196- Our Real Estate Journey Part Two and How We Almost Lost $44,000

Journey To Launch

Jamila Souffrant

Business, Investing

4.9 • 1.7K Ratings

🗓️ 22 January 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In my second real estate venture, my husband and I almost lost $44,000. After buying my first condo, I was very interested in real estate and I was excited to reap the same benefits with my partner.

This experience was vastly different, and we came extremely close to walking away and losing our 10% down payment. In this week's episode, I share the lessons I learned when buying a property did not go as planned and how you can avoid the same mistakes.

In this episode you'll learn:

How my husband and I almost lost $44,000
Why this real estate investment almost fell through
The lessons I learned from this experience
What BATNA is
The importance of sunk cost and having a strategy plus much more…

Other related blog posts/links mentioned in this episode:

I mention my first real estate investment at 22, which went very well and I talk about it more in depth in Episode 193 of the podcast.
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Check out the other tools that help me with my finances and business here.
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Transcript

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0:00.0	You're listening to the Journey to Launch Podcast,
0:04.0	our real estate journey, Part 2, and how we almost lost $44,000. T-minus minus 10 seconds.
0:13.0	Welcome to the Journey to Launch Podcast
0:15.0	with your host Jamila Sufrant
0:17.0	as a money expert who walks her talk.
0:20.0	She helps brave journeyers like you,
0:22.0	get out of debt, save, invest, and build real well.
0:27.0	Join her on the journey to launch to Financial Freedom in...
0:31.0	Five, four, three, two, one. in five four three two one
0:37.3	Hey hey journeyers welcome to the journey's launch podcast in this episode of the podcast I am going to be sharing my
0:46.6	real estate experience where I bought a condo. No, no, no, I'm promised this is not something
0:51.5	you heard already. episode 193 I talked about buying my
0:57.2	dumbbo property this is a property that I went into contract with
1:01.5	pre-construction when I was 22 years old and closed on it, moved in when I was 24.
1:07.6	I have another tail for you, another tail, another, well this is not spooky, it starts out a little
1:12.4	spooky and then it does end up okay but I want to
1:16.2	share this tale of another real estate journey that I went on that has greatly also impacted my life and is a
1:27.6	definite start comparison to what happened with my first condominium purchase.
1:32.8	So if you have not listened to episode 193
1:34.8	where I talked about purchasing my dumble property,
1:37.2	you can listen to that after you listen to this one
1:39.6	or listen to that one first.
	...

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