Posted by Shane on February 06, 2002 at 13:23:44:
First off I’m not new to real estate investment. Your effort to disqualify my opinion by attempting to portray me as an investor, “with little or no experience,” is both insulting and unprofessional. I am new to this site. I was attracted here by a client who was so misinformed that I was curious what information was currently available on different message boards. I have read many of Ed Garcia’s posts and as of yet have found none that are misleading or uninformed. Let me ask you this, being a hard money lender you never ran across a client who would have been better off with conventional financing? As an experienced loan officer that does consulting for one of the largest real estate investment groups in the country I have ran across many people who were better suited by hard money than conventional financing and I told them so. Have you ever done the same? You are wrong in your contention that I dislike hard money. I have personnally on occasion used hard money. My point is that many people use hard money unnecessarily. The reason for that is because some individuals misinform the public that hard money is the best way to handle any rehab deal. IT ISN’T. I don’t attempt to mislead any of my clients. When someone comes to me for financing advice they get the best advice I can give not the advice that makes me the most money. I have a fiduciary responsibility to anyone that walks in my door as a potential client to provide them honest, efficient, and beneficial service. As evidence of my integrity I submit one final thought. I don’t sign my posts,
P.S. Because I am not soliciting, (as others obviously are) the above mentioned company is fictious and not my true place of business.