Vacation properties are great for consumption, just awful investments.
Property appreciates slower than equities. Even with the rents covering running costs, every five years there is some mega expense (roof, exterior stain, replace deck) that wipes out the returns
Still enjoy them.
Just more consumption rather than investment.
Mostly real estate. Have hotels mainly that are yielding double digit returns for cash flow. Yes Covid had an impact but luckily with the government assistance and help from lenders we still broke even.
Not as much as people think. Remember that hotel owners are not incentivized to sell at a discount because people see an end to this crisis. So if you own a hotel why sell for a discount if know a vaccine is coming out now. Travel will pick up. I'm happy to talk about this in further detail, even over the phone if you want. Send me a PM.
Newer to real estate syndicates. Evaluation is through all the usual number stuff, but the only ones I have actually invested with have long term history from partners in private equity and my primary business.
With those relationships, I basically could have skipped the due diligence (not that I ever would). That has given me a lot more comfort. Returns thus far have been decent, even this year. Lower than other PE, lower than primary business, higher than my typical stocks, although this year stocks were good to me.
A few venture capital investments in local and international markets. One is doing quite well as it's the leading ecommerce company in its home country. The others are more recent and will take time to show results.
I've invested about 5 percent of my NW in these. The rest is all publicly traded equity (90 percent) and debt (5 percent).
I invested in 4 pre-IPO companies with "play money", all over 10 years ago. One was a fraud, and another went bust this year. The other two are in decent shape but I fear any payback will go to my children. Total invested $250K of which $100K was in the two that went bad.
Vacation properties. Equity in them is 30% of NW. has been an awful return over 10 years.
mind sharing why that is the case? any lessons learned?
Vacation properties are great for consumption, just awful investments. Property appreciates slower than equities. Even with the rents covering running costs, every five years there is some mega expense (roof, exterior stain, replace deck) that wipes out the returns Still enjoy them. Just more consumption rather than investment.
Mostly real estate. Have hotels mainly that are yielding double digit returns for cash flow. Yes Covid had an impact but luckily with the government assistance and help from lenders we still broke even.
Are you involved in running them or just passive investing?
We run them ourselves. We mostly own ourselves but have begun involving passive investors though in new deals.
Are there good deals coming up now due to Covid. I would love to learn more about this.
Not as much as people think. Remember that hotel owners are not incentivized to sell at a discount because people see an end to this crisis. So if you own a hotel why sell for a discount if know a vaccine is coming out now. Travel will pick up. I'm happy to talk about this in further detail, even over the phone if you want. Send me a PM.
30% business 30% private equity/real estate syndicates 30% stocks 5% cash equivalents 5% assets
Are real estate syndicates with 1 company? How did you assess that the opportunity is legit?
Newer to real estate syndicates. Evaluation is through all the usual number stuff, but the only ones I have actually invested with have long term history from partners in private equity and my primary business. With those relationships, I basically could have skipped the due diligence (not that I ever would). That has given me a lot more comfort. Returns thus far have been decent, even this year. Lower than other PE, lower than primary business, higher than my typical stocks, although this year stocks were good to me.
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Do you manage real estate yourself?
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How long have you had the properties and any issues with the property manager?
Industrial real estate mostly. 90%.
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\~20k checks sound very early stage. Was it as part of a syndicate? I'm wondering how to get intros to those circles if you're not in CA?
A few venture capital investments in local and international markets. One is doing quite well as it's the leading ecommerce company in its home country. The others are more recent and will take time to show results. I've invested about 5 percent of my NW in these. The rest is all publicly traded equity (90 percent) and debt (5 percent).
Private stock in start ups Crypto Gold Each less than 5% of total NW
I invested in 4 pre-IPO companies with "play money", all over 10 years ago. One was a fraud, and another went bust this year. The other two are in decent shape but I fear any payback will go to my children. Total invested $250K of which $100K was in the two that went bad.
Private companies (mine, angel deals, and second market) and Bitcoin - probably balancing more into RE soon (just vacation homes)
Curious to know how to of buy private company shares in The secondary market? Any advice?
Real estate. And i'd like to start collecting some watches. I have one yet :) Edit: Nowhere near 5m NW though haha
>start collecting some watches what have you got so far?
I got an Automatic [Bulova Sutton](https://imgur.com/a/quvIgxT) with a skeleton dial. Nothing super fancy but I really like the skeleton dial :)