All Forum Posts by: Joseph Celes

Hi Moses, It depends on what you want to do with that plan. 

Asking for a Financial Plan is like asking for a Diet Plan. You'll get hundreds of recommendations but if it is not towards your goals, then it is useless.

If your goal is to get a second opinion on where you stand today, a Financial Advisor could help.

If your goal is to analyze a Real Estate Transaction, I'd ask a Mentor.

If your goal is to get Tax Advice on a deal, call a CPA.

Just don't go paying Hundreds of dollars when you really only have a specific question in mind.

I.e. Don't hire a personal trainer when you are trying to decide if you should eat that piece of cake.

Hi Moses,

As a 12 year Financial Advisor in CA, I can tell you the majority will direct you to products they can get compensated on. REITs, IRAs, Stocks, Mortgages etc. The governing bodies that regulate Financial Advisors; FINRA and the SEC do not allow compensation on too many Real Estate specific transactions.

The exception will be an advisor that is working for you on a Fee basis. You pay an upfront fee, and they perform a full analysis on your Financial Statements and give you some recommendations. Again these recommendations will most likely be directed towards products they can be compensated on, but the advice behind the recommendations may be sound based on your current financial profile.

For my clients, I do their Real Estate Investment analysis for free. But that is only because we have an existing relationship and trust.