We're Not Dependent on a Sale, We Can Keep Our Team Intact

We underwrite selling our assets because we have to. We've reduced our leverage from 75 or 80 % in the past down to 60%. That allows me and my team to weather a down turn. If you run out of cash in this business, if you run it over, there's no going back. The bank will take everything from you. I am personally guaranteed on all 28 dollars in debt that i own. There's one golden rule in real state investing: You'regoing to lose everything. And that is, not running out of cash but doing something else with your life.