ilmscore | Prediction Details
"The worst real estate investment deal that I've ever done and it's still the only deal that I've ever lost money on was a property that I purchased because my EXC contractor told me that it was a great deal and I purchased it based off of his words not my own research I did this deal about a decade ago it was my third real estate investment deal and my contractor told me that this property in Detroit was going to be a great deal that we could renovate this property for about $5,000 to $5,500 and then I could either flip it for profit or rent it out and make a lot of money every single month"
By Minority Mindset | July 14, 2024 | Pending
From video
Investing Mistakes That Will Cost You Thousands - Don't Do These 7 Things 00:00:32 - 00:01:01
Interpreted Prediction
The speaker recounts a past real estate investment that resulted in a loss due to trusting a contractor's advice without independent research. The contractor suggested a property in Detroit could be renovated for $5,000-$5,500 and then flipped or rented for profit.

Prediction Details

Topic
Real Estate Investment

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