A $2,500 Investment Property? … And a lesson learned on return on investment

A few weeks ago, I purchased this smaller two bedroom mobile home for $2,500: The price was low because this home is over 30 years old and needs cosmetic updating throughout. My plan was to sell this home with owner financing. I was pondering two ideas with this home: 1. Sell the home “as-is” for…

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Prepay Your Mortgage? Could this be the best guaranteed investment we can make?

One of my clients recently asked me if he should make monthly prepayments on a mortgage for an apartment building he owns. He bought this property a few years ago and has worked hard to turn it into a profitable investment. As it looks right now, he estimates he’ll have monthly positive cashflow of $2,850.…

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