Chapter
Finding Diamonds in the Rough
32:15 - 35:53 (03:37)
The speaker shares how sometimes the best opportunities are hidden and require taking a chance, citing examples from real estate and auction businesses.
Clips
The guest reflects on some of the challenges faced while running an auction business with his co-founder, but emphasizes the importance of persevering through hard times.
32:15 - 33:45 (01:29)
Summary
The guest reflects on some of the challenges faced while running an auction business with his co-founder, but emphasizes the importance of persevering through hard times. Additionally, the guest highlights the impact of networking and taking the initiative to attend events and meet people in developing his career.
ChapterFinding Diamonds in the Rough
Episode#18 - The Big Business of Wacky Domains
PodcastMy First Million
A real estate purchase from 2004 is discussed, with the speaker estimating a cheap price of under $150,000 and the actual price being revealed to be $47,000.
33:45 - 34:06 (00:21)
Summary
A real estate purchase from 2004 is discussed, with the speaker estimating a cheap price of under $150,000 and the actual price being revealed to be $47,000.
ChapterFinding Diamonds in the Rough
Episode#18 - The Big Business of Wacky Domains
PodcastMy First Million
It's like, that's like one month of rent for somebody in San Francisco.
34:06 - 35:06 (00:59)
Summary
It's like, that's like one month of rent for somebody in San Francisco. And that's the whole house. The speaker bought a house to rent out. The speaker bought a three unit in Chicago and lived there here in San Francisco.
ChapterFinding Diamonds in the Rough
Episode#18 - The Big Business of Wacky Domains
PodcastMy First Million
The speaker discusses the challenges of finding a cash cow for real estate investing in the Bay Area where it is more of an appreciation game than a cash flow game.
35:06 - 35:53 (00:47)
Summary
The speaker discusses the challenges of finding a cash cow for real estate investing in the Bay Area where it is more of an appreciation game than a cash flow game. He emphasizes the importance of seeking out opportunities that may be hidden or overlooked.