What I Wish I Knew Before Buying My First Property

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 23 January 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Real estate investing can change your life—but only if you do it the right way. Too many investors jump in blindly, thinking cash flow is just "rent minus mortgage" (big mistake!). In this episode of the Rich Dad Real Estate Show, I sit down with Mark McMahon, a seasoned investor and contractor with over 40 years of experience.

Mark shares his incredible journey—from losing everything in 2008 to building a real estate empire. We break down the harsh realities of investing, the biggest mistakes beginners make, and the key strategies that separate successful investors from those who burn out and quit.

Here’s what you’ll learn:
- The TRUTH about cash flow (it’s not what you think)
- Why most people fail at real estate investing
- How to build long-term wealth without making rookie mistakes
- The mindset shift you need to succeed

Transcript

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0:53.6	It's about keeping
0:54.4	everything secure. Welcome to the Rich Dad Real Estate show where we talk about the good news and
0:58.8	bad news of real estate, hosted by yours truly, Jaron Sustar. I'm here with Mark McMan, and I am
1:04.5	stoked to talk with Mark. Mark came on my personal podcast probably a year and a half ago, and his story was literally one of the most
1:13.1	inspirational. It's actually sad at one point, but it gets inspirational. And how to huge
1:18.1	impact on me? It was one of our listeners' favorite episodes. And I said, I got to have Mark
1:22.3	on the Rich Dad show to share his story, to share his experience. He's been a contractor for 41 years. He's been an
1:29.7	investor for 18 years, small business owner for 41 years. He's married. He's got three kids. Mark has
1:36.0	seen it all. And so I'm simple enough to say, I want to listen and learn from people who are
1:42.7	already where I want to get to and have been through
1:44.8	the fire. And Mark is a perfect example of that. So Mark, man, thank you so much for being on
1:48.9	the show today. Thanks, Sharon, man. It's good to see you again. And to see you. By the way,
1:54.2	just want you to know, I've got several of these cups, but this is my favorite. Oh, I love it.
2:00.6	He's repping, he's reping my brand's coffee cup,
	...

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