President, Chief Executive Officer & Chairman, BJS WHSL CLUB HLDGS INC
Robert's Biggest Investment Mistake: Learn From My Failures!
Join Robert as he recounts his early investment mistakes in the world of property trading. Discover the lessons learned from his ...
About Robert Eddy
In a December 2024 appearance, Robert Eddy recounted an early investment mistake from 1973. He described purchasing a $188,000 property with $1,800 down and a $25 monthly cash flow, which he characterized as "infinite." Eddy stated that after this initial success, he continued acquiring more properties.
Transcript (2 segments)
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Interviewer0:00
When using OPM, one question I had for Robert was: what happens if the deal goes wrong? He answers by telling the story of one of his biggest mistakes.
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Robert Eddy0:10
So the biggest mistake I was doing very well. This is 1973. I started buying my first deal, and that was a $188,000 deal. $1,800 down, $25 a month cash flow. That was infinite. So I got, and I kept doing that. I had a lot of property.