Types of Investors

Everyone has a junk drawer. It contains pens, pencils, paper clips, AA batteries, loose change, and TV remotes. And if you’re like me and have daughters it also has pink hair clips, Barbie doll accessories, and Peter Piper Pizza game tokens. I love my junk drawer, a household melting pot of stuff, a place for everything I don’t have a drawer for.

What does this have to do with investor types? I have met many newbie, would-be, so-called, part-time, full-time, and, yes, even sophisticated investors that use this junk drawer mentality to invest in real property. At a networking event, I met a guy who was hocking developable land ...

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