A first-person monologue (YouTube talk) reflecting on personal failures in real estate investing. The speaker emphasizes repeated failures, learning through mistakes, and a key lesson: over-leverage and lack of liquidity when buying and rolling into new properties led to financial danger.
I feel like I've had a lot more failures than success. I have failed. I continue to fail constantly. But you got to embrace it. It's the guy that takes the shots in sports. Everybody sees him misses, right? But like, and then when you get a Michael Jordan, everybody remembers all those shots that he made, but nobody remembers all the shots that he missed, which was a lot more than the shots that he made in crucial situations. And I was young and learning about, you know, banking and the banking system and the global monetary system and in real estate, that's. I loved real estate too. And so I didn't hold a lot of cash. And I was always trying to buy property and then roll cash into the next one. And kind of like now that I look back, I mean, if I was older, like myself, now looking at that younger person, I'm like, what are you doing? You're bound to get your hand burned here on the stove. You're playing with fire. And the reason I played with fire was I was so over leveraged in the sense that I didn't have liquidity and then that is when disaster strikes.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
