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ACIS Episode 5: A Carwash, A Meth Palace, and Things We Are Sick of Seeing On The Internet
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.The episode provides a vivid account of buying a 'meth palace', a chaotic deal involving a trailer, a ‘meth fortress', a concerned neighbor, a reluctant tenant, and a frail elderly lady. This bizarre saga serves as a stark example of the unpredictable challenges that they encounter in the investing world. The hosts also provide indispensable nuggets of wisdom and insights on landlord-friendly laws and eviction preventions.
Additionally, this podcast episode takes listeners behind the scenes of a real estate market. The hosts debunk exaggerated claims made in the industry, and provide real examples and experiences to assure listeners that not all that shines is gold. The episode also discusses perceptions, claims, and ground realities, giving listeners valuable insights into buying, selling, and flipping properties.
A specific highlight is the segment where the hosts explore the reality of the rise of online real estate gurus. They discuss the disparity between online claims and actual experience, the damage it does to the industry, and even advice on how to identify reliable mentors and coaches. Despite the pitfalls, the hosts emphasize that there are still many reputable operators out there, and the key to finding them is investing time in research and making mindful connections.
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