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If you’ve been listening to the show for a while, you’ve heard me mention that I’ve undergone foreclosures and had my assets frozen. I’ve never entirely divulged that story. Recently, I was reminded of the setbacks I’ve experienced in real estate, and have been reflecting on how to recover from failures.
On this episode of Investing in Real Estate, Natali and I are sharing in depth the setbacks we have experienced in real estate. We’re talking about the lessons you learn when you fail, how to avoid roadblocks in the future, and more. Join us for episode 118 of Investing in Real Estate!
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As much as we love to share our triumphs, it’s important to be transparent and say that there have been some bumps in the road in our real estate journey. In the moment, a disappointment can feel defeating. There are times when a setback feels like the end of the world.
But the saying “you win some, you lose some” is true. To some extent, setbacks are to be expected. I’m so inspired when I hear from investors who suffered from defeat, perhaps in the market crash, but are ready to take another swing at it. Getting up and trying again shows resiliency.
This week, we’ve been cleaning up the mess from one of my past real estate failures. It’s not even the direct result of something that was my fault, but it still feels nerve-wracking. I'm happy to end this chapter of my journey, but I also think it's important to reflect on its significance.
When faced with a setback, there are lessons to be learned. It’s important to not let failure stop you from trying again. It’s important to have the right fundamentals in place, such as investing for cash flow, and purchasing properties below market value.
On today’s show, Natali and I are sharing the details of our past setbacks in real estate. We’ll talk about working through defeat as a team, and how to move forward confidently. Don’t miss this episode of Investing in Real Estate!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What is the importance of investing within a business entity?
- What happens in a deficiency judgment?
- Why is it unsafe to invest in speculative projects?
- Should you invest for appreciation?
- And much more!
EP113: Using Visualization to Build Wealth and a Brilliant Life – Interview with Rod Khleif
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