JF1036: Using Other People’s Money to Buy Properties

Vish wanted to purchase a 72 unit apartment complex but didn’t have enough of his own money for the down payment.  Luckily he had a couple friends with more money than he had, who were willing to put up the rest of the money to purchase the property.  They thought they had a great purchase, and he went on to build a $55,000,000 portfolio.  Unfortunately, the entire portfolio had to be foreclosed on, Vish is nice enough to share with us his mistakes in hopes that we can learn from them.

 

Best Ever Tweet:

Real Estate is not about money, it’s about personal connections.

 

Vish Iyer Real Estate Background:

• Real estate investor, entrepreneur, and Hollywood Actor
• Owned over 200 properties and built and lost $55 million dollar portfolio in 3 years
• Started his real estate career with a 72 unit building, and is an active buyer in India
• Best selling author of the book Yoga and Love
• Based in Los Angeles, California
• Say hi to him at www.yogaandlove.com
• Best Ever Book: Autobiography of a Yogi

 

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