This was a lot of fun. The great folks at our bank, the National City branch at Maple and Lahser in Bloomfield Hills, hosted it. I’ll post pictures later
It’s long. It’s boring. and it’s really, really dry. But I love it because it means I’m buying another apartment building! Great Lakes Investment Fund 1 is full – Fund 2 will be getting started shortly – watch this space!
What’s the first thing that a deal partner or investor is going to ask you when you pitch them on a project? “How am I going to get my money back.” So that makes your exit strategy the key to your proposal.
I’m putting together a required reading list for the kids. I have three or four in mind – which one do you suggest?
This is a follow up to the post I did yesterday on the necessity of having rental properties if you have a day job and don’t get all the Federal and State income taxes back that you pay. I buy another cash flow property with my windfall. Think about what doing the same thing over the course of several years could do for your retirement – and your legacy?