
20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself.

22 August 2024 | 31 replies
To the best of my knowledge the closest one is approx. 1 1/2hrs away

21 August 2024 | 9 replies
The New Park Building Boom That Never Was - Mobile Home University Frank is the de facto master behind Sam Zelle when it comes to mobile home park knowledge.

19 August 2024 | 3705 replies
What is holding us back at this point in time is funding.

19 August 2024 | 2 replies
I was able to share my knowledge about real estate investing with more people through these channels.

21 August 2024 | 22 replies
Share the wealth, of knowledge.

20 August 2024 | 7 replies
So, its hard to lie about that to a knowledgeable tenant. 3.

19 August 2024 | 18 replies
I grew up on the east side of the town with a well versed knowledge of the neighborhood.

20 August 2024 | 15 replies
The rents usually lag behind the market value in time, but move similarly

19 August 2024 | 4 replies
My goal is to gain enough knowledge, support, finances, and courage to make that next deal that's conducive to my current financial situation.