Posted on November 9, 2008 @ 1:14 pm - Written by BawldGuy
Yeah, I know, your market used to love what you had to offer. It did everything possible to court your loving attention. And boy was it mutual. You couldn’t get enough. Every opportunity your beloved market offered, you were there, smilin’ with sweet anticipation. It felt so good to feel so wanted. Your confidence level was unstoppable. What an exciting relationship.
Then you began to notice your market couldn’t care less about you or what used to make it so excited, so happy to see you. Sure it still ‘let’ you participate with it, but now it was a relatively worthless experience. Your market would look at the desire in your eyes, roll its eyes, pretend to give a #%$&, take what you had, and resume whatever it was it was doing before you showed up chompin’ at the bit.
Still not gettin’ the drift here? Let me come from another direction, usin’ a different analogy.
Ever had a favorite restaurant? You know what I mean, the one that made your favorite dish exactly the way you liked it? You loved that place, didn’t ya? And it was obviously mutual. Every time you showed up it seemed to make their day. You had what they offered, and they eagerly returned in kind. It was a match made in Heaven. Read the rest of this entry »
Posted on November 7, 2008 @ 7:14 pm - Written by BawldGuy
Been havin’ fun talkin’ with a veteran of the real estate income property wars the last week or so. He’s retired outa state now, but we still talk when the spirit moves him, and the fish ain’t bitin’. He’s more private than I am, which is sayin’ something. He’s also one of the smartest real estate guys I’ve met in person — ever. Jim and I met about eight years ago, shared office space, and have cracked each other up consistently since. He was also a real estate licensee. We’ve almost always arrived at the same solutions to challenges or interpretations of markets. That said, he would usually be waiting patiently for me to arrive where he’d been nearly instantly.
I’m a smart guy, but Jim’s unreal. How smart is he? He once took a job teaching in a small college. The subject was chemistry, something he hadn’t studied since high school. He just stayed a couple chapters ahead of his students and pulled it off for two semesters. They offered him a raise to stay! His intelligence literally dominated a room.
He said he liked me ‘cuz though slow on the uptake, (always the comedian) I was able to get to the core of his ideas. One such idea was one for which I’d been using myself for quite awhile, which amused Jim no end. His amusement I suspect came from the delight with which I informed him of my prior knowledge and implementation. He’d refined it a bit, but we were in immediately agreement that when executed as designed, the results were tasty at worst, and incredible at best. Read the rest of this entry »
Posted on October 30, 2008 @ 10:25 pm - Written by BawldGuy
If I can’t keep an eye on my income property I don’t want it. To San Diego real estate investors I have just one question:
How’s that been workin’ for ya lately? Same question to Bay Area owners, by the way.
How long before you tire of the nice, familiar hometown $10, and opt for the outa town $20?
Again, just askin’.
Your retirement income won’t know if it came from capital gains made from hometown properties. In fact, surveys show 99% of retirements were literally apathetic when it came to the geographic locations of the source of their income. Who’d a thunk.
Turns out they were just interested in the large number of dead presidents visiting their bank accounts every month after they’d stopped workin’. Go figure.
What’s more important to you? Being able to drive by your properties? OR Living the retirement you’ve envisioned? In San Diego ya can’t have both. Ain’t gonna happen. And worse, time is definitely not yer friend. Every year you let slide by is another year for which it’s impossible to make up.
With that in mind, let’s get together and talk how to put a charge into your retirement Plan. All ya gotta do is take that first step and contact me. We’ll tackle this together. Have a good one.
Posted on October 29, 2008 @ 10:36 pm - Written by BawldGuy
Over the years I’ve learned that capital growth tends to be perceived almost as plowin’ the fields, while cash flow is sexy as the head cheerleader on prom night. Retirement is built on years of plowin’ the investment fields diligently, while using a Plan.
BawldGuy Axiom: The farmer who plants and tends wheat in the spring and summer, isn’t surprised to be harvesting wheat in the fall. Doing things on Purpose isn’t a choice for farmers.
Retirement is represented well using the analogy of the farmer’s cycle. Capital growth is preparing the fields for planting, planting the seeds, watering, weeding, and the rest of the heavy lifting it takes to ensure a profitable crop. All the months of hard labor, day in and day out, lead to just a short week or two when it comes time to harvest the fruits of all that labor. Read the rest of this entry »
Posted on October 28, 2008 @ 9:18 pm - Written by BawldGuy
Tryin’ to execute a preemptive strike here in order to stop hard workin’ folks from creating their own good news/bad news joke, with the punch line being themselves. Been noticing a trend lately. Those who’ve had success with fixin’ and flippin’ in relatively better times, are reentering the market. Their thinkin’, no doubt, is that with prices way down, they’re about to make a killing.
Not so fast Flipper, there are sharks in that pool.
Here’s the gist. Those who’ve raced into markets like this one, prices way down, bargains galore, blah blah blah, aren’t lookin’ at the fundamentals. Isn’t price a fundamental? Sure it is. Take a step or five back though, and really look at your particular market.
Let’s look at San Diego as an example. Read the rest of this entry »