{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 102: How to Make and Lose a Million Dollars \u2026 and Then Make it Back Again \u2013 with Rich Hake ","description":"What many people don\u2019t realize is that it takes a specific set of skills and a certain mindset to make a million dollars, but in order to keep and grow that million? &nbsp; That takes a different skillset and psychology. &nbsp; Our guest this week, Rich Hake, had to learn that the hard way\u2026 through the \u201cschool or hard knocks\u201d! &nbsp; Want to avoid some of those potentially career-ending pitfalls and setbacks? &nbsp; Here are just a few \u201cpearls of wisdom\u201d that Rich shares from his 40+ year career as a real estate investor: &nbsp; *&nbsp; Biggest lessons learned from losing a million bucks! &nbsp; * &nbsp;One of the most valuable skills you can possess during a downturn.&nbsp; &nbsp; * &nbsp;Rich\u2019s #1 favorite real estate investing strategy for building huge CHUNKS of cash.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; * &nbsp;His favorite asset classes\u2026 and why&nbsp;&nbsp;&nbsp; &nbsp; *&nbsp; How to sell a property and make a net profit of up to $500k \u2013 totally tax-free! &nbsp; *&nbsp; Much, more more!&nbsp;&nbsp;&nbsp; &nbsp; Tune in now to hear Rich\u2019s incredible story of resourcefulness, creativity, and having a \u2018never say die\u2019 mentality, &nbsp; &nbsp; More about Rich Hake: &nbsp; Rich Hake, Ph.D. Esq. is a California private lender, investor and broker in San Diego, California. He has been an active real estate investor since 1980. When working in collections and loss mitigation for a community bank in upstate New York, he bought a real estate course during a late night infomercial. Since then, Rich has been involved in notes, residential rentals, commercial and residential rehabs, operated a real estate brokerage in San Diego County and taught short sales, private lending and syndications. Through the economic cycles of the last 40+ years, Rich has learned to be mindful of character and the times, as well as any particulars of any specific deal. Prior to his move to full time real estate and consulting, Rich was counsel to a number of small companies in San Diego, specializing in M&amp;A and intellectual property. &nbsp; ##################################### &nbsp; Thank you for listening! &nbsp; To dig in further with Bill and Kimmie, sign up on our&nbsp;home page&nbsp;for our podcast newsletter (you\u2019ll get some extra goodies too!), and hit subscribe\/follow on Apple Podcasts. &nbsp; Who are Bill and Kimmie? &nbsp; Here\u2019s a quick snippet on who they are (and why you should, or should not, be listening to them)!&nbsp; And if you want a little deeper dive on their history, mindset, and approach to investing, here\u2019s an interview they did titled The Truth: Bill G &amp; Kimmie P EXPOSED! &nbsp; Invest with Bill and Kimmie &nbsp; The best way to start the process is to visit our site at GoDreamVest.com, and get familiar with our investment philosophy, approach, and criteria, as well as our track record &amp; experience.&nbsp;&nbsp; &nbsp; We encourage you to take advantage of all the free resources we make available on the site, and if you feel we\u2019re in alignment, the next step would be to fill out our short investor application (link posted below).&nbsp; We\u2019ll follow up with you once we receive your application, and if there\u2019s a fit, we\u2019ll start notifying you of upcoming investment opportunities. &nbsp; Ready to get started? &nbsp; [Click Here to Visit GoDreamVest.com] &nbsp; [Click Here to Submit Your Investor Application]&nbsp; &nbsp; Contact &amp; Follow Bill &amp; Kimmie P &nbsp; Through their Website &nbsp; Follow The M.O.R.E. Podcast &nbsp; Sign up on our&nbsp;home page&nbsp;for our podcast newsletter (you\u2019ll get some extra goodies too!), and hit subscribe\/follow on Apple Podcasts. ","author_name":"<b>Instant Investor Podcast<\/b><br> <i> (Formerly: The M.O.R.E. Podcast)<\/i>","author_url":"http:\/\/themore.libsyn.com\/website","html":"