[430] What to Do When You Lose $100k on a Deal

What should you do when you lose $100,000 on a real estate deal?I’m kicking off a new series on the 7 Figure Flipping Podcast where I’m interviewing successful real estate investors and asking them what they wish they had known back when they were getting started in this business.Today I’m hanging out with my friend Arthur Botting.Arthur and his wife Jennifer flip about 12 houses per year and do some wholesaling too.But a few years back, as a new investor, Arthur found himself wrapped up in deal gone wrong with a deadbeat business partner and a huge loss incoming.So what did he do?And how did he get from there to here?This is what we’re unpacking in today’s episode…Listen in now!Early-Bird Tickets to Flip Hacking LIVE 2021 Available NOW! (Price is Going Up In a Few Days)...Failure is how we learn.But the best thing is to learn from OTHER people’s failures.Sharing lessons about what we’ve done wrong and what’s working now is the whole idea behind Flip Hacking LIVE, the 3-day event we hold once a year in October.This year it’s happening October 14-16 in Orlando, FL.And yes, we’re going to be IN-PERSON!Early-bird registration is officially open, and tickets are just $297.But the price is GOING UP on Friday.Sign up now!CLICK HERE to Get a Spot at Flip Hacking LIVE 2021 >>Catch you on the flip side!Links and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comWant to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.