by Terry Moore, CCIM | Dec 17, 2021 | Living a Life Worth Imitating
Betty and Paul married in 1940. They began with love and no money. They started with a single rental property. They added to their holdings while having other businesses and holding other jobs. Later they transitioned to managing their properties full time. They...
by Terry Moore, CCIM | Dec 10, 2021 | Building Wealth
Wealthy people have three ways to deal with the transfer of wealth to their heirs. Some don’t plan at all. Some attempt to influence or control how the next generation will act. A smaller number intentionally prepare their heirs to manage their inheritance wisely....
by Terry Moore, CCIM | Dec 3, 2021 | Living a Life Worth Imitating
The sad story of Vanderbilt wealth melting away is the story of too many families who build wealth. Stories of an heir squandering wealth are common. In fact, they’re so common that we have a saying about it. The American version is “shirtsleeves to shirtsleeves in...
by Terry Moore, CCIM | Nov 19, 2021 | Apartment Investing
Good marketing can’t offset bad value. You can improve the way your property appears to buyers fairly easily. It’s like what you would do to sell a house. Spruce Up Your Property’s Exterior A potential buyer will drive by first. They know they’re buying a used...
by Terry Moore, CCIM | Nov 12, 2021 | Apartment Investing
Setting an appropriate listing price is both art and science. The listing price should be high enough to provide some negotiating room and to learn what the market will pay. It should be low enough to arouse several buyers’ interest. Smart listing brokers suggest a...
by Terry Moore, CCIM | Nov 5, 2021 | Apartment Investing
The best investors understand they won’t suddenly know if it’s time to sell. They decide if the time is right. Selling and moving up is how they build legacy wealth. Why Sell? There are many triggers for an investor to sell an apartment building. Let’s begin with the...
by Terry Moore, CCIM | Oct 29, 2021 | Apartment Investing
Selling a perfectly good property is an unnatural act. Human beings don’t seem to want to change things unless there’s a problem. Plus, selling a property you own and buying another one creates its own kind of anxiety. You may worry about whether you will make a...
by Terry Moore, CCIM | Oct 22, 2021 | Living a Life Worth Imitating
A generation ago I was frustrated about an inconvenient, unchangeable truth. I stormed out indignantly. My emotional response delayed our financial independence by at least a decade. Recently a client was frustrated about the same inconvenient, unchangeable truth. He...
by Terry Moore, CCIM | Oct 15, 2021 | Living a Life Worth Imitating, Popular Blogs, Top 30 Blogs
Sometimes you find yourself in a friendship that involves mutual recognition that each of you has distinct gifts, calling, and abilities the other lacks. You hope your friend will assist you in the arenas where you need help. Likewise, you are glad help your pal when...
by Terry Moore, CCIM | Oct 8, 2021 | Books
A generation ago Daniel Boorstin’s fascinating trilogy on the American experience enraptured me. The author, the Librarian of Congress, shared charming stories and impeccable history. Yet the introduction had the most profound idea. Boorstin said much of America’s...
