My First Investment Property Was A Train Wreck

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

 

I’d love it if you left a review and a rating for this episode, and please share it with your friends, family and colleagues if you’ve found this episode interesting. 

 

Take care, 

Sam

 

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