Why can't home buyers find private lenders anymore? - 02/28/11 12:15 PM
It's the same old "unintended consequences" of legislation.  Or was it unintended?
In my lending business we lend to real estate investors who are buying properties for a business purpose only:  They buy houses in serious disrepair - the ones the banks won't lend on for a home buyer - and fix them up and sell them to families who are happy to purchase a newly rehabbed home.  These are not speculators, they are business people who do this for a living.  They put significant capital and effort into repairing the property and making it habitable.  
But every week I … (1 comments)

Which comes first, the deal or the funding? - 02/24/11 04:53 PM
I saw a post the other day from an investor who was told he had to get the contract (deal) before he could get funding. Another poster disagreed, and told him that wasn't true. In the interests of not hijacking the thread, I thought I would post some information that might be useful.
It is very desirable to line up funding for your deal before you sign and contract and put up your earnest money. If you are using conventional residential funding for that deal, it is easy, since pre-approvals are the norm in the conventional residential financing world. If you … (1 comments)

Lending to real estate investors - last in the series - 02/22/11 08:00 AM
Part 7 in a series of 7 posts
Ok, we're getting down to the last three questions here.
Should I form an entity to lend? It is not the same thing to lend as to borrow, so the considerations for lending aren't the same as for borrowing. Even though we can't lend to end homeowners, and lend to commercial entities only, we don't have to be a commercial entity to lend. The issue here is about liability protection. So once again, consult with your attorney about the liability incurred in lending, and the two of you should discuss together whether you … (0 comments)

Lending to real estate investors - more considerations to protect yourself - 02/18/11 07:31 AM
Part 6 of a series
I'm continuing a discussion of lending money to real estate investors. My company lends money exclusively to real estate investors in a specific geographic area. This allows us to be local to any property used to collateralize the loan, stay on top of legislative changes through our network of local attorneys and professionals, and to understand local trends, since all real estate is local.
How do you protect yourself from fraud or incompetence?  First of all, know who you are dealing with.  If you are lending directly to an investor, ASK AROUND!  It's amazing to me … (0 comments)

Lending your money to a real estate investor - how to choose - 02/14/11 11:27 AM
Part 5 of a series
First, let's define a real estate investor, for purposes of this series of posts.  Buying real estate to hold for income, or buying real estate to resell - both of these are called real estate investors.  Also, wholesalers, who get properties under contract and then assign the contract.  We're not going to get into the debate about whether these people qualify to be called "investors", I'm simply defining the word for my purposes.  For my purposes, a financial investor or lender is the person putting up the money.  So I'm differentiating between a real estate investor, … (0 comments)

Lending is hands-off real estate investing - 02/11/11 08:10 AM
Part 4 in a series
Lending money to real estate investors can be a lucrative way to participate in a project without running the project yourself.  It can lessen your risk, because of where you stand in the line of people waiting to get paid.
First, lets make it clear we are talking about real estate investment deals here - not a homeowner purchasing a home to live in.  The real estate investor will probably sell to an end buyer, but a lot happens before that.
Irving Investor is going to buy a property in disrepair, using some of his own … (0 comments)

How can you invest in real estate without the tenants, toilets and contractors? - 02/09/11 10:30 AM
Part 3 in a series
First, if you are considering investing funds in real estate without doing the actual leg work, there are many ways to consider handling that investment. But here are some things to consider before you take the plunge:
Am I comfortable investing in something where I won't be there every day to see what's happening? Do I want to stay hands off, or am I dying to swing a hammer? Do I want to keep my day job and grow my capital, or do I want to jump in with both feet and a blow torch and … (0 comments)

What type of real estate investor are you? Hands on? - 02/07/11 08:37 AM
Part 2 in a series
If you are starting out in investing, chances are you want to invest hands on. You probably want to either invest full time, or simply add to the family finances with a deal or two a year.  Deciding the type of investing that works for you, and how much time and money you should invest, are important decisions.  
Choosing a direction and focusing will make a big difference in how successful you are.  One thing you should consider is the skill set needed for various niches in the investing world.
If you are an experienced … (1 comments)

Lending, borrowing or buying? Which is for you? - 02/04/11 02:53 PM
Part 1 in a series
I come into frequent contact with people wanting to make the jump into real estate investing, but not knowing where to start.  I'm on the Board of several Real Estate Investor Associations, and co-founded one of them, so my network includes many new investors. 
Sometimes they ask where they can find deals.  (That's the mother lode, by the way.  It's sort of like asking Coca-Cola for their formula.)  Finding deals- really good deals, I mean - is the skill that investors need to cultivate.  Great deals are found off and on market.  They are frequently found … (1 comments)

 
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Ann Bellamy

Tyngsboro, MA

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Hard money lending for investors in NH and MA

Address: 440 Middlesex Rd #234, Tyngsboro, Ma , 01879

Office Phone: (603) 801-2247

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