The term “real estate business owner,” is heavily associated with being rich and owning a lot of luxury cars. The media, particularly social media, has a way of exclusively showing the perks of being a successful real estate investor, but what a lot of people don’t realize is there are a lot of uglies happening behind the scenes. It’s not always rainbows and butterflies, as the song goes, and it’s no different in this industry.

Today, Don and Ryan discuss some of the worst things that could be said about this industry from the perspective of a business owner. They share their recent setbacks, how they happened, why they happened, and how they resolved them. They also explain why these setbacks are normal and how investors should confront them.  

“It’s not systemizing the business that’s challenging. It’s the controlling the human variable the system depends on.” – Ryan Scialabba 

This Week on FlipTalk’s Rookie Play Book:

  • Discussing the ugly side to real estate investing.
  • What they really hate about the property business.
  • The worst days in their entire careers.
  • The reason why Don went to court today and how it was resolved.
  • Why you should be happy with some of the problems you deal with.

Send in the questions you want to be answered on the Rookie Playbook to be rewarded with a $100 Amazon Gift Card!

Rate, Review, Learn and Share

Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don’t forget to tune into our other shows: FlipTalk’s Rookie PlayBook and FlipTalk’s REI Round Table. Share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.