The Folly Of Missin’ The Same Bus Twice — Pay Attention Real Estate Investors
Posted @ 10:57 pm - Filed under 1031 Exchanges, Purposeful Planning, Retirement, San Diego Property Owners, Retirement Income, Market Correction, Leverage, Capital Growth
This’ll be short ‘n sweet.
When I first recognized a correction was headed our way, back in ‘03, I made plans to adjust. Very shortly thereafter, Brown and Brown was on its way Outa Dodge. The correction hit like Satan’s hammer in late summer of ‘05. We were ready for it.
If it wasn’t for our own Purposeful Plan, the firm, and our clients would be stuck in San Diego wondering why nobody wants to buy their ancient income properties for prices demanding 40% down and more in order not to lose money every month.
Meanwhile, back at Outa Dodge Ranch, real estate investors all over the country were discovering more vibrant markets. Our clients were among them. The best return for them was being out of San Diego’s market. Over the next 10-20 years, it’ll mean an additional $500,000 to $2 Million per investor in terms of net worth.
So tell me again why yer holdin’ on to your San Diego income property like a dog with a bone? Many of you missed the bus the first time, before the market correction hit. Don’t miss it the second time — which is pretty much, well, uh, now.
What does it mean to your retirement? In terms of retirement income it means the San Diego real estate investor who gets their equity Outa Dodge now, will receive an extra $2,500-12,000 — every month.
Most folks, if they never benefit from more than 5% annual appreciation, but make use of prudent leverage, will take home an extra $5,000 monthly just by executing a tax deferred exchange out of San Diego, or any place like it — now. It’s only at that point it’s even possible to resume some kind of positive capital growth rate. (Northern and Central California — you listening?)
That ain’t chump change, as Grandpa used to say.
No, it ain’t.
So, ya gotta ask yourself — why? Why haven’t you sent me a note, or hit the Contact BawldGuy thingy, to begin a conversation? I’m the easiest guy around to get a hold of. Ask anybody. Have a good one.
Oh, almost forgot. GO CHARGERS!!!
This entry was posted on Saturday, September 13th, 2008 at 10:57 pm and is filed under 1031 Exchanges, Purposeful Planning, Retirement, San Diego Property Owners, Retirement Income, Market Correction, Leverage, Capital Growth. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.