Frequently Asked Financial Questions From Investors

If you are not retired, you should leverage your money. The amount of leverage is a function of how comfortable you are in your life. Generally, younger folks should get as much leverage as possible. If you are 10 years from retirement, I recommend getting a loan of less than 30%. Feel free to contact me if you want free advice on how much leverage you should have. If you don't know how much you qualify for, call my broker.

My experience has been that rates and inflation increase when the government starts printing oodles of money. The current administration has no other way of supporting these new programs. Brace yourself...

Anything other than a straight principle & interest loan is flat out dangerous. Flipping is a terrible strategy at the moment and I anticipate an increase in interest rates.

Get a normal 30 year note and pay down on the interest when you are flush. You don't want to be cornered if you run into some consecutive bad months.

If you are financially "on the fence" - self employed - unstable income - shaky credit, you should contact my broker. If you have had the same job for a long time and have an excellent relationship with your current bank, you should use your bank as long as they are licensed in Nevada.

There is no clear advantage. Pick the one you have the best relationship with.

You can get thrown under the bus in a major way if you use an incompetent mortgage broker. If you bring a mortgage broker to the table that I have not worked with, that person will need to prove to me that they know what they are doing before we proceed. My mortgage broker rocks and I have major objections to someone I have never worked with before.

On my site, I distinguish bank owned properties. If you see "UnknownBank," this means your cash is king. If you see "Wells Fargo" or "Bank of America" or similar, these banks will choose a loan over your cash offer even if you are the highest bidder. They make more money on the loan than the house.