Summary of Michael Blank's Financial Freedom with Real Estate Investing

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 I was fucked. But something happened that made me rethink my life choices. I’m not sure if it was divine intervention, but three weeks after the $10,000-a-month loss, I got a call from a woman who wanted to invest in my business. This would have been a perfect opportunity to rebuild the business’s capital base and save the day, but that woman wasn’t interested in investing a measly $50,000 into my business. No, she wanted $500,000. I had no idea what to do. The business was already on the brink of failure and now I was being asked for another $500,000. How did I have any money left for a rainy day. I didn’t have $500,000. My wife and I had just bought a house, and I had borrowed all the money from her father for this. And he wasn’t much of an angel investor—he was an engineer who had made millions investing in the dot-com bubble. He knew how to play the market, but he didn’t know basic business fundamentals like cash flow. Why did he think that giving me more money would help me now.
#2 I got a call from a woman who wanted to invest in my business. I was asked for $500,000. I had no idea how I was going to pay that back. My wife and I just bought a house, and I borrowed all the money from her father for this.
#3 I invested $10,000 in a business that eventually asked for $500,000, then lost almost everything when the recession hit. I eventually sold all of my properties for a loss, but at least I learned a lot about real estate investing.
#4 In 2007, I invested $10,000 in a business that eventually asked for $500,000, then lost almost everything when the recession hit. I eventually sold all of my properties for a loss, but at least I learned a lot about real estate investing.

Sujets

• Recherche d'emploi
• Recherche d'emploi
• Recherche d'emploi
• Job Hunting
• Careers
• Employabilité, métiers et formations
• Economics
• Business

Informations

• Publié par: Everest Media LLC
• Date de parution: 18 septembre 2022
• Nombre de lectures: 0
• EAN13: 9798350029086
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Michael Blank's Financial Freedom with Real Estate Investing
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3
Insights from Chapter 1

#1

I was fucked. But something happened that made me rethink my life choices. I’m not sure if it was divine intervention, but three weeks after the $10,000-a-month loss, I got a call from a woman who wanted to invest in my business. This would have been a perfect opportunity to rebuild the business’s capital base and save the day, but that woman wasn’t interested in investing a measly $50,000 into my business. No, she wanted $500,000. I had no idea what to do. The business was already on the brink of failure and now I was being asked for another $500,000. How did I have any money left for a rainy day. I didn’t have $500,000. My wife and I had just bought a house, and I had borrowed all the money from her father for this. And he wasn’t much of an angel investor—he was an engineer who had made millions investing in the dot-com bubble. He knew how to play the market, but he didn’t know basic business fundamentals like cash flow. Why did he think that giving me more money would help me now.

#2

I got a call from a woman who wanted to invest in my business. I was asked for $500,000. I had no idea how I was going to pay that back. My wife and I just bought a house, and I borrowed all the money from her father for this.

#3

I invested $10,000 in a business that eventually asked for $500,000, then lost almost everything when the recession hit. I eventually sold all of my properties for a loss, but at least I learned a lot about real estate investing.

#4

In 2007, I invested $10,000 in a business that eventually asked for $500,000, then lost almost everything when the recession hit. I eventually sold all of my properties for a loss, but at least I learned a lot about real estate investing.

#5

I invested $10,000 in a business that eventually asked for $500,000, then lost almost everything when the recession hit. I eventually sold all of my properties for a loss, but at least I learned a lot about real estate investing.

#6

I invested $10,000 in a business that eventually asked for $500,000, then lost almost everything when the recession hit. I eventually sold all of my properties for a loss, but at least I learned a lot about real estate investing.

#7

I realized that the value of single-family houses was determined by what other houses in the same area sold for in the past six to twelve months. With apartments, I wasn't as dependent on market forces I couldn't control, and instead I could control the value by influencing the net income it produced.

#8

Because of the recession, banks were no longer lending money for single-family houses. But they were lending money for apartment buildings.

#9

A syndicator is a real estate investor who finds deals, raises the down payment from private investors, and puts the deal together. The syndicator can be compensated in three ways: upfront, while they own the asset, and when they sell or refinance the asset.

#10

I learned that in 2007, the value of single-family houses was determined by what other houses in the same area sold for in the past six to twelve months. With apartments, I wasn't as dependent on market forces I couldn't control, and instead I could control the value by influencing the net income it produced.

#11

After losing almost everything in the recession, I learned how to invest in apartment buildings, found a way to get financing for the first time, and bought a small apartment building with my investor friends.

#12

After losing my investor friend