4 ms·
Am I the only one utterly shocked by the fact that this woman is supposed to be some sort of small business mentor? From the front page of their site: "Compani
by brk 18y ago
Am I the only one utterly shocked by the fact that this woman is supposed to be some sort of small business mentor?
From the front page of their site:
"Companies that are accepted into the Stealthmode Partners portfolio receive coaching, consulting, and connections to the people and resources they need to reach success."
I really don't think this person is in a position to be handing out advice and counseling.
My wife and I have 2 properties, our regular house and a lake house in a nice community on Winnipesaukee. In both cases when we purchased these properties we "qualified" for far larger loans than what we actually took out. We did some "worst case scenario" math to make sure if one of us lost an income we wouldn't end up crying on the Interwebs about the unfairness of the world. We also made sure to put enough down that if we had to we could unload the properties fairly quickly (yeah, it would be a huge loss, but we wouldn't get backed into a financial corner).
Personally, I have no sympathy for this person or the majority of other people in this situation. ESPECIALLY when you consider that, like many of us, she should have lived through the whole .com boom/bust and had some inkling of how things can turn on a dime.
I'd like to ask for the government to magically remortgage my properties for what they're now worth, except that through some logical forethought and planning my properties are worth much more than the loan amount.