Week 7 – 2019

Goal

Learn, CREATE, Share: too much learning – only 30 mins max for reading and researching, focus All efforts on Creating for this semester

  1. Business: create business that provide value to others and develop people
  2. Life: Reduce sleep time, increase awake and optimal time
  3. IT: TDD development and mobile development

Celebrate

  1. Property
    1. Realty
      1. Closing: 1
      1. Prospect:
        1. Almost: 3 (apt. St moritz, warehouse, townhouse)
        1. Traffic: 3,6k (from 3,5k)
        1. Ads Spending: 1,5m from 1,5m
      1. Business Development
      1. Met with Muamalat Bank’s Asset Recovery officer
    IT
  1. Fix relationship with client
    Trading
  1. TDD for EA completed

Learn

  1. Property
    1. Realty
      1. Use the rule of law ideological explanation for ensuring client’s about safety of foreclosed property
      Better focus on higher income audience resulted in better ROI in ads spending, and conversion rate.
      Partner’s network already run deep.
      Agent’s main role is to match supply and demand.
      Focus on high & medium networth
    Rental
  1. Using SweetHome to create 3d layout for construction
    Financing
  1. Back to Back is only usefull for unused funds within BEP ratio, else it will resulted in more cost without any benefit
    IT
  1. MQL Unit testing library

Trading

  1. Multi phase state concept for action execution

Fail

  1. Property
    1. Implement CRM: not enough time allocated
  2. IT
    1. Survey site: not enough time allocated
  3. Trading
    1. Complete the EA: not enough time allocated

Mostly done because not allocating time, or get distracted / lethargic of property realty uncertainties

  1. All or nothing: prospects are abundant, can work on that
  2. Mind Reading: hearsay are minorly useful and unactionable tend to apathy
  3. Catasthropy: switch anytime is possible, why fret?

Outcome

  1. Property
    1. CRM Implementation
      1. Prospect database and their profiles
      1. Forwarding between numbers
      1. PIN for validated users
    1. Sales funnel
    1. Distinct between show and call
    1. Draft of Explanation about auction and positioning
    1. Permits
    1. Talk to tax consultant: send income schema first
    1. Rental
    1. Montior for renovation
    1. Talk to contractor
  • IT

    1. Quotation for implementing upgrades
    2. New schedules and confirmation with all related parties

    Trading

    1. Finish up coding

    Self: Better stamina

    1. Dry fasting 20/4 for 1 day using peel
    2. Start getting in gym and workout at least 30 minutes

    Todo

    1. Property
      1. Realty
        1. Internal
          1. CRM
            1. Picky Assist
          1. Permits and Tax
        Rental
  • IT
    1. Putusan
      1. Meeting
    1. New Project
    1. Survey
  • Advertisements

    Dysfunctional Thoughts: 20181129 – Not getting what I want – Petty or Rational

    Situation

    A business opportunity appear, the options are whether to use my skill to create my own division or to provide the skills as a good will into the partner but might reduce my competitive advantage compares to other partners.

    Though the partner is such open minded and gave several low hanging opportunities which are I am grateful for them.

    Pre – Emotion

    1. Doubt 70%
    2. Guilt 30%
    3. FOMO 90%

    Automatic Thoughts

    1. If I gave them freely this will affect my next opportunity in the future especially the online sphere (fortune telling)
    2. What will I get if the competitive advantage are given to them (all or nothing)
    3. This opportunity get resolved then it wont came back anymore
    4. I should charge this a fortune

    Rational Thoughts

    1. The next opportunities can be various, I can get others beside this, gaining inner access and knowledge are better
    2. Create stable solution require focus and hands on, so providing some help will always be limited whether in time or coverage

    Post -Emotion

    1. The issue is resolved, no further help required, so no further effort required

    Cope

    1. When in doubt, hold for a period of time
    2. Express willingness, doubt and reasons

    Property: Refining Opportunities Found

    Last week, my potential opportunities were

    1. property agent,
    2. property management and
    3. wholesaling

    This week after several discussions, I’m refining them

    1. Financing brokering and profit sharing the property purchased
      1. I was offered to manage the financing along with the property agent cooperation and I got the profit sharing for the property purchased by the financing round.
      2. There is also a possibility of me as the debtor, but
        1. My credibility is currently very low in this field and track record belong to HQ
          1. Prevent Plan
            1. Joint venture with HQ
              1. Using HQ for few first transaction
              2. Rely solely on the guaranteed asset
        2. What asset to be offered as guarantee?
          1. Prevent plan:
            1. Using the bought asset – delay between money received and asset handover
            2. Using my other asset – not enough,
            3. Using HQ asset – are they willing? But they are the main benefactor of the money
        3. How will the money flow, from investor to me and then to HQ? What happen if default or problem in payment? Due to increased cost or buyer delay
          1. Prevent plan
            1. Transaction on my behalf, so the money flow stop on me.
            2. secondary payment plan: other business or other transaction
          2. Fix plan
            1. Partial payment
            2. Release the cessie to investor – require HQ or Cessie on my behalf
    2. Property agent
      1. Selling all the listing from HQ
    3. Joint venture to manage commercial spot
      1. Cost and revenue sharing for the property and renovation

    Right now, I’m focusing on the financing option because this can immediately made be directly involved within their transactions and gain substantial amount from profit sharing and using other people money. The pool of potential investors are also can be explored further. Several offers

    1. The fast 1,5 millions under 1 month
    2. The medium 180k or 380k for 2 month
    3. The 10 million – unknown

    Updates: some information came up HQ might have some ‘money’ problem which might complicate investor, they prefer the investment with interest % rather than joint operation.

    Week 50

    GOAL

    1. Business
      1. 500 million Cashflow per month from 3 business units
        1. Property – Realty Agent: 200
        1. Property – Financing: 100
        1. Property – Rental Domestic: 200
      1. Build solid team and routines
        1. Sales
        1. Operation
        1. Development
    2. Personal
      1. Weight: 70
      1. Heart Beat: 70

    Celebrate

    1. Property
      1. Investor: none
      1. Realtor
        1. Site Visits: 1,3k (-8%)
        1. Web version 1.1 is completed and uploaded: better listing, searching, seo structure, event tracking
        1. inbound prospects: Bintaro, Tomang, 5+
        1. publish 356 listing (30+)
        1. potential of partnership with bank
        1. Create storyline for the tutorial
      1. Rental
        1. Meet and survey with 3 contractors
        1. choose contractor for renovation
    2. IT

    Lesson Learned

    1. Property
      1. Investor
        1. Creative scheme
          1. fundraising:
            1. development + buyback + repayment >>
            1. fixed payment for 4 years + profit sharing afterward
        1. I feel directed to this area
      1.  Realtor
        1. Schema for the tutorial
        1. New opportunity to become official agent for large banks
        1. Building Contractor team :
          1. There are marketplace site: good reviews contractor
          1. Speed, quality then cost or no hurry – low cost
          1. Met some contractor: prefer top of line or slow but sure
      1. Rental
        1. Opportunity lost: 3,6m / month ~ 2 months = 7m
    2. Self
      1. Gaining weight 1-2 kg
      1. For IT project: use agile board to list – prioritize – breakdown

    Failed

    1. Negotiation with TAF
      1. Cause: avoiding conflict
      1. Prevent: giving time can also cussion the pressure, though not too long
      1. Repair: contact and schedule

    OUTcome

    1. Property
      1. Realtor
        1. Get 30 inbound prospect
        1. Setup 3 ads campaign: listing based (FB & Google) using rating potential?
        1. Routine for Marketing: data +web > fb > insta > adwords, including if sold
        1. Better usability for mobile users
        1. Create tutorial for auction
      1. Rental
        1. Permit for B9
        1. Get Estimate for B9
        1. Get the business model for capsule hotel
      1. Commercial
        1. Find permit person
      1. Financing
        1. Put one opportunity using own site or on other P2p/Crowdfunding
    1. Trading
      1. Backtest version 1 released
    2.  IT
      1. SDP: negotiation
      1. Conversion started
    3. Health
      1. Mouthwash with HP

    TODO

    1. IT
      1. Putusan
        1. Contract with Miko: assign number
        1. Data Input: confirm MS, AR, AN
      1. SDP
        1. Proposal negotiation
    2. Property
      1. Realty
        1. Web: Refinement and Hot Deals
        1. Marketing Campaign
          1. FB Group, and instagram follower and GA monitor event
        1. Create manuals
        1. Create Tutorial for auction – make a routine
      1. Rental
        1. Contractor: payment, materials purchasing and schedule and monitoring system
        1. Estimate for B9
        1. Permit
        1. FU design and cost
        1. New Opportunity
          1. Kos – Hostel: Business Model
      1. Financing
        1. Meet with Propertree
      1. Refinance
        1. FU Insurance – Home
    3. Trading
      1. Setup backtest script
        1. Solve algorithm
        1. Start coding

    SCHEDULE

    1. Monday
    2. Tuesday
    3. Wednesday
    4. Thursday
    5. Friday
    6. Saturday
    7. Sunday

    Week 51:

    GOAL

    1. Business
      1. 500 million Cashflow per month from 3 business units
        1. Property – Realty Agent: 200
        2. Property – Financing: 100
        3. Property – Rental Domestic: 200
      2. Build solid team and routines
        1. Sales
        2. Operation
        3. Development
    2. Personal
      1. Weight: 70
      2. Heart Beat: 70

    CelebraTE

    1. Property
      1. Realtor
        1. Site Visits: 2,3k (+92%), breakout:  400 visits / day
        2. inbound prospects: Apartment, BSD houses, Jakarta Timur houses, Ruko Tangerang
        3. publish 348 listing (some sold)
        4. Web optimization: urls, information, data, search, contact events working
      2. Rental
        1. Setup layout for puncak, waiting for Cost estimation
        2. Most of materials purchased for renovation
        3. Survey for E3 renovation: steel structure idea > need expert on this
    2. IT
      1. Negotiate with TAF
    3. Trading
      1. Structure for test driven development started
    4. New Opportunity
      1. Selling fish: domestic and international

    Lesson Learned

    1. Property
      1. Realtor
        1. Risk of information in public (Important), possible of law suit
        2. Responsive ads performs better
      2. Rental
        1. Contractor communication should be firm
    2. Self
      1. For coding: require quiet spot to concentrate
      2. Fish Oil made me hungry
    3. Fishery:
      1. International market:
        1. Countries: US, Japan, China, Australia
        2. Products: Shrimp, Tuna varieties, Napoleon
        3. Business Model: + Logistic, Strong Partnership, Storage based
        4. Regulations: fishing, aquaculture, trading quota
        5. Issues: overfishing, consistent supply, fisherman knowledge

    Failed

    1. Completing the SEO campaign plan for Real estate
      1. Cause: fear of heavy lifting, felt no time – used for optimizing web, which is also critical due
      2. Prevent: just planning for next week
      3. Recover: planning for next week

    OUTcome

    1. Property
      1. Realtor
        1. Get 30 inbound prospect
      2. Rental
        1. Get the business model for capsule hotel
        2. Renovation Completion should be next week
      3. Commercial
        1. Find permit person
      4. Financing
        1. Find one opportunity on other P2p/Crowdfunding
    2. Trading
      1. Backtest version 1:  50%
    3.  IT
      1. Conversion started
    4. Health
      1. Mouthwash routine for HP
      2. Heart beat exercise
      3. teeth work

    TODO

    1. IT
      1. Putusan
        1. Contract
      2. SDP
        1. clean up
    2. Property
      1. Realty
        1. Web Setup: price comparison and some data + prospect information submission
        2. Setup wiki section for property
        3. Routine for Marketing: web > fb > insta > adwords, including if sold
        4. Setup 3 ads campaign: listing based (FB & Google) using rating potential? for this week only
        5. Training for data input
      2. Rental
        1. Business Model
        2. FU cost estimation
      3. Financing
        1. Meet with Propertree
        2. Create proposal for Propertree?
      4. Refinance
        1. FU Insurance – Home
    3. Trading
      1. Setup backtest script
        1. Solve algorithm
        2. Start coding
    4. Fishery
      1. Penawaran
      2. Cancel subscription for report

    SCHEDULE

    1. Monday
    2. Tuesday
    3. Wednesday
    4. Thursday
    5. Friday
    6. Saturday
    7. Sunday

    Week 46:

    GOAL

    1. Business
      1. 1 Billion Cashflow per month from 3 business units
      2. Build solid team and routines
    2. Personal
      1. Health

    CelebraTE

    1. Property
      1. Investor
        1. Meeting for prospect: though not suitable with the first investor profile
        2. Contacted 2 prospect investor
        3. Found another 2 online that might also work out
      2. Realtor
        1. Setup new platform for better data input and public interface: completed the db schema
        2. get 3 prospect buyer to build customer database
        3. publish 186 listing
        4. created draft of campaign for marketing
      3. Rental
        1. new plan for adding more units in the existing unit (lower cost + faster turnover + higher income – ROI 6 month to 1 year)
        2. survey for the roofing and choose the structure
      4. Commercial
        1. survey the location, though surprise problem pop out, still finding ways to pull through
      5. Financing
        1. 80% approval from comm bank
    2. IT
      1. Reviewed the dynamic profile db structure and finalised them
      2. The platform is ready and created some snippet

    Lesson Learned

    1. Property
      1. Investor
        1. Investor risk profile – it’s about matching the appetite with the food or wrapping them
        2. The involved and money master type
        3. The early selling for the assets under loan
      2. Realtor
        1. Network of agents and buyers based on location or demographic are crucial for delivering sales
        2. Will adjust marketing to this condition – key factor: finding them and provide relevant properties for them.
        3. Met with two realtors that have a network of buyers from their previous realtor business whom they offered the listing and got 5 deals within 2 months
      3. Rental
        1. intensification need to be explored
        2. the 1% – 2% rule for rental analysis
      4. Commercial
        1. Due diligence is a must – deal breaker factors are everywhere
      5. Financing
        1. None

    Failed

    1. Starting up the advertising
      1. Testing the copywriting
      2. Testing the channel, interest, location reach and response rate
    2. Meetup with more investors

    OUTcome

    1. Property
      1. Investor
        1. Meetup with 3 investors
      2. Realtor
        1. Reach 5k by 5 campaign variation
        2. Market 2 items to local realtor
        3. Switch platform – Import script for platform
        4. Payment for franchise fee
      3. Rental
        1. Get permission and start to renovate if possible
      4. Commercial
        1. Find solution
      5. Financing
        1. Signing and payment
    2. IT
      1. Complete the platform and snippets
      2. Clear tasks for DirPut
      3. Follow up handover?

    Test 20180919: Lowering Normal Heart Pulse Rate

    Title
    Finding Out What Lowering My Normal Heart Pulse Rate

    Due Date / Duration
    September 19 to …, 2018 / …

    Background
    1 week ago my normal heart pulse rate get to 72 / minutes, I’ve measured it several times, right and left arm, feeling good and full of energy. I’m curious what is causing it?

    1. Intermittent fasting? I’ve been doing it for several months and never felt that good.
    2. Orange Peel intake? I’ve been doing it for several weeks and never felt significant changes
    3. Hydrogen Peroxide (HP) experiments recently – to be exact a couple days before the heart rate decrease event?
      1. I did sprayed & washed with 3% HP for a couple of days, the dishes, walls, kitchen utensils, bathroom tiles.
      2. Mouthwash using 3% HP: combined with 15 minutes of oil pulling (mouth swishing) with Virgin Coconut Oil  and rinse with salt water.
      3. Spray 3% HP into mouth when inhaling.

    Though before the event, after taking HP, I experience the following

    1. slight fever after taking 3% HP, which some said was the HP oxidising toxins, the fever were light but noticeable and gone within a day.
    2. coughing slime, under 1200x microscope show a lot of air bubbles and some strands
    3. slime from the nose with a little blood after waking up
    4. brief pain on left foot finger, just a couple of seconds
    5. one of the most brownish urine
    6. urine smell like coffee – while not drinking them (my urine smells like coffee when I’m drinking which was normal for me, but not drinking them and smell them … hmm)
    7. urine PH of around 7 – using PH strip

    But then today I try to measure my heart rate, it was back at 81-82/minute – my previous normal. I thought that 70-72 is my new normal, but I’m mistaken, some of the things that happen before I’m measuring back

    1. Taken coffee – I had been not taking coffee for a week before starting HP and until the heart rate decline, but after that I take coffee + VCO in the morning and I didn’t feel well in the evening – jitter.
    2. back pain due to some back exercise
    3. and then due to back pain, I stop the mouth spray and mouthwash of HP – worried about too high PH that can cause muscle cramps – though not measuring my urine pH
    4. But just this morning after my back recovered (2 days recovery), I started mouthwash and mouth spray again and now as I writing this, my hear rate is 81-82
    5. 19 Nov 18:
      1. Last week I felt slight fever and felt inflammation in mouth and pressure in head,
      2. Several potential cause: fever after drinking HP in water, eating too many bread in morning and late night, too base
      3. After reviewing back this test, I plan to continue the test with HP
      4. I also frequently take beef liver, and haven’t taken orange peels for 1 months (possible non inflammation reliving intake)

    Step 1 – Hypothesis – Critical: 3
    I believe that Hydrogen Peroxide therapy increase blood circulation, lower heart pulse and provide better energy level

    Step 2 – Test – Cost: 1 – Reliability: 1 
    To verify, I will

    1. Test without HP
    2. HP 3% for mouthwash
    3. HP 3% for spray
    4. HP 3% in a 600 ml water for drinking

    Rules

    1. test will only use one type of HP Therapy
    2. between test will be given break period of 2 days,
    3. therapy done early in the morning before taking any food and doing intermittent fasting by skipping breakfast with taking in VCO 2 tbsp

    Step 3 – Metric – Time Required: 1
    And measure

    1. Blood Pressure Sys/Dia
    2. Heart Pulse
    3. General Health: Bad 1 – 5 Good
    4. Energy Level: Bad 1 – 5 Good
    5. Pressure in Head: Bad 1 – 5 Good/none (subjective, when something not good I felt pressure in head)

    Step 4 – Criteria

    I am right if at the end of the test

    1. Heart Pulse 70-73
    2. Energy Level > 3
    3. Pressure in Head Gone

    Step 5 – Observation – Reliability: 1

    I observed

    109 66 82-86

    Factor 1 2 3 4 5 6 7
    HP – Mouthwash  0 1 1 0 0 0
    HP – Mist  0 0 0 0 0 1
    HP – Drink  0 0 0 0 1 0
    BP – Sys   109 110 108 112 115 119
    BP – Dia  66 71 65 74 75 77
    Heart Pulse  82-86 75-81 85-89 71-75 75 70
    General Health  3 4 4 3 3 3
    Energy Level  4 4 4 3 2 3
    Pressure in Head  3 4 3 3 3 3
     Date 19/11/18 20/11/18 21/11/18 22/11/18 28/11/18 1/12

    Notes:

    1. Day 3 – 21/11:
      1. slight pressure in head
      2. very yellow urine
    2. Day 4 – 22/11:
      1. Heart pulse reduced to 71/75
      2. Mouthwash is enough? Very yellow urine is the first symptoms?
      3. Though I feel a little sleepy, might be due to taking a lot of rice (padang rice)
    3. Between 22 to 28
      1. Pulse rate climb up to 85-91
    4. 28/11:
      1. After drinking HP water,
      2. During morning, energy level is good
      3. the usual reaction: more brownish urine
      4. No fever
      5. Though felt sleepy and low energy in the evening
      6. Pulse rate is 75 in the evening after having a warm water bath
      7. During the day pulse rate is 83-87 (multiple times)
      8. Body felt slight acidity, taking 1/2 tsp baking soda + water in the evening
    5. 1/12
      1. HP in vaporizer – mist
      2. Usually induce napping and wake up feeling fresher
      3. Compared by taking in HP water, the effect of mist are better
      4. I’m also using it for flu symptoms in house and it stop the mild symptoms
      5. Pulse rate is also down to 70
      6. But in general health or energy level, I don’t notice any increase
      7. Taking in pine pollen, beef liver and adrenal cortex to speed up recovery after exercise

    Step 6 – Learnings and Insights – Action Required: 1

    From that I learned that

     

    Insights

    Step 7 – Decision and Actions

    Therefore, I will

    1.  

    Week 47:

    GOAL

    1. Business
      1. 500 million Cashflow per month from 3 business units
        1. Property – Realty Agent: 200
        2. Property – Rental Domestic: 50
        3. Property – Financing: 100
      2. Build solid team and routines
        1. Sales
        2. Operation
        3. Development
    2. Personal
      1. Weight: 70
      2. Heart Beat: 70

    CelebraTE

    1. Property
      1. Investor
        1. Meeting for prospect: not interested
        2. Potential Crowdfunding PA
      2. Realtor
        1. Run ads test in FB and Adwords, completed 5 test
        2. 6 inbound prospects (HS, PD1, PD2, WEB1, WEB2, WEB3)
        3. publish 256 listing
        4. connect with 2 local realtor (WR, AP)
      3. Rental
        1. permit acquired
        2. finish designing layout for rental
        3. survey for bunk bed layout
        4. create 5 variation of bed bunk construction
        5. idea for airport & truck mobile bunk bed rental
      4. Commercial
        1. report to partner
      5. Financing
        1. approval from maybank and first phase disbursement
        2. approval from comm bank
    2. IT
      1. meeting for SDP project handover
      2. set schedule for Putusan’s meeting

    Lesson Learned

    1. Property
      1. Investor
        1. Formal credential and planning to gain impression, especially big money
      2. Realtor
        1. Rumah wider audience than Ruko
        2. Location + Interest have higher CTR
        3. Challenge in explaining auction properties, seemed it require tutorial
      3. Rental
        1. Capsule hotel / hostel business model
      4. Financing
        1. Banks only deal with multifinance company
        2. We can approach this as business to be financed by banks or other multifinance
        3. Comm Bank: Asset + 6 months money lock up

    Failed

    1. Finished the web application for Real estate
    2. Meet only 1 out of 3 targeted

    OUTcome

    1. Property
      1. Realtor
        1. Define top 3 sales copy to be used everywhere
        2. Web Setup
        3. Routine for Marketing: web > fb > insta > adwords, including if sold
        4. Setup 3 ads campaign
        5. Get 30 inbound prospect
      2. Rental
        1. Start renovate C9
        2. Purchase the Digital Lock
        3. Get the business model for capsule hotel
        4. Alternative for cooler: crystal, multisplit
      3. Commercial
        1. Find permit person
      4. Financing
        1. Signing and payment
    2. IT
      1. Handover
      2. Conversion started

    Bigger Pocket: Financing

    Brandon and David

    1. Partnership
    2. Hard cash: 12% / year and 3k fee
    3. House Hack: live inside the property and lease (for beginner or first time investment). New idea is office space, lease unused floor (multi storied building)
    4. BRR Hack: Buy Rehab Rent and live in – without refinance and repeat (for beginner)

    BRRRR – Buy, Rehab, Rent, Refinance and Repeat

    The toolkit paradigm for finding deals, rental scheme, financing, exit, by combining the toolkit from

    Building reputation for ease of financing

    The refinancing part require some thoughts, cause the different rental ROI and mortage in here

    1. Rental under 3% – lower income
    2. Mortage max for 10 years and interest rate of 10% – higher mortage
    3. The solution is to switch the
      1. rental scheme: split unit, monthly, hourly, managed / serviced, commercial grade
      1. Mortgage: find secondary lending with higher interest but longer period, higher down payment
      1. The rule of thumb: Rental > Cost + Installment, simple but really require thinking at increasing rental and lowering installment + cost.

    Property from buying debt notes – cessie & Property management service

    Situation

    My last transaction in buying a property involved buying from a party that specialised in “cessie” – buying debt notes from failed mortgages. I got great price, around 65% of market price though there are some extra baggages to be handled.

    My interest in real estate was ignited by the Buy, Rehab, Rent, Refinance and Repeat plan that I heard from BiggerPockets, basically had short term money to buy, increase value of property, then rent, and refinance the upgraded property to get the short term money back and then repeat. For this case I got a good deal from the initial price 65%, and after renovation, my estimate of the property value will increase 3times the rehab cost or 1.5 times of total money spent and provide greater rent potential income.

    Furthermore I got my initial cash money back from refinancing my other property.

    I also stumbled on some opportunities:

    1. property management service for someone that had a lot of properties and want to convert them to monthly rental and
    2. property agent: resell cessie’s property.
    3. wholesaling: financing the cessie deal (buy, clear & sell)

    Thoughts

    1. Management Service
      1. Opportunity:
        1. scale the service for own and third party property
        1. partnership for building the rental and sell them as business
      1. Key factor
        1. Standardised service
        1. Location, market and coverage
        1. The numbers: cost of renovation, gross revenue, service revenue and net return
      1. Deal breaker
        1. Return not attractive for partners
        1. cost or service too large
      1. Potential problem: mitigation and fix
        1. The numbers
          1. Service revenue not adequate: small gross revenue and
            1. mitigation
              1. minimum unit or gross revenue
            1. fix
              1. setup service
              1. renovation service
          1. Require high initial cost for renovation to get enough unit/scale/revenue
            1. mitigation
              1. ratio for  renovation cost / m2 & monthly rental income / m2 for quick counting
            1. fix
              1. joint venture and cost sharing – low vacancy problem?
          1. location coverage/distance
            1. mitigation
              1. limit distance within 30 minutes
            1. fix
              1. local staff for coverage / distance
              1. provide transportation
              1. electronic monitoring
        1. Market:
          1. low rent,
          1. low demand,
          1. bad location,
          1. high competition
      1. 10X ideas:
        1. RedDoorz business model
        1. Partner for RedDoorz
        1. Partner for AirBnB, Airy, and others
        1. Franchise business model
        1. Rental takeover
    2. Property agent:
      1. Opportunity:
        1. Selling properties from the party that I bought from or other parties and gain commission, clearing the property is included by the party
      1. Key factor
        1. The buyer side
        1. Property type, price range and location
      1. Deal breaker
        1. None – just need to understand the property and potential buyer to approach
        1. Restriction for offering
      1. Potential problem:mitigation and fix
        1. Hard to find buyer and gain trust in cessie and auction
        1. Cash payment
      1. 10x
        1. Online service for crowdfunding or P2P
    3. Wholesaling
      1. Opportunity
        1. Buy, Clear and Sell the property
        1. Buy and Sell the property
        1. Financing referral
        1. Owner financing
      1. Key factor
        1. Capital & margin
        1. Turnover
      1. Deal breaker
      1. Potential Problem: mitigation and fix
        1. Legal hurdles
        1. Operation hurdles
        1. Long turnover
        1. Low supply from banks
      1. 10x
        1. Multifinance