Oct. 3rd, 2007

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First thing today, we took a field trip to Manns Choice to look at a building we might be financing. That was kind of fun -- it's a bank repo building, shot to hell, and suffering defiant tresspassers (probably junkies). Someone had the foresight to plumb it in pvc, which is not salable for drug money, or at least nowhere near as salable as copper, so it still has its plumbing. Anyway, we looked at it and were OK with financing (8.5%) the purchase of it, pending a clear title search and all. The realtor person wants "proof of financing" so we wrote the prospective buyer a letter. I don't reckon that real banks do much more than that and I am not handing out real money until there's been a title search. I am most certainly not handing over bank statements to "prove" that we have XX dollars in the bank. That's bullshit. Anyone with a photocopier can make it look like there are XX dollars in the bank, anyway.

What else did you do? )

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