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Channel: December 1986 Archives – Texas Monthly
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Advice From the Experts

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This story is from Texas Monthly’s archives. We have left the text as it was originally published to maintain a clear historical record. Read more here about our archive digitization project. Jerry J. MooreDeveloper, Owner of Jerry J. Moore Investments, HoustonI would buy equity in a small three- to four-unit strip shopping center, something that had a grocery, a dry cleaner, a liquor store, and a washateria. Make sure that at least two of the four tenants have a good track record and that the center’s at least ten years old. When you buy the center, put as little equity in it as you can. Assume the previous owners’ note; they probably had the mortgage locked in at 8 or 9 per cent.There are plenty…

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