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And we are officially closed! Great long term asset to add to the portfolio.
Just because you’ve done business with someone for a decade doesn’t mean it has to continue.
Today: Early morning gym. Monthly business networking group/accountability. Phone calls. LO studying. Real estate networking meetup.
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The downfall of employers, employees, corporations, organizations, non-profits, communities, municipalities, leaders, politicians, entrepreneurs, families, individuals, & civilizations is: Short term thinking.
Someone on a podcast said he wouldn’t do business with out of shape people. That’s lived rent free in my head for years.
Our property manager just added $40k in value to one of our apartment complexes without us even asking. He renegotiated our dumpster service saving us $200/month. That's $2,400/yr. At a 6% cap rate: $2400/.06 = $40k This is the value of having a great property manager.
Preach.
Your first deal won’t make you rich. But it will change your life. Once you close that first deal, everything gets easier. Just start.
If you’re shirtless in your LinkedIn profile picture and you try to connect with me, please know that I won’t.
Totally agree. That’s why: real estate.
Everybody needs to relax and realize that printing more money is the inevitable path from here. You want to be in asset types that do well in rampant inflation.
Do coffee shops make money? Or are they just in it for the vibes?
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