First things first. Jose Canseco, who I will always remember for bouncing a ball off his head and over the home run wall, and getting pulled over in my hometown a few times cruising in a convertible and a gun in his lap, is in foreclosure. Unless he owns another home to move into, he's looking for a place to rent. Are you looking for a renter to that investment home you speculated on and can't refinance because of the credit crisis?
A new report from the Center for Economic and Policy Research, and the National Low Income Housing Coalition presents some of the current trends in the relationship between home renting and ownership. They present a good outline of some of the challenges lawmakers are facing when trying to figure out how to regulate us out of the current mess we are in. Worth a read, at least of the executive summary. Definitely read it if you are thinking of renting your house to Jose Canseco.
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About Me
- john
- As a Certified Mortgage Planning Specialist (CMPS) with extensive experience in the mortgage industry, I specialize in helping my clients find, structure and manage mortgage debt as one piece of a larger financial strategy. I provide my clients with detailed home loan and debt structuring guidance that compliments their long term financial objectives, including college savings, retirement planning and other investment goals. With an understanding of financial planning concepts that relate to taxation, investment strategy, and estate planning, I work to create a personal strategic mortgage solution for my clients’ diverse financial needs. I collaborate with advisors in other financial fields, and introduce other specialists for guidance as needed. The ability to assess and advise on all aspects of a client’s financial situation can minimize financing costs and tax exposure while building net worth – a benefit often missed when focusing on home loans exclusively.