17 Lessons From A Real Estate Billionaire
The Canadian Real Estate Investor
00:00
The Jockey, Not the Horse
If you buy something that's below what it would cost to replace it, to rebuild it, and even after 50 years of depreciation, then you have a margin of safety against the inflation. It's all about the people leading the business or the deal here. At the end of the day, they will have the most impact on the success or failure of the business plan. That's why we talk about choosing the right team, choosing the right people to invest with.
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