In this podcast episode, Melissa Shea, a real estate investor and developer, shares her journey from the travel industry to real estate after the 9/11 attacks. She started with single-family properties and then transitioned to buying and flipping pre-construction homes. When the mortgage collapse happened in 2007, she decided to buy apartment buildings to generate enough cash flow to cover her negative cash flow from single-family homes. Melissa's determination to succeed comes from her experience of surviving an abusive relationship and wanting to empower others to achieve financial independence. She now teaches real estate investing and has a portfolio of over 300 units. Melissa Shea shares her experience of using other people's money to invest in real estate and rebuild her life. She emphasizes the importance of knowledge and learning from mentors and networking with like-minded individuals. JZ discusses his own experience in real estate development and the challenges of dealing with contractors. They also touch on the current state of the housing market, the impact of hedge funds on middle-class Americans, and the potential for commercial development in abandoned towns. JZ shares his plans for building a luxury health retreat and the profitability of the luxury market. They conclude the conversation by discussing tokenization as a way to raise money for real estate projects.

• Real estate investing can provide more security than other businesses, especially in times of crisis.
• Flipping pre-construction homes can be a profitable strategy, but it comes with risks.
• Investing in apartment buildings can generate enough cash flow to cover negative cash flow from single-family homes.
• Personal experiences and challenges can drive determination and a desire to help others.
• Overcoming financial setbacks can make you a better investor and provide valuable knowledge.
• Building a supportive team is crucial for managing a large portfolio of properties.
• Knowledge and experience in real estate investing cannot be taken away, even in difficult times.
• Buying and holding properties can provide long-term wealth and financial stability. Using other people's money can be a powerful tool for real estate investing and rebuilding one's life.
• The current housing market is challenging for middle-class Americans due to the influence of hedge funds.
• Commercial development in abandoned towns can revitalize communities and create opportunities.

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