No project will ever go off without a single hitch in the plans.
Still, when looking at a potential new investment, it helps to do an initial analysis of how things would work out if everything did go perfectly. If the plan wouldn’t work even without any major mishaps, it’s a good idea to walk away at the very beginning.
In this episode of How to Lose Money, Warren Taryle, founder of Taryle & Associates, CPAs, explains how ignoring his gut instincts about the initial analysis led to a failed real estate investment.