The Biggest Trap in Real Estate Investing - Episode 426

Crushing Debt Podcast

What is the biggest trap in real estate investing?

How can you avoid it?

What lessons can you take from what has happened to others in this scenario?

In this week's episode, Shawn tells the unfortunate story of clients of his, and what happened to them happens more often than you would think. Imagine buying property at the Courthouse Auction. You think you've bought your dream home and, not only that, but you bought it at a GREAT price! Then, all of the sudden, you learn that in order to keep this dream home or investment property, you need to pay MORE money to eliminate more liens and mortgages! How is this possible?

Shawn tells the unfortunate story of how an investment of about $400 would have saved his clients $180,000! What could these clients have done differently? What could each of the parties involved have done differently?

We have discussed these issues in previous episodes, including:

• Episode 73 - Surplus Funds and Associations; https://yesnerlawpodcast.libsyn.com/episode-73-surplus-funds-and-associations
• Episode 71 - Listener Questions; https://yesnerlawpodcast.libsyn.com/episode-71-listener-questions-answered

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CRUSHING20. Shawn has been using Magic Mind to crank out work in anticipating of being away on vacation for the next week, and it has helped focus and energy with no crash and no inability to get to sleep!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.

Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt

To contact George Curbelo, you can email him at [e-mail] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach

To contact Shawn Yesner, you can email him at [e-mail] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08