What Was the Best Business Investment You Made in the Past Year?

Four pros share their best investments

April 1, 1996
  1. I bought a note from a seller to facilitate a sale. The buyers had made a $4,000 downpayment and borrowed $6,000 more to round out the downpayment. Then I bought the note from the seller for $5,000. I made the sale, received the commission, and got a good note at a discount.—Hoot Gibson, First Valdosta Realty Inc., Valdosta, Ga.
  2. We added a $14,000 voice mail system. We were behind the times and couldn't handle calls professionally, so we needed to play catch-up. —Don John Edwards Sr., president, Century 21--Dear Realty, Washington, D.C.
  3. I expanded my company into property management. After a friend asked me to manage all her single-family homes and I accepted, I realized there was a great need for those services in our area. —Martha Hughes, property manager, Jack Hughes Realty Co., Dothan, Ala.
  4. We merged with another company and later affiliated with a franchise. Then we chose software and computerized the entire office. —Charles Sandberg, broker, ERA--Real Estate Specialists, Anchorage, Alaska.
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