{"id":1166,"date":"2007-03-19T08:32:10","date_gmt":"2007-03-19T15:32:10","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1166"},"modified":"2007-03-19T08:45:39","modified_gmt":"2007-03-19T15:45:39","slug":"working-for-the-high-the-priceless-euphoria-of-a-clients-success","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1166\/working-for-the-high-the-priceless-euphoria-of-a-clients-success\/","title":{"rendered":"Working For The High — The Priceless Euphoria Of A Client’s Success"},"content":{"rendered":"

Being a real estate investment broker has been rewarding. It has kept food on the table, shoes on the kids, paid for college, and allowed various totally unnecessary luxuries. But these days, though the tangible rewards are still pretty cool, I primarily work for those few times a year when the high is so euphoric all I can do is pace around and smile. The feeling gets extended when I’m home and able to regale Diane the Trophy Wife.<\/p>\n

This past Friday afternoon I met two of my favorite long term clients, Cher and John to lay out an update of their Plan<\/em>. They’d finished refinancing just over half of their crown jewel investment property (bunch of fourplexes) in another state. Where to put the newly found tax free gold?<\/p>\n

And that’s when they told me their news. They told me like they were ordering more coffee. They had no idea they were about to supply the BawldGuy with a giant fix of his favorite drug.<\/em><\/p>\n

Their property managers said that beginning in a month or two, their cash flow will be about $12-17K a month. I’m sure those are just numbers on a page for you, but not for them, and certainly not for me. You see, this property has been designated from the day it closed escrow, as their Golden Goose<\/em>. I’d been saying since they exchanged into it that it would end up spinning off at least $120-144K in totally tax sheltered annual income. It’s been a bumpy road, as they’ve had to turn these units around. It’s very well located, but had poor management and much deferred maintenance when they closed in the spring of ’04.<\/p>\n

\"Disneyland\"<\/p>\n

The Plan<\/em> called for this property to make their retirement dreams reality. Now reality is here. They’re both now retired, in their 50’s, and as excited as kids just minutes from entering Disneyland for the first time. Imagine their thoughts as they fell asleep Friday night. They have a secure, tax sheltered income in the range of $144-204K a year for as long as they like. And that’s not all they have to be happy Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Being a real estate investment broker has been rewarding. It has kept food on the table, shoes on the kids, paid for college, and allowed various totally unnecessary luxuries. But these days, though the tangible rewards are still pretty cool, I primarily work for those few times a year when the high is so euphoric […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-1166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3923,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3923\/what-went-wrong-in-the-real-estate-market-we-told-homeowners-to-treat-their-homes-like-securities-investments-and-they-did\/","url_meta":{"origin":1166,"position":0},"title":"What went wrong in the real estate market? We told homeowners to treat their homes like securities investments — and they did…","author":"Greg Swann","date":"August 16, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). As a matter of eating crow, I will attest that I publicly denied that housing prices could ever behave like securities prices, falling far below their fundamental value. The market has proved me wrong. We're writing contracts\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":993,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/993\/real-estate-investing-is-a-lot-like-pitching-timing\/","url_meta":{"origin":1166,"position":1},"title":"Real Estate Investing Is A Lot Like Pitching — Timing","author":"Jeff Brown","date":"February 6, 2007","format":false,"excerpt":"I'll say up front that this subject is one maybe better written by Captain Obvious. Yet, if it's so obvious why are so many investors consistently caught with their pants down? As a real estate investment advisor I'm asked all the time about when to buy or sell. I do\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1837,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1837\/the-backbone-of-real-estate-only-the-men-in-the-business-know-the-answer\/","url_meta":{"origin":1166,"position":2},"title":"The Backbone Of Real Estate? Only The Men In the Business Know The Answer","author":"Jeff Brown","date":"August 23, 2007","format":false,"excerpt":"On a warm San Diego day in mid-June of 1969 I drove home from my last day of high school. About 60 days later I turned 18. Around 30 days after that I was jumping up and down in front of our mailbox, holding the notice from the California Department\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2913,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2913\/who-knew-it-turns-out-condotels-stink-as-a-real-estate-investment\/","url_meta":{"origin":1166,"position":3},"title":"Who knew? It turns out condotels stink as a real estate investment","author":"Greg Swann","date":"April 7, 2008","format":false,"excerpt":"\"Hey, pal, let's make a deal. You can be in the taxi business just like that! Here's how. You buy my cab, see? You own it, pay the note on it, handle the maintenance, all that stuff. But you won't have to work all those crazy hours driving the cab,\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1685,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1685\/real-estate-investing-vs-stock-market-investing-is-there-a-clear-winner\/","url_meta":{"origin":1166,"position":4},"title":"Real Estate Investing vs. Stock Market Investing- Is there a Clear Winner?","author":"Cooksquared","date":"July 23, 2007","format":false,"excerpt":"Real estate enthusiasts have been sounding their trumpet during the latest run in the real estate market. Many real estate focused investors truly believe real estate outperforms every other investment by a wide margin and even go as far as to wonder why investors would choose any other investment vehicle.\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":155,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/155\/how-to-turn-100-into-27000-in-eight-years\/","url_meta":{"origin":1166,"position":5},"title":"How to turn $1.00 into $27,000 in eight years . . .","author":"Greg Swann","date":"July 29, 2006","format":false,"excerpt":"That sounds like a late-night TV pitch, but it's actually possible in residential real estate. Housing is distinct from other investment vehicles in important respects. Unlike securities, real estate is a hard asset with an enduring intrinsic value. There are huge tax benefits accruing from owning real property, either as\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1166"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1166\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}