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

Posts Tagged ‘Nevada’

Using a private money option

Monday, November 26th, 2018

S. Clay Sparkman
Just about every broker should have a private money option to go to. Here are a few quick tips on how to get that going.
(1)   Find a Lending source that you like and trust. Also, make sure that they will work with you, guiding you through the process AND giving you quick feedback [...]

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Promotion: Quick flip loan special extended through end of 2018

Wednesday, November 7th, 2018

Clay Sparkman
Quick flips, rehabs, temporary acquisition loans, short sales, and bridge loans are among the many short-term loans that we most like to do.
Until now, we have made many such loans, and we have done so as follows: 5 points, 12-13% interest (on most loans), a one-year term, and with no prepayment penalties.
Lately we have [...]

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Some interesting real estate and hard money loan articles

Wednesday, May 2nd, 2018

Clay Sparkman
As I go about my way, trying to make sense of real estate markets in various parts of the US and in the US in general AND trying to determine what that means for the private money loan business, I come across articles that I feel are probably share-worthy. In that spirit, I have [...]

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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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Article: The search for a better loan

Wednesday, January 4th, 2017

Clay Sparkman
This article, The Search for a Better Loan, published in Scotsman Guide, should be useful to most Brokers trying to juggle the needs and interests of investment property borrowers.
Scotsman Guide is an excellent resource available online, with good articles and excellent information regarding different types of commercial money sources and particulars regarding each of [...]

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5 Things to know about private construction loans

Tuesday, October 11th, 2016

Clay Sparkman
I recently came across this five year old (but still very relevant) article written for David C. Scott for the Scotsman Guide
5 Things to know about private construction loans
It seems to fir pretty well with my own overall perception. As such, I thought I would publish it here and then go on to discuss [...]

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Musing the fix and flip

Tuesday, July 19th, 2016

Clay Sparkman
I recently came across these articles while scanning the web. I don’t agree 100% with everything said, but all in all, there is some very good stuff here–and so I thought I’d share it with you. (Ever vigilant: I’m combing the web for you.)
Scott Yancey’s Top 10 Fix and Flip Deal Destroyers (The [...]

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Article: Four things you need to flip a house

Tuesday, July 12th, 2016

Clay Sparkman
I came across this article by Justin Pierce, Four Things You Need To Flip A House, in Special to The Washington Post. It is well written and touches on some relevant/important points with regard to the matter of home-flipping. Since this is our sweet spot as a private money lender, I thought it would [...]

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The art of the summary

Tuesday, July 5th, 2016

Clay Sparkman
The Art of the Summary
Between phone calls, emails, and on-line submissions, we receive a tremendous number of loan requests. It’s pretty common for these loans to have tight deadlines, so here are three ways to speed up the process.
1)      Use the on-line proposal form and provide all the applicable information.  This form can be accessed [...]

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Promotional offer #2 for real estate investors

Tuesday, June 14th, 2016

Clay Sparkman
We are running several new promotions, primarily aimed at real estate investors, to really get costs down on financing and thus open up the possibility for more profitable deals. Last week I put up a blog post about a 12% and 2 point offering.
This week I’m putting up an alternative offer: 7% [...]

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Promotional offer for real estate investors

Wednesday, June 8th, 2016

Clay Sparkman
We are running a new promotion, primarily aimed at real estate investors, to really get costs down on financing and thus open up the possibility for more profitable deals.
This is the best that we have ever offered, and we are running it in order to bring in new borrowers and give them [...]

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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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Reminder: Quick flip loan program added

Tuesday, October 29th, 2013

Clay Sparkman
This is re-post (modified).

As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing up (though not always), and then selling fast, at a fair price, for a nifty profit.
Until now, we have made many such [...]

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Funds available

Friday, December 7th, 2012

Clay Sparkman
I think most of you know my company, Fairfield Financial. I just wanted to take a moment to put in a shameless plug, and let you all know that, with the upturn in the real estate economy, we have funds available for commercial loans of all types. Our sweet spot is relatively small construction, [...]

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In the way of good news

Monday, July 9th, 2012

Clay Sparkman

I am re-posting two short articles that I posted on the investor blog recently. Why? Because they are quite positive and credible in their outlooks, and I feel that we could all use a dose of optimism with regard to real estate markets about now. (It has been a long five years.)
Too good not [...]

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Auction Buyers Take Note

Monday, October 24th, 2011

Clay Sparkman
Most likely you have clients who buy distressed properties from time to time–with the intention of making a profit–and need a source of funding to fuel their activities. There are three common ways to buy distressed properties: pre-auction, auction, and post auction (generally referred to as REO). Most investors are forced to buy either [...]

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When life gives you lemons …

Thursday, September 9th, 2010

Clay Sparkman
I recently posted this article on my investor blog, The Private Money Investor. Even though the article is targeted toward investors who put their money into private money loans, I think it is appropriate to post it here.  After all … just look around you … this is where the game is.
I have [...]

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