Richmond Dinh
👤 SpeakerAppearances Over Time
Podcast Appearances
And then a couple of years later that went down.
I missed my opportunity and I got a bit frustrated and I wanted to double down and I bought my next three properties in mining towns, which is super high risk.
Yeah.
They were like getting crazy cash flow, but high risk.
And so within a year and a half, the whole mining town industry collapsed in Australia.
Iron ore.
Iron ore.
Yeah.
Australia's famous for iron ore.
And then my properties that I bought, I bought three properties that totaled to about 1.4 mil and overnight pretty much that went down to 200,000.
No, no.
It's just demand and supply of global economy.
China stopped buying iron ore.
Oh, crap.
Yeah.
That's nuts.
Yeah.
That's crazy.
Yeah.
So those things are so high risk.