Category Archives: BUSINESS

TULSA REAL ESTATE FUND RAISES $7M IN 24HRS

You’ve seen me post alot about Self employed Real Estate agent Jay Morrison and his great ideas and strategies on investing in real estate with little to no money. This Tulsa Real estate fund is probably the best idea ANYone has ever come up.  With it’s  IPO this past Friday, the “Private” company has already raised $7,000,000!!! Shout out to the Tulsa Real Estate Fund, I’ll be pledging soon!!!!

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FREDERICK PATTERSON: CAR/BUS/TRUCK MANUFACTURER

Frederick Douglas Patterson left a teaching position in Kentucky to join his father’s horse and carriage business after his brother died and his father became ill in 1897.

After his father died in 1910 Patterson, who forseen the rise of “horseless carriages” completed his first car in 1915 competing with Henry Ford and priced his cars at $850. He was the first african American to own and operate a car manufacturing company.

Only making 150 he had trouble financing and changed his company to producing trucks & buses rather than to compete. He had success aquiring numerous contracts with school districts.

The great depression took a huge chunk out of Pattersons business. Patterson died in 1932 and his son closed doors in 1939. To date non of his trucks or buses exist but his fathers carriages remains in existence.

 

 

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