Posted by Joe Kaiser on April 11, 2006 at 20:37:56:
You’re close but no cigar.
This particular approach is old, tired and ugly. It consumes time,
energy and vast resourses (your $$$). To do what . . . fix up a house?
Bad, really really bad.
Fixing up houses is a lot of work. Do whatever you can to stay out of
that thinking (and business path). It’s for fixer guys, not investors in a
hurry to get paid (my particular choice).
You’re close, but you need to deconstruct what’s happening here (no
pun intended . . . well, maybe), and figure out how to do exactly what it
is you’re intending (the getting paid part) without doing all the hard
stuff (the fixing up part).
I suggest it’s all done with a blue pen.