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Rod Khleif lost everything in the market crash in 2008; $50 million in real estate.
He lost the beach-front mansion, his Mercedes… all the stuff that ultimately doesn’t matter, but that is quite painful to lose.
He had made the mistake of buying single family homes to hold long term and cross collateralize them with his multifamily properties. The multifamily properties did fine, but the single-family homes pulled his entire portfolio down.
But the opportunity in the crisis was key lessons learned. Rod joins Adam to share some of these key lessons.
Tune in and listen to how one man lost it all, but built it back up.