Relatively new clients came to planner Russ Weiss recently with an idea. The couple wanted to buy their daughters home in California, putting down $400,000 and mortgaging the rest. The association fees, taxes and mortgage payments were about equal to what they could get in rent, recalls Weiss, a planner at Marshall Financial Group in Doylestown, Pa.
Not so fast, Weiss thought. It took a little reframing for them to see it differently. They werent going to make any money on the $400,000 they were putting down, and they were going to take on all the risks of being a landlord.
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