Want to create an interactive transcript for this episode?
Podcast: My Worst Investment Ever Podcast
Episode: Eric Simonson - Not All Real Estate Investments Are Made Equal
Description: BIO: Eric Simonson is the Founder and CEO of Abundo, a financial planning firm that teaches and empowers people to take action and own their financial lives.STORY: In 2020, during the early days of COVID-19, Eric and his wife sold their home and bought a condo because they wanted to live downtown. They later sold the condo in 2023 and lost about 10% on that home purchase.LEARNING: Not all real estate investments are made equal. Focus on location and build quality. Donβt expect to flip new builds into a profit immediately. Donβt bet on a re...