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Main Street Business

#616 The Big Short & Rod Khleif's Story: How to Rebound

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 7 April 2026

⏱️ 36 minutes

🧾️ Download transcript

Summary

What would you do if you lost $50 million and thousands of properties overnight? In this powerful episode of the Main Street Business Podcast, real estate investor Rod Khleif shares his raw story of the 2008 crash, how he lost over 2,000 properties, and the mindset that helped him rebuild an even bigger portfolio through multifamily investing. This conversation breaks down hard-earned lessons from failure, the truth about single-family vs. multifamily investing, and why mindset is the real ke...

Transcript

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0:00.0

In 2008 and 9, I lost $50 million conservatively. I had 800 houses. It was the houses that pulled me down.

0:06.3

I was only at a 30% loan to value. I still crashed and burned. What killed me was the maintenance.

0:11.2

What took an hour at one of my apartment complex was 12-day at one of my 800 houses.

0:15.5

It takes as much time to deal with a house remodel than it does a commercial building.

0:20.5

You could either do a 10-figure deal or a five-figure deal in the same amount of time.

0:25.1

Yeah, what's easier, buying 20 houses or buying a 20 unit?

0:28.2

I mean, you know the answer.

0:35.1

I'm so excited for today's guest, Rod Cleef, the author of the book, How to Create Lifetime

0:40.5

Cashflow Through Multi-Family Properties, and host of the podcast Lifetime Cashflow through

0:45.6

Real Estate Investing. Now, I love his story, and I'm so excited to get into it with him because

0:51.6

he went through the big short, the real estate crash of 2008,

0:57.8

all of that mess. He lost over 2,000 properties, individually owned properties by him,

1:04.2

not through private equity, but through his hard work and labor, and lost them all. Then he rebounded.

1:10.2

And that story of the rebound is what I'm

1:12.6

really interested in. And he's such a dynamic individual with great stories and of so much

1:20.2

powerful information when it comes to real estate investing. So excited to have him here with us today.

1:25.7

Well, Rod, thanks for joining me. I'm really excited about

1:28.0

this conversation. We've had a chance to interact already. And previously, I was able to be on

1:33.7

your podcast. We're going to make sure the link for everybody down below into Rod's podcast. You all

1:39.3

have access to it. It's amazing. And why I was excited, Rod I made, about this interview is I'm a little older.

1:47.8

I have so many young people that don't even know what the 2008 crash was about. And I had a law

1:53.3

firm, multiple properties of real estate that I had, and a little commercial residential.

...

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