I always admit when I'm wrong

So this week my cousin Chris (my business partner) done something I thought was the dumbest thing in the world. Man was I wrong.

As you all know we are in the real estate business. We do several different things we have rental properties commercial properties we renovate properties and sell them. This week however Chris bought a trailer yes a trailer in a trailer park. When he called me he said "Jeff, we have another property" of course I said thats great and I asked where at and whats it like. Then came its a trailer I believe my exact words were "what the hell were you thinking".

I was a little upset after all he is the CEO of our company he should be the smart one. In this case he was.Chris bought this trailer for $6,000 we are getting $1,500 down and $300 a month for this. In 15 months we will have put the 6 grand back in the bank and be making $300 a month on one rental. I changed my views real quick now I want to buy the whole park.

The point of this is to say I was wrong and I guess there is a reason he is CEO because I would have never made that move. I also want to add that you need to have an opened mind when it comes to real estate. There are several ways to make money in real estate dont just get focused on one or two. Grasp the BIG picture.