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16 May 2016 | 8 replies
Confirm from the beginning they have the capabilities to make it happen...
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14 May 2016 | 5 replies
He's definitely capable of doing that, but what do you suggest I offer him to make it worth his time?
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14 May 2016 | 4 replies
Screening needs to be more targeted, and be capable of showing an actual connection between the type and age of conviction and the harm to be avoided by the landlord, such as credit risk, damage to property, or danger to other tenants.
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19 May 2016 | 5 replies
Their concern is that the most expensive part of employing someone is the hiring and training phase...so they dont want to have you come on board for a year then have you jump ship to pursue real estate.
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11 July 2016 | 8 replies
I have been into SFH investing except for one small Commercial deal and I am here on BP to expand my capabilities
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18 May 2016 | 19 replies
WHY because as hardmoney lenders they have more control over there capital.I have been one over the last 30 years my last shop was 35 million so we were not tiny but we were not SEattle funding either.. more on the line of East side or vestus.Borrowers just don't jump ship for 1% or a little cheaper.. they will stick with who will allow them to scale.so when I want to do a 100% deal for one of my long time borrowers no problem. your not going to be able to compete.. the day of 20% plus rates are gone of course.But the portals all want to make 14 to 18% apr just like the HML companies.Can you take market share no doubt but you will have to build it just like I built my companies excellent customer service and flexibility.. right now the Portals like RS have very stringent underwriting they cannot compete with many of the local guys in this market that have 10 to 30 mil to lend. and there is only so much hard money demand in a given market as we know.Vestus and East side get a lot of their business by providing capital to buy at courthouse steps this is highly complicated and lots of moving parts your portals will no way be able to compete at that level.Were I can see a portal doing well though is with bigger funding deals that the HML won't take on.. like larger credit type lines etc we have had some interest from portals for this.. and its not at all competition with the local guys.
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10 October 2016 | 18 replies
You're brave and valuable to others for sharing these mistakes, and it is this sort of forthcoming-ness that demonstrates you're capable of cutting to the chase, so I am sure you'll take some of the great advice above.
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26 May 2016 | 7 replies
Thanks for the suggestion, but I don't have time to wait for shipping.
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22 May 2016 | 2 replies
Very interested in this industry and yes very interested in become hey if wealthy but as of now able and capable.
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9 September 2016 | 14 replies
Why not start developing a relation ship with a commercial lender now and get that headache over with.