Episode 241
From Bankruptcy to Real Estate Success: Scott Krusemark’s Comeback Story
Scott Krusemark joins The Eternal Optimist to share his journey from IT consultant to real estate investor, coach, and hard money lender with over 30 years of experience. Matt and Scott get into the lessons learned from more than 150 real estate transactions, including the early mistakes that led to a 10-unit property dragging him into bankruptcy. Scott breaks down the four key equations every investor needs to know, the discipline required to avoid bad deals, and why real estate can be a strong strategy for financial stability. With Scott’s analytical approach and decades of experience, this conversation is packed with practical takeaways for anyone looking to navigate real estate with confidence.
Chapters:
- 00:00:00 - Welcome to The Eternal Optimist – Let’s Go!
- 00:00:55 - Meet Scott Krusemark: Investor, Mentor & Resilient Entrepreneur
- 00:01:39 - From Tech to Real Estate – Scott’s Unexpected Path
- 00:03:41 - Living with Asperger’s: Turning Challenges Into Strengths
- 00:06:25 - Rewriting His Story: Overcoming Life’s Biggest Struggles
- 00:19:37 - Love, Marriage & the Unexpected Journey That Followed
- 00:25:31 - Jumping into Real Estate – The First Big Moves
- 00:26:09 - The Costly Mistakes That Every Investor Should Avoid
- 00:28:10 - How the 2008 Crash Took Scott to the Brink
- 00:29:01 - Bankruptcy, Hard Lessons & Bouncing Back Stronger
- 00:31:03 - Why Playing It Safe in Real Estate Pays Off
- 00:32:54 - Scott’s Proven Investment Rules for Long-Term Success
- 00:33:17 - The 70% Rule: The Simple Math That Protects Your Deals
- 00:36:57 - Fix & Flip vs. Rentals – Which One is Right for You?
- 00:37:12 - How to Read the Market & Invest with Confidence
- 00:41:44 - Hard Money Lending Exposed: What Every Investor Must Know
- 00:44:16 - Want to Learn from Scott? Here’s Your Chance
- 00:46:47 - Scott’s Must-Read Books for Wealth & Growth
- 00:48:59 - What It Truly Means to Be an Eternal Optimist
Book Recommendation:
- Rich Dad, Poor Dad – Robert Kiyosaki
- Cashflow Quadrant – Robert Kiyosaki
- The Code of the Extraordinary Mind – Vishen Lakhiani
Links And Resources:
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