Archives For Real Estate

Congratulations to Robert Kiyosaki on reaching the 20th anniversary of his revolutionary book Rich Dad Poor Dad. Certainly myself and all of our clients have benefited from the wisdom within this book!

 

Kiyosaki Congratulations Opening Image

 

If you haven’t had the chance to read the book; Clearly I would recommend this as a first step in your Financial Education. If you aren’t a reader, Robert and The Rich Dad Companies have created numerous avenues for you to learn. You may want to purchase some of the videos or even a Board Game, Cash Flow and Cash Flow for Kids as other ways to learn from his valuable insight.

You can follow this link to a Blog Series that I wrote years ago highlighting some of what I learned from the original Rich Dad Poor Dad book. Visit YouTube to watch my personal Thank You message to Robert and Kim for this book and congratulating them on their years of success.

If you are looking for someone to work directly with on coaching you through some of these concepts in Real Estate Investing and/or Personal Financial Planning feel free to reach out to me directly, connect through social media channels in the sidebar, or visit Drive Planning On-Line.

Golf RE 10 questions blog

Are you considering purchasing golf real estate?

It is easy to be lured into the sales center of an upscale golf development. So be careful of the trappings that these lifestyle communities lay out. All of the warning signs may not be present to the real estate consumer. There have been numerous developments that have struggled through some of the past difficult economic times leaving behind a wake of unhappy landholders and hackers. A recent Linksliving magazine article suggested 10 Questions to ask if you are considering purchasing golf real estate. I have modified the questions from my experience and included my list below:

 

1)      Why do I want to buy golf real estate?

 

2)      Where is the developer’s money coming from and what is his debt ratio?

 

3)      What is the developer’s track record?

 

4)      How many sales has the community made this year?

 

5)      What is the community going to be like in a year? Five years?

 

6)      What happens if the community changes hands or files for bankruptcy?

 

7)      What do the employees and residents think?

 

8)      How much will golf cost? For me and my guests.

 

9)      How much will my property taxes increase?

 

10)   What are the demographics of the membership?

 

PSSSS ….. As a BONUS secret: Ask for more freebies…… they will provide them!

 

If this decision to purchase golf real estate is simply an investment there may be other investment alternatives to consider. However, if this is a choice that you are making to enhance your lifestyle then by all means “play through!” I would just encourage you to proceed with caution and make sure it is a good fit for your family.

 

Have you had a good experience with golf real estate? Tell me about it… 

 

What are additional questions that someone should consider before signing? If you have additional thoughts connect with me on Facebook or twitter to continue the discussion.

 

Recently, I was asked a few questions from a local blog in Johns Creek. I wanted to share with you the questions and my responses here. If you would like to learn more about my campaign for Johns Creek City Council please visit my Campaign Site Todd For Georgia.

 

Describe your day job, and what skill set you bring to the dais.

 

For the past 20 years I have assisted business owners and families in their financial decision making process. Through that experience I have gained an ability to understand how to ask questions and actively listen in order to understand what is both urgent and important to all parties involved. The financial decision making process for small business owners and families alike can be emotionally and financially driven. I believe it is important to be able to effectively communicate a strategy of how to deploy income and assets in a manner which will satisfy short term short objectives as well as long term success for future generations.

The same principles which I have gained as a Financial Planner can be applied to the role of a Johns Creek City Council member. It is important to ask a lot of questions in order to understand the desires of the residents of Johns Creek today and for generations to come. Once that vision is established it is important to be able to effectively communicate to fellow council members in order to gain a consensus for the vision. As a body it is the Councils responsibility to efficiently deploy the available resources to meet the objectives for today and tomorrow.

 

What would you like to achieve as a City Councilperson?

 

As a member of the Johns Creek City Council I would like to protect to the residents/homeowners of Johns Creek’s lifestyle and financial well-being. Protecting the lifestyle of the residents of Johns Creek means working diligently to improve areas that impact them on a daily basis. For example, taking responsible steps to ease the burden of traffic.

  • Working with neighboring cities to increase traffic flow and best utilize smart traffic technologies.
  • Creating restrictive zoning, NO NEW LOW END APARTMENT COMPLEXES. So that we do not create additional cars on our already overcrowded roads.
  • Seek innovative ideas like continuous flow intersections and traffic patterns.

Ensuring the lifestyle of our residents also entails creating places in which families and friends can easily gather. For example:

  • Creating a better sense of connectivity of our neighborhoods and shops.
  • Maintain a family oriented nature to our businesses.
  • Protecting our Green Space. This helps us to not be overdeveloped but again offers places for people to exercise and enjoy being outdoors.

As a member of the Johns Creek City Council I believe that we are elected to protect the citizen’s financial interests. Two of the largest ways to protect the financial interests of our citizens:

 

As a Financial Planner, I often see that a home/personal residence is one of the largest investments that many people make in their lifetime. I want to protect the home values in Johns Creek.

Currently a large part of the services of Johns Creek are paid for through taxing the homeowner. I would like to reduce the tax burden to the homeowner, so that they can keep more of their income to save, spend and enjoy. As a City Council Member I would like to:

  • Shift the Tax Basis Ratio away from the Homeowner and more towards Businesses
  • Attract the right types of Businesses to our area
  • Create a More Business Friendly Climate, relative to how we tax and engage with them in our city.

 

Differentiate yourself from your opponent.

 

In this Runoff election my opponent is Scientist, Chris Coughlin. Mr. Coughlin and I differ in numerous ways, however the three primary differentiators are:

 

  • Fiscal Responsibility –

Mr. Coughlin desires to spend 93% or $50,000,000. of money in the Johns Creek City Reserves on one project. My financial background tells me that it is irresponsible to spend almost all of your money on one item.

 

  • Experience –

 

I have experience as a Financial Planner and also as a Small Business Owner in Johns Creek. This experience is valuable in terms of being able to understand how to balance the wants of today as a family but also to cast a vision for the future of a much larger entity.

 

  • Community Service & Involvement –

It is important as a City Council Member to be a community servant and involved in the community you represent. My wife, Jackie, and I have a long track record of involvement in Johns Creek and North Fulton. She and I take an active role in making the community around us a better place. We both are graduates of Leadership Johns Creek and remain on the Alumni Board of Directors. We both volunteer within PTA and Jackie is currently the Legislative Chairperson for PTSA at Northview High School. I have been active in groups throughout the city including The Chamber of Commerce, Youth Program Sponsor for The Johns Creek Arts Center, Johns Creek Business Association, Northpoint Community Church Guest Services Team, North Fulton Community Charities, World Vision, Fellowship of Christian Athletes Board Member, Project Open Hand and numerous other community service projects.

 

Hopefully, you have found this helpful. Again, feel free to visit Todd For Ga or follow along on Facebook, twitter or connect with me on LinkedIn. I would love to earn your vote if you are a Johns Creek Voter.