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Building Wealth: Navigating Real Estate Development
Manage episode 371769098 series 3478223
Вміст надано Nick Smith. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Nick Smith або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Welcome to episode nine of the W.I.R.E.D. podcast. Host Nick Smith discusses real estate development and its impact on wealth for individuals, families, and communities. He advises listeners to evaluate potential deals thoroughly and emphasizes the importance of conducting proper research and due diligence, including obtaining written information from local municipalities.
Nick highlights the significance of considering the risk versus reward factor when analyzing real estate deals. He shares his experience of walking away from a project due to unforeseen complications, emphasizing the importance of assessing the worth of time and resources invested.
Lastly, Nick advises listeners to trust their instincts when evaluating deals. He advocates for acting gracefully and with integrity when dealing with sellers, even if a deal doesn't go through, as it can impact future opportunities and relationships.
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