Clay Sparkman I finished Part II with a brief mention of something I quite like about the trust deed system: that is, the option (generally available) to foreclose judicially. Before moving on, I’d like to offer you a crude little decision tree which shows how investors might go about making the decision whether to foreclose […]
Posts Tagged ‘hard money lending’
The private money lending business: likes and gripes (part III)
Friday, February 4th, 2011The private money lending business: likes and gripes (part II)
Thursday, January 13th, 2011Clay Sparkman In Part I, I began a discussion of my gripes and likes regarding the private money lending business and various industry related matters, items, and issues. I allowed myself to amble a bit far afield and concluded by mentioning a book about the legal profession which I personally found to be informing and […]
Calling all rehabbers, short sale buyers and quick flip artists
Saturday, October 2nd, 2010Kris Gillmore and Clay Sparkman Over the past three years we’ve all watched real estate prices come crashing down, in many cases forcing lenders to foreclose and take back the property. Although this is a sad misfortune for some, it is a tremendous opportunity for others. With regard to quick-flip investment property, I have always […]
A view from the other side
Friday, September 17th, 2010Clay Sparkman Over a year ago, well before I started pecking away at this blog, I began blogging about private money and private money issues from the investor perspective. Naturally this blog is called The Private Money Investor. It deals with all aspects of investing in private money loans and hard money loans secured by […]
When life gives you lemons …
Thursday, September 9th, 2010Clay 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 […]
The ever elusive lender
Wednesday, September 1st, 2010Clay Sparkman If you don’t believe that lenders are getting hard to find, read this article from the New York Times: In Hard Times, One New Bank (Double-Wide). Kind of scary, huh? If you are having trouble finding the ever elusive lenders that you need for your particular client transactions and projects, a web based […]
The big stretch
Sunday, August 22nd, 2010Clay Sparkman In a prior posting, I pointed out that one of the primary advantages of private money is that it allows for creative problem solving due to the flexible nature of the beast. I went on to discuss some of the ways in which one can often make a private money transaction work, on […]
What you will only learn on the streets about how to read an appraisal (and hopefully without the scars to prove it)
Monday, August 9th, 2010Clay Sparkman The crucial thing that you must understand about any appraisal (or other real estate valuation instrument) is that it is only as good as its logic. So that—in other words—you must never accept an appraisal’s conclusion regarding value without looking beyond the surface to understand the logic that leads to the conclusion and […]
Ignoring the experts
Monday, August 2nd, 2010Clay Sparkman One thing I can tell you about private money is that the regular rules don’t work there. And in fact, there aren’t really any rules that you can count on. At best, there are guidelines and these vary greatly depending on the broad spectrum of particulars that define a particularly loan request. With […]
The language of private money
Tuesday, July 20th, 2010Clay Sparkman Most of you are probably familiar with the nomenclature of private money lending, but from time to time, I find myself clarifying the meaning of one or more of the essential words, acronyms or phrases. And so I shall publish here a brief glossary of such terms for your reading enjoyment. Consider this […]
