Excuse the weak posting schedule, as I’ve been marching to a totally different drummer. Daughter’s wedding is Saturday. Need I say more? Didn’t think so. 
Thanks for your patience.
Time is Tight – I’m a Male Private In An All Female Wedding Army
Random Thoughts On San Diego Real Estate Investment Market
Yesterday got away from me, so I’ll talk a bit about what I’ve been thinkin’ lately about my local market, San Diego County. Before I start, I sure wish somebody had warned me about how all the women involved in wedding planning go totally nutball crazy — and that it only gets worse as the date approaches. Each week I seem to lose more hours saluting intense looking ladies as I march off to do their bidding.
Anywho, I’ve been toolin’ up for my imminent return to the San Diego investment property market. Ya might wanna get that look of horror off yer face, cuz I still refuse to be a part of any Brown and Brown client investing long term in San Diego — ain’t gonna happen. What will be happening is the orderly migration of local investment property equities to regions better suited to achieving the investor’s original Plan — to retire well. [Read more...]
Your Self-Directed IRA is Possibly the Worst Mistake You Made?!
What Are You Telling Me?!?!
Many a blog and article have been written by this author and others about the benefits associated with a self-directed IRA and 401K. So, that being said, why would this post even begin to state that establishing a self-directed IRA might be the worst mistake you ever made?! Why would the ability to self-direct one’s own retirement assets be a bad thing…let alone the worst mistake an individual may have made?
First, let’s break this down a bit. In general, the title of this article reflects an opinion that most do not hold. The benefits of a well-structured, self-directed IRA account are many. However, here is the rub:
Do you really know what you are doing with your self-directed IRA? Have you, and how do you know, that your investment choices fit the stringent IRS rules regarding prohibited transactions? [Read more...]
Self-Directed IRAs/401(k)s – The Maze of Custodians, Administrators and Facilitators
Today brings another ‘slam dunk’ expert as the newest contributor here. John Park owns PGI Agency a firm specializing in Self-Directed IRAs and 401Ks. His company helps those who prefer more actual, hands-on control of their qualified plans. Welcome to BawldGuy Talking, John.
It CAN really feel like a maze sometimes!
More and more self-directed “providers” are popping up and clients (YOU) begin getting confused regarding one company that states they are a custodian, another that says they are an administrator and yet another that serves as a facilitator, and so on. They know that surely there must be a difference between them, but typically could not even begin to explain the differences. [Read more...]
Real Estate Investors – Learn To Make Time Your Friend
It’s easy to say, isn’t? Just make time your friend. Rolls right off the tongue effortlessly. Like so many things in life, an easy concept to grasp. The execution? Not always so. What can you do to get time over to your side of the table?
First thing outa da chute ya wanna understand what happens when ya lose. Most times, it’s not catastrophic. It’s a down year maybe, sometimes more. If the loss leaves your income property viable, as is the case most of the time, the real downside is what happens after the smoke clears. And what’s that? You’re on the investment treadmill, that’s what. You get tired, but end up going nowhere. It’s the time it takes for you to get back to where you were before the loss — time you’ll never get back. Why is it so important? Simple — while you’re spendin’ three years just gettin’ back to square one, you will have also had three birthdays. At that point, time wasn’t your friend. [Read more...]
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