How Ryan Weimer Lost $1.2MM Dollars On One Deal

Disruptors

Steve Trang

Business, Investing, Careers

5 • 741 Ratings

🗓️ 19 November 2024

⏱️ 107 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this Disruptors episode, we have Ryan Weimer with Offer Now Idaho, and he flew in from London to talk about how he lost $1.2 million on just one deal.

How Ryan Weimer Lost $1.2MM Dollars On One Deal | Video Replay

How Ryan Weimer Lost $1.2MM Dollars On One Deal

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How Ryan Weimer Lost $1.2MM Dollars On One Deal

Ryan Weimer | Offer Now Idaho and Real Freedom Podcast

https://www.offernowid.com/

https://podcasts.apple.com/podcast/real-freedom/id1722384893

Instagram: https://www.instagram.com/realryanweimer/

YouTube: https://www.youtube.com/@RyanWeimer

Ryan is the founder of Offer Now Idaho and a passionate real estate investor with years of experience. Dedicated to helping people through real estate, he ensures that every client is equipped with all available options to choose the best fit for their needs—even if it’s not with his company. Integrity and transparency are the core values that drive everything Ryan does.

How Ryan Weimer Lost $1.2MM Dollars On One Deal | Takeaways

1. Choose the right mentor and do thorough due diligence before starting a new venture.

2. Explore the Weimer Method – a creative financing strategy using 0% interest notes and collateral substitution.

3. Implement a rigorous hiring process, using tools like Predictive Index and Cog Score.

4. Build a supportive community to learn from others’ experiences.

5. Focus on what you can control, expect challenges, and stay adaptable to market changes.

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Transcript

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0:00.0	Yeah, I'll never forget that moment because it was like, how could I be such an idiot?
0:03.7	I get a call from this other GC and he's like, hey, what is going on here?
0:08.3	And I'm like, what do you mean what's going on here?
0:10.2	Like you just got red tagged from the city.
0:12.7	The inspector came out here.
0:14.2	All of your shit is not built to fire code.
0:17.0	And I'm like, not built to fire code?
0:19.1	He's like, yeah, you're using the wrong width drywall.
0:22.6	Your insulation isn't right.
0:23.9	You got all these other things going on.
0:25.4	And I'm like, now what?
0:27.5	And he goes, well, I ran some quick numbers.
0:30.3	I think it's going to be another $800,000 to finish this.
0:34.0	I had already funded almost all of my construction loan.
0:37.0	I'm like like 800 grand.
0:38.3	What am I going to do?
0:41.3	Hey, everybody.
0:42.1	Thank you for joining us for today's episode of Disruptors.
0:44.0	Today we have Ryan Weimer with Offer Now Idaho, and he flew in from London.
0:49.1	Talk about how he lost $1.2 million on just one deal.
0:53.8	Now, guys, I'm on a mission to create 100 millionaires.
0:55.6	Their information on this show alone is enough to help you become a millionaire in the next
	...

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