PULL THE TRIGGER

My father made money with leverage. He took $13,000 in 1965 and bought an apartment building — The Marlowe in Lakewood, Ohio.  Then he bought another building the next year, St. Ed’s, and a year after that, Lakeland.  He was flying.  Leverage works — if you’re lucky.  And he was lucky.

My dad’s mantra was “just make the deal.”  Pull the trigger.  Which is what he did — often.

I, on my own, pulled the trigger a few times. For instance I bought the Riverview building from the Chisling family.  Interesting name.  Maybe they were trying to tell me something.  I bought the Roycroft building from a man who was dying of cancer, he said.  He was “dying” like we’re all dying.  He’s still around, years later.
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Tomorrow:
“OVER EASY”AT THE BIG EGO . . . Musicians lunching at the Big Ego diner.

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