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During my holidays, I’m supervising a few Real Estate projects. And you know when you try to do shortcuts. They hit you in the ass one day or another. No matter how fast you run, how hard you try… your main job becomes to hide and deal with missteps moving forward instead of stopping for a second and redo the thing in the right way. Sorry. There is only one way of doing things and be successful: doing the right thing. The truth is effortless. You don’t need to remember and justify your lies. The same is with your projects. Do the right thing, even if it is hard, even if you need to recognize mistakes. If you do that, your professionalism goes up, and that puts you miles away from the rest. If you do that, your business goes up, improves, becomes known for the right things. You’ll thrive. ​ In my last project, lots of time was wasted in covering things not done right… when the answer, the guideline, the right way… was perfectly described in the contract… ​ Check it out. ​
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Almost a year in the market. 3.5 million. Then, 3.0. Then, 2.9. I liked it, I compared it with the market. I thought that 2.8 – 2.9 mil could be a good deal. Offer: 2.75 million. Not very big, not too fancy… but a view. You have to pay well for those things in NZ… and not an investment, but a place to live. Anyway. Counter-offer… 3.2 million. The agent called it buyer’s regret. I call it, not serious. This happened in December. And this is not uncommon. I’ve seen teams that once named...
Eastern Europe. Late 2000s. If you are old enough, you can feel the context. A massive highways PPP. Toll road. Billions in capex. One of those “nation-building” projects politicians love to parade in front of TV cameras. You can smell now the country… Your consortia are seasoned. Anyone knowing how to pour asphalt on top of something lined up. Your lenders are aligned. Your traffic advisors have gone blind staring at stochastic models. Everyone is gearing up for a clean, competitive...
I buy houses, apartments and buildings from 20.000km distance. In Spain, Panama, New Zealand… and I can stay anywhere. Of course, I don’t recommend that for you. Some people want to push globalization too much. Having assets in London, NY, Madrid, Singapore, Sydney, etc. at the same time is not good for your health, nor your pocket. You miss specialization. You miss learning and knowing well a market. When bidding PPP projects, I have seen successful bidders doing so from the distance....