I started out investing as a young man in real estate. I was in my early twenties when I bought my first investment property. I was inspired after reading "Rich Dad Poor Dad" and I was convinced real estate investment was my ticket to passive cash flow and wealth. I was solely a cash flow investor. The property needed to be cash flow positive so that it put money in my pocket. If there was some capital growth, that was a bonus! I loved real estate so much I changed careers and went to work for a property developer.
My real estate investments were tracking well and then life circumstances got more complicated. I got married. I fought the resistance to purchase a principal place of residence opting to buy investment properties only and leasing. I finally gave in to my bride and bought a principal place of residence which was fine as both my wife and I had high-paying roles. Then the world finance crises hit and I was let go. I poured my soul into a job I loved but was let go. I was devastated. I swore to myself that I'd never be put in an identical scenario again.
I decided to search out a new path to generating my own cash flow so I never had to rely on a job. I realized had I continued on my cash flow positive investment path I most likely would not have to work again. Luckily , the coaching I received to research evaluate diverse real estate development deals in my job was the best training any person could receive.
Once again I considered property deals but this time for myself. Sadly I couldn't find any that assured the cash flow positive returns I was looking for. Then I discovered an asset group known as "management rights". I was acquainted with them but had not investigated the returns in any great detail. I liked what I discovered.
A management rights asset is a compound business that fuses property investment abilities with business operational talents which makes the asset sector extraordinarily rewarding for successful operators. A management rights asset is basically a business attached to newer residential developments and it has 2 elements. Firstly, the owner of the management rights has the right to run a real estate agency from on-site, and second is paid to undertake the care taking commitments for the home complex. These two functions are established and legally protected pursuant to a management rights agreement with all the owners within the residential project. Not only is the management rights owner paid a care taking fee, but also earns commissions on the letting and sale of properties in the complex. Accordingly, an operator can earn substantial revenue whilst operating the business, but by making improvements to the earnings, one can earn a serious capital gain when the business is sold.
My real estate investments were tracking well and then life circumstances got more complicated. I got married. I fought the resistance to purchase a principal place of residence opting to buy investment properties only and leasing. I finally gave in to my bride and bought a principal place of residence which was fine as both my wife and I had high-paying roles. Then the world finance crises hit and I was let go. I poured my soul into a job I loved but was let go. I was devastated. I swore to myself that I'd never be put in an identical scenario again.
I decided to search out a new path to generating my own cash flow so I never had to rely on a job. I realized had I continued on my cash flow positive investment path I most likely would not have to work again. Luckily , the coaching I received to research evaluate diverse real estate development deals in my job was the best training any person could receive.
Once again I considered property deals but this time for myself. Sadly I couldn't find any that assured the cash flow positive returns I was looking for. Then I discovered an asset group known as "management rights". I was acquainted with them but had not investigated the returns in any great detail. I liked what I discovered.
A management rights asset is a compound business that fuses property investment abilities with business operational talents which makes the asset sector extraordinarily rewarding for successful operators. A management rights asset is basically a business attached to newer residential developments and it has 2 elements. Firstly, the owner of the management rights has the right to run a real estate agency from on-site, and second is paid to undertake the care taking commitments for the home complex. These two functions are established and legally protected pursuant to a management rights agreement with all the owners within the residential project. Not only is the management rights owner paid a care taking fee, but also earns commissions on the letting and sale of properties in the complex. Accordingly, an operator can earn substantial revenue whilst operating the business, but by making improvements to the earnings, one can earn a serious capital gain when the business is sold.
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