The Real Way to Make Money in Real Estate—Emil Khordorkovsky

1h00 | 07/09/2025

Description

On this episode of The Truth Hurts Show, Brian Goldstein and Makan sit down with Emil Khordorkovsky—a real estate investor and lender behind over $700 million in deals. They dive into the real reasons most deals fall apart, the problems with switching asset classes, and why out-of-state investing often doesn’t pencil the way people think it will.

Emil shares hard-earned lessons from two decades in the game, including what makes a deal actually work, why so many online real estate gurus are full of it, and how tax strategies like depreciation really play out in practice. No hype—just real talk from someone who's seen the good, the bad, and the expensive mistakes.

Emil's Links:

Website: https://www.forbix.com/investment

Follow US!

YouTube: @TruthHurtsShow

Brian's Links

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

TikTok: https://www.tiktok.com/@briangoldphd

Makan's Links

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

TikTok: https://www.tiktok.com/@makanmostafavi

Timestamps:

0:00 Welcome Emil!

02:47 Emil's Journey into Real Estate

04:17 Challenges and Successes in Real Estate

08:36 Advice for Aspiring Real Estate Investors

09:41 Comparing Real Estate to Combat

11:55 The Reality of Real Estate Investments

15:05 Navigating Real Estate Financing

25:58 Out-of-State Real Estate Investments

32:00 Unexpected Construction Costs

32:24 Dealing with Plan Discrepancies

33:06 Real Estate Investment Realities

33:49 Navigating Market Uncertainty

34:34 Advising Clients in a Volatile Market

36:11 Understanding Depreciation

46:16 The Importance of a Strong Network

50:33 Hobbies and Personal Stories

54:55 Real Estate Lending Insights

58:51 Work With Emil

Hosted on Ausha. See ausha.co/privacy-policy for more information.

About Truth Hurts Show

Introducing "The Truth Hurts Show"

Hosted by the dynamic duo of Brian Goldstein and Makan Mostafavi. Our show is a unique and engaging platform that dives deep into life, business, health, and sports, offering our audience a blend of thought-provoking insights, relatable experiences, and expert advice. We’ve established a loyal and growing fanbase eager to tune in for each enlightening conversation.

Our hosts, @BrianGoldPhd , and @Makan_Mostafavi for insta bring a fresh perspective and genuine passion to every episode. Drawing from their diverse backgrounds and experiences, they effortlessly connect with listeners on a personal level, creating an authentic atmosphere for discussing various topics.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

About Truth Hurts Show

Introducing "The Truth Hurts Show"

Hosted by the dynamic duo of Brian Goldstein and Makan Mostafavi. Our show is a unique and engaging platform that dives deep into life, business, health, and sports, offering our audience a blend of thought-provoking insights, relatable experiences, and expert advice. We’ve established a loyal and growing fanbase eager to tune in for each enlightening conversation.

Our hosts, @BrianGoldPhd , and @Makan_Mostafavi for insta bring a fresh perspective and genuine passion to every episode. Drawing from their diverse backgrounds and experiences, they effortlessly connect with listeners on a personal level, creating an authentic atmosphere for discussing various topics.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

Description

On this episode of The Truth Hurts Show, Brian Goldstein and Makan sit down with Emil Khordorkovsky—a real estate investor and lender behind over $700 million in deals. They dive into the real reasons most deals fall apart, the problems with switching asset classes, and why out-of-state investing often doesn’t pencil the way people think it will.

Emil shares hard-earned lessons from two decades in the game, including what makes a deal actually work, why so many online real estate gurus are full of it, and how tax strategies like depreciation really play out in practice. No hype—just real talk from someone who's seen the good, the bad, and the expensive mistakes.

Emil's Links:

Website: https://www.forbix.com/investment

Follow US!

YouTube: @TruthHurtsShow

Brian's Links

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

TikTok: https://www.tiktok.com/@briangoldphd

Makan's Links

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

TikTok: https://www.tiktok.com/@makanmostafavi

Timestamps:

0:00 Welcome Emil!

02:47 Emil's Journey into Real Estate

04:17 Challenges and Successes in Real Estate

08:36 Advice for Aspiring Real Estate Investors

09:41 Comparing Real Estate to Combat

11:55 The Reality of Real Estate Investments

15:05 Navigating Real Estate Financing

25:58 Out-of-State Real Estate Investments

32:00 Unexpected Construction Costs

32:24 Dealing with Plan Discrepancies

33:06 Real Estate Investment Realities

33:49 Navigating Market Uncertainty

34:34 Advising Clients in a Volatile Market

36:11 Understanding Depreciation

46:16 The Importance of a Strong Network

50:33 Hobbies and Personal Stories

54:55 Real Estate Lending Insights

58:51 Work With Emil

Hosted on Ausha. See ausha.co/privacy-policy for more information.

About Truth Hurts Show

Introducing "The Truth Hurts Show"

Hosted by the dynamic duo of Brian Goldstein and Makan Mostafavi. Our show is a unique and engaging platform that dives deep into life, business, health, and sports, offering our audience a blend of thought-provoking insights, relatable experiences, and expert advice. We’ve established a loyal and growing fanbase eager to tune in for each enlightening conversation.

Our hosts, @BrianGoldPhd , and @Makan_Mostafavi for insta bring a fresh perspective and genuine passion to every episode. Drawing from their diverse backgrounds and experiences, they effortlessly connect with listeners on a personal level, creating an authentic atmosphere for discussing various topics.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

About Truth Hurts Show

Introducing "The Truth Hurts Show"

Hosted by the dynamic duo of Brian Goldstein and Makan Mostafavi. Our show is a unique and engaging platform that dives deep into life, business, health, and sports, offering our audience a blend of thought-provoking insights, relatable experiences, and expert advice. We’ve established a loyal and growing fanbase eager to tune in for each enlightening conversation.

Our hosts, @BrianGoldPhd , and @Makan_Mostafavi for insta bring a fresh perspective and genuine passion to every episode. Drawing from their diverse backgrounds and experiences, they effortlessly connect with listeners on a personal level, creating an authentic atmosphere for discussing various topics.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

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