JF1036: Using Other People’s Money to Buy Properties

Vish wanted to purchase a 72 unit apartment complex but didn’t have enough of his own money for the down payment. Luckily he had a couple friends with more money than he had, who were willing to put up the rest of the money to purchase the property. They thought they had a great purchase, and he went on to build a $55,000,000 portfolio. Unfortunately, the entire portfolio had to be foreclosed on, Vish is nice enough to share with us his mistakes in hopes that we can learn from them. Best Ever Tweet: Real Estate is not about money, it’s about personal connections. Vish Iyer Real Estate Background: Real estate investor, entrepreneur, and Hollywood Actor Owned over 200 properties and built and lost $55 million dollar portfolio in 3 years Started his real estate career with a 72 unit building, and is an active buyer in India Best selling author of the book Yoga and Love Based in Los Angeles, California Say hi to him at www.yogaandlove.com Best Ever Book: Autobiography of a Yogi Made Possible Because of Our Best Ever Sponsors: Are you an investor who is tired of self-managing? Save time, increase productivity, lower your stress and LET THE LANDLORD HELPER DO THE WORK FOR YOU! Schedule Your FREE TRIAL SESSION with Linda at Secure Pay One THE Landlord Helper today. Go to mylandlordhelper.com/joe to schedule your free session. Subscribe in iTunes and Stitcher so you don’t miss an episode! https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg Learn more about your ad choices. Visit megaphone.fm/adchoices