How Do I Know if I’m Eligible for a VA Loan?
To know if you are eligible you would send for a VA certificate of eligibility. Most lenders will do this for you. You will need to present your DD214 (discharge paper from the VA) and sign a form requesting this. The VA now has an Automatic Certificate of Eligibility...
Unlocking the Power of Leverage. A Success Story
Tom and Betty bought a triplex in Torrance 3 years ago for $790,000. They put 30% down and got a 30-year fixed rate of 5.125% on a loan amount of $553,000. When they received my postcard about freeing-up cash, they found out that their property is now worth $1,000,000...
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...