Welcome to the 2009 spring issue of the S.E.C. Observer. Tom Langel, S.E.C. President, encourages us to seek opportunity and find the “silver lining” in these challenging times.
William Stonaker, S.E.C., CCIM, presents Part II of “Deer in the Headlights,” and Stephen Barker, S.E.C., CCIM, explains why “kryptonite won’t work to eliminate debt.” Stephen England, S.E.C., ALC, warns us “not to ignore problems in this troubled economy;” and Ron Robinson, S.E.C., advises us that everyone should adhere to the “code of the west” at all times. Chuck Sutherland, S.E.C. and Stephen Barker offer formulas to help you be more creative and so you can close more transactions.
Lance Warner, S.E.C., 2009 President of the S.E.C. Education Foundation, updates us on the important role of the Ed Foundation during the economic downturn; and Larry Browning, S.E.C., is “In the Spotlight.” The “History Files” in this issue were originally published in July, 1973. Cliff Weaver presents a technique for you to “hold on to more of your cash;” and Yvonne Nasch provides a “double in lieu of” formula that resulted in four closed transactions.
In this issue we are pleased to announce a new column from our national sponsor, “News from Exeter 1031 Exchange.” Bill Exeter will keep us up to date with new laws, tips, and techniques concerning exchanges.
Enjoy this issue, and as always, we welcome your comments, suggestions, and articles to be considered for publication. Please contact the S.E.C. office via email sec@secounselors.com.
Jackie Hellingson
S.E.C. Observer Editor
S.E.C. President's Message
I Do Not Choose to be a Common Man
It is my right to be uncommon—if I can. I seek opportunity—not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I want to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole. I prefer the challenges of life to the guaranteed existence, the thrill of fulfillment to the stale calm of utopia.
:: read this articleFeature Articles
Deer in the Headlights II: Where do We Go from Here
Last edition, I wrote about being positive, communication with your lenders and partners, brainstorming at S.E.C. meetings and with your acquaintances, figuring out what works in a recession and upgrading your skills. This edition, I want to concentrate on personal development, focus, and time management.
:: read this article Debt – Kryptonite Doesn’t Work
As we all know, it’s hard to fly like Superman not only when your cape is on fire, but when you have a portfolio filled with Debt laden properties that are ready to hit the proverbial lender graveyard. Historically, Debt has undermined many great fortunes. Among our founding fathers, Jefferson, Adams and Franklin, (and most of the other founding fathers) experienced the continual and unrelenting anxiety associated with maddening Debt.
:: read this articleSociety Columns
Troubled Economy - Don’t Ignore Problems
Some of us remember quite clearly the economic collapse of the 1980s. We all need to recognize that we are facing a similar time. Some of our clients, friends and maybe we personally could face some huge financial issues. What knowledge might be timely?
:: read this article The Code of the West
Jim Keller, a fellow S.E.C. Member, and I read western lore avidly, and have been doing so for more years then we care to remember. We both agree that the Western world of old, which we have grown to love, accurately depicts the true meaning of Americana.
:: read this articleFormulas and Strategies
Guerilla Financing
The recently well attended S.E.C. meeting in Carefree, Arizona, was the epitome of a selfless collaboration of problem solving professionals. The treasure trove of experience, knowledge and creativity highlighted a most productive marketing session.
:: read this article Land Plus Cash Equals Notes
If you own a piece of land and would like to receive the highest value, but you are currently unable to sell it for that value, consider adding some cash to your land and exchanging it for some existing or to be created notes.
:: read this articleS.E.C. Education Foundation
The S.E.C. Education Foundation
As the new S.E.C. Education Foundation Board has been going about the work of organizing programs and tasks in support of Ed Foundation goals, we have not lost sight of our ongoing responsibility to schedule timely and pertinent education for our Sunday education forums held in conjunction with S.E.C. Marketing Meetings.
:: read this articleSociety News Briefs
S.E.C. National Invitational Marketing Session
The S.E.C. National Invitational Marketing Session will be held in Louisville at the Seelbach Hilton Hotel, 500 Fourth Avenue, Louisville, KY 40202. Visit www.seelbachhilton.com to learn about the hotel and visit www.gotolouisville.com to learn about the Louisville area.
:: read this article Beyond 1031 – Market Driven Exchanging
The S.E.C. Education Foundation is pleased to announce that “Beyond 1031 – Market Driven Exchanging” will be presented by Chet Allen in Louisville, Kentucky, on May 17th. Chet is an Exchangor, Developer, Contractor, and Instructor.
:: read this articleIn the Spotlight
Larry Browning, S.E.C.: Biography
Larry Browning has gone through his life using the philosophy that his father, whom he describes as a man of honesty, imbedded the following into him when he was a child: “Your word is your bond, always tell the truth.” This statement is reflective in all aspects of Larry’s life.
:: read this articleThe S.E.C. History Files
A Stick, a String, and a Carrot
Many Realtors use cash to buy or control real estate for their own account. This program is OK if you have plenty of the green stuff around. However, once you use cash, it’s gone for a period of time, or what Jim Misko of Eugene, Oregon, calls “final spending.” The money is gone and gone probably when you need it.
:: read this article Double in Lieu Of
An interesting technique to start a multiple exchange is often over-looked, and many transactions that “could have been” never got off the ground. I can best explain the technique by referring to a personal experience, a “double in lieu of” and happy conclusion. The important thing is to know the technique and put it to work.
:: read this articleExeter 1031 Exchange News
Update from Exeter 1031 Exchange
Thank you for the warm welcome that Kim Englert and I received at the recent S.E.C. marketing meeting in Tulsa, OK. Kim and I look forward to working with each of you on your next 1031 exchange transaction, and to serving as your technical support team and sounding board for 1031 exchange related matters.
:: read this article
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