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 [...]
Why Can’t End Buyers Get a Private Mortgage?
It's the same old "unintended consequences" of legislation. Or was it unintended? In my lending business we lend to real estate investors who are buying properties for a business purpose only: [...]
Not to Pee In Your Cheerios or Anything…
Ok, this is a little bit of a rant. I get many phone calls from investors seeking financing for large multi-family complexes in other states. These investors are typically seeking [...]
Hard Money Is Too Expensive!
Hard money is too expensive. The reality: Hard money is likely going to be more expensive than that advertized by traditional lenders, i.e. a bank. However, bank financing may not [...]
Title Insurance: Why You Need It, Big TIme
The Massachusetts Supreme Court previously upheld a decision in the controversial Ibanez case. To oversimply, many lending institutions assigned mortgages to other entities without the assignment paperwork having been created [...]
Building Credibility
Credibility has always been important, and nothing has really changed. Being clear about what you plan to do, and delivering on what you say are important. Not just for [...]
Exit Strategies Out of Hard Money Loans
Buying an investment property with hard money requires an exit strategy out of the hard money loan.... Hard money is expensive, and if you haven't planned ahead for refinancing, you [...]
The Need for Speed
Sometimes a deal won't wait - and to capture a good deal, you have to move quickly. Then it might make sense for a real estate investor to use hard money even [...]