Episode 138: How We Lost $22k on Our First Real Estate Investment - SUMMER REWIND

<p dir="ltr">This episode originally aired in April of 2023 and we are beyond happy to announce that we have purchased a slam dunk investment property since this episode was released. Tune in to season 4 to hear all about the process. Season 4 officially launches on August 30th!</p> <p dir="ltr">Today's episode is a summary of our first real estate investment journey, which was a bit of a belly flop! We sat on a vacant home for 15 months and poured dollar after dollar into it before making the decision to turn around and sell it without ever having renters. We share the real numbers and what our next steps are. Investing in real estate can be overwhelming and difficult, so we want to be as transparent as possible for others out there. Happy listening!</p> <p><strong> </strong></p> <p dir="ltr"><strong>In this episode, we chat about:</strong></p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">The sunk costs with our first investment property</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Selling and walking away</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Next steps in our real estate investing journey</p> </li> </ul> <p><strong> </strong></p> <p dir="ltr">MENTIONED IN THIS EPISODE:</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href= "https://podcasts.apple.com/us/podcast/the-reality-behind-real-estate-investing-why-its-not/id1520347266?i=1000584749160"> Episode 97: The Reality Behind Real Estate Investing + Why It's Not for Everyone</a></p> </li> <li dir="ltr" aria-level="1"><a title= "Episode 78: Long Distance Real Estate Investing" href= "https://podcasts.apple.com/us/podcast/long-distance-real-estate-investing/id1520347266?i=1000554176745"> Episode 78: Long Distance Real Estate Investing</a></li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation"><a href= "https://thefrugalgay.com/">Tom Brickman, AKA The Frugal Gay </a></p> </li> </ul> <p dir="ltr"> </p> <p dir="ltr">ABOUT PRICE OF AVOCADO TOAST