The real estate
bubble bursts right in my face.
It got so difficult to
It was nearly impossible
to get financing for even what you
would consider slam-dunk deals.
If you’re on the
other side of the real estate game right now …
I know how it feels...
been there myself.
I’ve seen so many of my colleagues, good,
professional people, leave the business because
they were struggling to get the money to fund their
The market was over flowing with properties, but
was dried up.
Lenders had money, but they just weren’t funding
Then I realized I had something
One evening, I was on the Internet searching for
new lenders. I was surprised that all I could find was a handful
of free online lists and directories that offered the same few lenders
recycled over and over and over again.
This got me thinking ...
These lenders must have huge
marketing budgets ... and could leverage the amount of exposure they
charging more for their loans.
The ONLY way that they can recoup their marketing
costs is by charging us, Real Estate investors, higher fees!
Cutting into our
monthly cash flow and project profits.
In addition, the
only difference between products they offered and conventional loans
were high interest rates.
I also found the other group of lenders who weren’t
direct sources of capital at all.
Just your everyday mortgage brokers
who dabble in private money when not working with conventional
I don’t have to tell you that using their services
means a more costly loan and a sluggish back-and-forth between you, the
broker, and the actual lender of the money.