All Forum Posts by: Earl Allen Boek

Rural Northern California is closer to and resembles Oregon more than it 

resembles San Francisco.  We have several excellent businesses we'd 

like to purchase, to hold, to add value too, and/or to flip. We are expecting

an exodus from the heavily populated Bay areas and Southern California

areas within months. All businesses are well established, have cash flows

and most have real estate attached to the them.  Interested parties please

contact me by email at [email protected]  Put <N. Cal> in subject.

It's time to start checking out the life boats and 

where are all the exits?  Don't stop to arrange

the deck chairs.   Smile

What I'm trying to say, is don't shoot the messager, I'm not 

happy about what I see out there.  I like real estate investing

and development, I liked it because it was something I am

good at and one of the few things in my life I was able to 

earn serious money doing.  So, just because I may have 

a better route to take now does not mean I'm all fat and happy

about things.  I don't like change either.  My wife loves to 

gamble, Indian Slot Machines, just about the worse bet 

you can find anywhere on the planet, yet, she loves feeding

them damned machines my twenties.  One after another.

To my knowledge she has never really won any serious 

amount of return.  The game is fixed, it's not designed to

do that.  It's strictly for entertainment purposes only.  I 

learnt that lesson over time, she has not yet, or it just

doesn't matter to her anymore, she enjoys the entertainment

value more that winning. Real Estate is the same, I've

learnt some things,  one the game is fixed. To you cannot

depend on making money on every deal and it becomes

strictly entertainment at that point. Three when it goes,

air starts rushing out of this balloon it will go fast.  I've 

learnt the lesson over time. Just trying to share it here

with you.  Just give you something to think about.  Best

EAB

Is there a way to edit these comments....???  Above I 

meant to write "Do something stupid like get greedy 

about the sales price of the asset they repo and follow 

the market down to 60-70% of it's value."  That should

be on them, but it will be your fault.   

Sorry about that.

I'm not happy about the state of things in real estate or anything 

else connected to it. But, look at the US $200 Trillion in unfunded

debt. $18 Trillion in the hole.  All Greece's problems are solved in

the short term, for just under $100 Billion over the next 3 years.

We've got nearly 1/3rd of the nation out of work.  Half the nation

on some kind of government subsistence and you think because

you like real estate, you understand real estate, you made money

on your last deal, you think that's just going to keep happening?

Ask yourselves, if my long-term holdings lost 1/3rd of their value

overnight, in the next 6-12 months,  would would the effect on 

my life be?  I'm saying it was enough to take Madoff's 50 year

Ponzi Scheme and turn it into a crime and an extended stay

in prison.  In this business, unless your are using all your own 

money, you have to borrow.  You're lenders are like some of 

your ex-employees, they love you while their making money.

Soon as that stops, even if they take back their security at the

peak of the market, then do something stupid like get out then,

follow it down to 60-70% of what it's value once was, you are

scum, the bad guy, Some investor here mentioned wearing 

his bullet proof vest to collect past due rents.  Now that's 

another story for another day.   Best  EAB

I'm afraid not.  May I send you an email?  There will be

a call on the world economy "recorded" recently, I'd

like you to hear. Then a website I'd like you to preview.

I have your email here. Just being careful not to SPAM

anyone.  Blessings, EAB

I recently upgraded to pro BP and I am enjoying reading your pages and

descriptions, I call it your why, for getting involved. Many of your long

game is, "I want to invest and hold"  this or that rental or real estate

investment.  Of course, that is the trick isn't it?  Holding it.  Someone

long ago, reminded us all, "it's not what you earn, but what you keep."

Just last week several world wide events should give any investor, in 

any investment pull his head out of those stacks of deals and look 

around.  Greece, many calling it the first domino, Bank holiday, more

like a summer vacation. ATM's with no money.  That's not good.

Chinese stock market in a free fall.  US stock market off line for 3-4

hours, "not a hack, a glitch" Wall Street Journal, "another glitch"

American Airlines (was it?) another "little glitch."  New BRICS 

bank formed, without the USA.  Hummmm

Maybe all that excitement makes you guys and gals all get pumped

up and start a investment LLC raise 5 or 10 million and start "buying

and holding"  NOT ME.   Been there done that.

Let me ask you a question. By now, everyone should have figured

out, It's all fixed.  The stock markets, precious metals, oil, gas, 

commodities, pig, beef, corn yes, and even interest rates and 

real estate. Caldwell Bankers specialty is inflating the value of

real estate in markets they can dominate. 

So, so....If I take a trip to Vegas, (stay at Lake Las Vegas) google 

it.  Limo takes you downtown in 15 minutes. I go into a casino

sit down and play a few hands of poker or even black jack. I 

figure out the game is fixed. The dealer is dealing from the 

bottom of the deck, Just how many hands of poker am I willing

to play after I discover it?  None, I'm done now.  Thanks, You 

all have a good evening.

Earl Allen Boek, is an ex commercial real estate hard money lender.

He has found an exit and he's taking it.  He will not spam BP

members and his advise is free, you can take it or leave it. You

can reach him on Facebook, @gmail.com here or LinkIn 

Best

EAB 

http://thebricspost.com/brics-bank-open-for-business/#.VZ6JhflVikr

You'll Need To Call This Toll Free Number to Get a Total 

Handle on What Exactly Is Happening In the World

Economy and Finance Realm.  It's Not going to be 

pretty for us here in the US.  

That's amazing.  Many benefits for sellers, buyers, lenders

and investors alike. Great record of work.