Gaps, Cracks and Whacks: A Hard Money Lenders Guide to Identifying and Preventing Poor Quality Contractors and Construction

Many hard money loans in Orange County involve a borrower rehabbing or repositioning a property before a sale or rental.  The resulting property sale or rental will happen faster when the rehabber deploys proper project management and quality construction. A well-run project will facilitate a timely exit and the lender won’t have to fix substandard…

Hard Money Loans & Trust Deed Investments – Test, Measure, Iterate

As CrowdTrustDeed enters its 4th year, I want to thank you for your continued support. When Mortgage Vintage founded and established CrowdTrustDeed on January 1, 2015, our vision was to use technology and data to help our borrowers and brokers receive a more streamlined origination process that provided more surety of funding while facilitating better Trust…

“Fintegration” – 5 Fin Tech Influences on Hard Money Lending

Financial Technology (FinTech) companies change the hard money landscape every day.  These new FinTech firms like Realty Mogul, Patch of Land, Fundrise, Peer Street, Lending Home and others exploit the Internet’s connectivity, computing power, band width and electronic communication patterns to create new markets like peer to peer lending and enhance legacy business’ including Hard…

Hard Money Loans Solve Real Problems

In a recent top-rated business Podcast, Tony Robbins stated that “The Best Business’ Solve Real Problems.” Besides being simplistic, direct, transparent, and fast, Hard Money Loans and Trust Deed Investments solve real issues that finance seeking professionals encounter. This month’s Blog analyzes the problems facing Orange County and other Southern California Mortgage Brokers, Business Owners,…

5 Selection Criteria for Any Hard Money Loan

Every year, NFL executives, scouts, coaches, and analysts fly to college football games, scour videos, and scrutinize statistical reports about potential draft selections.  The NFL conducts the Combine where NFL prospects try out in front of representatives from the 32 NFL teams.  Production, Height-Weight-Speed, Durability, and Intangibles are all weighed and analyzed.  The number crunching…

Leverage Fintech and the Internet

The Internet continues to destroy old and create new business models.  Disintermediation runs rampant.  How does a financial services business survive and thrive in the Financial Technology “FinTech” space and create a profitable business model in today’s Internet world? Old Business Model Internet Model Principle Banks Marketplaces and Crowdfunding 1 Blockbuster Netflix 2 Credit Cards…

Hard Money Loans for Bad Credit

Low Interest Rates, Unemployment below 5%, housing prices increasing by 5% and the improving economy are assisting borrowers improve their credit scores.  The share of U.S. adults with credit scores that are considered “subprime” fell to 20.7% in April, the sixth consecutive year-over-year decline and the lowest level since at least 2005, according to the…

Air and Attitude

Go West Young Man/Woman! Our Fathers, Settlers, Adventurers, Immigrants, acted on this battle cry and moved west to California. We all know about the weather, but why else do residents put up with California’s housing prices, taxes, traffic and liberal slant? Why do we choose to live here in the land of “fruits and nuts?”…

What’s Your Version?

The new Windows 10 is about to hit the shelves.     Wow.  What a sometimes frustrating but exciting ride from DOS.  The imminent Windows 10 Version made me think about my own personal and professional resets and upgrades and how everyone should enjoy and contemplate their own life upgrade process. I’m on Sandy Version 4.0.  IBM…

Trust but Verify

I enjoy meeting people and I prefer to go through life trusting people when we first shake hands.  I always like to assume that people I meet are generally good people.  However, these days our motto is and has to be “Trust But Verify”.   As part of Due Diligence it is incumbent on a private…

Demystifying “Stated Income”

Hard Money and Non-Prime Lenders offer “Stated Income” loans to fill a gap on situations where conventional loan standards deny the loan.  Today’s blog will demystify “Stated Income” and describe what these loans are and are not.  Importantly, we will also discuss the opportunities and pitfalls for borrowers and investors in “Stated Income” loans. Many…