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  • Olderguy's Avatar
    Today, 06:09 PM
    Micah: Well good for you but I have 5 out and they are taking 4 - 6 weeks - maybe because it's Florida - Land and Hawaii - Mixed Use and DE - strip mall, and commercial 6 weeks.
    7 replies | 103 view(s) | |
  • abfunders's Avatar
    Today, 05:48 PM
    Appraisals are NOT taking 6 weeks. In the past 3 months I've done 4 SFH/2-units, and between scheduling with the tenants that took the most time, it took about a week or so to get in, and the appraiser took not more than 7 days to get back the appraisal report. 3 weeks process start to finish. Then we took another 2.5 weeks to close, but that wasn't my fault, it could have closed easily within 10 days had I prepared for the appraisal to come in at $125,000 (when in January when we tried TWICE it came in at $71,000).
    7 replies | 103 view(s) | |
  • Olderguy's Avatar
    Today, 05:36 PM
    A lender isn't going to give anyone "proof of funds"....because a LOI isn't an approval. An approval has to go through underwriting. And appraisals are taking 6 weeks right now. And I have seen land approvals at + or - 50%. Had one at $160K and another appraisal at $610K Same property.
    7 replies | 103 view(s) | |
  • Sachip24's Avatar
    Today, 05:35 PM
    Fundbox
    7 replies | 238 view(s) | |
  • Fundyman's Avatar
    Today, 05:20 PM
    Jerry does multiunit. Not sure about construction. Try Meredith Weiss in NY. 888-373-4752. She does ground up. Its close enough too. Tell her Steve Ruiz from Presto Prestamo shot her contact. Thank you. I'll check em out.
    7 replies | 103 view(s) | |
  • Fundyman's Avatar
    Today, 05:16 PM
    $600K, if the letter were given with proof of funds, would most likely suffice for the court.
    7 replies | 103 view(s) | |
  • HighRisk Funder's Avatar
    Today, 04:42 PM
    Supreme Funding is your best bet for all things high-risk. - Merchant in a reverse, we'll fund it - Too many positions, we'll fund it - High Holdback, we'll fund it - Unsatisfied judgment, we'll even fund that too Email underwriting@supremefunding.net to request an ISO onboarding package
    3 replies | 630 view(s) | |
  • abfunders's Avatar
    Today, 03:22 PM
    Guys, give credit where credit is due. The LLC was reinstated 04/22/2022
    28 replies | 415 view(s) | |
  • Bcooper's Avatar
    Today, 03:19 PM
    thats what happens when you don't even have a valid LLC
    28 replies | 415 view(s) | |
  • Olderguy's Avatar
    Today, 03:13 PM
    Passbook loans — sometimes called pledge savings loans — are a type of secured loan that uses your savings account balance as collateral. These loans are offered by financial institutions, like banks and credit unions, and can be a convenient way to borrow money while rebuilding your credit
    7 replies | 315 view(s) | |
  • WestCoastFunding's Avatar
    Today, 02:49 PM
    So a cash advance?
    7 replies | 315 view(s) | |
  • WestCoastFunding's Avatar
    Today, 02:48 PM
    Dave had his comments repossessed.
    28 replies | 415 view(s) | |
  • Bcooper's Avatar
    Today, 02:46 PM
    never heard of midwest corporate credit are they any good?
    4 replies | 387 view(s) | |
  • Bcooper's Avatar
    Today, 02:14 PM
    lmfao
    28 replies | 415 view(s) | |
  • Olderguy's Avatar
    Today, 01:36 PM
    Any construction you are going to need entitlements. $600,000 over $1.2M is 50% LTV for land loan. Take out $350k liens plus $85K taxes plus $200K well plus fees that's over 50% LTV...Too much hair on this deal.
    7 replies | 103 view(s) | |
  • MoneyMan1's Avatar
    Today, 01:03 PM
    Exactly
    7 replies | 315 view(s) | |
  • LegacyCap's Avatar
    Today, 12:46 PM
    LegacyCap started a thread Legacy in Promotions
    Legacy Capital is a High Risk Direct Lender We are ready to Start working with you to give your clients the Most Aggressive and Flexible Approvals in the Industry. Offering 40% to 50% larger funding amount than most approvals with longer terms. We specialize in: -B-D Paper -Second Position up to 10th -High Risk -Reverses -Buyouts AS LONG AS THERE IS ROOM IN THE FILE WE WILL GIVE AN OFFER Our Product: 35k - 5 Million Term 60-180days Min revenue 50k Weekly payments available Early Payoff Discounts Early Renewals Instant DocuSign Contracts Light Stips -DL, VC WE PAY UP TO 12 PTS FILL OUT AN ISO AGREEMENT NOW VIA OUR LINK- https://bit.ly/3xuZX6G
    0 replies | 32 view(s)
  • Cashyew's Avatar
    Today, 12:29 PM
    Get MCA submissions, leads, live transfers and more are posted. Get them while they are hot. cashyewleads.com/data
    0 replies | 34 view(s)
  • DonMcGrath's Avatar
    Today, 12:14 PM
    +1 - Can’t argue with anything here. It takes me a bunch of stupid jokes just to get through the day. Fundyman is right also.
    42 replies | 1865 view(s) | |
  • Steven_O's Avatar
    Today, 12:12 PM
    Names like Fundyman... Fetachini... they have YEARS here. The advice they give you is REAL. This game is cold and no one cares about you. Expect to get sued. Lied on. Robbed. BUT... there's nothing more rewarding than finding your own lane. So, don't let anyone deter you from doing whats right for you. Just remember, that there is a balance in what you get - you also give up. Balance kid.
    42 replies | 1865 view(s) | |
  • Steven_O's Avatar
    Today, 12:06 PM
    Jerry does multiunit. Not sure about construction. Try Meredith Weiss in NY. 888-373-4752. She does ground up. Its close enough too. Tell her Steve Ruiz from Presto Prestamo shot her contact. Only the best. SR
    7 replies | 103 view(s) | |
  • Fundyman's Avatar
    Today, 11:51 AM
    Very tricky deal here... I have a land deal in Jersey with a situation as follows: Loan request now as a bridge would be for about $600,000 (ideally add that to $1.2 MM construction loan or at least $1.6 MM loan request) $350K worth of liens on the property have to be paid property is in court right now for tax lien foreclosure Court has no problem giving the property back, provided there is a good reason. & of course, the tax liens portion ($85K) has to be paid back. Borrower needs $1.2 MM to build 4-unit residential Needs $200K to fix well water issue, upon which it's too easy to get OK to build. Each lot is worth $300-350K, making the property worth a conservative $1.2 MM now. ARV is $2.4 MM (that's 4 residential units going @ $600K min.) They already have prelim plans; full plans can be obtained upon request. Basically, what it takes here to get this deal going is a conditional approval from any hard-money lender. The thing is, the bank will ask to see PROOF OF FUNDS upon receipt of the CLA. Can anyone get this done? Please PM me ASAP, as the borrower goes back to court on Thursday. Feel free to reply on here if you feel this is more a "pipe dream" type of deal. It doesn't seem impossible at all because the residential zoning is pretty much there, & lenders love doing residential construction. The tricky part is the money that needs to be spent on the bridge end.
    7 replies | 103 view(s)
  • Michael I's Avatar
    Today, 11:32 AM
    a year ago that would have been good advice , now most of the shady ones switched their addresses and the ones that have a Brooklyn address are more legitimate ( obviously not all). Stay away from any that does not have a real address that you can walk into. You will be surprised how many funders if you google their address you will see that it is a post office
    42 replies | 1865 view(s) | |
  • SmartAdvanced's Avatar
    Today, 11:16 AM
    Best advice: stay away from NY funders, especially Brooklyn!
    42 replies | 1865 view(s) | |
  • BR-Nightmare's Avatar
    42 replies | 1865 view(s) | |
  • Fundyman's Avatar
    Today, 10:45 AM
    Some underwriters actually happen to be spies for OTHER ISOs. Take that from me. I can't say it enough. So when the guy said "trust no one," you might as well include yourself in that. Literally, don't even trust yourself, as you may get attached to a dead deal @ times, & that deal will eat up valuable time that could have been spent working on 3-4 other deals that would have all gotten you paid a lot more. There's so much advice people can give you about this industry, but Fetachini said what were my 1st thoughts: "Find a different industry." This one can get quite disappointing, when you realize many folks have absolutely no respect whatsoever for your hard work. They'll backdoor a deal, sometimes even in your face, if that's even possible. They do it in a way that you won't even doubt it was them who did it. Others feel you're their own personal rep once you submitted a deal to them. They'll give you a crappy offer, but expect you to "just sell it!" as though you're really working for them. They think you're stupid & don't know there are other funders who can do better; that you were just giving them a chance to earn your submissions. There's so much to this business, I swear the best way to go about is to cross your fingers, work as hard & as smart as you can, & expect some losses. Write them off to the game. But guaranteed, you'll find straightshooter funders & brokers along the way. Those people will be the blessing. They will make the journey worth it. Good luck!
    42 replies | 1865 view(s) | |
  • NotALoan's Avatar
    Today, 10:41 AM
    And none of them will have read the part where the merchant is located in Virginia...
    12 replies | 503 view(s) | |
  • DennisM's Avatar
    Today, 10:36 AM
    Cloudsquare is a trusted Salesforce Consultancy specializing in Salesforce implementations, development, and integration services. We are offering a complimentary Salesforce Health Check for companies that feel like they are not using Salesforce to it's full potential. If you know you can get more out of Salesforce but not sure where to start, simply go to our website ( https://cloudsquare.io/ ), chat with our chatbot and we will set up a time to chat.
    0 replies | 17 view(s)
  • ryan $'s Avatar
    Today, 10:21 AM
    If the daily comes off the top (ie a split), the balances in his bank still get lower, what happens when he goes negative and racks up NSF charges, and his bank account eventually gets closed....
    12 replies | 503 view(s) | |
  • Fetachini's Avatar
    Today, 10:16 AM
    Lot of funders will not touch this because it's in VA, new laws went into effect friday.
    12 replies | 503 view(s) | |
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