Get Your Real Estate investment Equities Outa San Diego – Here’s Why

This is a San Diego county duplex. It’s for sale, asking about $470,000. The units consist of a 2 bedroom 1 bath, and a 1 bedroom 1 bath. It was built 65 years ago. The rents are $1,375 and $1,050, which are about right, give or take. I’m intimately familiar with the neighborhood, as I’ve lived and officed in and around it since 1979. I’ve jogged by this property countless times. My kids went to the school district. My boy played winter ball at the nearby Little League field. In fact, he hit his first ever homer there. It hit the scoreboard in right centerfield.

The landscaping is pretty cool, isn’t it? It’s not the norm in San Diego as many might think, but it’s not rare either. Makes for pretty good curb appeal, that’s for sure. Anywho, let’s get started.

A note here, for those readers who might think, even a little bit, that I picked this duplex for it’s crummy location etc. Not hardly, as I’d easily apply the BawldGuy Mom Rule to this property without the slightest hesitation. I know this area like the back of my hand, having lived in or nearby the neighborhood since 1967 when I was 16. What’s the BawldGuy Mom Rule for Heaven’s sake?

BawldGuy Mom Rule: Brown and Brown Investment Properties policy is that no client shall be advised to invest in real estate in which I wouldn’t put my 80 year old mom to live alone. Period, over ‘n out, no exceptions. Hence the name of the rule.

The numbers tell the story  [Read more...]

A US Citizen Investing In Foreign Real Estate

Knowledgeable investors can find some great real estate investments in foreign countries. You do need to be aware of many more laws regulations though when you make these investments and there often are some financial risks that you might not normally see when investing in US properties.
For US citizens that invest in real estate outside of the United States there are special reporting requirements that may be imposed. Rental properties will create income and expenses that must be reported on your US tax return and will also require filing a foreign tax return for the country where the real estate is located.

Often times though real estate will be held in an entity such as a trust, partnership or corporation. All of these entities will require a special information return to be filed disclosing information to the IRS about this foreign entity. [Read more...]

The Last Decade Or So In One Picture – Speaks For Itself

Attention Aging Baby Boomers: Abundant Retirement Income Still On Your Menu

About once weekly, sometimes more, I have a conversation with a fellow Boomer who’s had a rough day. It started the night before when their mind wouldn’t stop dialin’ 911. A realization had slammed into their psyche with the force of a car from the blind side. Their retirement plan simply wasn’t producing results. Here are the common denominators of these calls. [Read more...]

Real Estate Investing For Retirement – A Short Review

Every year I’m blessed to have dozens and dozens of conversations (I call most of ‘em fixes.) with folks either wanting to get started on a real estate investment plan, or current investors who’d like to get back on track from a minor derailment. Both share a keen desire to achieve a magnificently abundant retirement. Sometimes I can help, sometimes not. I do my best to at least show them the direction in which to go.

Here are some things to ponder — food for thought if you will.

Know where you are now. Rudimentary? You bet. But try gettin’ to any ‘Point B’ without knowin’ your ‘Point A’ and see how it works out. :)

• Understand how crucial it is to comprehend the difference between capital growth and cash flow — when to use one or the other — and when to shift gears from one to the other. [Read more...]