Radical Wealth Plan

Why Losing 30k Was the Best Thing That Happened to This Investor


Listen Later

Welcome back to Radical Wealth Plan, brought to you by Entrepreneur Media. In today’s episode, I sit down with Remoun Said, a real estate investor and agent who has mastered the ability to create value in real estate. From transforming single-family homes into multi-unit cash-flowing properties to leveraging California’s ADU laws, his approach is both strategic and highly effective.


What makes Remoun’s story so compelling is that he didn’t come from wealth—he built his success through determination, smart decision-making, and a relentless work ethic. Having immigrated to the U.S. as a child, he saw firsthand the sacrifices his father made for a better future, and that experience shaped the way he approaches business and investing today. Now, he’s built a portfolio by focusing on value-add opportunities, staying local, and using zoning regulations to his advantage.


We go into detail on some of the biggest challenges and opportunities in real estate investing. Remoun shares how his first deal went horribly wrong, leading to foreclosure, and what he learned from that experience that allowed him to come back stronger. He explains his Buy Box strategy and why having clear investment criteria helps avoid costly mistakes. We also take a close look at how he turns small properties into highly profitable rental units through ADUs and zoning adjustments. If you’ve ever wondered how to legally and efficiently maximize the potential of a property, this part of the conversation will be invaluable.


One of the most important topics we cover is why Remoun prefers long-term wealth-building over house flipping. He breaks down why flipping can feel like two steps forward and one step back, and how owning income-generating properties provides much greater financial stability. We also discuss the realities of rent control, how it affects property values, and what investors can do to work within those regulations while still making smart investment decisions. Throughout our discussion, he emphasizes the importance of treating real estate as a business, building strong relationships with local experts, and making informed decisions based on long-term potential rather than short-term gains.


Toward the end of the episode, we shift gears with a rapid-fire Q&A where Remoun shares his biggest regrets, his goals for the future, and even what would make his Sundays perfect. It’s a great way to round out a conversation that is full of practical insights, real-world examples, and expert strategies.


If you’re looking to invest in real estate but aren’t sure where to begin, or if you’re an experienced investor looking for new ways to improve your approach, this episode offers valuable guidance. Make sure to subscribe, leave a review, and check out the show notes for ways to connect with Remoun.



Timestamps


00:00:00 Introduction


00:01:09 Remoun’s Background & Immigrant Journey


00:03:34 First Steps into Entrepreneurship


00:04:47 Advice for First-Time Real Estate Investors


00:05:58 A Costly First Investment Mistake


00:08:35 Turning a Setback into a Comeback


00:12:49 Understanding Property Inspections & Due Diligence


00:15:11 The Importance of a Buy Box


00:20:46 Adding Value with ADUs (Accessory Dwelling Units)


00:26:07 Zoning & Development Strategy


00:34:25 The Process of Converting a Single-Family Home to Four Units


00:40:05 Why Smaller Rental Units Are More Profitable


00:45:43 Exit Strategy & Valuation for Rental Properties


00:52:16 The Importance of Working with Local Experts


00:57:45 Navigating Bureaucracy & City Regulations


01:08:09 Why Remoun Prefers to Invest Alone


01:19:31 Property Management & Avoiding Tenant Issues


01:33:56 The Pros and Cons of Rent Control Properties


01:38:54 The Role of Real Estate in Wealth Creation


01:44:30 Why Flipping Houses Isn’t the Best Strategy


01:52:24 Lightning Round


01:54:42 Closing Thoughts & How to Connect with Remoun

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Radical Wealth PlanBy Entrepreneur Media

  • 5
  • 5
  • 5
  • 5
  • 5

5

110 ratings


More shows like Radical Wealth Plan

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

39,023 Listeners

The Rachel Maddow Show by Rachel Maddow, MSNBC

The Rachel Maddow Show

36,973 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,212 Listeners

Oprah's Super Soul by Oprah

Oprah's Super Soul

31,954 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,852 Listeners

Vet Candy – Veterinary Lifestyle, News & Learning by Vet Candy

Vet Candy – Veterinary Lifestyle, News & Learning

112 Listeners

The Ezra Klein Show by New York Times Opinion

The Ezra Klein Show

16,029 Listeners

Passion Struck with John R. Miles by Passion Struck Network

Passion Struck with John R. Miles

706 Listeners

Sex, Body, and Soul by Kate Roberts

Sex, Body, and Soul

1,524 Listeners

The Fur Real Podcast with Mark A Kyle by Mark A Kyle

The Fur Real Podcast with Mark A Kyle

300 Listeners

Secondhand Therapy by PonyBear Studios

Secondhand Therapy

162 Listeners

BigDeal by Codie Sanchez

BigDeal

785 Listeners

Forward One Podcast by Paul Mark Morris & Josh Spitzen

Forward One Podcast

124 Listeners