Shifting Gears - True Confessions of a Reborn Real Estate Investor

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Robertkiyosaki, Realestateinvestors, Realestateguys, Realestateinvesting, Syndication, Investors, Richdad, Realestateguysradio, Business, Investing, Realestate

4.7 • 696 Ratings

🗓️ 10 May 2010

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A candid conversation with one investor who is getting back on the road to real estate riches after the downturn wiped out much of his portfolio. We often say that a bend in the road isn’t the end of the road - unless you fail to make the turn! The real estate market made a sharp turn a couple of years ago. Lots of people failed to adjust and are no longer in the business. Many of those who are still on the path had to make adjustments. From Donald Trump to Walter Sanford to Robert Kiyosaki to Wayne Palmer, we never get tired of hearing the riches to rags to riches stories. Successful people are successful - even when they’re failing - because they know how to manage their fears, analyze their failures, get the lessons and take effective action to come back bigger and better than before. We decided to catch up with David Campbell, a former high school teacher turned real estate millionaire who lost nearly everything when the mortgage meltdown slammed property values. Now, he’s rebuilding - using the lessons from the hard times to build a much stronger and more stable portfolio. Tune in and find out how David manages his psychology in the face of setbacks, and how his approach to real estate investing has changed. David shares his new investment philosophy and reveals what property types and markets he’s having success with right now - and why. If you think winners never lose, then this show will show you that bad things can happen to good investors. But a good investor will shift gears and get back on track!

Transcript

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0:00.0	Welcome to the Real Estate Guys Radio Program. I'm your host, Robert Helms, when the world and the economy change. Do you change? Well, you need to, or it's not going to work. We're going to talk today about shifting gears mentally and then with your real estate strategy. And we've got a case study that's going to illustrate that today on the Real Estate Guys Radio Program.
0:23.1	Are you struggling to keep up with your mortgage payments?
0:28.0	Whether it's your home, vacation, or investment property, there are loan workout options available.
0:31.8	To help you sort through all the noise in the marketplace, the Real Estate Guys has written a free 18-page report called What You Must Know before attempting a Loan Workout.
0:36.9	In the special report, you'll discover
0:38.5	the single most important thing the lender looks for before agreeing to modify your loan. Plus,
0:43.4	you'll be able to weigh the pros and cons of hiring a professional versus doing it yourself,
0:47.6	and much, much more. All you need to do to get your copy is email your request to Workout
0:53.1	at Real Estate GuysRadio.com.
0:55.6	It's free. It's confidential. And it's yours when you send your request to Workout
1:00.3	at Real Estate Guys Radio.com. Hope is not a strategy. Start your own economic billout plan today.
1:06.8	Get the Real Estate Guys free report what you must know before attempting a loan workout. Email your request to Workout at Real Estate Guys free report, what you must know before attempting a loan workout.
1:11.5	Email your request to Workout at Real Estate Guys Radio.com.
1:22.1	Welcome to the Real Estate Guys Radio program.
1:24.4	I'm your host, Robert Helms.
1:25.6	Every week we talk real estate, and we are so excited
1:28.1	this week, and we'll tell you why. First, let's meet the guys in the co-host chair, our financial
1:31.3	strategist, Russell Greig. Hey, Robert. Hey there, and the man we call the godfather of real estate,
1:35.3	Mr. Bob Helms. Gentlemen, great to be here with you today. It's a couple of shows remote in the last couple of weeks. Last week,
1:44.4	Bob and I are at the fractional event in San Francisco. And for that, of course, our investor
1:48.3	Summit at Sea. And Ross and I just got back and we can hardly stand our seats from the gold versus
1:54.0	the U.S. Dollar event with the Rich Dad Organization. We spent the last three days here with Robert
	...

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