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Hey Dazz,
I have a couple of quick questions:
- Do you want to retire on cashflow or CG and loc?
- would you rather retire in 3 months or 7 months or it doesnt matter too much?
- if you leave the situation as it is now, with the tennant in, are you in a CF+/- position overall?
Cheers
Ben
From your first post the figures you mentioned are your view on the purchase price, my interpretation was an active imagination
How much authority does the CFO really have? or is he just running of at the mouth. I have seen heaps of employees run of at the mouth without any real authority.
From my VERY limited knowledge of the local industrial/commercial market (read: I imagine you know much more about it than me mate), vacancies seem to be popping up a bit more, but as you said - the tenant doesn't really have much of a choice on location does he?
Great analogy! I agree; I'm happy to be quite aggressive whilst accumulating, even if it's risky and not diversified. But once you've attained substantial wealth, it's natural that your risk profile will change, and diversification will become much more important.I have a rough view of my wealth creation journey as a rainforest tree.. In the early stage you shoot up high and fast even with a single strategy ideally as you need to get to that sunlight. Later on you can spread out once you are on top of the canopy, at that point it's all about defusing all the potential negative scenarios you can dream up, instead of scrambling madly for the sun.
Dazz 12 years of working is a longtime, and as i don't know the numbers nor do i want too sometimes when this pops up in your investing life it's better to take the money and leave something in the deal for the next punter waiting in line, with the spread of properties you both control the C-G would still balance itself out over time one would think..IMHO..OK, the reason for our indecision at present is that we have been handed an open ended cheque book by a current tenant who wishes to purchase the property they occupy. No biggy you say, make a choice and move on. We find, due to the numbers involved, it's not that simple.
The open ended cheque book offer came about due to my legal arguing with my counterpart, the Chief Financial Officer of the tenant. He's new to the position and quickly come to the conclusion that his organisation is in an absolutely shocking position. When putting him back in his box over some insurance issues recently...(i.e. he must foot every bill I throw at him and then some, and do it immediately to my utmost satisfaction....love those words), he obtained some legal advice re: his position and realised that it couldn't be worse. A big jar of vaseline was all that was going to help him.
We the deal to settlement....so I've got alot of hours and alot of skin in the game. The last thing I wish to do is extract all of this cash and find myself having to go through the same wearing process to find a decent enough home for the funds extracted.
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