Episode 138: How We Lost $22k on Our First Real Estate Investment - SUMMER REWIND

This episode originally aired in April of 2023 and we are beyond happy to announce that we have purchased a slam dunk investment property since this episode was released. Tune in to season 4 to hear all about the process. Season 4 officially launches on August 30th! Today's episode is a summary of our first real estate investment journey, which was a bit of a belly flop! We sat on a vacant home for 15 months and poured dollar after dollar into it before making the decision to turn around and sell it without ever having renters. We share the real numbers and what our next steps are. Investing in real estate can be overwhelming and difficult, so we want to be as transparent as possible for others out there. Happy listening!   In this episode, we chat about: The sunk costs with our first investment property Selling and walking away Next steps in our real estate investing journey   MENTIONED IN THIS EPISODE: Episode 97: The Reality Behind Real Estate Investing + Why It's Not for Everyone Episode 78: Long Distance Real Estate Investing Tom Brickman, AKA The Frugal Gay    ABOUT PRICE OF AVOCADO TOAST: Listen in with Haley and Justin Brown-Woods, married millennials picking up the pieces from the financial fiasco they created as a young couple.  They want to normalize conversations about money and learn from others on the path towards financial freedom. Whether you are just getting started on your debt-free journey, or if you are really starting to hit your stride, this podcast is for YOU!  Join weekly as they interview some others who have done it the right way, the wrong way, and every way in between. Avocado toast may cost a pretty penny, but that doesn't mean it can't be in your budget! FIND HALEY AND JUSTIN ONLINE + SOCIAL MEDIA HERE: Price of Avocado Toast Instagram Price of Avocado Toast Twitter Price of Avocado Toast on TikTok Price of Avocado Toast Facebook Join the Price of Avocado Toast Newsletter OTHER LINKS: Apply for 1:1 Coaching With Haley & Justin Join Everything but the Bagel, our exclusive membership community   RECOGNITION: Audio engineer: Garrett Davis Podcast Support: Weir Digital Marketing