Hi All:

The US election is now behind us and the souring US economy is in front of us. Is it a recession? No, I think it’s a depression — and I’m not alone in this thought.

On Monday, 11/10, Circuit City filed for bankruptcy protection. And I was just about to buy an external hard drive from them… oh, wait, that could help them still, yes?

I had a friend ask me about mortgages just the other day because she’d found a property to buy that she really liked. After all, the real estate market is very definitely a buyer’s market right now.

But — and here’s the big BUT — she didn’t want to sit around waiting for a bank mortgage with the thought that another savvy investor might snap it up. If you’ve ever applied for a mortgage, you know that it can take 30-60 days to get it approved, all the paperwork done and then get final approval to close.

I’ve done some research and learned about a concept called hard money lending. I know! I thought the same thing: hard money as opposed to what? Soft money?

But there’s a great book out there — and it’s even digital so you can download it at 4 AM — called Hard Money. Looks interesting so I thought I’d pass the info on to you.

Check it out at: www.hmlbook.com

Have a great day!

Victoria