Why We WANT to Lose Money in 1 Out of 50 Houses | Chad Klaman
The Zach and Pat Show by Zach Fagas, Patrick Doyle
Episode notes
Chad Klamen's family has been in real estate for over 100 years. Great-grandfather, grandfather, father — all house flippers. Nobody pushed him into it. His dad barely mentioned it at the dinner table. So Chad went and got a corporate job, made $70,000 with a company car, decided he'd made it — and got fired. He traveled Southeast Asia, came home, and asked his dad for a job. His dad said no: you know nothing about real estate, you know nothing about St. Louis, you just got fired and then traveled the world. Go figure it out and bring something to the company. So he did. He cold-called the richest real estate guys in St. Louis, landed with one of them, and spent two years walking into shopping centers and nail salons in a suit in the middle of summer getting told to get out. Today he closes 75 houses a year and is on pace for 100. This one is ...