EP024: Tough Challenges in Real Estate and How to Overcome Big Mistakes

Ryan Paliukaitis has had a ton of success in the real estate industry, but admits he's had some big, big failures too. This episode highlights how real estate flipping can go incredibly wrong. Ryan opens up and talks about his lawsuit, going against the planning board due to zoning restrictions, and more. It's important to learn from the mistakes of others, so be sure to stick around until the end to find out what were some of Ryan's biggest takeaways after recovering from his mistakes.   Key Takeaways: • How did Ryan and Alex first meet? • Don't be afraid to reach out and connect with others in your market! • What kind of challenges/mistakes has Ryan faced? • It took a whole year before Ryan was able to land his first deal. • Don't let Ryan's mistakes paralyze you from taking action. Learn from him. • Ryan shares his second biggest mistake! • Despite an attorney's recommendation to not go through this particular deal, Ryan and his partner moved forward anyway. • To fast forward a little bit, the deal begins to turn sour and Ryan needs to lawyer up. • The lawsuit itself lasted over a year, but Ryan was being squeezed from every angle. • Although Ryan had a lawsuit going on, he knew he still had to keep moving forward and think positive. • Ryan shares his third biggest mistake! Let's talk about how to handle contractors. • You never want to go in front of a planning board. Ryan had to do it twice. • Don't let Ryan's mistakes freak you out. When you have challenges, you have to fight through it. • Let's boil it down, what were some of the biggest lessons Ryan has learned? • Make sure you're using the right paperwork. • Don't pay your contractors upfront. • Never stop learning. • It was a very tough time for Ryan, but he's become a better wholesaler because of it. • These mistakes can happen to anyone, which is why it's so important to have good mentors and advisers on your team.   Mentioned in This Episode: www.FlipEmpire.com/ Learn How To Flip Anywhere www.FlipEmpire.com/episode1 Download the "Blind" Postcard That Got Me 20%+ Response Rate www.RyanPal.com www.CrisChico.com     Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record you question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!