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509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B

509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B

FromBiggerPockets Real Estate Podcast


509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B

FromBiggerPockets Real Estate Podcast

ratings:
Length:
64 minutes
Released:
Sep 23, 2021
Format:
Podcast episode

Description

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America.Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating?In This Episode We Cover:Manny’s “American Dream” story from immigrant to multimillionaire Why commercial real estate is such a profitable investmentValue-add opportunities and flipping commercial real estate over the span of a few yearsWhich real estate industries are on the downward trend (and which to invest in)The steps new real estate investors should take to make it bigWhy Manny’s luxury cars are an investment, not just toysAnd So Much More!Links from the Show:auction.comBPCON2021.COMElon MuskHolly BurtonDave RamseySpaceXFedExCVSKMartAmazonTargetBooks Mentioned in this Show:Trump: The Art of the Deal by Donal TrumpManny Khoshbin’s Contrarian Playbook by Manny KhoshbinDriven: The Never-Give-Up Roadmap to Massive Success by Manny KhoshbinCheck the full show notes here: https://biggerpockets.com/show509See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 23, 2021
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.