The Iced Coffee Hour “I Lost $700,000” – Why Mike Majlak Is Single, Won’t Buy Real Estate, & Can’t Leave California
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Jun 22, 2025 Mike Majlak, co-host of Impaulsive and a candid content creator, opens up about his staggering $700,000 loss in real estate and reflects on how it shaped his outlook on success. He discusses the challenges of modern dating in a tech-driven world, sharing humorous insights on dating dynamics. Additionally, Mike dives into the importance of networking and the frugality often seen among successful individuals, emphasizing the power of genuine connections in both personal and professional realms.
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Mike's $700K Real Estate Loss
- Mike Majlak lost $700,000 buying a house at the height of the LA market and had to sell quickly due to security concerns.
- The experience was costly but taught him harsh realities of the LA real estate and security landscape.
Homebreak Security Drills
- Have a strict security protocol and drills for home break-ins to mitigate panic and poor decision-making.
- Prepare safe spaces and practice firearm handling to respond calmly under pressure.
Financial Losses as Growth
- Mike views financial losses as part of the journey for creators, emphasizing gratitude for being able to take such hits.
- He equates losing money with losing work money taxed at over 50%, highlighting the high stakes in LA.