Comments on: Retirement Through Real Estate Investment — Constructing The Plan http://www.bawldguy.com/retirement-through-real-estate-investment-constructing-the-plan/ Real Estate Investing through Purposeful Planning Thu, 11 Mar 2010 15:12:13 -0800 http://wordpress.org/?v=2.9.2 hourly 1 By: Cher http://www.bawldguy.com/retirement-through-real-estate-investment-constructing-the-plan/comment-page-1/#comment-427 Cher Thu, 22 Feb 2007 00:45:30 +0000 http://www.bawldguy.com/2007/02/21/retirement-through-real-estate-investment-constructing-the-plan/#comment-427 OK, now I get it...it is past life Karma :) Yep, we do not dare ignore Murphy. We do our best reading and hatching of ideas at that Starbucks. We will run into you sometime, I'm sure. We love those gals. OK, now I get it…it is past life Karma :)
Yep, we do not dare ignore Murphy.
We do our best reading and hatching of ideas at that Starbucks. We will run into you sometime, I’m sure. We love those gals.

]]> By: BawldGuy http://www.bawldguy.com/retirement-through-real-estate-investment-constructing-the-plan/comment-page-1/#comment-426 BawldGuy Wed, 21 Feb 2007 21:03:44 +0000 http://www.bawldguy.com/2007/02/21/retirement-through-real-estate-investment-constructing-the-plan/#comment-426 Frankly Cher, I just think you really irritated Murphy in another life. :) What we both know is that ignoring Murphy is usually done at great risk. Thanks for the kind words. BTW, I think the Starbucks employees at our new store are some of the best I've seen. Frankly Cher, I just think you really irritated Murphy in another life. :)

What we both know is that ignoring Murphy is usually done at great risk.

Thanks for the kind words.

BTW, I think the Starbucks employees at our new store are some of the best I’ve seen.

]]> By: Cher http://www.bawldguy.com/retirement-through-real-estate-investment-constructing-the-plan/comment-page-1/#comment-425 Cher Wed, 21 Feb 2007 20:49:42 +0000 http://www.bawldguy.com/2007/02/21/retirement-through-real-estate-investment-constructing-the-plan/#comment-425 Jeff, I am sure glad to hear you say, "break even only serves as a challenge to Murphy". I thought I was the only one who went for over 2 yrs with a negative cash flow on a property that "on paper" was suppossed to cash flow.(appreciation made up for it, tho) I am officially the poster child for Murphy attacks. Keep in mind that in Boise with new property, you might get the surprise of providing a refrigerator and window coverings...total bill before the renter moves in over $2K out of pocket for each property. That's why Jeff is so smart to remind us so often to have a sominex account. Another thing I've learned is that if you are a little off profile (don't have a six figure job and are going full doc for loans) be prepared for a change in LTV. If they promise 10% down, it could change to 20%. Then your reserves will be seriously dented. However, even with all these bumps and grinds, R.E. investment with Jeff is VERY profitable if you can weather the "Murphy attacks". Jeff you are too funny. The way you decribe Murphy is so so true for some of us!! Thanks for giving us perspective. Jeff, I am sure glad to hear you say, “break even only serves as a challenge to Murphy”.
I thought I was the only one who went for over 2 yrs with a negative cash flow on a property that “on paper” was suppossed to cash flow.(appreciation made up for it, tho)
I am officially the poster child for Murphy attacks.
Keep in mind that in Boise with new property, you might get the surprise of providing a refrigerator and window coverings…total bill before the renter moves in over $2K out of pocket for each property.
That’s why Jeff is so smart to remind us so often to have a sominex account.
Another thing I’ve learned is that if you are a little off profile (don’t have a six figure job and are going full doc for loans) be prepared for a change in LTV. If they promise 10% down, it could change to 20%. Then your reserves will be seriously dented.
However, even with all these bumps and grinds, R.E. investment with Jeff is VERY profitable if you can weather the “Murphy attacks”.
Jeff you are too funny. The way you decribe Murphy is so so true for some of us!!
Thanks for giving us perspective.

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