http://privatelendingguide.com/blog Sun, 04 Jan 2009 22:00:03 +0000 http://backend.userland.com/rss092 en What we are going through – right now – is an economic revolution where there is going to be the greatest redistribution of wealth that we’ve seen in the last 100 years.  The greed of banks have really made a mess of things. While credit from banks have dried up, ... http://privatelendingguide.com/blog/bank-failures-and-private-money Everyone's worried.  The media and candidates are having a field day blaming their favorite scapegoat.  Should we fire bank CEO's? Should we nationalize banks? And how can we "Make sure this never happens again?" Congress wants to make laws (of course) with more stringent regulations (that will probably only screw the ... http://privatelendingguide.com/blog/whose-fault I got this response from Craig Nichols to one of my posts: "In your email message, you made the following statement 'the mortgage mortgage meltdown which was caused by greedy banks, ripping off the Wall St investors'.  The banks were fulfilling a mandate of Congress. Congress caused this mess. The Community Reinvestment ... http://privatelendingguide.com/blog/responsible This may sound a bit presumptuous.  And after investing in all levels of real estate for the last 10 years, I believe these insights will be very helpful to the general public suffering from the tightening of credit guidelines and especially our legislators, who could really stimulate the economy by ... http://privatelendingguide.com/blog/perfectsolution I got an email from a subscriber that asked: "If a investor can give you 100% money to invest in real estate. What is the best JV arrangement you can offer him to have a workable and sweet agreement acceptable to both parties? (investor is sophisticated accredited investor)." This is a ... http://privatelendingguide.com/blog/private-lending-expectations You may have heard, the President signed the "Economic Stimulus Act of 2008" into law.  Basically, it's a big hand out to Fannie Mae, and Freddie Mac.  The Banks that caused the whole mortgage meltdown in the first place, are also likely to scoop up some of the cash. But how ... http://privatelendingguide.com/blog/economic-stimulus-act WIIFM This acronym stands for "What's in it for ME".   And if you want to interest anybody in your project, it is the first question in their mind that you have to answer.  It's not about your deal, or how much you know.  It's about them and what they want. Remember Dale ... http://privatelendingguide.com/blog/5-keys-part1 I saw an article in a recent issue of Forbes about guy who is buying foreclosed properties at the steps.  The article relates how he bought 2 properties worth $725K for $400K each using $120K in savings and $680K from a line of credit.  He sold the homes 6 weeks ... http://privatelendingguide.com/blog/power-of-big-money This credit crisis is really hitting home with real estate investors and other business owners.  Even though the banks caused it by making ARM loans to borrowers who they knew couldn't afford it.  Instead, they've tried to shift the blame by coming down hard on the very people who could ... http://privatelendingguide.com/blog/get-business-credit-lines-through-the-back-door In real estate, you don't get what you pay for.  Instead, successful investors pay for what they get.  This is especially true for buying income properties.  I saw a recent article with the headline "Office Fundamentals weaken in the 2nd Quarter (2008)".   The article went on to point out that the ... http://privatelendingguide.com/blog/pay-for-what-you-get