According to McPherson, “a partnership is a bridge with people working together to get from here to there. But because people change and businesses evolve, a partnership is a temporary arrangement— even if it lasts thirty years.”The critical element for these two founders is their vision. “The two most devastating events in a person’s life,” [...]
Archive for the ‘money management’ Category
Generating income with proper credit solutions
In the course of this series of articles, we have seen that bond returns not only show significant deviations from a normal distribution, but also that they are correlated across time. This is an important observation in the context of long-term investments, because mean reversion of the performance of an asset class lowers its risk [...]
Becoming emotionally involved in a credit
I walk away from most deals at this critical point. I make this statement because by now most people are emotionally involved in the property and the process and are reluctant to say no go to a deal. It takes me about thirty minutes to do the Five Step Property Valuation process once I have [...]
Find out your actual credit profit
The very last step is to find out your actual profit by subtracting your loan payment from your projected net operating income. Using the net operating income of $22,368 and subtracting the loan payment of $20,010, the projected profit on this property is $2,358. Is that good or bad? Well here’s how you know. You [...]