ZeroDown

“The biggest thing that we evaluate is, like, is their income, like, healthy? Right? And do they have some savings? Because, like, we help them build the rest of the savings to be able to buy the house from us five years from now. So, so we are basically making…”

“If you actually look at the math at zero down, like, against rent even though the monthly payment is higher than rent, but at the end you get purchase credits that's worth, like, 15% of the home, and if you take that into account, It actually ends up being che…”

“So you get .25% of the home every month, And over a five-year period, you get 15% of the home. So it becomes easier to buy the home from us at any time you want after a two-year period.”

“Zero Down is actually two businesses. Like, so we have a tech company and a, what is called a prop core, a property company. So the property company is actually a fund that actually goes and buys houses and holds them, and the fund has a lot of infrastructure,…”

“In fact, like, we charge the customers a 10,000 dollar upfront fee. That's how we make money. We split commissions with the buy side broker, and that's how, like, those are the two big things we make money.”

“We are doing about a dozen homes a month right now.”

“Probably 75% of our customers so far have bought homes in two to three weeks. And they're in a home like in a month, month and a half. From the time they heard about zero down a month and a half, they're in a home, which is crazy.”

“A pretty fast, like, three to five minute, like, qualification flow. You just connect your bank accounts using Plaid. Like, we look at an asset report. We look at your income. And we say, like, Craig, you can go and buy a 1.4 million dollar house. Like, and he…”

“There are people in the Bay Area today making more than 200,000 dollars household income, but they can't even think about buying a house.”

“Machines can take your choice from 10,000 homes to 20 homes. Like, 20 to one is a human problem. 10,000 to 20 is a machine problem.”