Comments for Access To Private Money

Comment on Forming a Private Investment Fund? by Henry

Henry — Sun, 12 Feb 2012 10:56:09 +0000

Not enough. Contact Bernie Madoff to find out how to really make money.

Comment on I have to write a thesis and this is what I am planning on writing and I would like some feedback.? by Alec

Alec — Sun, 12 Feb 2012 04:27:37 +0000

ABSOLUTELY EXCELLENT! SEE MY SOURCES

Comment on Which business idea should I start? by Mah Happiness

Mah Happiness — Sat, 11 Feb 2012 22:33:11 +0000

Comment on Question: I need to have a $25,000 Surgery, Will owning two homes with high equity help me to approve for this LOAN? by Robbo

Robbo — Sat, 11 Feb 2012 11:37:49 +0000

Your equity position in your two houses will definitely secure a loan for you. A lender (bank, mortgage lender, or hard $ $ lender) wants security for a loan. A signature loan (such as a hard $ $ loan) will have the highest interest rate. The better the security for the loan and the better your credit, the lower will be your interest rate. Equity in real estate is probably the best security for a loan, so if you don’t want to encumber your real estate, what do you want to pledge to this loan? Look at home equity loans on your real estate, or look at a cash out REFI at currently low interest rates (probably lower than your hard money loans) – you may need to seek a credit partner to qualify, but with substantial equity in the property, I wouldn’t think so.Good Luck, Robbo

Comment on Question: I need to have a $25,000 Surgery, Will owning two homes with high equity help me to approve for this LOAN? by Expert Realtor

Expert Realtor — Sat, 11 Feb 2012 11:07:59 +0000

The surgery sounds cosmetic, otherwise your insurance would cover it. The problem is that you cannot refinance either home to get cash out b/c you have both homes listed…and as you well know, banks won’t do that.You are going to be paying more if you get a loan, period. Banks aren’t going to give you a HELOC either, b/c you have the houses listed. Banks usually won’t refinance or give a HELOC if the home has been listed in the last year.You most likely won’t qualify for an unsecured loan with your credit score.I have no idea of where you can get the money….

Comment on Question: I need to have a $25,000 Surgery, Will owning two homes with high equity help me to approve for this LOAN? by davidlitterick

davidlitterick — Sat, 11 Feb 2012 10:52:36 +0000

If you are having problems selling your property, you could always try seller financing or use a land contract to sell the property. There is only one way I know of protecting yourself is by ensuring that the buyers have enough of a downpayment to ensure that they ‘care’ about the property enough not to lose their investment. Make sure you also put the house into trust to ensure that you are protected from any personal liability should the buyer be sued for something that happens on the property. A lease option will not cover it here because you will typically only get around 3%-5% down at best which wouldn’t be enough to cover the cost of your medical care. Seller financing on both properties should enable you to receive around 10% down, which is pretty standard with lenders nowadays, and provide enough cashflow to ensure that the underlying loan is getting paid every month. David Litterickwww.ShortSaleServicesForRealtors.com

Comment on Should I buy Blackstone’s stock(BX) now? by brad

brad — Sat, 11 Feb 2012 04:18:25 +0000

I’d stay away. I bought the best of breed in the past year and have been burned by both GS and MS. I bought before all the financial craziness came out and I traded GS a little after the huge drop from 180 to 150′s and am just holding my long to hopefully break even. Never buy a lot of shares at once. use a cheap online broker, low commissions and average down. Personally I wouldn’t touch anything finvial related right now until we see a little turn around in the market. BX is in no way best of breed. GS is. Blackstone dropped that much from their ipo for a reason. I don’t believe they’re in danger of going bankrupt at all. Not now at least. BX is not at a lifetime opportunity. there are a ton of better companies out there in this trash market that are much better opportunities. Don’t make a quick decision on any picks in this market. 10 years from now? I doubt bx could ever hit 100, but nobody knows. look at the historical low multiples gs and ms have had. And they’re better than bx. One last thing to remember; I’m an experienced investor. I’ve invested, traded for the last 7 years. many others out there far longer than me. But we have never. never, never seen a market like this in our lifetime. With such huge continuous drops. We can even hold positive on good day with IBM pre-announcing good earnings.

Comment on Q&A: If the mortgage on my home was paid off by the federal reserve why do I have to pay my mortgage? by Monte P

Monte P — Sat, 11 Feb 2012 00:03:46 +0000

>>I pay private mortgage insurance and the bank collects their 80% of the loan shouldn’t I only owe the remaining balance? It would be fraudulent to say I owe the whole amount Right! After all that’s what insurance is for Right!<

Comment on Q&A: If the mortgage on my home was paid off by the federal reserve why do I have to pay my mortgage? by DIEGO

DIEGO — Fri, 10 Feb 2012 23:50:17 +0000

Well if the debt is paid off then you should not be paying it .

Comment on Q&A: If the mortgage on my home was paid off by the federal reserve why do I have to pay my mortgage? by STEVEN F

STEVEN F — Fri, 10 Feb 2012 23:19:26 +0000

Your mortgage was NOT paid off. It was PURCHASED by the government. The ONLY thing that changed for YOU is who you owe the money to.