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21 December 2024 | 10 replies
If there loan origination/underwriting process is robotic, expect a robotic loan administration process more times than not (which is generally a bad borrowing experience, particularly if there's adversity).
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28 December 2024 | 23 replies
Although we do have deals on the lending side that dont work but we are not forced into a position to take big loss's like we were when the banks were calling our loans.. this will happen in the DSCR world as all these folks are using same type of debt IE debt that can be called based on the terms of the debt or like you have seen with the syndicators that are talked about on BP max leverage bad debt things dont go right And you have cap calls or projects totally lost.
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10 December 2024 | 100 replies
Agents, tell me why this is a bad idea.
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18 December 2024 | 3 replies
Facebook has become a big one, but you have to watch out for bad actors.
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20 December 2024 | 14 replies
A bad broker will try and soak you and will never get back to you and won't be worth a dirty diaper during the process.If you deal with a direct lender 1 on 1 then the processing and handling of the process will be in your lap.Some common questions to ask:1) Have them send you their bridge loan guidelines.
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7 December 2024 | 5 replies
If you fully understand the process, the potential for profit can be considerable but if you do not, it can be bad - real bad.
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13 December 2024 | 32 replies
My current W2 is going through many changes, and whether by their choice (layoffs) or mine (12-16 hr work days is unsustainable) I need to figure out how I can spend more time taking care of my parents.
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19 December 2024 | 25 replies
The cost of the right advisor initially is a lot less in the long when you pick a bad advisor.
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19 December 2024 | 4 replies
There are also a lot of people out there that will hate on getting coaching, some due to the bad actors I mentioned, but some due to a commitment to do everything themselves.
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14 December 2024 | 4 replies
For me, a Heloc would be my choice over a loan.