Are you buying an asset — or allocating capital? Because they're not the same decision, and only one of them builds real wealth.All tagged Property development
Are you buying an asset — or allocating capital? Because they're not the same decision, and only one of them builds real wealth.I've done a fair bit over the years — student, BTR, co-living, commercial — and most down valuations I see were avoidable. Most people assess a deal in the wrong order. They fall for the asset first and check whether it works second.I look back at that deal and I see every mistake I didn't know I was making, and I see the one thing I got right, which was refusing to walk away.