'You say no to everything!'
Updated: Nov 25, 2021
‘You say no to EVERYTHING!’ said @JohnHoward to me while we were filming Property Elevator 😅
Recently I’ve been talking about my particular approach to risk, and why some ‘decent-looking’ deals still don’t make me bite 🍔
In summary, here’s why:
The downside is not worth the extra few percent projected return.
Well, there’s more:
➡️ They don’t have a proper EXIT strategy. No viable plan B. Or C.
➡️ There’s major risk they haven’t analysed.
➡️ They’ve overblown the potential, and I can tell.
I’m going to be breaking this down more over the coming weeks with examples and hopefully shift some of the perspectives around risk.
Not so I can prick property developers’ bubbles 🎈🔫 (well only some of them!) but so people RAISE THEIR STANDARDS of what a good project really is, and have a better experience 🤩
I also go into our risk profile and what it means in Property Investor News, coming out next week. It has to do with the brain 🧠🗯
What is your bottom-line attitude to risk? How much risk is worth it?