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If you would have told me 20 years ago, that I’d be in the middle of New York City giving out free real estate investment advice to random people, I would think you were out of your mind. I’ve made some very good Real Estate investments in my career…and some terrible ones. After 20 years in the financial service industry, with experience in investment banking, trading, real estate, hedge funds, and private equity I’m thankful to be able to share some of my experiences with others.
Yesterday, the Fox Business team and I went on the streets of New York City and helped random New Yorkers with some advice on their Real Estate Investments. Many people are concerned with paying down their mortgages. First and foremost, if you have not refinanced in this rate environment, YOU MUST! You should be taking advantage of low interest rates. The 30 year mortgage rates are near historic lows. We are highly unlikely to see rates this low in the near future.
Another individual was wondering if it was a good time to buy a second home in Florida. I believe it is a great time, if you have the cash to do it. Florida real estate market has still not fully recovered, leaving many opportunities.
If you have any questions at all, please feel free to comment below or shoot me a message. I would love to help out in any way.