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Old Sep 21st, 2007, 09:08 PM   #15 (permalink)
yveskleinsky
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Default Re: How to develop your PLAN
I was thinking today about focus, and had to laugh because I feel for the first time in my life I do have focus! (Even though according to everyone else I don't.) I suppose my core values boil down to wanting to own my time. I don't want a business that consumes 40 hours a week- on a consistent basis. When I had the restaurant I was there all the time because I loved it. I love the service industry, as long as it is 9-5. I don't like property mgmt so much as I dread it when my phone rings. ...not good.

I like to get plates spinning and then passed off to other people.

...I just got back from dinner with WildAmbitions, and I realized that my focus needs to be on apartment buildings. I love everything about them. My concerns (excuses?) are that I don't know enough about how to create value, how to get a good purchase price, how much money I would need to have in reserves, etc. Then I was thinking that maybe I should start smaller (4+ units) to get my feet wet. Is this thinking on track or should I focus on jumping into an apartment deal?

Last edited by yveskleinsky; Sep 21st, 2007 at 10:46 PM. Reason: More thoughts
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