Archive for October, 2011
News Digest – October 29
New program for underwater homeowners Read Story at WashingtonPost.com Buy a house, get a green card? Read Story at CNN.com Gender and price gap between real estate agents? Read Story at Inman.com
How to Close a Deal in 48 hrs, by HMB (free video)
Take a look at this video of Jason discussing a loan we closed earlier this month….in a total of 48 hours. It was an investment property acquisition in Anne Arundel County, MD and the borrower had to meet his contract deadline. We collected all the info, ran out there the next day, and funded a [...]
Real Estate Law: How To Avoid a Mechanic’s Lien
At Hard Money Bankers, we always have to be on the lookout for contractors or subcontractors that may try to file a lien against one of our projects, as it can impact the investor’s ability to repay our hard money loan. Mechanic’s liens are liens permitted under State law to contractors or subcontractors [...]
Real Estate Investing: Why Your Business Is $h!t and Fu#k@d Up and Bull$h!t
I bet the “Occupy Wall Street” protestors are having fun. The weather’s beautiful in NYC this time of year. There’s a Starbucks on every block. And did I mention the shopping? I’ve been seeing a lot of news coverage about this and wanted to figure out for myself what this movement is all about, so [...]
News Digest – October 20
Zillow: Neighborhoods with the most real estate searches Check out the hottest neighborhoods in the country Even celebrities are flipping properties Find out which celebrity is making moves High point of REO sales still a ways off Read Story at HousingWire.com
News Digest – October 15
Foreclosures still a heavy burden on housing market Read More at CNN.com Mortgage rates retreat from record lows on jobs numbers Read More at HousingWire.com Buyers market allows real estate investing newbies get involved Read More at LoanSafe.org Mortgage activity up despite rising rates Read More at SeekingAlpha.com
Real Estate Marketing: 7 Steps to Getting The Ultimate Testimonial
If I told you I was the best attorney in the Country, would you believe me? No? What if I got Donald Trump to tell you I was the best? Still not convinced? What if I showed you pictures of me shaking hands with the President, and then I showed you 10 videos made by [...]
Fear and Real Estate Investing – Part II
Last week, I wrote about how real estate investors have had to deal with a difficult past few years as well as an uncertain future. And how that uncertainty has forced each of us to make a choice – quit or power through. I also wrote about Helen Keller and how she rose above insurmountable [...]
News Digest – October 8
Obama calls subprime lenders Immoral, inappropriate, and reckless Read More at HousingWire.com Despite record low rates, shadow inventory still weighs on economy Read More at CNN.com Refis could help underwater borrowers but risk must be assumed Read More at HousingWire.com
HMB Friday Happy Hour: Zig Heil!
What the hell are they teaching at this school?! It’s possible. I drank a lot and blacked out… Have a great weekend from the Gang at HMB!
Seller Financing – a Solution to the Jimmy(ie) Problem
Problem #1: One of my clients, Jimmy, came to see me the other morning. He owns a property free-and-clear worth $225,000.00. He bought it 10 years ago for $100,000.00. He has an interested buyer. They have preliminarily agreed to a discounted price of $175,000.00, but the buyer needs 100% seller-financing. The problem? They’re fighting [...]
Flipping Real Estate — Why Les Christie Needs To Shut His Face…
By Jeff Shiller, Esq. A quote from Les Christie, a CNN Money reporter, the other day: “Buy a home on the cheap and flip it for big profits? That dream is all but dead.” All but dead? Allllllrighty, then. Sorry guys, we’re shuttering the windows, locking the doors and heading out to save [...]
Will Fear Rule Your Real Estate Future?
Here’s something fun to try: Put on a blindfold. One that completely blocks out every bit of light – like the darkest of nights. Next, put on earmuffs, earplugs, cotton, or whatever else you can find to block out every bit of sound. All you should be able to hear is the buzzing in your [...]
News Digest – October 1
6 Home repairs that you won’t make back when you sell Read More at BankRate.com Fed Chief: Washington needs to fix housing crisis Read More at HousingWire.com Economists: Rates must remain low to see positive change in economy Read More at Politico.com
