1. Use Social Media As an investor, in the past you would have to pay a lot of money for advertising to promote your properties if you were looking to fill your vacant spaces. Now, the best way is by posting a video or picture of your property on all your social media platforms, and […]
WHAT IS A NON-QM LOAN
Since the advent of the recent Dodd Frank guidelines, many hard money brokers and investors have resolved to only do non-owner business loans. We are still doing owner occupied first and second loans! If you have clients that do not fit into the guidelines that come with conventional lending, please give us a call. We […]
SEARCHING FOR GREAT AREAS TO INVEST REAL ESTATE DOLLARS!
Finding below market properties and profitable flips can be one of the hardest parts of real estate investing. Yet, it is a necessary step to find that next great real estate investment. Sometimes it can be difficult determining if the area you are interested in is worth pursuing. Thus, you may find the perfect property, […]
IRS Tax Rules for 2018
Many folks have been wondering how the new tax laws are going to affect real estate. Below is a list of the major provisions related directly to real estate. Please remember, this is an abbreviated list of the tax rule changes. I found this summary of the new or changed rules written by Mark O’Toole, […]
HARD MONEY UNDERWRITING
Underwriting hard money loans is a bit different than underwriting conventional loans, but there are many similarities. It is still underwriting. As with any loan file, underwriters review every piece of the entire file and determine answers to obvious questions regarding debt ratios or debt servicing, down payment, and exit strategy. The underwriter may offer […]
Hard money lenders go where conventional players fear to tread
By Kevin Wolfer, president and CEO, Kennedy Funding Financial LLC | bio Have you ever hit a brick wall with a traditional lender when working with a borrower that has a lingering lien, a property with environmental issues or even a pending bankruptcy? When conventional lenders back away from a deal, hard money lenders are prepared to step […]
WHEN TO USE A PRIVATE HARD MONEY LENDER
Despite calls to modify the Dodd-Frank business regulations, conventional lenders have continued with very stringent underwriting requirements that prohibit many good borrowers from being able to borrower the mortgage money they need. A private hard money mortgage loan is a great alternative to the conventional lending sources. Sometimes, borrowers do not meet the bank’s minimum […]
Using a Self-Directed IRA to Loan
There are many investments to place your IRA money into, not just stocks or mutual funds. When considering what to investing in for retirement, why not consider real estate or Trust Deeds? California real estate values have remained strong for many years. So, why not invest in either a property or loan on a property? […]
The Investment of Hard Money as an Option
In both the investment and real estate worlds we talk a lot about assets. Usually, it’s fairly easy to attach a dollar figure to assets and numbers that 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 – […]
Hard Money Borrowers Often Hear the Word “NO”!
No one likes to hear “no” when asking for something they want or need. It’s especially painful when “no” comes after applying for a mortgage loan to buy a personal home or investment property. However, with more than 19 years in the lending business as both a conventional and a hard money lender in California, I have […]