Scammer or Victim? What do you think?
Monday, August 15
I received 3 emails and a voice mail from a woman on the West Coast - I can't decide if she needed help or was trying to scam me for money - The emails came from my website and two other networking sites, and she left me a voice mail on my 800 number. I should tell you she was emailing at 1:30...
I just got an A++ from an investor
Monday, June 06
I just received the greatest testimonial from an investor that I work with in my private lending business in Massachusetts and New Hampshire. When's the last time someone said you were outstanding? Or that they would recommend you without reservation? I have to brag a little, because it made my d...
Financing a rehab project with no skin in the game
Friday, May 13
For investors in Eastern Massachusetts, there is a new program for rehab financing that allows you, in the right circumstances, to finance 100% of purchase and 100% of the rehab budget.The total loan is subject to 70% of ARV, and this is an equity sharing deal, so the costs are higher than most h...
Falling through the ceiling - just how dumb am I?
Tuesday, March 29
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 in most of the attic, except some boards that had been put down in a few places...
Why do agents leave the low priced houses out of the CMA?
Saturday, March 26
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...
You want to close with a title defect? Are you kidding me?
Thursday, March 24
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 es...