That's the beauty of business.
It's all up for negotiation.
Owner is in the business of renting houses.
I'm in the business of...
$7M portfolio by 65.
Assuming all investment:
@ 4% ROI = $280k
@ 5% ROI = $350k
Reverse those figures for inflation.
65 (retirement age) - 43...
Yes and no.
We have our own agreements.
However anyone who lawyers up will always find a way to be a pain in the ass.
Generally my owned...
Profit downgraded to $900 until I sort out kinks.
Lot of issues I've had to learn to deal with.
Increased set up cost of $5k.
I was raised told I would get nothing.
Once I was established I was told there was something.
Family isn't wealthy, but they have a couple of...
Experiencing this now.
Things I've picked up:
1. Off-load the stuff that takes time and earns little.
I'm in accommodation, so first to go was...
My personal perspective. Right or wrong.
I feel you can stumble on to $1M-ish a year incomes through business. Disclaimer is most business owners...
Restaurateurs, hoteliers, removalist, developers, educational speakers, online sales, furniture suppliers, gym owners,...
Haha, I spend more time conjuring the title than the content.
100% with you, the point was about redeploying capital. I've heard dozens of...
I guess there were several AHA moments.
(1) 23 years old. Promoted to a civil-foreman equivalent. Took a week off to celebrate in Melbourne.
I lease resi and commercial buildings that are renting below market, then take them to market rent.
Speed - The crack of investing
I recently took on 3 renovation projects within a 2 week period.
Complete gutting of the property, new kitchen,...
Investing is 99% mindset / grit.
Hell life is 99% mindset.
I've lost $100's of k making mistakes, by leaving money on the table, and cold hard...
WHAT GAME ARE YOU PLAYING?
I recently had a chat with a friend and asked him the following question:
"What game are you playing?"
Separate names with a comma.