The Five Biggest Frustrations for Mortgage Brokers
5. Borrowers who decide to “go a different route” after you spend 20 hours sourcing their hard to finance loan 4. Loan…
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…
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…
HOW COMMERCIAL MORTGAGE BROKERS CAN EARN $250,000 (or more) ANNUALLY
After 20 years as a private mortgage/hard money direct lender, I have dealt with over one thousand commercial mortgage brokers. The most successful…
PART 2 – MORTGAGE BROKERS: Most UNPRODUCTIVE Use of Time
Part 2: Mortgage Brokers Most UNPRODUCTIVE use of time 1. Participating in a broker “Daisy Chain” 2. Dealing with borrowers who are…
MORTGAGE BROKERS: Most Productive Use of Your Time
Mortgage Brokers: MOST Productive use of your time: 1. Speaking with QUALIFIED borrowers 2. Developing relationships with ACTIVE lenders 3. Learning and…
WHEN CAN I OFFER SELLER FINANCING?
Q: Do I Have to Own a Property Free and Clear to Offer Seller Financing? A: 1. Buyer assumes existing note ‘subject to’…
MORTGAGE BROKERS: SHOULD YOU BE A GENERALIST OR A SPECIALIST?
The brokers that bring us loans can be classified as either specialist, i.e., the specialize in a specific industry type, like gas…
TYPES OF PROPERTY WE HAVE FINANCED IN LAST TWO YEARS
• Apartments • Auto Dealership • Auto Repair • Bowling Alley • Cabin Rentals • Campground • Convenience Store • Church •…
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…