Do your notes need to carry interest?

Do your notes need to carry interest?   I was at worship the other day with a five-yea- old who was trying to sell his Rubik’s Cube.  I didn’t know they still make those things, but for fun, I played along and asked him how much he wanted for the toy.   Tyner:  “Nine hundred sixteen”. Me:  “Nine hundred sixteen what?” Tyner:  “Cents.” Me:  “OK, how about this; I can…

Can you make creative offers with a realtor?

Can you make creative offers with a realtor?   You certainly can. Agents will present any and all written offers to their clients.   Just make sure you realize this doesn’t make the seller’s agent your agent, however. At the end of the day, the seller has a relationship with their agent. They trust their agent and have hired them to council them as to what is in their best…

Does a refi make cents?

Does a refi make cents?   I got a call recently from an investor named Brad that had a conundrum. He was looking at refinancing a mortgage from a 30-year fixed ARM (adjustable rate mortgage) to a 15-year fixed mortgage.   A fixed adjustable rate mortgage sounds like an oxymoron.   They work like this- for the first five to ten years the rate is fixed. After that, it can…