You’ve seen the late-night infomercials with self-anointed gurus promising you millions in real estate profits with no money down. The truth is that many of these charlatans never made a dime in real estate, but instead built their fortunes through selling over-priced or useless information to unsophisticated investors suffering from insomnia.
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When I first heard the term hard money lender I thought it meant a lender who unfairly charges excessive fees. While some may think that is true, there are laws against usury, which is charging ridiculously high interest rates. Don’t all lenders charge high interest rates? Some people think so but hard money lenders charge even more because they are not required to conform to banking standards.
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Creating Financing is described as any other way of financing a mortgage without using conventional loans. This type of financing is typically used when a buyer has damaged credit, lack of money or in tight credit times.

Some examples of creative financing would be to use a Hard Money Lender (Lender that specializes in hard to lend credit situations, usually carries a much higher interest rate and fees) or will use seller financing.
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Five major Acts of Congress have created protections for home buyers and sellers in the U.S.. These protections are known as Fair Housing Laws. Many states have enacted their own Acts which add additional protections. Locally cities and counties can add additional protections (or protected classes’s. Be sure to check what state and local laws in your area cover in addition to Federal Fair Housing Laws. There are exceptions and variables to these laws, inquire at your local governmental office for complete details.
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One of the best lessons on closing sales I ever got was from a self defense school I once attended.

I was a newly married whipper-snapper at the time. And I wanted to learn how to “take care of business” if need be.

So I started reading the Yellow Pages, going through the “martial arts school” listings and seeing all the different schools and methods. You know, like karate, tai kwon do, aikido, judo, etc.
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There are many articles or eCourses about how to become a real estate bird dog because of the high demand of the services. But just too few to teach what are the exact duties of a bird dog? Here we are going to discuss the key duties and activities of a person who is interested in finding property deals for their investors.
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For a majority of us, real estate is our most valuable asset. It might be your dream house for which you used all your savings or a farmhouse that you bought in the countryside, as a weekend getaway. No one would like to see such assets come under the threat of creditors and lawsuits.
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In the recent past, nearly 70% of all commercial appraisals were ordered by the banks that were going to fund the project. Now that banks are absent from the performing funding space, many developers are left with the responsibility of ordering an appraisal. Unfortunately, many of the appraisals they order and submit are simply unacceptable to 90% of our funding sources.
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We often hear consumers and business owners alike confuse the terms “advertising” and “marketing.” How would you differentiate the two? I know I mistakenly mixed the terms for some time before learning the difference. It’s really quite simple once you know.
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Following is a reproduction of the IRS’s rules and requirements for 1031 tax deferred exchanges with regards to real property. If you have any questions regarding the sale of your real property or questions about what qualifies for a 1031 exchange or not, please consult your tax professional.
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