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 👇
One of the people I mentor told me last Tuesday that he wanted to know more about PPPs. I said. You’re wrong. Time to remove your mask. You don’t want to “learn about PPPs.” You want Make more money Access big projects Differentiate yourself professionally Break out of stagnation Gain authority / status Work on things that matter Your pain is not technical. It’s existential and professional. So time to be honest with yourself. If you do great things that nobody sees. If you want to pass from...
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Problem: I work on multi-billion-dollar projects… and I still don’t understand how anyone makes money. And if you have it… You’re not the only one. You’re parachuted in projects and they expect you to know everything. Little training. Almost no mentoring. You get your head over the water or you sink. What if I told you that there is a place where You’ll understand how a PPP is structured Who makes money When Why And how to avoid being the one who loses Yeah… Unfiltered opinion about How money...