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Profitable For All Things - ABOUT US
About Us
ProfitableForAllThings.com
is a service of
Treat Bancroft Enterprises, LLC
based in Austin, Texas and managed by Darin Davis.
A Bit of History
I (Darin) moved to the San Francisco Bay Area in January 1997 to work for
a network consulting company.
By the end of 1997, I considered buying a two bedroom condo in San Ramon,
but decided not to because I would have had very little
money left after making the monthly mortgage payment.
This proved to be my first (negative)
lesson in real estate. Three years later, in 2000, that same condo had
doubled in value and my rent had skyrocketed.
Realizing my mistake, I bought a townhouse in Walnut Creek. This
proved to be my second (positive) lesson in real estate because by 2005
the townhouse had nearly doubled in value.
By this time I had married, and with my wife decided that we wanted
a larger home in which to raise family.
So, we bought a house in Concord with
twice the square footage and a mortgage 2.5 times that of the townhouse.
In 2006, we began studying real estate by reading books and attending
seminars. At a seminar in July 2006, we realized that
California real estate had peaked and we were in a very precarious
situation. Our home's value was starting to decline, we had a very
large (in fact, unsustainable) mortgage and no cash to invest.
This was my third major lesson in real estate.
So, in a matter of weeks, we sold our house in Concord. We moved to
Austin where the real estate market was growing and the cost of living
was much lower than California. We used the equity accumulated
in California to buy several investment properties.
Mission Statement
A story is told of a young banker who asked an old banker
how he became so successful. The old banker told the young banker, "Good
decisions." Not satisfied with that answer, the young banker asked,
"How did you learn to make good decisions?"
The old banker replied, "Bad decisions."
The mission of
ProfitableForAllThings.com
is to provide tools for financial discipline. It is our sincere hope
that these tools help you minimize bad finanical decisions and maximize
good financial decisions.
The motivation for providing these tools comes from two sources. First,
friends have asked us for help in real estate investing. We have
much to share from first-hand experience, not just about real estate
but about personal finances in general.
Second, tools for financial discipline complements the mission of
ProfitableForAllThings.net,
which provides tools for spiritual discipline.
Legal Disclaimer
The content of this web site is based on our research and experience
in investing.
Neither Treat Bancroft Enterprises, LLC nor Darin Davis
holds licenses of any kind aside from the free speech right guaranteed
by the First Amendment of the U.S. Constitution.
While the content on this web site is factual and correct
to the best of our knowledge, this web site is private opinion of
general financial concepts only.
NO CONTENT ON THIS WEB SITE MAY BE CONSIDERED LEGAL, INVESTMENT
NOR TAX ADVICE.
Consult your duly licensed advisor(s) before taking any action.
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