Broker Detective Blog

Michael K asked:


We have a large amount of equity in our current house.
We have no bills other than the mortgage on our current house.

Is a home equity loan to get to the 20% down payment and then a conventional loan on the investment property itself the best way to go?

Or is it best to finance the investment property itself rather than using the equity in the primary residence. We could finance 100% of the loan purchase price or do a secondary mortgage to come up with a 20% down payment.

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Bulldog asked:


What is the best tax free investment for $900,000.00 for two people who are retired and wanting to relocate to Vegas or Florida?

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Ed R asked:


I really screwed up and have over $50,000 in investment losses this year! Our gross income from salaries for this year will only be around $50,000.

In addition, I lost $5000 in my Roth IRA. I just read that I can only deduct $3,000 in investment losses. Does that include IRAs PLUS regular investment activities?

Also, will any interest I accrue via CDs or dividends from stocks or mutual funds essentially be tax-free now since I have such a large investment loss? Or is that a different category?

Please help, I really screwed up this year and am hoping somebody has some suggestions to make this better. Thanks in advance!

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Daniel asked:


What is the best short term investment for one’s money with the highest return, with the lowest amount of risk? I’m invested in CD’s and they give a good interest rate and very skeptical of the stock market yoyo and not interested in the shaky housing market. But my question still remains and want to know what do you think would be the best investment, also thinking about foreign securities, but what do you think is a good investment and also for retirement long term too?

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Jessica asked:


My husband and I have just received a settlement around 10k. What would be the best way for us to invest this money. All of our debt is paid off. What investment options has really yielded a high rate of return for you?

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