Veronica Dagher
speaker
3,082 appearances
51 recordings
1 series
first heard Sep 2017
last heard Jan 2025
Veronica Dagher’s voice in public audio — every appearance, attributed to the second.
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Appearances
One guy we spoke to, he didn't withdraw the money from his retirement savings, but he did take money out and he ended up having a foreclosure and lost over $300,000.
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So this is an industry where you can really lose your shirt.
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You can make a ton of money, but you can also lose everything.
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But it's like any investment, more risk, more reward.
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Well, there's a couple ways.
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Some of these folks were lucky in that they had really good timing.
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One guy I spoke to bought some of these homes 40 years ago.
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And 40 years ago, when you just think of a place like New York, you could have bought a brownstone in a nice section of Brooklyn for $40,000.
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Now that same brownstone is worth about $3 million.
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And so there's this great thing in real estate called depreciation.
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But it's a lot of appreciation.
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And so that is a huge benefit.
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So people reap that benefit.
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Granted, that is a paper benefit.
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So you don't actually benefit from that until you sell the property.
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So that's one way.
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Another way is by flipping.
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So a few people bought properties.
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They watched them appreciate for a few years.
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Then they sold them at a profit.
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Showing 381–400 of 3,082 · page 20 of 155
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