And within the Land of Smiles, the story of a once homeless man who became a billionaire unfolds. He built several real estate companies in Phuket and now owns 19 companies under the company name Blue Horizon Developments and has over 250 employees[6]. However, full cash payment on properties is always an advantage. Though it did not happen overnight, today he now runs over 19 companies, employs over 250 people and is one of the largest real estate developers in Thailand. What is nice about rental income is that your cash flow keeps pace with inflation. He has only just begun his journey and continues to apply the lessons he learned in The Secret, only to see more prominent and significant results. Andres Pira uses 18 principles to achieve success in life. His current net worth is estimated to be THB 2 billion (US$65 million)[5]. Of course, you need to critically evaluate your strategy, the specific deal, terms of loan, and cash payment. Entrepreneur, Author, Billionaire, & Life, “From Homeless to Billionaire –The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity will give you practical insights on tackling success and failure, how to give freely to activate positive vibrations, why passion and joy are key to personal and professional success, and how to be a calculated risk taker and convert problems into opportunities. It provides a tax deduction that lowers your tax liability, which often means more money that you can reuse to buy more properties, pay back your bank loans, pay for upkeep, or anything else you want to spend on! Getting a mortgage or borrowed financial capital to buy a rental property gives you leverage that you can use to invest in more properties (and different types of properties to spread your risk) with less money down. published : He is always looking for the right people to create joint venture opportunities and real estate investments with, if they share his spirit of fun and luxury combined with a desire to give back. You will learn how to implement and practice these principles with clarity and ease to unlock your full potential and obtain the accomplishments you desire. In his book, Homeless to Billionaire, you can discover the secret to how Andres grew his enterprise without a bed to sleep on. By subscribing, you accept the terms and conditions in our, ©2020 Bangkok Post Public Company Limited, Words of wisdom with real estate tycoon andres pira: Why investing in real estate is better than stocks. I have purchased less than 5% of the properties I have looked at in the last 12 months. Image Credit: Courtesy of Andres Pira Pira’s story came full circle when he met Dr. Vitale, who had appeared in “The Secret,” a documentary based on the book that changed Pira’s life. That wipes out possible gains in an already efficient market where bargains are rare. He has 4 siblings, one of whom is the Swedish rapper Linda Pira. Depreciation is one of the major tax advantages most investors have heard of. Pira and his group of companies have a net worth of over THB 2 billion (US$65 million)[5]. It is common for sellers to believe their property is worth more than the market value. His Blue Horizon Thailand, is a Phuket-based development company with award-winning projects such as Grand Himalai & Himalai Oceanfront, The Beach Front, Skylight Villas, Signature Villas, and plenty more. It’s really a million-dollar debate on which is better, real estate or stocks? Here in Thailand, a rags-to-riches Andres Pira, CEO of Blue Horizon Thailand, with more than 15+ years of real estate experience and 19 companies under his portfolio, has his say on how real estate has made him a billionaire and stocks did not. Individual investors tend to buy and sell at exactly the wrong times. 3. Andres Pira © 2020 | All Rights Reserved. Billionaires son who has his own jet and thinks homeless people You can also line up a big cash payday by buying a “distressed” or foreclosed property below the market value. Andres Pira came to Thailand at 20 years old, became homeless on a beach, but went onto gain a net worth of over 2 billion THB by the age of 35 through real estate. He did not pursue a higher education. That is unlike the stock market, where the risk typically stays the same year after year. Blue Horizon Thailand signature project Grand Himalai is a 900 Million THB development is pictured above. Welcome to EverybodyWiki ! Pira became a multimillionaire by the time he was 28 and a billionaire at the age of 32. What real estate investors appreciate is the fact that you are depreciating an asset that does not often lose value. They do not know what repairs are needed or what renovations construction costs. Your investment provides steady cash flow, and residential or resort-managed properties typically always increase in value, providing capital appreciation,” comments Andres. NEW YORK, May 7, 2019 /PRNewswire/ — Andres Pira, CEO of Blue Horizon Developments, today announced the publication of his new book, Homeless to Billionaire: The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity (available now).This title is published with ForbesBooks, the exclusive business book publishing imprint of Forbes.
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