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…
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…
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’…
EDUCATING POTENTIAL BORROWERS
I feel like commercial mortgage brokers and commercial mortgage lenders need to do a better job of educating potential borrowers about what…
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…