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Fancy Pants Foreclosure Investor Loses $82,000

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Uploaded by on Apr 1, 2008

St. Louis short sale investor Shaun McCloskey tells of a recent investment eal in which he lost a heartbreaking $82,000 -- and the lessons he learned from it.

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  • I'm very proud of him sharing his experience. He's right...no one wants to admit they failed. But you are such a trooper and a true success!

  • thanks for the honest post. This was the best post i have seen on youtube. no hpye, no lies, nobullshit, just uncut truth. thank you thank you

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All Comments (31)

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  • and i guarantee he didn't calculate the degradation of the dollar, so not only did he lose the $82k plus the other stuff, but he sold it at a much higher inflated dollar.

  • Wow.....Thank you for your brutal honesty... Its unheard of really.

  • @brnoamik Isnt that nice that YOU will NEVER have to worry about losing that much money in your life. You will never have to worry about losing more than that gummint check they send you on the first! :)

  • @brnoamik  nigger shit

  • GOOD POST

  • hahaha dat white boy stupid haha

  • Excellent Video/Story for the new guy in the business. After 25 years of buying and selling Real Estate, I know how important Training is for the New Guys so they can Avoid this type of loss. I did over 1,000 deals before lossong money on one but only lost a little NOT Big money like this "lesson". Good Reason to Do "bread and butter" deals NOT Big houes. Buy and Sell the price range that Most of your market wants for less Risk. DanTheRealEstateGuy

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