Chapter
Investing in Real Estate for Profit
56:22 - 1:02:22 (06:00)
Arnold Schwarzenegger discusses the difference between spending money and investing in real estate, stating that the latter will increase in value over time. He shares his excitement for buying raw land and developing it into apartments, office buildings, or shopping malls, mentioning how he saved up $27,000 to buy a six-unit apartment building and eventually sold it to buy a 12-unit one.
Clips
Arnold Schwarzenegger talks about his real estate investment strategy which was to buy raw land and build an apartment building, office building or shopping mall by finding the right partners.
56:22 - 58:53 (02:31)
Summary
Arnold Schwarzenegger talks about his real estate investment strategy which was to buy raw land and build an apartment building, office building or shopping mall by finding the right partners. He saved up $27,000 to buy his first apartment building and received funding from Joe Wieder, the king of the bodybuilding empire.
ChapterInvesting in Real Estate for Profit
Episode#216: Arnold Schwarzenegger Part 2! Bodybuilding, Investing, and Online Battles
PodcastThe Tim Ferriss Show
Investing in real estate is different from spending money as it can appreciate in value over time.
58:53 - 1:02:22 (03:28)
Summary
Investing in real estate is different from spending money as it can appreciate in value over time. It is important to do research and find the right income property to invest in.