Posted on August 3, 2008 @ 1:41 pm - Written by BawldGuy
The first real estate cartoon I ever saw on a poster was a picture of an ancient lookin’ guy sporting a very long white beard, leaning against his cane for support. The caption has proven timeless. It said — Portait Of A Young Man Waitin’ For Prices To Drop.
Wonder if that young man is in the market yet?
Seems like a Purposeful Plan woulda helped him bunches, don’t ya think? San Diego income property owners relate to that cartoon well. From ‘69 to ‘05 values went from $12-20,000 for a duplex to $500-800,000! I was 60 days past my 18th birthday when I saw that poster. Since then the above mentioned rise in value has happened while I got married, had two kids, bought my very first real estate, son graduated college, daughter about to, and a myriad other life experiences.
That cartoon is funny on several levels. First of all, and most obvious, is the fact that I first saw that poster in 1969. Almost 40 years ago. Then there are those who are now sayin’, “See, he was right!” Sometimes unintentional humor is the best.
That poster though, continues to speak volumes. What might the caption on that poster be today? I have some of my own, but first I’d love to hear yours. Ok here’s just one of my ideas.
Think — Get Outa Dodge. I’d re-caption it to read — Portrait Of A Young Man Waitin’ For San Diego Income Property To Make Spectacular Comeback.
Warning: Hairpin turn of a segue.
An example of using humor to connect with folks, or get a message across comes today from blogger icon Liz Strauss. I’m happy to say Liz is also a friend. Following her advice is not the worst thing one might choose to do — a understatement to be sure. I’ve been following her advise for some time now.
Friday night she decided to get a concept across by havin’ some fun. Common experience is a social thing. We want to share great experiences. Humor helps in this endeavor big time, if you choose to employ it.
For the record, Liz came up with BawldGuy Talking as the title for this blog.
So here’s me re-gifting. Liz gifted me and about a zillion of her other regular readers with this post Friday, and I’m passin’ it along to you. If ya don’t laugh at least a little, I’ll be surprised. I was laughin’ my butt off. Enjoy your Sunday. Here’s Liz’s post with the video.
Posted on August 1, 2008 @ 11:50 pm - Written by BawldGuy
This weekend take the time to write down all the info ya need to paint a picture of where you are today — financially. Not just assets and liabilities, but what yer doin’ now that maybe isn’t the right thing for you. Also, what’re ya not doin’ that ya know should be happening as a habit?
If the only two things you learn is your net worth and how much yer savin’ each month — or not — the effort will have been easily worth it. I remember one weekend in the mountains with The Boss. I was doodlin’ on a legal pad, and started writing down my known recurring monthly expenses, for both home, and office. When finished I was staggered by the number. I shouldn’t have been, but isn’t that how most of us are?
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.” Read the rest of this entry »
Posted on July 30, 2008 @ 11:47 pm - Written by BawldGuy
Here’s how I explain to real estate investors in other states what it’s like to trade equity from California to much lower priced growth regions.
It’s kinda like buying that killer Norstrom’s dress for yer wife. You honestly thought it was perfect for her. But after she stopped laughing, and could speak English again, you were back in the car, headin’ for a refund. Now, imagine you hafta spend the entire refund at the Dollar Store. That is what the CA real estate investor faces when he exchanges his properties’ equities to another state.
Take a Bay Area, San Jose (Palo Alto), or San Diego income property owner. We’ll use a San Mateo duplex. Let’s say it can sell for $850,000 and with a loan balance of $400,000 the net proceeds would be roughly $385,000 or so. If they paid $600,000 back in the day, their annual tax shelter runs in the neighborhood of $18,000 +/-. (Should be more, but that’s another post.) Their current cash flow is either zip zero nada zilch, or enough to treat the family to a monthly dinner at Sizzler. Oh boy! We’re goin’ to Sizzler!
Here is the ‘before & after’ picture when their 1031 tax deferred exchange has been successfully completed. Read the rest of this entry »
Posted on July 26, 2008 @ 11:02 pm - Written by BawldGuy
Places like San Diego, Orange County, Palo Alto, and San Francisco are excellent examples of markets having turned from warm and cuddly to cold and prickly. Where are the CA real estate investors headed these days? Lots of places. Several spots in Texas. Austin, Dallas, Ft. Worth, Allen, Weatherford, and many pockets between the MetroPlex and Austin. Kansas City is a very prudent spot on the map for your real estate investment capital and/or equities.
Also, and don’t tell a soul — am headed soon for the Carolinas. And yes, for the record, we’re still closing transactions for clients with 10% down. You have to share Divine DNA proven with blood test, but it happens. Add Purposeful Planning to the mix, and pretty soon you’ll be on yer way to a magnificently abundant retirement.
The first video is just for fun. A certain midwest agent snarked something about my yesteryear choices for music. Well here ya go, Pilgrim. Eat my dust.
The second video was offered up by a friend on twitter.com, where I’m known as, (surprise) @BawldGuy. She said I should put up something by Toby Keith, then got specific. I really liked her choice, ‘cuz it brings back memories. (Don’t ask, not tellin’.) If yer lookin’ for diverse music, these two are about as different as yer gonna get. You can thank Brad Coy for the Arcade Fire song. Jamie Geiger sent in Toby’s piece. Thanks again guys.
Posted on July 24, 2008 @ 10:12 pm - Written by BawldGuy
As regulars here will surely attest, I’m passionate about gettin’ equities held in California investment properties into superior markets. These markets will not only perform far better, but will also allow the ownership of significantly more property. More property, but with the same monthly bottom line, more or less.
Let that sink in. You can trade your CA equity. Then what happens? Well first you better put those units of yours on the market before the train leaves the station. Read the rest of this entry »
Add Purposeful Planning to the mix, and pretty soon you’ll be on yer way to a magnificently abundant retirement.