I Just Lost $25,000 So YOU Don’t Have to (My Worst Real Estate Deal)

Episode #675 Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! https://www.baselane.com/lp/bigger-pockets/?utm_source=bigger_pockets&utm_campaign=bigger_pockets&utm_medium=YT-M *Ashley just did her worst real estate deal. Ever.* We always talk about the *good real estate deals,* but what about the _bad_ deals? The rental properties with the nightmare rehabs or the messy evictions? The truth is that the lessons learned from these blunders often propel us toward *bigger and better deals.* Welcome back to the _Real Estate Rookie_ podcast! Today, we’re going over one of Ashley’s recent deals, where *she lost over $25,000.* But it _could_ have been even worse. As you’re about to hear, she bit off a little more than she could chew, tackling a new investing strategy with a much more difficult renovation than she signed up for. Ashley shares what went wrong while analyzing the property, the huge mistake she made during the due diligence phase, and how a little indecision *snowballed into thousands in holding costs.* But _most_ importantly, you’ll learn what Ashley’s taking away from this painful experience so that her next deal is much better for it! Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media 🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: https://biggerpockets.com/bpcon2026 Buy Your First (Good) Deal with Ashley’s Book, _Real Estate Rookie_ : https://store.biggerpockets.com/products/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch What’s a “Good” Deal in Real Estate? 5 Criteria to Consider: https://www.biggerpockets.com/blog/definition-good-deal-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 01:26 What Makes a “Bad” Deal? 06:27 Ashley’s Worst Deal 12:15 What Went Wrong? 20:28 Money-Saving Rookie Tips 28:13 Taking a $25K Loss! 33:00 Avoid THESE Mistakes 41:23 Keep Moving Forward!