How This Investor Got Burned Buying an A Class Rental Property


How This Investor Got Burned Buying an A Class Property

I like to say that all successful real estate investors have experienced failure at some point, and that’s certainly true in our family. Earlier this week, we shared my real estate mistakes and failures. Today we’re bringing you part two of our story—Natali’s background, and the roadblocks she’s faced on the road to financial freedom.

In this video, Natali is taking us back to her childhood and early career. She’ll explain her family’s background in real estate investing, and the mistakes she made with her first rental property. We’ll talk about the complications that arise from A class rentals, and the importance of investing in landlord friendly states.

You’ll learn Natali’s family’s history in real estate, and why her first investment was unsuccessful. We’ll talk about the importance of investing for cash flow, and why investing in tenant friendly states can be dangerous. We’ll talk about the importance of working with a property management team, and more. Don’t miss part two of our story!

Show notes: http://morrisinvest.com/episode259

Should You Buy a Rental Property with an HOA?: https://goo.gl/R61zBU

5 Most Landlord Friendly States: https://goo.gl/huxwkj

BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj

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15 Responses to How This Investor Got Burned Buying an A Class Rental Property

  1. Green Mountain

    The problem that you didn't touch on is the "dilution" of the property due to all the children and grand children that have their share of that same property not to mention disagreements between them (or divorce) . how do you handle that? tnkx

  2. linh3203

    $2300/mo mortg&hoa…on a $37k income?

  3. BISKIT Garcia

    Interesting story, imagine if grandma had properties across the bay in Menlo Park or Atherton? East bay is similar to NJ prices.

  4. Evelyn B

    Nathalie – we love the details of the bodega… I can't wait to hear the next episode… I have that class a property in Brooklyn NY

  5. Lisa Wascher

    I was considering a couple of 4 unit apartment complexes. It seems like that would be comparable to owning 4 class B or C, just in one place. Right now my issue is too much debt from being a single mom with a kid in college so my credit is not great, salary is good enough to qualify, but can't get financing or qualify for HELOC with what I do own.

  6. Cesska STO

    One of my coworkers just bought a rental property in the most expensive neighborhood in Seattle – the down payment was nearly $200,000. I'm not Del Walmsley, but that seems like an unbelievably stupid investment. They could have bought 10 houses with that money or an apartment building.

  7. Adriane C

    I have a rough plan for 50 houses in 50 days- well it's pretty detailed. However when I'm analyzing leverage as we build value and cash year to year I want to optimize the number we acquire each year. Year one goal is 2 homes-then ramps up but what are both your thoughts or ideal number to purchase each year from year 1 to year 5. Our goal is $40k/month by end of year 5. At year 10 our goal is 200 homes.

  8. N T

    Loving your channel!! I've learned so much. Passive Income rocks!! You used to have soothing background music in some of your earlier videos… Please add it back, it was so calming to listen to while learning from your experience. 😉

  9. Mahesh Varma

    Yes, I can tell he is having fun…. at your expense. Poor Natali.
    Thank you both for your sharing your experiences.
    What is the title of the first part ?

  10. Jimmy Neyhart

    Thank you, Clayton and Natali! So appreciate your willingness to share what you've learned. Working toward financial independence for my family and it's encouraging to see your example! Keep up the great work, friends.

  11. KidCity Lynnwood

    Thank you for sharing your mistakes so we don't have to make them!

  12. LOKHighest

    Can u make a video on an LLC Holding company? And break down how to use it effectively; how to report to it, tax benefits, etc??? Thank U Much…..

  13. Ed die

    All I keep thinking about is HOW are all those files behind Natali being organized lol. Separate video?

  14. L.T. Metters Jr

    Great shares. I work in this area Dublin-Pleasanton-Silicon Valley and your stories truly resonate. I need to work with you guys asap. 👊🏾

  15. COLDASALASKA ONAHOE

    Lol!! Let's go back to the failures.These stories were great and unpeeled the essence of who you guys are. Thank you for sharing.