loan

Like all we know and experience in today’s recession, one of the hardest hit businesses in recession today is small businesses, especially real estate business. For small business owners or independent real estate investors, getting around our way around recession can be done by loan management and debt restructure.

I am certainly not a real estate expert, but I understand that, like in any other businesses, smart your way through recession is the key to survival.

With the rising cost of living and interest rates today, it is desirable to have a strong refinancing strategy to help you withstand and rise above the pressure of recession.

Good debt vs. bad debt - a grey area today

I enjoy Robert Kiyosaki’s principle of good debt and bad debt.

Good debt is debt that make you money. Bad debt is debt that lose you money.

In today’s raised interest rates, some good debt investments are becoming, or starting to become, bad debt investments.

How’s this happen?

Some investment properties are no longer having positive cash flow, businesses struggle to pay their debt and keep their cash flow on the green, etc.

One of the most common ways to tackle those situations is by refinancing your debt.

Loan and mortgage refinance

Among many loans, mortgage loans are often being the type of loan that need refinancing.

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