Collecting Keys - Real Estate Investing Podcast

EP 500 - Wins, Losses, and Lessons from Five Years of Collecting Keys

Mike DeHaan

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0:00 | 54:31

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Five hundred episodes. Zero missed releases since 2021. In this milestone episode, Mike, Dan, and Dylan go back to the beginning: the seller who got abducted from a closing, the Spokane duplex that nearly broke their partnership, the hire that changed everything, and the disaster deals still bleeding money today. Plus why they stopped chasing passive income, what actually built the business, and the mindset shift that reshaped how they define success. If you've been here since day one, this one's for you.

Topics discussed:
Introduction (00:00)
Why episode 500 almost ended the show (00:13)
The seller who got abducted from a closing (09:32)
The disaster duplex that nearly broke them (14:57)
Losing $500K in the bank in 30 days (20:48)
The first hire that changed everything (22:41)
One cold call that became 13 units (26:42)
Why making $100K is easy and $1M is hard (30:23)
Why the wrong partners cost them years (32:21)
The 8-unit money pit still bleeding cash (34:56)
The third partner that soured everything (38:49)
Passive, massive, and recurring income (44:35)
Why holding cash beats chasing returns (48:47)

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