Why it Pays to Reach Out to Old Friends
Does this sound familiar? A previous client had been in and out of work for 18 months. He needed money and decided he’d try borrowing against a home he owns with his siblings. Unfortunately, not only is the home being rented for under market to one of the siblings, he...
“Oh, I’ll just AirBNB it!” Investor Lessons from Real Life
I had a client who was in for a rental property coaching session. They had found a condo in a nice beachside location. The Price was $600,000 and HOA dues were $400 per month. Based on the due diligence we did for market rents, it seemed that they could rent it out...
True or False: When you are self-employed it’s hard to get a loan
True or False: When you are self-employed it’s hard to get a loan? FALSE! If you’re self-employed you’re going to LOVE this Client Success Story. This long time client watched her property go up in value in 2005, then, during the mortgage meltdown of 2008 her house...
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...