I Almost Went Back To My 9-5 | Real Estate Investing For Beginners
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The video features a speaker who shares his experience of owning $40 million worth of rental properties that he bought without using any of his own money. He talks about the issues he faced along the way and the lessons he learned from his first ten deals. In particular, he shares a story about a three-property deal that almost caused him to go out of business. Despite setbacks, the speaker and his team got creative and persevered, which eventually led to building a $40 million rental portfolio.
The speaker emphasizes that the purpose of his channel and social media is to help benefit others, and he hopes that viewers can learn from his mistakes and not repeat them. He admits to getting cocky and not double-checking his numbers when he bought three properties. He learned that he should always do due diligence and not rely on his gut feeling. He also learned that you can get creative with real estate and still make it work even if you make mistakes.
In one situation, the speaker and his partner were faced with a difficult situation when a three-property deal went bad, leaving them with a loss of over $20,000. They ended up selling the property they liked the most, which they had bought in the first place, and made about $15,000. They spent a lot of time and effort on the deal and ended up breaking even. The speaker learned several lessons from this deal, including not getting too cocky and always doing due diligence.
Overall, the video provides valuable insights into the real estate industry and the importance of being diligent and creative in order to succeed.
The video features a speaker who shares his experience of owning $40 million worth of rental propert