UPI 2 – My First Investment Property Was A Train Wreck
Show notes
Any experienced real estate investor that tells you they’ve never had a fail or made a bad decision is lying!
Having personally invested for over two decades, purchased dozens of properties and helped thousands of Australians by billions of dollars in real estate, I can say that most of my decisions have paid off handsomely.
But my first investment – and perhaps my greatest lesson – was a doozie.
$30,000 went down the sink, and whilst it was painful to experience, I’m so grateful that it happened.
On this episode I cover many topics including –
4:15 Speaking Swedish
5:53 What’s Wrong with Socialism
7:44 Swedish Bottle Shops & Socialism
9:50 – Throwing parties for refugees in Sweden
14:02 My XMAS Decorations Business went bust
17:33 My first property was a train wreck
19:44 Most Real Estate Agents Are Broke
21:59 What I learnt from losing $30k on my first property deal
23:00 Meeting my business partner Jason Whitton
26:42 Being broke
31:49 Real Estate Riches & The 10,000 Hour Rule
32:57 The only reason you would go to Moree
34:37 Buying Four Houses for $5k each
37:14 Nuggets from this episode
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Take care,
Sam
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