Ripped Off By First RE Mentor In Rolls-Royce - Episode 23

The David Greene Show

David Greene

Entrepreneurship, Business

5 • 653 Ratings

🗓️ 5 December 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Nightmare Deals episode of Real Talk Real Estate, Janelle and Don Carlson open up about the first two deals they bought to start their investing career-and how they lost money in both. Janelle shares how she invested in a deal her personal mentor and RE broker put together, trusting him to look out for her and take care of her, only to find he outright stole her entire investment, sold the house, and never paid her a dime-all while driving a rolls royce, wearing a rolex, and flying in a private jet. Janelle shares the signs she ignored when she first met the scammer, how she could have protected herself, and what she told him when she saw him years later at an NBA game with a new date! Don and Janelle also share the story of two triplexes they bought for a total of $20,00 and how they somehow still lost money on this deal, explaining all the structural, location, and rehab related expenses they never saw coming. This show reveals how not all RE is glitter and gold, and signs you can recognize to make sure it doesn’t happen to you in this Nightmare Deals edition of RTRE. 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] Investor Retreat DavidGreene24.com/retreat

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.
0:07.0	I'm David Green, and I've been doing this for over 10 years. I've seen the ups, the downs, and everything in between.
0:13.0	This is the show where we pull back the curtain and show it to you too.
0:16.0	So if you want to build wealth through real estate or you just love learning about it, you found your home.
0:30.0	Welcome everybody to the David Green Show, Real Talk, Real Estate, the show where we pull back the curtain and reveal exactly what goes on in the world of real estate and business.
0:34.2	So if you're a real estate investor, you're going to love it. And if you've ever just wondered,
0:37.2	what's it like to be full-time in real estate, to be a real estate agent, to be a loan
0:40.6	officer, to be a house flipper, a short term rental operator, a buy and hold investor, whatever it is.
0:44.9	This is a show where you get to see a full view into what goes on behind the scenes. Not what you TV. I'm joined today by Dawn and Janelle Carlson, who are here to talk about their first two
0:55.6	deals they did and how terrible they went. Thank you guys for being on. Most people only want to come on
1:00.8	shows and talk about their big wins and their six figure profits with no work. You guys are here
1:06.0	to talk about the real deal. So thank you. Yes, thanks for having us. Excited to talk about this and
1:10.7	show the real side of real estate, right, that no one talks about like you mentioned. So thank you. Yes, thanks for having us. excited to talk about this and show the
1:11.3	real side of real estate, right, that no one talks about like you mentioned. And that's what we like
1:15.6	to focus on, even on our social media, is just the real side of real estate. Absolutely. We've been
1:19.5	kicked in the teeth so many times. We have ventures, man. It's rough in them streets.
1:23.6	We look like hockey players at this point. That's how you know that you have a good hockey player when they don't have teeth.
1:28.5	And it's the same way that you know you have a good real estate investor.
1:31.2	They're not walking around super excited about everything.
1:33.7	There is a healthy amount of skepticism from all the times they've been kicked.
1:37.4	So let's get right into it.
1:38.3	Tell me about this very first deal.
	...

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