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RESIDENTIAL LENDING NEWSLETTER

Volume 8: Issue 6 | July 22, 2019

You are receiving this letter because you are a client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. Today we'll discuss how and why artificial intelligence might exterminate mankind in less than eleven more years. We also have lots of cute, clean jokes, some funny pics, and an interesting video about Jean-Claude Van Damme. Did you know that he was a professional kick boxer before becoming an actor?

Joke Du Jour

After eight days of backpacking with my wife Linda, we were looking pretty scruffy. One morning she came to breakfast in a baseball cap, her shoulder length hair sticking out at odd angles. "Terry," she said, "does my hair make me look like a water buffalo?” I thought for a moment, then said, "If I tell you the truth, do you promise not to charge?”

Business Purpose Rental Home Loans in Most States

Apply Now! Please pay special attention to the following: Unlike other hard money brokers, Blackburne & Sons Realty Capital Corporation makes home loans with a 15-year term (30-year amortization), and there is NO prepayment penalty. Our competitors make just three-year or five-year bridge loans. Our loans are clearly better because you may want to hold the property. These loans are sometimes known as buy-to-rent loans.

Historically, Blackburne & Sons was mostly a commercial lender. This has now changed. We are aggressively aggressively seeking non-owner occupied home loans. We have already closed loans in the following states, and our attorney can quickly research your state to verify that we can lend there. Unfortunately, in a handful of states, an NMLS license is not enough.

What about YOUR state? If you have a real-life deal, we’ll hire our attorney to quickly research its availability.

The property has to be non-owner occupied, and the purpose of the loan must be for business. Remember, the nice thing about business purpose home loans from Blackburne & Sons is that our loans have a 30-year amortization, a 15-year term, and no prepayment penalty.

Call or email your favorite loan representative by clicking their picture:

(916) 338-3232

Death Valley Joke

While driving a truck, I once had to make a delivery to Death Valley, California. When I arrived it was 128 degrees Fahrenheit. After just a few minutes I was so miserable I was afraid I was going to die. After a couple hours, it was still 128 degrees, but I was so miserable that I was afraid I wasn't going to die.

Fifteen-Year Fix-and-Flip Loans for Residential Properties 

- Today's Observation -

Artificial Intelligence Might Kill Us All

Here is what Stephen Hawkins wrote about AI shortly before this death. He told the BBC, "The development of full artificial intelligence could spell the end of the human race." Here is what Elon Musk, arguably the Thomas Edison of our day, has said about AI. Among his many warnings about the rise of artificial intelligence, Elon Musk has said that autonomous machines are more dangerous to the world than North Korea and could unleash “weapons of terror.” He has compared the adoption of AI to “summoning the devil.”

It could happen so easily that I don't know how we can prevent it. Soon computers, armed with artificial intelligence, are going to start writing their own code to make themselves smarter. This is so important that I am going to say it again. Soon computers, armed with artificial intelligence, are going to start writing their own code to make themselves smarter. 

The moment this happens, it's game over. We have an intelligence explosion.

According to Wikipedia, an intelligence explosion would happen when an upgradable intelligent agent (such as a computer running software-based artificial general intelligence) enters a runaway reaction of self-improvement cycles, with each new and more intelligent generation appearing more and more rapidly, causing an intelligence explosion and resulting in a powerful superintelligence that would, qualitatively, far surpass all human intelligence.

Such an event could happen unbelievably fast. Moore's Law is a computing term which originated around 1970. The simplified version of this law states that processor speeds, or overall processing power for computers, will double every two years. Now imagine what would happen if - because really smart computers were writing their own self-improvement code - processing power doubled every month, and then every week, and then every day, and then every hour, and then...

Such an event is called The Singularity - a hypothetical future point in time at which technological growth becomes uncontrollable and irreversible, resulting in unfathomable changes to human civilization. Remember, in the 2010s, public figures such as Stephen Hawking and Elon Musk expressed concern that full artificial intelligence could result in human extinction. Human extinction! Why would this super-intelligence want to kill us? Because by then we will be desperately trying to shut it down.

"Well, that's really far in the future. This risk really doesn't affect me." Really far in the future? Hmmm. The concept and the term "singularity" were popularized by Vernor Vinge in his 1993 essay, The Coming Technological Singularity. In this article, Vernor wrote that the technological singularity would signal the end of the human era, as the new superintelligence would continue to upgrade itself and would advance technologically at an incomprehensible rate. Vernor also wrote that he would be surprised if it occurred before 2005 ... or after 2030!

Read more here.

Crazy Cab Drivers Joke

Anyone who's ever ridden in a cab in Washington, DC, knows they're some of the world's most brazen drivers. Oddly enough, though, their current accident rate isn't all that bad. I asked one of the drivers one day the reason for that. "Easy," he said. "All the really bad drivers are dead now.”

Are You Wise Enough To Pay Attention?

There are literally hundreds of private money mortgage companies out there today, and you can probably get a decent loan from most of them. But here’s the thing. Virtually all of these hard money shops are newbies (since 2009), and they are funds. The problem with hard money mortgage funds is that they don’t survive recessions. As soon as a recession hits, the investors rush to withdraw. Suddenly the hard money shop running the fund has no money with which to lend and earn loan fees. With little income coming in, the hard money shop closes.

Report Card Joke

A schoolteacher's son brought his report card home. The father said, "Let's see what you have accomplished…" He opens the report and to his dismay sees all bad grades. "What do you have to say about this Johnny?” “Well, Dad, at least you know I'm not cheating!”

Hungry for Commercial Loans Too

Blackburne & Sons is also looking for hard money first mortgage loans - up to $1.5 million - secured by commercial properties nationwide. Our private money loans almost never have a prepayment penalty. 

Click here to submit a quick application.

Early Morning Joke

My neighbor rang on my doorbell at 3:00 am... can you believe it!? Luckily I was still up playing the drums.

Promotion Joke

While visiting my son on his Army base, I chatted with a colleague of his. "What rank are you?" I asked. 

"I'm relieved to say that I've just been promoted from captain to major.”

"Relieved? Why?”

"Because," he replied, "my last name is Hook."

The Blackburne List - Freshly Updated in 2019

The Blackburne List is a list of over 2,500 commercial lenders located nationwide. It is available for purchase for just $79.95. Is money tight? You can also buy one of our three Regional Lists (750+ lenders) for just $39.95.

Relationship Joke

I made a graph of all my past relationships… It has an "ex" axis and a "why" axis.

Too Busy to Broker Commercial Loans to Us? Refer Them Instead!

We once paid a $21,250 referral fee. Here is our referral fee program.

Video - Jean-Claude Van Damme Was a Fighter Before Actor

Final Funny

A New York attorney representing a wealthy art collector called his client and said to him, "Saul, I have some good news and I have some bad news."  The art collector replied, "I've had an awful day.  Let's hear the good news first." 

The attorney said, "Well, I met with your wife today, and she informed me that she invested $5,000 in two pictures that she thinks will bring a minimum of $15-20 million.  I think she could be right." 

Saul replied enthusiastically, "Well done! My wife is a brilliant businesswoman! You've just made my day. Now I know I can handle the bad news. What is it?"  The attorney replied, "The pictures are of you with your secretary."

A member of the Blackburne Family of Companies

4811 Chippendale Drive, Suite 101

Sacramento, CA 95841

P: (916) 338-3232

F: (916) 338-2328

CA DRE #829677 // NMLS #103430