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March 26, 2025 45 mins

In this gripping episode of The Real Estate Pessimist Podcast, Kristi Kandel and Erik Stenbakken sit down with Craig Parsons. A man who started in construction at just nine years old but didn't jump into real estate investing until five years ago. 


And when he did? Buckle up.


Craig's story is one of resilience, creativity, and sheer grit. From a flooded building to shattered storefront windows to a tenant-induced waterfall, he's seen it all. And through every unexpected twist, Craig found a way to adapt, learn, and come out stronger.


Here’s what you'll discover:

🏔️ The Hiking Revelation: How a 210-mile trek with a stranger sparked Craig's real estate journey and his dream of hiking the Pacific Crest Trail.

🔥 The $5K Property Purchase: How Craig scored a property with just $5,000 down through savvy negotiation.

💥 Disaster After Disaster: Flooded floors, frozen pipes, and ceilings caving in. How Craig handled each crisis without throwing in the towel.

💡 Creative Financing Wins: How Craig leveraged private loans and seller financing to build his portfolio when traditional lenders said no.

🎯 Mindset Mastery: Craig's unshakable belief that "if it were easy, everyone would be doing it" and how that attitude helped him weather the storm.


From childhood job-site adventures to becoming a full-fledged investor, Craig’s story is a testament to perseverance and thinking outside the box.


🎧 Tune in to hear how Craig turned setbacks into stepping stones and how you can apply his lessons to your own investing journey.


Subscribe & Share! Your support helps us continue to share the good, the bad, and the truth about real estate investing.

Want to become a STR Expert with Erik’s help? https://eriks-academy.teachable.com/p/str-in-an-hour 


Ready to go from podcast listener to Local Developer with Kristi’s guidance?

Whether you're just getting started or ready to go all in, we've got the tools to help you build what matters in your own backyard.


→ Programs & Resources:https://www.localrealestatedeveloper.com/

→ 90-Day Masterclass:https://www.localrealestatedeveloper.com/build-it-course

→ Apply for the Mentorship Program:https://www.localrealestatedeveloper.com/dev-mentorship


#RealEstatePessimist #RealEstateInvesting #PropertyInvesting #AirbnbHosts #ResilienceInRealEstate


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