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?
Real Estate Investors: The Foundation is Set -are You? We are forming a bottom in the housing market in most areas of the United States and certainly in Charlotte, North Carolina. Whether you listen to someone that says the markets great or the sky is falling, it’s important to observe whom it is you’re… Read more »
I’ve gotten a few emails/calls of late asking me, “Are you leaving Real Estate Investing?” and my immediate response is “No, why?.” “Well, you have mentioned that you just bought an internet retail business and leaving the property management business.” This is true; however, I’m also a big advocate of diversification. You see I am… 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 »
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 »
Originally posted by Tyler McCracken on 1/1/2009 on www.askthelandlord.com I’ll thank T.., in her New Year’s Eve post for mentioning the need to find additional funds for a new purchase in the New Year…. a need for creative funding to make it happen… its somewhat ironic that it was mentioned and i was asked to… Read more »