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Podcast: My Worst Investment Ever Podcast
Episode: Mathew Frederick – Look Beyond the Surface When Buying Property
Description: BIO: Mathew Frederick specializes in finding and securing under-contract, off-market multi-family, and office buildings for conversion to their highest best use.STORY: Mathew bought a building without knowing that it had underground storage tanks of fuel that were polluting the environment. It cost him $400,000 to clean up the mess. The mess further reduced the property’s value to $1.7 million from $2.1 million.LEARNING: Make a minor adjustment to your ego and humility. Do your due diligence. Know the fights to walk away from. “I realized I had to make a minor adjustment to my eg...