Comments for BawldGuy Talking http://www.bawldguy.com Real Estate Investing through Purposeful Planning Sun, 06 Jul 2008 02:51:05 +0000 http://wordpress.org/?v=2.0.11 Comment on Oh How I Love The Smell Of Being Right In The Morning by Jeff Brown http://www.bawldguy.com/oh-how-i-love-the-smell-of-being-right-in-the-morning/#comment-9270 Sun, 06 Jul 2008 02:24:14 +0000 http://www.bawldguy.com/oh-how-i-love-the-smell-of-being-right-in-the-morning/#comment-9270 Thanks for visiting REI. Thanks for visiting REI.

]]> Comment on Oh How I Love The Smell Of Being Right In The Morning by Real Estate Invester http://www.bawldguy.com/oh-how-i-love-the-smell-of-being-right-in-the-morning/#comment-9267 Sat, 05 Jul 2008 23:57:40 +0000 http://www.bawldguy.com/oh-how-i-love-the-smell-of-being-right-in-the-morning/#comment-9267 Great point about connection of home affordability and demand not always equaling price reduction. In a market like todays, its easy for people to latch onto few dramatic statistics and miss the whole picture. Nice work. Great point about connection of home affordability and demand not always equaling price reduction. In a market like todays, its easy for people to latch onto few dramatic statistics and miss the whole picture. Nice work.

]]> Comment on Independence Day! Let Us Never Forget The Cost Of Our Freedom by Tom Vanderwell http://www.bawldguy.com/independence-day-let-us-never-forget-the-cost-of-our-freedom/#comment-9258 Sat, 05 Jul 2008 04:03:07 +0000 http://www.bawldguy.com/independence-day-let-us-never-forget-the-cost-of-our-freedom/#comment-9258 Jeff, Well said. Happy 4th of July and hats off to anyone who has served our country in the military. We owe them more than they owed us. Tom Jeff,

Well said. Happy 4th of July and hats off to anyone who has served our country in the military. We owe them more than they owed us.

Tom

]]> Comment on Independence Day! Let Us Never Forget The Cost Of Our Freedom by BawldGuy http://www.bawldguy.com/independence-day-let-us-never-forget-the-cost-of-our-freedom/#comment-9250 Fri, 04 Jul 2008 18:49:34 +0000 http://www.bawldguy.com/independence-day-let-us-never-forget-the-cost-of-our-freedom/#comment-9250 Hey Kam! Same to you. How's the cleanup coming? Are you able to function somewhere near normal these days? Hey Kam! Same to you. How’s the cleanup coming? Are you able to function somewhere near normal these days?

]]> Comment on Independence Day! Let Us Never Forget The Cost Of Our Freedom by Kam Hubbard http://www.bawldguy.com/independence-day-let-us-never-forget-the-cost-of-our-freedom/#comment-9247 Fri, 04 Jul 2008 18:43:17 +0000 http://www.bawldguy.com/independence-day-let-us-never-forget-the-cost-of-our-freedom/#comment-9247 Very true patriotic article. Happy 4th of July Jeff! Very true patriotic article. Happy 4th of July Jeff!

]]> Comment on Understanding The Difference Between Flipping And Being A Real Estate Investor by BawldGuy http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9245 Fri, 04 Jul 2008 18:17:35 +0000 http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9245 Joshua -- Now there's an idea! :) Be safe Big Guy. Joshua — Now there’s an idea! :)

Be safe Big Guy.

]]> Comment on Understanding The Difference Between Flipping And Being A Real Estate Investor by Joshua http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9244 Fri, 04 Jul 2008 18:02:43 +0000 http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9244 I was waiting for a post like this. Flipping is a job; simply put. Those "easy" profits should have been used the same as anyone working a corporate 9-5 by investing a portion in their long term purposeful plan. I was waiting for a post like this. Flipping is a job; simply put. Those “easy” profits should have been used the same as anyone working a corporate 9-5 by investing a portion in their long term purposeful plan.

]]> Comment on Understanding The Difference Between Flipping And Being A Real Estate Investor by BawldGuy http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9242 Fri, 04 Jul 2008 16:58:47 +0000 http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9242 Robert -- Thanks for the visual. LOL As anyone who reads our frequent give and take comments, we probably agree 80% or more of the time. We just couch it differently. Your pithy observation about the boom years flippers is on point. But my point remains the same: Whether the market is good, bad, or 'normal', the flipper can't easily exit the treadmill they've hopped on. Selling to flippers? A whole different post altogether. Robert — Thanks for the visual. LOL

As anyone who reads our frequent give and take comments, we probably agree 80% or more of the time. We just couch it differently.

Your pithy observation about the boom years flippers is on point. But my point remains the same: Whether the market is good, bad, or ‘normal’, the flipper can’t easily exit the treadmill they’ve hopped on.

Selling to flippers? A whole different post altogether.

]]> Comment on Understanding The Difference Between Flipping And Being A Real Estate Investor by Robert Coté http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9241 Fri, 04 Jul 2008 15:05:28 +0000 http://www.bawldguy.com/understanding-the-difference-between-flipping-and-being-a-real-estate-investor/#comment-9241 <i>Most flippers though, earn their profits fairly, pay their taxes, then move on to the next one.</i> Most <b>professional</b> flippers though, earn their profits fairly, pay their taxes, then move on to the next one. The last few years have been awash with amateurs who have worse than no clue but very wrong ideas. They weren't the same animal and some of them haven't been burned yet. They are still out there with a successful last deal looking for that flip that will break them. The market rose so much so fast even the incompetent made money giving them a false sense of mastery of a difficult business. There's nothing wrong with selling to a flipper as long as that's what you are doing. Taking back a note is not selling, it is a partnership with you as first loss target and deep pocket liable. And the other things, don't participate in any convoluted transactions that could make you an accomplice to tax fraud. And it should go without saying never, never, never give a flipper access to the property before the check clears. I'm beginning to feel like the little contrarian elf that sits on Jeff's shoulder and whispers negative things in his ear. :-( Most flippers though, earn their profits fairly, pay their taxes, then move on to the next one.

Most professional flippers though, earn their profits fairly, pay their taxes, then move on to the next one. The last few years have been awash with amateurs who have worse than no clue but very wrong ideas. They weren’t the same animal and some of them haven’t been burned yet. They are still out there with a successful last deal looking for that flip that will break them. The market rose so much so fast even the incompetent made money giving them a false sense of mastery of a difficult business.

There’s nothing wrong with selling to a flipper as long as that’s what you are doing. Taking back a note is not selling, it is a partnership with you as first loss target and deep pocket liable. And the other things, don’t participate in any convoluted transactions that could make you an accomplice to tax fraud. And it should go without saying never, never, never give a flipper access to the property before the check clears.

I’m beginning to feel like the little contrarian elf that sits on Jeff’s shoulder and whispers negative things in his ear. :-(

]]> Comment on What Clause Might Save Grief For The Real Estate Investor? by BawldGuy http://www.bawldguy.com/what-clause-might-save-grief-for-the-real-estate-investor/#comment-9234 Fri, 04 Jul 2008 04:23:02 +0000 http://www.bawldguy.com/what-clause-might-save-grief-for-the-real-estate-investor/#comment-9234 Thanks David! Oh, and Readers? David's the real estate attorney we refer our clients to, and will use ourself as necessary. He is WAY beyond the real deal. Have a great 4th, David. Thanks David!

Oh, and Readers? David’s the real estate attorney we refer our clients to, and will use ourself as necessary. He is WAY beyond the real deal.

Have a great 4th, David.

]]>