Weekly News Digest – December 25
Home sales rise, but is this a sign of good things to come? Florida sees condo gains but SFH lag Tax reform seen as necessary by economists NYC commercial real estate still struggling
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All I Want For Christmas Is My Free Con-doh, My Free Con-doh.
By: Jeff Shiller, Esq. Or, the alternate title: How To Own a $240,000.00 Prime South Beach Condo For $4 Per Year. Ever since the 1980’s, I’ve been trying to figure out ways to buy a cheap retirement home in Florida …
Read MoreWeekly News Digest – December 18
Negative equity is keeping our economy down Inman: Most influential real estate leaders of 2010 Potential homebuyers should start looking now Short sales will be plentiful in 2011. How many will you get your hands on?
Read MoreGame Planning for 2011, HMB Style
I had it on my calendar yesterday to do my annual Game Planning Session and although the snow around DC delayed my start time, I was still able to get it done. And by the way, I call it “Game …
Read MoreSmall landlords…meet the 1099!
So this week we begin to get into some meaty tax changes. We’ve just wrapped our conversation about how to get caught up on your bookkeeping for 2010. By the end of this post you’re going to realize that the …
Read MoreWeekly News Digest – December 11
When sellers need cash quickly, homes become cheap pickups for investors Could mortgage tax breaks be a thing of the past? Loan-mod counselors share their findings with Congress Not foreclosing on commercial properties may be hindering recovery Unequal lending practices …
Read More2011 is going to be a BIG one (spoiler alert)
First of all we would like to thank you for being a part of the team here at HMB Cribs and Hard Money Bankers. We have had another great year and we have you, our clients and readers, to thank. We …
Read MoreDon’t even bother with New Year’s resolutions in 2011 (final)…
This week we are going to wrap-up our project well before we get into wrapping presents for Christmas. With this final step you will have your basic bookkeeping 95% complete for the year. Won’t it be great to forward information …
Read MoreWhat Do Whaling, The SAFE Act And Dodd-Frank Have In Common?
By: Jeff Shiller, Esq. When the catch is sighted, it must be reached with utmost speed. An experienced harpooner masterfully pulls alongside and plunges a harpoon into its back. After retreat, descent and, finally, exhaustion, the catch is plied with …
Read MoreWeekly News Digest – December 4
In a time of declining prices, the nation’s capital is still seeing increases. Is B of A next on Wikileaks’ list? Is now the time to buy commercial real estate? Are potential homebuyers being scared away by low prices? In …
Read MoreHow to Close a Loan in 3 Days, by HMB
Ok, let me preface this by saying that we don’t like to do this all the time and we can’t possibly do this with every loan but… We can easily close a loan in 3 days on the right deal …
Read MoreDon’t even bother with New Year’s resolutions in 2011 (cont.)…
First, I hope you and yours had a Happy Thanksgiving! OK, so picking-up from last week’s post you now have gathered several wonderful piles of data. Did you keep remembering additional items throughout the week? Isn’t it nice to be …
Read MoreWeekly News Digest – November 27
Foreclosed properties for investment may be drying up After the housing crisis, will less be more? Why would homeowners prefer to rent, rather than buy?
Read MoreColumbia, MD Hard Money Loan
Hard Money Bankers funded this hard money cash-out refinance to take cash out to fund the purchase of some additional single family homes. The loan was in Columbia, Maryland
Read MoreA Thanksgiving Tale – Did The Indians Comply With The SAFE Act?
By: Jeff Shiller, Esq. It is November, 1621. The Pilgrims have survived a treacherous settlement of Plymouth despite many of them being wiped out by exposure, scurvy and contagion. In celebration of their first successful corn harvest, Governor Bradford and …
Read MoreDon’t even bother with New Year’s resolutions in 2011…
No, I’m not being a pessimist about the direction of the country, the state of the economy or even how the real estate market is “on its back.” These are all viewpoints that remain highly subjective depending upon which end …
Read More“Danger Will Robinson, The SAFE Act Does Not Compute!”
I admit it. I’m a sci-fi nerd dating back to – uhhh – never mind the year. And although I loved Star Trek, nothing could ever beat a campy episode of Lost In Space. I remember thinking I was going …
Read MoreWeekly News Digest – November 20
Will banks be able to handle the foreclosure investigations? Documentation process to be scrutinized by Justice Department “Parent investors” heading back to college Lenders and borrowers being told to talk it through before foreclosure Homeowners will be responsible for their …
Read MoreWhy Hide?
Ok, I am going to vent again on this one… Have you come across those websites where the company gives little to no info about who they are and what they actually do? And I don’t mean a “directory” site …
Read MoreWeekly News Digest – November 13
Banks have been left with excess inventory and there are some great deals to be found across the country for real estate investors. Take a look at these potential deals.
Read MoreIf You’re Not Moving Forward Towards Your Goals, You Are…
“If you’re not moving forward towards your goals, you are moving backwards. There is no standing still.” –Lloyd Irvin World Class Martial Artist, Coach, Marketer and Businessman Great quote, isn’t it? Master Lloyd was talking about martial arts training when …
Read MoreIs It S.A.F.E. To Seller-Finance Property?
By: Jeff Shiller, Esq. What are the advantages and disadvantages of seller-financing a property? If you’re thinking of doing this, make sure you consider several “categories” of issues: 1) tax implications; 2) legal implications; and 3) practical implications. Let’s review …
Read MoreWeekly News Digest – November 6
The foreclosure wave has left many vacant homes on the market. These properties are perfect for the seasoned investor but also great for those looking to get into the game. How many properties will you get your hands on before …
Read MoreDo Hard Money Lenders Look at Credit? (we end the debate here)
Good topic, huh? This is a question we are asked about 50 times per day and it is a topic constantly being debated in the real estate investing community. I will answer this question with a question- does the hard …
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