Clay Sparkman When it comes to private money, the rules–as you may know them–generally don’t apply. Certainly, with regard to the matter of valuing a property, most of you would do well to throw away what you’ve already learned and start over. To help you along these lines, I would like to share an article […]
Posts Tagged ‘real estate investing’
Top Ten Ways you know it might be time to consider private money
Wednesday, October 26th, 2011Clay Sparkman This has been a tough four years for many of us, so in celebration of the anniversary of the sub-prime collapse, I thought it would be nice to start off by having a little fun. With that in mind, I have prepared a top ten list, Top Ten Ways you Know it Might […]
On the art of handcrafting loans
Thursday, October 20th, 2011Clay Sparkman As I pointed out in a previous mailing, our private money lending programs tend to be fairly rigid with regard to LTV requirements, but quite forgiving with regard to other issues. One of the nice things about private money is that it allows for creative problems solving. I have put many transactions together […]
Don't Believe Everything You Hear About Private Money
Monday, September 12th, 2011Clay Sparkman This week I’d like to address some myths about private money, and hopefully correct some common misconceptions that seem to exist with regard to private money lending as an alternative mechanism for funding the refinance and acquisition of real estate. Myth: As a broker, I should first try to use conventional bank financing, […]
Getting Unstuck with Private Money
Friday, August 26th, 2011It is often quite difficult for professionals to get a sense of what hard money is all about and to know when it is the best option for putting a transaction together. I have found that the best way to teach is by example. So to that end I will profile several loans here that […]
As goes Miami …?
Saturday, July 30th, 2011Sorry to be so long away from you. I guess the lazy days of summer have been calling. I would like to share an article that I read recently in the New York Times. http://www.nytimes.com/2011/07/27/business/affluent-buyers-reviving-market-for-miami-homes.html?pagewanted=1&_r=1 It seems that the Miami market, one of the worst hit during the real estate turn down, is on the […]
Keeping your loans in motion
Tuesday, May 10th, 2011S. Clay Sparkman The most important thing about working a pipeline–as you well know–is to keep your loans in motion. They must not stagnate. Always move forward or bail out (gracefully of course). This is a critical secret to success, particularly in the challenging market we face now. If you have a file that you […]
Example private money loan – turn of century coastal view home remodeling project
Tuesday, April 26th, 2011Clay Sparkman Because I have found that one of the best ways to learn is by way of example, I like to give frequent examples of actual loans that we have funded. The following loan was funded quite some time ago, but is quite typical of the sort of thing that we are looking to […]
Won’t somebody please call a plumber … the banks are clogged
Tuesday, April 19th, 2011Clay Sparkman This article was originally posted on my lender blog in January of 2010. Now, some 15 months later, it still seems pretty much timely, That worries me. I’d like to hear your thoughts on this matter. You brokers are the real experts. Please give voice. One of my dear good readers sent the […]
Resources – show me the good stuff!
Tuesday, March 29th, 2011Clay Sparkman I have long searched for resources that might be useful to those who wish to learn more about private money and hard money loans, and in the process I have become increasingly convinced that our particular niche field is somewhat of an intellectual/informational wasteland. Every time I stumble upon an article or site […]
