Could You Use an Extra $500 in Cash Flow
Finished out Level 1 class for investors and had our first student get an offer accepted on a triplex with $30,000 down and $500 per month in cash flow. If you are worried about the stock market, start learning about real estate investing. I am always so happy when...
True or False: When the Prime Rate Goes Up, Fixed Rates Go Up
FALSE! My experience in the last 25 years is that when they raise the prime rate, markets react with a sign of relief, and therefore, at least temporarily, the fixed rates go down. Also it should be noted that when the prime rate goes up, corporations’ debt service...
Rate Hikes in December?
It was a quiet week in economic news. The biggest news was the “watching” of the Federal Reserve. The long awaited (not) meeting minutes of the FOMC meeting had stronger language, hinting at a rate hike in December. The meeting will be held December 16th. The other...
Couple Manages to Get Money for Retirement
Clients who bought their home in 2005 for $580,000 and saw the value drop to $350,000 have finally seen their neighbor this month sell for $600,000. Yes they now can refi their 0 down loan from 2005. They still have a 6.1% interest only loan, and have not paid extra;...