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How to Lose Money

Hosted by Paul Moore and Josh Thomas, How to Lose Money is a wealth-building podcast dedicated to the honest, sometimes gut-wrenching stories of business and life lessons learned. If you’re an entrepreneur going through a tough season, a business executive wanting to avoid strategic mistakes, or just someone who loves to hear about victories earned on the other side of painful trials, this podcast is for you. With new episodes every Monday, we feature an interview with a business leader who has made mistakes that you don’t need to repeat. We discuss topics like: risk-taking, financial principles, entrepreneurship, growing your business, real estate investing, best business concepts, leadership, books and resources, relationship hacks, networking, passive income, time management, and more!
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How to Lose Money
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Oct 16, 2017

Sunny Burns is 27 and a full-time engineer working for the DoD. He is happily married with two kids. Sunny and his wife bought their first investment property in 2015 off the MLS, a Quadplex, 20 min from NYC, this allowed his family to live for free and allowed his wife the freedom to retire from her teaching job and stay home with their child.

They bought it for $430,000 - less than two years later it appraised for $630,000. They then used a cash-out refi and HELOC on that first property to buy a second investment property, a Triplex - also 20 min from NYC. Together the two properties appraise for $1m, and will gross over $100k in annual rents. Other than real estate, Sunny also sells pacifiers on Amazon Prime and writes a blog.

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