Fancy Pants Investor Loses $82,000 (Video)
Last week I had the pleasure of getting some face time with my bro Shaun McCloskey amid around 30 other friendly faces at Steve’s Yucky House bootcamp in Baltimore
(No, he’s not literally my brother…but definitely my “bro”)
If you’ve been around the Flipping Homes community long, you likely know him as a “Short Sale Sherpa” hailing from St. Louis who averages 3 to 5 CLOSED short sale deals a month, with around $10-$15k profit in each of them. Also the instructor extraordinaire for the short sale intensive.
And up until last week, one of the proudest claims he could make was that he had NEVER lost money on a real estate deal…until now.
Last week Mr. Fancy Pants watched $82,000 flush down the toilet.
It wasn’t all bad — he did after all get a very bothersome monkey off his back by selling this particular house (which happens to be the FIRST deal he ever bought, like 5 years ago).
But still…EIGHTY TWO GRAND! OUCH!
So after the last session on day two, I whipped my little flipcam out of my cargo pants pocket and asked him to share a bit of the story, along with any lessons he’s taking away.
Oh, and I added a few sounds effects just to make it …sound effecty.
Enjoy! 
Ps… At the end of the video, I tell you about a gaggle of FREE educational content we’ve got coming at you for the month of April (starting this week). Listen for the details right after Shaun’s story.
Any comments on Shaun’s story? Thoughts to share?
Spill ‘em below…
Technorati: foreclosure investing, short sales, real estate investing