Commercial properties requires plenty of capital, strong holding power, and plenty of patience to hold out until a maturity point.
I’m declining his request to become a FAR Capital client on the grounds that I don’t feel comfortable with him buying more properties as of today
Their biggest mistake is thinking that they delusionally think that the worst case scenario might not happen to them.
Orang lain takkan faham kenapa kita bekerja tiap-tiap hari dan mereka boleh pergi piknik dan melancong tiap tiap minggu/tahun
Saya ada sedikit masa nak menulis mengenai pasangan yang saya jumpa di Johor semalam untuk sesi 1-on-1.
They often quickly admit that they made mistakes and they then proceed to move on without looking for a scapegoat.
This guy drove all the way from Genting to meet me and wanted too buy more properties but has since got stuck due to 70% LTV.
I asked them why they even bother looking at properties as they are already doing so well in business. Just keep doing what you do then.
You see, I like buying and keeping properties but i dont necessarily enjoy managing them, maybe that’s love. Or maybe it is not.
I’d like to declare this is merely an opinion of mine. The information shared in this post isn’t a recommendation for anyone
However, out of the 4 properties he purchased, one of it worries me as I felt he might have overpaid for the property.
The problem with JV is that to make things worst, they don’t have sufficient cash reserves to hold the property during downturn.