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We\\u2019re at Part 4 in my backstory of how I got started in this business of real estate investing, and this is\\u2014believe me\\u2014the lowest, darkest time. It\\u2019s stressful to even remember it now. If you haven\\u2019t done so already, please go back and listen to the first 3 episodes so this one will make sense.

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To review just a bit, I owned 14 (or so) houses when the crash hit; and every one of them had been purchased wrong. I had subject to purchases, some with bank mortgages, and some with private lenders involved.

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I can say that I never caused a 30-day late payment to show up on the credit reports of my subject to properties Many were late, but not that late. I was faced with a serious lack of cash flow. I sometimes missed my own mortgage payments to pay on these properties.

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In desperation, I accepted anyone as a tenant, never checking their background. In a few months of not paying, they\\u2019d leave or I\\u2019d have to evict. And, of course, they\\u2019d trash the place on their way out.

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Ever experience a panic attack?

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You may wonder why I didn\\u2019t just wholesale a few houses and get some quick cash. I explain my mindset in that area. Then I talk about how that entire mindset changed.

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This part of my story is truly the \\u201cwatershed\\u201d moment.

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