19 min
Be Wary of the Midas Syndrome - Matthew Drouin Multifamily Missteps Hosted by Jerome Myers
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- Investing
Aiming for a huge target is not at all bad, but the harsh reality should also be considered. In this episode, we feature Matthew Drouin and his story of doing a deal that entails facing problematic neighborhoods and people down on their luck. He talks about his experience of regret looking upon himself as a hero and brings the invaluable lessons he learned from it.
[00:00 - 08:51] When the Harsh Truth Slaps, We Go Back to What Matters
Back into real estate by accident as a residential agentThe struggles of being poor in an affluent neighborhoodWitnessing his parents die young without time to enjoy life[08:52 - 18:19] From Hero Complex to Midas Syndrome: The Horror Story
When there is a level of sketchiness in the neighborhoodFacing the mental stress of pulling off a risky dealRealizing the significance of sticking to your principles[18:20 - 19:16] Closing Segment
Unexpected things can happenFinal words
Tweetable Quote:
“ The biggest mistake I made on this whole thing was right in the beginning, I got the hero complex and also the Midas syndrome on this. And I was not doing it based upon logical reasoning in terms of sticking to my guns and all the principles that had made me successful.” - Matthew Drouin
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Support the show https://www.facebook.com/groups/157335752156211/
Support the show
Aiming for a huge target is not at all bad, but the harsh reality should also be considered. In this episode, we feature Matthew Drouin and his story of doing a deal that entails facing problematic neighborhoods and people down on their luck. He talks about his experience of regret looking upon himself as a hero and brings the invaluable lessons he learned from it.
[00:00 - 08:51] When the Harsh Truth Slaps, We Go Back to What Matters
Back into real estate by accident as a residential agentThe struggles of being poor in an affluent neighborhoodWitnessing his parents die young without time to enjoy life[08:52 - 18:19] From Hero Complex to Midas Syndrome: The Horror Story
When there is a level of sketchiness in the neighborhoodFacing the mental stress of pulling off a risky dealRealizing the significance of sticking to your principles[18:20 - 19:16] Closing Segment
Unexpected things can happenFinal words
Tweetable Quote:
“ The biggest mistake I made on this whole thing was right in the beginning, I got the hero complex and also the Midas syndrome on this. And I was not doing it based upon logical reasoning in terms of sticking to my guns and all the principles that had made me successful.” - Matthew Drouin
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Support the show https://www.facebook.com/groups/157335752156211/
Support the show
19 min