A quick note that I just updated the ProFormaStabilized.xlsm spreadsheet to include an “actual data” input column and a “Seek Actual” button. The button calculates the required gross Return on Equity (ROE) and net cash flow required for the specified actual operating data. Now you can use the spreadsheet to calculate a required Capitalization rate […]
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 […]
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 […]
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 […]
I just added a new video tutorial “Calculating Capitalization Rate” to my information product “Introduction to Income Valuation and Syndication“. You can see the YouTube.com version here.
I added a new “Sample Analysis1” video tutorial to the Property Analysis Worksheet Short Form product. You can watch the YouTube version here. I get so many emails from amateur wholesalers who don’t know what they’re doing. They are not operating their business like a professional. I run the numbers and politely suggest that they […]
Why is common sense so rare? I just heard yet another “economics expert” on cable television (a business finance talk show) talking about delaying Social Security benefits to increase the beneficiary’s income. Here are the basic terms: At retirement age of 62, the basic monthly benefit is X. I’ll throw in a number of $500, […]
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.
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 […]