Clay Sparkman This is a re-post: 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 […]
Posts Tagged ‘hard money brokering’
Fairfield private money loans – we love to work with brokers
Tuesday, April 2nd, 2013Clay Sparkman Fairfield Financial works hard to establish good working relationships with Loan Brokers. Though we do work directly with borrowers, we push toward being more of a wholesaler, and emphasize building relationships with professionals who can help their clients understand when private money might be an appropriate option to pursue. We will work with […]
Trust deed lending – ten mistakes you should never make and ten mistakes you must never make
Thursday, March 28th, 2013I first published this post on The Private Money Investor Blog on Dec 19, 2009. It is clearly directed toward a private money investor audience. However, from time to time, I like to post articles on this blog which give more of that particular perspective. If you really wish to understand the private money lending […]
How to read an appraisal
Tuesday, March 26th, 2013Clay Sparkman This article was originally published, on this blog, on 8/9/10. 2 ½ years later, I feel it is worthy to be modified slightly and published again. Whatever you do in the real estate business, I highly recommend that you give this post a good read. The most important thing that you must understand […]
What the media is saying about private money markets
Thursday, March 14th, 2013S. 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 […]
What exactly do you want me to do for you?
Monday, March 11th, 2013Clay Sparkman When evaluating loan requests, this is the fundamental question: what exactly do you want me to do for you? It is impossible to count the number of times that I have receive loan packets or proposals that didn’t include a loan summary or any clear description of the request. The process of evaluating […]
Web based resources for the private money professional (re-post)
Friday, February 22nd, 2013Clay Sparkman I originally published this article in January of 2010. Two years later, I think it is as useful as ever. Thus the re-post (for those who missed it the first time around). Today I will focus on a few web based tools that I have found to be useful in the business. Let’s […]
Rehab and construction loan FAQ
Thursday, February 14th, 2013Clay Sparkman One of the most promising areas at the moment for real estate investors and brokers, by all indications, is REO, short sale, rehab, and quick flip properties. The opportunity to buy distressed properties at a low price point is evident in many markets. And yet it is difficult for most end-buyers (with a […]
Draw process for rehab and construction loans
Tuesday, February 5th, 2013Clay Sparkman We plan to do as many rehab and construction loans as we can this year. We see great potential in that area. Builders are under-building (by a substantial number), and this is mostly because banks haven’t recovered to the point where they aren’t comfortable doing construction style lending–and thus there aren’t many options […]
