All Forum Posts by: LaMancha Sims

We form strong relationships will all our borrowers. This means occasionally meeting for lunch, phone calls to sincerely ask how they’re doing (with no mention of business), and taking an obvious interest in their success. Most borrowers are relatively insensitive to a point or percent and understand the value of the relationship. Not everyone is like that, however.

Every once in a while, we’ll meet a prospective borrower who tries to negotiate us down and squeeze every dime out of a deal. This is the telltale sign of someone who couldn’t spell the word “loyalty” and won’t be around very long. Nothing turns us off more and we won't waste the time. Our terms are fixed.

Even when the prices are good, few of us beyond the tightest of tight will shop where the service is lousy. We have no interest in doing business with them and have no problem attracting others who value a relationship.

@Jeff S. Well Said. I agree with everything you have said. Really like the fact that you do not cheapen your terms for what I call the fly by nite borrower.

1 Vote

@Dominic Pizzi which is more important... You have to pick 1.

The actual rate or the overall access to the capital that you need to fund the deal??

0 Votes

When you are picking which lender to finance your project...

What makes the difference in a Good lender and a Bad one? What are you looking for to help you grow your business?

3 Votes

Lets not forget a lot of people made millions during the great depression and the last great recession. The deals are out there and the money is as well if you find the right deal.

JPMorgan Plans to acquire $1B in SFH rentals

https://therealdeal.com/2022/1...

0 Votes

Quote from @Eliott Elias:

People think they need

@Nekeshia Henderson Get out your area and look beyond it into other places. There are deals to be found once you start looking.

0 Votes

@Herbert Sabanal. Remember read and talk to as many people as you can. But you will never learn about the ups and down and if you can really make it as an Investor.....Until you jump in the water.

With that being said...Be careful there are a lot of pitfalls but also tons of profits waiting! Good Luck!

1 Vote

What are the top 2 reasons most people have for not getting into Real Estate investing and how can they over come them?

0 Votes

@Paul Moore. Thanks and I plan to get that book to read.

1 Vote

@Greg Schreffler, over the last decade I have worked with many over 50 Investors that have gotten into Real Estate and become successful. Real Estate investing remains one of the best ways to make great money for retirement. You still need to have a good plan and execute that plan well. My advice is to Not to be in a hurry trying to make up for what you think is loss time. This is where I have seen mature investors get into trouble making quick and wrong decisions about when, what and where to buy.

Never over leverage and always put yourself in a situation where you can maximum that monthly cash flow.

1 Vote

All Forum Posts by: LaMancha Sims

LaMancha Sims has started 65 posts and replied 104 times.

Post: Having Many Lenders Financing Different Deals 4U

Post: What Makes a Good Private/Hard Money Lender

Post: What Makes a Good Private/Hard Money Lender

Post: What Makes a Good Private/Hard Money Lender

Post: What's Holding U Back

Post: What's Holding U Back

Post: What's Holding U Back

Post: What's Holding U Back

Post: What's a Deal Worth to You

Post: What would you do…………………………………………………………………?