Name: Rick Tobin

Email:

Web Site: http://www.thecreditcrisis.net

Bio: Rick Tobin has an experienced and diversified background in both the Real Estate and Securities fields for the past 25+ years. He has held seven (7) different Real Estate and Securities brokerage licenses to date. As a real estate investor, he has purchased numerous foreclosure properties in multiple states. These investments have included government and tax foreclosures, All Inclusive Deeds of Trust (AITDs), Land Contracts, Lease Options, and Rick has purchased significant amounts of mortgage investments. In addition, he was worked in the development of hundreds of residential properties over the years. These projects have included single family homes, town homes, condominiums, and apartments. Rick’s employs an extensive background in the financing of residential and commercial properties around the U.S. His funding sources have included banks, life insurance companies, REITs (Real Estate Investment Trusts), Hedge Funds, and foreign money sources.

Posts by this contributor:

    Creating Wealth from the Basement Skyward

    October 11th, 2016

    Investment Property Basement RehabHomeowners and investors today usually want to maximize their living space options whether they live within the property or lease it out to tenants. Owners must first learn the best ways to make space additions to their properties which can either add or subtract property value.

    Owners should seek out third party specialists who understand the requirements needed to modify or create brand new family rooms, kitchens, or bedrooms, garage conversions, basements, or livable attic space add-ons. Depending upon the home’s region, local building permits and inspections may be required first before any work starts.

    More landlords want to maximize their monthly rental income these days by leasing out empty bedrooms in the home where they live, or are considering modifying garage, attic, and basement space on their property for higher rental income. A property owner who decides to rent their attic or basement space to tenants can get into serious legal trouble for not following the local building codes or being aware of the environmental and interior home health risks. Read the rest of this entry “

    No Comments "

    The Time Value of Private Money

    August 26th, 2016

    investing-hard-money-reiclubIt does not matter how low or high the interest rate is for a desired mortgage loan if the borrower cannot qualify for the loan. Conventional 30-year fixed mortgage rates have hovered within the high 3% to mid-6% rate ranges over the past 10 years between 2006 and 2016. Money received today is much more valuable than money received in the future due to factors such as inflation.

    The median length of time for an owner-occupant with a 30-year fixed mortgage rate is 10 years. Right around 10 years, the owner is likely to pay off the loan by refinancing or selling the property. This average 10-year hold time for owner occupants is a key reason why 30-year fixed mortgage rates are tied directly to the 10-year Treasury Yields.

    However, non-owner investors or “fix and flippers” may only hold their mortgages in place for a few months or a few years. Private money, as a result, becomes very affordable due to the short closing and holding time averages. The brightest investors these days know how to find the most valuable and deeply discounted prices prior to buying the properties, improving them, and selling them as quickly as possible for a quick $50,000, $100,000, or $250,000+ profit once they truly have confidence in their funding sources. Read the rest of this entry “

    No Comments "

    Negative Rates & Positive Real Estate Returns

    March 2nd, 2016

    negative interest ratesThe financial world today in 2016 is unlike any other period of time in global history. We’ve seen wide-ranging price fluctuations since 2007 in all sorts of investment options such as real estate, stocks, bonds, oil, gold, silver, and other assets.

    Read the rest of this entry “

    No Comments "

    The Bond Between Money and Real Estate

    June 3rd, 2015

    bonds and real estate money houseThe mortgage and real estate markets are directly impacted by the directions of the bond market. What is a bond? The very root definition of a bond is that it is a form of a loan. A bond represents a promise by the borrower (the bond issuer) to repay the amount borrowed in addition to a rate of interest, and at a specific rate in the future. Read the rest of this entry “

    No Comments "

    How To Add Value To Real Estate – P2

    April 28th, 2015

    04-28-15 - value1The Value of Locations and Anticipated Future Returns

    Read the rest of this entry “

    No Comments "

    How To Add Value To Real Estate – P1

    April 21st, 2015

    addingvalueAdding Value to Real Estate

    Read the rest of this entry “

    No Comments "

    Be Positive With Real Estate

    April 6th, 2015

    think positive real estate investingIn today’s widely fluctuating economic and financial world, it is quite challenging to find investments that offer any true positive net annual returns. Many U.S. and European banks today are offering their customers anywhere between negative and just 1% savings rates. After factoring in increasingly escalating bank fees, taxes, and inflation rates, more and more people are earning NEGATIVE NET RETURNS each year.

    Read the rest of this entry “

    No Comments "

    How Non-Banks Are Replacing Big Banks

    October 6th, 2014

    non traditional bankSince the official start of the ongoing “Credit Crisis” back in the Summer of 2007, Private Money loans (debt, equity, and / or mezzanine) and Institutional Funds (i.e., Hedge Funds and Private Equity Firms) have provided more readily available access to funds for residential and commercial real estate investments than many of the largest U.S. banks. Non-traditional funding options have included individual investors (“Silent Partners” or Equity Investors), Crowdfunding, and Private Money or Hard Money Lenders. With Private Money, the collateral for the loan is seen, many times, as at least equally as important as the borrower’s qualifications, which provides more flexible underwriting guidelines as compared with Bank loans.

    Read the rest of this entry “

    1 Comment "

    Banks vs. Alternative Investments

    August 12th, 2014

    08-12-14 - alternative investmentsIn today’s convoluted and seemingly nonsensical financial world, “up is down” and “money = debt” partly due to how money is created here in the USA through our Central Bank. What is perceived as “safe” today and what is truly “risky” these days? Does the phrase “Backed by the FDIC (Federal Deposit Insurance Corporation)” seem as positive in recent years with all of the bailouts of financial entities and “Big Banks” over the past several years>

    Read the rest of this entry “

    1 Comment "

    Real Estate Investment: An Exceptional Inflation Hedge

    August 1st, 2014

    real estate investing inflationWhat is a better hedge against inflation than Real Estate? Do you remember when home prices were quite similar to today’s car prices? According to data released by the U.S. Census Bureau, the median priced U.S. home sold in January of 1963 was just $17,200. Ten years later in January 1973, the median U.S. home was still a quite low $29,900. Twenty years later in January 1983, the median U.S. home price increased significantly to $73,500.

    Read the rest of this entry “

    No Comments "