About BawldGuy

I'm second generation real estate, first licensed in fall of 1969. Having been mentored by several iconic brokers, I'm also CCIM trained, having completed all 200 hours back in 1980. Have successfully executed well over 200 tax deferred exchanges, many of which have been multi-state in nature. Strong points are analysis and the creation and real world application of Purposeful Plans employing several strategies synergistically. The idea is to arrive at retirement with the most after tax income possible, backed by the largest net worth.

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The Physics Of Real Estate Investing Will Not Be Mocked

No matter what spin one puts on it, every part of life has its own set of ‘physics’. There are certain truths, which when violated, will exact predictable consequences. Jump of a three foot high doghouse onto the lawn, and you’ll be fine. Take a fall from 100 feet up? Not so fine. Gravity works every time it’s tried. Engineers make it our friend whenever possible. Get water hot enough and it turns into steam. Pretty soon it’s gone. Works every time.

Negative leverage — Thou shalt not

If the cost of money borrowed in the process of acquisition cost more, in terms of interest rate than the subject property ‘returns’? You’ve entered the land of negative leverage. It’s akin to the guy whose intention was to fill the hole up, only to discover he’s been diggin’ it deeper and deeper. In the end, it never works.

Law: An investment property shall generate a yield greater than the cost of money it took to acquire it.

Appreciation in value [Read more...]

An Increasingly Common Event – Breaking Bread With a Real Estate Investment Client

Tuesday night I was able to meet a New York area client for dinner — in San Diego. He was here for a couple weeks to have the life sucked from his brain via his industry’s version of ‘continuing education’. That’s where the curriculum is 90% stuff you already know, or stuff that won’t matter if you live another 100 years. He was a little worn down.

However, a little filet, lobster, and shrimp later, we were reviewing Plans, and strategizing like champs. Dinner with James was the highlight of this week, hands down. I like the trend I’ve seen developing the last year or so. Clients and those wanting to explore become clients are giving me a heads up when they’re gonna be in my neck of the woods. It allows us to spend time together, share a meal, and maybe even polish up their Plans a bit. Since 95% of my clientele live 300-3,000 miles away, sometimes farther, it’s an opportunity I covet.

Gimme a heads up, OK?

So, if you’re gonna be in shoutin’ distance of San Diego and wanna meet up to say hi, let’s have some coffee or break some bread together. You’ll be doin’ me a favor by providing a fix that day. :) I have my afternoon coffee daily between 1:30 and 3. Whether it’s at the office or with you at Starbucks, I’m gonna have it. All things being equal, I’d rather it be with you. Same with lunch, or, if it’s on the weekend, breakfast works too.

BawldGuy Reminder: I’m in the final edit of the first ever newsletter. It’ll be sent in the next couple three days. If you’re interested, it’s pretty simple to subscribe. Just go up top to the ‘Join our mailing list’ box and put your name/email address in, then click ‘Sign Up’ and you’re done. The newsletter will treat many of the topics I address here, but either from a different slant, or in more depth. I’d love to see ya there.

Alrighty then — we covered meals and coffee. Check. Newsletter. Check. The only thing left is for you go call me at 619 889-7100 so we can put our heads together to make your retirement what you’ve wanted it to be. If you’d rather, click the Contact BawldGuy button up top, and send me a note. Have a good one.

Life Offline

So my sad story is the aforementioned dead hard drive. One contributor just returned from a death in the family. Another is apparently unable to post due to scheduling. Chad Emerson has just switched lenders (a VERY positive move) and is gettin’ set up. Then there are the two ladies in his life who get preference over his contributions here. Go figure, life ain’t fair, right? :)

What this means for you is that there hasn’t been much posting lately. I’m tryin’ to rectify that and have been told we should resume normalcy very soon if not immediately.

I for one will write something of interest tomorrow. Thanks so much for your patience and your loyalty. We never take either for granted.

Oh, by the way. My twice monthly newsletter will be sending its first ever edition next week. If that interests you, you may subscribe up top and to the right.

Have a good one — BawldGuy

Email Problems – A Heads Up

Hey people — if you’ve either written me directly, using my company email address, or sent me a message via ‘Contact BawldGuy’, I’m not ignoring you. There’s been a problem with settings (mostly mine) and it should be fixed this weekend. So, if you’re wondering why I’ve not replied to you, that’s it.

I do have an address that’s apparently immune to these sorta problems. If you wanna, for the time being, use this one:

bawldguy@mac.com

Meanwhile, thanks for your patience. If you have any extra, send it my way, OK? :)

Hey, BawldGuy – Allow Me To Introduce Mr. Murphy

Yesterday was goin’ so well. The sun set. Murphy moved stealthily in for some mischief. Seems my laptop had been performing too well for much too long. Then, Boom! Hard drive puts itself in my electronic virtual rearview mirror. ‘Course, there’s always a bright side. This afternoon I brought home the most bestest MacBook Pro ever. It made me some red velvet cupcakes that were to die for.

Anywho, my entire day was devoted to not givin’ in to Murphy and his band of thugs. In the end, I end up with two laptops, one with a new hard drive, and my brand new baby. ‘Course if it wasn’t for a SuperGeek buddy of mine, life woulda been a lot tougher today. So, thanks Matthew, you were the ‘guy’ I called today.

For those who don’t know this about me, I’m President for Life of TechTards Anonymous.

Sometimes you can fight Murphy to a draw. Today was one of those days.

Call me before Murphy decides it’s your turn in his barrel. You’ll reach me at 619 889-7100. If you’d rather write me, just click the Contact BawldGuy button up top. Have a good one.