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776: $42K/Month in Cash Flow By Buying a…High School? w/Jesse Wig

BiggerPockets Real Estate Podcast

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How I Lost $60,000 on a House Renovation

"I honestly had no money at all," he says. "When I needed to pay interest payments or property tax on the home, I was borrowing money from my friends." The house didn't sell for about a year and a half later after it was finished. After paying off an investor who loaned him $43,000 in losses, Michael went back to working full-time as a real estate agent.

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