All Forum Posts by: Earl Allen Boek

Vladimar:  You likely know far more than I do about the topic.  I've

never trusted the market (even knowing the numbers) I always

liked and understood real estate. Up to a point. There are thousands

out there (with one leg in the market) praying you are right.  My 

guess is, many of them will be pulling that other leg out as soon

as possible.  And the poor suckers in Greece are fleeing the country.

It was taken lot, stock and barrel by the banksters using their fiat 

currencies. Last person out, lock the door and turn of the light.

Below find the link to my last post here and investment capital needed. I am NO Financial Advisor. The only licenses I hold today is a drivers license and a fishing license. That is done on purpose, to limit my personal liability.

I held a twenty year California Real Estate License which I used 100% for financing. I've worked in the hottest mortgage markets in the world, Bay Area, LA and out of the high rises of Honolulu where I kept homes and business offices, and also held a mortgage license. No complaints in 20 years of Hard Money Lending.

I have used that license in California as the vice president of finance for one of the largest and oldest real estate brokers in Northern California where I helped him and his family manage over $100,000,000. in ranches, land, commercial lots and real estate.

The year before the last bubble 2008 I built a Acquisitions, LLC from *scratch to over $1 million dollars in appraised value, with over $500,000 in cash flow and a $800,000 personal financial statement. *(as in no money or credit) I'm sure there are others here that have earned more faster, but (you've heard this before) It's not what you earn that's important, it's what you keep.

So after a good year like that one, you'd want to put some money away for a rainy day, Right. As I get older, I get better and better at paying myself First. And I had put money away alright, but not enough to cover the 300 rainy days that followed the first one. My new plan will correct that shortage. The plan I'm offering looks like everything, but what It is, 

Please Note: Bigger Pockets Marketplace Rules Prohibit Me From Actually Sharing With You Here The Actual Program And System I Believe Any Investor (Especially Real Estate) Really Need Today To Protect Their Principles (Their Real Estate Investment Nest Eggs)

I certainly am no expert, but many of the people I hang with are, we are more than a business, we are a community of like-minded people number in the hundreds of thousands around the planet, a culture, if you will. Who, because of our own experiences, careers and past careers, coupled with our gold careers, have a unique, front row seat that allows us to see clearly what is happening around the planet economically, and project what is about to happen here in the USA. Let me give you an example of what my involvement with this great company has done for me. NOTE: There are thousands of men and women being paid by investors like you, around the world, paying millions in commissions to get advice and directions, they hold every license, certification, and award known to man-kind but their advice (last week) would not be any clearer of on-the-money that what I gave right here on the pages of Bigger Pockets.

If you go to the August 13th. 11:46 post in the thread at the link I posted below, you'll see this warning.

WARNING "Investors with money in the stock market. Let me help you. Bring it. Get your money out of the stock market now..."

Sure you noticed Friday, Nearly every stock market on the planet lost 3-4% of its' total value. It's being called a "Free-Fall" but it's not free for you. No one knows what to expect on Monday morning. But here is some more advice....free again, pull out any cash you can get over the weekend from your bank or ATM, you may need it.

More coming here.......

Note the post below, (advising shorter term, faster return, business only deals and investments) was viewed by over 1300 and my profile was visited 167 times during the last 10 days period. I very candidly went through the entire process and investors from many of the hottest real estate markets in the country where watching. For this I am humbled and honored. Thank You For Your Interest. But, we have bigger fish to fry. 

3 minute over-view of one possible real estate investment exit strategy removed by author so as not to violate Bigger Pockets Marketplace guild lines and rules. 

EAB

http://www.biggerpockets.com/forums/517/topics/217...

Below find the link to my last post here and investment capital needed. I am NO Financial Advisor. The only licenses I hold today is a drivers license and a fishing license.  That is done on purpose,  to limit my personal liability. 

I held a twenty year California Real Estate License which I used 100% for financing. I've worked in the hottest mortgage markets in the world, Bay Area, LA and out of the high rises of Honolulu where I kept homes and business offices, and also held a mortgage license.  No complaints in 20 years of Hard Money Lending. 

I have used that license in California as the vice president of finance for one of the largest and oldest real estate brokers in Northern California where I helped him and his family manage over $100,000,000. in ranches, land, commercial lots and real estate. 

The year before the last bubble 2008 I built a Acquisitions, LLC from *scratch to over $1 million dollars in appraised value, with over $500,000 in cash flow and a $800,000 personal financial statement. *(as in no money or credit) I'm sure there are others here that have earned more faster, but (you've heard this before) It's not what you earn that's important, it's what you keep.

So after a good year like that one, you'd want to put some money away for a rainy day, Right. As I get older, I get better and better at paying myself First. And I had put money away alright, but not enough to cover the 300 rainy days that followed the first one.  My new plan will correct that shortage.  The plan I'm offering looks like everything, but what It is, a Totally Legal,  Alternative, International Banking System, account, using a $100,000. limit Mastercard, good anywhere on the planet, backed and financed by 999.9% pure currency gold bullion and a 6 year old, totally debt free, German Company. 

I certainly am no expert, but many of the people I hang with are, we are more than a business, we are a community of like-minded people number in the hundreds of thousands around the planet, a culture, if you will. Who, because of our own experiences, careers and past careers, coupled with our gold careers, have a unique, front row seat that allows us to see clearly what is happening around the planet economically, and project what is about to happen here in the USA.  Let me give you an example of what my involvement with this great company has done for me.  NOTE:  There are thousands of men and women being paid by investors like you, around the world, paying millions in commissions to get advise and directions, they hold every license, certification, and award known to man-kind but their advice (last week) would not be any clearer of on-the-money that what I gave right here on the pages of Bigger Pockets.  

If you go to the August 13th.  11:46 post in the thread at the link I posted below, you'll see this warning.

WARNING "Investors with money in the stock market.  Let me help you. Bring it.  Get your money out of the stock market now..."

Sure you noticed Friday, Nearly every stock market on the planet lost 3-4% of its' total value. It's being called a "Free-Fall"  but it's not free for you.  No one knows what to expect on Monday morning. But here is some more advice....free again, pull out any cash you can get over the weekend from your bank or ATM, you may need it.

More coming here.......

Note the post below, (advising shorter term, faster return,  business only deals and investments) was viewed by over 1300 and my profile was visited 167 times during the last 10 days period.  I very candidly went through the entire process and investors from many of the hottest real estate markets in the country where watching. For this I am humbled and honored.  Thank You For Your Interest. But, we have bigger fish to fry.  3 Min Over View More Info Below In Signature

EAB

http://www.biggerpockets.com/forums/517/topics/217...

Over 1200 Views  (Appreciate your interest)

THIS IS A DEAD DEAL  Just how they go sometime.  My guess, is the seller is way to emotional about the sale, who it's made too and what they intend to do with it.

Partly because his intention, is (was) to retire and sit right next to the gate that opens to the shop and offices in a adjoining home.  At the end, I still was interested in the business but insisted he also leased me the house with the shop.  I got no response to that offer. NEXT

_______________________________________________________

Chuck: You know Chuck, I've sent you two emails and made

from you. So.......

Effective now, any and all offers to purchase your glass tech business

are cancelled. There will be no further notice or contact.

For future information, If anyone spends nearly two weeks of their life

looking over your business for sale, researching the area and the

competition, driving up to see it in person. JUST SO THEY CAN

BUY A FRICKEN JOB for themselves. Instead of acting like a jerk

I recommend you take them out to lunch and buy them a drink or

two. Not that I expected that either. but I was prepared to do it

for you and your wife. You should both kiss their rear-end.

Is the fact that you advertise on your website you have a show room

but don't actually have one a big deal? Not really, just about like having

a McDonald's with no drive-through.

Now, allow me the opportunity to insult you one more time, like

your lack of follow up to all my work has me.

Instead of being pleased I had a plan to actually increase the

business's value, so I could prosper too, you took it personal

and doubted, I guess, my ability to do that.

The last business and real estate project I worked on, for just one

year, Mr & Mrs Kieffer, I built a bigger estate, with 5 times the

gross and profit, than what you and your wife just spent 40 years

building, in a city of 7,000 folks.

Now, you may not have liked what I had to say, but I never lied to

you about a thing. Including you better get your retirement money out

of that business as soon as you can.

You guys have a great day.

1118 VIEWS  E-Mail To Seller

Chuck:

I really appreciate you taking time out of your busy day to share

the details of your business with me. I was not real surprised,

when what you shared, proved, what you had said about the value

and the selling price. It all checks out.

Now, I don't know how to say this but to just come out and say it.

When I mentioned the world "FLIP" to you, I was trying to explain

how since 2008 many investors have gone to this type of an

approach to their lending. Short-term real estate (houses, commercial

buildings and such) buying them right and fixing them up and selling

them, sort-term, fast return investing.

But, I think you have to admit, borrowing $500,000-$750,000 moving

my family to --------, and attempting to increase your annual sales

by another $300,000 or more a year over the next 12-18 months,

knowing that big economical changes in debt, currencies and

de- or inflation are in the works...IS hardly a "flip" of your 40 years of

sweat and blood.

You mentioned there was not a real estate agent. Well, sometimes it

pays to have one, Just so no misunderstandings arise between the

parties. The actual Seller and Buyer. The last transaction I did was

for $500,000 and I (even-though I held an active California real estate

license (20 years, no complaints) I hired an agent and paid him

$30,000. my side, he earned $60K.He had the listing, and he was

worth every penny. If you would be more comfortable, I'm willing

to carry on that way and pay half.

I've always used my real estate license for lending. Many of the

"REALTORS" (they adhere to a higher ethical standard) the ones that

actually knew what they were doing, were border-line.

Okay, next thing. I'm not clear,  Why you would have the business listed

for 3 years with a realtor at nearly twice the price and value?  Anyway.

Here is my "too honest" take, on what your are doing. How did you

ever propose to "Get Out" of the business, living at the business

and running the guard gate there, as well as sharing your back yard

and driveway with it? I don't get that. You are both kidding yourselves.

So, you say Chuck, WE "want out". The only way I would consider the

sale, is IF you actually do "get out" If your not working is a consultant,

holding existing LLC membership, then even if you handed out balloons,

served cakes and coffee to all glass customers, I would not want you

around. But, that's just me. I see all kinds of potential problems.

I need to know, IF I submit an offer of $750,000 for the entire business,

building, house and land Cash to New Loan, payoff any and all existing

financing. Would you accept that offer. If so, I think I can get it done.

Please let me know. As I said, the sale (including all REAL property

is much more desireable by the lenders and they'd rather fund a larger

loan anyway, than the $250,000 business only sale.

Please advise.

Thanks again sir.

EAB

878 Views  Following is a brief update for those following this thread. And, if you are one of the 878 who are, I appreciate your interest.  

While this deal started out as a business only loan request with a value added marketing plan and flip down the road,  it has morphed back into more familiar territory for us all.  

After a quick out of state trip to preview the business itself, a inspection of the books, income tax statements, profit, equipment on hand and inventory, I am completely satisfied the business itself and it's particulars are exactly as they were described to me on the phone.  Nice to know I'm dealing with real sellers (people) here.  WARNING not all those who may contact you here to "help" you are REAL. I know we were all warned above but it does not hurt to mention it again.  Since I exposed myself, real name, real details, one of my bank accounts has had a hack attempt their telling me.  Now need to go in and reset users names and passwords.  Nice.

After insisting he and his wife just want "OUT" Baby boomers, wife has some heart issues, and he's been hands on in the business 40 years, I had to ask him, how exactly is he going to get OUT living right next to the automatic gate to the entrance to the glass shop, (which is brick and mortar (3 bays and 3 roll up doors, offices) and sharing the lot and back concrete driveways and parking?  So, is comment to me before the end of the meeting is,

"IF, I want the entire lot, shop building, house, fenced in yard, and business the price is $750,000.  I want to purchase, make some changes to the shop, purchase inventory and end up with some operating capital. The existing business will debt service the entire investment.  It should easily appraise for the $900,000 I'm pretty sure I'll be searching for.

I plan to call him later this morning and again confirm. If we pay him $750,000 for everything,  Will he sell.  Please check back for further updates. Thanks EAB

Marvin:  My business plan is to have at least 5 sold by or during first quarter 2016 (God Willing)  I could do more, (*my record was 13 retail in a year) but I'd just be showing off and putting a bunch of pressure on myself and staff.  No need for that as the existing location, City in Southern Oregon, centrally located, long history of success, surrounded by target market, shop and showroom 2800 feet with three roll-up doors, should be able to handle a fair amount of both sales and assemblies.  I'm open to giving (hum, make that selling) you licenses in cities I have not yet ear-marked, discounting the licenses for multiple locations, increasing my assembly shifts to help you provide startup samples and inventory until you can provide your own.  Let's talk.  EAB  *13 in one year, setup and operational Southern California.  Understand I'm talking about a flip to you that I have not purchased the first store yet. (However,  If you have your hands on large sums of capital we can move fast to have both a sample package of windows, ex-doors, sky-lights, Patio door upgrades ready. We'd have to advertise for and interview and train a group of managers, I like to make them owner/(25%)/managers. Like I said, talk to me, (better yet, work with me. 

699 Views,  I have a loan commitment in writing. I have at least four other lenders in the wings saying they'd like to hear more.  Tomorrow I meet with the sellers to tour and film the operation, look over the books and confirm everything about transaction.  Perhaps we can get an operating agreement and pick an escrow/title company. I'm going to be asking them to justify the net profit compared to the sales price of the business.  My main goal at this point, is to protect the existing cash flows which are enough to debt service all old expenses, fixed and others, plus all new financing, and an increase in labor.  One cash flow in the hand, is worth my two-4 times additional cash flow in the bush. 

Just want to thank Biggerpockets for providing such an effective service and site. Thank you for all that took this slightly different businesses-flip-centered, real estate transaction serious.  EAB

https://www.youtube.com/watch?v=_Ic1iD9SNog  

WARNING !!!

Investors with money in stock market.  Let me help you.

Bring it.

672 Views, have several circling. Get your money out

of the stock market now, let's do this deal.  

642 views