Benedette Diaferia
👤 SpeakerAppearances Over Time
Podcast Appearances
You have a successful restaurant, right?
You bring in water.
Then you raise your rent to the roof.
Oh, yeah.
If you're doing 60, then what are you going to do?
Relocate after you put 100,000 into that beautiful restaurant?
You don't have to want to do that.
My suggestion is to get a group of people together, do an LLC partnership, buy the building, have a piece.
With the contingency, then you have to have a decent lease between you and the building.
The building appreciates, probably rentals on top.
You make the right deal.
And that way, when you have your restaurant, and you can even give them a piece of the restaurant, they'll be able to invest in you.
You'll succeed and you can stay, you'll have longevity there.
That's the way to succeed in your restaurant.
Now, that's not a change in the tax law, that's a change in the world law, right?
That's the way the world is.