JF1036: Using Other People’s Money to Buy Properties

<p><span style="font-weight: 400;">Vish wanted to purchase a 72 unit apartment complex but didn’t have enough of his own money for the down payment.  Luckily he had a couple friends with more money than he had, who were willing to put up the rest of the money to purchase the property.  They thought they had a great purchase, and he went on to build a $55,000,000 portfolio.  Unfortunately, the entire portfolio had to be foreclosed on, Vish is nice enough to share with us his mistakes in hopes that we can learn from them.</span></p> <p> </p> <p><span style="font-weight: 400;">Best Ever Tweet:</span></p> <p><span style="font-weight: 400;">Real Estate is not about money, it’s about personal connections.</span></p> <p> </p> <p><span style="font-weight: 400;">Vish Iyer Real Estate Background:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Real estate investor, entrepreneur, and Hollywood Actor</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Owned over 200 properties and built and lost $55 million dollar portfolio in 3 years</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Started his real estate career with a 72 unit building, and is an active buyer in India</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Best selling author of the book Yoga and Love</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Based in Los Angeles, California</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Say hi to him at</span> <a href= "http://www.yogaandlove.com"><span style= "font-weight: 400;">www.yogaandlove.com</span></a></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Best Ever Book: Autobiography of a Yogi</span></li> </ul> <p> </p> <p> <strong>Made Possible Because of Our Best Ever Sponsors:</strong></p> <p><strong>Are you an investor who is tired of self-managing? Save time, increase productivity, lower your stress and LET THE LANDLORD HELPER DO THE WORK FOR Y