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4min chapter
#361: Peaks and Valleys of Entrepreneurship: How the Reilly Brothers Sold $250M Worth of Real Estate, Went Broke, and then Sold $75M Worth of Golf Carts in 45 Days
Intentional Growth
The Impact of Negative Cashflow on the Economy
"We had like, on said, I don't know, 50 to 60% equity in the properties started. And we ended up underwater 160 properties," he says. "Some of these neighborhoods, a lot of the neighborhoods that we bought were hit 75% just well." He adds: "It's so easy to see in retrospect how fragile the system was"
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