Meeting with the players

Thursday, April 17.  Hello all!  Truly a beautiful day today in Michigan.  Sunny, warm, and over 70 degrees for sure.  Today was the first day that I did not get chills teaching golf.  I had a good teaching day and felt like I really focused and connected with all of my lessons and had a good time doing it.  Pretty low key night, dinner at Great Lake and went over to Dave's with Paula to get my check.  We hung out for a little bit and I'm going to get to sleep early tonight.  Pretty tired.

Today's new experience was having a meeting with some of the big real estate players in Ann Arbor.  I met with David Kwan, who's trying to sell us his share of a commercial building downtown, and his partners Peter Allen and Fred Beal.  Peter is an investor and professor at the business school at the university, and Fred owns a construction company and is also obviously an investor.  Very nice guys.  I felt very comfortable with all of them and felt like I belonged although I clearly have much to learn in comparison to these guys.  But it felt good to be part of the circle of movers and shakers in a business that I want to be a player in.

It looks like for now that we will probably be passing on this deal.  I am disappointed but I feel like I've learned a lot about the process and have grown from it.  It is also good to be introduced to folks who have had success in the business.  I felt like I belonged.  Everything is perfect about the deal except one of the tenant's leases.  Too uncertain about whether or not they'll stay.  Also not much equity to take out of the property at this point.  Also would need some changes to the operating agreement to reduce risk for our group.  Everything but the shaky lease is workable, however, but that's a big one and there's really no way of getting around that one.  If they were to leave, it would leave a healthy cash flow positive situation a pretty big cash flow negative situation, and I don't want our first investment to have that much risk.  It feels almost all right, but my gut says that it's not 100% right.  So no final decisions yet, but I'm leaning towards passing.  I'll have to discuss with Dad and Chad and see what they think.

Until tomorrow my friends.  Thanks again for all your support of me and my continued path towards personal improvement.  I'm getting there and feel great!  I wish you a good day or night, wherever you are.  Later.