#Israeli Entrepreneur of the Week # Post6
What a cool week I had !!
I was surprised by the warm responses, the praise, and the compliments on the posts (suddenly I wanted to keep writing). What fun to know that someone else can get value from my experience…
Thanks to Avi Ben Mordechay and Lior Lustig on stage and for even offering me to write here, thanks to David Levy and Tal Levi for the urge to agree.
I was asked here about rentals versus flips and I think it is impossible to compare them at all.
Flips are a business and as in any business, some are more successful and some less but everyone works hard and has to take care of a regular livelihood - find equal deals, renovate, sell and there will always be another deal in line because if the money does not work then the return goes down.
Rental is an investment - you put money in and get a steady income that does not depend directly on the amount of work and effort.
In short - it's like comparing a grocery store owner who rents the property to someone who runs a grocery store there and a grocery store owner who also runs a grocery store there himself.
Or between someone who buys a stock of Pizza Hut versus someone who develops a pizzeria.
There is no good and bad, everyone has something different…
I personally have found that income-producing assets have increased my value and kept me in difficult times compared to flips that sometimes even made it difficult for me in difficult times and whose profits evaporated on a regular basis and did not pile up significant capital.
Ask here also about our work in Rochester so as you understand from my experience, we do mostly long term rentals - less adventure, more cash and in the end also more profit.
Although the champion managers of this forum allowed me to offer my wares in the summary post but I prefer to keep it free from marketing and anyone who would like to hear about investing with us is welcome to contact me directly 😊
Another thing that came up here is the ability to combine active parenting for 5 children with intensive entrepreneurial activity.
Walla… do not know how much I can help in this case - it is a process that is not over and I have no idea what will be the result in the end 🙂 and whether I did well or not?
But there is no doubt that this combination requires several things -
First thing is help, support and backing and in my case it is my wife Meytal Sofer Shnarch my partner in making a champion both.
The second thing is to understand that you can definitely do both but you can not do everything so I chose a number of things that I invest in and give up the others (I do not watch TV for example, and do not need news - I know what happens in the world only if it is really significant until people talk about It's in small talk).
Another thing I realized is that if I want to do both and both then I may also have to compromise because it is impossible to do everything perfectly.
I would probably be a more invested father if I invested less in my career and I might have done more business if I was less active at home or had fewer children 🙂 the balance between things I choose and pinpoint all the time and hope to be good enough in each area (see Winnicott's famous article enough mother).
Then I remind myself that no matter what, at the end my kids will sit on the psychologist's armchair and accuse me of anything bad so at least I will also fulfill myself on the road 😜
I will use the stage to invite you to a networking meeting we are holding this coming Sunday in Herzliya.
The meeting is intended for real estate investors (or those on the way to being), real estate entrepreneurs abroad, flippers, rental people, and anyone who has a touch of real estate abroad.
I would love for you to come, get to know each other, make connections and connections, argue what is better - flips or rentals, and do not forget to come and say hello and what a good word on the posts.
For details and registration: bit.ly/3AO7kWm
If you do not come to the meeting
And feel you got value from my posts,
So respond… Pardon… Do not be bastards, I would love reinforcements.
You are also welcome to follow me because suddenly I feel like writing more…
This is my personal profile
It is also possible on Arlozorov's Facebook page
On our youtube channel
And even in our podcast that brings us a lot of pleasure
Congratulations and good luck to everyone 🌞