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 […]
Posts Tagged ‘hard money borrowing’
Reminder: Quick flip loan program added
Tuesday, October 29th, 2013Clay 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 loans, and we […]
The big stretch – repost
Thursday, October 10th, 2013Clay Sparkman This article was originally posted at this site in August of 2010. I feel that these essential points are so important for those seeking creative ways to get deals done that I felt I should post it again (I have made some modifications to the original article so as to bring the facts […]
Announcement: Launch of exciting new commercial program
Monday, September 9th, 2013Clay Sparkman I am pleased and excited today to launch one of the most comprehensive and competitive commercial programs that we have ever been in a position to offer. The basic parameters of this program are as follows: The program covers multifamily, mobile home parks, industrial, office, retail, developed land, raw land, and construction Coverage […]
More REO opportunites for the little guy
Thursday, September 5th, 2013Clay 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 […]
The beauty of private money loans – when they're right, they're right
Wednesday, August 28th, 2013Clay Sparkman Historically we have placed loans in the 12-14% range, but in the current market we are finding that this may be a bit high. Especially if a lender is willing to come down to 10-11%, there are little golden nuggets of opportunity presenting themselves. Here, by way of example, is a loan that […]
Private money – another perspective
Thursday, August 22nd, 2013Clay 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 […]
The language of private money
Wednesday, July 10th, 2013Clay Sparkman This post was first published on this blog on 7.20.10. Occasionally I go back and look for high value posts, knowing that either new members were not there when they were originally posted, or that long-time members may have missed them on the first run. This is one of those posts that I […]
Flexibility and creativity: the beauty of private money loans
Monday, June 17th, 2013Clay Sparkman This post was originally published on this site on July 6th. 2010. I feel that the information within is so important to a full understanding of private money flexibility and creativity, that I modified the document, bringing it up to date, and am publishing it here now once again. Our private money lending […]
Good advice for real estate fixer and flippers and their associates
Tuesday, June 4th, 2013Clay Sparkman As most of you know, my company (Fairfield Financial Services, LLC) does many kinds of private money loans, but our true sweet spot, I would have to say, is fix and flip properties (or fix and rent). We feel that this is a great time to be buying REO, short sale, and under […]
