"Renting out space is egotistical, and should never be done unless you're holding onto the property"
["How so?"]
You edited my quote. We hold onto the property so the market value increases. Some cases it can go up 100k more or less depending on location.
There's more money in flipping homes than in renting them out. Virtually renting out space takes years before it becomes profitable, in that time the owner could have bought and sold multiple properties, resulting in higher gains and better equity.
Someone I know went the route of mortgaging and renting out multiple properties, it'll take her years to see a profit and she's struggling with incredibly high taxes because of this. It's her dream to rent out multiple spaces. This is vanity as opposed to profitable. When everything is paid off in 30 years, she'll then start making money, and it would still be better to sell them off for a spike in income and market homes for proper income. It's common sense.
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"A woman will hold you back. Same with needy friends. Surrounding yourself with them will be so taxing, you'll only really get along with folks with similar status than you. "
["Things like this make me doubt you've ever had a real friendship or relationship Tony. No wonder people only think of using you, since you're an unpleasant company and annoying personality. Speaking of company, didn't your brother's gold plating company crash and burn? Maybe you should have saved the money making advice for him."]
Well Ed, we're talking about the road to riches, and it doesn't mean the subject has time to go off focus. Even when they pull their own weight, women are expensive and time consuming. The self made millionaire typically has stories of severed relationships, or rocky ones due to the work routines required for success. Often does over working destroy relationships, and any entrepreneur book, even a government one, will stress how you will loose people when starting business. And it's true.
I never told you about my brother's business, and I don't know where you got the idea of it going tits up. That company is older than you are Ed, and it'll never be important what you think about it.