BawldGuy Axioms For Real Estate Investors — A Baker’s Dozen
Posted @ 11:30 pm - Filed under Real Estate Investing, Sez Me, Financing, Investment Lessons, Physics of Economics, Communication, BawldGuy Axiom
Every few weeks or so someone asks me if I’ve ever published a short list of some of what I call BawldGuy Axioms. My reply is typically something akin to, “That sounds like a good idea. I’ll see if I can’t make it happen.” Well, here we are. A baker’s dozen, selected at random.
The pics? If you see a connection between the pics and the axioms, stop reading, lay down, and take a nap. 
BawldGuy Axiom: We’ve all had tough questions for which answers were difficult to find. The answers that you’ll never find though, are to the questions you never knew to ask. The consequences can be severe.
BawldGuy Axiom: Garbage in, garbage out is just the modern way of sayin’ what Grandma taught me. One of her favorite sayings was, “‘Bout the time the farmer got the old mare to work without eatin’, she died.”
BawldGuy Axiom: Grandma said, “The farmer who plants wheat in the spring is not surprised when harvesting wheat in autumn.” Translation: Invest in real estate located in growth areas, and ya won’t be shocked when yer net worth grows impressively.
BawldGuy Axiom: San Diego (Paradise) is the best place on earth to live, but not the region in which real estate investors should put their capital. San Diego income property is over for the foreseeable future.
BawldGuy Axiom: Lenders Lend — They don’t know anything else. In times like these they look in the mirror one day. In horror, they notice the 3 inch letters spelling ‘LENDER’ tattooed on their foreheads are beginning to permanently disappear. That’s when their phones begin doing double duty as doorstops, and they imagine fillin’ out Outback Steakhouse job apps.
BawldGuy Axiom: One of the foundational factors in any solid analysis is understanding where the bar is set. Sometimes the analysis is what actually sets the bar. Either way, workin’ with a stealth bar will get you nowhere at impressive speeds.
BawldGuy Axiom: The next client who invests with 0% down, with my blessing, will be the first. And there won’t be a first, ‘cuz that’s the way I roll.
BawldGuy Axiom: Sometimes the comfort level of the client trumps the (bestest) right thing to do — but only as long as it does no real harm.
BawldGuy Axiom: When it comes to real estate investment, everyone has their own equation to solve. Corollary: That equation can and probably will change.
BawldGuy Axiom: Gravity works every time it’s tried. Really, they’ve done tests and everything. (Physics of Economics)
BawldGuy Axiom: The Physics of Economics are what they are. No amount of debate will affect change, any more than debating the earth’s shape, flat or round, is worthy of one expended calorie.
BawldGuy Axiom: The lamentations of woulda coulda shoulda ring hollow after the fact. Either follow the mainstream media, or follow all the flashing signs tellin’ you opportunity knocks. I’ve told those ‘coulda’ stories myself. It still rankles.
BawldGuy Axiom: For most real estate investors ‘proceeding with caution’ means hoping they’re not missing anything when they pull the trigger. Surveys have shown conclusively this is, many times, a dangerous strategy. Just sayin’…
The context of these axioms speak volumes, much like the potential retirement you now have in store for you, based upon the context of what you’ve Planned so far.
Bonus BawldGuy Axiom: Waking up one morning with retirement eminent, is too late for the epiphanic realization that a Purposeful Plan would’ve been far superior to the purposeless plan that led them to the life sentence they’re about to start serving. Ouch.
Let’s start a conversation about what you want your retirement to be. Getting there on Purpose is the best way to get there smiling. Have a good weekend.
This entry was posted on Friday, September 5th, 2008 at 11:30 pm and is filed under Real Estate Investing, Sez Me, Financing, Investment Lessons, Physics of Economics, Communication, BawldGuy Axiom. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.