What is this “Horrendous” Dodd-Frank Rule Pres. Trump Wants to Fix?
Monday, June 12
On February 3rd, 2017, President Trump signed an executive order that requires the Secretary of the Treasury to review Dodd-Frank. So, what is Dodd-Frank?The Dodd-Frank legislation was passed over six years ago and it was intended to prevent the market turmoil that ensued in 2008, from happening...
7 Reasons for Real Estate Investors to Choose Private Equity Based Len
Friday, June 09
Stronger Offers. With private lender funds, you can make stronger offers with quicker closings and eliminate financing contingencies with offers just as good as cash. Real estate brokers present numerous offers to their clients and the strongest offers are accepted. The strongest offer is not a...
Avoid Computer Generated (AVM) Home Values
Tuesday, June 06
My story on the AVM model going wrong on my line of credit prompted me to write this article.I remember my first real estate broker was also an appraiser. God rest his soul, he was a great guy. I remember him pulling up Zillow and looking at their automated value model (AVM) estimate (Zestimate...
Who Wants to be an Entrepreneur?
Tuesday, May 30
Being a serial entrepreneur, I frequently hear from people who want to open their own business. I want to be a real estate investor and flip homes. I want to start lending out my own money and become a private lender. I want to buy multifamily apartments like you do. After some meaningful conv...
Should I use a Private Lender or Hard Money Lender?
Friday, May 26
There are some people out there that will delineate these two in completely different ways. I personally think they are extremely similar. Let me give you some descriptions.What is a hard money lender? Does it sound scary? Check out that word in the beginning of the term, “hard”. Hard has such...
A Recent Story About a Bank’s Automated Value Gone Wrong
Monday, May 22
If you have a home equity line of credit (HELOC) on your house, your bank will be periodically running an Automated Value Model (AVM) on your home’s value (think Zillow’s Zestimate) to determine if their loan to value (LTV) ratio is increasing. If the estimated value of your home decreases too mu...