All Forum Posts by: Michael Germano

Quote from @Thomas McGrady:

Good morning BP , 

Nick I am also a newbie to investing in wholesaling. I am located in the South Shore area. I would like to network with people as well that can help guide me in the right direction. Thank you.

Hi Thomas (see my previous note to Nick).  lets connect...

Congrats on jumping in. I am based in Raleigh NC but I partner with a lot of new wholesalers that find it challenging to come up with the funds to open your transactions, like Earnest money deposit (for SFH and MF and portfolio's), probate fees, and even double closes. If you find yourself in a situation where you may not be able to open a new transaction because you may not have the funds right now for EMD, lets chat, I may have some strategies for you or I can be your transactional lender helping you out. Lets not having lack of EMD funds impact your wholesaling business as you start off and scale.

Hi Nick

Congrats on jumping in. I am based in Raleigh NC but I partner with a lot of new wholesalers that find it challenging to come up with the funds to open your transactions, like Earnest money deposit (for SFH and MF and portfolio's), probate fees, and even double closes. If you find yourself in a situation where you may not be able to open a new transaction because you may not have the funds right now for EMD, lets chat, I may have some strategies for you or I can be your transactional lender helping you out. Lets not having lack of EMD funds impact your wholesaling business as you start off and scale.

Quote from @Ej Sorrento:

Quote from @Michael Germano:

I am a lender "gator" and would be happy to share my experiences. Essentially a small piece of what I do is help Wholesalers with EMD's that could be 1k+ Its a great way for wholesalers to get into more contracts without having concern of deploying or running out of there own money. Utilizing a gator lender like myself could be a huge boost to getting more deals done. Would love to chat more if anyone has interest. Thanks

 @Michael Germano

Just off Pace's promotion of another Gator method, not currently a member.

One thing I'm concerned about is that I already have a line of credit, he mentioned it needs to be and LOC done through his suggested companies. Do you have any insight on this? This could be an obstacle for me, at least initially.

I'm also curious about your thoughts on the program.

No you don't have to use your LOC or go through the company referral. That company helps you set up your LLC structure and does some credit coaching on how to build up a business LOC. You can absolutely use your on money or even something like HELOC.

Quote from @Edward Stephens:

Can anyone in the course or affiliated with the course help me understand how you are navigating the state’s/country’s usury laws?  I’ve been curious since first seeing this advertised on social media.

Usury laws don't apply to EMD lending since it is a fee not an interest rate return.

Quote from @Gregory Crane:

Quote from @Michael Germano:

I am a lender "gator" and would be happy to share my experiences. Essentially a small piece of what I do is help Wholesalers with EMD's that could be 1k+ Its a great way for wholesalers to get into more contracts without having concern of deploying or running out of there own money. Utilizing a gator lender like myself could be a huge boost to getting more deals done. Would love to chat more if anyone has interest. Thanks

 @Michael Germano would love to chat and learn more about your business. Very interested in this model.

@Gregory Crane happy to. Are you just looking for information on the process/model or are you seeking EMD funding. Happy to connect either way.

I am a lender "gator" and would be happy to share my experiences. Essentially a small piece of what I do is help Wholesalers with EMD's that could be 1k+ Its a great way for wholesalers to get into more contracts without having concern of deploying or running out of there own money. Utilizing a gator lender like myself could be a huge boost to getting more deals done. Would love to chat more if anyone has interest. Thanks

Hey all...another great resource for Wholesalers to help maximize their ability to get contracts is to utilize transactional lenders to help fund EMD's. Don't let lack of EMD impact your ability to lock down contracts. I have been actively partnering with wholesalers providing short term EMD lending and bringing my transaction coordinators in to help facilitate opening of Escrow to close. Would love to connect with active wholesalers to share how I can add value to your business

Quote from @Ryan Casady:

Quote from @Michael Germano:

I was just researching other events in the Raleigh area and came across this post. Bummer I missed it but I look forward to future events. Please let me know where I can find such information. On side note, I am in the business of partnering with wholesalers helping them acquire the EMD funds needed to lock down contracts. Happy to connect with folks I can help with. Please feel free to reach out if you think I can help add some value.

 DM me your email address and I'll put you on my list for future events - this one is once a month, and I can connect you with other events as well

 You got it.  Thanks for the response.

Just found this...bummer I missed it.  Hopefully I will catch the next one. 

I was just researching other events in the Raleigh area and came across this post. Bummer I missed it but I look forward to future events. Please let me know where I can find such information. On side note, I am in the business of partnering with wholesalers helping them acquire the EMD funds needed to lock down contracts. Happy to connect with folks I can help with. Please feel free to reach out if you think I can help add some value.