July 03, 2012
Elaine Reinhard-Lang is a treasure hunter. She may not seek underwater shipwrecks, but her ability to buy and sell gently used merchandise has proven to be profitable! In fact she and her sister, Betsy Herrmann, purchased a building in Fredericksburg at the Gillespie Trade Days.
Elaine sought the advice of the Rural Business Advisor from Angelo State University, Peggy Hodges. Peggy and Elaine worked through different
scenarios about purchasing or not purchasing the building. It was determined that any monies invested in the building would be completely recouped if and when they ever decided to sell it. In fact, the value of the building would potentially increase enough to provide interest return on the investment.
Elaine was appreciative of Peggy’s assistance. “She helped me understand the relationship between investing in the building or paying rent, and how that reduction in monthly rent would be a benefit and reduce our overhead. With this in mind the decision to purchase the building was made,” Elaine commented.
The economic impact of the purchase of this building indirectly affects the economic base of Brady because the profits generated return to Brady!