I was listening to one of the talking heads over the weekend on one of the paid programming financial shows. His advice to everyone in 2010? Do nothing. Use the year for “planning”. In this time of unprecedented opportunity, all that’s all this guy can come up with?
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As a follow up, during my long sit down on Friday we talked about various aspects of commercial real estate. He asked about what I had done, then suggested a course of action that blew me away.
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From the Mt Clemens apartment project on Friday to my Set and Forget Rental Property Bootcamp this weekend to a meeting with a new partner last night – this is the time of year when things really heat up. And it’s a lot of fun.
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The news is all good regarding this project. The partnership is full, and I actually had more people express an interest than I could accommodate. The bank is actually anxious to work with us because as the Managing Partner I’m local AND I have experience as an apartment owner and operator.
The financing process will be interesting since non-recourse financing is no longer available.
If youd like to get on my email list to hear about the future projects (there may be another one coming up later this month) then send me your email address via FB inbox or email.
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I came to appreciate the value of hard work very late – and now I’m playing catch-up. Our goal with the kids was to make sure that didn’t happen. So we’re instilling the value of work while they’re young.
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This a textbook example of what results from poor tenant screening. How would you like to have to clean this up?
I don’t. And I don’t have to with the tenants that my screening process yields. Hat tip to the prior owner of my building to renting to this dirtbag over my objection.
I stopped asking myself years ago how people can live like this.
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He chucked his corporate job yesterday to follow his passion.
Congrats Danny and I look forward to following your success.
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