Ok, minimal quotes.
How many properties did you investigate before deciding?
I ask since many readers will see only this example and not understand the magnitude of the risk involved or research required. If you didn't do much of either, you got lucky.
I only ever hired one management company out of sheer necessity and was offered 8%. Talked them down to 5% since they didn't need to do anything except collect a check (it was a managed condo; I was already paying HOA dues and maintenance was taken care of). They agreed. For the rates you are paying you'd better be getting a personal concierge. Even though you own the place outright, that's money walking out the door.
And after nearly ten years you still have the same carpets? Ew... I guess people are not picky in Irvine.
What languages do you speak?
That makes all the difference as the average white dude wouldn't be able to credibly negotiate with SEA country people even if he were fluent in the language.
Microfinance is what NGOs will get involved with in poor countries. Small businessmen who may borrow thirty bucks a week can't get loans from regular banks, so microfinance people step in to help. It makes peanuts but greases the wheels of entrepreneurship at the low levels. If you're into making money there it's not worth it, which is why I wondered about profitability for you and your asian food cart racket.
Several SEA destinations + with your home base in California = high travel costs = smaller margin
You must be making a killing on those cheap Chinese goods. The only way to get a deal on inventory is to speak the language, and even then you're risking a rip off. Readers need to understand that.
And totally agree on the Chinese turning into money-obsessed animals versus their past history of impressive culture. Not the same place since pre-Mao. Sad.
"Customs don't really care too much as long as it is not electronics.
Yeah they do. When you get caught by them over even a small lie, they log it and it follows you. I recommend avoiding stuff like that - especially if you're Chinese and travel to and fro the region a lot. You're already being screened more than I would.
Cut your damned finger nails and it will get easier. Gross...
If you could do me a favor and not quote me so that I don't have to quote you back that would be great. It is killing my fingers! Cheers.
- Goddammit, Just realized he got banned; won't get any further with this line of inquiry.
Something just didn't add up with the bouncing around to shake down hot dog vendors & rental empire lifestyle, at least not with those overhead/travel expenses.
i Want to know your guys opinion about PUA business ? focusing in one city
Forget about it - done to death everywhere. You're about ten years too late. What can you do that's not being done well, already?