Building Credibility for Easier Borrowing
In this financial climate, credibility becomes more important than ever. Lenders who in the past would lend strictly on the equity in a property, are now looking at the character [...]
One-Day Funding Is the New Simultaneous Close…
Man, that sounds only slightly less boring than watching paint dry. But if you are trying to buy a property – whether a short sale, probate, or whatever – and sell to [...]
Scammer or Victim: Which One Was She?
The other night I received 3 emails from the same person, but through various sources - my website, and two networking sites - as well as a voice mail on my [...]
Why Hard Money Lenders Will Lend to Companies and Not People
First the disclaimer - this is not legal advice, I am not an attorney, this story was told to me by the private lender involved. It is not verified, I [...]
Using 200 Words When 20 Will Do
Here is an email I received about a hard money loan in Massachusetts. It made me laugh, and I told the writer why, he laughed also, and he agreed. "My partner [...]
What Do You Bring To the Table?
I get frequent calls from investors looking for funding for deals. Sometimes the conversation might go something like this: Borrower: Hi, I'm looking for funding for a great deal I [...]
Why Does the Agent Leave the Lower-Priced Homes Out of the CMA?
When a real estate investor buys a distressed property with the intention of rehabbing and reselling to an end buyer, those investors are frequently not agents, but they often work [...]
You Want to Close with a Title Defect? Are You Kidding Me?!
As a private lender, I work with real estate investors only, not with home buyers. The nature of my business is such that there are tight timelines for closings, and [...]
You Are Who You Recommend.
I think it's important to make a distinction between referrals and recommendations. Because if we recommend someone who doesn't deliver, it reflects poorly on us. It affects our credibility, and [...]
Closing Quickly on That Great Deal
I have a favorite saying. Lack of proper planning on your part does not constitute an emergency on mine. At the same time, one of the reasons that real estate [...]