Due diligence
Gordan calls in from Milwaukee, WI. He wants to make sure the parts he gets for his work are on the up-and-up and asks Dave for advice. In the process, Dave touches on business ethics and that "gut feeling" people have sometimes.
Don't do it!
Jeremy and his wife are recent graduates, and they have $300,000 in student loan debt. They want to buy a rental property, with ideas of the income helping to pay off their debt, but Dave leaves no doubt he thinks this is a bad idea.
Need side income
Erik was recently separated from the military, and now he hopes to have a career in real estate. His wife works as a teacher, but things are starting slowly for him. He asks Dave if they should sell their home.
What percentage?
Susan from Abilene, Texas, asks Dave what percentage of your total net worth your mortgage should be after retirement.
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