When you are looking at an opportunity to raise money for a real estate deal, ask yourself this question: Is it a specific, single, isolated asset that is being offered, or does it look like an opportunity to collaborate with or ...
Tagged with: capital
Read More »Q: There are five board members in our condo; I am the President. One of the elected board members is a major problem. He disrupts every board meeting by bringing up irrelevant – and sometimes ridiculous – issues; he pounds ...
Tagged with: board members
Read More »Dear Mr. Berko: I’m 20, and I’m going to be officially engaged this September when George, my 23-year-old fiance, after two years of hard work, will get his promotion to manager and will be making $15.50 an hour. I’m thinking ...
Tagged with: diamonds
Read More »In the Charlotte area, it’s hard to drive around for very long without seeing a “We Buy Houses” sign by the roadside. I’ve been known to place a few of them up myself. It would be equally accurate, however, if ...
Tagged with: problem solving
Read More »Reader Question: Our agent is suggesting that we write an offer on a home we like to include a contingency that we are willing to pay more for the house if another buyer makes an offer at the same time. ...
Tagged with: Dear Monty
Read More »Dear Mr. Berko: Please explain convertible bonds. We’re in our late 50s. We are not aggressive investors and own a $310,000 portfolio of stocks — mostly utilities and other income stocks — yielding 3 to 9 percent. A stockbroker tried ...
Tagged with: stock
Read More »Q: Recently some residents of our condo community have asked our Board to convert a portion of the common elements to a dog park. The Board appears to be seriously considering approving the request. Other residents are opposed. Our Declaration ...
Tagged with: dog park
Read More »“This is scaled-up group-think,” says investor and author Olly Newland in “The Day the Bubble Bursts”. “The persuasive mood switches from negative to positive, gradually super-positive, then hyped-up or hysterical.” The reversal of this sentiment happens a lot more suddenly, ...
Tagged with: history
Read More »Dear Mr. Berko: Please give me your thoughts on Tootsie Roll Industries. I’ve been buying Tootsie Rolls for over 50 years, and until several weeks ago, I did not know that this is a public company. I have enough cash ...
Tagged with: chocolate
Read More »Q: The condo association where I live has arbitrarily chosen not to maintain common areas that have bamboo growing out of control. I have 6 years of work order requests to address the issue. Through the board’s negligence it is ...
Tagged with: bamboo
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Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
