A lot of these finti companies will work with you where they purchase a portion of your house to day. They give you then cash to day your parents were told, in exchange for a percentage of that house. In most cases that i've seen, you're not forced to sell at any particular time. But this is not a scam. This is certainly innovative and new, but as long as your parents are getting a fair value for the portion of the property that they're giving up.
#397: Nic’s parents are forced to confront earlier than anticipated retirement…and they aren’t financially prepared. Now, a bank is offering to buy a part of their mortgage or a part of their house. Is this a scam?!
Jon from Colorado is curious about after tax contributions to a Roth 401k, and would like us to talk about why we wouldn’t recommend it.
Anna is househacking, and she locked down an awesome interest rate. But, she’s still carrying PMI and is wondering if there’s a way to remove the PMI without refinancing.
Courtney from Denver is a real estate investor who wants to invest in new locations, and wants tips on building out her network.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode397
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