He Lost $1 Million in 18 Months Flipping Houses
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He Lost $1 Million in 18 Months Flipping Houses
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概要
A real estate investor lost a million dollars in about 18 months, starting with a partner he brought on way too early. Ben Allgeyer tells Jerremy Alexander Newsome and Dave Conley why a 28-year-old with a good job and savings still won't buy: fear, fed by a season of political ads during football games. If you don't have a pile of cash beyond the down payment, he says, keep renting. He says the fix starts with people learning to keep cash instead of spending their first big check on a car. He also explains where his deals come from now and why he's turning shipping containers into self-storage in a town of 600.
Timestamps:
- (00:00) The 40-year-old first buyer – Prices ran away from paychecks, and foreclosures are back
- (01:12) A million gone in 18 months – A partner buyout, a lawsuit and lost value
- (03:24) Frozen by football ads – Why a 28-year-old with savings keeps waiting
- (04:53) Rent until you're cash-heavy – A $4,000 septic line shows why
- (08:13) The fix starts with cash – Stop buying a car with your first check
- (12:40) Where the deals come from – A pay-per-lead partner and a profit split
- (18:29) Shipping container storage – Up to 160 units on two acres
Connect:
- Ben Allgeyer – Website | Instagram | YouTube
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