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Wealthy Investor Podcast - Real Estate Investing, Building Wealth, Faith Based

Every Real Estate Investors Biggest Regret

Wealthy Investor Podcast - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Rental Property, Real Estate, Business, Wholesaling Real Estate, Investing, Real Estate Investing

2.5884 Ratings

🗓️ 21 June 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Not holding onto more properties and missing out on the substantial long-term wealth and appreciation they bring.---If you would like to work with Brian on flips, wholesales, or coaching, check out this page - https://www.briandavila.co/home-7863Follow Brian on Instagram - https://www.instagram.com/thebriandavila/Follow Wealthy Investor on Social Media: https://www.instagram.com/_wealthyinvestor https://www.tiktok.com/@_wealthyinvestor---

Transcript

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0:00.0

When I first started I was a realtor and I used to work at like restaurants I didn't have like business

0:08.1

you know background or whatever and I used to ask a lot of questions when I first started because I'm like, oh, I'm going to learn from my elders.

0:15.0

That's how I'm going to kind of learn, right?

0:17.0

Yeah, and then what I realized this year, I was like, you know what, I stopped asking like older people or older investors for advice.

0:27.2

I think because I've, you know, I've done, I don't know, 400 transactions now.

0:32.2

I own a bunch of real estate and all that stuff and I think I just like I know I just stopped asking right so this year I was like you know what I'm gonna go back to asking for advice

0:46.5

so what I do whenever I have like big investors like I've had Pace I've talked to Jamil I've talked to like Brandon Turner I've

0:50.7

literally talked to everyone, right?

0:54.6

And I always asked them, I'm like, hey, if you could go back to being 33,

0:58.2

because they're all about 10 years older than me,

1:00.6

you know, would you do anything different. Every single person gave me the exact same advice.

1:08.0

Do you know what it is?

1:09.0

I can't imagine.

1:11.0

I wish I would have held more property all of them literally it doesn't even fail

1:16.8

they were like pace said the same thing here is what I just say right now exactly

1:21.1

pace I was talking to him backstage at WealthCon and he was like, he was like, dude, my first few years I wholesale, wholesale, wholesale, the houses that I was wholesaling are worth, were worth 90K in Phoenix, Arizona, now they're worth 400 k.

1:36.4

I would be, his net worth would be double, like over and over, like every single investor

1:41.2

I've spoken to has said the same thing.

1:43.9

So that's funny that you brought that up because it's true.

1:47.2

Yeah, and I think not only that, but I mean for a lot of years,

1:52.3

like I only flip houses and I didn't even keep one to

1:57.6

depreciate you know like to yeah tax purposes yeah type for like I didn't

...

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