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Invest Like a Boss

264: Johnny's Worst Real Estate Investment

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8518 Ratings

🗓️ 23 February 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

Johnny and Derek sit down for a special one on one episode to discuss Johnny returning to his investment property in Kharkiv, Ukraine. This was his first time back at the property since the war between Russia & Ukraine broke out almost exactly a year earlier. At the time, Johnny's Kharkiv condo seemed like a cash flow dream situation, which thanks to Russia, turned out to be too good to be true. Find out what Johnny found when he arrived and how much he's lost on this investment so far.

Discussed: 

Where we are:

Sponsor:

  • Indeed
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    *Johnny and Sam use all of the above services personally.

Time Stamp:

  • 01:47 - Update from Kyiv
  • 07:33 - Why Johnny Chose to Invest in Kharkiv
  • 11:26 - The 1% Real Estate Rule
  • 17:38 - Airbnb Fees
  • 22:38 - How Johnny Got Back to Kharkiv
  • 27:30 - State of Johnny's Condo When He Arrive
  • 36:30 - Total Costs So Far and What Revenue Johnny Was Able to Collect

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Transcript

Click on a timestamp to play from that location

0:00.0

What's up bosses? Before we kick off this episode, I want to tell you about our sponsor this week.

0:05.0

Indeed.com. Indeed is the hiring platform where you can attract, interview, and hire all in one

0:11.9

place. Don't spend hours on multiple job sites looking for candidates with the right skills when you can do it

0:17.1

all with Indeed. Indeed knows when you're growing your own business. You have to make

0:22.5

every dollar count. That's why with Indeed, you only pay for quality applications that match your

0:27.5

must have job requirements. And Indeed has all kinds of amazing tools that I'm going to tell you

0:33.1

about later in the break. But if you want to get a jumpstart now on your hiring, just visit

0:37.2

indeed.com slash iLab, just visit Indeed.com

0:38.5

slash iLab. That's Indeed.com slash ILab. Indeed.com slash ILAB. Terms and conditions

0:47.0

apply costs per application pricing not available for everyone. Need to hire. You need indeed.

0:52.9

All right. Let's kick off this episode of Invest

0:55.1

Like a Boss. Welcome to the Invest Like a Boss podcast. I'm Sam Marks. I'm Derek Sparts. And I'm

1:00.6

Johnny F.D. We're self-made entrepreneurs who invest our own money and use modern technology

1:04.5

to invest like a boss. Join us each week for exclusive interviews with our network of modern

1:08.7

investors, business owners, and multimillionaires

1:10.8

to discover new ways to invest our hard-earned cash.

1:15.0

What is up, Bosses?

1:16.1

Episode 264.

1:19.6

It's The Invest Like a Boss podcast.

1:20.8

I'm Derek Sparts here in Los Angeles.

1:23.3

Johnny, I believe, is still over in Kiev with plans to travel.

1:28.4

Johnny, how are you?

...

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