Investing vs. Other Games: How We Keep Score Matters

In Bill Brewster’s (on Twitter @BillBrewsterSCG) interview with Adam Robinson (on Twitter @IAmAdamRobinson),  Robinson distinguishes between two types of games.  These are Games that you should play to win andGames that you should play not to lose Initially, I thought...

A Burnt Out Mixed Use Building, Another CRE Cigar Butt

Mac was the first GC that we brought to our 2nd Street project.  He started years earlier in the trades as a framer and had gone on to build hundreds of homes in his career as a GC.  When we arrived, Mac pried the plywood covering off the door frame and peaked into...
Making Markets…in Senior Community Condos

Making Markets…in Senior Community Condos

Today, in January 2020, we are in a market with a lot of skinny deals. Thin margins with a lot of hope embedded in the purchase prices are common. Liquidity is abundant meaning you rarely get paid for providing it. This is one reason why I’m sourcing performing...
Trading Cigar Butts & Deferring Taxes

Trading Cigar Butts & Deferring Taxes

Show a little faith, there’s magic in the nightYou ain’t a beauty, but, hey, you’re alrightOh, and that’s alright with me-Bruce Springstein “Thunder Road” Today I will discuss small deals that aren’t beauties.  I will...