(PTRE)

The two-family house Larry bought when he was 18 gave him many great lessons, including how to be a landlord. Many of the lessons from that first house are still used by Larry and his coaching students. Larry says the “biggest mistake I ever made in real estate was selling that house at a 50 percent profit just a year later.” Many would question that statement, but after buying the house for about $25,000 and with a cash flow of over $250 a month at the time, Larry realized that the property would be worth many times that today — and the cash flow would be incredible if he had kept it.