AIPIS 233 - How to Settle Your Unaffordable Debts for Pennies on the Dollar with Jorge Newbery
Accredited Income Property Investment Specialist (AIPIS) · Jason Hartman
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Jason talks with Jorge Newbery, author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about fake news, erasing debt, the creation (and destruction) of bubbles, and what to do if you're in trouble with a loan.
Key Takeaways:
[1:52] How Jorge got into the real estate business, and was taken down by a single ice storm
[6:12] The City of Columbus, OH wouldn't let Jorge's renovations pass inspections
[10:22] A fake news story about Jorge being investigated turned the public against him and his renovations
[14:39] Why Jason is okay with the strategic default practice, even as a lender himself
[16:05] In his quest to erase his $26 million in debt, Jorge found an error that erased $5 million of it, which led to a startling revelation
[20:05] Our whole society is set up to create massive bubbles that burst and allow the powers that be to buy assets for pennies on the dollar while we blame ourselves for the situation
[22:11] The wealth concentration in our nation is becoming untenable
[23:46] The #1 piece of advice for if you're in trouble with your loan
Website: