509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B 01:04:28

    <p>If you scroll through <a href="https://www.instagram.com/mannykhoshbin/">Manny Khoshbin’s Instagram</a>, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, <a href="https://www.biggerpockets.com/blog/from-sleeping-in-car-to-millionaire-investor">sleeping in a car</a> with five other family members, simply trying to survive in America.</p><p>Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.</p><p>As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first <a href="https://www.biggerpockets.com/blog/overlooked-commercial-investments-real-estate">commercial property</a>. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without <a href="https://www.biggerpockets.com/blog/2010-08-30-real-estate-syndication-3-ways-you-can-profit">syndicating</a>?</p><p><strong>In This Episode We Cover:</strong></p><p>Manny’s “<a href="https://www.biggerpockets.com/blog/defining-modern-american-dream">American Dream</a>” story <strong>from immigrant to multimillionaire </strong></p><p>Why<strong> commercial real estate</strong> is such a profitable investment</p><p><a href="https://www.biggerpockets.com/blog/benefits-risks-apartment-value-add"><strong>Value-add opportunities</strong></a> and flipping commercial real estate over the span of a few years</p><p>Which<strong> real estate industries</strong> are <strong>on the downward trend </strong>(and which to invest in)</p><p>The steps <strong>new real estate investors </strong>should take to make it big</p><p>Why Manny’s <strong>luxury cars </strong>are an investment, not just toys</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="https://www.auction.com/">auction.com</a></p><p><a href="https://www.bpcon2021.com/">BPCON2021.COM</a></p><p><a href="https://en.wikipedia.org/wiki/Elon_Musk">Elon Musk</a></p><p><a href="http://www.hollyburton.ca/">Holly Burton</a></p><p><a href="https://en.wikipedia.org/wiki/Dave_Ramsey">Dave Ramsey</a></p><p><a href="https://www.spacex.com/">SpaceX</a></p><p><a href="https://www.fedex.com/en-us/home.html">FedEx</a></p><p><a href="https://www.cvs.com">CVS</a></p><p><a href="https://www.kmart.com/">KMart</a></p><p><a href="https://www.amazon.com/">Amazon</a></p><p><a href="https://www.target.com/">Target</a></p><p><strong>Books Mentioned in this Show:</strong></p><p><a href="https://amzn.to/3AwpGdO"><em>Trump: The Art of the Deal</em></a> by Donal Trump</p><p><a href="https://amzn.to/3u5CYeH"><em>Manny Khoshbin’s Contrarian Playbook</em></a> by Manny Khoshbin</p><p><a href="https://amzn.to/2XGEusd"><em>Driven: The Never-Give-Up Roadmap to Massive Success</em></a> by Manny Khoshbin</p><p>Check the full show notes here: https://biggerpockets.com/show509</p>
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