There’s Safety in Hard Money

We live in an age where we take a lot of things for granted. When we plug in an appliance, we know that we’ll get electricity to power it up. When we climb into our cars and turn the key, we know the engine will fire. When we go to the ATM and slip our card into the slot, we know we’ll be able to make a cash withdrawal – unless you’re in Greece. Recent economic strains have shown us that the financial system we all depend on may not be as solid as we have always accepted. When Cyprus ran into financial trouble, bank depositors received a “hair cut” – they woke...

The Advantages of Hard Money Loans

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...

Hard Money – Here’s What We Look For

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...

Hard Money Equals SPEED

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...

Investment Strategy? You Decide.

With so much uncertainty in the securities markets recently, smart investors are finding better alternatives for their portfolios and real estate is one of the most appealing strategies. There are ways to directly and indirectly include real estate investments in your portfolio, some of which you may already be familiar with and others that might be somewhat less common. While all of these can give you a good return on your money, some require more “care and feeding” on your part. Here’s a quick overview. Residential rental property Investing in single-family...