Hey, welcome to Ask a Pro. I have somebody today that is well versed in many, many things.

Brian Page, we're going to talk about Airbnb today. We're going to talk about real estate

cash flow online marketing. This guy has done a lot of stuff in a lot of spaces. And we

also want to talk about building wealth. But I want to start because the audience didn't

see this. Right before this, you told me you paid cash for a property. So let's just

start there. And my comment to you was what? Why would you buy anything with cash?

Yeah, yeah. So tell me what happened? A bad experience of borrowing. So before 2008, I was

a real estate investor. I became a millionaire in my 20s. I was slipping properties.

How old are you now? I am 43. So I built a whole portfolio of properties and started getting

into spec homes. I built a huge seven-bedroom, seven-math house on the beach in North Carolina.

So you went from investor to builder? I got into speculating. I was working on it.

Builders all go broke. All builders go broke. I was working on it. We know that, right?

Yeah, I know. Speculators especially. Yeah, yeah, yeah. So I built this home and right around

that time I was heavily into construction at the coast. And the market turned. I couldn't

cash flow any of them. I couldn't sell them. I couldn't even sell them for what I had to

know them. And so everything went down the tubes. I let everything go. Everything got

for closed down. That was the end of my real estate empire. So like when you look back at that,

do you think it was the debt? Was it the debt or the speculation? I was highly leveraged,

but no, it wasn't the debt because I had some rental properties that were cash flowing

fine. It was the speculating on high end real estate with no buyer in mind. That's a game

that can turn quickly. Right. So I just, I want to rehabilitate you

on the debt thing because the Abrams he clearly hasn't been rehabilitated. He busted out

...