Success Story of the Week: Unexpected Cash Flow is a Good Thing
Dorothy has been a client since 1998 when she bought her first duplex in Torrance for $170,000 (don’t cry). She called me to refinance as she has done over the years. She now owes $410,000, and the property is worth $850,000, maybe more. When she gave me the rental...
Economic news this week: Lots of news and but the needle didn’t move
Monday the Producer Price Index (PPI) for May was announced as unchanged. The Wednesday the Consumer Price Index (CPI) was announced as lower by 0.1%, and retail sales were down 0.3% (have you been reading about all the department stores closing? Brick and mortar...
Success story: I have known Claire for 20 years
She is a single woman, never married, and no kids. When I did her first home loan, she had a hard time finding anything she could afford on a librarian’s salary. It was 1995, and she knew she had to buy before prices were completely out of her range. However, the...
Success Story: How a 1031 Exchange Gave this Client HUGE Tax Savings.
I received a call last month from a client who wanted to sell her current rental property, but did not want to purchase another rental property. So naturally the conversation turned to the tax savings of doing a 1031 exchange. Here are the numbers: The house she...