How did you find this property? Real estate agent. How did you fund this property? 80% from bank, 20% from seller. How are you going to farm this property? Cash flow, equity increase, discounted seller’s note and paid off. How are you going to spend the profits from this property? Improvements to property to reduce expenses and increase cash flow. What does this success mean to you? Number two. Hey, this is getting to be fun. I underestimated expenses, cash flow is negative. Hey, I can pull some equity and fix the problem. Now cash flow is positive.
~ Tuesday, October 21, 2003
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