Nightmare Deals - The Black Hole Property - Episode 11
The David Greene Show
David Greene
5 • 653 Ratings
🗓️ 8 October 2024
⏱️ 45 minutes
🧾️ Download transcript
Summary
If you’ve ever felt like you were embarrassed, stupid, alone, or a terrible RE investor, you can’t miss this show. A continuation of my Nightmare Deals series, today’s guest Christopher Lane made the simple mistake of buying in the wrong location-then experienced an unbelievable run of bad luck, betrayal, lies, theft, failed representation, lost money, and ever compounding problems that at one point appeared they might never end. This show will both open your eyes, shock your nervous system, and break your heart as you learn about ways investors can be taken advantage of by others-even those hired to protect and represent them. I see this every day, and want to bring the details to you in raw, complete transparency. From property managers who stole from him, representatives that lied to him, tenants that misled him, and one of the worst strings of a downward spiral you’ll hear, Christopher hung on, fought back, and survived to tell the tale and warn other investors what to watch out for. You’ve never heard the details of a story like this on a mainstream podcast, and you’ll walk away grateful knowing what to watch out for and aware of dangers you didn’t know existed with out of state or cash flowing properties. Stories like this are why I warn so many investors not to chase cash flow blindly, and after listening, I bet your perspective on these investments/areas will change tune. Get ready for raw, gripping, and REAL content in this story of betrayal, pain, and resurrection of one tough investor. Follow David: @DavidGreene DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: [email protected] Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management [email protected]
Transcript
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| 0:00.0 | Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS, and no sales pitches. |
| 0:07.1 | I'm David Green, and I've been doing this for over 10 years. |
| 0:10.0 | I've seen the ups, the downs, and everything in between. |
| 0:12.8 | This is the show where we pull back the curtain and show it to you too. |
| 0:15.7 | So if you want to build wealth through real estate or you just love learning about it, you found your home. |
| 0:27.4 | Yeah. wealthy real estate or you just love learning about it you found your home welcome everybody to the david green show real talk real estate we are continuing with our series of deals gone terrible |
| 0:32.9 | that most other podcasts aren't going to talk about but this is a very real part of real estate investing |
| 0:38.8 | part of the pun. Nobody wants to come on a podcast and talk about an L they took or a disaster |
| 0:43.4 | they encountered it. So nobody hears about it. But I have a brave guest today. I'm joined by |
| 0:47.0 | Christopher Lane, who did have a deal that went bad, just like I've had. And just like every other |
| 0:51.5 | investor has had that they're not talking about. And he's different because he is going to talk about it. |
| 0:56.7 | So Chris, welcome to the show. |
| 0:58.2 | Thank you. |
| 0:58.8 | I'm happy to be here. |
| 0:59.9 | Yeah. |
| 1:00.2 | Now, fun fact, I believe that your wife's family lives close to me in Walnut Creek, California. |
| 1:06.4 | I'm heading out there today for a real estate meetup when we get done recording. |
| 1:09.5 | Oh, that's awesome. Yeah, my wife was born and raised in San Francisco and they moved out to the East Bay after |
| 1:15.3 | they had all their kids. Sweet, man. I'm glad to hear that. You got some family up this way. Maybe I'll |
| 1:19.7 | bump into them at some point. I'd say if I go work out at a gym in the East Bay, 24-Fitness or something, I probably have a 70 to 80% chance of some bigger |
| 1:27.6 | pockets fan recognizing me while I'm working out and coming to say hi. I can imagine that, yeah. |
| 1:32.3 | I'm still waiting for you to get on the mats with me. Oh, God. Let's just say you've tapped me |
... |
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