I started running a few weeks ago, and I can not decide whether I need to start the program of5k and 10k. And the coach helped me to make the decision and also provided a lot of advice aboutthe exercise before nad after the running, the nutritionand how to prevent the injury, etc. That's why we need the professional service.
It reminds me the same about the mortgage.1)First, we should have a long term goal(For me, half marathon, not sure whether I can do it).
2)But most important thing is the short term goal.
3)Then adjust the long term goal if the financial status changes.
Different people have different financial goal.One of my best friends do not touch RE at all.He think it is time-consuming. And since he is good at stocks, commodity trading, he knowshow to hedge again the inflation, pretection against loss risk, etc.
I have some clients having the goal of 4-5 REOs; some have the goal of 10 REOs. I did have a few clients already reached that goal.
For any of the goals, we need to do due diligencehomework, to find out your risk tolerance level,and what kind of investment you are interested.
It's a long way to go, and we are learningeveryday. But still we are trying. Like running,after we finished one more mile, we are one milecloser to the finish line.
Eric Fang Mortgage Blog
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