Revere Street
Edward Alexander is looking for a new way to produce income. Edward no longer wants
to pay rent for an apartment because he sees that he is building someone else’s equity
when he could be building his own equity. Edward begins to take action by doing a
thorough study of the Boston area to find something that would make him a profit and
serve as a place for him and his wife to stay. The problem is whether Edward is making the
right decisions in the process of buying the income-producing apartments in the Back
Bay-Beacon Hill area. His wife even brings up an excellent argument as to why it may not
be a good choice of living with the people that are renting from him. Problems arise and
Edward needs to make a decision on whether or not this is the right opportunity, or if he
needs to back out and rethink his strategy, or possibly even find a new area. It’s hard for
professional specialists to predict what will happen in real estate and rental industries and
Edward has no experience.
I find that Edward Alexander’s plan to buy the apartment house on Beacon Hill is not a
good idea. The main reason being is that Edward’s projections are all predictions for what
is to happen. Whenever there is too much risk involved in an Investing situation it doesn’t
make sense to take that risk, especially with there being more options and time for Edward
to find something potentially worth more income and less risk. Edward has a good start
