“Quote of the Week”

“Don’t Step over dollars to pick up pennies.” ~ Author unknown. Sometimes we do activities in our day or life where there is a very low payout for the activity (emotional or monetary), missing the opportunities for the greater payout. Do you find yourself going to 4 stores to get the best deals on groceries, […]

Mortgage Late Payments – Not Their Fault! How I fixed it!

Client has 2 mortgage late payments and credit score goes down 100 points. But Athena, I wasn’t late! Imagine my client’s shock when they found out that 2 of their rental property loans were 30 days past due, yet they have the loan on auto-pay.  Yes, it’s true. What they didn’t realize and didn’t see […]

Prime rate went UP, fixed rates went DOWN . . . What?

The biggest news this week was that the FOMC met on Tuesday and Wednesday. Fed Chairperson Janet Yellen announced that they had voted to raise the Fed Funds rate by .25%.  We the public know that as the prime rate.  The markets felt great relief that they finally raised the rate, and that it was […]

Saved from a $40k mistake . . .

While this is not a mortgage, I am glad to say I saved one of my long- time clients about $40,000. This client came in to find out about buying an apartment building in Lomita that was a house with 4 units in the back.  We had determined that to retire in the South Bay, […]

Powerful Economic News this Week

Mortgage rates rise .125% to .25% on the expectation of the Fed raising the prime rate, and on the stronger than expected payroll numbers… The economic news this week was thin but powerful. ADP (the payroll processing company) employment report on Wednesday stated a private payroll jump to 298,000 jobs created , much higher than […]

Review: Note Investing Seminar 2017

As a real estate investor, I’m always eager to learn about new ways to increase my cash flow. This month, I attended the Note Investor Summit 2017. Watch my review and key takeaways!

Rates are up and inflation could be too…

2 big days with 2 different outcomes.  On Tuesday, Fed Chair Janet Yellen in her annual speech before Congress, called the Humphrey Hawkins testimony on monetary policy, suggested that “waiting too much longer to raise rates would be unwise” (i.e. prime rate). This sent the markets reeling, as investors see this as negative for their […]

Private Lender Disaster. What Happened

Success story:   What to do when you pay your mortgage to a private party and when you go to pay them off they demand $20,000 more than you owe? This happened over the last week. My client bought a property (9 units) from a man who was the seller and was willing to finance […]

Interest Rates Flat but Slightly Better . . .

This week had mostly weaker than expected economic data which helped interest rates only slightly. Tuesday the Existing home sales for December were weaker than expected, down 2.8%. Thursday the initial weekly jobless claims jumped up 22k to 259k and the December new home sales were the worst in 10 months, down 10.4%. Friday it […]

Listening and Learning Works – Investor Success Story

6 years ago, a 25 year old man was dragged into my real estate investment class at TUSD.  He listened and learned.   A few months later he came in for his 90 minute free consultation.  He also played CASH Flow 101 a couple of times and had fun. During the consultation and loan pre-approval […]