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...
If you follow mortgage industry news you’ll discover that Wells Fargo probably has the single biggest chunk of the business right now. Often the company with the most business also leads in customer service. That’s why Amazon has been able to build up such a huge group of customers. It operates quickly and efficiently. But if you apply that logic to the conventional mortgage industry, you would be making a big mistake. If you go over to Credit Karma, for example, you’ll see that Wells Fargo Mortgage has about a 1.5 star rating (out of five stars). Of the 85...
If one of our big-time Hollywood script writers penned this story, it would get a name like, “The Case of the Missing Money.” The money in this mystery story isn’t the inheritance of some rich oil tycoon. What is missing is the economic growth our economy should have seen in the first quarter of this year. Experts were expecting almost 2 percent growth, but when the numbers came in, there was essentially no growth. It was such a surprise that the government, according to an Associated Press article, has decided to “review the mystery” of the slow-to-no first...
