Arnold Schwarzenegger
๐ค SpeakerAppearances Over Time
Podcast Appearances
You got to buy apartment building because that gives you money and you can then pay it off with the rent that the people are paying and the value goes up much more than the house and blah, blah, blah. And so then they got a real estate agent that all of them used, which was a Lebanese woman. Olga was her name. And she was like this little. It was like Danny DeVito height.
You got to buy apartment building because that gives you money and you can then pay it off with the rent that the people are paying and the value goes up much more than the house and blah, blah, blah. And so then they got a real estate agent that all of them used, which was a Lebanese woman. Olga was her name. And she was like this little. It was like Danny DeVito height.
And she also was an immigrant. So I think that she knew that we were hardworking and that we wanted to invest our money and we wanted to make our money $1 turn into $2. And so she helped us find those apartment buildings. They were available. So she found me one that cost $240,000. Wow. And so I had $27,000 to put down. Then he did $37,000 down. So Joe Weider gave me $10,000 for the third deed.
And she also was an immigrant. So I think that she knew that we were hardworking and that we wanted to invest our money and we wanted to make our money $1 turn into $2. And so she helped us find those apartment buildings. They were available. So she found me one that cost $240,000. Wow. And so I had $27,000 to put down. Then he did $37,000 down. So Joe Weider gave me $10,000 for the third deed.
And she also was an immigrant. So I think that she knew that we were hardworking and that we wanted to invest our money and we wanted to make our money $1 turn into $2. And so she helped us find those apartment buildings. They were available. So she found me one that cost $240,000. Wow. And so I had $27,000 to put down. Then he did $37,000 down. So Joe Weider gave me $10,000 for the third deed.
So he put up that $10,000. So I paid him back within a year. So now this was my building and he didn't have anything to do with it anymore. And then a year later sold it for almost $400,000. So, I mean, imagine by putting $27,000 to $37,000 down, altogether I went from $240,000 to $400,000. Wow. $160,000 profit. In a year? In two years, basically. And then they deducted real estate fee.
So he put up that $10,000. So I paid him back within a year. So now this was my building and he didn't have anything to do with it anymore. And then a year later sold it for almost $400,000. So, I mean, imagine by putting $27,000 to $37,000 down, altogether I went from $240,000 to $400,000. Wow. $160,000 profit. In a year? In two years, basically. And then they deducted real estate fee.
So he put up that $10,000. So I paid him back within a year. So now this was my building and he didn't have anything to do with it anymore. And then a year later sold it for almost $400,000. So, I mean, imagine by putting $27,000 to $37,000 down, altogether I went from $240,000 to $400,000. Wow. $160,000 profit. In a year? In two years, basically. And then they deducted real estate fee.
It was the best return that you can think. But I didn't take the money because I didn't want to pay the income tax at this point. So I did trading up. Trading up, exactly, to a 12-unit apartment building, then eventually to a 36-unit apartment building, and to a 48-unit apartment. So then it started growing, and then it started getting into...
It was the best return that you can think. But I didn't take the money because I didn't want to pay the income tax at this point. So I did trading up. Trading up, exactly, to a 12-unit apartment building, then eventually to a 36-unit apartment building, and to a 48-unit apartment. So then it started growing, and then it started getting into...
It was the best return that you can think. But I didn't take the money because I didn't want to pay the income tax at this point. So I did trading up. Trading up, exactly, to a 12-unit apartment building, then eventually to a 36-unit apartment building, and to a 48-unit apartment. So then it started growing, and then it started getting into...
buying office buildings, old office buildings on Main Street here in Santa Monica that were decrepit and that had artists in it. And we then turned them into kind of like offices for banks and for real estate offices and stuff like that. We did the space and started making a lot of money on that. That's incredible.
buying office buildings, old office buildings on Main Street here in Santa Monica that were decrepit and that had artists in it. And we then turned them into kind of like offices for banks and for real estate offices and stuff like that. We did the space and started making a lot of money on that. That's incredible.
buying office buildings, old office buildings on Main Street here in Santa Monica that were decrepit and that had artists in it. And we then turned them into kind of like offices for banks and for real estate offices and stuff like that. We did the space and started making a lot of money on that. That's incredible.
No, I think that it was kind of, well, the rivalry was there. But it was, I think the whole thing was my fault. Really? Well, because I remember that I went and was really stupid. And a journalist asked me some questions about Sly.
No, I think that it was kind of, well, the rivalry was there. But it was, I think the whole thing was my fault. Really? Well, because I remember that I went and was really stupid. And a journalist asked me some questions about Sly.
No, I think that it was kind of, well, the rivalry was there. But it was, I think the whole thing was my fault. Really? Well, because I remember that I went and was really stupid. And a journalist asked me some questions about Sly.
off the record and i did not know that she had the tape recorder on the side of her purse running and then uh printed the whole thing and um so it was not meant to be like that right then of course he was very angry and that kind of flared up the competition And so at that point, you know, the trust was gone and okay, let's make this an open kind of a thing and let's go all out.
off the record and i did not know that she had the tape recorder on the side of her purse running and then uh printed the whole thing and um so it was not meant to be like that right then of course he was very angry and that kind of flared up the competition And so at that point, you know, the trust was gone and okay, let's make this an open kind of a thing and let's go all out.
off the record and i did not know that she had the tape recorder on the side of her purse running and then uh printed the whole thing and um so it was not meant to be like that right then of course he was very angry and that kind of flared up the competition And so at that point, you know, the trust was gone and okay, let's make this an open kind of a thing and let's go all out.