I am stuck in a deal. What do I do next?
That is the question driving this episode. And Brian Sutton is uniquely qualified to answer it because he is living it right now as a limited partner in a lot of deals that have gone sideways.
In Episode 12 of Lessons the Hard Way, Brian and Sam sit down for one of the most honest and unexpected conversations the show has had. What started as a tactical breakdown of what to do when you are stuck in a bad real estate deal turned into something more important: a conversation about managing your state, stopping the self-blame, and figuring out how to get your mind unstuck before you can get your money unstuck.
Two Waters Capital is on the other side as an operator. Brian personally is not. And he is not hiding it.
In this episode:
• The stages of grief for a bad real estate deal and how Brian went through all of them
• Why the decisions you made were not bad decisions — the economy hit everyone
• Stop beating yourself up: most of the operators you trusted are great people who got crushed
• Why swearing off real estate and going to Bitcoin or mutual funds is the wrong answer
• Sitting on your hands is not a strategy — every action and inaction has a consequence
• The coin analogy: you have been squashed long enough, it is time to flip to the other side
• How the most successful operators change their state fast and focus on opportunity
• Staying in the eye of the hurricane: the question Brian and his wife ask each other during chaos
• The people piling in last always get hurt worst — and why now is when to pay attention
• Two Waters took a four year hiatus for a reason: they saw the overheating coming
• What happens when you change your state and focus on what is in front of you instead
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Two Waters Capital: 2waterscapital.com
#lessonsthehardway #twowaterscapital #realestateinvesting #multifamilyinvesting #realestatelessons #stuckinareal #investormindset #accreditedinvestor #commercialrealestate #realestatepodcast
0:00 Cold open: I am stuck in a deal, what do I do next
0:54 Show intro and welcome back
1:39 Brian's confession: stuck in a lot of deals as a limited partner
2:28 Going through the stages of grief on a bad deal
3:49 Those were not bad decisions — stop beating yourself up
4:43 Why swearing off real estate is the wrong answer
7:01 Sitting on your hands is not a strategy
8:05 The most successful operators change their state fast
9:33 You have been squashed by the coin — time to flip it
11:41 Change your state first, then focus on opportunity
12:58 We only have today: the only real solution is to move forward
14:48 New strategies coming out of the downturn
15:29 Getting investors on the other side of the coin
16:24 People who pile in last get hurt worst — why now is different
17:28 Two Waters took a four year hiatus and why
18:24 Staying in the eye of the hurricane
19:24 Focus on the massive opportunity ahead
20:33 The magic carpet ride: it is never going to be flat
21:19 What can we personally do to get our minds unstuck
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