Josh Altman on How to Lose It All and Get It All Back - with Lewis Howes

Passion

Josh Altman shares his deep-seated passion for real estate, a field he has been drawn to since childhood. He fondly recalls driving around his neighborhood, admiring mansions, and playing Monopoly, which fueled his interest in trading houses 1 2. His love for luxury real estate is evident in his pursuit of high-profile properties, such as the famed Spelling Manor, which he hopes to sell one day 3.

You got to work. You got to work.

--- Josh Altman

This dedication underscores his belief that success in real estate requires relentless effort and a genuine passion for the industry.

   

Resilience

Altman's journey is marked by significant financial setbacks, yet he demonstrates remarkable resilience. He recounts losing everything during the mortgage crisis, including his luxury cars and home, which forced him to start over from a $1,500 apartment 4. Despite these challenges, he leveraged his past experiences to rebuild his career, eventually selling a million dollars in real estate daily 5.

I was a millionaire by 26. I was broke by 26 and a half.

--- Josh Altman

This period taught him invaluable lessons about financial prudence and adaptability, shaping his approach to business today.

   

Deals

Altman's career is punctuated by high-stakes deals with celebrity clients, showcasing his prowess in the luxury real estate market. He recently closed a $23 million deal for Reba McEntire's house, an off-market transaction completed in just seven days 6. His involvement in a $100 million beachfront property deal in Marina Del Rey further highlights his expertise, although he later moved on to join Douglas Elliman, a prestigious brokerage 7.

All cash. 23 million. That's it.

--- Josh Altman

These experiences underscore his ability to navigate complex transactions and maintain a strong presence in the competitive real estate industry.