Join real estate investor Christopher Lane as he recounts his chilling journey through the pitfalls of property investment in Detroit. He shares jaw-dropping tales of betrayal by property managers, theft, and countless obstacles that put his resilience to the test. Lane emphasizes the importance of location and due diligence, revealing how his pursuit of cash flow led to unfortunate decisions. Listen for candid advice on what to avoid in investing and the hard-earned lessons that emerged from his harrowing experience.
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question_answer ANECDOTE
Property Nightmare Begins
Christopher Lane bought a duplex in Detroit for $70,000 aiming for cash flow.
He encountered theft, squatters, and severe damage shortly after purchase.
volunteer_activism ADVICE
Importance of Location
Location is paramount; bad locations bring continuous problems.
Avoid chasing cash flow blindly without thoroughly assessing the neighborhood.
question_answer ANECDOTE
Tenant Pitbull Disaster
Christopher's top-floor tenant didn't live there; the bottom unit housed six pit bulls causing damage.
He had to evict the non-paying 'tenant' and pay thousands for repairs and cleaning.
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If you’ve ever felt like you were embarrassed, stupid, alone, or a terrible RE investor, you can’t miss this show. A continuation of my Nightmare Deals series, today’s guest Christopher Lane made the simple mistake of buying in the wrong location-then experienced an unbelievable run of bad luck, betrayal, lies, theft, failed representation, lost money, and ever compounding problems that at one point appeared they might never end. This show will both open your eyes, shock your nervous system, and break your heart as you learn about ways investors can be taken advantage of by others-even those hired to protect and represent them. I see this every day, and want to bring the details to you in raw, complete transparency. From property managers who stole from him, representatives that lied to him, tenants that misled him, and one of the worst strings of a downward spiral you’ll hear, Christopher hung on, fought back, and survived to tell the tale and warn other investors what to watch out for. You’ve never heard the details of a story like this on a mainstream podcast, and you’ll walk away grateful knowing what to watch out for and aware of dangers you didn’t know existed with out of state or cash flowing properties. Stories like this are why I warn so many investors not to chase cash flow blindly, and after listening, I bet your perspective on these investments/areas will change tune. Get ready for raw, gripping, and REAL content in this story of betrayal, pain, and resurrection of one tough investor. Follow David: @DavidGreene DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: Help@DavidGreene24.com Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management STR@DavidGreene24.com
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