I am often astonished at the real estate “Guru” who charge outrageous (unpublished) interest rates for their products. As if their astronomical pricing isn’t bad enough, they offer time payment plans that are nothing short of usurious, making high credit card interest rates seem reasonable in comparison. I recently sat through a yet another long-winded video […]
Low interest rates are very enticing. I want to suggest caution, because an increase in interest rates will dramatically affect the value of real property. Real estate is a “borrowed money” business. The cost and structure of financing determines the income valuation of the property. Similar to bonds, the value varies inversely to the yield […]
I just released my latest wealth creation information product. It is called (drum roll, please): “How to Pyramid Your Equity to Create Wealth and Financial Freedom” It’s a thick, jam-packed (over 100 pages) special report PDF with forms and spreadsheets. It explains several ways of creating or leveraging equity so that you can, with very diligent […]
I just added a free PDF special report about the infamous “Reverse Mortgage”. There are finance companies that are offering the “Reverse Mortgage” to seniors (at least age 62). Seniors with a substantial amount of equity in their residence are targets of this aggressive predatory loan. There are many “celebrities” who claim a reputation for […]
I just posted a new article on the Time Value of Money (TVM) principles for refinancing your home. I just heard some ridiculous financial advice from a “personal finance guru” regarding refinancing your home mortgage. Refinance to a lower interest rate. Refinance to a shorter amortization term (number of payments to pay off). Refinance only […]
I just heard a personal finance expert recommend paying off a mortgage that has 14 years remaining. Here are the parameters of the 30-year fixed rate loan: Debt Present Value: 229,880Remaining Term: 168 (16 years paid, 14 years left)Annual Interest Rate: 6.6% (fixed over 30 years)Monthly Debt Service: -2,100 (principal + interest)Annual Debt Service: -25,200 From these […]
I just updated the ProFormaStabilized.xlsm spreadsheet, added a new mail merge template, and added another video tutorial for the mail merge templates to my Introduction to Income Valuation and Syndication product. You can view the YouTube.com version of the video tutorial here.
I just added a new video tutorial “Calculating Capitalization Rate” to my information product “Introduction to Income Valuation and Syndication“. You can see the YouTube.com version here.
I just posted a short article about starting your own real estate syndication business when you have no prior experience managing other people’s money or assets. You can read it by clicking here.
I just updated the ProFormaStabilized.xlsm spreadsheet, added 4 mail merge templates, and added a video tutorial for the mail merge templates to my Introduction to Income Valuation and Syndication product. You can view the YouTube.com version of the video tutorial here.