Some good lessons came out from the last deal, ultimately he didnt have enough skin ie cash in the game and the Angels are taking all the risk. Surprised no queries on contingency amounts for the 2 period property deals given they are period properties especially by the lender. As an ex lender myself I have never seen a period property deal come in on budget. I 100% agree with Johns philosophy of selling some stock, its churns the capital and derisks until that capital is reinvested plus its a great way to get in with agents who might see it as an opportunity to make money on the way in and on the way out. Who knows, that might be where the next deal comes from.
