Every once in a while I get some ‘driving time’ – just me and the road. Often I listen to books on CD, etc. Zig Ziglar calls this “automobile university.” But sometimes my thoughts drift and land on random things.

Yesterday I had some driving time and, for some reason, a disintegrated private money deal popped in my head. Must have been because I was driving by some landmark or something (damn those psychological triggers…)

Here’s how the whole deal went down:

A guy approaches me at a real estate networking event. Says he wants to invest in real estate. Tells me he used to run his own contracting company and he’s looking to do some flips.

Par for the course so far.

Then, he proceeds to tell me that he has some money he wants to invest in real estate – but he’s leaving for a warm southern state for the winter (snowbirds, we call them here in Michigan) and that he wants to get his money out and working for him soon. Then, he drops the bomb… Read More→