Some rehab style lenders make it difficult for newbies to gain maximum leverage due to lack of deals done.......NOT US!

I’m compiling a list of the better ones.Two weaknesses of this approach are 1) lack of diversification and 2) high minimums that typically require $1M in equity.

There are a few things that can improve, but overall the financial side seems fine.Buildium is okay, but they are limited to what banks you can sync with.I love Yardi Voyager 7s, but the down side of it is the lack of bank feed, it is nonexistent.

I’m excited to announce that BiggerPockets has acquired Left Field Investors (LFI) and, with this acquisition, we’re launching a groundbreaking new platform for passive investors: PassivePockets.The passive investing space has seen tremendous growth over the past few years, but it’s also faced challenges—shifting markets, questionable influencers/syndicators, and a lack of transparency between GP and LP.

I think the reason for my failures so far is lack of direction and leadership in the field.

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. 

Your pricing is in the right range, you can always discount a little to be competitive but sometimes a lack of bookings is not price related.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Find a partner that lacks what you offer and create a win/win.

Now, that said, let's give the contrary view, and why I wouldn't personally do that deal:-Limited appreciation potential for at least 3 years on this property based on location and demand, and no opportunity for forced appreciation-Risk with Section 8 on cap ex -I look for cash neutral on 15 to 20 year notes-positive cash flow of 144/month does not excite me, especially since I prefer appreciation potential -I avoid rentals that require more than $2000/month in rent to work given lack of demand at that price point in North AlabamaAgain, I ran this example just for educational purposes.