Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

REO properties

Fix and flip big

Wednesday, August 21st, 2013

Clay Sparkman
This is interesting. I had wondered why we have not seen as many REO type fix and flip property loans as I had expected. I was informed by an individual quite recently that they had read an article about two very large entities that were going to the banks and buying all of the [...]

Read the rest of this post »

Private money investors: Mind the gap

Wednesday, May 8th, 2013

Clay Sparkman
It is our opinion and the opinion of many others that banks, though they’ve bounced back in certain areas, have not picked up the slack when it comes to funding rehab, construction, and development loans.
I have been on about this before, so I won’t go into great detail here. I think that the following [...]

Read the rest of this post »

Finding qualified commercial private money borrowers

Monday, April 22nd, 2013

Clay Sparkman
This item was originally posted on this site on 4/30/10. I had a sense that it might be relevant once again, and so I have rewritten it slightly and am posting here again. I hope you find it useful.
Most private money investors choose to work with brokers.  However it is a decision that each [...]

Read the rest of this post »

Rehab and construction loan FAQ

Friday, February 15th, 2013

Clay Sparkman
One of the most promising areas at the moment for real estate investors and brokers, by all indications, is REO, short sale, rehab, and quick flip properties.  The opportunity to buy distressed properties at a low price point is evident in many markets.  And yet it is difficult for most [...]

Read the rest of this post »

Draw process for rehab and construction loans

Wednesday, February 6th, 2013

Clay Sparkman
We plan to do as many rehab and construction loans as we can this year. We see great potential in that area. Builders are under-building (by a substantial number of units, and going back 3+ years), and this is mostly because banks haven’t recovered to the point where they are comfortable [...]

Read the rest of this post »

What to look for in 2013

Thursday, January 24th, 2013

Clay Sparkman
I rather enjoyed the following article in the www.thefiscaltimes.com (quite an impressive publication at first blush), and thought it would be a good one to share.
“Ten Real Estate Trends to Watch in 2013″
http://www.thefiscaltimes.com/Articles/2012/12/06/10-Real-Estate-Trends-to-Watch-in-2013.aspx#page1
The article begins by noteing that “national home prices have been on the uptick for eight straight months,” and then goes on [...]

Read the rest of this post »

Better times are coming in real estate markets and here’s why

Saturday, October 29th, 2011

This Guest post by Jeff Lindikoff

I hope you are enjoying the beautiful fall weather. It is certainly my favorite time of the year and good things are on the horizon for Real Estate Investors.
We have been saying for most of this year that with an election year coming up, the government will [...]

Read the rest of this post »

A story of adaptation: or how to survive and succeed in a challenging real estate market

Thursday, November 11th, 2010

The following is a guest post by Matthew Whitaker, Managing Member of Magnolia Partners, LLC and Golden Key, LLC.  I originally posted this article on my Broker Blog, but it occurred to me that it would be appropriate to post it here as well.   What I think a trust deed investor should take away from [...]

Read the rest of this post »

Private loan packaging guidelines

Sunday, October 31st, 2010

Clay Sparkman
One of my long term objectives with this blog is to eventually walk with you through all of the private money loan processes and procedures, from the moment of conception until death (death of course not being a bad thing in my chosen metaphor, but simply meaning loan payoff, workout, or foreclosure).
This post deals [...]

Read the rest of this post »

What does this mean to us?

Sunday, October 3rd, 2010

Clay Sparkman
Okay, I don’t know about you, but whenever I read news about some new development in the real estate market, my first instinct is to say, “What does this mean to me?”  Hey I’m not proud of it, but that’s just how I’m wired.
This past two weeks we read that:
(1)  GMAC and JPMorgan Chase [...]

Read the rest of this post »

The sweet spot

Thursday, September 16th, 2010

Clay Sparkman
We are always looking for the sweet spot these days in the real estate market.  And by sweet spot, I mean that realm of  investments that are on balance less risky and more likely to turn a profit in what is otherwise a jaded real estate market.
I have gone on a bit in my [...]

Read the rest of this post »

When life gives you lemons …

Sunday, July 18th, 2010

Clay Sparkman
I have always believed—and history seems to bear this out—that when the status quo becomes problematic, new opportunities present themselves.   Certainly the real estate economy of the past three years has proved problematic, and so as private money investors we are called upon to seek out those borrowers/investors who have encountered and successfully [...]

Read the rest of this post »

A brief unofficial analysis of the private money market for investors

Tuesday, July 13th, 2010

Clay Sparkman
The national economy is in a state of confusion and the local economy is in a state of confusion. So what does this mean for the market for investing in trust deed based loans?
Well of course nobody really knows–and this is just my take on it–but here goes:  First of all, let’s talk briefly [...]

Read the rest of this post »

Rehab and construction loan FAQ

Monday, March 8th, 2010

Clay Sparkman
One of the most promising areas at the moment for real estate investors, by all indications, is REO, rehab, and quick flip of properties.  The opportunity to buy distressed properties at a low price point is evident in many markets.  And yet it is difficult for most end-buyers (with a non-profit initiative) to take [...]

Read the rest of this post »