September 2009
The First Bank
Article Background: I was reading about the banking system recently. I came across a section on “fractional lending.” That’s where banks lend money they don’t have. And, charge interest on it. Apparently, the banks are only required to have a fraction of the lending amount on hand. I hear this fractional amount can be as […]
The Beginning – My First Property Investment
My first real estate investment was an acre of land in Florida. This is how I got started. Here’s the story .. Want to go to Florida for the Weekend? “Hey, Dave! We’re going to Florida this weekend. Wanna go?” my Mom half jokingly yelled out. I had just arrived home on military leave and […]
Where’s the Expert?
I learned a valuable lesson one day helping my Dad put in the garage cement floor. We had plenty of cement, plenty of manpower but we were missing one key element. You’ll find out the missing element by reading the article. The lesson I learned that day has saved me lots of time, aggravation and […]
Is Alice Springs a Great Place to Invest in Property?
This is an article titled “A Place Called Alice” that appeared in the Australian Property Investor (API) magazine in November 2008. I give my views on the Alice Springs property investment market. Why do you invest in Alice Springs? Because it’s a great place for investment. An old timer summed it up best. He’d been living […]
The Day my Dad Lost His Job
“What a beautiful sunny afternoon.” I thought to myself as I waited for my ride home. Mom was going to pick me up from school. Kind of a treat because it beats taking the bus and it beats the two mile walk. The bus is not very exciting because we’re the last stop, so it […]