If you’re considering purchasing a property for rental income, there’s no doubt you’ve already asked yourself questions pertinent to the financial risk involved. For example, will the extra income cover the upkeep of the property and the cost of the loan? Will the property’s value increase over time? But have you also considered existing methods of…

Millennials are often lauded for their entrepreneurial spirit, yet the majority of today’s successful startups are actually formed by middle-aged Generation Xers and Baby Boomers. While younger generations may have been raised with the go-getter, make-your-own-way mentality that defines entrepreneurship, they also lack two important factors to success: experience and accumulated wealth. Nothing can replace the experience…

Wise consumers know it’s always best to shop around before buying. Impulsive purchases often lead to regret, while considered decisions lead to high-quality results. The same holds true for investment properties. It’s tempting to jump on an attractive opportunity, rushing to partner with a lender so you don’t miss out. But any good investor will…

Financial advisors have a duty to steer clients away from less-than-ideal properties and toward options that are bankable. Remember: Lenders want to see investments apt to produce positive cash flow, and they’ll pass on loans if they notice red flags. The process begins with key actions focused on ferreting out unacceptable real estate properties. Read…

Too often, banks give clients the runaround. Large banks like to be vague. They don’t want to offend anyone, so when their officers decline a loan, they either rely heavily on policies and corporate speak or scapegoat the “loan committee.” This communication style leads clients to believe that something other than the stated reason is…