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A DOLLAR WILL DO

One of the most interesting stories of a win-win situation is that of my daughter Clarissa’s first acquisition. My son and I had purchased a house, fixed it up, and sold it to a young family. The house my daughter ended up buying was next door. I had looked at it…

DONT RENT TO ANYONE WITH TOOLS

My daughter wanted a horse, and unfortunately we lived in a subdivision that wouldn’t allow us own and keep a horse at the house. When I looked into having a horse boarded, I found it very expensive in the Houston area. Moving seemed the only option…

He USED His IRA Retirement Account

HE USED HIS IRA On the fourth floor of the Amoco building I was sitting at my desk, when a fellow employee came into my office. He said he had seen me smiling a lot lately. This was in 1986 when Houston was really bad off and in an economic slump. I said yes, I…

A TAX BREAK

A couple a years back I got tired of writing checks to the IRS and after talking to my CPA I decided to give something big away so I wouldn’t have to write those checks as often. The biggest thing I was willing to give away was a school house in Kiven. Now it looks …

PROFESSIONAL TAKE

PROFESSIONAL I bought a house on a street named Hidden Valley. Isn’t that a great name? They even made a salad dressing named after that street. This particular house I bought at a foreclosure auction. I had to work my way through the auction to buy it without a big to do. When I …

ONE NOW AND ONE LATER

. ONE HOUSE NOW, ONE HOUSE LATER he bank that very year. We had rented it out to three different families. The house was in good shape so we didn’t change much other than new carpet, new paint and a few repairs to some plumbing that was giving way. But other than that, the cabinets …

GOLDIE LOCKS

. . • GOLDIE LOCKS • Boy, what a way to buy a lot of houses at one time! There was a tip from a friend of mine, a man by the name of Joe Fogarty. His call to me was regarding one hundred and twenty seven houses. We couldn’t buy them, because $4,000,000 was …

TEACH THE KID A LESSON

As my son, Ulrick’s 18th birthday approached I asked him, what he would like to celebrate the up coming birthday. His reply was he wanted a mentoring class I used to teach. My response was: “The price of that class was more than I would spend on his present.” He kept insisting that that was …

GAMBLING PAID OFF

We had a house for sale on a road called Beaver Bend. It was a very nice house and our contractors had been in, and had gotten a lot of work done. We had a sign out front that we wanted to sell it. A woman and her boyfriend showed up. “Wow, we like this …

LAST HOUSE IN THE BANK

LAST HOUSE IN THE BANK We did a lot of lease options in Houston, Texas so we had a lot of people in houses that were rented from us. They had the option to purchase it at a set price. We took extra money every month from them and put into a special account for …

GOD SAID SELL THIS HOUSE

GOD SAID “SELL THIS HOUSE” One day I got a phone call, from a friend of mine, David, who had taken some of my classes. He asked me if I would meet with him the next day to look at a house that he might be buying. I said sure. We met for breakfast, and …