Investing in the Poor - Understanding All the Extremist Scenarios - and Investing - Ophir Harari - Post 2
# Entrepreneur of the Week - Ofir Harari # Post 2
*** Invest in open-minded people - understand all the extreme scenarios - and invest ***
The year of the Corona 2020 is over and in a moment the first month of 2021 is already over… At the moment we are all still in a prayer that the vaccine will bring us back to the world we knew.
A phrase we heard over and over again in the past year was "If life gives you lemons - make lemonade out of it"
(Unlike another sentence we heard over and over in ZOOM meetings “Are you on Mayotte” ????)
The legendary Debbie Glickman added: "If life gives you lemonade - drink it."
Last year gave a lot of people a spoiled lemon from which it is impossible to make much… Artists, hall owners, restaurants and more and more… Many people just got a spoiled lemon this year.
I believe that all the members of the group here fully understand this important point and understand the great importance of saving and investing.
Today I would like to discuss the advantages and disadvantages / risks of each investment.
That's right, the internet is full of different and weird offers for real estate investments, all over the world people have come out of the caves and now live in houses… There are good investments and there are very risky investments !!
It is true, there is a severe punishment for those who market a property without revealing to the investor material details about the deal, but it is also incumbent on the investor himself to find out and understand the deal to the end - and as I always say, 100% in life May go wrong, we must always be aware of all these extreme scenarios.
If I have invested in a multi-family - I know almost certainly that there will be tenants (since this is not a single apartment) and I also enjoy a completely managed investment and without "headaches" and without our involvement in property management, on the other hand we must understand the risk of buying a leveraged property. Our leverage - except by leverage taken by the developer) We must understand our inability to influence the property, the renovation of the property, the sale of the property in the future and more… - in extreme cases (which unfortunately happened and more will happen) the economy may lose the entire fund Or smooth, so it is very important after understanding the risks that may arise - to examine with caution the specific deal offered to us.
Another and common investment is an investment in a single apartment directly, this investment exposes us to the risk of lack of tenant, which means we have a risk regarding the fruitful return - the monthly rent and this should be emphasized especially if the property was bought by a loan from the bank. .
You have decided to purchase a property - the right and great step!
Make sure you understand all the possible scenarios and are willing / able to live in peace with this risk (because in everything in life there is a risk…)
Invest wisely
Invest with your eyes open
In the picture - the best and most important investment in life - my family
Ofir mountainous
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