I have lived on the first floor of homes since I was born. My parents both had an aversion to living in a multi-story structure. I, on the other hand, enjoy being on the top floor. I do not know how they can have such an aversion to heights and have me who enjoys it. When I told them that my wife and I bought a PARC Life EC, they were not surprised. They both work in tall buildings, and they get through that okay. They just both say that anything over two stories is not for them as far as having a place to live. They admit that in Singapore this has limited their choices on where they can live quite a bit as most of the island is urbanized. They like suburban living in smaller single-story homes. I like the top floor. Read More
I did not really know anything about Denver real estate when I started out. In fact I basically got this job because my Dad had an old Ford pick up truck that he lets me drive. It is a beat up old thing that is fifteen years old, but it has a rebuilt V8 in it and it works really good at doing the stuff that you want a truck to do. Basically I started out helping them to gut old houses and then I would carry off the debris that we created. I have started to think about this as something where I should be paying attention and trying to figure out what makes the most sense when it comes to what this guy is doing. Obviously he is doing the same thing as you see people on TV doing, he is buying houses for cheap and trying to fix them up and sell them for a profit.
That is not as simple as it sounds and I am sure a lot of people find that out when they try to do it without knowing all of the angles. The important thing is to have the ability to fix stuff and the knowledge to know when you should walk away from a deal. Some of the time there just is not a chance that you can turn a profit on a house and you have to be able to figure that out before you get in over your head. This is the sort of thing where a fool and his money could go in two completely different ways, but a wise man could miscalculate in the same situation. You do not have to be wrong by much for it to turn into a real quagmire to tell the truth about it.