Hard Money Loan Real Estate Strategies

There aren’t too many endeavors in life where totally opposite strategies can be equally as sound. But consider these two approaches to real estate investing: – You can buy your home, live in it for decades, raise your family, and end up with a piece of real estate that has greatly appreciated in value over the years. And during those years when its value is increasing, you’re busy enjoying your life. When the time is right, if you want, you can cash in on that value. – In the second approach, you purchase a property that needs a little work. You...

Fighting The Law Of Averages

Averages are supposed to be rather dull and undramatic. After all, they’re just “average.” No one would put a bumper sticker on the family car that says, “My Son is an Average Student at George Washington Elementary School!” But I have one average that will make your head spin like Linda Blair’s in “The Exorcist”: The average rent for a two-bedroom apartment in Los Angeles is $2,550. Now, let’s set that average against another Los Angeles real estate average: The average home value in Los Angeles is $536,000. Losing at the rent game Here’s why I mention those...

Hard Money Loans Equal Owning Real Estate

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...

Hard Money Loans – The Bank Alternative

If you’ve been turned down by a bank or conventional lender for a loan to buy or refinance real estate, you’ve probably asked some questions like these: – “Why won’t the bank lend to me?” – “What can I do now that my loan application has been turned down?” – “How can I get a loan after the bank rejected me?” – “How can I improve my credit rating?” These are common questions that thousands of people have found themselves asking during the last several years, and it’s not just people who want to buy or refinance real estate. Small business...

Hard Money Loans And The Different Stages In Life

“If you have saved enough to afford a comfortable retirement, congratulations. You’re in a tiny minority.” That’s the way an article in the St. Louis Post-Dispatch on the current state of retirement preparedness starts. The article touches on a variety of common retirement investments – more on those in a moment – but it doesn’t include the strategy that many in our area are discovering: hard money loans on Los Angeles and other California properties. Most individuals think in terms of “savings” when they consider retirement planning. Further, we start to get...