This came across my desk this week. If it takes you more than 2 minutes on your calculator to figure out how and why this is a very bad wholesale deal, you should be asking for more help with your real estate investments. The numbers on this deal are upside down on the surface and will only get worse with time.

Tim Thornton, Realtor ®, Austin, Texas.

Tim Thornton, Realtor ®, Austin, Texas.

Something that I have learned over the years that there are really only a few things that a business can offer to the public and the two most common are: Products and Services. Behind both of these offerings has to be stellar Customer Service. Unfortunately, many businesses today do not understand that the most basic foundation of business is built on great customer service. You have witnessed it, probably as recent as this week. Weak or poor customer service is all around us.

This is the first market update I have created in a while. Sorry about that. Sometimes life just gets in the way of itself. I hope you enjoy this fun little market update and Halloween ditty. 

Tim Thornton, Realtor ®, Austin, Texas.

If you are a person who uses credit cards to pay for most things and you pay off your credit cards every month, you will want to read this. So, first of all, before you think you already know what I am about to say, read for a few minutes--you may learn something like I did recently. First of all:

We charge most everything on credit cards every month. We have chosen not to have really high credit limits on our credit cards. We pay our credit card bills 100% every month.

Home Under Pending Contract 4/21/2020.Tim Thornton, Realtor ®, Austin, Texas.

Tim Thornton, Realtor ®, Austin, Texas.

Tim Thornton, Realtor ®, Austin, Texas.

For those of us who have lived in Austin for many years or our whole lives, you will recognize this iconic site from along Loop 360. For those who have only been in Austin for a few years, you are probably more familiar with the F1 race track and high-rises downtown, than you are with some of the iconic history that is no longer with us--like this changing landscape of flamingos that used to entertain us with the changes of the seasons, holidays and football games.

Wow. I don't know if Cash Flow is one of the most widely misunderstood terms in Real Estate or some people will just say anything to sell a house. I can't tell you why a property that is advertised as "great cash flow" is marketed as such, but I can tell you when a person who wrote such a thing just simply does not know what they are talking about.

First of all, let's define the term "Cash Flow".
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