How to Lose Money

Latest Episodes:

27: Multifamily, Multiple Homicide Horror Story with Andrew Cushman Feb 20, 2017

Show notes

Hear how Andrew Cushman overcame a horrific real estate deal and rebounded to success.

In 2007 Andrew left his corporate position at a large food corporation to start a business in real estate investment. Starting off with single family properties, Andrew completed 24 single family transactions (purchase, rehab, sell), all of which earned significant returns for both his business and investors. In 2010 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned 1,546 multifamily units that are providing investors with strong returns.

26: How to Lose Money by Investing in Oil and Gas with Jake Fouts Feb 16, 2017

Show notes

Jake is first and foremost a husband and father of three and he lives about an hour south of the beautiful city of Seattle, in Washington State. He's gone through the traditional "go to school and get a good job" path and that worked out pretty well; allowing him to travel around the world managing high-end construction projects, primarily working and traveling to New York, Australia, Toronto, and Portland.

Jake was working in New York during 9-11. That caused a massive impact in his thinking...how can I make the biggest difference in peoples' lives? Always the action taker, he decided to become a fire fighter. A "job" that he still has today and will continue to do even though it's not financially necessary. Jake, along with his brother Brian, are the owners of The Elevation Group. The Elevation Group is a financial education company they acquired using the strategies they learned as members.

Their goal is to grow that business and get this wealth-building information into the hands of as many people as possible. They have significant experience in many real estate strategies and also manage a private investment fund they started 2 years ago.

25: How to Lose Money by Investing Internationally with Kathy Fettke Feb 13, 2017

Show notes

Kathy Fettke is the co-founder of the Real Wealth Network, and she specializes in teaching people how build multi-million dollar real estate portfolios through creative finance and planning. She is passionate about researching and then sharing the most important information about real estate, market cycles and the economy. Author of the #1 best seller, Retire Rich with Rentals, Kathy is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR and CBS MarketWatch.

24: How to Lose Money by Starting a Business with the Wrong Partners with David Roush Feb 09, 2017

Show notes

How to Lose Money is all about helping YOU avoid costly business and financial mistakes. Have you ever considered starting a business with a friend?

Sometimes it's great. The money is coming in, there aren't any major disagreements. Other times not so much. Hear how entrepreneur, house flipper, and real estate investor David Roush started a business with some friends and how he would do things differently now. Remember, failure is not fatal. It's your choice.

23: How to Lose Money in Venture Capital Investing with Greg Feldmann Feb 06, 2017

Show notes

Greg Feldmann, President of Skyline Capital Strategies, was approached by a vetted entrepreneur with a brilliant new technology with promising sales. Yet the business didn't work out as he hoped.

Hear how Greg overcame this momentary setback and the incredible lessons he learned about how to be successful with venture capital investing, and investing in general.

21: The Difference Between Investing and Speculating with Jack Woomer Jan 26, 2017

Show notes

Jack Woomer has worked in the multifamily industry for almost three decades, but he has a side hustle. He's been doing it since the year 2000. His side hustle is buying houses, rehabbing them, renting them, or quickly selling them for a profit. In other words, he is a real estate investor and has been quite successful at it. In fact, he has flipped over 70 homes while working a full-time job.

Jack has learned some valuable but painful lessons about investing in general, and how different it is from speculating. As a reminder, we do this podcast to help YOU avoid mistakes and expedite your journey to financial freedom.

20: How to Lose Money by Being Greedy with Bill Manassero Jan 23, 2017

Show notes

Do you struggle with greed? Hear how greed can cloud your vision and destroy your business, and learn how you can avoid the same pitfalls.

Bill Manassero is the founder of the Old Dawgs REI Network, a blog and podcast for people 50 and older who are using real estate investing to fund retirement. Bill's goal is to own and control 1,000 apartment units in less than six years. Prior to owning the Old Dawgs REI Network, Bill and his family served as missionaries in Haiti. Before he was a missionary, he spent twenty years in financial/business services, in both the entrepreneurial and corporate sectors. A few highlights of Bill's career include meeting Ronald Reagan, Jimmy Stewart, being interviewed by Oprah Winfrey, and having CNN make a documentary about his work in Haiti.

19: How to Lose Money Through One Bad Tenant with Michael Blank Jan 19, 2017

Show notes

Michael Blank is a full-time entrepreneur, investor and coach who's passionate about helping others do their first apartment building deal and get out the rat race. Michael has raised $1.6M for 35 residential and multifamily projects valued at over $7.5M. He continues to actively invest in apartment communities in multiple states throughout the East Coast and Midwest. His asset management partners control over $58 million in performing multifamily assets all over the United States. In addition to his own investing activities, Michael provides training and consulting services via www.TheMichaelBlank.com and has helped students acquire over 300 units valued in excess of $11,000,000. Michael is the host of the popular podcast "Apartment Building Investing with Michael Blank" and he writes regularly for the Bigger Pockets and Flipnerd's REI Classroom. Michael lives in Northern Virginia with his wife and 4 children.

18: How to Lose Money in a Failed Condominium Conversion with Scott Meitus Jan 12, 2017

Show notes

Around 1997 Scott Meitus, Founder and Director of the Windward Group, was working for a fairly large real estate firm in Chicago. They did a number of condominium conversions.

The story got interesting when the president of the company wanted to push the envelope. They tried to expand into the Milwaukee area—and it didn't turn out quite as well as they had hoped.

17: How to Lose Money by Trusting the Wrong People with Brian Fouts Jan 09, 2017

Show notes

Brian Fouts, CEO of The Elevation Group, and his brother had a real estate project sourced by someone they considered a trusted source.

The deal didn't look much different than all the others they had done. They were excited, and they closed on it within a week, moving very fast to take advantage of a hot market.

Little did they know they put their trust where it didn't belong...

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