Successful methods of teaming up with lenders to bring borrowers in.

Mortgage Brokers & Lenders
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Successful methods of teaming up with lenders to bring borrowers in.

Chet Freeman
Flipper · Owings Mills, MD · Member since 2013 · 12 posts · 5 votes

Has anyone had experience in working with hard money lenders, as partners, to work in a local market place to bring in borrowers, and investors? 

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  • Josh Caldwell
    Investor · Dallas TX, United States · Member since 2014 · 1k+ posts · 1k+ votes
    11y

    Yes, but my question is why would you? 

    I did it once because I had a relationship with the lender and a really big project that was going to take more than a year to develope.

    In general its cheaper to pay hard money than to give up the equity that you will need to give up to a partner.  Paying 14% is less than giving half to a partner.

    I hope that helps

    Josh

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  • Chet Freeman
    OP
    Flipper · Owings Mills, MD · Member since 2013 · 12 posts · 5 votes
    11y

    Thanks for the replies. 

    To Ken Vesely, I will be in touch today.

    To Josh, Thanks for the comment, but I am thinking about becoming involved in the hardmoney side of the business. I may have not been clear in stating  my topic.  Thanks.

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  • Brandon Jenkins
    Real Estate Investor · Houston, TX · Member since 2015 · 9 posts · 1 vote
    11y
    Originally posted by @Chet Freeman:

    Thanks for the replies. 

    To Ken Vesely, I will be in touch today.

    To Josh, Thanks for the comment, but I am thinking about becoming involved in the hardmoney side of the business. I may have not been clear in stating  my topic.  Thanks.

     Chet get in touch with me we have a stated income loan program that blows hard money out of the water. Income investment properties only.

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