I started investing as a young man in property. I was in my early twenties when I purchased my first investment property. I was inspired after reading "Rich Dad Poor Dad" and I was convinced real estate investment was my ticket to passive cash flow and wealth. I was solely a cash flow investor. The property had to be cash flow positive so that it put money in my pocket. If there was some capital growth, that was a bonus! I loved property so much I changed jobs and went to work for a property developer.
My property investments were tracking well and then life circumstances got more complicated. I got married. I fought the resistance to purchase a principal place of residence choosing to buy investment properties only and renting. I finally gave in to my bride and purchased a principal place of residence which was fine as both my wife and I had high paying jobs. Then the worldwide finance crises hit and I was made redundant. I poured my soul into a job I loved but was let go. I was annihilated. I swore to myself that I would never be put in an identical scenario again.
I decided to hunt down a new path to creating my own cash flow so I never had to rely on a job. I realized had I continued on my cash flow positive investment trail I most likely would not have to work again. Fortunately , the coaching I received to analyze appraise assorted property development deals in my job was the best coaching any person could receive.
Once more I considered property deals but this time for myself. Unfortunately I couldn't find any that assured the cash flow positive returns I was seeking. Then I discovered an asset sector known as "management rights". I was familiar with them but had never studied the returns in any serious detail. I liked what I discovered.
A management rights asset is a compound business that fuses property investment abilities with business operational skills which makes the asset group extraordinarily lucrative for successful operators. A management rights asset is a business attached to newer residential developments and it has 2 elements. First off, the owner of the management rights has the right to run an estate agency from on-site, and secondly is paid to undertake the care taking obligations for the residential complex. These 2 functions are established and protected pursuant to a management rights agreement with all the owners within the residential project. Not only is the management rights owner paid a care taking fee, but also earns commissions on the letting and sale of properties in the development. Accordingly, an operator can earn substantial revenue while operating the business, but by making improvements to the revenue, one can earn a substantial capital gain when the business is sold.
My property investments were tracking well and then life circumstances got more complicated. I got married. I fought the resistance to purchase a principal place of residence choosing to buy investment properties only and renting. I finally gave in to my bride and purchased a principal place of residence which was fine as both my wife and I had high paying jobs. Then the worldwide finance crises hit and I was made redundant. I poured my soul into a job I loved but was let go. I was annihilated. I swore to myself that I would never be put in an identical scenario again.
I decided to hunt down a new path to creating my own cash flow so I never had to rely on a job. I realized had I continued on my cash flow positive investment trail I most likely would not have to work again. Fortunately , the coaching I received to analyze appraise assorted property development deals in my job was the best coaching any person could receive.
Once more I considered property deals but this time for myself. Unfortunately I couldn't find any that assured the cash flow positive returns I was seeking. Then I discovered an asset sector known as "management rights". I was familiar with them but had never studied the returns in any serious detail. I liked what I discovered.
A management rights asset is a compound business that fuses property investment abilities with business operational skills which makes the asset group extraordinarily lucrative for successful operators. A management rights asset is a business attached to newer residential developments and it has 2 elements. First off, the owner of the management rights has the right to run an estate agency from on-site, and secondly is paid to undertake the care taking obligations for the residential complex. These 2 functions are established and protected pursuant to a management rights agreement with all the owners within the residential project. Not only is the management rights owner paid a care taking fee, but also earns commissions on the letting and sale of properties in the development. Accordingly, an operator can earn substantial revenue while operating the business, but by making improvements to the revenue, one can earn a substantial capital gain when the business is sold.
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