{"id":430,"date":"2012-02-03T12:55:33","date_gmt":"2012-02-03T19:55:33","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=430"},"modified":"2012-02-03T12:55:33","modified_gmt":"2012-02-03T19:55:33","slug":"whats-going-on-out-there","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=430","title":{"rendered":"What's Going On Out There?"},"content":{"rendered":"

Clay Sparkman<\/em>
\nWith the decline of real estate prices and concern about the global economy, there is a lot of speculation regarding the timeline of this recession. In conversations with brokers, investors, and developers throughout the country, the topic often turns to one common question: what\u2019s going on out there? I\u2019ve heard what the experts say, and certainly these people are more qualified than I to make statements regarding the indicators on the global and national economy. However, I do have my finger on the pulse of the hard money market in regional pockets throughout the USA, and here are some thoughts from someone down in the trenches:
\nIt seems like a lot of people are looking ahead to better times in 2012 and viewing this as a time to position them self to take advantage of a low and potentially turning market.
\nA considerable portion of our loan inquiries are for the purchase of discounted properties. There are always requests to purchase distressed properties, but in this market there are properties available that require little if any work. The goal here is to secure these properties as rentals and refinance through conventional means or make a quick flip. The strategy obviously is to purchase these properties at somewhere near the bottom of the price curve and make the best buy possible. Many would argue that we haven\u2019t quite reached the bottom yet, but this increased activity might suggest that we\u2019re getting close\u2014at least in a handful of regional markets.
\nI also have the opportunity to talk to a variety of contractors. Just as my phone seems to be ringing more frequently, a number of these contractors have reported increased activity. This seems to be another indicator that we might be reaching the bottom. This increased activity suggests that these investment opportunities have become ripe for the picking.
\nTo answer that initial question: the hard money wheels are turning. We keep data, and we\u2019ve seen a significantly increased volume of loan inquires (particularly for projects and investments) over the past 3-4 months, and it looks like investors are getting ready to pick up some of this huge inventory of discounted property. The timeline is a matter of speculation, but with this increased activity, real estate sales volume could be on the rise. As this decreases the inventory, prices could stabilize and the market might even rebound. Maybe this is wishful thinking, but either way there is opportunity out there.
\nIf you would like to discuss private money loans further or run a particular scenario by us, please e-mail him at clay@privatemoneysource.com. Otherwise, if you would like to get a better feel for our company and the types of programs we do, please browse our web site at http:\/\/www.privatemoneysource.com<\/a>.
\n\u2013 Clay (clay@privatemoneysource.com, 503-476-2909)
\nClay is Vice President of Fairfield Financial, a primary source for private money since 1964.\u00a0 Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX.\u00a0 To submit a loan to Fairfield for consideration: <\/em>http:\/\/www.privatemoneysource.com\/loanproposal.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Clay Sparkman With the decline of real estate prices and concern about the global economy, there is a lot of speculation regarding the timeline of this recession. In conversations with brokers, investors, and developers throughout the country, the topic often turns to one common question: what\u2019s going on out there? I\u2019ve heard what the experts […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[2,9,12,17],"tags":[32,37,38,39,42,43,46,50,53,54,55,58,59,60,61,62,63,64,65,66],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/430"}],"collection":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=430"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/430\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}