Having your rental property stolen?! How is that possible? This would be a worst-case scenario for any investor, and it was nearly reality for today’s guest. Buckle up as we share one of the wildest real estate horror stories you’re likely to hear!
Welcome back to the Real Estate Rookie podcast! In this episode, which could be mistaken for the latest entry in your favorite crime drama, investor Matt Drouin tells the bizarre story of how he nearly LOST his $150,000 rental property to a professional scam artist. He shares some of his biggest lessons learned from this incident—including how to screen tenants properly, when to get an attorney involved in the eviction process, and how to avoid scams when looking for your own off-market properties.
But that’s not all. You’ll also learn about the many benefits of investing in your hometown, as well as when to branch out and choose a market beyond your backyard. What’s more, you’ll hear about the often-overlooked mixed-use buildings that can be a gateway into commercial real estate investing, and how to take down these deals with creative financing!
Ashley:
This is Real Estate Rookie show number 376. So some people like myself may browse Craigslist to find properties, but today’s guest found his own property listed for sale. You won’t believe how much it was listed for and how he found out about it. My name is Ashley Kehr, and welcome to the Real Estate Rookie podcast, where every week, three times per week now, we bring you the motivation, inspiration, and the stories to help you get started. Okay, so today’s guest is Matt Drouin, and Matt’s. We are so glad to have you on the show. He is a seasoned investor from New York. He believes if you are not a rookie at something that you’ll never grow. He had a newsworthy story to share, kind of almost like Leka’s if you haven’t listened to that episode yet. But he’s going to share with us an eviction that eventually almost cost him his property. So,…