
One Day or Day 1 Podcast with Nick Ricco
This Podcast is designed to help corporate professionals achieve financial security and learn about personal finance, real estate investing, wealth building, passive income opportunities, motivation, and mindset.
One Day or Day 1 Podcast with Nick Ricco
Episode 16: Lessons from a real estate investment mistake.
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Nick
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Season 1
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Episode 16
In this episode Nick shares lessons from a mistake he made buying real estate. In this episode he shares the lessons he learned from buying a property at the height of the market and putting less than 20% down. The lessons he shares are:
· The importance of knowing your numbers
· Not all loans are created equal
· A loss on paper is not the same as a real loss (but it still sucks!)
· Learn from your mistakes
· It is up to you to make the final decisions and to do your research