Quotes of the Day

Many mortgage lending credit-risk departments want you to have no less than $50,000 in investable assets outside of real estate for every property you own. They do this for two reasons: 1) they want to see investment diversification so you do't get into financial trouble; and 2) they want you to have the backup liquidity to endure a surprise maintenance cost or short-term tenant strife. [2017] - Calum Ross

The ideal renovation job for a real estate investor is paint, a thorough cleaning and a flooring job. When doing these simple renovations you're in and out quickly, which allows you to start earning an income or a profit on the property quickly. The small interior stuff can add the most value. [2012] - Ian Szabo

Online dating sites and mobile dating apps give you mate-search superpowers. Each site or app tends to specialize in different mating goals (e.g. AdultFriendFinder for casual sex with "hot, horny singles...NOW!," Tinder and Zoosk for short-term dating, Match.com, eHarmony, and PlentyofFish for longer-term relationship, OKCupid for polyamory). [2015] - Tucker Max

Make an offer that is crazily low. It usually brings a startled response from the other party. You then say, "Well, what did you have in mind?" Psychologically, the vendor will choose a figure closer to his or her bottom line because he or she will try to minimize the difference between the two numbers. A word of caution: don't use this technique unless your relationship is quite strong. This tactic can cause anger in the other party; you could lose face in the negotiation and the vendor may outright refuse to negotiate with you. [2009] - Don R. Campbell

If a trader plans on ever buying and/or selling currencies during any type of fast market, it may perhaps be in the trader’s best interest to choose a fixed-spread broker. [2009] - James Chen