BuyNowHardMoney

Have you ever had someone write or speak in such an obscure manner that you don't even know what they were trying to say? I lend private funds to real estate investors in MA and NH, and receive many inquires, both by phone and email, from both new and seasoned investors.  Private lending is much...

I frequently get calls from beginning real estate investors looking for funding for their deals.  These are not homeowner purchases, these are new investors looking for properties they can fix up, or rehab, and resell to an end buyer. They WANT very much to do a deal, but they often don't bring s...

I used to love watching A&E's Flip This House.  Richard Davis of Trademark Properties was the original subject of the show, and it was his idea to do a show on real estate investors rehabbing and flipping houses.  The quote above was his from one of the episodes, and was a little over the top, si...

A recent post by Thomas Sweeney on AR brought to mind my own near catastrophe. I bought an old 1850's post and beam in terrible shape, and was working with my electrician one day in the attic.  The house was constantly in some phase of construction and today was no different.  There was no floor ...

When a real estate investor buys a distressed property with the intention of rehabbing and reselling to an end buyer, those investors are frequently not agents, but they often work with agents to purchase the property.  They also get CMA's from those agents to evaluate the end value of the proper...

As a private lender, I work with real estate investors only, not with home buyers.  The nature of my business is such that there are tight timelines for closings, and frequently borrowers initiate the loan process with only a week or so to go before a mandated closing date.  As with many real est...

A new post by John Schemm reminded me that we create our own reality. I'm particularly guilty of negative thinking.  In my private lending business, it's part of what I do - look at the worst case scenarios and try to arrange circumstances such that we are protected from that worst case scenario....

For those of you who are interested, I am providing an update on Mojo Jojo, the cat who's owner was losing his home on Tuesday.  The owner could not take the cat with him, because he was moving in with his parents in a small elder care apartment that did not allow pets.  (Here is my previous post...

I was on a site visit yesterday in Massachusetts, viewing a property where we were lending to the buyer, a real estate investor who is rehabbing the property and will resell to a family once it is repaired. He is purchasing the property as an approved short sale with a first and second mortgage, ...

I think it's important to make a distinction between referrals and recommendations.  Because if we recommend someone who doesn't deliver, it reflects poorly on us.  It affects our credibility, and that's really important these days. So in the interest of reminding myself to be careful who I recom...