Welcome to episode nine of the W.I.R.E.D. podcast. Host Nick Smith discusses real estate development and its impact on wealth for individuals, families, and communities. He advises listeners to evaluate potential deals thoroughly and emphasizes the importance of conducting proper research and due diligence, including obtaining written information from local municipalities.
Nick highlights the significance of considering the risk versus reward factor when analyzing real estate deals. He shares his experience of walking away from a project due to unforeseen complications, emphasizing the importance of assessing the worth of time and resources invested.
Lastly, Nick advises listeners to trust their instincts when evaluating deals. He advocates for acting gracefully and with integrity when dealing with sellers, even if a deal doesn't go through, as it can impact future opportunities and relationships.
Welcome to episode nine of the W.I.R.E.D. podcast. Host Nick Smith discusses real estate development and its impact on wealth for individuals, families, and communities. He advises listeners to evaluate potential deals thoroughly and emphasizes the importance of conducting proper research and due diligence, including obtaining written information from local municipalities.
Nick highlights the significance of considering the risk versus reward factor when analyzing real estate deals. He shares his experience of walking away from a project due to unforeseen complications, emphasizing the importance of assessing the worth of time and resources invested.
Lastly, Nick advises listeners to trust their instincts when evaluating deals. He advocates for acting gracefully and with integrity when dealing with sellers, even if a deal doesn't go through, as it can impact future opportunities and relationships.