Rents a small apartment on the beach with a college roommate
Helps at the local gym where he teaches swimming
Plans to marry and have a family someday
One day Adam's landlord, John Watkins, called with an investment opportunity. He explained that he was selling the apartment complex where Adam lived. However, Adam didn't necessarily have to move: the new owner was converting the apartments to condos, and offering them to current tenants at 25% below market price. "That's a great deal, Adam!" said Watkins. Adam hung up the phone feeling excited. "Wouldn't that be great!" he said to his roommate Barry. "I love living near the beach, and I'm sick of throwing money at rent. And I could make money someday by renting it out myself". "Yeah, but Adam," said Barry, "how are you going to pay for it?"
Click on the "PLAY" button to listen to the story.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Investment & Insurance Services at Flagstar Bank is a trade name of Flagstar Bank. Infinex is not affiliated with Flagstar Bank. Certain insurance products are offered through Douglas Insurance Agency, doing business as Flagstar Investment & Insurance Services, which is affiliated with Flagstar Bank. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.