A few weeks ago I made the claim that equity managent was not what it’s craked out to be. I also wrote a post on AgentGenius.com (a national real estate magazine) that equity management is overrated. I can’t say these articles have caused a firestorm, but proponents have come out and made some really good rebuttals.
Yesterday, Robert Ashby wrote that equity management is misunderstood and made a very good case on the other side. He breaks down my arguments point by point and presents a very good set of counter arguments. As someone who has personally practiced the principles he is very well positioned to provide some insights.
… as one who practices equity management myself and has provided many families mortgage plans that are helping them meet their financial goals by using their mortgage as a tool, I have to disagree with it being overrated. The bottom line, as I see it, is equity management can help anyone, regardless of what the markets are doing since it is centered around the individuals financial goals and dreams.
Don’t forget to read the comments in these pots. Some industry heavy hitters like Jeff Brown and Brian Brady provide some really good counter arguments as well. Not quite a juicy firestorm, but it’s an educational experience for anyone curious about equity management!