I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Is this a good investment?
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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? 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. ​ ​ 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. ​ ​ ​ Now here’s where your mind might blow: Do you think I spend my own time searching for properties for myself? 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%. ​ 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? ​ 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?​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
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