60 seconds = one minute or ??????
Monday, January 22
Today I had a young man (26) contact me wanting to borrow some money. I asked what he had for collateral? He said that he had 19 second mortgages that were all performing and the total unpaid balance was around $627,000 and had over $6,000/month in payments coming in monthly. Most people woul...
Fear of Reverse Mortgages
Tuesday, January 16
Most people are afraid of Reverse Mortgages because they don't understand them. Most think that the government now owns their home. Designed to help those on fixed income, the reverse mortgage makes it like you just got a raise on your social security or pension. Homeowners want to leave their k...
Million Dollars $1,000,000
Thursday, August 03
Everyone seems to think in the magic number of $1,000,000. If I only had a million dollars, I would be RICH!!! Maybe, maybe not.Let's take a hypothetical approach to this idea.Say that the government takes an action today that makes it happen that in the morning everyone in America wakes up and...
10 for 12!!!! High yield
Tuesday, June 06
I recently had a young man come to me and ask for my opinion about a small house that he was interested in leasing in a nearby city. He told me that the owner was asking $1,200/month rent and an additional $1,200 for a damage deposit.After we determined that it was a fair price for the rent on t...
“YOU CAN LOSE ALL OF YOUR MONEY…….”
Wednesday, April 26
It was early 80’s and I had built my net worth up to $1,000,000 and I was confident that if properly leveraged, I could own the world. I was a real estate broker and sold several million dollars of real estate year over year. Commission income was way up there.I decided to invest more into mult...
Pitbull Conference Scottsdale AZ
Thursday, March 16
I recently attended this conference. It was a great insight to Hard Money Lending. We have made hard money loans in the past in order to keep returns coming in on idle capital, but these guys do it as a full time business. Huge returns with about five (5) income streams generated on every loan...