Thank you for watching - You learn WAY more from your mistakes than from your successes which is why I shared this story. I've been involved in lots of deals after this property, so I'm glad I made my mistakes early on 😂! If you want to see what you SHOULD do, watch My Very Profitable Real Estate Deal: kzbin.info/www/bejne/iai8h5t8iKxqi80
@citizencaine31517 жыл бұрын
Minority Mindset I don't feel bad now with my 1st rental property. without failure...there is no success!
@dabullzfan257 жыл бұрын
I wouldn't be surprised if the City did that stuff to the properties. if buyers get the properties cheap and so much work got to be done, who benefits? (the City, and I don't mean the citizens)
@dabullzfan257 жыл бұрын
hollymatterson I live in NJ. Not too much difference between where I live and Detroit. These tactics and knowledge can be applied to any mediocre to hole-in-the-wall location. But, most people don't intentionally buy in crappy areas. There is usually some sucker-born-every-minute twist in the mix or real estate redevelopment type thing.
@kangaroojack62737 жыл бұрын
-This is the definition of a Nightmarem (Jesus, thanks for sharing) *Remember; a Smart-man learns from his mistakes ~ a Wise-man learns from others mistakes.
@andrereyes9177 жыл бұрын
Minority Mindset hey wusup buddy
@harrisonbooth61297 жыл бұрын
Videos like this are priceless. None of these "real world" problems your discussing are on any college exam. You have a great channel.
@94nolo6 жыл бұрын
What's amazing is this is the only way a lot of guys like me can learn this information.... aka real world examples and experiences.
@illuminatedperspectives28946 жыл бұрын
BUT ITS COMMON SENSE TO HAVE ANY BUSINESS AGREEMENT ON PAPER
@sunskyriver5 жыл бұрын
Didn't realize you were on KZbin to study for your college exams. You sound stupid, but I get what you're trying to say.
@illuminatedperspectives28945 жыл бұрын
@@sunskyriver Why wouldnt he use a world wide media source of knowledge like youtube to study for an exam? Schools have been using youtube for educational purposes for over a decade now.
@illuminatedperspectives28945 жыл бұрын
@@sunskyriver You're behind the times. catch up, This isnt 1982 anymore. We have E-books now
@ferndog14615 жыл бұрын
This is REAL business, 101. I'm impressed with your honesty.
@rauda30707 жыл бұрын
1. Hire an inspector 2. Hire a licensed contractor 3. Invest into the property 4. Don't leave lock box out in public view 5. Have a secure security deposit in case of any problems with tenant's rent income Thanks bro
@DaveWard-xc7vd5 жыл бұрын
0. Don't buy property in Detroit.
@Arroyoruiz4 жыл бұрын
And number 6. Don’t buy an investment property in Detroit!!
@Realg4014 жыл бұрын
I’d buy one for a long term investment has to be professionally inspected head to toe
@duanebenjamin16174 жыл бұрын
@@DaveWard-xc7vd really it that bad
@Techandrecharge4 жыл бұрын
3.5 make sure you've got an attorney reviewed contract with the contracter you hire to fix up the property.
@dard46425 жыл бұрын
Before I ever owned properties, I would have heard a story like this and been positive I would never get myself into that type of situation. Now that I own properties, I have learned how easily it is to find yourself right in the middle of this type of predicaments. Never take for granted good contractors and good tenants.
@UltimateBargains7 жыл бұрын
Never ask an insurance salesman if you need more insurance. You will always know his answer before you ask. Likewise, never ask a general contractor who found the property if it is a good deal for you to buy it and to hire him to repair it.
@MinorityMindset7 жыл бұрын
You got that right!!
@eitkoml7 жыл бұрын
That and Detroit failed to adapt to changing conditions.
@jay-rus44377 жыл бұрын
UltimateBargains .... This is "nearly" always a correct conclusion, but not entirely accurate. There are a few honest business men still around. I am a contractor, have a real estate investment background, and offer my clients honest and accurate advice. To the point i have absolutely advised a client NOT to make a particular purchase because it was not in HIS best interests. It could have been a lot of work for me, but that doesnt mean its what is best for my clients. I am WAY more concerned about long term business relationships and my reputation than i am about a quick dollar. Because of this i have a good solid client base that trust the advice i offer. These are out of state clients that count on me to be their eyes when they cant be here. Is that risky for them? Yes....and that is why trust between us has become the most valuable transaction.
@ObscureManifesto6 жыл бұрын
My dad asked an insurance sales lady where to invest his money. Guess what her answer was? WHOLE LIFE INSURANCE. TOTAL WASTE OF MONEY.
@JohnDoe-gc1kt5 жыл бұрын
@@ObscureManifesto whole life insurance isn't an investment vehicle for people who have money idk why she wouldn't have told him an annuity. She was either a shitty person or uninformed.
@MadMaxMFP-dc6kw4 жыл бұрын
Never, never ever use an inspector recommended by the real estate agents, I've been burned twice.The inspectors will okay everything just to get the house sold/bought.
@zedzed52764 жыл бұрын
As long as they are licensed, you should be fine. Go back and say the inspector missed it, so they are liable.
@Ty-qx9fk3 жыл бұрын
Yep, never ever. Speaking from experience. Also don’t let them be onsite with your inspector the day of inspection.
@NadyaPena-013 жыл бұрын
agreed. I got burned on my first home purchase because of bad inspection.
@slothypunk3 жыл бұрын
I guess I am lucky so far then. My agent recommend me a house inspector and the inspector recommend a lot of things to be fixed!
@jasonwilkins19693 жыл бұрын
I disagree with this. The real estate inspectors we hire were very clear about advising Us. In fact, they went above and beyond what was actually legal for them to do. To protect us from buying a really bad property, our inspector called our realtor in the other room to tell him to tell us not to buy it because the inspector couldn't directly tell us that.
@KrisKrohn6 жыл бұрын
Holy Moly! Crazy story. Thanks for going into so much detail. A lot of valuable lessons learned and shared.
@silverltc27296 жыл бұрын
Can we hear your worst story Kris?
@osmanmohiuddin13 жыл бұрын
Hey Kris you should do one like this to share with us your worst lessons learned!
@Ay-B4 жыл бұрын
One-third of the way through and my anxiety is so high! It's not even my property/problem!
@ranveersanghu30103 жыл бұрын
😁 same here and i dont live in America!!!
@DeadbeatSuperAffiliate7 жыл бұрын
I can feel the pain in your voice when talking about this property. The one thing I've learned about working with people is that if you give anyone room to screw you over, chances are they will. Congrats on seeing it through to the end Jaspreet!
@ThomasFoolery86 жыл бұрын
Deadbeat Super Affiliate exactly. That’s been my experience as well. People call me cynical but I’m just a realist.
@convex74566 жыл бұрын
Yeah man. No honoe or respect in our society anymore. Well atleast its rare
@susanthomas76595 жыл бұрын
Priceless comment, if someone wants to screw us they will.
@bayoubuttlips5 жыл бұрын
Deadbeat Super Affiliate I’ve been a landlord for quite a while I always live by the saying - ‘NO GOOD DEED GOES UNPUNISHED’!!All tenants think landlords are filthy rich!!
@jayc47156 жыл бұрын
Never pay contractor before they do work
@Therealsarahtonin_5 жыл бұрын
jay c exactly!!!!
@justmyopinion98835 жыл бұрын
Great advice. After they get the money, there is no incentive to do the work.
@Spahi775 жыл бұрын
Dont hire shitty contractors....guarantee this guy he hired was piss cheap...was bound to happen.
@utah20gflyer764 жыл бұрын
I used to be a licensed contractor, I would require 25 to 50 percent down before starting work. I would never start a job without some money down because that would require me to trust the owner 100 percent to pay me. If you don't get money up front you are taking on too much credit risk as a business owner in my opinion. There aren't a lot of businesses that will essentially give you 50k up front on your word you will pay them later, not sure why people think that is reasonable in the construction industry.
@bigsean1314 жыл бұрын
Man U hire ME- Im the PropMan property manager... 1/3 of payment to contractors once on site and work begins ILL PAY FOR MATERIALS BUT IM ON SITE WHEN THEY ARRIVE EVERYTHING IN PHASES
@amarbanwait71667 жыл бұрын
This video should be called A series of unfortunate real estate events
@XffTheGrid4116 жыл бұрын
LMAO!
@leilanidru75065 жыл бұрын
That’s funny😂....the joke, not the fact that it happened to jaspreet....that part’s sad😔
@DJSHaKa4 жыл бұрын
That is how you learn, he was just a college grad learning the ropes. A seasoned pro (which he will become one day) would have avoided most of these.
@OurPerez5 жыл бұрын
Failure is the greatest teacher💪🏾
@spamfree18207 жыл бұрын
I like this guy! Authentic true hustler
@spamfree18207 жыл бұрын
Two videos in instant subscribe
@ghackney95495 жыл бұрын
Looks like he got hustled to me.
@robinsonsegura97443 жыл бұрын
me2
@erichenderson5575 жыл бұрын
Dude I literally just subscribed to this, and I could actually feel the pain you were going through trying to describe that home. But I promise I gathered much information out your woes! I really hate that it happened to you the way that it did but it was a learning experience for you as well as countless others that you have graciously took the time out to share with us all. Thank you sir for this informative testimony...
@MotivationMindsetU6 жыл бұрын
the city was just milking you because they're low on money. that would have drove me nuts.
@hallmonitor987 жыл бұрын
permits for smoke detectors and painting windows? That sounds like corruption
@dickyboi49566 жыл бұрын
hallmonitor98 I think you mean "regulations"
@josephanthonyharrisiii60916 жыл бұрын
Bad luck and good ol' Detroit public corruption.
@sunskyriver5 жыл бұрын
The founding fathers would be so pissed if they heard you had to pay a tax to do your own work. This country is a fucjing joke
@jaredmoone87415 жыл бұрын
That's why I always ask for these so called 'inspectors' to put everything into writing, time, date, what needs to be done, date required, date for next inspection and sign it. That way if something goes south, you at least have a bit of protection and something to show the court/government agency.
@miballs655 жыл бұрын
Corruption? In Detroit? 😂
@SikhTranslations6 жыл бұрын
My mother is a real estate agent and I've heard so many stories like this. The tips you gave on getting your own contractors and legal contract is so true.
@Reikimakesmehappy7 жыл бұрын
I am so glad I found your channel. I make decent money and am in my mid 30's with a son. I want to create a legacy.
@adonnisalexander73884 жыл бұрын
This has to be hands down one of your best videos. I really appreciated how honest and vulnerable it was. Like not to hate on your newer videos (because I watch them like everyday) but this one speakers 100x louder because there was so much to learn and no hype music/comedy to distract the audience. Definitely would love to see more like this
@rgsander17 жыл бұрын
As a landlord I feel your pain, and yes I have a nightmare property too
@omarlyons5005 жыл бұрын
Yes, I have had similar situations. I admire your tenacity and persistence. I'd rather just own reits. Keep up the good work, my brother. You are making a difference and your work is highly appreciated. Thank YOU!
@feliciacharles41847 жыл бұрын
Thanks for sharing your experience. Glad to see you didn't let this deter/defeat you. You overcame cause you keep positive and stay hustlin
@MinorityMindset7 жыл бұрын
+Felicia Charles Thank you!! Always :)
@lifechoices47495 жыл бұрын
Sikhs are like that, they are very peaceful people.
@justinrobertson55165 жыл бұрын
Thank u jaspreet! Wish I could hug u man because for so often in investing people only show the good side with the yachts and cars but don’t talk about the failures which I love thank u
@rl957197 жыл бұрын
Omg what a nightmare. The cement 😱
@Funfoods3 жыл бұрын
I learned a great deal in this video. Thanks for sharing. Sorry you had to deal with such a headache.
@tankmachine12337 жыл бұрын
Daaaaam your nice, People taking anvantage of your kindness.
@CoLabFactory5 жыл бұрын
I had this, almost exact, same story happen to me in IL down by E St. Louis. The person that led me astray was a real estate agent friend who just wanted to make a commission. The inspector I hired worked for her. The guy that left me stranded and I had to evict let his dog run in the house for at least a month and there was crap on everything including all the furniture he left inside. And they stole my water heater and all the copper pipe in the basement by turning the water off at the street. And all the contractors I hired kept making things worse. I ended up watching KZbin and fixed things on my own. I never recovered from the torture of that property. I eventually had to do a short sale because I got so deep in it and every tenant I brought in found a way to not pay the rent. I later found out the cops were surveying the place for drug activity. And the city of Belleville, kept finding ways to add fees and taxes until it was impossible to own. Very tough to watch ur video. But thanks for sharing. Keep it up.
@JusdoinstuF7 жыл бұрын
Grit and persistence are essential to success at any level. Nice job sticking through it. Talking about the lessons you learned from a struggle period in your life was a great video idea, you should do more like these lol.
@ronwhiteleo33525 жыл бұрын
Wow, you shared the very reasons why I will never be a landlord... thanks man, this advice is worth a lot...
@jacobschultz54957 жыл бұрын
Shows the government at its best
@jonathanskogebo7287 жыл бұрын
Jake Schultz what 😂
@mflare6007 жыл бұрын
Government is a waste
@olskoolnewpaint7 жыл бұрын
Especially Detroit. City of corruption.
@matthewrehkemper1287 жыл бұрын
And I thought my city inspectors were bad .Mine were so bad I had to bring in lawyers just to get electrical inspection Approved
@robertmcgee1417 жыл бұрын
Jake Schultz liberal democrat government for sure.
@MrMont1016 жыл бұрын
You my Friend, are the epitome of "The American Dream". Salute 👏
@chriscj717 жыл бұрын
I feel stressed for you man 😅. Thank you so much for sharing! It means the 🌎 to be exposed to this level of knowledge and experience
@qleap994 жыл бұрын
This is the most _real_ KZbin financial video I've ever seen. Much more impactful compared to anecdotal stories given while on a set. It gives people hope and belief by showing them a slice of real life, that it may not be all roses and rainbows and if you can encounter and get through things like this, they can also. Thank you for your honesty and this video.
@FirstPerryBoy7 жыл бұрын
Got very similar situation in UK. Bought property without really checking it. At the time I was on a roll. And thought I couldn't go wrong. I bought it with so many issues. One of them, it Had a protected tenant so I could've even get rid of the property for years and has cost me 1000's. Finally selling it now at a loss. Man it sucks, but learned a lot.
@Holabella5 жыл бұрын
I loved that you talked about this. The fact that we so seldomly speak about our failures is the reason these and similar situations are more common than we think.
@kebman7 жыл бұрын
Even here in Norway (yeah, in Europe, not USA), Detroit is *infamous* for being the worst place to invest in property. Thanks for this video, though. Did you know Warren Buffetts company is named after his worst investment? Yeah, it's to remind him to never do so poorly again.
@sshizas69863 жыл бұрын
Wow. You went through the wringer. Glad you got through it. Thank you for sharing your story.
@prodby5117 жыл бұрын
I know this is off topic but that jacket is 🔥🔥🔥
@user-ei3ow8ic4z7 жыл бұрын
Dion Knox lmao but true
@user-ei3ow8ic4z7 жыл бұрын
Dion Knox it looks so good on him lmap
@franklubin5704 жыл бұрын
One of the best videos in Real Estate investing
@prospectla63167 жыл бұрын
So what were the final numbers in terms of all in cost versus how much you sold the property? Thanks for the vid!!!
@musical_smile_guy4 жыл бұрын
DUDE!! Super informational, and super inspiring. Thank you
@dre73705 жыл бұрын
Yeah, when my father threw me out the house I was forced to drop out of H.S. in order to have a place to stay, that was my 1st worst decision. I HAD to be a follower cause I was too uneducated to have a minority mindset. And I'm STILL in the same situation, but as long as I'm alive I'm going to continue to try to achieve my goal of independentcy. Thanks for your video's it is VERY uplifting to help me see what happens when you DON'T give up 👍🏾
@shgarrett6244 жыл бұрын
I'm so sorry that happened to you... Thank you so much for sharing your story, and staying positive and motivated...You are a gem.
@redbugbluebug4 жыл бұрын
Man, every single video you have till now are so potent and informative that I had to creat a folder and call it "watch again". Thanks bro!!
@R_manatee6 жыл бұрын
Thanks for being real. Congrats on getting through that. I’ve had a nightmare tenant but it’s nothing compared to what you went through.
@gwynmelenat22137 жыл бұрын
biggest mistake: detroit
@ErickaWilliamsCC4 жыл бұрын
its billions of dollars being poured into the city you gotta see it with your own eyes. I got 10 rentals there and I live in austin texas. Plus majority of investors from new york, brazil, europe and canada.
@alphonsomack27954 жыл бұрын
Ericka Williams Agreed. I have properties there myself and live out of state. Do you use a property manager or manage them yourself?
@OvidianHEX_4 жыл бұрын
Brooo dam this is an eye opener. You are a tough man, to withstand all the bs.
@decentralizedplanet4827 жыл бұрын
Shady contractors, crapy tenants, illegal baby sitting operations...thats Detroit for you. Invest in higher dollar properties only in this city. Awesome vids thank you!
@al13844 жыл бұрын
Thank you for being honest and talking about your past mistakes. Shows nothing but bravery and self confidence .
@obsoleteprofessor20346 жыл бұрын
Don't feel bad.. on second thought I hope you feel horrible and never do it again! My dad and others have "traded" repairs for rent... not one came out well. He had a guy stay for 3 months and when dad finally got around to evicting him, the guy called the inspector and health department and complained that he was living in substandard housing. Another deal.. dad sold some bare land that he bought for 16k and sold it for 300k w/50k down owner carry at 10%/15 years at the peak prior to the 2008 fall. I told dad to sell the note and run. Dad got greedy and said he was going to make "un chingo de pesos"(actually dollars but he thinks all money is pesos) so he held onto the paper. 2 years later the economy dumped and the guy defaulted. I owned the property next door so it was convenient to park my dumpsters on (formerly) dad's property. Once dad served papers, the guy called the cops on me to move my dumpsters! Dad said "Well..I guess the guy's only human". Dad repossessed the property and then couldn't sell it for jack! Our economy got so bad even the prostitutes in town dropped their prices. Years later..(6 months ago) the guy came all smiles and wanted to borrow a huge sum from dad. He offered him some farmland as collateral. Dad jumped on it and the guy immediately took off to Mexico. It turned out that the farm lost its water rights and it was basically worthless. I guess dad can go into solar farming. What pisses me off is that we're suppose to be the smart ones yet a tenant can throw his tennis shoes into the bedroom and he is suddenly in control of OUR MONEY!!!!
@tamarmcginnis86104 жыл бұрын
If you would have hired a realtor you would not have had so many problems, but since you are a realtor yourself, you took short cuts this is a good lesson. That if we get our license to do our own deals, be a good realtor, not just an investor. Glad you came back and did not give up. Thanks for sharing because most videos only share success. Appreciate this, really!!!
@BeatSyncBytes7 жыл бұрын
Businessman in college WTF I just used to watch movies in college
@lourdesortega54934 жыл бұрын
Thanks for the informative video. I can totally relate. Thanks again.
@colabare7 жыл бұрын
man I love this guy already!!! and I'm a Detroiter.... I knew this was a Detroit house from the thumb nail!!!
@decentralizedplanet4827 жыл бұрын
colabare I said the same thing!
@ghostly8367 жыл бұрын
I'm from Michigan and I could tell instantly that this house was local.
@lanecianowell41586 жыл бұрын
Ditto! Now Keep Hustlin!
@Rarasrevenge6 жыл бұрын
Hahahaha yup
@nibabi6 жыл бұрын
I recognized it as Detroit too!
@depthbrewedrollers.87934 жыл бұрын
Sorry to hear you went through all this mess. Thanks for sharing with us, some of us do pay attention and do take notes so what you endure was not in vain. Thanks Jaspreet... highly appreciate your advises.
@IanBernardoo7 жыл бұрын
Wow man even really smart people make mistakes. I just bought my first property and I'm doing the work all myself. Contractors are too expensive
@claudioccornejo7 жыл бұрын
ianbernardoful tell is how it went
@mauroantelo2887 жыл бұрын
how did that go for you man?
@LaDeeDah7 жыл бұрын
Did you pay it outright?
@calmerchbeats7 жыл бұрын
????
@eclpzlvr976 жыл бұрын
You're supposed to buy the property at a price where hiring contractors isn't too expensive. It's the repairs and CapEx part of your due diligence.
@marktirabassi71603 жыл бұрын
Hi my names mark . I'm 56 years old. Never owned property n always rented so my money's wasted. I'm starting over , I've watched your videos so far and am gonna do better now. I like this video so I can learn how to buy a place sum day . Your truly a hero n one cool dude . Thank for being here .
@FatalDsyr7 жыл бұрын
Learn and read about REITS there better investments than buying physical property in my opinion
@Kabala2855 жыл бұрын
OMG! That’s horrible but, thanks for your candor on such a painful event. I’ve had my share of problems including letting an X girlfriend live in the property without all her financial info or a credit check-you know how that turned out-she paid for 6 months and left me with the bill. Literally, I also co-signed for a friend on a loan who did something stupid and lost his job-which stuck me with his loan. Both of these things happened at the same time and forced me ultimately into bankruptcy. Like your examples, you gotta do your homework and protect yourself which i was to naive to do back then. There are no friends in business and anyone trying to be your friend is trying to screw you! No collateral, no loan. No checking of merchandise or property by professionals, no deal! Be careful out there!
@mvpmikey4 жыл бұрын
Seems like those property inspector are actually friends with each other earning extra cash with all the renovation.
@evarsonazevedo53214 жыл бұрын
Man, that sounds like a nightmare. Sorry for that. Thanks for sharing.
@chuyvapes55514 жыл бұрын
The biggest mistake he didn’t mention was NEVER buy in Detroit!
@MrBigtime19864 жыл бұрын
So many people from the suburbs come to detroit and think they'll be millionaires. its the funniest thing
@robinsonsegura97443 жыл бұрын
TRUE
@btsmith3 жыл бұрын
Man, very hard lessons learned when you naturally have a big heart, and especially when running a business. But it is necessary.
@jatinlalwani83555 жыл бұрын
Well, That experience earned you a subscriber today! :)
@GN-cj5we4 жыл бұрын
You are a Saint ! Thank you for posting this !
@ShawwwHa3 жыл бұрын
My wallet hurt after watching this and it didn't cost me a dime. I can't imagine what Jasprit must have felt like.
@bikenraider995 жыл бұрын
It's very humbling to talk about a failure. It sucks it happened to you. Athe same time it provided so much experience for you, and to us. This video is what made me subscribe. Keep sharing the knowledge and keep hustling.
@TRDCelica7 жыл бұрын
More like "how to avoid crooks" Jesus dude. At least that's over and done with
@DnG1006 жыл бұрын
Thank you for sharing. I know everyone has been burned at some point when making deals. It has happened to me and it cost me almost 10k. Like you, it was a contractor who was looking for easy bait. It’s all a learning experience. flipping and renting property is so draining! You definitely have to have thick skin, patience, and diligence. It does get easier once you learn how to handle every situation that comes up but man!!!! You feel like throwing in the towel but once you settle in, all that hard work pays off.
@BrokenAbucus5 жыл бұрын
"There is crime in Detroit." ~ Jaspreet
@haiminh42634 жыл бұрын
LOL
@MrNemitri4 жыл бұрын
I guess why building Robocop in Detroit makes sense
@Brandon-xp1ob4 жыл бұрын
Sorry to hear that happened. But the second best thing you can do is learn from your own mistakes and the best is to learn from other peoples mistakes so thanks for sharing. I'm looking into buying investment property condominium and I'll definitely heed your words. I worked in property mgmt and I always saw other people getting screwed by their contractors and real estate agents that would tell them what they want to hear. DONT TAKE THEIR WORD FOR IT PEOPLE. And unfortunately a lot of contractors only care about getting paid. Thank you Jaspreet for all that you do, I always look forward to your videos. Cheers!
@knock_knock30075 жыл бұрын
This man is fire and extremely motivational. Thank you for the wise and inspiring words and story!
@tirod46934 жыл бұрын
Thank you for this!! I started buying rentals in my 20’s with no mentor and no support. Learned the hard way like you did. The struggle makes you stronger although its such a nightmare at the time. Thank you for always being honest. You help a lot of people. What a great legacy you’re leaving ...
@FroggyFrog90007 жыл бұрын
Damn. I guess Detroit is not a bargain after all!
@aram.v7 жыл бұрын
Froggy Frog 9000 it’s not Detroit, it was his fault for not doing his due diligence. I have property in Detroit and none of this happened to me.
@dlt0746 жыл бұрын
No, he was getting a shake down from the organized crime syndicate that runs the city.
@backwoodsoutlaw59776 жыл бұрын
Froggy Frog 9000 😂😂😂
@will2010846 жыл бұрын
Better off burning it
@david941346 жыл бұрын
Froggy Frog 9000, Detroit is cheap for a reason. What a PS City.
@jamiewittmeier83576 жыл бұрын
Oh my! That would definitely be a nightmare situation. Glad that you are over it now.
@relaxedmind24746 жыл бұрын
Man they was messing with you. People rent without inspections all the time in Detroit
@Excalibur25 жыл бұрын
It's really good to hear about stories like this, there's so much positive info out there about how real estate makes you so much money but they really don't emphasize how it comes with a lot of risk, and not just from the people you're renting to.
@justinwilliam56935 жыл бұрын
Bro your videos are so "real" and authentic. Thanks for your dedication to help everybody become financially woke. Hoping to take your Climb Wealth Blueprint course. Keep Hustlin
@ezichibordner16996 жыл бұрын
Thank you for being so real! This is brilliant. I am not in real estate but this applies to business in general. Most of us start businesses with no experience and we learn from our mistakes.
@investorwayne7 жыл бұрын
man thats a scary story worth telling at a camp fire!!
@reflectionsofagenxdiva4 жыл бұрын
I’m so sorry that you went through such a trying situation. I don’t know if I would have been that strong but the fact that you are sharing your experiences so others can avoid the horrors of home purchasing is very kind of you! Again we thank you💕
@cleanasdirt68325 жыл бұрын
Cutting corners, in the end, costs more.🇨🇦
@Dr.A.Rosenberg5 жыл бұрын
Welcome to Detroit ! You get what you pay for . Thanks for being transparent . You're a wise man beyond your years .
@colthenrie16315 жыл бұрын
War stories like this is where I learn the most. Thank you for being real and honest! A subscribe and like from me.
@lovellesg67904 жыл бұрын
happened to me too! I sold it during covid and in regret it now. bc of the bad experience I automatically assumed things would go bad....but in retrospect things were fine. I was just emotionally exhausted. lots of lessons!
@bslorbust5 жыл бұрын
" Finally get a tenant. Wooooo" I felt that.
@ronaldlachance83905 жыл бұрын
Thanks for being so honest! Unfortunately this. Is what happens to trusting people . You wouldn’t do those things to anybody, so naturally in your head you don’t think anyone will do it to you. Lessons learned!
@vazaruspaytonas70175 жыл бұрын
I'm staying far from real estate. I can't. My children and wife are enough management for me. I gotta diversify in something else lol.
@slothypunk3 жыл бұрын
Your wife needs to be managed? Dang I feel sorry for you mane, you are married to a girl than a woman there! I know girl is fun, but that is what you need to pay for fun girl! You need to manage your wife, and you kid now rather than have your wife stand beside you building up the future!
@evonsdatabase39815 жыл бұрын
I am a licensed agent in NY, When he speaks I understand the troubles he is going through... I like that he keeps it Real!
@kyleslifestyle85417 жыл бұрын
As soon as you said Detroit I realised your biggest mistake.
@nmarkose4 жыл бұрын
Am really glad it worked out at the end. Not only you've learned a valuable lesson, we did too. Thank you for sharing!
@RobKluck5 жыл бұрын
Haha i knew this was detroit just from that outside and awning. Always glad to find someone local on YT
@famemobile59785 жыл бұрын
Best advice for any entrepreneur is at 17:00. Its like climbing a hill. If you leave before reaching the top you won't see the good life. Good luck and thank you - Raft Capital, UK
@mt.doomer66457 жыл бұрын
lol, don't need to watch anything after hearing Detroit.
@williamburkhead6295 жыл бұрын
Excellent video. Amazing that you didn’t quit. I’ve had similar experiences. Thank you.
@trollsymctroll53615 жыл бұрын
I would love to see the final true numbers on this project.
@stoneesoj30554 жыл бұрын
Thank you. It’s true, life can get sad when your investment doesn’t work out. Especially when you invested so much time. Still the wisdom acquired is undeniable.
@philpaule4724 жыл бұрын
Never in my wildest dreams would I want to own anything in Detroit
@c.s.vaught13005 жыл бұрын
Uggh, yes usually when purchasing a home the house gets inspected during the process of purchasing it , it is one of the first things to do and then you can back out of the deal if you find too much wrong with house that you can’t afford to repair. Even if you are paying cash for the house, always have it professionally inspected first..