Setting the Standard

Setting the Standard

A Brief Overview of the CFP Board’s New Code of Ethics and Standards of Conduct Effective October 1, 2019, CFP (Certified Financial Planner) Board’s new Code of Ethics and Standards of Conduct (“Code and Standards”) was issued. The Code and Standards sets forth the ethical standards for CFP professionals, and replaces CFP Board’s current Code of Ethics, Rules of Conduct, Financial Planning Practice Standards and Terminology. The enforcement date for the new Code and Standards is June 30, 2020. The new Code and Standards includes a range of important changes,...
All Hard Money Lenders Care About Is Equity

All Hard Money Lenders Care About Is Equity

There is a huge misunderstanding by clients when they call thinking they can get a hard money loan just because they have equity. Sure, hard money lenders are mainly equity based lenders and lend base on the collateral’s equity position. The more equity the collateral has, the more the lender is protected, but that doesn’t mean money is lent solely based on equity. There are other factors considered before money is lent: ONE Does the client have the ability to repay the loan? There are many ways we verify this and it doesn’t necessarily follow the conventional...
Cannabis Lending: Marijuana Loans for the Hard Money Broker

Cannabis Lending: Marijuana Loans for the Hard Money Broker

Do you remember when your parents said your love of marijuana would get you a first-class ticket on the road to nowhere? It turns out they were wrong. These days, that skunky pot odor translates into the sweet smell of success thanks to the booming cannabis industry. You just need to get a marijuana loan to open a business, then you can start raking in the profits. Considering that marijuana is a $2.75 billion industry in California, those profits can be huge. There is one problem though, and it could cause your entire plan to go up in smoke. You don’t have the...
Investing… As Old As Money Itself

Investing… As Old As Money Itself

US investors have many options today when they are deciding where to put their money. If you turn on the television you’ll see advertisements for all kinds of online brokerage services, banks and even companies that sell gold and silver. And because of all the advertising, people are somewhat familiar with those investments. But fewer people are familiar with trust deed investing, although it’s a form of investing that is probably as old as money itself. Simply put, trust deed investing is investing in loans that are secured by real estate. At Evoque Lending, we...
Putting The Home Loan Pieces Together

Putting The Home Loan Pieces Together

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...

The Value of Hard Money

In both the investing and real estate worlds we talk a lot about assets. Usually it’s pretty easy to attach a dollar figure to those assets and those numbers in turn fit neatly into the cells of an Excel spreadsheet. The most important asset we have in our lives, however, isn’t so easily plugged into cut and dry math calculations. I’m talking about our time. I don’t think I’m wrong to say that time, in fact, is our most precious asset. The assets that use dollar figures to measure can go up and down through the years. In a similar way, the quantity of those...