Tim McIntyre

I got a phone call from a great friend and client the other day.  This wonderful lady, Mrs. B., has been my client, given me referrals, been a partner with me in some investment deals, and has really been like a second mother to me.

Mrs. B is a 75 year old, financially stable property owner.  She was calling because she is thinking about selling a commercial building that she owns and wanted to know if I was interested in purchasing it?

Herein lies where I have a difficult decision to make.  Do I wear my investor hat, and purchase this property?  Or do I wear my Realtor hat, and list the property for sale?

At first, it seems simple:  I make an offer on the property for the amount that I am willing to pay for it. However, even though it is a commercial property, a business that might be Owner Occupied would definitely be willing to pay more for this property than myself, because I am interested in the property as an Investor.

So, do I purchase the property myself, or do I act as Mrs. B's Realtor, and list it for sale?

How do you handle the conflicts of interest that come up in your life?  How do you approach making those decisions?

This is a great community event, which really shows what Catonsville is - a friendly, fun loving town.

Come to the free live concert every Friday Night in downtown Catonsville, MD. The show starts at 6:30 p.m. This week's band is Bill Dickson & the MTT.

For more information visit www.billsmusiconline/frederickroadfridays.html

PS-We had a great time in Deep Creek. For those of you who may be thinking about buying a resort property, the prices have come down significantly and now is a great time.