August 2020
Beginner
240 pages
6h 13m
English
Content preview from Buying Real Estate Overseas For Cash Flow (And A Better Life)
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
26Don't Be Tempted to Take a Second Bite
The greatest real estate loss of our investing careers earned that position of honor thanks to good, old-fashioned greed. This one was all Lief. Kathleen was never on board. Just like every other investor we knew, Lief got caught up in the exuberance of global markets in the years leading up to the 2008 global real estate crisis and double dipped, despite Kathleen's reluctance.
A colleague had a brother. His brother had a friend who was working with a developer in Northern England. The project fit all the parameters of a great deal. It was preconstruction, so the pricing was below market. The payment terms were the standard of the day—10% down with two more 10% payments over XX months. The developer had lined up banks to finance the remaining 70% upon completion. The rental-income projections were conservative based on current rents and would slightly better than cover the mortgage and other operating expenses. On paper, the deal was golden. Lief reserved one of the condos.
A colleague invested, too, and, after we'd made our initial deposits, he updated us regularly on sales and general progress with the project. A few months after we'd made the purchase, the colleague sent an email saying that 10 units had come back onto the market. A group of Italian investors had fallen out.
By that time, the developer had increased prices, which is typical with this kind of preconstruction offer. To create momentum and to get cash flowing, preconstruction ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.