What Are They Thinking? Crazy Questions from Borrowers
1. “How much does my property have to be worth to borrow how much”? 2. “Can I borrower under an assumed name”?…
What They Say and What They Really Mean
1. “I’m looking to utilize the greatest leverage possible”………. “I have no money to put into the deal” 2. “The seller and…
The 5 Biggest Lies About Financing Told By Real Estate Gurus
1. That you can buy real property with no income, bad credit and no money. 2. That you can “over leverage” a…
The Five Greatest Borrower Delusions
1. That they can borrow 100% of the purchase price because “the property’s worth double that” 2. That the property they’re purchasing…
The Most Ridiculous Loan Packages I Ever Received
5. A list of loan requests copied and pasted from Scotsman Guide with the broker adding a note to include 3 points…
Five Top Signs that You Should Not Waste Time With a Borrower
5. The first thing he tells you is that the last four brokers he worked with were crooks 4. He objects to…
Rents can “Easily be Raised”?
Almost every seller out there says that he’s renting his property below market and “rents can easily be raised”. Sometimes this is…
When is a “Hard Money Loan” NOT a Hard Money Loan
Different private and hard money lenders have different criteria for approving and funding a commercial mortgage loan. Most people in the commercial…
THE TOP 5 CRAZY BORROWER QUESTIONS ASKED IN 2018
5. If I use your capital and pay the interest, will you fill out my tax return? 4. If you don’t deal…