03.17.2013 – Investors Buy Lots of Lots

 

 

Buying a house can be a challenge in today’s market. Source Capital can help!

I have shared in my blog before about the increase in home purchasing being done by real estate investors. Now I’m going to add vacant lots to the equation. Although, we could have assumed this, it always seems to make facts more real when specific reports are made. Below is a link to an article citing one such instance. An investment group, which includes a local homebuilder, just purchased 41 residential lots in a gated community in Rancho Sante Fe, a beautiful and prestigious area of San Diego County.

 

Read the article in its entirety about the investment group’s Rancho Sante Fe purchase.

If you have been thinking of buying property to build your dream home, you may want to think fast! Real estate investors and developers continue to be aggressive competitors in the marketplace, and are employing clever marketing strategies, snatching up property right and left. There seems to be no signs of them slowing down either. As the prices rise, so do their purchasing speeds. I know I must sound like a broken record, but if you are thinking of buying, the time really is now! The inventory continues to lessen. Not only available homes, but also land, as well as multi-family housing and commercial property. It’s not too late to take advantage of the market, your choices are just slimmer and the competition is now greater.
 
 Okay. So you have found the property you want and are ready to purchase. If you are not one of the cash in hand buyers, you will need to find a funding source. In today’s market, timing is absolutely everything and a big part of that is timeliness. Not only will you need money to finance your purchase, but to compete with all cash buyers, you will need to get money fast.
 
 Although I have read reports of banks granting more real estate loans, as of late, there are still hoops to jump thorugh. If you are one of granted financing you will have to wait. While waiting, you may lose out on your dream purchase, as buyers with cash swoop in and steal the sale. Source Capital, not only can help with obtaining a loan, they can get you one faster than traditional banks.
  
Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. They not only assist buyers with real estate purchases, but because they are a private lender andnot a large institution, they don’t have to wade through strict red tape to get you your loan. This allows them to grant loans in less time, making you more competitive in today’s market.
 
 Source Capital lends in Rancho Sante Fe and throughout San Diego County and in all major cities in California, including, Los Angeles, San Francisco,  Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this  convenient online form.
 
You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. Happy St. Patrick’s Day everyone! I hope you remembered to wear your green! –Sindi Somers

3.11.2013 – Going Green. Literally.

Sure. Why not. Plant a garden in a shoe! While you're at it, try live greenery on a wall or roof!

Okay, so let’s say you have the home or office building you’ve wanted and you want to do something different. Have you considered adding a garden wall or green roof? I actually don’t remember ever seeing these living structures in person, but I can picture them. And I like the picture!

In researching what’s new in real estate, I came across this interesting article in the Union Tribune San Diego. It highlights two affiliated San Diego based companies that create “living walls” with plants, as well as specializing in rooftop gardens. If you have been thinking of adding that something special to the home you live in or perhaps a piece of property you are sprucing up to sell, this could be the answer!

Read the article featuring San Diego, California based companies, Good Earth Plants and Greenscaped Buildings, in its entirety and find out how to literally, go green!

A living garden wall and/or rooftop garden, could be yours!

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. They not only assist buyers with real estate purchases, but they also provide construction loans. If your are intrigued by the thought of adding a plant wall or rooftop garden to your construction plans, don’t let lack of funding stop you! Contact Source Capital.

Source Capital lends throughout San Diego County and in all major cities in California, including, Los Angeles, San Francisco,  Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. I think living garden walls and green roofs are a fun option to add to a home, office or other building location. If there is topic you would like me to blog about, contact me at ssomers@hardmoneyfirst.com. Happy Monday! Enjoy your week! –Sindi Somers

3.6.2013 – Money to Spend

San Diego County has so much to offer! If only there were more homes for sale!

I know a very nice couple that is desperately trying to buy a house in San Diego County. They are San Diego natives and qualified buyers, ready to spend! The problem? Low inventory and all cash buyers!

The first issue they have run up against is lack of suitable homes. They are having a hard time finding property in their area of choice that meets their needs. Then, once they find something they like, they are often shut out of deals. Sometimes they are late to the table after a cash in hand buyer walks away with the sale. They have also found that some want to take advantage of the competitive market hoping that offers from multiple buyers will create a bidding war, driving the price higher than it already is. I am sure there are other scenarios that are ever present in today’s real estate market, but you get the picture.

I have been reporting on this challenge for buyers and now I have seen and heard of it first hand within my personal circle of friends. In case you were skeptical, let me confirm, this is a very real issue for buyers in today’s market. If you are looking to purchase real estate, have a few choices, and do not expect to get your first selection, be prepared to make your offer as soon as possible. Remember back when there was an overabundance of homes at ridiculously low prices? That is changing. Correction. That has changed!

Since price is determined by supply and demand, property prices continue to rise. With a decrease in foreclosures and short sales and an increase in investor activity, the housing selection is sparse. As the economy improves, more people want to fulfill their real estate purchasing goals. More people ready to buy, but less available to buy. Our strong buyer’s market is turning into a seller’s paradise.

Lack of supply and the growing competition with cash in hand buyers can be frustrating. That along with the stringent policies of traditional banks can make it seem nearly impossible to make a purchase. If you are ready to move forward and lack of funding is one of the things in your way, consider Source Capital and our user-friendly trust deed loan programs.

Even with the challenges I’ve cited, with the continued property price increases, the story still remains; the sooner you buy, the better. If you are in need of funding for your purchase, due to a previous bankruptcy, foreclosure, short sale or other credit glitch, consider a trust deed loan with Source Capital. Not only are we able to supply loans when traditional banks can not, we historically have a much faster loan process, from beginning to end. This may help when dealing with the competition of those all cash buyers!

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. Source Capital lends throughout San Diego County and in all major cities in California, including, Los Angeles, San Francisco,  Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. I hope you are enjoying your week, as we venture into our new month of March! –Sindi Somers

02.28.2013 – What Buyers Want

Home builders are eager to please buyers in the current market.

Although the economy has had an impact on what many of us can and can’t by, when given the choice, we still have preferences. The increase in real estate purchases and the higher prices of property purchased has added excitement and new life to the market. To best serve buyers and investors, builders are interested in what amenities are most sought after currently.

The CNBC article at the link below highlights the topic of desired amenities and what builders are doing to help accommodate the positive changes in the marketplace.

Builders comment on what buyers want in today’s market.

With the continued property price increases, the sooner you buy, the better. If you are in need of funding for your purchase, due to a previous bankruptcy, foreclosure, short sale or other credit glitch, consider a trust deed loan with Source Capital. Not only are we able to supply loans when traditional banks can not, we historically have a much faster loan process, from beginning to end.

Please also keep in mind that if you already own a home or you want to do some remodeling on the home you end up buying, Source Capital offers construction loans too. Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. Source Capital lends in all major cities in California, including Los Angeles, San Francisco,  San Diego, Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. I hope your last week of February was a good one. Tomorrow is March 1. I hope you enjoy your first weekend of the new month! –Sindi Somers

2.26.2013 – Housing Market Recovery

The San Francisco, Los Angeles and Phoenix housing markets continue to show positive gains.

I like to bring you the most current real estate news, but lately I feel like I am just repeating myself over and over with talk of price increases and a healthier market. I am sorry if I am being redundant, but the real estate market keeps improving!

The housing market strengthened in the last quarter of 2012, but it hasn’t stopped with the arrival of the new year. January showed an even greater increase in home sales, demonstrating that we are continuing to move upward and onward.

An article from CNN Money reports on the positive gains in both 2012 and 2013. It cites Los Angeles, San Francisco and Phoenix as three of the U.S. cities having the biggest visible jump. Read the article in its entirety at the link below.

The U.S. real estate market continues to show price and sales increases.

As prices continue to rise, it is obvious that the sooner you buy, the better. If you are in need of funding for your purchase, due to a previous bankruptcy, foreclosure, short sale or other credit glitch, consider a trust deed loan with Source Capital. Not only are we able to supply loans when traditional banks can not, we historically have a much faster loan process, from beginning to end.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. Source Capital lends in all major cities in California, including Los Angeles, San Francisco,  San Diego, Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. We are now just days away from March. It will be interesting to watch the real estate market, as it continues to change. Tune in to the Source Capital blog for the most current updates and information. Enjoy the rest of your week! –Sindi Somers

2.21.2013 – Hard to Buy in San Diego

Beautiful San Diego waters are just one of the many things to love about living here.

As I have mentioned in previous blog posts, the market is becoming increasingly competitive with the number of cash in hand buyers. If you have to wait for a loan to be approved and/or the approved money to be available, you are no match for those that already have the funds. This can be frustrating and lead to even the most qualified of buyers missing out on making the sale.

In keeping with this topic, I wanted to share the Fox5 article at the link below. It highlights the San Diego market and some strategic tips to help get your real estate offer noticed.

Tips on How to Get Your Real Estate Offer Noticed

Even if the tips in the article don’t give you the help you need, you still have other options. Source Capital’s trust deed loan program can help you avoid the lengthy loan process found at traditional funding institutions. This could be the edge you need in today’s competitive marketplace.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. Source Capital lends throughout San Diego County and in all major cities in California, including Los Angeles, San Francisco,  Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. We are at the end of another week and nearing the end of another month in 2013. Hope you enjoy your weekend and the last week of February! –Sindi Somers

2.18.2013 – The Inland Empire Challenge

You need money fast to compete with cash in hand investors. Source Capital can help!

Some people are not just thinking about buying a home, they are 100% ready to make their purchase. Unfortunately in some areas of the country, being prepared is not enough in today’s market.

Although property prices are on the rise throughout the United States, prices are still lower than we once ever imagined they would be. In buyer’s markets, such as the Inland Empire of southern California, investors with cold hard cash are swooping in on good deals without warning, walking away with other people’s dream homes.

California’s Inland Empire has a limited number of available properties due to this situation. More details can be found in a Los Angeles Times article covering this topic. You can read it in its entirety at the link below.

Inland Empire Housing; Affordable, but Unavailable

Whether or not you qualify for a traditional bank’s home loan program, you may need to get your hands on cash faster than realistically possible with a bank loan. If you need money fast, there is an another viable option for you. Source Capital’s trust deed loan program, which can help you avoid the lengthy loan process found at traditional funding institutions. This could be the edge you need in today’s competitive marketplace.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. Source Capital lends in the Inland Empire and all major cities in California, including Los Angles, San Francisco, San Diego, Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. I hope you enjoyed your President’s Day today. I know it was a day off for some of you giving you hopefully a wonderful, long weekend. Whatever you did today, I hope that your new week is off to a great start! –Sindi Somers

2.16.2013 – So Cal Homes

The trend continues with a decreased number of foreclosures and short sales and an increase in interested parties. This continuing pattern is causing the prices to rise in the southern California housing market. You can find more details in the recent Los Angeles Times article at the link below.

More About the Rising Southern California Home Prices

Whether Santa Barbara, Los Angeles or anywhere in southern California, home prices are on the rise.

Whether you are looking for a new home in Santa Barbara, Laguna Beach, Los Angeles or anywhere in southern California or you are looking for a sound investment opportunity, Source Capital may be able to help. If you are in need of funding and traditional banks have closed the door on you, you will find that Source Capital has theirs wide open. We look at the big picture and know that good people have bad credit. We want to hear your story. We will try our best to make it work. Maybe your credit is fine, but you need a loan fast. Source Capital is able to provide loans faster than banks because we don’t have to wait for decisions from someone else. We make them ourselves.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California or Arizona. Source Capital lends in all major cities in California, including San Francisco, San Diego, Los Angeles, Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn even more about us on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. Happy weekend, all! –Sindi Somers

2.13.2013 – A Healthy Phoenix Market

There is much beauty to go along with the vitality of the housing market in Phoenix, Arizona.

As I have reported in previous blogs, the real estate market in many areas of the United States is getting healthier. Since Source Capital is licensed to handle trust deed loans in Arizona and California, those are usually the areas I cover.

Today’s research led me to the article at the link below highlighting the healthy market of Phoenix, Arizona. With a decrease in foreclosures and short sales leading to less inventory, prices are on the rise. Again, less supply with a maintaining or increasing demand, drives the prices up in real estate, as in any industry.

Read the article in its entirety at the link below.

Learn more about the vitality of the Phoenix, Arizona Housing Market.

Whether you are looking for a new home in Phoenix or anywhere in Arizona or California or you are looking for a sound investment opportunity, Source Capital may be able to help. If you are in need of funding and traditional banks have closed the door on you, you will find that Source Capital has theirs wide open. We look at the big picture and know that good people have bad credit. We want to hear your story. We will try our best to make it work. Maybe your credit is fine, but you need a loan fast. Source Capital is able to provide loans faster than banks because we don’t have to wait for decisions from someone else. We make them ourselves.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout Arizona and California. Source Capital lends in all major cities in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale and also in California, including San Francisco, San Diego, Los Angeles, Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn even more about us on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. I hope you are having a great week so far! –Sindi Somers

2.11.2013 – Real Estate Education

Find the house of your dreams, then let Source Capital help you fund it.

In researching for this blog, I have vastly increased my real estate knowledge. As the market has changed, my goal has been to keep you up on what’s happening and where. As I learn along the way, I enjoy sharing information with you.

Below is a link to an article featuring the top 15 most popular real estate websites. You may have come across others, but this list includes information on both property for sale, as well as rental information. Looks like a pretty good list. I did notice that one of my favorites isn’t on there… Source-Capital.com!

Check out the top 15 real estate related websites!

Whether you are tired of renting, looking for a second home or wanting to find the next best investment opportunity, Source Capital can help. If you need funding to help make your dreams come true, you may have found your answer.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout Arizona and California. Source Capital lends in all major cities in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale and also in California, including San Francisco, San Diego, Los Angeles, Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside. If you need a loan fast and want a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact us  at 858.705.6144. You can also email us using this convenient online form.

You can learn even more about us on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. I hope you had a great weekend and that your Monday was full of promise for a fulfilling week! –Sindi Somers