Hey All, If you have been thinking of buying/or selling a condo there are a few new mandates that are going to be required from each association in regards to the Milestone Inspection and Structural Integrity Reserve Studies.

The bank protects you by disbursing payments to the contractor ONLY when certain milestones in the project have been reached.If you're looking to pay for the rehab out of pocket AND want to manage the project yourself, J Scott's books provide a great manual.

Congratulations on breaching the $1 million net worth milestone!

A graph of growth or profitability gives a visual that some people may find easier to understand.

The graph clearly shows the benefit of this planning approach over time.This is just a simple example.

Zachary Hello Zachary and congratulations on this major career milestone!

The point is- if we have the means and the kids are humble and worthy, gifting a bit at their big younger milestones will have a 20x-40x+ the impact vs a pile in their 60s.  

The rest of the seminar was great hands on information beginning with the current macroeconomic environment & state of the real estate market (using graphs from the FED).

Bottom line quote that we pay out in specified milestones (which align with our hard money lenders payouts). - besides or JV partner watching progress, on completion we hold back a portion of the payout pending a final residential inspection. 

Celebrate holidays, bdays, and milestones together.To encourage collaboration, support, etc, start every team call/meeting with having each team member mention a 'win' that they had recently as well as a challenge they're facing... with the right mix of people, you should see your agents jumping at the chance to share advice/info and cheer one another on.