by on May 2, 2012 Leave a Comment

Real Estate Investing For Retirement – Purposeful Planning IV

This is the fourth in a series, illustrating the process used in Purposeful Planning. The previous posts can be found here, here, and here. Today we’ll be going over Step #4 . . .

Gathering all of your information together in one place — Known more commonly as “Yer kiddin’ me, right?”

First off is your age(s).

This is crucial for many of the Captain Obvious reasons you’d suspect, but for some, other reasons as well. Under 40ish? The world is your oyster if you have at least starting capital, a reliable income, and reasonable financial discipline.

40-50? You can still kick major bootie in the arena of retirement income. You’ll just hafta get on your horse and hit the trail with serious intent. Regardless of those who’re constantly tellin’ us otherwise, real estate investing for retirement is definitely a contact sport. Never forget — one of the most important ingredients in every Purposeful Plan is FLEXIBILITY.

Over 50? That age group must pay rapt attention to three factors. [Read more...]

Filed Under: Purposeful Planning, Retirement Income
by on April 11, 2012 10 Comments

Real Estate Investing For Retirement – Purposeful Planning III

BawldGuy Note: By necessity, this post is longish. I promise you though, it’ll be worth it. This step in the Purposeful Planning process is often overlooked and its value discounted. That isn’t advised, as you’re about to learn. Thanks for readin’ through.

We’re finishing up Step #3 in the process of creating a Purposeful Plan. In yesterday’s post we created an investor, giving them a financial ‘status quo’ based upon my ongoing experience. Turns out they have decisions to make about the potential sources of their investment capital.

The decision is crucially important.

In this virtual case study, it’s sometimes possible that this decision can and will dictate the quality of retirement possible. It’s akin to laying a building’s foundation. The larger, deeper, stronger, and more reenforced it is, the larger the building can be built. It’s how real estate investors begin that will often ensure success, failure, or merely mediocrity. Many times the difference in starting with more or less available capital can literally make or break the end game goal.

Factors they are considering. [Read more...]

Filed Under: 401(k)'s & IRA's, Purposeful Planning, Retirement Income
by on April 10, 2012 2 Comments

Real Estate Investing For Retirement – Purposeful Planning II

Last week we talked about the first two steps in the Purposeful Planning process. If ya missed it, go ahead and catch up. We’ll wait.

Today let’s talk about the third step of any Purposeful Plan.

Step #3 — Identify your source(s) of investment capital.

Seems self-explanatory doesn’t it? Much of the time it is. There’s the cash in the bank. Maybe some stocks here and there. Or, takin’ advantage of today’s historic low interest rates, maybe the home equity is calling to you to put it somewhere else. You know, to more effective use. But, what most don’t even consider, is where many have bunches of available real estate investment capital — A 401k or IRA from a previous employer. An IRA sittin’ dormant for the last few years. Your instincts stopped you from continually adding to it, but you’ve been stymied from that point for awhile.

The case for gutting your 401k or IRA [Read more...]

Filed Under: 401(k)'s & IRA's, Purposeful Planning, Retirement Income
by on April 5, 2012 2 Comments

Attention First Time (2nd Time?) Real Estate Investors

One thing many first time real estate investors learn is that what they perceive as their potential menu of options is mistaken. What’s encouraging is that as often as not, they’ve unvalued what’s actually possible, given their specific circumstances.

It’s fun watching conversations go from, “I think we can do this little bit” to, “We can do that? Really?! Sweet.”

I’ll be talkin’ soon about a youngish couple who’ve now been clients for a short few months. They’re textbook examples of what happens as real analysis weaves its way through the financial forrest of facts and fiction. When I say fiction, I mean in the sense that sometimes we find what we thought was this way, is actually the other way, plus a couple right turns. Add a little knowledge, a little expertise and experience, and before ya know it, KaBoom! Your Purposeful Plan is suddenly bursting with the promise of a magnificently abundant retirement. [Read more...]

Filed Under: Purposeful Planning, Real Estate Investing, Retirement Income
by on April 4, 2012 1 Comment

Real Estate Investing For Retirement – Purposeful Planning

If you’ve read a very few posts here, you realize the foundation of what I do is Purposeful Planning. It’s not a motto. It’s a modus operandi. Though each client’s Plan is custom fitted for their specific circumstances, both financial and family, paradoxically they’re all the same. Think two completely dissimilar lookin’ skyscrapers, across the street from each other. There may be dozens of significantly different factors between them. But the principles on which they were built were virtually identical. An example would be their deeply embedded, multi-ingredient foundations, which are likely identical in nature.

For those who’ve never seen a quick, down ‘n dirty explanation of a Purposeful Plan, this should help.

The Purpose of any such Plan is to get where you are today, to retirement. The idea is to make the trip safely, always aware that Murphy knows where we all live, and is a very vigilant pain in the butt. Two goals are what fuels most of us when retirement is the topic.
Retirement is appreciated sooner rather than later — and — a magnificently abundant income is held in high regard.

[Read more...]

Filed Under: Purposeful Planning, Real Estate Investing
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