We are working with several credit partner investors to get them investment property loans for under 6%
Talk to other investors, friends and neighbors and then buy or refinance with great long-term loans.
Saturday, June 4, 2011
Now is the Time to Use Your Credit to Invest
Thursday, May 26, 2011
Transaction 17 of 52 in 2011: I "Broker" a Loan
More transactions! More deals! More fun!
I help Shawn Watkins of Investors Workshops find some short-term money when a buyer was delayed coming in with funds. So I called a financial friend who had never lent money short-term and asked him if he was interested.
His first reaction was "no," not interested at all.
Second reaction was, "maybe depending on the numbers, please send them to me."
Third reaction was, "this sounds good. I'll probably do it after I review the numbers."
The numbers looked good. $20,000 short-term that would come from an equity line at a low-interest cost to the lender secured by a second dead of trust against the subject property.
The money came in two days later. Shawn closed the transaction. Funds paid back as promised. Our financial friend is ready to do the next one.
Wednesday, May 25, 2011
Utah vs. Bank of America: Round 2
As far as government goes, the State of Utah has a good one! They are fighting for the rights of its citizens to have a local office to work with if they are facing foreclosure!
I posted last week that Bank of America is IGNORING a court order to STOP using out of state foreclosure services! When I posted this on Facebook I said "Maybe Utah should SHUT DOWN all Bank of America foreclosures!"
Well, someone must have read my blog because now the attorney general is suing Bank of America to stop using out of state foreclosure processors.
Well, don't you love it? A small state sticking up to a GIANT bank to defend it's citizens!
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