My cell phone has a sense of humor, and apparently more discretion than I!
Tuesday, January 11
A few of us were networking after a real estate investor meeting the other night. A friend had gotten a new Droid and was amazed at what it could do - pull up listings, get him to the listings, etc.I also have a Droid, and I was checking my email. I explained to him how I was starting to use t...
Hard money is too expensive
Sunday, January 09
Hard Money Myth #3Hard 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 be an option, for any of the following reasons:1. A quick funding date may be impossible for a ban...
Why real estate investors need owners title insurance
Saturday, January 08
The Massachusetts Supreme Court recently 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 and recorded. These new entities initiated foreclosure proceedings. Th...
Jobs report means more end buyers and more competition for bargains
Thursday, January 06
On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report.More commonly called "the jobs report", the government's data include raw employment figures and the Unemployment Rate.The jobs report hit the wires at 8:30 AM ET today. It's making big waves ...
Hard money borrowers are in trouble? Says who?!?
Wednesday, January 05
Hard Money Myth #2Borrowers are desperate, in trouble and without options.The reality:Most hard money borrowers are solid, successful businesses that have circumstances or opportunities that do not fit well into the rigid structure of institutional lending. They choose the hard money route becau...
Hard money lenders are a bunch of sharks!
Tuesday, January 04
Hard Money Myth #1:Hard lenders are a bunch of disreputable loan sharks trying to prey on the unwary.The reality:Most hard money lenders are simply business people - not predatory lenders. Most principals in hard money lending organizations are successful businessmen or women with backgrounds in...