Dear NCAA,
I realize you are so concerned about the integrity of amateur sports and all. That’s why you won’t pay the players. Then why are we starting the Kansas v Villanova game at 9:00 at night, central time? Is this in the best interest of the kids? To the Villanova fans the game won’t end until after midnight.
Oh, that’s right. This amateur game has to start so late because of your $6,000,000,000 contract with CBS that fills your coffers.
Filed under Kansas City Sports
You may want to watch this if you live in Baltimore and own investment property. Every jurisdiction is different. Maryland tends to be very tenant (deadbeat) friendly. Here in Kansas we can get rid of people pretty quickly.
Click this link to see how government protects those that contribute little while punishing those trying to make a better life.
Filed under Worth Reading
It’s only twenty days until April 15 hits with a powerful punch for some of you. Have you figured your tax consequences to your 2007 activities yet? Or has your CPA?
Real estate investing can be very lucrative, tax wise and otherwise, if done correctly. I’m going to publish an email I received this morning, anonymously of course, from a client I’ve sold a couple of properties for. He’s owned property for 4 decades but sold off his final property in 2007. Now before you cry for him, he knew how his actions would affect his taxes BEFORE selling because we discussed it. And because he’s sold without exchanging before. Money should not be an issue for him for the rest of his life. 🙂
Oh, and I love the milk analogy.
Filed under Real Estate Investor Interview
Filed under Real Estate Investing
Back in the beginning of March Lani Anglin-Rosales did a blog post about Famous Texas Alumni. And I got to thinking about doing one about Famous University of Kansas Alumni. But, hey, this is Kansas City so we should make note of the famous Kansas Citians regardless of which side of the state line they were from or what school they attended.
To be eligible for the list they must have been born & raised in the Kansas City area or made their bones here.
WALT DISNEY : Dude with a mouse.
DANNI BOATWRIGHT : Pretty girl. Oh, and I think she won Survivor.
HARRY TRUMAN : Midwestern sensabilities in a crazy world. I’d still vote for him.
TOM WATSON : At least for a little while he made Jack Nicholas nervous.
ED ASNER : Chuckles the Clown episode is the funniest thing I’ve ever seen on television.
AMELIA EARHART : Famous, ground breaking aviator.
ROBERT ALTMAN : Oscar winning director.
BUCK O’NEILL : This man, may he rest in peace, is one great American. Although he’s not in the Baseball HOF, there is an award named after him.
BIG JOE TURNER : Just sit back and listen to the blues, man.
DR. JAMES NAISMITH : Well, he actually lived and died in Lawrence, KS. But close enough. Heck, he invented my favorite sport. He had to be included!
MAURICE GREEN : World’s Fastest Man. (Well, maybe not anymore.)
COUNT BASIE : Kansas City style jazz at it’s best.
GEORGE BRETT : Kansas City’s greatest baseball player. A HOF’er who would have been a catrillionaire if he’d played in New York or Los Angeles. 
(As a personal aside to George, don’t feel too badly. He seems to have done alright in his financial life.)And there you have it. A collection of Kansas City talent. Now, there are more, of course. But I’ve run out of time. And it’s not likely I have the patience to continue. Enjoy the list. Feel free to add names in the comments section!Oh, and I just have to say this because of the time of year…
….Rock Chalk!
Filed under Kansas City
What is break-even (or neutral) cash flow? Mostly a lie. Well, not really a lie so much as a fantasy. Or a projection.
Lately I’ve been speaking with a lot of newer investors (1 rental property or fewer) and the term “break-even” cash flow keeps coming up. Listen, when we do these projections they are just that, projections. We try to be very accurate on income and expenses. And when I whittle all that down to Cash Flow Before Taxes and it says $895 for the year, to me that’s break-even cash flow.
For those of you who are not regular readers of BBQ Capital you need to know what I mean by Cash Flow Before Taxes. Click on the 4 Benefits of Real Estate Investingunder the Categories column. That’ll be easier than me explaining it all. But rest assured, I cover as many conceivable expenses as possible. This isn’t pie-in-the-sky.
It’s here. In writing. To me “break-even” cash flow is anywhere from losing a thousand to making a thousand. If losing a thousand is major to you then you need to be sure of your reserves that are almost mandatory or invest in the stock market where there is never a chance you could lose a thousand dollars. 😉
Filed under Personal Real Estate Opinions
Are you a Kansas City rental property owner? Do you consider yourself a real estate investor? Do you find real estate investing interesting? Then here is your required reading for the weekend. Three articles are from Jeff Brown who seems to be in the zone right now.
Some Definitions For Beginning Real Estate Investors
More Definitions For Real Estate Investors – Tax Deferred Exchanges
Adjusted Basis: It Ain’t Just ‘Buy Low & Sell High’ For Real Estate Investors
The other two articles come from Chris Smith. I may have referenced one before, but what the heck.
Real Estate Investing For The Long Haul
Real Estate Investing For The Long Haul: Part II
You have your assignment. Now enjoy your families and Easter and we’ll see you on Monday. And don’t forget, I’m here for all of your Kansas City real estate investing questions.
Filed under Real Estate Investing, Worth Reading
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