The Wisdom Wall
3 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“When you're dealing with a realtor that is a friend, right? He's extra cautious. And sometimes that extra cautiousness could cost you a property. Like it's hard for me to, for example, to tell my friend, oh, this is a great investment because in case something does not go right, he's going to say, oh, Sam told me about…”
“I mean, businesses is another way to invest, and businesses usually gives you much more cash flow than real estate does, but the business, in 99% of the cases, you gotta pay cash for the business. Real estate, you put five, 10, 15, 20% down, and the rest is the bank's money.”
“What I mean by specialty is that even the realtors that they deal with storage units. They have their own clientele of storage unit owners, and they work together. And sometimes for you to come in, they, they'd rather deal with somebody that is familiar with that business than somebody that is Fresh off the street.”