Getting paid to borrow money.
The cacophony of advice about where to put your money coming at you from all sides can sometimes be deafening. We know that. That’s why we try to be the Joe Friday of investing. Remember the character from Dragnet? “Just the facts, ma’am.”
At Platinum Properties, we’re big on facts and when...
What happened in 1971?
There was a major change to US economic policy relating to the dollar in 1971 under President Nixon. Actually, the trouble began in 1970, as the Vietnam war continued to grind along and the US was running a trade deficit for the first time that century. The idea that we could keep even a semblance of...
Here's how to devalue the dollar by 94%.
Federal monetary policy over the last eight decades has been a model on how to destroy a currency. From a high in 1933, the purchasing power of the American dollar has dropped by 94% in the past 76 years. Accidental? Let’s just say that this was the only ending possible to such an unbroken string of...
TIC's are an uncommonly poor choice for real estate investors.
In our daily pursuit of real estate investing excellence, let’s take a short detour through the concept of Tenant In Common (TIC). As you might guess, a TIC scenario is when more than one investor owns a single property. There are so many problems that can arise in this sort of partnership but all...
Why buying a REIT is a bad idea.
The options are endless and sometimes tempting. A REIT is one of them, an acronym that stands for Real Estate Investment Trust. Hey, it’s real estate. That’s a good thing, right?
Not so fast. In the case of the REIT, you might as well be buying a stock and everyone out there in Creating Wealth...