Before the downturn, I worked with a lot of real estate investors and helped them do 1031 Exchanges. A lot of my investor clients wanted to buy properties outside the State of California, but all of the loan agents I worked with couldn’t accommodate them. In 2005 I saw an ad in a real estate newspaper for a guy with Bank of America, realized how big they are and thought, “I bet they can do loans out of state…” Sure… read more →