Cheri wins the prize for the longest email question I have ever received. Essentially, her question comes down to this - If a friend or family member is in need of cash and has equity in their house, what is the best way to get the equity out of the house?

A: This is where a blog entry will not suffice. The answer is to sit down one-on-one with a wealth strategist and determine the best strategy based on all of the facts and circumstances for both you and your friend. The struggle I have always had with detailed questions is that I simply don't have enough information to give an appropriate answer.

One answer does not fit all in this type of a situation. Remember that investing is different than being an employee or being a consumer. It's not a matter of determining the lowest price. It's a matter of making the best investment. The cost of an investment usually includes education and professional advice. If the investment is worth making, it's worth getting the right advice from the best advisors.

So my answer isn't going to be what you probably expected. My answer is to sit down with a good wealth strategist to help you devise a plan not just for this transaction - for all of your future wealth building deals. If you would like a referral, please call our office at 866.467.5809 or send us an email at cs@provisionwealth.com

Warmest regards,

Tom