Anyone who has been around the real estate profession for any amount of time – even people buying their first homes – know that it can be one of those “hurry up and wait” type of experiences. Once a property is on the buyer’s radar and a purchase decision is made, then it’s time to get all the offer papers filled out and submitted to the seller. It’s easy to understand in today’s climate why this is so. Real estate agents know that a good piece of property can command multiple offers and often the first good offer to be submitted is the one that wins the day…or...
To understand how hard money loans help Los Angeles, Orange County and California real estate buyers and investors, it’s a good idea to start out with some common situations that families and individuals in the Golden State find themselves in. So let’s describe a few scenarios. The self-employed Scenario #1: A small business owner has put together money for a down payment and has decided it’s time to stop throwing money away on rent and start building equity and a financial future for his family. He has found a property in Los Angeles that looks perfect. He...
Question: Would you eat in a restaurant if the owner wouldn’t eat there? You probably wouldn’t, and neither would I. It seems obvious that when restaurant owners don’t have the courage to eat in their own establishments, there must be something wrong. Further, I don’t think what I’m laying out here is rocket science – I would say that it’s just common sense. Why, then, I ask you, do so many investors allow themselves to be guided by financial advisors who don’t take their own investment advice? I was listening to a financial story on the radio the other day and...
