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> high potential demand. That would require growth. Birmingham is not growing. > the buildings as collateral. Except the buildings are not worth much of anyt
by aliante 6y ago
> high potential demand.
That would require growth. Birmingham is not growing.
> the buildings as collateral.
Except the buildings are not worth much of anything. I may as well offer my shoe as collateral.
- etchalon 6y agoWhy would that require growth? An underserved market exists on its own. If I find 100 customers willing to pay X for a service that no one is offering, I do not need that 100 number to grow. I just need to make that existing base profitable. Second, garbage buildings as collateral combined with a personal guarantee is the least uncommon thing in real estate investment you’ll find.