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

Analysis

House flipping wisdom worth noting

Wednesday, August 16th, 2017

Clay Sparkman
I try to keep an eye out for good information on the status of property flipping. Here are a few things that I have come across recently.
With regard to the best cities for home flipping (as of May):
The 25 Best Cities for Flipping a House
Taylor Tepper at Money
May 25, 2017
http://time.com/money/4784913/house-flipping-best-25-cities/
Another article of a [...]

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Five potentially useful indicators of the likely movement of value

Wednesday, August 9th, 2017

Clay Sparkman
Any good real estate investor should be attempting  to assess whether property values are rising, falling,  or holding in the area of his/her latest potential investment. After all, the core question when buying investment property (particularly short-term) is, “what is value likely to do in the next year or [...]

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Traversing the Private-Money Path

Wednesday, August 17th, 2016

Clay Sparkman
A good article in The Scotsman Money Guide, providing a a road-map through the private-lending landscape, for brokers and borrowers:

Here
By the way, if you do not already use The Scotsman Money Guide (either the online or paper version), I highly recommend it as an excellent guide to various lender resources. They do a nice [...]

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Visualizing the industry

Thursday, May 19th, 2016

Clay Sparkman
With regard to forward thinking (that is, how is the industry changing?): I thought you might appreciate this article, Private Lending Sector Making Big Noise for Real Estate Investors, by Ben Stoodley:
Here
Certainly he is correct with regard to his interpretation of current trends, and one must wonder how far this might all go.
Comments are [...]

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Three potentially useful indicators of the likely movement of value

Wednesday, May 11th, 2016

Clay Sparkman
Any good real estate investor should be attempting  to assess whether property values are rising, falling,  or holding in the area of his/her latest potential investment. After all, the core question when buying investment property (particularly short-term) is, “what is value likely to do in the next year or so?” If you [...]

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Home flipping

Thursday, May 5th, 2016

Clay Sparkman
As you know, our sweet spot is for loans to real estate investors. In particular, we do a lot of fix and flip, fix and hold, REO, short sale , and new construction.
I feel that this recent Washington Post article, by Justin Pierce, “The four things you need to know to flip a home.” [...]

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Rental property financing in 2015 and beyond

Monday, November 16th, 2015

Clay Sparkman
In this year of 2015, it seems that finding funds for rental property purchase and holding can be a bit challenging–perhaps more so than in past years.
This recent article by Corey Dutton discusses the issue, and suggests that hard money may be a good route to go in certain cases.
I happen to agree with [...]

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Prognostication regardiing the real estate marketplace

Thursday, October 22nd, 2015

Clay Sparkman
Okay, it has been a good nine months since I last posted. Let’s just say it’s a long story. At any rate, I’m back–so expect regular postings going forward.
It looks like HML Investments predicts that this is a good time to consider hard money.
HML Investments Releases Latest Prognostication Regarding the Real Estate [...]

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3 recent posts on hard money loans that are worth reading

Tuesday, October 21st, 2014

Clay Sparkman
Here are three three recent posts that pertain to hard money loans that will almost surely enhance your knowledge of the current state of the market.
Financing With ‘Hard Money’
Here
The Hard Money Loan Funding Process: A Guide for Rehabbers
Here
Hard Money Lenders Fear Overreach
Here
Let me know if you have any comments or questions, or if you [...]

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Minding the gap

Wednesday, August 27th, 2014

Clay Sparkman
This article was originally posted at this site in May of 2013 at this site. Since then, we have seen the number of construction and fix/flip loans that we do increase significantly. This seems to be a sweet spot for the private money market. That is, we are able to fill what would otherwise [...]

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2014: Bring on the quick flip

Thursday, January 2nd, 2014

This article was originally posted on this site, on 1/23/13, as “2013: The year of the quick flip.” Did 2013 turn out to be the year of the quick flip? We certainly did our share of quick flip loans. However, I think that we failed to anticipate one thing: bulk buyers. Several very large bulk [...]

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More REO opportunites for the little guy

Thursday, September 5th, 2013

Clay Sparkman
As I have indicated recently, it seems that REO purchase opportunities have been tough for the little guys out there due to dominance of several ginormous buyers who are gobbling up everything they can get from the banks, I think there may be hope that this trend is beginning to shift.
The following article (”Investor [...]

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Private money – another perspective

Thursday, August 22nd, 2013

Clay Sparkman
I thought this was a nice piece on private money and finding sources, by Brian Kline.
How to find Money Partners for Real Estate Investing
As the real estate markets are improving, the opportunities revealing themselves, and the bank rates coming up–it seems like private money is becoming, once again, more relevant ever day that passes.
Let [...]

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What the media is saying about private money markets

Thursday, March 14th, 2013

S. Clay Sparkman
I spend plenty of time cruising the web for interesting articles that are relevant to the current state of hard money lending, brokering, and borrowing. I don’t always agree with everything I find, but it is useful to evaluate varying points of view, and I certainly wouldn’t pass along any article that I [...]

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Investing in real estate in 2013: Three articles you should read

Thursday, January 31st, 2013

Clay Sparkman
On occasion, I try to publish links to articles that are relevant, useful, and interesting. Here are three articles which give useful perspective on the matter of investing in real estate in 2012—each from a different perspective.
A money.cnn article on how to find real estate opportunities in 2013:
http://money.cnn.com/2012/12/01/real_estate/housing-outlook-2013.moneymag/index.html
Dailyresearchhunter.com on global real estate investing:
http://dailyresourcehunter.com/universal-language-moneymaking-real-estate/
An investopedia.com [...]

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2013: Think construction loans

Friday, January 25th, 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 noting that “national home prices have been on the uptick for eight straight months,” and then goes [...]

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Private Money – The Rules of Physics May Not Apply

Wednesday, December 12th, 2012

This article was published in The Scotsman Guide as “2 Private-Money Myths: Debunked” back around the time when the sub-prime market was just beginning to collapse.  I thought it might be of interest to some of you on this blog, and so I’m posting a slightly different version here.

Clay Sparkman

I would like to make [...]

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Good news for real estate markets: could this be the actual turn around we’ve been waiting for?

Monday, November 12th, 2012

Clay Sparkman
During the past five years we’ve–most of us who make our money in the real estate market (in one way or another)–had a pretty rough time. Certainly, few of us ever anticipated that we were in for a slump of five+ years. And, of course, there have been the false-starts along the way (several)—real [...]

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Hard Money – Not As Expensive As You Think

Wednesday, August 22nd, 2012

Clay Sparkman
We’ve had a lot of developers call us over the years to talk about construction loans for single-family homes (or fix and flip type properties). They’ve traditionally gone through banks and have enjoyed rates as low as 7% for their projects. However, these days, some of those banking relationships aren’t there anymore, so they’re [...]

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Make your borrower’s projects and submissions More robust

Monday, March 26th, 2012

Clay Sparkman

In the current climate, it’s getting harder than ever to impress potential lenders with your client’s loan scenarios. It may be that times have changed permanently and that it will be years before lenders return to their pre-2007 comfort level. Until then I thought I would make some suggestions to help you to re-think [...]

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