BiggerPockets

credit market

Sunday, May 23

We all go out and look for me. As a mortgage banker I am always looking for different funding sources and what are their requirements? A real estate investor is alway looking for cheap money under the terms they want.

The problem as I see it from my seat, is clients come in and tell me information, many times in writing, that is not so or they can not prove it. These borrowers still think that tey are borrowing money like they did three years ago.

 Those days are over with folks. When you tell a lender something you need to be able to prove it. Use some common sense. I lend hard money and people still do not understand that every lender wants you to have real money in the deal. There is no more playing with mirrors in the world of borrowing

Comments

1. 

   Dale Osborn Reply
   almost 2 years ago

   More and more investors are moving away from "banker types" to find funding for their real estate acquisitions!

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