On this episode of the podcast, get ready to cringe and laugh as our host Camilla Jeffs shares her top 5 biggest mistakes as an investor. From bad deals to missed opportunities, Camilla holds nothing back as she recounts her most dramatic investment fails.
But don't worry, it's not all just for entertainment. Camilla's mistakes have taught her valuable lessons that she shares with listeners on how to avoid similar pitfalls.
So, if you want to learn from Camilla's missteps and have a good chuckle along the way, tune in to this episode! Who knows, you might even find comfort in knowing that even the most seasoned investors make mistakes.
Episode Timeline:
[00:51-5:31]
• The purpose of this episode
• Mistake #1: Buying in a wrong location
• Camilla and her husband's failed fix-and-flip
[5:32-9:10]
• Mistake #2: Not paying attention to taxes
• Why real estate is a great way to save on taxes
• Ways to defer taxes
[9:11-12:45]
• Mistake #3: Buying cheap properties
• Is buying cheap properties really low risk?
• Don't invest in cheap properties if you want higher net worth
[12:46-14:14]
• Mistake #4: Waiting to partner
• How group investing helps you invest more passively
[14:15-16:46]
• Mistake #5: Quitting
• Why Dave Ramsey's advice on debt does not work for real estate investors
• How Camilla lost a million dollars because of quitting
Episode Highlight:
"I don't want you to be so afraid of investing because you're afraid you're gonna make a mistake. I think, you just have to accept the fact that you are. You are going to make a mistake and it's gonna be okay." - Camilla Jeffs
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