Arson, tenant lawsuit, questionable legal docs, non-paying borrower, forced place insurance, and more. All wrapped up into one hard money loan I made that lasted 16 years. Think I learned a few lessons?
Whether we say it ourselves or hear it amongst the crowds of real estate investors, the common thread is the same. Most often we hear that there is no money available to make solid real estate investments for either ‘rehab to sell retail’ (short-term) or ‘rentals’ (long-term). Yes -the real estate market is more precarious… Read more »
One of my mantra’s is “going slow” when testing your niche with real estate investing. It is easy to acquire rentals, build up an inventory of wholesale , and/or rehab to retail properties. Often one doesn’t find flaws until the ball starts rolling. It can become a death sentence to your real estate business and/or… Read more »
Our summer is slowly coming to an end and it’s becoming readily apparent that we are facing a very strong dichotomy in the currents of real estate investing. There is a lot of fear, pessimism, and frustration. While on the flip side, I’m seeing another group that is out there in full force with… Read more »
There is a common story for real estate investors whom bought and/or did a cash-out refinance with real estate over the past 2-6 years. You know the line -right? “I barely have any equity or I’m underwater”. At a minimum there is concern , perhaps even thoughts of walking away, and the inevitable fear of… Read more »
For those considering providing a private money loan, one needs to put some basic protections in the paperwork they create when funding a loan. You see a loan as an asset is different than a direct investment in a piece of real estate. Rather than a set of keys and the right to occupy and/or… Read more »
Financing is key to purchasing investment real estate. Whether your paying cash or borrowing the funds, it’s the ability to have liquid funds for a quick real estate closing that helps ensure solid wholesale purchasing power. The Greatest Challenge in today’s dysfunctional real estate markets is permanent financing. I would challenge you that if your… Read more »
A few years back I had called on a fellow landlord who was known for selling off properties and providing owner financing too. Now I knew he had problem tenants in a property but also knew the area was appreciating rather rapidly and it was in my main target neighborhood. I wasn’t sure how long… Read more »
I’ve made another investment for the future this past month. Bought a duplex in a solid area that’s in good shape, has long term tenants, and partial owner financing. If your searching for long term rentals, the time is certainly now. With the depressed real estate market, one can get great pricing and/or financing. There are… Read more »
What’s with all this thinking that real estate is dead!!! Sure the easy days are not around for the moment -for most. We all must remember that real estate valuations cycle. For the near term it will be a challenge to fund wholesale, rehab, and landlord real estate investments until financing opens up. Does this… Read more »
