Tag Archives: mortgage

Investing in Rental Properties

I just watched yet another “Personal Finance Guru” on cable TV who recommends NOT to invest in rental income properties, but instead to invest in municipal bonds, claiming that such debt instruments are paying 5% to 6% tax free and are much safer than rental properties. To use the guru’s favorite retort, “Are you kidding […]

Posted in Real Estate Investing, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Investing in Rental Properties

New Wealth Creation Information Product

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 effort, retire […]

Posted in Real Estate Investing, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on New Wealth Creation Information Product

The Infamous Reverse Mortgage

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 financial […]

Posted in Real Estate Investing, Time Value of Money, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on The Infamous Reverse Mortgage

Guru Tips on Refinancing

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 when you can recover […]

Posted in Real Estate Investing, Time Value of Money, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Guru Tips on Refinancing

Should I Pay Off This Mortgage Loan?

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 […]

Posted in Real Estate Investing, Time Value of Money, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Should I Pay Off This Mortgage Loan?

Property Analysis Worksheet Short Form new video tutorial!

I just updated the Property Analysis Worksheet Short Form product with a short video tutorial about the RepairEstimates worksheet and the QuickTurnSummary worksheet.
Operate like a professional wholesaler by using my spreadsheet to calculate and justify your ridiculously low cash offers. Use my spreadsheet to determine whether a wholesaler is a professional or just another clueless […]

Posted in Real Estate Investing, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Property Analysis Worksheet Short Form new video tutorial!

Power Debt Plan Spreadsheet product update new tutorials!

The Power Debt Plan spreadsheet has added video tutorials 7 & 8 that demonstrates an advanced concept of using leverage to pay down your debt much faster. Check out the sales page to see the YouTube versions of the videos.

Posted in Real Estate Investing, Time Value of Money, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Power Debt Plan Spreadsheet product update new tutorials!

Product Update with new Quick Turn Summary worksheet!

I just uploaded a product update for the Property Analysis Worksheet Short Form. It now has a new worksheet that summarizes the project for your private financier! You can save the worksheet as a PDF file or directly print out the worksheet and take it to your local real estate investors club.
Go now to the […]

Posted in Real Estate Investing, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Product Update with new Quick Turn Summary worksheet!

Product Update with new tutorial videos!

There is a product update for the Property Analysis Worksheet Short Form that includes another 40 minutes of mp4 tutorial videos that show detailed analysis for Hard Money financing and Self-Directed Individual Retirement Account (IRA) financing.
Check out the product page by clicking here.

Posted in Real Estate Investing, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Product Update with new tutorial videos!

New Power Debt Plan Spreadsheet available now!

I just released my latest information product! I am sure you’ve heard of “Debt Snowball” and “Mortgage Accelerators”. If you are struggling with bad debt and don’t know how to dig yourself out of it, then this product is for you.
It is a Microsoft Excel 2007 spreadsheet. It has powerful macro software that calculates the […]

Posted in Time Value of Money, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on New Power Debt Plan Spreadsheet available now!