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The Successful Investor Defined

The Successful Investor Defined

There are certain attributes I have found in successful hard money investors. Following are some of the key characteristics that are common to many of them. The very first thing that is noticeable about successful investors is that they are decisive. They make...

Owner Occupied Hard Money – Part 2 of 2

Owner Occupied Hard Money – Part 2 of 2

This is part 2 of 2 in a short series to clear up some of the questions and misunderstandings regarding owner occupied hard money loans. In this post, I will cover bridge loans and temporary loans. Bridge loans are fairly well known, at least in terms of the name, if...

Analyzing Credit for Investors

Analyzing Credit for Investors

For anyone who does private notes, it is important to know how to analyze a credit report and be able to use that information in deciding whether to lend money to the borrower. The biggest mistake made by investors is to rely too heavily on the credit score. This can...

Owner Occupied Hard Money – Part 1 of 2

Owner Occupied Hard Money – Part 1 of 2

Owner occupied hard money is one of the most misunderstood subjects in the mortgage industry. Most people, including mortgage brokers, hard money lenders and even attorneys, don't understand how it works. Many of them will tell you it can't be done. Others think that...

Who Profits If You Have A Low Credit Score?

It's no secret that the credit scoring models used to generate your credit scores were created for a purpose. The original purpose was to determine the likelihood of having a 90-day late payment within the next two years. Clearly, credit scores are inadequate to...

Your Credit Score Could Be Ruined by COVID-19

Your Credit Score Could Be Ruined by COVID-19

For the past couple of months, a day hasn't gone by that didn't contain COVID-19 in our everyday conversations. While this is distracting at the very least, there are other effects besides people getting sick and the economy being mostly shut down. And for the record,...

Hard Money Isn’t For Everyone

Hard Money Isn’t For Everyone

I know that marketing is supposed to attract interest and generate customers who will pay for services being offered. I also know that most marketing people seem to push the message that their product is for everyone. The fact is that most products and services are...

What Should Hard Money Investors Do Now?

Before the housing crisis in 2008, there were many types of mortgages available to the consumer. There was “A” Paper for those with perfect credit, provable income and a property in good condition. There was Alt-A (alternative to A paper) was for borrowers who almost...

Can You Get Both The EIDL And The PPP?

The short answer is yes but if you get both of them, there are some guidelines you should know about. EIDL is short for Emergency Injury Disaster Loan and PPP is short for the Paycheck Protection Program. The EIDL is intended to supply working capital, including...

Latest Update on the PPP

The Paycheck Protection Program, in case you haven't heard, is a federal relief program for small business owners, their employees and independent contractors. (For more information on it, go to this page on this site SBA Paycheck Protection Program Details Even...

SBA EIDL Loans

There has been a lot of talk about the new SBA loans but I think it is important to make sure you have the truth about these programs. There has been $349 Billion approved for these loans. It is not known how long these funds will last or if any additional funds are...

Credit Scoring Explained – Part 4 of 5

Whether it makes sense to most people or not, 10% of your credit score comes from your mix of credit. Mix of credit is exactly what it sounds like. Apparently, the credit bureaus don’t want you to neglect certain types of credit. And if you think it sounds stupid that...

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