Thu.Jul 21, 2011

Coaching Tip

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Putting Your Cash to Work in Real Estate

Coaching Tip

Dallas attorney Joey Messina has a side business some might find surprising: He uses his own money to make mortgage loans to people who banks likely would avoid. Across the U.S., some mom-and-pop investors are yanking money from retirement accounts and safe but stingy savings to take on the risk of becoming "hard-money" mortgage lenders. In the past two years, Mr.