Real Estate Myths Destroyed

Discussion in 'Investor Psychology & Mindset' started by Guest, 13th Dec, 2015.

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  1. Bayview

    Bayview Well-Known Member

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    How did they mis-manage the cashflow, PG?

    What did they do wrong?
     
  2. Perthguy

    Perthguy Well-Known Member

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    Sorry, I missed this one. This involved big orders from overseas and local sales. The issue was having to pay for the orders before the revenue from the sales was finalised. Even though they had stock and sales, the timing of the revenue was too late to cover the payments to overseas suppliers. Basic cashflow management. They had to wind up the company, both directors lost their houses etc. Messy.
     
  3. Omnidragon

    Omnidragon Well-Known Member

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    Which side's the myth? The right or the left?