investing: I broke my back just to get that video shot?!?
- 03/21/14 07:32 AM
I've been working on a video series to show our investors and prospective investors what goes into our re-building of a house. This sometimes requires me to climb a ladder or two to "get the shot", something I never believed too challenging since mastering chewing gum and walking at the same time. This time I guess I was just too anxious and obviously not paying attention. Here's the story. The insulation was being pumped into the attic spaces of our house, the big hose was running through the house up to the third floor. I noticed the hose leading to the walk-in closet and there stood a … (6 comments)
investing: Michigan Hard Money - can't lend on tax sale property until...
- 09/12/10 01:00 PM
The counties here in Michigan are putting up hundreds of properties for sale for back taxes. As in the past, our offices will begin receiving phone calls from buyers hoping our hard money loan programs can either finance the purchase of these properties or lend for repairs after the purchase. The problem is we can not lend on a property that has been purchased through a tax sale because title companies will not issue a title commitment until the the borrower has had the property go through a "quiet title" action for any possible unknown claims against the property. Property taxes may take priority over all other liens but there may be other issues that have … (5 comments)
investing: Hard Money Lending Because I Need the Security of Real Estate!
- 01/23/10 02:43 AM
Over the years I have received numerous calls from stock brokers and the like asking me to look into their latest and greatest. My response has always been, "Truthfully, I don't invest in anything other than private hard money mortgages because that's my business, I've worked in hard money lending and real estate for the past 23 years and I understand it. I use my Self-Directed IRA to purchase 1st Mortgage Notes and I'm not interested in putting my money into something that is not secured by a tangible asset and I require real estate." Unless I hang up first, that's … (6 comments)
investing: Think Detroit REO's!
- 01/26/08 02:15 PM
Looking for the deals for real estate investments, think Detroit! Where else can you purchase a property for less than a used car? If you know what you're buying and have an agent looking in the right places you can buy for under $20,000, put about $10,000 into repairs and have a house worth up to $80,000 or more. And the rents, typically $800 to $900 a month for a 3 bedroom bungalow, a great return on your investment. How do I know? I see it every day in my business. I work for Metro Mortgage Investments, LLC, a private (hard money) … (0 comments)
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Trent Dalrymple (248) 854-0625
Allowing Mortgage Professionals to Lend Nationwide
I've been working on a video series to show our investors and prospective investors what goes into our re-building of a house. This sometimes requires me to climb a ladder or two to "get the shot", something I never believed too challenging since mastering chewing gum and walking at the same time. This time I guess I was just too anxious and obviously not paying attention.
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