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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...
Economic News: Fairly Quiet with a Slight Dip in Rates
This week was another quiet week in economic news. On Thursday the government revised their Q$ GDP number from 19 to 2.1 – meager but still a light indication of inflationary pressure, which means bad news for fixed rate mortgages. Friday we got the personal income...
“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...