In the popular press today, almost every time you see the label “fixed income” it goes with a negative story – often about retired people trying to live on an income that’s basically fixed to the amount of social security they receive each month. However, in the investment world, enjoying a fixed income can be a huge bonus, especially considering how some other investment options today are delivering such unpredictable returns. Hard money loan ROI Of course, a fixed-income investment is only good if it offers an attractive rate of return, and that’s where hard...
Wouldn’t it be great if during your yearly physical your doctor would examine you as closely as your bank does when you apply for a mortgage? The actual time our doctors spend examining us can usually be measured in minutes. It takes weeks – if not months – for banks to finish probing all the details of our lives. They want to see every shred of paper we have that relates to our finances. We have to bring in pay stubs, leases, old tax forms – anything that has a dollar sign on it somewhere. They go online and pull reports on us. They leave no stone unturned,...
I know a guy who inherited the home he grew up in when he was in his late 20s. He rented it out and purchased a separate home for himself and his new bride. The old family homestead continued to appreciate in value and eventually he knew it would be smart to sell it and leverage the cash to buy a greater number of properties. He did this successfully and started to see his little portfolio of residential real estate grow. However, he still remembers a conversation he had over the phone with his representative at one of the major conventional lenders. They held...
In one of the Rolling Stones’ earliest major hits, Mick Jagger sings, “Time, time, time, it’s on my side – Yes it is!” Considering how long the Rolling Stones have been recording and touring, I’d have to admit that time has been on their side. But, more often than not, that isn’t true for most of us. When you spend money, you can always work to replace it. Once time is spent, it’s gone forever. This is especially critical to understand in regards to our financial lives. The old saying “Opportunity only knocks once” is based on this idea. At Evoque Lending, we...
