Tony’s Real Estate Investment Gone Wrong ($29k LOSS)

A bad real estate investment can cause rookie investors to abandon all hope of building wealth through real estate. But, Tony Robinson isn’t your everyday investor. Tony bought a deal that on paper looked phenomenal, but once he and his partner decided to exit, they found it increasingly difficult to sell the property. While this wasn’t Tony’s first (or best) deal, it did provide him with a strong foundation of knowledge to pursue bigger and better real estate investments.

Every week, Ashley and Tony reply to a frequently asked question from the BiggerPockets community. But, this week, they’ve decided to finally answer the most asked question yet: what happened with Tony’s Shreveport deal? If you’re an avid Rookie Reply listener, you’ve probably heard Tony talk about one property that he has been trying to sell for over a year. Well, it’s finally sold, and Tony’s here to share all the details, mistakes, and numbers so you can do better on your next deal.

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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6 Signs You’re Buying a Bad Deal:

6 Signs You’re Buying a Bad Deal

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2 Critical Steps You Can’t Afford to Screw Up in Real Estate:

Real Estate Due Diligence: 2 Critical Steps You Can’t Afford to Screw Up

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How to Gauge Your Property’s Flood Risk by Using Free Flood Maps:

How to Gauge Your Property’s Flood Risk by Using Free Flood Maps [Video!]

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Connect with Tony and Ashley on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley or Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode 176

Show notes at: https://www.biggerpockets.com/blog/rookie-176?utm_source=youtube&utm_medium=description&utm_campaign=none