Real Estate Investing with Coach Carson #426: How to Recover From a Bad Real Estate Deal
Jul 11, 2025
Discover how to bounce back from poor real estate investments through practical advice and personal stories. This discussion dives into the importance of acceptance and proactivity when facing financial setbacks. Learn strategies for minimizing losses and the value of turning failures into opportunities. Hear about vital lessons from other investors and the significance of community support in navigating tough times. It's all about learning, resilience, and sharing your investing horror stories!
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Contractor Scam Loss Story
- One investor couple gave $15-20k upfront to a contractor who then abandoned the job without doing any work.
- They were left with a half-finished fixer-upper and facing financial losses on the deal.
Costly Structural Issues Discovered
- Another investor found major structural issues during inspection that doubled the expected remodeling costs.
- The potential $150,000 remodel escalated to $300,000-$350,000, threatening financial loss.
Accept Reality To Move On
- Accept the reality of your losses instead of dwelling on past mistakes.
- This acceptance is the first step to moving forward after a bad real estate deal.
