Couldn’t agree more with this response. I was unaware hard loans can hold your funds hostage like that.
Spencer seemed to be mimicking the stereotypical “tv house flip” format that has become so popular. I thought the exact same way before I discovered Tom’s channel. Now I immediately start to cringe when I see people like Spencer taking magnificent without even knowing it. I have to applaud him for exposing his own failures so others won’t fall into the same situation.
What I don’t understand is why he couldn’t have invested near home to begin with. Just so many mistakes, probably learned from “Meet Kevin’s” real estate course.