Are there any companies besides IOU which wont count an MCA CC split as a position?
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  1. #1

    Are there any companies besides IOU which wont count an MCA CC split as a position?

    Hi,

    Are there any companies besides IOU which wont count an MCA CC split as a position?

    Thanks,
    Mike
    msla*****er@sla*****er.com

  2. #2
    Senior Member Reputation points: 25752
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    but it is a position

  3. #3
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    I would be cautious when sending deals to IOU, Brokers call me quite often telling me how reps from IOU send them deals once submitted. #BACKDOORKINGS

    Quote Originally Posted by Michael Sla*****er View Post
    Hi,

    Are there any companies besides IOU which wont count an MCA CC split as a position?

    Thanks,
    Mike
    msla*****er@sla*****er.com
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  4. #4
    Quote Originally Posted by Jstarr View Post
    I would be cautious when sending deals to IOU, Brokers call me quite often telling me how reps from IOU send them deals once submitted. #BACKDOORKINGS
    Hi Jerry,

    This is the first time I read something negative about IOU.

  5. #5
    Has anyone in this forum been backdoored by IOU?

  6. #6
    Senior Member Reputation points: 116856 ridextreme's Avatar
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    no

  7. #7
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by Jstarr View Post
    I would be cautious when sending deals to IOU, Brokers call me quite often telling me how reps from IOU send them deals once submitted. #BACKDOORKINGS
    Never happened with me :/ but they give crazy approvals and beat my Ondeck/Kapitus offers every time though very hard to qualify. Most of the offer comes with 1.20 buy 12 months $395 fee.
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  8. #8
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Never had issues with IOU. We have a good closing ratio with them.
    They have done some killer deals on construction companies. Jerry is usually negative about most stuff on this forum

  9. #9
    Senior Member Reputation points: 62986
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    Been using IOU for 6 years and have never had an issue with them backdooring me.

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