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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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup
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Learn More About Manny:
https://www.mannykhoshbin.com/
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Check Out Manny’s Amazing Car Collection:
https://www.instagram.com/mannykhoshbin/
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Grab Manny’s Books:
Contrarian PlayBook: https://www.amazon.com/gp/prod....uct/B008Z44XYW/ref=d
Driven: The Never-Give-Up Roadmap to Massive Success: https://www.amazon.com/gp/prod....uct/B07FXYX911/ref=d
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Follow Brandon and David on Instagram:
@beardybrandon or https://www.instagram.com/beardybrandon/
@davidgreene24 or https://www.instagram.com/davidgreene24/

Episode 509

Show notes at: https://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