land: What You Need To Know About Land and Land Banking - 08/25/11 05:48 PM
Years ago I wrote about LAND and LAND BANKING. My observations then are just as valid today as if I just wrote them.Land remains my main focus for investing in real estate and for securing retirement for Baby Boomers.
Everybody knows what land is, right?
Or do they? Sure, land is that portion of the earth's surface that is not under water. But that definition covers a lot of "land."
To understand land we need to understand the uses of land.
Some land is forested. Some land is desert. Some land is prairie. Some land is flat. Some land is steep. … (4 comments)
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land: How to Find Land - 02/08/08 12:03 PM
How to Find Land By Bill Roberts
Man has always had the urge to find new lands. It is what led to the discovery of the New World. It is what pushed us west from the Eastern Seaboard.
But just because all the land has been discovered doesn't mean that our thirst for new lands has been quenched. On the contrary, we seem even more inspired to find a piece of land that satisfies certain hungers within.
I'm one of those land pioneers. I like nothing more than going out into the sticks looking for that elusive parcel which will satisfy a hunger deep … (5 comments)
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land: Retirement Planning For Baby Boomers - 12/11/07 06:33 PM
Retirement Planning For Baby Boomers by Bill Roberts
I have written extensively about the retirement planning process. All the way from assessing your needs, to where it's all going to come from, to where you will spend it.
I would recap all that here but I think I did a pretty good job the first time around so I'll just point you to all the right places to read it for yourself.
Assess the Situation
Would You Give $10,000 For $2,500? Are You Kidding Me?Fun With Ken and BarbieFun With Ken and Barbie, Part 2Land Investments
Land Banking - Isn't It Time You Tried It?I would … (10 comments)
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land: Would You Give $10,000 For $2,500? Are You Kidding Me? - 11/23/07 10:52 PM
Would You Give $10,000 For $2,500? Are You Kidding Me? by Bill Roberts
Most people facing retirement are asked to make this trade. They are currently earning about $10,000 per month (husband and wife) and probably getting by OK. They can even take vacations, buy gifts for the Grandchildren, and entertain friends.
But then RETIREMENT rears its ugly head. They give up their $10,000 per month income and replace it with Social Security of about $2,500 per month. Are you kidding me? I think I'll just keep working.
More and more of us (Baby Boomers) realize that this is our only choice. We will … (29 comments)
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land: Can You Get a Good Return on Land? - 09/10/07 11:57 AM
Can You Get a Good Return on Land? by
William D. Roberts
Yesterday (Sunday) I wanted to go to the fair. But as usual my wife was really slow to get ready. By the time she was ready I didn't think we would have enough time to do it right (after driving 100 miles to get there) so we went to Lake Gregory instead.
We still had to drive 100 miles (it seems everything is 100 miles from home, at least all the things that we like to do) but we could still enjoy the day.
Lake Gregory is in the San Bernardino Mountains … (6 comments)
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land: I Don't Know Beans About Grapes - 09/04/07 07:07 PM
Everybody knows that California is Famous for Wine. We have several prominent wine growing regions: Sanapanoma, Oh I'm sorry, Napa-Sonoma, the Central Valley, the Central Coast, and Temecula which has more or less supplanted Cucamonga as Southern California's premier grape growing region.
Well, I live only an hour away from Temecula. So guess what this story is about. You got it. Temecula or there abouts. And grapes of course.
You can find grapes growing all over North San Diego County and South Riverside County. This area is collectively known as the Temecula Valley Wine District or Temecula Valley Wine Country.
I don't know … (11 comments)
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land: 106ยบ Today and We Went Looking at Land! Why? - 09/02/07 09:47 PM
Labor Day weekend and we are at my in-laws house. I needed a break so we hopped in the car and went looking at raw land about 15-20 miles east of their house.
I have an idea for a PUD (planned unit development) for "seniors" that have family that wants to visit and a desire to have "all the amenities" without it costing an arm and a leg.
What amenities are we talking about? How about the regular things like a club house, swimming pool and tennis courts? But I'm thinking that a stable and riding trails might make a nice little "extra."
And … (22 comments)
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land: How Do You Sell a "Problem" Business? - 08/15/07 12:40 PM
I have a business for sale. Again.
I'm a business broker. I sell businesses. I've sold lots of businesses.
They all have problems.
In almost every case the biggest problem is the owner.
This particular business is one of my favorites. It has been around for over thirty years, but the last two owners have each only owned it only a couple of years.
Why is that? The original owners had the business for a long time. They took it from ZERO to SOMETHING.
The next owners also grew the business. They owned it for a number of years also. They bought the property the business occupies. … (10 comments)
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land: Why I Went to Hemet Redux - 08/14/07 10:27 AM
It was a very hot day in Hemet yesterday (August 13th). It was 104° in the shade. What shade? I couldn't find any. I left a frozen bottle of Gatorade in my car while I was out looking at property and it was HOT when I got back. Not warm, not room temperature, but hot like it had been heated on the stove.
I made the nearly 200 mile round trip up to Hemet from my home in San Diego because AR's own John Occhi had an REO that I thought might make a good candidate for my investment group.
It is a … (4 comments)
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land: The Simple Land Investment Program - 08/07/07 12:53 PM
That is Simple as in Savings Incentive Match Plans for Employees of Small Employers
The first thing you want to do is set up a Simple IRA. A Simple IRA is self-directed by definition. It's kind of like a 401(k) in that regard. The employer (you) runs it.
You can be a one-person business and still be eligible to establish a retirement plan for the business. An employee age 50+ can contribute $12,500.00 per year to the plan with a "matching" contribution from the employer (even if the employee and employer is the same person). The employer is the Administrator of the Plan and … (4 comments)
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land: Land - They Ain't Making Any More! Oh Yeah? - 08/05/07 06:09 PM
How many times have you heard someone say this about land? They just aren't making any more of the stuff.
Don't tell that to the people of Holland.
Or San Francisco for that matter. Some of the "most expensive" land in SF was "reclaimed" from the bay. It seems that we had this event happen in 1849. Some fool discovered gold near Sacramento. All the sailors on The sailing ships tied up to the "embarcadero" jumped ship. Many of those ships never left San Francisco. They just rotted where they stood. Hundreds of them in fact. Eventually, this entire area was filled-in creating … (17 comments)
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land: Land Banking - Isn't It Time You Tried It? - 07/30/07 10:28 AM
If you are not sure then what you need is an example.
Let's say you have $100,000.00 in your IRA account at a major brokerage house. You want to retire in 10 years. What will this IRA be worth then?
In order to answer that we need to make certain assumptions: You will invest another $5,000.00 per year into your account at the beginning of each year in an effort to "catch up."
You will "earn" an 8% ROI compounded annually because your IRA is "invested" in a mutual fund that historically has grown at that rate.
After the 10 year lease, and just in … (18 comments)
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land: Broker RoundTable Notes 2 - 07/26/07 11:52 AM
It was a disaster. I was really looking forward to another meeting of the San Diego Brokers RoundTable of the Mike Watson Institute of Real Estate Investing (MWI). We meet twice a month to catch up, learn something new and share our experiences.
The meeting was "hi-jacked" by the moderator right from the "get go."
After an abbreviated introduction round - only the 6 or 7 "new" people introduced themselves, he launched into a presentation of his condo project in San Bernardino. It seems that they were able to get the 3.2 acres for a little more than $500,000.00 which represents a LAND … (2 comments)
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land: Why I Went to Hemet - 07/23/07 04:06 PM
I live in San Diego California. Arguably, one of the nicest places on Earth.
We have more days in the 70s than any place else in the US. We have Major League Baseball played in a beautiful park downtown. We even have an NFL team. And of course there is Sea World right in the middle of the greatest city park there is: Mission Bay Park. Don't forget the World Famous San Diego Zoo. The San Diego Bay (the Big Bay) is absolutely fantastic.
So why in the world would I want to go to Hemet?
Did I mention that we also have over-priced … (19 comments)
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land: I would never buy raw land part 2 - 07/23/07 12:06 PM
I am always hearing people say "I would never buy raw land." It's like they don't know that it is land that appreciates. They think that only improved property appreciates. But actually it is the land component of improved property that appreciates, not the structure. The structure actually DEPRECIATES, and eventually needs to be torn-down.
Land is a good investment. The costs of upkeep are low. The taxes are low. But the RATE of appreciation is greater than for the improved property next door. As an example, assume you have a 3-bedroom house on a lot. You paid $300,000.00 for it just … (5 comments)
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land: Land and Land Banking Revised - 07/21/07 04:20 PM
Everybody knows what land is, right?
Or do they? Sure, land is that portion of the earth's surface that is not under water. But that definition covers a lot of "land."
To understand land we need to understand the uses of land.
Some land is forested. Some land is desert. Some land is prairie. Some land is flat. Some land is steep. We farm the land. We build our cities on the land.
Some land is desirable. Some land is undesirable.
The desirable land has all been snatched up. OK. Sure. Somebody or something owns the desirable land. Most of that land is "for sale" at … (20 comments)
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land: Under All Is the Land - 07/21/07 03:19 PM
When I started in Real Estate in 1975 there was a "Coffee Table" book for sale in the Board office. It was called something like "Under All is the Land."
That idea has stuck with me through the years.
I like land. It is the basis of all real estate. The value of the land is a major determinant of the value of any improved piece of real estate.
But "land" gets short shrift from most of us.
And that just isn't right.
I've started a group here on ActiveRain to combat this attitude. It is open to everybody, not just the farmers and conservationists.
We want … (6 comments)
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