18 min listen
Buying and losing 100 Properties With Jim Adams (Ep 9)
Buying and losing 100 Properties With Jim Adams (Ep 9)
ratings:
Length:
22 minutes
Released:
Nov 4, 2014
Format:
Podcast episode
Description
Every real estate investing story doesn't have a good ending. Jim Adams is proof of that. Jim built an empire overnight. He found an estate sale that included 70 rentals for his first purchase. He than purchased another 30 properties on his own. In a short period of time, he built an empire of 100 houses, and had a staff of 20 people. When the market crashed, Jim lost all of his rentals, plus his personal house, and his cars. A lot of people would find it difficult to move on after a loss this big. But, not Jim Adams! Today, Jim has re-built his life and is doing great. On this episode, Jim shares what he would do differently today, and shares how he has moved on with his life. What he would do differently: He would buy houses subject to He would buy nicer, higher end houses He would buy fewer houses Favorite Real Estate Book Secrets Of A Millionaire Landlord by Robert Shemin Other Advice: Don't let people know you are the owner of the property. Have your LLC own your property, and present youself to tenants as the lowly landlord. Jim's Podcast: Family Matters First
Released:
Nov 4, 2014
Format:
Podcast episode
Titles in the series (100)
What To Do When You Can't Find A Good Deal With Nick Polce (Ep 25): I want to buy another rental property, but I just can't find a good deal in my market. Nick Polce is an investor that lives in the same market as me, and he it having no problem finding deals. On this episode he tells us how he is doing it. by Rental Income Podcast With Dan Lane