RE-POST!!! SORRY ABOUT LAST WEEK, The podcast got MESSED up big time and I sincerely apologize, CHECK IT OUT AGAIN
Summer breezes, cotton candy, babies laughing and smiling—It’s all so awesome isn’t it? All the TV wannabes make it look picture perfect and easy don’t they?
Well, most things are never perfect, and anything with any value is typically never very easy…
The real life of real estate investing isn't easy... It's never that simple and there are always complications that CAN and DO come up even on a simple purchase or sale of a property.
This deal put us through the ringer, up and down and 15 rounds with the Mohammed Ali of real estate let’s say.
Here’s a few takeaways:
-Go with your gut, if it doesn’t feel right, or your intuition is pushing you a different direction, strongly consider something may not be right.
-Always get a 2nd opinion even on simple day to day processes when there’s a potential change made to it—e.g. sending a wire without a title company
-When you make a mistake, learn from it, grow from it, gain knowledge from it and GET BACK UP again jump back in the ring
In Summary, we lost about $60000 on this deal, before we even bought the property if that makes sense! Hear the journey it took to get it back!!