“..Be fearful when others are greedy and to be greedy only when others are fearful.” Warren Buffett. Blake Reese -told me this quote and now it is one of my favorites.  With so much fear in the market, placed in every nook and cranny by the media, its easy to forget that now is the time...

Credit is getting tighter and tighter. Many people say it’ll NEVER go back to the glory days of 2005 and 2006 when banks were just giving money away. But why is credit so tight? There are so many reasons, but one of the biggest reasons is that no one is buying the paper they were buying even 6...

Real estate investors with access to Short-Sales, Foreclosures, and REOs rely on hard money to take advantage of rare opportunities.  When flipping a property, hard money is just a tool to acquire it and make a decent buck quickly. However, unless these same properties are resold at fire sale or de...

I learned a very valuable principle at a meeting I attended last week. It was an “ah-hah” moment for me when I heard it and thought it worthy of sharing with you. Whenever we meet anyone or talk with anyone we are talking to the entire network of individuals that that person knows. Each ...

Although we are experiencing turbulent times in the current real estate market, there is plenty of opportunity.  For both lenders and borrowers within the space of private and hard money, these times will be some of the best of times. For hard money lenders, their success depends on the strength an...

Especially lately, I feel like I’m on a soap box about the importance of choosing the right private money lender for your specific situation or deal.  With so many lenders to choose from, you really have to make sure that your interests in the deal are met.  Because each real estate deal is ...

I can’t tell you how many horror stories I’ve had to listen to lately where banks are calling Notes due from investors.  Many of these investors are heavily invested, with a ton of cash and time into these deals.  Fortunately, none of this defunct financing I helped put together! But, ...

Are stated income loans a thing of the past? Many people say stated loans are the reason for the current turmoil in the credit markets.  I tend to disagree. I think banks made poor underwriting decisions with stated income loans. I also think stated income loans are a necessary wheel in the economy...

The government is coming in to the rescue in more ways than one.  Mortgage rates have gone down to around 5.5% and government backed loan guidelines have softened.  This is not only good news for new home buyers but also for those who want to get cash out or refi their property. How long will it l...

A private money lender won’t even look at your loan request unless you first have an Executive Summary. What is an executive summary? What is the definition of an executive summary? Well you can start with Wikipedia and that will give you a variety of formats for an executive summary.  Howeve...