[lively-kernel] Lesson from Real Estate
philmaker at gmail.com
Tue Sep 14 06:01:31 CEST 2010
I attended a real estate seminar this weekend. The speaker gave an example
of a distressed property. The new owner purchased an apartment complex and
renovated for over a year to great extremes. Build it and they will come.
When the new owner finally re-opened the property, occupancy never
materialized and the rate of return was negative. This property owner was
not a traditional real estate broker. This property owner was an engineer.
I also learned much about cash flow this weekend. If anyone would like to
discuss cash flow and the Lively Kernel, please chat me up.
On Fri, Jul 16, 2010 at 9:15 PM, Philip Weaver <philmaker at gmail.com> wrote:
> If no member of this mailing list is exploring any degree of funding to
> help propel this project, then that is a great tragedy.
> There are approximately 110 people on these lists. This issue does not fall
> to Jens or Dan or Robert. I will allow myself to be challenged and I will
> welcome the challenge. If no member of this mailing list is exploring any
> degree of funding to help propel this project or some derivative then that
> is a great tragedy.
> I will email each of you individually if necessary.
> Philip Weaver
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