The Hard Money Edge

Flippers are paying up to 68% of after-repair value while more of them sell below it. Chris Anderson on why Massachusetts investors should underwrite off the last 90 days of closed sales, plus rates, rehab costs and this week's auction calendar.

We do not broker. We do not sell. We are the money. First Position By Chris Anderson The ten-year Treasury fell fifteen basis points last week. The thirty-year mortgage did not move a basis point. Freddie Mac printed 7.40 percent on Thursday, the same as the week before. The bond market gave back fifteen basis points. Your borrower’s exit got none of it. That gap is the spread, and it is now 231 basis points over the ten-year, up from 186 three weeks ago. Lenders are not pric