calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We had been making some smaller real estate loans - $10-$30k - and really were feeling we had a handle on them. Decided to step up and loan $90k through a group in downtown Portland. Fancy offices, big table, half a dozen professionals and experts in suits. These people had the skills! We didn't have the money secured by first mortgages, just a cheesy contract with the company principals. Within a year the group folded up and vanished with most of our money - think we collected about $10k in interest, so a $80k loss.
Our lost opportunities have been far greater - several places in Prescott that have more than quadrupled in value since 2010, the small airbase in Condon Oregon that just would have been cool to own, plenty of places that would have required a serious stretch but would have/could have paid off handsomely. "Regrets, I've had a few. But then again, too few to mention."
Our lost opportunities have been far greater - several places in Prescott that have more than quadrupled in value since 2010, the small airbase in Condon Oregon that just would have been cool to own, plenty of places that would have required a serious stretch but would have/could have paid off handsomely. "Regrets, I've had a few. But then again, too few to mention."