California Real Estate Investor Sees His Texas Investments And Purrs

Posted @ 11:29 pm - Filed under 1031 Exchanges, Buying Income Property, Capital Growth, Dallas, Purposeful Planning, Real Estate Investing, Retirement Income, San Diego Property Owners, Texas

The phone rings and it’s my favorite Texas builder. (A private guy, so won’t be mentioned here by name or company.) He just dropped one our newest and coolest clients off at the airport in Dallas. Spent the day giving him the tour. ‘Steve’ found everything we said he would and more. He’s apparently very pleased he took the time to schedule the detour during a business trip.

We ensured he was taken care of from airport to grand tour to airport.

Met the management team, saw his properties, met the builder himself, and was chauffeured around the area to get a better feel for what his and our research had shown him. His comment? Paraphrased, and taken from the builder — “I knew through the research how incredibly much Texas was growing, but when you see it — impressive.” Or something similar to that.

He’s on his way, and is excited, as we are for him. Steve is a very smart guy who has a nearly vertical learning curve. When he gets back home we’ll talk. I can’t wait. He’s not done yet, which is really gonna be fun. His first tax deferred exchanges are next on the menu. And for the record? The exchange properties are located in San Diego — Yep, he’s Gettin’ Outa Dodge — And not a minute too soon.

In the next several years Steve is gonna do some very nice things with his net worth.

He’s in his early 30’s and will be able to retire very comfortably somewhere in the range 45-52 years old. His retirement income will far surpass what he’s currently making at his day job. In fact, he’ll probably retire with more income than he’ll be making the day he retires. Maybe not, but probably. Hint: He doesn’t deliver pizza for a living.

You can be Steve.

Steve began by contacting me through this very blog. We met, and before long we merged his circumstances and comfort zone into his own Purposeful Plan. (See podcasts.)

There’s only one way to get started — and that’s for you to decide it’s time.

Is it time?

Some weekend rock for you. Who knew Coldplay sung about real estate investing? Go figure.

This entry was posted on Friday, May 16th, 2008 at 11:29 pm and is filed under 1031 Exchanges, Buying Income Property, Capital Growth, Dallas, Purposeful Planning, Real Estate Investing, Retirement Income, San Diego Property Owners, Texas. 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.