Is This Possible or Am I Dreaming?

[DeAngelo Melone]

Hello BP world! I recently saw this webinar (not on BP) about the RE market beginning to correct itself close to Q3 of 2020 and how this will affect many investors seeking funding for their deals. Their reasoning for this was that this would create a tremendous buying increase and limit funding from traditional resources. Another issue that was raised was how homebuilders were having extreme difficulty in finding skilled laborers which was raising the cost of construction (not sure how that was correlated but ok). The opportunity that was being shared was how private funding would be a main source of funding for investors and anyone with the right set of skills and information could be of service to both parties. The main point of it all was to bringing these two together (private money broker/no license required) thus being a loan originator and receiving a 3% fee for you services. Has anyone ever heard of this before? Is this real? And if so, what prevents anyone from just basically going around the middle man to get the loan? To be honest, this did peak my interest for a few reasons and here they are:

1. Being able to earn income while on my way to getting my first rental property deal done.

2. To use this capitol for positioning myself as best as possible for my own deals

3. To network with people and build relationships.

4. To gain real life experience in RE that may be invaluable.

Outside of all this I am still interested in if there are any ways to create income in RE while in route to my first deal. Curious as to what problems I could solve or make more simple for the many different processes involved in RE transactions. So to stop being so long winded my post is really more about where is the opportunity for me to leverage my high level of interpersonal skills, relationship building, ability to communicate effectively and work ethic in to an advantage for me and whomever I can help along my journey. Let me know.

Thanks for Listening,

DeAngelo