08/05/2024 11:46am

Navigating Bankruptcy During the 2008 Financial Crisis to Real Estate Success

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Frank Contreras, a residential remodeling contractor and real estate investor in the new episode of the Hybrid Real Estate Professional Podcast.

Starting his real estate investment journey in 2007,...

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In this episode

Frank Contreras, a residential remodeling contractor and real estate investor in the new episode of the Hybrid Real Estate Professional Podcast.

Starting his real estate investment journey in 2007, Frank faced significant challenges, including bankruptcy during the 2010 financial crisis. His return to real estate in 2019 marked a pivotal change, focusing on education, community support, and strategic investing, leading him to successfully manage five long-distance rental properties.

Chapters

00:00 Introduction
01:35 The Turning Point: 2019
02:01 Frank's YouTube Channel: Old Guy REI
02:45 Frank's Background and Early Challenges
04:09 Rebuilding After Bankruptcy
04:47 The Importance of Education and Community
05:46 Investing in Turnkey Properties
11:40 Patience and Discipline
13:40 Career Skills Applied to Real Estate
14:48 Building a Team and Communication
17:10 Remote Real Estate Academy
24:06 Value of Cash Flow and Reserves
36:16 Advice for Older Investors
39:23 Importance of Community and Mentorship
42:27 Closing Thoughts

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Instagram: https://www.instagram.com/oldguyrei

X (Twitter): https://twitter.com/OldGuyREI

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