A short YouTube video clip by Steve D Valentine offering real-estate and business advice drawn from personal and family experience. He warns against overreaching when capital is available, emphasizes being methodical in deals, and recounts his father's experience losing management of 500 homes after failing to secure agreements in writing — a caution about trusting parties who give verbal promises.
Chapters
So I look at that luxury thing, and I'm like, God, I don't want to repeat this again. So what did I do wrong, right? Part of that was just access to too much money. Just because you can doesn't mean you should. And so now, like, everything that I'm learning now applying in this market is like, all right, I need to be very, very methodical in what I'm doing and how I'm doing it with you guys. And those are just lessons that I learned from. My dad was just like, shit. He took on some of the biggest investors in Phoenix and imagine this, right? I mean, granted, back then, the houses were like 20, 30, 40 grand that he was buying at auction, but the most he was making was two grand a pop. And the guy prom that his retirement would be when he sold those 500 homes for him. None of that was in writing. So when my dad died a month later, that dude did this, pulled all 500 properties from the management company, and he bailed. But what I learned from that was so critical at that time was like, we get in bed with some of these people that give us a song and dance, and we don't put things in writing, and they truly are not on our side, and they will screw you in a heartbeat. So.