by Bob | Aug 25, 2021 | Uncategorized
I´m a community bank guy. Ok, ok yeah I worked for Citigroup for a bit in my 20’s, but at heart I am a community bank guy. I recently took a small long position in my personal account in County Bancorp, Inc. (ICBK). Nicolet Bankshares, Inc. (NCBS) is...
by Bob | Aug 18, 2021 | Non performing loans
I’ve previously discussed purchasing a basket of nonperforming second mortgages a few years ago. Below is a discussion of the reasoning behind the trade. My hope is this will begin to help you better understand how I broadly think about trade construction as...
by Bob | Jul 27, 2021 | Private Money
Institutional investors have become big players in the hard money business. They bring with them a huge appetite to buy loans. For example, Alphaflow purchases newly originated loans at up to 85% of the as is value, up to 90% loan to cost and up to 75% of the after...
by Bob | Jul 13, 2021 | Uncategorized
In funding real estate loans with my partners over the last year, it’s been interesting to talk with hard money lenders around the country. They have different models and very different costs of capital. One broad trend that I’ve observed is that most hard money...
by Bob | Jul 7, 2021 | Uncategorized
When I had a realtor drive by the house, prior to purchase, it looked like the owner was renovating it. In 2018 I started finding fewer investments that met my criteria. I had pivoted from flipping houses to building houses and it wasn’t the right fit for...
Recent Comments