land banking: Highest and Best Use by Bill Roberts
- 10/07/17 08:28 AM
Highest and Best Use When appraising real estate, the MOST important aspect is the use to which the property is dedicated. Most people understand that a one bedroom, one bath shack in the neighborhood of nice 3 bedroom, 2.5 bathrooms mini-mansions is not the highest and best use. But what about property that might be better used as something other than single- family residential homes? What about a house on a lot that might be better used as a corner gas station/ convenience store? Or a single story, single use store on a property that might be better used as a multi-story mixed-use building? A Universal Truth The value of real estate … (32 comments)
land banking: Thinking About Retirement? Part II by Bill Roberts Retirement Coach
- 02/20/17 12:18 PM
Thinking About Retirement? Part II OK, so you do want to retire eventually, and you have decided to seek the aid of a Retirement Coach/ Wealth Coach to help get you there. The first thing you must do is get an initial consultation with a coach to discuss where you ARE and WHERE you want to go. In preparation for this consultation you should get together a list of all of your assets. Also, you need to put together your budget for what it costs you to live (NOW) and what changes you will make when you retire. Your Coach will also need to know about your income, and if … (14 comments)
land banking: Out Of The Frying Pan And Into The Fire by Bill Roberts
- 06/20/16 02:50 AM
Out Of The Frying Pan And Into The Fire The temperature here in San Diego County is above the century mark this week. So it is welcome to be a"travel week" for me. But, unfortunately it will be going to Phoenix. Literally, out of the frying pan and into the fire. I fully expect to see temperatures above 120 degrees. But my job requires I make the trip. One of my clients has an investment house in Phoenix. His long-term tenant is moving out. This is a good time to cut his losses on this particular house. It has a high interest rate loan and can't be re-financed to a … (31 comments)
land banking: The Retirement Blueprint by Bill Roberts
- 10/25/15 06:25 AM
The Retirement Blueprint For many Baby Boomers, retirement is an impossibility. They simply won't (or don't) have enough monthly income from all sources to be able to maintain their lifestyle IF they were to retire. They must WORK UNTIL THEY DIE. That is the Baby Boomer Retirement Plan as most of us know. But there is a way. It is as simple as making a plan and working that plan. The process begins by establishing just how much monthly income will be necessary after retirement to pay all the bills. In most cases that number will be larger than the monthly requirement BEFORE retirement. Why is that? Because after retirement EVERY DAY … (90 comments)
land banking: What Is Land Banking? by BilL Roberts, Baby Boomer Retirement Planner
- 10/01/13 03:41 AM
What Is Land Banking? Land Banking is basically just putting land into your portfolio and holding it until you are ready to sell it or use it. We call it Land Banking because it is analogous to putting your money in the bank for later use while earning interest in the mean time. So how do you earn interest on land? Well, you don't actually earn interest, but if the value of the land is greater when you "take it out of the bank" than when you acquired it, it is like getting interest on your money in a CD. It is MORE than when … (0 comments)
land banking: Why Land? Why Now? by Bill Roberts The Baby Boomer Retirement Planner
- 07/08/13 09:02 AM
Why Land? Why Now? That is the question for all time, because land is always the right (investment) answer. It is easy to maintain, the taxes are low (relative to unimproved property) and you don't have to deal with the Terrible "T"s. If you are looking far enough ahead, say ten years or more, and you have a pretty good eye for trends, you should be able to get good land at a very attractive price. Buying land and holding it for future use is called Land Banking. Basically you are "banking" the land and letting the interest compound. You are not really putting the … (2 comments)
land banking: Are We There Yet? That Is To Say, Can You Retire? by Bill Roberts
- 07/04/13 09:04 AM
Are We There Yet? That Is To Say, Can You Retire? By Bill Roberts, The Baby Boomer Retirement Planner Every day more of us reach what should be "retirement age." But only about 5% of us can retire in the manner to which we have become accustomed. This is according to Fidelity, the world's largest custodian of retirement funds.
If you are not one of the five percent, what are you going to do about it? For most Baby Boomers the answer is "work until you die." Sort of a bleak prognosis. But it doesn't have to be that way. With a good plan and … (2 comments)
land banking: Buy Sight Unseen? Why Not?
- 02/13/13 02:25 AM
Buy sight unseen? Why not? by Bill Roberts Or is it site unseen? Either way, it describes what I do. Investing in real estate is a business decision, not an emotional decision. What does looking at it have to do with the decision to buy or not? what are the criteria for making the "Buy" decision? Here are a few of the most important ones: Location - Is it in the geographical region I want to be in? Location - Is it well-situated in that geographic area? Location - Is it where I want it to be? Price - Is the … (8 comments)
land banking: The Case For Real Estate in Retirement Planning
- 02/11/13 03:08 AM
The Case For Real Estate in Retirement Planning by Bill Roberts If I want to retire I will need more than a million in my retirement fund. Otherwise I just won't have enough monthly income to pay my ongoing living expenses. Fidelity (you know, the Green Line on the floor) is the largest custodian of retirement funds. They report that about 90% of Baby Boomers have less than $100,000.00 in their retirement accounts. This is barely enough (along with Social Security) to live for two years. Then it is back to work and/or eating dog food straight from the can. What … (4 comments)
land banking: Is The Answer Always Later?
- 02/04/13 02:01 AM
Is the answer always "later"? A little perspective by Bill Roberts I just read a cute story about a fisherman. You need to read it too. The Fisherman Story. So now for my perspective. I've worked my entire life. I'll be 70 in a couple of months and I started working at 10. Sixty years. Thirty years ago I "almost" retired to a third-world country (Belize). I could have lived the life of that fisherman. But I didn't. I chose to continue working. Chasing the dream. But the dream became a nightmare. I'm still working. Not sleeping late, not fishing … (6 comments)
land banking: Land Banking Advisory
- 01/12/13 03:56 AM
I recently attended a networking event where one of the participants identified herself as a Land Banker. Because this is an area of Baby Boomer Retirement Planning that I am passionate about I sought her out after the event to discuss Land Banking with her. First, I was curious just how long she had been practicing in this area? Answer: a year and a half. Secondly, How did they deliver title to the land? Answer: grant deed, tenancy-in-common. Or as it is more commonly referred to as a TIC. Her company was limiting participation in each TIC to four in order to avoid security issues. … (6 comments)
land banking: Memory Lane? It's Been 40 Years Since I Walked There
- 01/05/13 04:36 AM
I had to go to San Jose this week. The last time I was there was 1972. I'll be 70 this year. I needed to get some documents from the county recorder for my social security application. I've been putting this off for several years but now I can't put it off any longer. I rationalized my inaction by telling myself that my benefit will increase by 8% for every year I don't take it. BUT, that is only true up to age 70. It freezes at that level (subject to COLA increases only). So now is the time to get … (32 comments)
land banking: What You Need To Know About Land and Land Banking
- 08/25/11 10:48 AM
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)
land banking: How to Find Land
- 02/08/08 04:03 AM
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)
land banking: If You Haven't Saved Enough Money to Retire You Better Read This
- 11/05/07 10:22 AM
If You Haven't Saved Enough Money to Retire You Better Read This by Bill Roberts Why? Because.... Building up an estate that can supply enough income to maintain your lifestyle after retirement is the desired goal. A lot of us have puny IRAs that don't seem to grow fast enough to ever throw off enough income to keep us, if they grow at all. Why Is That? Well, it is probably because we have the money in our Individual Retirement Arrangement account invested in the stock market or money market or a combination of the two. We "contribute" $3,000 to $5,000 a year to the account … (15 comments)
land banking: Can You Get a Good Return on Land?
- 09/10/07 04:57 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)
land banking: Land Banking - Isn't It Time You Tried It?
- 07/30/07 03:28 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)
land banking: Land and Land Banking Revised
- 07/21/07 09:20 AM
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)
land banking: Under All Is the Land
- 07/21/07 08:19 AM
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 … (8 comments)
Everything that the "Baby Boomer" needs to make sound financial decisions regarding real estate investing and retirement planning. Business Opportunities, self-directed IRA retirement plans, and mortgage strategies.
Highest and Best Use
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