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  • Fundyman's Avatar
    Today, 11:51 AM
    Very tricky deal here... I have a land deal in Jersey with a situation as follows: $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. They already have prelim plans; full plans can be obtained upon request. ARV is $2.4 MM (that's 4 residential units going @ $600K min.) 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.
    0 replies | 1 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
    40 replies | 1693 view(s) | |
  • SmartAdvanced's Avatar
    Today, 11:16 AM
    Best advice: stay away from NY funders, especially Brooklyn!
    40 replies | 1693 view(s) | |
  • BR-Nightmare's Avatar
    40 replies | 1693 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!
    40 replies | 1693 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 | 479 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 | 11 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 | 479 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 | 479 view(s) | |
  • Fetachini's Avatar
    Today, 09:39 AM
    Here's some advice.. find a different industry, this one will take your soul. But if you decide to stick it out then - don't trust anyone that includes merchants, everyone is a fucking liar except the underwriter (just wrong sometimes) - It's not hard to open up your own broker shop, why split the commission? I opened up my first broker shop after being 6 months in the industry. (Then again most of the good funders aren't taking on anymore isos so the funders you are left with you need to do research on. If you never seen them in bank statements, most likely they are not a funder) That's the only way you'll achieve commission you are looking for. - LEADS are everything, lot of bullshit out there, so don't go buy big batches always get small samples of leads to test out. (I have a great connection for one but they are pricey) - if you decide not to open you own shop, look around for other brokers to work for and see who offers something better. If you are a top closer then negotiate your commission.
    40 replies | 1693 view(s) | |
  • fundingdaily's Avatar
    Today, 09:29 AM
    We are looking for motivated ISO Reps Responsibilities are as follows • Expand - current relationships • Sign up new broker shops • Maintain and manage a portfolio of existing relationships • Work with the underwriting team to ensure we are doing everything we can to fund for our ISO's • Maintain a strong understanding of the industry and sales practices to keep up with changes in the competitive landscape Knowledge, Skills & Experience Required • 2+ years of sales experience • Strong negotiating and prospecting skills Benefits • Competitive commission programs • Sign on bonus depending on experience • Opportunity to grow • Syndication opportunity • Generous Points when it comes to paying you commission • Dynamic work environment please reach out 917-525-9946 or Drew@infusioncapital.org
    0 replies | 51 view(s)
  • ridextreme's Avatar
    Today, 09:28 AM
    So they freeze their accounts so they can't take out the cash then?
    4 replies | 236 view(s) | |
  • miamiquickbizfunding's Avatar
    Yesterday, 12:57 PM
    Happy 4th Hey all! New to DF so take it easy on me. In order to keep things positive only PM will be responded to New shop in Miami built a state of the art funding shop. 70% rep 30% house on the funding and PSF (meaning rep gets more than the house!). Close to 10,000 SF of office space. Every rep gets own office. Very modern and professional setting (not boiler room). Kind of place you like coming to work to. Looking to bring on experienced reps or a team. Turn key setting with everything provided including admin team. Experienced management. Great opportunity for someone who is not being valued at their current shop or looking to grow. 4 seats left!
    0 replies | 45 view(s)
  • Olderguy's Avatar
    07-02-2022, 08:19 PM
    It's a patience and tolerance lesson....helping to learn detachment. Happy Independence Day.
    5 replies | 176 view(s) | |
  • Yankeeman07's Avatar
    07-02-2022, 01:33 AM
    Deleted
    24 replies | 348 view(s) | |
  • MoneyMan1's Avatar
    07-01-2022, 09:52 PM
    As in their checking/ saving account as collateral
    4 replies | 236 view(s) | |
  • fin4all's Avatar
    07-01-2022, 05:46 PM
    bruhhhhhhhhhhhhhhhhhh lmaoo. savage af.
    24 replies | 348 view(s) | |
  • JasonBishop's Avatar
    07-01-2022, 05:31 PM
    Website Created with Muscle by Stevie Wonder Enterprises
    24 replies | 348 view(s) | |
  • WestCoastFunding's Avatar
    07-01-2022, 04:53 PM
    There is nothing smart about this. Never take advice from a guy whose own website looks like this: https://www.fcbankcard.com/ How embarrassing. It’s NOT mobile friendly, and has some random ass picture taking up most of the page.
    24 replies | 348 view(s) | |
  • WestCoastFunding's Avatar
    07-01-2022, 04:46 PM
    No funder is ever seeking Dave’s help with anything. All Dave peddles is useless shit. If you ever want useless shit, hit up Dave because he’s got a ton of it. An example: Once saw Dave outside a Costco selling STARBURY and OLYMPIAN shoes — but only the left foot shoes. He was selling them for $200 each.
    24 replies | 348 view(s) | |
  • WestCoastFunding's Avatar
    07-01-2022, 04:42 PM
    Lol, what are you bored and 12? Speak full thoughts or keep to the back of the cheese bus with the windows rolled up
    9 replies | 385 view(s) | |
  • DTFdowntofund's Avatar
    07-01-2022, 04:00 PM
    Being in this space for at least 9 years you should already know the answer to this question.
    9 replies | 385 view(s) | |
  • Bcooper's Avatar
    07-01-2022, 03:57 PM
    I don't think you understand how business works, lenders use google sheets and similar services because they are easy and free. it takes five minutes to make a google sheet and costs nothing, creating a program that has the same level of utility would take millions and honestly isn't worth it. also good for you on make a few sales over the years that may be why your LLC is no longer active and most of us screw with you. you are easy low hanging fruit that constantly puts yourself in the position to be messed with 99% of what you post has very little relevancy on this board and you do not conduct yourself like the rest of us, essentially you are the black sheep and pay the price.
    24 replies | 348 view(s) | |
  • Yankeeman07's Avatar
    07-01-2022, 03:40 PM
    With a credit split the funder receives their money 1st - then the merchant - No ACH Rejects. That is the purpose of a Lock-Box - Split Funding The amount of funds they are seeking will be a long reach - but as Quickstone mentioned - if the vendor is paid direct
    12 replies | 479 view(s) | |
  • Yankeeman07's Avatar
    07-01-2022, 03:30 PM
    Good reasons to avoid Google !
    0 replies | 30 view(s)
  • Yankeeman07's Avatar
    07-01-2022, 03:28 PM
    SY
    24 replies | 348 view(s) | |
  • rmckellar's Avatar
    07-01-2022, 03:18 PM
    oh yeah its on my app under time in business
    6 replies | 215 view(s) | |
  • Bcooper's Avatar
    07-01-2022, 02:31 PM
    stop being an easy target and posting dumb advertisements and people may stop coming after you mate. You realize that half of the lenders out their run their operations off off a google sheet and maybe a CRM. no one in this space needs a server its a waste for what we do nor do they need any of the other dumb products you promote on here, its why we fuck with you.
    24 replies | 348 view(s) | |
  • Steven_O's Avatar
    07-01-2022, 02:25 PM
    WOW. Not a surprise.
    4 replies | 282 view(s) | |
  • Olderguy's Avatar
    07-01-2022, 02:07 PM
    You need to put it in the loan app for original entity TIB though. I'd call the lenders back.
    6 replies | 215 view(s) | |
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