Though, to be fair to Jeff Brown (aka The Bawld Guy) of Brown & Brown Investments, his lessons are along the lines of Masters’ Level courses explained where even a curmudgeon like me can understand them. Like …
The first coupla steps are to figure out two things. One you know pretty much intrinsically. Are you a first time investor, some would say, novice? Do you own investment property already? Several? More than several? What’s your level of ‘investor know-how’? It’s important to not only know what you know, but also to know the questions for which you don’t have answers.
Most importantly, however, is to understand there are answers to questions out there, you don’t even know to ask. Those are the answers that can and often will make or break your retirement plan.
It’s a good time to be a real estate investor, assuming you’re in a position to invest – not everyone is …
- Those folks who purchased homes in Phoenix as short-term investments that became long-term holds? Scarce inventory is leading to rising prices which are leading to an opportunity to make a nearly-graceful exit from the albatrosses hanging around their necks.
- Interest rates remain ridiculously low. I know a lot of you are like my father-in-law and believe in cash all the way but, after talking to Mr. Brown for a while, there’s a definite advantage to leverage when it leads to multiples of cash flow.
- Opportunities abound – and not just here in Phoenix. I swear, if I have to hear about Texas one more time … but the cash flow ain’t bad. And it seems like it’s the kind of place where you can invest in the kind of multi-family properties that aren’t nearly as popular here in Phoenix.
What this really is about is a commercial for what Jeff does – purposeful planning to help you get to your retirement. I’m only 42 and the topic is on my mind as I watch the kids grow and realize my parole from children comes in a few short years.
For information specific to Phoenix and what the market’s doing here, call me at 602-502-9693. If you’re ready to get serious and put together that plan to get you on a boat or a beach or whatever you choose, call Jeff at 619-889-7100 and tell him you heard about him here. Might turn into a beer for me down the line.