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Podcast: The Moneyball Real Estate Show
Episode: Bad Investment Tales
Description: In this podcast episode, Steve and Kevin share personal stories about their real estate investment failures, highlighting the importance of sticking to a well-thought-out plan. Steve reflects on a decision from 2005, where he sold two fourplexes for a quick cash infusion, deviating from his long-term retirement plan. While he made a modest profit, he later realized that had he kept all three properties, they would now be worth around $1 million each, generating significant cash flow. Kevin shares a similar story of failure. In 2009, after the mortgage crisis, he impulsively bought 20 homes fo...