My unfortunate situation

[Joe Carter]

I just ran into some unfortunate times in my investing career. I recently attempted a rehab and flip project and had to sell it for a loss before completion due to the two family home that I live in as well the tenant was backed up on rent ended up owing me $15,000. I did not have the cash flow to continue the flip. I was forced to sell the flip for a $50,000 loss.

One thing I just read in Brandon Turners book about the mentorship I unfortunately got stuck in. I ended up eating the beat and got sucked into $80,000 worth of mentorship through Will To Win. Four months in the company went bankrupt and I lost my full investment.

I am currently living in the two family home still with vacancy currently upstairs. I am also now moving down the road of a bankruptcy to get rid of the $80,000 in credit card debt I have.

Listening to Brandon turners book and hearing the strategies I am definitely motivated to do the four Plex purchase first and within eight years move up to approximately 75 units. Like I said I currently am living in New Jersey but Bill will be moving with my girlfriend in the next 3 to 6 months to Wichita Kansas. Purchase prices are much lower there. But looking even in center of the country states hard to replicate a four Plex for $100,000.

I also feel that the two family investment I acquired with using your skills and suggestions may be a bad investment as well. Now thinking about unloading it when I move to Kansas and starting completely from scratch.

[Brian Zaug]

So you lost 80k in mentorship, 50k in a bad flip, and your tenant is behind rent 15K.  I'd say at this point, take whatever money you have left and invest in airline stocks.