but I never really paid attention.

So now I’m paying attention.

[00:11:13] Drew Thomas Hendricks: Yeah.

[00:11:16] Fred Glick: Sure. In the industry that so people who are not in the industry.

[00:11:20] Chris Gustavel: Well, I used to let my ex would deal with that because he was in the industry, so I just didn’t didn’t pay attention. Not anymore.

[00:11:29] Drew Thomas Hendricks: It’s easy not to. I mean, unless you’re Fred, it’s not all that interesting.

[00:11:33] Chris Gustavel: It’s not…

[00:11:34] Fred Glick: Because all you think about is what’s my monthly payment going to be.

[00:11:39] Chris Gustavel: Yeah, exactly.

[00:11:40] Fred Glick: That’s it. That’s it. Same with the car. You go in, the car dealers love to ask you, “Hey, what do you want your monthly payment to be?” And then boom, they got you.

[00:11:49] René Pérez Jr.: I mean, yes, the monthly payment is important, but also, people do care about their mortgage rate.

Right? So I think it all comes, boils down to, it can be whatever origination fee that there is, as long as the rate and the long-term picture makes sense. Right? Because you can have the lowest origination fees in the, in the world. But if you have a 11 percent interest rate, then…

[00:12:15] Fred Glick: Oh, sure. Sure.

[00:12:16] René Pérez Jr.: You know, and I think, you know, moving from the origination points to the actual mortgage rate we still have a lot of buyers who they are, so, so one of the, one of the tools that mortgage brokers have in order to be sneaky and capture leads is.

[00:12:37] Fred Glick: I know what he’s going to say if we lose.

[00:12:40] René Pérez Jr.: They have such as they have such a low interest rate where they, they quote you like a 5. 1 interest rate. Right. So then let’s say that we run your credit and we give you up your approval.

What we do is we give you a really high rate on the initial documentation that shows 8 percent for example, that way we don’t have to go back and pre-approve you again if for whatever reason the interest rate gets is higher than what we originally anticipated, right? But it doesn’t mean that we’re locking you into 8%, but because the other mortgage broker sent in a documentation saying that it could be 5% the client is like, “Whoa, wow, I want to work with my broker because they gave me good rates.” Well, you can’t lock any of that rate until you’re actually under contract.

So it’s good to have multiple pre-approvals, but you know, the idea of shopping the rate that that has to wait until the day that you have the signed residential purchase agreement. Anything else…

[00:13:37] Fred Glick: Because you have to check rates absolutely on the same day. Sometimes like you have to do it within a certain period of time because rates can move during the day. It’s like a stock price, they move and there’s nothing we can do to control it. The other thing the loan officers will do is they’ll say, “Hey, I’ll give you a mortgage pre-approval for exactly what you’re going to bid on a house.”

This is the absolute wrong thing to do. The reason they do that is because they want you to keep coming back to them. So you remember them and that, you know, you make a relationship with them or they make a relationship with you or try to, but the idea is when you’re bidding on a house, you want to show the seller, here’s what, here’s the biggest reason why you do not want to do a approval for just the sale price that you’re offering.

It’s even if you’re one bid, multiple bid doesn’t matter. You want to show number one to the seller. “Hey, don’t worry about me. I’m approved. I’m fine.” I mean, obviously we want them to get fully underwritten, “But look how qualified I am. You don’t have anything to worry about.” The seller doesn’t. Say, “Oh, they have a higher approval. Let’s try a higher price.”

Well, you just say no to the higher price, but here’s the big one. And here’s where we’ve seen this happen. And we’ve told people and they lost houses because of it. Just to make up an idea. You bid a million dollars on a property and 2 other people do it. Seller comes back and say, okay, “We got 3 people, you know, making reasonable offers. Now we’re going to have a 2nd round to go higher, let them bid against each other,” which is normal. And then they look at your paperwork and say, “Oh, you’re only approved to a million dollars. We won’t include you in the second round of offers because you can’t qualify for it.” So your loan officer has screwed you out of a house and we have seen this happen.

So again, get the highest pre-approval you could possibly get and have a good agent. And you be able to negotiate, not based on the fact that you think the seller is going to ask more because you’re approved for more. That’s silly. That’s in the old days when you were the only one bidding, you want to play hardball, it’s dumb and it doesn’t exist anymore, so.

That’s that.

[00:16:12] Drew Thomas Hendricks: That is that now I have no segue to this cause I have no idea what this is, but, well, I do know what it is. What’s an HR department employee and what, how is that relevant to buying and selling houses?

[00:16:22] Fred Glick: Okay. So here’s what happens. You go through the whole mortgage process, the inspections, you get your house done and you’re about a week out from closing, what the lender has to do is contact your employer to make sure you still work there.

[00:16:39] Drew Thomas Hendricks: Ah.

[00:16:39] Fred Glick: Reasonable. Okay. Well, we have a couple of Google employees and there seems to be a whole mess of a problem now with verifying things with HR. You can’t just call somebody, you can’t even go on these websites that are dedicated to this stuff because they’re disconnected. So, HR at Google now has some kind of an AI thing and it’s just impossible.

So I’m sure it’ll get straightened out, but here’s the point before you apply for a mortgage, find out what the process is to get your HR department to verify your employment with the mortgage company it’s going to be called. Test it. Make sure it works. Because you don’t want to be sitting there, you know, twiddling your thumbs because your HR department can’t acknowledge that you actually work there, even with a pay stuff, they do a verbal verification of employment, or sometimes it’s in writing, sometimes it’s computer system, but they got to verify it. So realize that’s coming and prepare for it.

That is an excellent tip. You’d hate to get right to the end and then get screwed because your HR department is not doing what needs to be done. Yeah. Right. Whoops. I can see that that would create a lot of antsiness. At a minimum for sure.

What else we got, Drew?

[00:18:12] Drew Thomas Hendricks: You’re supposed to talk about antsiness.

[00:18:14] René Pérez Jr.: Yeah, yeah. That was a perfect setup. Fred didn’t catch it.

[00:18:22] Fred Glick: Yeah, I didn’t. I completely forgot.

[00:18:24] Drew Thomas Hendricks: I was so – you missed it.

[00:18:26] Fred Glick: That was a good catch, Drew. Antsiness. We get this with every time we write the first agreement for someone, deadline is 1 o’clock on Tuesday.

We submit all the documents. We put everything together. We submit it. By what would you say? René? Like 3 o’clock. They start bothering us. Do you hear anything? Do you hear anything? Do you hear anything? Do you hear anything?

[00:18:52] René Pérez Jr.: It’s pretty immediate.

[00:18:54] Fred Glick: So it’s like what you have to understand is we send in an agreement. There’s maybe X number of other bids. They all send it in. There’s not a specific deadline. Yes. And the contractor’s deadline. So that’s a whole different story. It does. And in California, they ignore them. It doesn’t matter. So, what happens is we don’t know what happens. First of all, what could happen is the agent looks at all the offers.

And sees what everybody’s offering and then she has one of her best friends making offers for their buyers and she calls him back and said, Hey, give me a new agreement for 10, 000 more than this and you’ll get the place. We don’t know that happens or doesn’t happen. There is no, nothing. That’s the listing agent has to do. Nothing. They could be taking some of the contracts that have names that they don’t like. And then when are they meeting with the seller? We don’t know. Maybe there’s 2 sellers. She meets with 1 at 1 point and another with another. We don’t know.

So the bottom is relax. We’ll let you know as soon as we know something. We verify that the people who got the contract, you know, that’s important. But then it goes in a black hole and it disappears. And we just wait and wait and wait. And every first-time writer of a contract is antsy.

Oh, what happened? What happened? What happened? So all we can tell you is chill. We’ll let you know when we know. There’s my auntie statement.

[00:20:40] Drew Thomas Hendricks: So ways to combat that, you know, it’s like set the expectations, like you’ll, we’ll give you a status update at 5 o’clock today. It may be just,

[00:20:47] Fred Glick: We’re not going to, we’re not going to say that we’ll do that if we don’t know we’re going to get an answer. Ours is when we know, you’ll know. “Everybody said, did you hear from this one yet? Did you get the forms yet?” That’s because people think that people are ignoring them. We’re right on everything. As soon as we get something, we put it into the Slack channel.

We’ll let you know when we hear, if you don’t hear from us, there’s nothing to tell you.

[00:21:13] Chris Gustavel: I think people are just so excited. You know, they’re so excited and it’s hard. It’s hard. I get that. I mean, I’ve been in that position, so I kind of don’t blame them for not, you know. I mean, I, I get it.

[00:21:24] Fred Glick: Oh, yeah. Oh, 100%.

[00:21:26] Chris Gustavel: So emotional. I’m so emotionally involved and really want that house. They’ve already moved in, you know?

[00:21:33] Fred Glick: Yeah. And then they lose it by 300, 000 dollars.

[00:21:35] Chris Gustavel: Yes.

[00:21:36] Fred Glick: Usually that first bid, you know, that’s when they start to understand the market and they either stay in or get out because people just don’t get it. When we first talked to them and we tell them about these crazy things.

They don’t think it’s real. “Oh, I like this house. I’m going to bid on this.” And, you know, well, you’re competing against people who’ve been in the market for months, years, even paying cash, you know, don’t care about certainly. You know, the first time you see a property, you get this. “Oh, well, this is a problem where the landscaping that blah, blah, blah.”

No, you don’t understand. Nobody cares about that because what you’re doing in California is you’re buying land. You’re not buying, you’re buying just an address. The location just happens to have real estate on it. That’s that’s part of the problem. So anyway, now I just want to let everyone know that I’ve changed watermelon brands

[00:22:37] Chris Gustavel: Oh Evolution. I didn’t know they still had that brand.

[00:22:40] Fred Glick: Oh, yeah Evolution the Mighty Watermelon. 336 milligrams of electrolytes. 32 ounce bottles, which is really nice.

[00:22:50] Chris Gustavel: Where do you buy that?

[00:22:52] Fred Glick: I’ve been buying, everyone’s got it. Sprouts has it. Bristol Farms has it. Routes, Vons, so it’s pretty readily available. There’s not a lot of them.

So I go in and I buy, like whatever they got in the, in the refrigeration section, I buy eight of them and they’re gone. So they think, “Oh, this must be a hot product.” Because, and I go to two or three stores and clean ’em all up. I clean them out. Yeah. So Evolution, fresh, awesome stuff.

[00:23:25] Drew Thomas Hendricks: Maybe one day they’ll send you a sponsorship.

[00:23:27] Fred Glick: Exactly. Drew, you gotta, you gotta get this out to them.

[00:23:31] Drew Thomas Hendricks: You’re on your third watermelon brand in.

[00:23:34] Fred Glick: I think. Yeah. Yeah. Started with those cans with the Vietnamese water, watermelon, coco water. This is so much better. It is just literally watermelon and lemon juice. That’s it.

[00:23:49] Drew Thomas Hendricks: René, I know this is your favorite topic.

What do you think about Fred’s watermelon?

[00:23:53] René Pérez Jr.: Instead of talking about watermelon, I’m correcting a purchase contract. So , no comment there on just spending money on all these expensive drinks. Just drink regular water. You’ll be fine.

[00:24:07] Drew Thomas Hendricks: Tap water for you.

[00:24:08] Fred Glick: I have water too. I have the electrolytes and it’s very tasty. My dessert.

[00:24:13] Drew Thomas Hendricks: Well, that message was sponsored by Watermelon Water. Let’s move on to Repair Pricer. Nothing can be more exciting than that.

[00:24:21] Fred Glick: Okay, so when you do an inspection, the point of the inspection is obviously to find out what’s wrong. But you want to go back to a seller and try to renegotiate in one way, shape, or form.

Or it’s kind of a deal where they don’t care and you take it as is. But you need to negotiate back with one of two things. And number one is asking to fix certain things, which most sellers don’t have the capacity to do or the time to do it before closing or get a credit. Now you, Repair Pricer it does a cool thing.

We upload the report, the inspection report to them, and they take each inspection item and price it out based on where the property is. So if it’s in Northern California, they’re going to use Northern California rates for, for guys who work there. And I don’t know if it’s union costs or whatever, but a fair wage for there.

And they break it down. So it’s like, okay, we want credit of 500 and it’s for this particular. And here’s our report showing that it’s 500. This is evidence. You can share to a seller and a listing agent. That is a good idea. So what are the costs? The 2nd idea to compare with Repair Pricers, put it in an AI agent.

“You are the greatest genius in the history of the world and pricing repairs in a residential home in the…” blah, blah, blah, blah, whatever, you know, give it a good prompt, telling you what you really want. We were negotiating with the seller and throw that in there. It’ll give you a cost now. Because I’ve thrown it in chat GPT and it has done it and comparing to Repair Pricer or it’s, it’s some are pretty much right on.

Some are way off, but I don’t know why I haven’t dug into it, but Repair Pricer is the easiest way to get it. I think they charge 75 dollars and take, like, 3 or 4 hours, but worst case, you want to go with the AI version, and maybe that gets you what you need, but you’ve got to use dollars to ask for credit and you’ve got to have proof.

That’s really the…

[00:26:38] Drew Thomas Hendricks: So it would give you a little more proof than going back to the seller saying, I put it in ChatGPT and they said you should give me 2, 000 dollars.

[00:26:45] Fred Glick: Yeah. And especially sellers are in their eighties and don’t use computers and have no idea what it is, but it depends on the agent too.

So, but we. Secondarily, we use a company called Inspectify that we refer people to, to get inspections done. They’re an aggregator of inspectors. They’re not an inspector, and they’re all over the country, so they find home inspectors; sewer, roof, termite, whatever. What they do is they do the same thing for us as part of their fee.

They put it in their AI that they’ve had as to what the repairs are gonna cost, so. Repair Pricer, I’m sure, has a different AI than Inspectify and the regular AIs are different. I mean, start building your own LLM if you’re that crazy. But the bottom line is you want to show the seller, “Hey. This is what it’s gonna cost. This is the proof.” I mean, go out and try to get bids, but sometimes that’s impossible, timing-wise because you have a short number of days to just get it and repair guys or they’re busy or unreliable and they’re just hard to get estimates for. There is a company that I remember, don’t quote me on it because I can’t remember the website, but it’s a roof inspection company that does something with live satellites or something that can tell you what the roof is going to cost to repair.

[00:28:17] Drew Thomas Hendricks: Oh, yeah.

[00:28:18] Fred Glick: Yeah. So, there’s, there’s no kinds of wacky things like that, but it’s just going to get deeper and deeper into this and this is going to be the future and all the inspectors are going to have this built into their software eventually.

[00:28:32] Drew Thomas Hendricks: That satellite stuff’s freaky. My mother-in-law, who I bring up on the show all the time, just got, they weren’t going to renew her home insurance because they took a video where they took a satellite image of her roof and saw that she had some stuff on her roof that would have been a fire hazard and they were just some old panels that the roofer left up there.

But they called her out on it, and they wanted to make sure that those were removed.

[00:28:56] Fred Glick: Okay, well, it’s good news, but yeah, that’s cool.

[00:29:00] Drew Thomas Hendricks: Granted, they’re light panels and would not have caused a fire hazard, and they just moved it from the front of the roof to the middle of the roof, because aesthetically it didn’t look good, but they still needed to remove them.

[00:29:13] Fred Glick: There you go. So Big Brother is definitely.

[00:29:16] Drew Thomas Hendricks: Oh, yeah.

[00:29:17] Chris Gustavel: Yeah.

[00:29:18] Fred Glick: Technology’s good and bad.

[00:29:23] Drew Thomas Hendricks: So, we’re recording this on Valentine’s Day, February 14th. We got a

[00:29:28] Fred Glick: The day of the Eagles Parade.

[00:29:31] Chris Gustavel: Today?

[00:29:32] Fred Glick: Today.

[00:29:33] Chris Gustavel: They haven’t had it yet?

[00:29:34] Fred Glick: Oh, no. Cuz it’s crappy weather during the week. So.

[00:29:37] Chris Gustavel: Okay.

[00:29:39] Fred Glick: So you can imagine all these drunks all day drinking and then trying to go out with their significant others to restaurants on Valentine’s Day evening.

They’re going to be half asleep. They’re going to be sloshed. Oh, it’s just going to be a mess all night.

[00:29:56] Drew Thomas Hendricks: Are they going to tear it up again? I mean, it is…

[00:30:03] Fred Glick: Yeah, that was at night. They had been drinking this. The parade’s kind of over. It’s like, I think at the Art Museum, you know, where the Rocky Statute is and they go through the speakers and then who knows they’ll disperse wherever.

It’s just a mess.

[00:30:21] Drew Thomas Hendricks: You’ll be there in spirit.

[00:30:23] Fred Glick: That’s it. Alright, not my thing to go to these things live. I can, I love television.

I love it.

[00:30:32] Drew Thomas Hendricks: Let’s see. Any last thoughts, Chris?

[00:30:34] Chris Gustavel: No, not today.

[00:30:38] Drew Thomas Hendricks: Not today. It’s snowing up in Seattle or now it’s just yucky.

[00:30:41] Chris Gustavel: Yeah.

[00:30:42] Drew Thomas Hendricks: It’s actually raining here in California which is good.

[00:30:45] Fred Glick: Do you have rain today? We’re finally clear. Rained yesterday. It was ugly.

[00:30:49] Drew Thomas Hendricks: Yeah, we’re, it’s weird. We’re only like 80 miles from each other. But yeah, it’s it was raining this morning here.

[00:30:56] Fred Glick: It is more storms coming in. We’re all going to die. So,

[00:31:00] Drew Thomas Hendricks: On that bright note this has been another episode of We Fixed Real Estate. 

[00:31:04] Fred Glick: Exactly. We’re all we’re all going to die.

[00:31:09] Drew Thomas Hendricks: Yeah, see you guys next week.