The Music is in the Man

In my early twenties, I thought that to be successful, I must look successful.  I bought a Porsche, a gold Rolex watch and some Brooks Brothers suits.  Dean Kates, who was my mentor back then, told me the following story to help me understand that greatness comes from...

Are You a Butterfly or a Caterpillar?

It can be argued that a butterfly and a caterpillar are one and the same.  OK, maybe they are – but not at the same time!  It’s one or the other – but not both!  So, which are you? As real estate investors, we all start off the same – as caterpillars.  We just know...

Debt is a Cancer!

On April 15, 2011, the Feds closed Bartow County Bank.  It’s the third local bank to fail since the real estate bubble popped in 2006.  And this isn’t just a local thing.  The big boys have also been dropping like flies:  LaSalle, Bear Stearns, Merrill Lynch,...

Is a “Terrible” Deal Really So Terrible?

Just talked to a new real estate investor who, because he’s petrified of doing a bad deal, can’t muster up the courage to meet with sellers.  Why not?  What if a seller accepts his offer? Lions and tigers and bears, oh my! Don’t laugh.  Most real estate investors feel...

What Box?

In the early 2000s, I was trying – unsuccessfully – to structure a deal that involved an inherited property with four out-of-town heirs.  My offer had nine moving parts.  If presented, because there were so many moving parts, I was sure the sellers would turn down my...
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