Is this a good investment?


A few days ago, I talked to someone about profitability of assets.

What should be the minimum return that you get out of… let’s say… a good real estate investment?

Our best ones… around 8-10%.

“Not much” – he said… the stock market is giving you more…

Logically, Trump had not shown up in the white house garden yet to do a performance with his hair perfectly glued to his head.

But let’s reflect…

Is that a good number?
Is it bad?
​
​

Around 8-10%

In my humble and brutally honest opinion: it’s f*cking insane.

It’s la leche!

I’m tired of reading every self-proclaimed genius online saying they can do better.

Much better than this…

OK, let’s focus.

I pay a company to clean my house. It’s expensive — but I’m happy to pay for it.

Then, I have a robot that do the day to day.

​
It means I don’t have to think about it. Not a single second spent cleaning.
Could my wife and I do it ourselves?
Of course.
Could we do it better?
Maybe.

But… That would be time taken away from what we’re actually good at.

Focusing on what you’re really good at — I think that’s what separates successful people from the wannabes.

When you go out looking for an investment property, there are thousands of variables.

​
Some you can control, many you can’t.

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It takes years of time and experience to know the difference.
And don’t even get me started on how much it would cost to know how to actually manage the variables you can control.

Now here’s where your mind might blow:

Do you think I spend my own time searching for properties for myself?
Nope. Most of the time, I receive properties from someone else that gets paid for that job.

Then a broker that finds me the best financing.

A manager that gets the best interior design and furniture.

An operator that extracts maximum value of the property.

If I did it myself, maybe I’d squeeze out a little bit more… maybe 10-11%.
But is that extra 1–2% worth my time?
Hunting the market, analyzing deals, making offers, negotiating, designing, buying furniture, installing furniture, maintaining the property…

There are people who live and breathe this daily, and they’ll get me results very close to mine for a very reasonable fee.

Could you squeeze out 1% more by doing it yourself?
Sure.
But do you think the people doing all those jobs for investors don’t have bills to pay?

Anyway… next time that you want to do it all, think twice of what you are good at…. Although maybe, you should start here.

​Is this piece of real estate a good investment?​

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