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 <[email protected]> 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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