Thinking of Buying an Investment Home? Here’s the Smart Way to Do It
Over the last few months, interest rates have come down just a wee bit, and folks with money to burn are buying investment homes. They call me to get a “rate quote” for their proposed investment home purchases. Some calls I can handle with a straight face and without rolling my eyes. Others, I don’t know whether to laugh or cry because the deals, when you plug in the numbers, look downright stupid and are likely going to be a trainwreck now or in the future. The person on the other end of the line, enamored with their shiny new object – which is the signed purchase contract on their investment home – cannot or does not see this. Sometimes, we do the deal for the client. Other times, the…