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 blogs about REO properties, foreclosures, rehabs and quick flips–and I remain convinced that this is a sweet spot. Investors are making some real money in this area in today’s market.
I haven’t talked much, however, about multifamily property, and it would be a shame not to, for that is another clear sweet spot in the current market.
See the following article at CoStar Group for plenty of evidence:
Investor Hunger for Apt. Properties Still Sharp in Second-Half 2010
As real estate lenders, of course, we look for the real estate investors who are working the sweet spots successfully. We want to lend money to people who are making money and have figured out the market (or at least are figuring it out). If the investors succeed then we succeed and it is as simple as that.
— Clay (clay@privatemoneysource.com, 503-476-2909 or 800-971-1858)
Clay is Vice President of Fairfield Financial, a primary source for private money loans since 1964. Fairfield works with a broad range of private money investors, in a broker capacity, finding, underwriting, presenting, closing, servicing, and when necessary, assisting in the workout of difficult loans.
Tags: California, economy, hard money investing, hard money lending, hard money loans, investing, Multifamily, New York, private money investing, private money lending, private money loans, real estate, real estate investing, trust deed investing, trust deed lending, trust deed loans
