Fancy Pants Foreclosure Investor Loses $82,000

Posted on March 1, 2009
Filed Under foreclosure investing |

St. Louis short sale investor Shaun McCloskey tells of a recent investment eal in which he lost a heartbreaking $82,000 — and the lessons he learned from it.

Duration : 0:9:55


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Comments

9 Responses to “Fancy Pants Foreclosure Investor Loses $82,000”

  1. rynoskin on March 1st, 2009 12:13 am

    I’m curious how you …
    I’m curious how you were able to recover from such a huge mistake? Could you tell us a little about the deal you did immediately after this one? What was your next step? I mean how were you financially able to go buy something else while having such a huge loan on the first one and losing $500 every month on it?

  2. arytonjames on March 1st, 2009 12:13 am

    whatever……crook.
    whatever……crook.

  3. hucky22 on March 1st, 2009 12:13 am

    LOL U can say that …
    LOL U can say that again.

  4. DontPanic6X7 on March 1st, 2009 12:13 am

    Thanks for the …
    Thanks for the useful info.
    I am looking into REI…don’t need a “no money”
    scheme or to get rich overnight. Flipping=scary.
    - Where do I learn nuts/bolts of basic
    rental prop. purchasing/pricing/rent setting guidelines???, Thanks

  5. krusier11 on March 1st, 2009 12:13 am

    That is an awesome …
    That is an awesome story. What does education cost these days? For most, nothing except a life/career of following the boss’ orders, while needing to get that raise after raise…hoping and praying that the money manager handling your 401k was smarter than you. Thank you so much for this video and all the rest. I subscribed a while ago and love every minute of it. THANK YOU!!!

  6. kvmairforce on March 1st, 2009 12:13 am

    I’m thinking about …
    I’m thinking about starting in real estate. I’m glad you posted this, I learn more from people’s mistakes than people’s successes. I’ll start low.

  7. stacks33 on March 1st, 2009 12:13 am

    My Simple formula …
    My Simple formula would have prevented that! Great seminar cost! $82,000! WOW!!!

  8. Ju5tClever on March 1st, 2009 12:13 am

    Thanks for the video
    Thanks for the video

  9. arytonjames on March 1st, 2009 12:13 am

    idiot
    idiot

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