Comments on: The Costs Of Real Estate Investing Are High These Days — Get Over It http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/?utm_source=rss&utm_medium=rss&utm_campaign=the-costs-of-real-estate-investing-are-high-these-days-get-over-it Real Estate Investing Through Purposeful Planning Sun, 20 May 2012 02:11:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BawldGuy http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2932 BawldGuy Fri, 15 Aug 2008 20:24:09 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2932 Dave S -- You said what many newbie real estate investors learn the hard way. [insert closing nightmare story here] Dave S — You said what many newbie real estate investors learn the hard way.

[insert closing nightmare story here]

]]> By: David Stejkowski http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2931 David Stejkowski Fri, 15 Aug 2008 20:16:56 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2931 Hey, don't forget about paying me! :D Seriously, sometimes clients can be penny wise and pound foolish. Case in point: instead of working with old reliable Lender A, you try working with Lender B to save 25 bps on a loan. Unfortunately as often as not, Lender B delays the closing because it doesn't know your business or hires an attorney to document the deal that ends up costing twice as much as before, or [insert closing nightmare story here]. The long and short of it is that you are spot on. Get the $%&*() job done and then buy some coffee, because we all know coffee's for closers! Have a great weekend. Hey, don’t forget about paying me! :D

Seriously, sometimes clients can be penny wise and pound foolish. Case in point: instead of working with old reliable Lender A, you try working with Lender B to save 25 bps on a loan. Unfortunately as often as not, Lender B delays the closing because it doesn’t know your business or hires an attorney to document the deal that ends up costing twice as much as before, or [insert closing nightmare story here].

The long and short of it is that you are spot on. Get the $%&*() job done and then buy some coffee, because we all know coffee’s for closers!

Have a great weekend.

]]> By: BawldGuy http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2930 BawldGuy Fri, 15 Aug 2008 17:40:05 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2930 Robert -- Excellent points, both. Robert — Excellent points, both.

]]> By: Robert Coté http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2929 Robert Coté Fri, 15 Aug 2008 17:38:19 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2929 Just don't let them see you cry. Same goes for laughing (on the way to the bank). Just don’t let them see you cry. Same goes for laughing (on the way to the bank).

]]> By: BawldGuy http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2928 BawldGuy Fri, 15 Aug 2008 17:31:11 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2928 I think josh had it right. More coffee. :) I think josh had it right. More coffee. :)

]]> By: Tom Vanderwell http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2927 Tom Vanderwell Fri, 15 Aug 2008 17:25:06 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2927 Jeff, You're right. I do run into that on a daily basis. That's why it's a necessity to take the time and actually talk with the customer so they can understand the long term picture. Oh, and I'll be nice to Josh, I just wanted to make sure we were talking about the same person..... Tom Jeff,

You’re right. I do run into that on a daily basis. That’s why it’s a necessity to take the time and actually talk with the customer so they can understand the long term picture.

Oh, and I’ll be nice to Josh, I just wanted to make sure we were talking about the same person…..

Tom

]]> By: BawldGuy http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2926 BawldGuy Fri, 15 Aug 2008 17:15:26 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2926 Dennis -- Thanks, folks are so entrenched in the cost/expense of everything these days. That's not a bad thing -- 'till it costs you a nice capital gain. Readers: Dennis is a very experienced and successful real estate investor himself. He knows whereof he speaks. Dennis — Thanks, folks are so entrenched in the cost/expense of everything these days. That’s not a bad thing — ’till it costs you a nice capital gain.

Readers: Dennis is a very experienced and successful real estate investor himself. He knows whereof he speaks.

]]> By: Dennis Fassett http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2925 Dennis Fassett Fri, 15 Aug 2008 17:07:40 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2925 Nicely done Jeff - and so true. We need to have a long term focus and a portfolio profitability viewpoint rather than nickle and diming ourselves out of really great deals. Nicely done Jeff – and so true.

We need to have a long term focus and a portfolio profitability viewpoint rather than nickle and diming ourselves out of really great deals.

]]> By: BawldGuy http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2924 BawldGuy Fri, 15 Aug 2008 17:05:46 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2924 Dave -- Your Wall*Mart analogy reminds me of a real life example. When I was 16, Dad bought me a Wilson A2000 baseball glove as a reward for some work I'd done. It was 1967, and he was nearly apoplectic at it's price tag -- $59.95. Fast forward to 1993. My son, at my request, used that glove for his last Little League season. We had to have it reconditioned 'cuz it had been spiked once on a play at third base. (I got spiked on that play too. Still have the scar on my ribs.) Quality -- 26 years old, and the glove was still better than anything out there. That model is still one of the handful of gloves in the major leagues preferred by players. The cost? A bunch. The benefit? It did the job for which it was designed for over a quarter century. Works for me. By the way, Josh wanted his own A2000 the next year. So we retired my glove and bought him his own. Holy crap on a cracker Batman! $154.95! :) Dave — Your Wall*Mart analogy reminds me of a real life example.

When I was 16, Dad bought me a Wilson A2000 baseball glove as a reward for some work I’d done. It was 1967, and he was nearly apoplectic at it’s price tag — $59.95.

Fast forward to 1993. My son, at my request, used that glove for his last Little League season. We had to have it reconditioned ‘cuz it had been spiked once on a play at third base. (I got spiked on that play too. Still have the scar on my ribs.)

Quality — 26 years old, and the glove was still better than anything out there. That model is still one of the handful of gloves in the major leagues preferred by players.

The cost? A bunch. The benefit? It did the job for which it was designed for over a quarter century.

Works for me.

By the way, Josh wanted his own A2000 the next year. So we retired my glove and bought him his own.

Holy crap on a cracker Batman! $154.95! :)

]]> By: BawldGuy http://bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2923 BawldGuy Fri, 15 Aug 2008 16:56:57 +0000 http://www.bawldguy.com/the-costs-of-real-estate-investing-are-high-these-days-get-over-it/#comment-2923 Thanks Tom -- You must go through this 'the costs are too high' thing daily. And be easy on Josh. When he hasn't had his coffee he reverts to the whole midwest 'respect yer elders' thing. :) Of course, when I was young... Oh, never mind. :) Thanks Tom — You must go through this ‘the costs are too high’ thing daily.

And be easy on Josh. When he hasn’t had his coffee he reverts to the whole midwest ‘respect yer elders’ thing. :) Of course, when I was young… Oh, never mind. :)

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