{"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_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":"","jetpack_post_was_ever_published":false},"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":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":0},"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":1},"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":1143,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1143\/the-carnival-of-real-estate-investing\/","url_meta":{"origin":1166,"position":2},"title":"The Carnival of Real Estate Investing…","author":"Greg Swann","date":"March 13, 2007","format":false,"excerpt":"...is up at RE Agent in Connecticut. This week's winner? Our own Michael Cook with Real Estate Investment Theories that can Actually Help You Make Money. Michael has been an outstanding addition the the BloodhoundBlog roster. This is his second win at the Carnival of Real Estate Investing. If you\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1393,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1393\/the-carnival-of-real-estate-31\/","url_meta":{"origin":1166,"position":3},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"May 7, 2007","format":false,"excerpt":"...is up at Lansner on Real Estate at the Orange County Register. Writing from The San Diego Home Blog, Kris Berg took fifth place for her playful rant on open house signs. Russell Shaw came in second place with his not-at-all-playful rant on the folly of real estate discounting. The\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1221,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1221\/the-carnival-of-real-estate-26\/","url_meta":{"origin":1166,"position":4},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"March 26, 2007","format":false,"excerpt":"...is at miOaklandCounty, Maureen Francis' weblog. Teri Lussier's introductory post came in fifth place,* not bad for a start. With his post Persistence: The Investors Greatest Tool, Michael Cook took top honors at The Carnival of Real Estate Investing, hosted this week by the Ral Estate Investing for Real Blog.\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13288,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13288\/real-estate-investment-tips\/","url_meta":{"origin":1166,"position":5},"title":"Real Estate Investment Tips","author":"Tony Sena","date":"September 20, 2010","format":false,"excerpt":"Finding a \u201cbargain\u201d property to purchase for rental purposes takes some analytical skills, market knowledge, and a real estate agent who is in sync with your investment goals. Some investors would consider the ideal rental property to be a three- bedroom, two-bath house in good repair, or needing minor touch-ups\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":[]}],"_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}]}}