If you scroll through <a href="https://www.instagram.com/mannykhoshbin/" rel="noopener noreferrer" target="_blank">Manny Khoshbin’s Instagram</a>, 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, <a href="https://www.biggerpockets.com/blog/from-sleeping-in-car-to-millionaire-investor" rel="noopener noreferrer" target="_blank">sleeping in a car</a> 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 <a href="https://www.biggerpockets.com/blog/overlooked-commercial-investments-real-estate" rel="noopener noreferrer" target="_blank">commercial property</a>. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without <a href="https://www.biggerpockets.com/blog/2010-08-30-real-estate-syndication-3-ways-you-can-profit" rel="noopener noreferrer" target="_blank">syndicating</a>?In This Episode We Cover:Manny’s “<a href="https://www.biggerpockets.com/blog/defining-modern-american-dream" rel="noopener noreferrer" target="_blank">American Dream</a>” story from immigrant to multimillionaire&nbsp;Why commercial real estate is such a profitable investment<a href="https://www.biggerpockets.com/blog/benefits-risks-apartment-value-add" rel="noopener noreferrer" target="_blank">Value-add opportunities</a> and flipping commercial real estate over the span of a few yearsWhich real estate industries are on the downward trend (and which to invest in)The steps new real estate investors should take to make it bigWhy Manny’s luxury cars are an investment, not just toysAnd So Much More!Links from the Show:<a href="https://www.auction.com/" rel="noopener noreferrer" target="_blank">auction.com</a><a href="https://www.bpcon2021.com/" rel="noopener noreferrer" target="_blank">BPCON2021.COM</a><a href="https://en.wikipedia.org/wiki/Elon_Musk" rel="noopener noreferrer" target="_blank">Elon Musk</a><a href="http://www.hollyburton.ca/" rel="noopener noreferrer" target="_blank">Holly Burton</a><a href="https://en.wikipedia.org/wiki/Dave_Ramsey" rel="noopener noreferrer" target="_blank">Dave Ramsey</a><a href="https://www.spacex.com/" rel="noopener noreferrer" target="_blank">SpaceX</a><a href="https://www.fedex.com/en-us/home.html" rel="noopener noreferrer" target="_blank">FedEx</a><a href="https://www.cvs.com" rel="noopener noreferrer" target="_blank">CVS</a><a href="https://www.kmart.com/" rel="noopener noreferrer" target="_blank">KMart</a><a href="https://www.amazon.com/" rel="noopener noreferrer" target="_blank">Amazon</a><a href="https://www.target.com/" rel="noopener noreferrer" target="_blank">Target</a>Books Mentioned in this Show:<a href="https://amzn.to/3AwpGdO" rel="noopener noreferrer" target="_blank">Trump: The Art of the Deal</a>&nbsp;by Donal Trump<a href="https://amzn.to/3u5CYeH" rel="noopener noreferrer" target="_blank">Manny Khoshbin’s Contrarian Playbook</a> by Manny Khoshbin<a href="https://amzn.to/2XGEusd" rel="noopener noreferrer" target="_blank">Driven: The Never-Give-Up Roadmap to Massive Success</a> by Manny KhoshbinCheck the full show notes here: https://biggerpockets.com/show509See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B

BiggerPockets Real Estate Podcast