hard money loans, quick money loans, online money loans,noreply@blogger.com (Anonymous)Mon, 1 Jun 2026 00:37:12 -0700Blogger http://www.blogger.com503125http://earnmoneyfromblog1.blogspot.com/en-usnohard money loans, quick money loans, online money loans,noreply@blogger.comhttp://earnmoneyfromblog1.blogspot.com/2012/07/residential-hard-money-loan.htmlHard Money Loannoreply@blogger.com (Anonymous)Thu, 26 Jul 2012 07:05:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-2748329994157266591 A residential hard money loan is a variety of loan the place where a customer will get funds in line with the price of a unique commercial or residential real estate investment. The term hard money refers to the difficulties in obtaining any loan. Hard money loans provide high rates of interest minimizing loan-to-value ratios, while there is no federal government institution which backside the 544http://earnmoneyfromblog1.blogspot.com/2012/07/earnmoneyfromblog1.htmlnoreply@blogger.com (Anonymous)Mon, 23 Jul 2012 15:01:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-6886532579510656243earnmoneyfromblog130http://earnmoneyfromblog1.blogspot.com/2012/07/recommended-reading.htmlnoreply@blogger.com (Anonymous)Mon, 23 Jul 2012 08:25:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-5447471478799905414In the comments to my last post, Jason asked me what books I would recommend. I'm assuming he was referring to real estate investing books. That's actually a fairly tough question. I've been investing in real estate for 8 years now. I started out by reading a bunch of books, but looking back, I realize I've gained the majority of my knowledge from experience and from reading other people's 25http://earnmoneyfromblog1.blogspot.com/2012/07/rents-on-rise-nationwide.htmlMulti #1noreply@blogger.com (Anonymous)Fri, 6 Jul 2012 10:42:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-4626369129336593336This article from Reuters says apartment rents are now the highest they have been since 2007 and vacancies are at a 10 year low. This seems to be consistent with what we are seeing at the Houston apartment complex.87http://earnmoneyfromblog1.blogspot.com/2012/07/new-california-foreclosure-law.htmlforeclosurenoreply@blogger.com (Anonymous)Tue, 3 Jul 2012 08:58:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-7828752410285410879Because all my hard money lending is done in California and to people who buy, rehab, and sell foreclosures, this news story caught my eye. The California legislature recently passed a law making it harder to banks to foreclose on property owners. According to Reuters, the bill prohibits banks from "dual-tracking" loans - proceeding with the foreclosure process while also in loan modification 4http://earnmoneyfromblog1.blogspot.com/2012/06/may-apartment-update.htmlMulti #1noreply@blogger.com (Anonymous)Mon, 25 Jun 2012 12:59:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-1489442198505211112I received the May financials for the Houston apartment complex and I'm pleased to see the numbers continue their improvement. Last month's record income was exceeded by almost $3,000, setting another new record for the highest income since 2010. Also, as mentioned last month, we received a reimbursement from our insurance company for some electrical work that was done last month. Just as the 2http://earnmoneyfromblog1.blogspot.com/2012/06/security-at-houston-apartment-complex.htmlMulti #1noreply@blogger.com (Anonymous)Mon, 11 Jun 2012 13:10:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-3592278023790548697Last month, I noticed that the financials for the Houston apartment complex showed the security expense had dropped from between $1,500 and $3,000 a month to zero. My concern was that management eliminated some security measures as a cost cutting move. I was worried that this might result in an increase in vandalism and crime-related expenses. I emailed management about this and, it took a while,2http://earnmoneyfromblog1.blogspot.com/2012/06/april-apartment-update.htmlMulti #1noreply@blogger.com (Anonymous)Tue, 5 Jun 2012 06:00:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-684542288969039430As hinted at last month, the April numbers for the Houston apartment complex were good. Revenue hit $184,000, which is the highest since 2010. The water conservation program management implemented last year is working well - costs this year are running about 25% below last year's numbers. That's an annual savings of over $24,000.The property still showed a loss this month, but that was due to an 1http://earnmoneyfromblog1.blogspot.com/2012/05/prospercom-class-action-lawsuit.htmlprosper.comnoreply@blogger.com (Anonymous)Tue, 29 May 2012 07:10:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-1187495244320517420I received notification today of a class action lawsuit against Prosper.com. It's been several years since I loaned money through them and, in the end, I decided it wasn't for me. I know a couple of my readers also loaned money through them. I just wanted to make people aware that, if you loaned money through Prosper between January 1,2006 and October 14, 2008, you may be a member of the class 0http://earnmoneyfromblog1.blogspot.com/2012/05/loan-24-started.htmlHard Money #24noreply@blogger.com (Anonymous)Wed, 16 May 2012 06:58:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-8265236040876919240Last week, I took my money from the close of HML #21 and put it to work in a new loan. The new property is a single family home in San Pablo, California. the property was purchased at a foreclosure auction by one of our best clients, who is also personally guaranteeing the loan. The purchase price was $111,600. My partner estimates the current as-is value to be $120,000 and the after repairs 2http://earnmoneyfromblog1.blogspot.com/2012/05/houston-apartment-turnaround.htmlMulti #1noreply@blogger.com (Anonymous)Fri, 4 May 2012 09:12:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-7430366981853444246I finally got the March numbers for the Houston apartment complex. Numbers were generally comparable to February - rent income in both months were up $10,000 over January numbers. Admin expenses were up $2,000 over February due to some legal bills incurred in working out late payments with vendors. Net income continues to improve, going from -$30,000 in January to -$10,500 in February to -$8,000 0http://earnmoneyfromblog1.blogspot.com/2012/04/loan-21-paid-off.htmlHard Money #21noreply@blogger.com (Anonymous)Mon, 30 Apr 2012 09:27:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-1224109143380070435HML #21 was paid off last week so those funds are now looking for a new home. My other three loans are paying on time.Still haven't received the March financials for the Houston apartment complex. They seem to be coming later and later these days. I know the management company reduced staff to help with the cashflow and I'm wondering if this is a result of that.0http://earnmoneyfromblog1.blogspot.com/2012/03/february-update.htmlMulti #1self-directed IRAstaxesnoreply@blogger.com (Anonymous)Mon, 26 Mar 2012 08:52:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-5397516639506233082Things are looking better at the Houston apartment complex. Of course, the previous times I’ve said this it’s usually turned out to be a short-lived turn-around, but still, a good month is a good month. Rental income increased in February by almost $10,000, mainly due to decreased rent concessions. This month saw the highest rent revenue since April 2011. We had t pay out $3,800 for some repairs 0http://earnmoneyfromblog1.blogspot.com/2012/03/privacy-policy.htmlnoreply@blogger.com (Anonymous)Mon, 26 Mar 2012 07:09:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-7888400457424162143Privacy Policy for earnmoneyfromblog1.blogspot.comIf you require any more information or have any questions about our privacy policy, please feel free to contact us by email at farelaudin@gmail.com.At earnmoneyfromblog1.blogspot.com, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by 0http://earnmoneyfromblog1.blogspot.com/2012/02/hard-money-loan-23-started.htmlHard Money #23noreply@blogger.com (Anonymous)Wed, 29 Feb 2012 12:01:00 -0800tag:blogger.com,1999:blog-433298737657252993.post-1698407776501261933I started a new hard money loan this week, bringing my current outstanding loan count to 4.This one is on a single family home in San Pablo. It is currently occupied. It's a 2 bedroom, 1 bath, 856 square foot home built in 1950. The roof and foundation look to be in good shape and, other than the garage, the paint is in good shape. We were unable to see the inside of the home, but pictures of the1http://earnmoneyfromblog1.blogspot.com/2012/02/a-handy-tool-for-landlords.htmlnoreply@blogger.com (Anonymous)Fri, 17 Feb 2012 07:43:00 -0800tag:blogger.com,1999:blog-433298737657252993.post-3968567118996435211I came across a handy little website the other day that I though might be useful for landlords or anyone else who needs to send certified or return-receipt letters. Send-certified-mail.com provides an easy way to send out a certified letter. You can also get an electronic proof of delivery or electronic copy of the recipients signature.If you want to use the service, you simply upload your letter0http://earnmoneyfromblog1.blogspot.com/2012/02/apartment-update-and-3-year-outlook.htmlMulti #1noreply@blogger.com (Anonymous)Tue, 14 Feb 2012 07:40:00 -0800tag:blogger.com,1999:blog-433298737657252993.post-3215586888334232068As Another Investor predicted about 2 hours before it actually happened, investors in the Houston apartment complex got a request to contribute more cash. The management company is asking for a total of $250,000 more from investors to make it through the year. Management sent out budget projections for 2012 through 2014. The projections assume the complex will be sold at then end of 2014. (The 0http://earnmoneyfromblog1.blogspot.com/2012/02/first-update-of-2012.htmlnoreply@blogger.com (Anonymous)Mon, 13 Feb 2012 13:11:00 -0800tag:blogger.com,1999:blog-433298737657252993.post-3123187784625304266 Wow.. I can’t believe I haven’t updated this blog since December! Truth be told, there isn’t much happening. My three outstanding hard money loans continue to pay on time. I haven’t received an update on the Houston apartment since last time, so there isn’t a whole lot to tell there. I’m assuming performance of that still sucks or we would have heard something. I did make a decision to go a bit 0http://earnmoneyfromblog1.blogspot.com/2011/12/apartment-update.htmlMulti #1noreply@blogger.com (Anonymous)Thu, 29 Dec 2011 11:45:00 -0800tag:blogger.com,1999:blog-433298737657252993.post-8661725124561991342Received the November report for the Houston apartment complex and it was not good. Occupancy has dropped to 89% with 26 move-outs, 12 of which were without notice. So rent concession costs increased to fill the empty units. Expenses are still going lower, which is a small positive. Some exterior wood replacement needed to be done that cost $31,000 but that was paid directly from the replacement 0http://earnmoneyfromblog1.blogspot.com/2011/12/and-now-for-something-completely.htmlKivaprosper.comnoreply@blogger.com (Anonymous)Fri, 23 Dec 2011 06:22:00 -0800tag:blogger.com,1999:blog-433298737657252993.post-1933652657745725517I wasn't going to write about this, but since it's the holiday season, I figured now would be a good time.About a year ago, I came across Kiva.org, a microlending site. It's similar to Prosper.com in that it works by people lending money to other people. The difference is the other people are in third world countries and are taking small loans to help improve their situation by opening or 0http://earnmoneyfromblog1.blogspot.com/2011/10/hard-money-22-started.htmlHard Money #22noreply@blogger.com (Anonymous)Mon, 31 Oct 2011 12:50:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-7129846756229741313It took just about a week, but my funds from HML #17, which closed on the 21st, have found a new home.Our best borrower picked up a triplex at a foreclosure auction. The property is in San Lorenzo, California and went at auction for $331,000. Our loan is for $210,000. The property square footage is about 2,600 although the MLS listing for it does not give a square footage. As we did with the last0http://earnmoneyfromblog1.blogspot.com/2011/10/hard-money-21-started-17-closed.htmlHard Money #17Hard Money #21noreply@blogger.com (Anonymous)Mon, 24 Oct 2011 08:41:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-1071593408308429505Well, since the last loan fell through due to the property owner filing bankruptcy prior to the foreclosure auction, I had some funds available for a loan. Luckily, my partner found a good one fairly quickly.This is an occupied duplex in Hayward, California. As it's occupied, we don't have any indication of the state of the interior, but the exterior looks to be in good shape and looks to be well0http://earnmoneyfromblog1.blogspot.com/2011/10/hml-20-started-possibly-updated.htmlHard Money #20noreply@blogger.com (Anonymous)Mon, 17 Oct 2011 10:22:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-4905877556878536453I've been falling a bit behind on my blogging here. A hectic pace at work and a recent battle with the flu have been sucking up all my time. But today I managed to squeeze out a few minutes so here's the latest...Back in the first week of October, my partner found another property to lend on. This is a single family home in San Leandro, California. The exterior looks to be in good shape, but the 0http://earnmoneyfromblog1.blogspot.com/2011/10/latest-update.htmlnoreply@blogger.com (Anonymous)Mon, 3 Oct 2011 07:38:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-4935699320307091889Got a request from an escrow company for a payoff amount on hard money loan #17, so that should be closing soon. Another short loan - just 5 months.Got an update on the Houston apartment complex a couple of weeks ago for the month of August. It wasn't a good month. Our occupancy stayed stable at 93%, but expenses were up. The main culprits were higher utility bills during the summer - water and 0http://earnmoneyfromblog1.blogspot.com/2011/09/hml-18-closed-yesterday.htmlHard Money #18noreply@blogger.com (Anonymous)Fri, 16 Sep 2011 07:56:00 -0700tag:blogger.com,1999:blog-433298737657252993.post-4932426158637347095Supposedly HML #18 closed yesterday. My partner should see the funds hit his account today. This was a pretty short loan - only 3.5 months! On to the next investment!0