Manny Khoshbin’s Bugatti, McLaren, and $1B Real Estate
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- Опубликовано: 9 июн 2024
- If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America.
Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.
As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate.
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www.biggerpockets.com/signup
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Learn More About Manny:
www.mannykhoshbin.com/
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Check Out Manny’s Amazing Car Collection:
/ mannykhoshbin
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Grab Manny’s Books:
Contrarian PlayBook: www.amazon.com/gp/product/B00...
Driven: The Never-Give-Up Roadmap to Massive Success: www.amazon.com/gp/product/B07...
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Follow Brandon and David on Instagram:
@beardybrandon or / beardybrandon
@davidgreene24 or / davidgreene24
Episode 509
Show notes at: www.biggerpockets.com/show509
0:00 Intro
2:40 Quick Tip
5:04 Immigrating to America
11:02 Cars and Cashflow
19:12 BIG Deals in Commercial Real Estate
23:33 Where is Real Estate Headed?
25:25 What is Manny Buying?
27:22 Advice for New Investors
29:21 Finding Real Estate Deals
31:48 Recession-Resistant Investing
37:45 Why Luxury Cars?
43:09 Value-Add Opportunities
52:15 Famous Four
58:36 Reviewing Manny's Story
ive been following Manny for a few years now. one common thing i hear is about his high positive energy. Entrepreneur and Real Estate investor, no matter what, he never gave up, always has high positive kind energy. this is the key to success
This is why I love my country and being a born native to the United States. That's why everyone comes here, for the pursuit of happiness in success 💪🏼
That’s why Joe Biden has to go!
@@FlipwithThomas haha come on man. Let him sleep
The US burned Manny's country first...
Born in Iran,
Made In America 🗽🇺🇸
90% of the Country is made of immigrants 😉 💪
This is an amazing story. A lot of people probably just see manny’s cars and YT videos and don’t realize what he went through to get there.
Huge respect was earned by me. Right on Manny 🔥
Yes. There are many real estate investors but very few have been able to achieve what Manny has achieved. I have taken Manny's course and the guy is a straight up hustler, he works so hard.
@@jasn010 how many hours per week does he work?
@@jackjack4412 I don’t know but there is a video on his channel that shows his daily routine and he basically works until he goes to sleep.
And I see the way he analyses deals and negotiates, he puts a lot of effort into it. To close on all of those deals and manage the properties, it’s a lot of work.
Because he doesn’t keep the properties for long, he flips them which is way more time consuming
@@jasn010 Awesome, very interesting. Thanks for the info
@@jasn010 I was going to join last year too but didn’t have the $40,000 investment. Planning to join 2024
Commercial Appraiser here. No tenant is guaranteed to stay in a building. I saw the pain in 2008-2011. Walgreens and CVS were one of the tenants that vacated a lot of their buildings. Supermarkets, fast food...no one was safe. crazy times.
I have been waiting for this forever Manny is such an inspiration.
Agreed there isn’t enough Manny footage online
Literally to the 1% who's reading this, God bless you, and may your dreams come true, stay safe and have a wonderful day.
Stop w that weak bs
Thank you bro
@@ThePresentation010 Savage 😂
@@ThePresentation010 i agree ahahah stupid guy who pretend to become a millionaire on youtube im sure he's broke
Ssshhtheyv hate that
One of my favorite interviewees ever, so inspiring and helpful. Thank you so much for sharing your story with us, Manny!
I would love to see an interview between Manny and Patrick Bet-David of Valuetainment💪🏾
Both being Persian and having semi-similar stories, would make for an interesting conversation for sure.
Totally Agree!!!
I was thinking the same exact thing!
Love Manny. You guys should have Ben Mallah on next.
Agreed
Yes would love to see him on!!!
Ben would be a great interview.
Agreed
Absolutely amazing interview 👏 soo many golden nuggets of info for free! Thank you BP
Inspiring, thank you Brendon and David
Manny has helped me start my multi million dollar empire. Ironically we have very similar life story.
Congrats.
Love this episode and enjoyed hearing your story.
awesome! Big fan of "the Contrarian". glad to see him on the podcast
I'm one of Manny's Masterclass students and he is the real deal! I can't wait to follow his footsteps and start investing in commercial property!
How long have you been a student?
Please share your experience!!
Me too, and I'm not happy about it. Also, how much did he charge you to get in the group?
How's the Real Estate going my friend?
@@benderthegreat4728 not happy?
BIG show! Thanks BP👏🏾👏🏾
One of the greatest stories of entrepreneur minded hustle. Heard his story before and it still sounds motivating!
Wow, you guys got Manny on your show; super cool! I don't know if it's just me, but the audio feed on your end (Brandon and David) seemed a bit raspy in this video episode. Manny's audio seemed okay and clear.
Phenomenal interview!!! I have to set my eyes on bigger goals after this one lol.
Great podcast! Really enjoy it. Manny RUclips channel is even more impressive if your interested in his car journey.
It's so great to see MANY KHOSBIN⚡⚡⚡
Loved his raw honesty and struggle a ND drive to succeed. Congrats 👏
Awesome interview, Manny is killing it. David please do better research on your guests before doing the show, was not difficult to pick up on his books and coaching programmes.
David the analogy king Green. the Oregon trail one was really good.
Very inspirational! It’s always great to hear the super successful’s story from the star . From living in the Datsun wagon to several multimillion Dollar properties and car collection. Awesome guy
the banter between you two is what makes the show
Great video guys, always some key insights from these🔥🔥
Great episode! Truly inspirational
Wow, this interview has def been a long time comin lol Great guy all around for sure
Great video!!! Super motivated by this guy. 🚘🚙🚘
only problem with this episode? too short! we need more from Manny haha
Not all cars go out of style ! ; )
Hah, funny to catch you over here!
😂😂
When will this be posted on Apple podcast?
Thank you for the inspiration. I’m on my way!💯🙏
I still have the Magazine Heavy Hitters that featured Manny some years back, this guy has come a very long way
What real estate books do you guys recommend?
Great interview guys!
Thank you for your amazing content.
The ultimate underdog story! Great podcast
Great real story of ups and downs.
26:00 commercial real profit strat how to add value sub divide
Thank you so much this was amazing.
I can’t believe you guys got Manny!!!!!
Absolutely love this one
Finally someone gives my dude Donny T some credit.
Good for you Manny you've done it 👏👍
He doesn't own Ferraris and lamborghinis... I'm not saying, I'm just saying. Bugattis and Paganis, ok. Salute to Manny!
Yeah, it is a whole nother level.
Manny I like your car collection, I wish that one day I can have just a few of those cars, good luck.
I actually want to build a turbo nitrous lawnmower engine Honda Civic now...
Very inspiring!
i have a question....i live in jakarta the capital and financial district of indonesia...real estate is veryy expensive....i think jakarta is the equivalent of nyc in usa...do u think its better to invest in a market like jakarta/nyc or go to the suburbs....bcs from what i know young people are moving out to the suburbs just outside of jakarta where real estate is not as expensive....bcs the price for an apartment in jakarta is equal to the average home in tangerang(just outside jakarta)....in conclusion is it possible to invest in jkt amd have cashflow??? see it like nyc so u understand
If you can buy a property and rent it AND make reasonable money so you can profit, yes buy real state. You don’t need to be a professional to answer this question.
My clients buy Walgreens all the time. No worries IF the rent is low for the market, nice parcel size, upgraded construction quality for the building, hard corner red light location with high traffic counts, purchased at a good cap rate with long term debt of 10 years fixed in the 3's with 30 year amortization. If Walgreens goes out you have tons of tenants that will love to go into the right location with rent uplift. There are lot of crap locations with overpriced vintage lease rates trying to sell at market cap rates in inferior locations. You could have (A) market but location is mid block and crap. With single tenant you have to know what you are doing and they can be great investments. Sounds like Manny got burned once on STNL and has since stayed away. That doesn't mean people do not make a ton with STNL. Retail centers are more work. Yes you can split out some risk with multiple tenants to service the debt. Pro's and con's to everything.
As a Realtor, this makes me want to leave the residential space completely and hop right into commercial…
@@dtk3493 no truer words brother. Firmly believe that 🤘
Wait is this a podcast? No intro or number?
How and WHY do you guys not have 5 million subscribers?!
When I first saw him in Steve Harvey he was worth 140 million woah
Do ben mallah next!
Thanks!
Very nice episode, so much value! I have a noob question. So, he lost Boeing as a Tenant on his $5m downpayment building… how did he lose the money? Do you try to get a new tenant? Or he just closed the building?
He probably couldn’t find a tenant and had to close.
Manny the 🐐
Definitely Control C
This is a gem
Manny Khoshbin I would love for you to motivate my students in Washington Heights, NY
Can someone answer my quiestion please. I wanted to know what NETWORTH should someone have where they can have luxury and super cars fly private live luxury lifestyle without any problem finically ?
This was awesome
David Greene, great guy, but only starts speaking during the interview at the halfway point, 30 minutes in.
👆🏻 This was a good thing, let the expert share as much wisdom possible in the allotted time. Less of David’s long winded analogies.
Google waits and copies. Before this show I just heard an ad for
Their store in NYC coping Apple thinking it will do it better
Great Success!
23:00 tax benefits
Get Ben Mallah next!
3rd world to first world and he took advantage. Great!!!
So many gold nuggets for me here
"You can put that on your tomb stone".....😄
😂 Longest and funniest quick tip
"Art of Deal is my favorite book" Lol.
Whats funny?
@@jashmahl9872 1) Art of making a deal of selling a Casino at 95% loss or even worse when you account for inflation
2) Writing a book called Art of Deal where you're not the writer
3) That being your favorite book
I cant pick what's funnier.
@@BalaKrishna-bq5iz streetsh1tter
Legend
Bring on big Ben Mallah
Love him
I’m only investing in real estate via a crowdfunding platform.
10:41
It is funny that the ownership of an Apple product can give people the feeling of superiority. Haha . This is exactly how successful marketing and branding looks like. 🤣🤣
You can say it, Dave. All of those states also have Republican governors.
Exactly what I thought he was going to say... but we got the point anyway lol
God bless everybody reading this, you will reach your goals!
Let's go Brandon!
God bless Manny , God bless Trump
Didn't Trump stopped immigrant from coming? LOL
He said get a license? What does he mean by that
Do you mean when he was repackaging the jelly beans from price club? When you buy wholesale and sell retail, you need a sellers permit.
Ok so at 28:00 the license he talks about is a real estate agent’s license issued by your state. I took a 2 community college courses and passed. Both teachers were seasoned investors and I learned so much from their personal experiences.
@@westwindlodge4058 thank you so much I appreciate it
Real Estate license
Uncle manny
When I heard a few minutes of the video 😁☝️, I knew it's not a Iranian( Aryan)But then I searched and it's a Jewish surname .
He is from Iran. He is Iranian, it doesn’t matter if he is jewish.
First of all he is no where close to 1 billion!! But very successful!!
You should do a video with donlad trump he would probably will do it because he isn't really that big 🤩
He is not a billionaire does anyone know what his actual net worth is????
He is very rich and he knows what he is doing. Does it matter if he is a billionaire?
@@ss-qm5hz I just wanted to know or have an idea
It’s around $120 million
@@Bao171 how do you know that surely it’s way more I was thinking is around 400 500 million
We rarely know anyone's true net worth. I doubt even Forbes has accurate numbers.
Thy run to buy Ferraris because with that it comes lots of women 😂😂😂
YEAH! Donald Trump Art of Deal! Hope he picks his friends wise next time and not get betrayed by both parties again with a fake election! :)
awesome show Bigger Pockets! :)
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
I’ve read a lot of books, so I consider myself a very good literary critic. With that said, I’ve been a residential and commercial real estate investor and fan of Manny’s for years, and of course I’ve read his book …awful, awful, awful, sorry to say Manny, you may be a great investor, but you are a TERRIBLE author lol
You are not a social person,you are only business man,not philanthropist,you are laughing on poor people