Jaspreet Singh Says $8,400 Detroit Condo Began His Investing Path
The investor told the Afford Anything podcast that a third rental property drained his bank accounts to zero after contractors and thieves stripped it.
· 1 min read
Investor Jaspreet Singh described buying his first rental property at age 19 — a foreclosed condo in metro Detroit listed at $8,400 that had previously sold for $150,000 — in an interview published by the Afford Anything podcast on November 1, 2026.
Singh said he was a college student at the time with little knowledge of investing beyond the idea that wealthy people own real estate, according to Afford Anything.
His third property came close to wiping him out, he said. One contractor took his money and never returned, a second charged materials for other customers' jobs to a Home Depot card, and thieves removed the copper plumbing, the furnace and the air conditioning unit. His bank balances fell to zero and overdraft notices accumulated, he said, and he covered bills with cash from a party promotion business he was running.
In the episode, Singh outlined three rules of money, a practice he calls "always be buying," and a framework he labels TRM, for time, return and money.
He also said he expects capital to move toward artificial intelligence and the inputs it relies on, including energy, data centers, semiconductors and copper — the same metal stripped from his Detroit property.
This story was first reported by Afford Anything.
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