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Rental Income Podcast With Dan Lane

Going Bankrupt And Losing Everything Because Of Rentals With Jeremy Paris (Ep 46)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Entrepreneurship, Investing, Business

4.8836 Ratings

🗓️ 22 September 2015

⏱️ 27 minutes

🧾️ Download transcript

Summary

Jeremy shares how every investment he has made in rental properties has gone bad, and how he eventually ended up going bankrupt and losing his properties.

Transcript

Click on a timestamp to play from that location

0:00.0

inspiring interviews with today's top landlords this is the rental income podcast and now

0:08.5

dan lay i put together a list of seven things i wish i knew earlier about renting properties

0:13.9

if you want to check them out just go to my website free landlord gifc dot com over the last year we've had some incredible rental property owners on this show.

0:24.7

I know I've learned a lot here in their stories, and I've personally been really inspired,

0:28.9

and I hope that you have as well.

0:31.5

But the truth is that things don't always go right.

0:35.1

You can make mistakes, you can make bad investments, and bad things can happen to you.

0:41.5

And I think it's really important to hear those shows.

0:44.1

And I think we can maybe actually learn more from people that have made mistakes than people that have been super successful.

0:51.9

One of my favorite shows is episode number nine. We talked to Jim

0:55.9

Adams and Jim told his story of how he bought a hundred properties. He was on top of the world.

1:01.3

The properties were cash flowing like crazy. And then the economy crashed. And he couldn't fill his

1:08.0

houses. He had a lot of vacancy. He couldn't get the same kind of rents he was

1:11.8

getting and he ended up getting foreclosed on a hundred times he lost every single property

1:17.9

he ended up having to declare bankruptcy and one night things got so bad he had to sell his

1:24.9

wedding ring to have money to buy his family dinner.

1:29.2

I mean, it's just a horrible story.

1:31.4

And so I think that hearing those stories is actually good.

1:35.4

I think we can learn a lot by figuring out the mistakes other people have made along the way

1:40.5

and avoid making those mistakes ourselves.

1:43.9

So joining me on the show today is Jeremy

1:46.9

Paris. And Jeremy has tried several times to buy rental properties. And every time, things have gone

...

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