No, it's a demonstration of how ignoring cashflow can destroy hi

来源: miat42 于 2008-11-20 17:28:01 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (354 bytes)

His obvious mistakes are buying 5 lands in Arkansas with zero income. He appears to own more than one piece of land in Washington. Very probably he owns about 7 piece of zero-income producing land.

This is not investing, this is madness. Real estate investing is not a problem. Investing madly like him with no regard to risk is a big problem.

所有跟帖： 

• Too bad, he can't get on line now -mm48- ♂ 给 mm48 发送悄悄话 (456 bytes) () 11/20/2008 postreply 17:49:58

• Do you think you can get a penny out of a vacant land? -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (588 bytes) () 11/20/2008 postreply 17:58:07

• what if his wife started to cry or blame him hearing he was fire -youaresmart- ♂ 给 youaresmart 发送悄悄话 youaresmart 的博客首页 (27 bytes) () 11/20/2008 postreply 18:18:26

• You must not have married to say that. Women are mostly -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (241 bytes) () 11/20/2008 postreply 18:28:20

• really? where did you find that he has only vacant land? -skyport- ♂ 给 skyport 发送悄悄话 (795 bytes) () 11/20/2008 postreply 20:16:22

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