Tuesday, January 5, 2010
Bobby, say it ain’t so…
Am I passionate about real estate? Eh, dirt is dirt. What I am passionate about is helping people succeed; it just so happens that my skill set is in real estate and real estate finance. I am a proud graduate of Florida State University and it was with mixed emotions that I watched the Gator Bowl on January 1st. It was the last game that one of my heroes, Bobby Bowden, will coach. It was a great game and a great win for FSU and Bobby. What was distressing was Bobby's post game meeting in which he told a bunch of reporters that he made some bad investments in real estate. Apparently he and Ann invested in land that isn't selling "worth a crap" (Bianchi-Orlando Sentinel article). Bobby, it didn't have to be this way! This is what I am passionate about; working with our investor clients to analyze an investment opportunity, identify the risks, and where possible mitigate those risks. Eyes wide open! Land is one of the riskiest investments and in my view not suitable for investment dollars that are outside of a gambling portfolio. Help me, help you. That's what I do and that's what we do at Redfish Advisors.
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