Steve Jobs

I just finished reading Steve Jobs biography written with the support of of Jobs and his family. It included interviews with other amazing Titans such as Bill Gates, Al Gore and others…

Some might categorize the book as critical of Jobs, others might use it as a platform to question his accomplishments.

For me, it told a story of a challenged individual who through focus, determination and force of will transformed multiple industries. From computers to animated films to on-line music he has left a legacy. It contains lessons, challenges and some emotions as it, like a great music, tells the story of our lives.

I would recommend this read for any one who hopes to be a leader. Who wishes to change a the world in one way or anouther. In fact, if you aspire in business this is a must read along with The Art of War (Sun Tzu) or the The Prince (Machevellia)…enjoy.

Until next time…



‘The inherent vice of Capitalism is the unequal sharing of blessings and the inherent virtue of Socialism is the equal sharing of miseries.’


The Metis Team is currently in Hawaii both celebrating a remarkable start to our fund and to engage in some brain storming on the opportunities that surround us.

We have been approached on a couple multifamily properties that look quite attractive, while having recently discovered two wonderfully unique ways to add to the occupancy.

Look forward to sharing more details soon!

Wish I had, Wish I had..

In my lifetime I have had the pleasure meeting amazing individuals. From visionaries, who have shaped the destinies of great countries, like Canada, Japan, Indonesia and France to individuals like the Dali Lama who shaped a religion. Each of these people have had one thing in common…their pile of things they wish they had done was a lot smaller than other peoples!!! And their pile of things they did do was perhaps a little bigger than many others. 

Why because these people were greater than everyone else?

Maybe…but having meet them, enjoyed their conversations, their sense of humor and their stories, I can say one characteristic was clear above all else. They were willing to reach…to attempt things beyond what others have done, beyond what was safe, beyond what they could have hoped they could have achieved!

Sure these people were thoughtful in their approach to their goal. And often they created a little luck and enjoy a little luck from the universe.

So the difference…say “Yes” to your dreams. Don’t be like the person that says “Wish I had…” at the start of the most interesting story you tell when you are in your sixties! Wish I had bought that house, Wish I had invested in that fund, Wish I had join those guys in that project. BE the person whose story starts ” When I…

A Wiseman once said ” All your dreams can come true, or not, your choice!”

Until next time…

Dean Duperron

Dollar Spent Wisely

So many people buy Multifamily Complex’s and just assume that the property will continue to meet the previous owner’s NOI…WRONG!!

For novices this often results in feelings of blame. The novice blames the inspector for missing something, the file audit for missing something, the previous owner for hiding stuff or inflating profit or delaying repair, or putting unqualified people on the property to keep up the Occupancy Percentage. And guess what the Previous Owner probably did all those things!!! Maybe even a little more…

So what do you do? Sue the inspector? Sue the auditor? Sue the previous owner? While that might play through your head, unless there was malicious intent…suing is a waste of time, energy and money.

What you really do is set aside a cash reserve which ideally should be a month of expenses AND a capital reserve to fixed the EXPECTED Deferred Maintenance, ALSO cover removing the unqualified tenets AND set up the “curb appeal” of your property. Expect to spend anywhere from 1 to 3 years on this project.

Remember don’t spend your money wildly or in reaction without a plan. Because if you do the reserve disappears and the problems remain.

But with a plan and some hard work Multifamily Investing is Simple, Enjoyable Business.

Till next time…

Dean Duperron
The Duperron Group

Interest Rates

Wow…can you believe it?!? Interest rates have gone up a whole percent! That means the cost of money has gone up. In fact, depending on where you were getting your money and the terms, it just cost you 25% to 30% more for your money! Why, it means you might have to pay a whole 4% for long term loans.

Sounds terrible doesn’t it.  Except when you stop and think about the average interest rate for the US from 1971 to 2013 was 6.14% or 54% higher than the 4% people are worried about today. In fact you have to go back to the late 1950′s to hit interest rates down at 4%. Here something, did you know what the interest rate was in say 1798? 10.04%…1824? 5.19%…1842? 11.49%…1857? 9.91% (source

The point is, yes interest rates have gone up and after being at record lows for awhile it is sometimes startling to see a jump. Especially a jump of 100 points. But in the big picture we are currently enjoying wonderfully low rates. And if consumer confidence is coming back. If consumer spending is coming back. Rent increases are happening at steady pace. In particular those in HOT MARKETS…ie Houston. Then, perhaps, those of us in the rental business can still feel bullish on purchasing a few more building and taking a few more mortgages at these record low rates.

Does not mean don’t watch the interest rates. And I would certainly recommend you lock in your loans at these current rates for as long as you can get. But panic…let’s save that for another time. 

Dean Duperron

Nice guys Finish!!

We all know the sayings “Nice guys finish last” or “Only the strong survive” or ” A big part of winning is showing up”. Over time these have become truisms. Things that sound good and have been accepted by over 30% of the crowd so become known as fact.

Well in today’s world of blogging, ratings and surveys the visceral reaction of any client, resident or past employee can immediately impact on the next person’s view of you or your business. These rating are hard to remove or even add balance to.

So what is your choices? Well you can take the approach “damn the torpedoes I will say what I think, how I want to think, when I chose to say it”…after all it works for Dragons Den’s Kevin O’Leary, right? Well, if you are as successful as Mr. O’Leary or Donald Trump perhaps you can be that brash and bold. However, even these great men chose when to be brash. Did you know initially The Donald did not want to use the the famous catch phrase ” You’re FIRED” as he thought it to be to rough?

Your other choice is to remember in a world where 80% of the businesses fail in the first year with really the first 3 years being critical. And where a kindly reputation is more likely to be rewarded with a supportive nod or referral at a critical juncture…you know that thing called “Luck”.  Then maybe being a nice guy might just make all the difference…maybe being nice will mean that indeed you will make it to your finish line.

A wiseman once said “Being nice isn’t always easy but it’s twice as easy as being a jerk.”




A wiseman once said “Destiny: a series of inconsequential decisions that make a possibility…a certainty.”

Sometimes this works in our favor and sometimes not. Perhaps the saying relates to a purchase you are making. Perhaps it’s a real estate investment you are considering.

One scenario might be the purchase of a revenue producing property. As you are considering the purchase you choose an advisor. In most cases people chose some one they do not know and have no evidence of this individual’s prowess at assessing revenue producing properties. Not a critical decision because the final purchase decision is still yours, right?

The individual might be the real estate agent. Great because now this person’s advise is free! And after all everyone has to make a living, right? Now this person finds a listing, shows you comparatives which clearly demonstrate this is indeed a good deal. Wonderful, but to ensure you win the deal, you are encouraged to put in an offer with a few less conditions then your lawyer might recommend. Not really a problem because you still have an out or two…right?

Now you get through Due Diligence, results are not terrific but, hey, close enough, and nothing is ever perfect, right? So you go “hard” on your deposit by removing the last conditions on your offer. No problem because it’s only the deposit. Next you are coming up to the closing and raising the final funds, but because of the challenges found in the DD, it’s a little harder to secure financing. So you commit to more down payment or guarantees, after all you don’t want to lose your deposit…do you?

So you close…and perhaps you have scored a money pit or perhaps you have scored a money machine…

In the above scenario the purchaser made 10 different small and separately inconsequential decisions. However, taken as a whole and in the excitement of doing a deal, your possibility ending up owning a pit or machine…becomes certainty. Ooops!?!? or YAY!!!!

But really is this how you would like to gamble with your financial nest egg??

I would suggest a different approach…in selecting the advisor get references (and ACTUALLY call them). Never push in an offer without allowing the appropriate time to truly do Due Diligence (DD) completely and correctly. (there will always be another deal, trust me.) If DD shows terrible trouble, even if you have gone “Hard” with your deposit money… RUN don’t WALK from the deal. Because there will always be?…another deal…absolutely! And losing a deposit, while not idea, is still better than losing everything.

Professionals do their deals differently. They start with clear goals, with clear benchmarks, clear measurement tools and because of that they make profitable decisions which they can replicate day in and day out.

Makes sense?

One way to better your chance of consistently doing good deals is to work with a team of professionals. Find a Fund that makes the kind of investment that you are interested in. Invest with them! Scrutinize ever decision they are making. Ask questions. Learn from them. Then try your new found skills out on your projects perhaps even using parts of the Fund’s team.

By making your investments a carefully developed skill set, you move from being a gambler to an investor! Congratulations!

Until next time…


Christmas a Time to Remember

So often we take time during the holiday season to communicate with valued customers, revive our rolodexes and receive thank yous from appreciative supporters. We give gifts like movie tickets to tenants, gift baskets to staff and gifts of drinks to repair people. All good uses of our time and important to maintain these critical relationships.

I also think beyond the business communication it is a chance to remember that a life is should be made up of three things. Carreer, Family, Philanthropy…

Career or business communication has been covered above. Fundamentally this is a big part of who you are and how you are perceived.

Family or personal relationships is a wide net that could include relatives or special friends. People who are meaningful to you in some way. Remember these connections are more important than money because they will help define your influence. Be sure to ask yourself how you can help each and everyone of these people in some way. Then act on it. Fundamentally this the core of who you chose to be as a person.

Philanthropy or for some this may also be tied to their religious beliefs. In this part of your life you have considerable freedom to chose how you express yourself. Unlike your job which maybe a result of many circumstances, some which may appear beyond your control (not really true but that is another conversation). Any project that attracts you is fair game for your philanthropy. Through this work you have the opportunity to grow as a person and positively affect your community. This your chance, in cooperation with others, to actually change the world.

So as a wiseman once said “You will likely spend a certain number years in this world, it’s up to you whether you live any of those years.”

Enjoy the season remember balance in who you are and Merry Christmas to all and to all a good night!!


Community…be apart of it or from it

So often the chance presents itself to be a part of our Community. We then make a choice. Either to engage on some level, to participate or stand away from our community either as a person or a business.

If you chose to stand apart and disengage it will perhaps cost you “a little less money today or “a little less effort today or “a little less time today… and with everything happening in our lives who could not use MORE…money, or time?

However, note I said it cost you “a little less”, no one expects you to give beyond your abilities. So your gift of time or energy or money should always be in proportion with who you are and what you have. It will make your community a better place. It will expand your world of contacts, friends and possibilities. This growth in you as person will provide the experiences that will enable you to play on a bigger stage personally and professionally. And all it cost you is “a little…”

On the other hand should you decide to save the “a little…” today it will not only cost you the satisfaction of helping (which believe me is a wonderful feeling), but it will cost you community…the community will have no idea who you are, worst if the community knows who you are, they will realize you simply do not care…and if you do not care about your community, then your community will not care about you. Some day you will find that to cost you significantly!

I am reminded of a quote “Except for one insignificant exception the world is made of others.”

Guess I feeling “a little engaged” today..a group friends came over to the house on the weekend and raised a good chunk of $100,000 for some community causes…made me proud!

God bless…