Posted by Ed Garcia on June 13, 2006 at 10:59:43:
What is your viewpoint/position on minimum amount hard money in low priced areas. Such as ~ 50k.
I have no problem with low price areas. They experience little appreciation so you have to make your money on the buy. To do an adequate job of lending Hard Money in these types of areas you should be a local Hard Money Lender.
Cork, as for the most of your post, it seems as though you were expressing your opinions or perhaps venting. If you should need help or to talk to me, you have my phone number.
When you make reference to fast nickels, slow dimes.
The term is ( A fast nickel is better then a slow dime) meaning you can make more money turning deals then just sitting on them for appreciation that may or may not come.