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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