‘Course that’s not why I’m talkin’ about her today. It’s ‘cuz the 4th of July is on Friday, and Roberta has done a ton of homework so she’d be able to tell you and me where all the excitement’s gonna be. If someone’s settin’ off a cherry bomb somewhere in the county, she’s got the lowdown on where and when.
Posted on June 27, 2008 @ 11:10 pm - Written by BawldGuy
There are plenty of things you can do, not the least of which is to recognize the sea change happening in real time before our eyes. I’m worried for your future. You should be too. And no, I don’t think your properties are gonna put you in the poor house, ‘cuz they’re not. This market correction will end, and at some point your properties will not only regain their value, but go higher.
The Problem?
If your real estate investment world begins and ends at San Diego’s borders, you have a big problem. If they don’t, takin’ your equities Outa Dodge will easily mean $1 Million in additional capital growth for most of you in the next decade. And that figure’s a relatively safe one. Talk about the tortoise and the hare. And for the record? It’s only in the fable that the tortoise wins. Where we’ll take you, the hares don’t stop and lollygag. All things being equal, those leaving San Diego with their real estate investment equity/capital will race past those who stay in town.
It’s a no-brainer. Those who leave now, will be working towards another $5,000 a month retirement income in the next 10 years or so, give or take. This isn’t a game. This is your retirement, and I’m serious as a heart attack about this subject. It’s what I do.
Do not invest in San Diego income property now, or keep what you have longer than it takes to sell/tax defer (1031 exchange) your way out. I’ve been tellin’ folks to buy SD property since Carter was in office. I don’t say these things lightly, as I understand the gravity of decisions based upon one’s future retirement income. But it’s the right thing to do. That makes it an easy call.
I’ll be in town this weekend, available by phone and email. I’m pretty good about gettin’ back to folks quickly. So Contact the Hairless One and let’s see what it’s gonna take to get your retirement back in high gear. Oh, and by the way, for clients doing tax deferred exchanges with Brown and Brown, the selling costs will be reduced by $10,000 or more 90% of the time.
Really — wouldn’t kid ya ’bout that.
Now for some kinda sorta on-topic weekend music. (Just go with it, OK?) Have a good one.
Posted on June 11, 2008 @ 11:15 pm - Written by BawldGuy
Some of today’s post comes via inspiration from conversations I have sometimes with one of my Starbucks buddies. Our conversations are wide ranging, which at times becomes the catalyst for some serious thought when it comes to real estate investors and investing.
‘Course, since random is the theme today, pictures shall be congruently random also.
Gray Bomb
Though I’ve written here often on what drives my decisions to recommend one property/region over others, it still boils down to the same basics it always has. Jobs, job creation, commerce, etc. The continued migration of large population segments from the north, most of the midwest, and the northeast towards sunbelt regions is still strong and will continue to be. No surprise there.
The phrase Gray Bomb though, will begin to have more and more meaning and impact upon real estate as time does its thing. Boomers are now pretty much graying right in front of us. I know, ‘cuz I are one. Though there’s absolutely no gray on my head. (Thanks Schick) They’re making life decisions regarding their retirements, which are impacting the economy in general, and real estate markets specifically to an ever growing degree.
This isn’t new of course, but it’s beginning to become a much more important factor in how Brown and Brown views data these days. When shrapnel from Gray Grenades land in concentrated bunches, it’s news the real estate investor should follow with real interest. Read the rest of this entry »
Posted on May 31, 2008 @ 8:57 pm - Written by BawldGuy
Just looked at our next Texas location and it rocks. Too early to spill the beans, but we’ll be putting our boots on the ground very soon. Hint: It’s on the A-List of areas having appreciated more than 7% in the last 12 months.
Also, a buddy living in another region has convinced me to fly up there to check out the ‘unreal deals’ available. Gee, haven’t heard that one before. Worth a flight and a day or two to find out though. We’ll see.
Off the cuff — follow me on twitter, I’m @BawldGuy. Just go to twitter.com — it’s free, and you’ll like it. Go to my profile and see who follows me and who I follow. If you do the same, you’ll find out what folks in the business around the country talk about with each other.
Also off the cuff here — so many of my clients have been sorely disappointed by the performance of mutual funds in their 401(k) plans. They complain how they’ve heard most of their adult lives how the returns were in the range of 8-12% annually, when their real life results haven’t reached even 5% yet. Now we have a 20 year study which proves just that. (More on that this week.)
No time here to expand on the thought, but it’s nice to finally have a 20 year study on which to fall back, know what I mean, Verne? Verne’s not laughing — guess he’s in mutual funds. Here’s the last train to Capital Growth for those San Diegans interested.
I’d love to talk with you about getting started with your own Purposeful Plan — one heading straight for a very cool retirement. You can find me by clickin’ here, then waiting for my always quick response. I need a fix, so hurry up, wouldya? Much appreciated.
So it’s Saturday, which means there’s a video, right? Then I put ‘train’ in the title, geez. Settled on The Monkees, a band for whom I’m still in the dark. How in Aunt Millie’s old robe did they ever do so well? Dateline should do an investigation, ‘cuz there’s gotta be a conspiracy buried somewhere. Anyway, it so happens they did have a song about a train, so that’s the one I’m usin’. Sorry in advance.
