
The Almanack Of Naval Ravikant
What You Will Learn
The Importance of Leverage in the Real Estate Market
You might be the general contractor. You're working on the house on behalf of the owner. From that, you're going to pay the laborer 15 bucks an hour. That's a whole lot of leverage for you there. A step beyond this might be the real estate developer. Right now they've taken a lot more risk,. They need to understand fundraising, city regulations and where the real estate market is., he says.
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