by on April 16, 2012 12 Comments

How Entities Can Affect Your Real Estate Financing

BawldGuy Here: Clint Coons is back! Having searched quite awhile for an asset protection specialist/attorney, I found Clint. In order to ‘vet’ him, I attempted to attend one of his 2-day seminars incognito, which was conveniently being held 20 minutes from my office. The incognito succeeded right before it didn’t. :) We talked, he became a contributor. His time here was temporarily interrupted, but we’re happy as all get-out to welcome him back. I know you’ll find this initial homecoming post more than a little helpful. Enjoy . . .

catAs my clients approach the April 15 filing deadline questions are raised as they look at their existing planning after conversing with their CPA. Invariably, a few will ask themselves if tweaks should be implemented for the upcoming year. My answer is always the same; you could, but at what cost?  I am not referring to money, although some changes will definitely cost you, but the cost from a practical investing standpoint.  As an active real estate investor who is currently in the process of closing on three properties in Texas, I am reminded that although asset protection is very important, so is practicality. [Read more...]

Filed Under: 1031 Exchanges, Asset Protection, Real Estate Investing Tagged With: , , , , ,
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
by on April 2, 2012 Leave a Comment

Real Estate Investing – Where’s the Beef, BawldGuy?

Is it just me, or has the posting been pretty thin lately? Know what Murphy relies on when he goes on vacation? Logistics, that’s what. :) Though it hasn’t been totally due to logistical train wrecks, the last coupla weeks haven’t exactly been my friend. At least not as it relates to writing.

Then there are this space’s stellar contributors. It’s tax time. How many extra seconds do ya think Chuck Perkins has these days? I wouldn’t be him at tax time for a million extra bucks in depreciation. Then there’s Mr. Emerson. Chad’s been very busy gettin’ loans funded for BawldGuy clients. ‘Course, the investigation is ongoing, lookin’ into exactly who it was that granted him time for a family vacation, short or not. Who does he think he is, anyway? The gall is impressive, I’ll give him that much. [Read more...]

Filed Under: Real Estate Investing
by on March 26, 2012 1 Comment

Expectations – Real Estate Investing and EIULs Are About The Long Run

I live in the White Mountains of New Hampshire. We live for ski season here. This week the ski season ended almost a month earlier than it usually does because of unseasonably warm weather over the last couple weeks. This is on top of the season starting a couple of weeks late. People are pretty bummed here for that reason. But the reality was, other than the shortness of the season, it was good. We got in a lot of skiing this year. My son made major strides in his ability. My wife and I skied many, many days. It’s just that our expectations were not met so it seems bad because last season was a very long season. The big picture is that some seasons are like this, short and sweet. Some are even worse. We are basing our expectations on last season, which was above average in length.

Same about expectations on investing for retirement. [Read more...]

Filed Under: EIUL, Purposeful Planning, Real Estate Investing, Uncategorized
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