Playing Business - Hard Money Bankers
Thursday, May 12
This is a term reserved for the want-repreneurs. Playing business is the same as playing house when you are younger. Many business owners are just going through the motions of running a business because they like the look and feel of it. They don't actually know how to make money and would rat...
Shoe Button Syndrome - Hard Money Bankers
Wednesday, May 11
"Shoe Button Syndrome" was a term in Warren Buffett's book that describes a person who has found success in one area, which then makes them feel entitled to false expertise in other areas. Some people fall victim to this by tricking themselves into believing that because they were so good in on...
Self Directed IRA For Real Estate - Hard Money Bankers
Tuesday, May 10
Many people call and ask us if they can use their self directed IRA for real estate transactions. The short answer is , Yes! People are sick of getting minimal returns on their hard earned money and they want more. If they have a little understanding and creativity they can have their IRA and ...
Know The Numbers In Your Real Estate Deals - Hard Money Bankers
Monday, May 09
It is very important to know all of the numbers in your real estate deals. It pays to account for everything in transaction before you submit an offer. You want to know the best case and worst case scenario before you get into a project so there are no surprises. The best thing to do when ana...
Problem With Title
Friday, May 06
Having a problem with title when trying to close a deal is the worst feeling in the world. If you do enough deals, you will run into title issues. The key factor is having the right title company to resolve it. People think that title companies are all built the same and this can't be further fro...
Know The Deal Before Agreeing - Hard Money Bankers
Thursday, May 05
There is a good story in Warren Buffets recent biography. When he was a child he agreed to shovel his neighbors driveway. He spent hours upon hours working on it. He was ready for a big pay day. When he went to the door to receive payment his neighbor gave him $5.00. He was shocked but learn...