Back on the Blog-wagon

I owe you an apology! I have not been blogging in way too long. By way of an explanation for my absence I can only say that I have been extremely busy. Doing what you ask? Growing my business to better serve the needs of Texas real estate investors. In the last 6 months DHLC…

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From TAR: Breaking News on Seller Financing

Many of us have been very concerned about the implementation of federal legislation known as the SAFE Act that would severely limit an individual’s ability to seller finance their property in Texas. TAR is working on numerous regulatory and legislative solutions to this affront to private-property owners, and have some good news to report. At…

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New Realities for Hard Money Borrowers

In case you have been hiding in a cave without Wi-Fi you have noticed the rules of the game have changed. It used to be, just 9a few years ago, that any rehabber with a pulse that could find a house to purchase for a price of 70% of the After Repaired Value (ARV) including…

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Should YOU choose the Title Co when purchasing a property?

One of the most common misconceptions out there is that seller ALWAYS gets to choose the title co since he/she is paying for the title policy. In some case, REOs and HUDs this is true. However as the buyer, when you submit a contract/offer, YOU have the the right and opportunity to tell them what…

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My Sub Prime Doomsday Scenario

As an investor and Hard Money Lender I am VERY concerned about what is going in the Sub prime market. The following is my Doomsday Scenario that will come to pass unless lenders pull their collective heads out of their collective…… or the FED starts to ease interest rates or both. You have someone who bought…

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Get a Home Warranty when you buy residential property

I don’t know why more rehabbers do not ask the Sellers to provide a Home Warranty. This costs the seller less than $350 and can save you a ton of money. Infact I would suggest getting the seller to agree to the sales price then tell them you will pay $350.00 more but they have…

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Why you should use a Buyer's Agent

One of the biggest mistakes new and veteran RE Investors make is to purchase a listed property without the use of a Buyers Agent who is experienced in working with RE Investors. Now any agent can be a Buyers Agent but unless they understand how we buy and sell property they will not be able…

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Bird-Dogging 101

Definitions A “Bird-Dog” is someone who identifies a good Real Estate investment opportunity and puts the property under contract with the sole intent of assigning that contract for a fee to a rehabber to repair and resell. For the purpose of this article the term Birddogging and Flipping will mean the SAME thing. The Scenario…

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A bargain is worth just as much as you paid for it!

My grandfather used to always tell me A bargain is worth just as much as you paid for it! What does this mean? It means that taking short cuts and using the lowest bid may cost you more in the long run. Every time I review a Hard Money Loan application I also review the…

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