Comments on: Do-Overs? Not When It Comes To Time Or Foundations http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/ Real Estate Investing through Purposeful Planning Wed, 07 Jan 2009 02:52:50 +0000 http://wordpress.org/?v=2.0.11 by: Jeff Brown http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6850 Sun, 02 Mar 2008 20:54:25 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6850 Thanks Tony -- I just returned last night from an an outa town Brown & Brown seminar. When I spent a few minutes on this subject there were a few investors who almost literally had a light bulb go on above their heads. :) Thanks Tony — I just returned last night from an an outa town Brown & Brown seminar. When I spent a few minutes on this subject there were a few investors who almost literally had a light bulb go on above their heads. :)

]]> by: Tony Gallegos http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6837 Sun, 02 Mar 2008 04:46:24 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6837 Jeff - Great post build on a solid foundation! Jeff - Great post build on a solid foundation!

]]> by: Do-Overs? Not When It Comes To Time Or Foundations | The Long List of Odysseus Medal Nominees | Realtors and real estate, mortgages, lending, investments http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6775 Fri, 29 Feb 2008 01:30:52 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6775 [...] Do-Overs? Not When It Comes To Time Or Foundations, by Jeff Brown. [...] […] Do-Overs? Not When It Comes To Time Or Foundations, by Jeff Brown. […]

]]> by: Cher http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6769 Thu, 28 Feb 2008 19:25:42 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6769 Hilarious...Yes, if we had an uncracked crystal ball, then no day job needed! I think the best possible world is an "income" without a day job, something diversified from R.E. holdings...like a life insurance product that pays all personal expenses (and travel)...non taxable, of course. With monthly expenses covered, one can wail with the buying and selling of Real Estate and cash flow from property can be used for luxuries or tithing. OK, that's my vision of the perfect situation. Dreams are good. Hilarious…Yes, if we had an uncracked crystal ball, then no day job needed!
I think the best possible world is an “income” without a day job, something diversified from R.E. holdings…like a life insurance product that pays all personal expenses (and travel)…non taxable, of course. With monthly expenses covered, one can wail with the buying and selling of Real Estate and cash flow from property can be used for luxuries or tithing. OK, that’s my vision of the perfect situation. Dreams are good.

]]> by: Jeff Brown http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6767 Thu, 28 Feb 2008 17:54:19 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6767 Cher -- Though regular readers here will assume I'd insist on massive cash reserves, it never hurts to keep that concept front and center. Newer properties are better than the alternative for sure. Investors are always hostage to the market in which they're in at any particular time. Though day jobs have the obvious income benefit, I'd trade that any time for an uncracked crystal ball. :) Cher — Though regular readers here will assume I’d insist on massive cash reserves, it never hurts to keep that concept front and center.

Newer properties are better than the alternative for sure. Investors are always hostage to the market in which they’re in at any particular time.

Though day jobs have the obvious income benefit, I’d trade that any time for an uncracked crystal ball. :)

]]> by: Jeff Brown http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6766 Thu, 28 Feb 2008 17:48:27 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6766 Thanks Vance -- Unlike NAR, I don't think it's always a great time to buy. :) Now however is one of the best opportunities in over a decade. It's investors like you who will make the biggest hits. Thanks Vance — Unlike NAR, I don’t think it’s always a great time to buy. :) Now however is one of the best opportunities in over a decade. It’s investors like you who will make the biggest hits.

]]> by: Cher http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6763 Thu, 28 Feb 2008 15:43:02 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6763 Yes, that extra property makes a huge difference but with the following qualifications: 1) You must keep some reserves either in a credit line or in cash..a few thousand per property 2) Buy newer properties or if older make sure there is little deferred maintenance 3) It's easier to be an investor if you have a day job or some cash flow coming in. Do not depend on the properties for cash flow. If they do cash flow, then its a bonus. 4) Interest only loans at the minimum and preferably as BG states above P&I loans in this market to protect during the "U" and to gain a little equity along the way. Yes, that extra property makes a huge difference but with the following qualifications:
1) You must keep some reserves either in a credit line or in cash..a few thousand per property
2) Buy newer properties or if older make sure there is little deferred maintenance
3) It’s easier to be an investor if you have a day job or some cash flow coming in. Do not depend on the properties for cash flow. If they do cash flow, then its a bonus.
4) Interest only loans at the minimum and preferably as BG states above P&I loans in this market to protect during the “U” and to gain a little equity along the way.

]]> by: Vance Shutes http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6762 Thu, 28 Feb 2008 14:02:15 +0000 http://www.bawldguy.com/do-overs-not-when-it-comes-to-time-or-foundations/#comment-6762 Jeff, Being an investor myself, and working with investors on property, you've hit the nail on the head with this post. What a great analogy! Time waits for nobody, so now is the best time to get started on a property investment strategy. Jeff,

Being an investor myself, and working with investors on property, you’ve hit the nail on the head with this post. What a great analogy! Time waits for nobody, so now is the best time to get started on a property investment strategy.

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