Posted by MilNC on December 24, 1998 at 12:07:38:
#1, I’ll bet your husband WASN’T kidding when he said “don’t risk the house.”
#2, you do well to educate yourself. I have ordered
books and courses too. This is like going back to
school, but with a support group.
#3 There is the “just do it school” vs the “due dilligence school/get your team together shcool.”
#4 Everyone loves the phrase "paralysis by analysis"
but that only applies to people who really have
already analyzed–it’s not a step you skip.
#5 I refer you to Lenny’s dilemma re having gone to record a contract only to find out someone else recorded an affidavit one hour before. (I’m looking forward to reading THAT thread).
“Must relocate”–no kidding! Beyond your jurisdiction!
( yes I know , they can be traced-what fun…)
Like you, I like my duckies in a row. If I have to make
a flow chart for myself, I will. There are people out there who want to fool you-you need to be aware of how they can do it.
At some point you will do a deal. I think you are entitled to be as “paranoid” as you need to be.I don’t even think that word has a place in investment. That would be something someone would say to you if they
wanted to make you feel silly for doing due dilligence.
And, Don’t risk the house.
Merry Christmas, and best wishes for a new year full of
educating yourself. I agree this board is the best source.