Sep
6
Foreclosures, Owner Financing, Short Sales, and Other Fun Stuff
September 6, 2007 | 4 Comments
Not a lot of good news in the data coming out so far this month, as far as anyone clinging to the hope that the worst is behind us in the struggling US housing market. The numbers for total pending listings in July released yesterday were pretty terrible, dropping to levels not seen since 9/11/2001, […]
Mar
26
Carleton Sheets and the No Money Down Crowd
March 26, 2007 | 1 Comment
I have to admit that the whole Carleton Sheets phenomenon baffles me, despite the fact that I “get it”, from both sides of the equation. If you don’t have much in the way of savings and would prefer to be rich, then the lure of a message such as “Make $182,102,182 a month with no […]
Mar
20
Hard Money Lenders
March 20, 2007 | Leave a Comment
(Caveat emptor: I don’t have any actual hands-on experience dealing with hard money lenders, so what follows is based solely on lots of research, poking around forums, talking to other investors, etc.)
The term “hard money lender” is basically just a fancypants investor way of talking about a private lender. This is basically anyone that has […]
Mar
1
Didn’t Dante Have a Special Circle for Underwriters?
March 1, 2007 | Leave a Comment
Closing is still on track for next Friday for the 1002 S. Main property, but things are still firmly stuck in incompetent underwriter hell. I’m sure, somewhere out there, competent and efficient underwriters exist, but man, I have yet to personally encounter one. Some highlights from the latest go-around:
1) They claim they can’t find a […]
Feb
22
Financing House Flipping
February 22, 2007 | 17 Comments
Probably the largest obstacle to successfully flipping a house isn’t so much locating and renovating the property, but more simply coming up with the necessary money to make it all happen.
We’d all love to have the option of simply paying cash for an investment property but the vast majority of us don’t have that much […]