Negotiate Reduced Payoff w/ HML

[Eduardo Lopez]

Hello BP!

I have a partner who's latest fix and flip project did not go as planned. He is looking to approach the lender with a reduced payoff. What is the best way to go about this conversation? What points should they make and what questions/push-back can they expect from the HML? Brand new situation for both of us. Would really appreciate feedback from the BP community.

Thanks

Eddie

[Jay Hinrichs]

few things if this guy is a loyal repeat client HML will many times work with you.

open honest communication is appropriate.. all they can do is say no