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Laziness. Think about it logically.
Sound familiar?
Laziness drives the world. Same thing happens with investing. A lot of people are too lazy to look for properties. This is why so few people actually do this. Make money. Create wealth. Now, you decide in which side of laziness you want to be. ​33 Questions about Flipping Properties​ 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. |
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I’m going to China in a few days. Suppliers. Factories. Meetings. And plenty of opportunities to discover that what I thought I knew was wrong. Preferably before transferring any money. In big infrastructure projects, that timing matters rather a lot. Take Brisbane’s Clem7 tunnel. In April 2010, its operator announced that 1.24 million vehicle trips had been made through the tunnel during its first three weeks. Almost 59,000 a day. Lovely numbers. But meaningless… If you stopped at that...
Look at this story told to me by Muhammad Danish, a top expert in PPP... Pakistan. A road to be built. A few years ago. Inflation was running wild. Prices were changing so fast that a contractor could buy materials on Monday and regret being born by Thursday… until he discovered he could sell them for a fortune on Sunday. The government’s advisers saw the problem. If the private partner had to carry all the price escalation risk, the bids would be absurdly expensive. Or there would be no bids...
“No fee paid upfront.” “If you can bring equity capital of $45 million, then we can talk about success fees.” Wonderful. You bring the project. I bring the investors. The contacts. The credibility. The hours. And the working capital to finance my own involvement in your adventure. Then, if everything works, we can talk about paying me. Not pay me. Talk about it. Beautiful little detail. Look. I have nothing against success fees. I do work on success. But think about it. Working entirely at...