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The speaker shares a recent deal they had in Mesa, emphasizing the impact of interest rates and uncertainty on their Fix and Flip business. They initially bought a property at $200k with a plan to sell it for $415k, but ended up selling it for $360k due to market changes. With the new buyer likely to pay $315k, the speaker expects to lose $20k on the deal. They caution against Fix and Flip unless buying at a significant discount of 40 cents on the dollar.
