Quotes of the Day

Conventional lenders are not very fond of loaning on properties owned by an entity, such as an LLC or corporation, especially for residential loans. You could, as many investors do, buy the property in your personal name and then transfer it to your LLC, but you put yourself at risk of having the "due on sale" clause called by the bank. Be sure to talk to a lawyer and CAP who can help you sort these types of issues out, or speak with your bank and get permission, in writing, to transfer your properties to an LLC after buying them (this is the only way you'll be truly protected from that dreaded "due on sale" clause). [2015] - Brandon Turner

Many financial institutions judge a condo complex to be risky if more than 25% percent of the units are rented out and therefore refuse financing to new buyers. Ascertain how many condo units are being rented out. You can do so by visiting the complex itself and talking to the occupants and owners of condos in the complex. If 25 percent or more of its units are rented, stay clear of the complex. It very well may have a dark future. The exception to this rule may be condo complexes located in tourist resort areas with high rental demands. [2013] - Dan S. Barnabic

We're getting older as a population, which means fewer borrowers and more savers. That's why interest rates are so low and why they're going to stay low. On the other hand, whatever is causing the low interest rates may also cause company earnings to grow more slowly in the future. As a result, the dividends on those stocks might grow more slowly too. If so, stocks may be overvalued after all. I'm inclined to go with a real return on equities of 3.5-4% over the next 30 to 40 years. [2021] - Frederick Vettese

Units located in the vicinity of power lines and busy roadways or railway tracks are less desirable and therefore more difficult to resell. The same is true of units that were bought without a parking space or without an option to by one. Units with nine-foot ceilings are much more attractive than ones with lower ceilings. The view from the unit is equally important. A unit facing another building across the street will fetch a lower price than one with a clear view of open spaces. [2013] - Dan S. Barnabic

When you share your vision, some people will want to help you make it happen. Others will introduce you to friends and resources that can help you. [2005] - Jack Canfield