shorty
Full Access Member
I have a trip planed in two weeks to try to put together a deal. I am originally from Odessa and went thru the 1984 oil crash. I sold RE then and had to move to Dallas to make a living. Wish I knew then what I know now and I would have stayed. The most money I have ever made was during the S&L melt down of the late '80's and early 90's. I have a former partner that says the way you spell opportunity is "problem." Problems in any industry provide opportunity for the risk takers. I do believe we may be looking at a 5 yr hold but with the low sales prices, rental income and the upside we could be looking at a bonanza. The former owner of the Dallas Mavericks put together $100 million war chest in the 80's and proceeded to buy the downtown Dallas buildings at 10 cents on the dollar. Needless to say 10 years later he made a killing plus while holding could rent at 20 cents on the dollar that other rented for and kept 100% full. So yes, I am looking awfully hard at the opportunity.
