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b'In this episode, Jake Harris talks about investing in distressed real estate. He digs into principles he uses to identify distressed real estate opportunities, and mistakes that new distressed real estate investors make. Jake shares his experience as an investor and how we can learn from his experience to be a better and informed investor.\\n\\xa0\\n\\xa0\\n[00:01 - 07:52] Distressed Real Estate Opportunities\\nJake shares about his background and how he got into real estate\\nWhen investing in distressed real estate, there are many pitfalls to consider\\xa0\\nNew investors in\\xa0distressed real estate should prepare for things before they happen\\xa0\\n\\xa0\\n[07:53 - 23:37] Catching Knives and Learning from Mistakes\\nDo your homework and research to understand the value of an asset\\nIt\'s a team sport; assemble your "dream team" of people with different skillsets\\xa0\\nUnderstand fundamentals of the market and consumer confidence\\n\\xa0\\n[23:38 - 32:23] Avoiding Mistakes and Utilizing Due Diligence\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\nCash flowing assets are a good way to mitigate any market correction or dip in the future\\nLow interest rate debt can be an asset\\nWhen investing in distress real estate always do\\xa0due diligence\\n\\xa0\\n[32:23 - 39:35] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0Learn more about Personal Capital at escapingwallstreet.com\\xa0\\nWhat is the best investment you\'ve ever made other than your education?\\nPeople who help him in his business\\nJake Harris\\u2019s worst investments\\xa0\\nLimiting beliefs\\xa0\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\nembracing your unlimited nature\\n\\xa0\\n\\xa0\\nConnect with Jake Harris:\\nWebsite: https://www.catchknives.com/\\n\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through\\xa0https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to\\xa0www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cEmbrace your unlimited nature and you can do impossible things.\\u201d - Jake Harris'