Wednesday, September 1, 2010

The Real Estate Investor's Lament

Today the real estate estate investor laments his purchase.
(Kind of like everyone in our area who bought in the 2006-2007 era)

And yet, O Sovereign Lord, you have told me to buy the field—paying good money for it before these witnesses—even though the city will soon be handed over to the Babylonians

21 “You brought Israel out of Egypt with mighty signs and wonders, with a strong hand and powerful arm, and with overwhelming terror. 22 You gave the people of Israel this land that you had promised their ancestors long before—a land flowing with milk and honey. 23 Our ancestors came and conquered it and lived in it, but they refused to obey you or follow your word. They have not done anything you commanded. That is why you have sent this terrible disaster upon them.
24 “See how the siege ramps have been built against the city walls! Through war, famine, and disease, the city will be handed over to the Babylonians, who will conquer it. Everything has happened just as you said. 25 And yet, O Sovereign Lord, you have told me to buy the field—paying good money for it before these witnesses—even though the city will soon be handed over to the Babylonians.”


God goes on...

36 “Now I want to say something more about this city. You have been saying, ‘It will fall to the king of Babylon through war, famine, and disease.’ But this is what the Lord, the God of Israel, says: 37 I will certainly bring my people back again from all the countries where I will scatter them in my fury. I will bring them back to this very city and let them live in peace and safety. 38 They will be my people, and I will be their God. 39 And I will give them one heart and one purpose: to worship me forever, for their own good and for the good of all their descendants. 40 And I will make an everlasting covenant with them: I will never stop doing good for them. I will put a desire in their hearts to worship me, and they will never leave me. 41 I will find joy doing good for them and will faithfully and wholeheartedly replant them in this land."


God is saying:
This will not go on forever.
I have a plan
All this is for a good that you cannot see now.
I (God) am ultimately in control)

Monday, August 30, 2010

The Worst Real Estate Deal

All my properties went down roughly 30% these last 3 years.
In pretty much every case, that was all of my equity. More than my equity in many cases.
So real estate investing has been rough on us lately.

Here is a deal worse than any I have every made!!

Jeremiah 32
Jeremiah’s Land Purchase

1 "The following message came to Jeremiah from the Lord in the tenth year of the reign of Zedekiah,[a] king of Judah. This was also the eighteenth year of the reign of King Nebuchadnezzar.[b] 2 Jerusalem was then under siege from the Babylonian army, and Jeremiah was imprisoned in the courtyard of the guard in the royal palace. 3 King Zedekiah had put him there, asking why he kept giving this prophecy: “This is what the Lord says: ‘I am about to hand this city over to the king of Babylon, and he will take it. 4 King Zedekiah will be captured by the Babylonians[c] and taken to meet the king of Babylon face to face. 5 He will take Zedekiah to Babylon, and I will deal with him there,’ says the Lord. ‘If you fight against the Babylonians, you will never succeed.’”

6 At that time the Lord sent me a message. He said, 7 “Your cousin Hanamel son of Shallum will come and say to you, ‘Buy my field at Anathoth. By law you have the right to buy it before it is offered to anyone else.’”

8 Then, just as the Lord had said he would, my cousin Hanamel came and visited me in the prison. He said, “Please buy my field at Anathoth in the land of Benjamin. By law you have the right to buy it before it is offered to anyone else, so buy it for yourself.” Then I knew that the message I had heard was from the Lord.

9 So I bought the field at Anathoth, paying Hanamel seventeen pieces[d] of silver for it. 10 I signed and sealed the deed of purchase before witnesses, weighed out the silver, and paid him. 11 Then I took the sealed deed and an unsealed copy of the deed, which contained the terms and conditions of the purchase, 12 and I handed them to Baruch son of Neriah and grandson of Mahseiah. I did all this in the presence of my cousin Hanamel, the witnesses who had signed the deed, and all the men of Judah who were there in the courtyard of the guardhouse."

So the deal was prompted by God. God obviously had not gone to all the seminars about getting rich quick in real estate!

The terms were "all cash". Seventeen pieces of silver.
Under the laws of the government at that time, Jeremiah had first right of refusal. He had no obligation to buy it, but no one else could buy it until he had decided.

He went ahead and made the purchase, properly executing the "paperwork" and properly recording the purchase with the county.

The result?

Jeremiah lost his equity.

How much? 30%

No 100%.

This property was completely worthless once the empire invaded the land and all property rights were cancelled.

My takeaway?

Sometimes God has a greater purpose in our life than just making money!!

Sunday, August 29, 2010

Everyone, from the least to the greatest, will know me already

After all the woes Jeremiah has been speaking, he now delivers some promises from God.

Jeremiah 31
Hope for Restoration


“In that day,” says the Lord, “I will be the God of all the families of Israel, and they will be my people. 2 This is what the Lord says:

“Those who survive the coming destruction
will find blessings even in the barren land,
for I will give rest to the people of Israel.”

3 Long ago the Lord said to Israel:
“I have loved you, my people, with an everlasting love.
With unfailing love I have drawn you to myself.
4 I will rebuild you, my virgin Israel.

ou will again be happy
and dance merrily with your tambourines.
5 Again you will plant your vineyards on the mountains of Samaria
and eat from your own gardens there.
6 The day will come when watchmen will shout
from the hill country of Ephraim,
‘Come, let us go up to Jerusalem[c]
to worship the Lord our God.’”

7 Now this is what the Lord says:
“Sing with joy for Israel.[d]
Shout for the greatest of nations!
Shout out with praise and joy:
‘Save your people, O Lord,
the remnant of Israel!’
8 For I will bring them from the north
and from the distant corners of the earth.
I will not forget the blind and lame,
the expectant mothers and women in labor.
A great company will return!
9 Tears of joy will stream down their faces,
and I will lead them home with great care.
They will walk beside quiet streams
and on smooth paths where they will not stumble.
For I am Israel’s father,
and Ephraim is my oldest child.

20 “Is not Israel still my son,
my darling child?” says the Lord.
“I often have to punish him,
but I still love him.
That’s why I long for him
and surely will have mercy on him.
21 Set up road signs;
put up guideposts.
Mark well the path
by which you came.
Come back again, my virgin Israel;
return to your towns here.
22 How long will you wander,
my wayward daughter?
For the Lord will cause something new to happen—
Israel will embrace her God.[f]”

31 “The day is coming,” says the Lord, “when I will make a new covenant with the people of Israel and Judah. 32 This covenant will not be like the one I made with their ancestors when I took them by the hand and brought them out of the land of Egypt. They broke that covenant, though I loved them as a husband loves his wife,” says the Lord.

33 “But this is the new covenant I will make with the people of Israel on that day,” says the Lord. “I will put my instructions deep within them, and I will write them on their hearts. I will be their God, and they will be my people. 34 And they will not need to teach their neighbors, nor will they need to teach their relatives, saying, ‘You should know the Lord.’ For everyone, from the least to the greatest, will know me already,” says the Lord. “And I will forgive their wickedness, and I will never again remember their sins.”

35 It is the Lord who provides the sun to light the day
and the moon and stars to light the night,
and who stirs the sea into roaring waves.
His name is the Lord of Heaven’s Armies,
and this is what he says:
36 “I am as likely to reject my people Israel
as I am to abolish the laws of nature!”
37 This is what the Lord says:
“Just as the heavens cannot be measured
and the foundations of the earth cannot be explored,
so I will not consider casting them away
for the evil they have done.
I, the Lord, have spoken!"

As bad as the woes are, the promises are even sweeter!!