What a Roller Coaster

The last 3 months were terrible. Where is my Bailout? just kidding.

Anyway that whole 800% increase plan didn't go so well. The good news is, it still looks promising. One of my properties lost over 90% of its cashflow a few months running. December looks good though. And I think the future is promising. i just won't take huge gains for granted.

There is one thing that I have seen again and again. Whenever I attempt to make things better they get MUCH worse first. I have to make a decision whether I'm OK with what I'm doing now as a ceiling or if I'm willing to blow everything up with a stick of dynamite and take a few months putting back the pieces.

The best protection? Have multiple properties in at least 3 distinct phases (IMHO). I like to break it down as follows: Phase 1: old reliable- something you can count on when nothing else is going well. Steady but unpectacular and no matter what you do things are about as good as they get. You mostly leave this alone and maintain. Phase 2: These are doing something for you but not enough to justify their existence. the problem is they should be huge. Solution? go for Broke. To make these huge you have to be agressive. This means you might lose it all, or you might win big, Just go for it. Phase/Type 3 (numbering is not really important or even backwards here): these are "In Development" properties. They will either mature into Type 1 with some seasoning or require aggressive marketing to make them Type 2s.

Type 1 is what feeds me. Type 2 buys my yachts. Type 3 is the retirement plan and kids college fund.