[PrinceofMCA]

I'm what they call a closer in this industry... not just that, I can recruit and train closers. I have personally closed many deals on my own and have a book of business. What i'm seeking is an investor that would want a low risk high return in the short interim. I'll break down the ROI deal per deal. So the proof is in my track record. If anyone is interested or knows someone who might be please contact me. 347-932-9469

[FUNd]

What is your average loan volume per month? You, personally, not your office.

[ridextreme]

sounds like a win-win. How much exactly are you looking for?

[PrinceofMCA]

@FUNd I particularly do average 250k per month, not including my reps.

[PrinceofMCA]

15-20k. Money would be return in 4 months or even less with ROI. I'll split 50/50 on every deal until the fully agreed yield is reached. @Ridextreme is this something you might interested in or know someone that might be.

[anonymous]

You fund $250K/m personally, have reps who are also closing, and you're here trying to raise $15-20K? That doesn't really add up...

[admin]

Please do not try to solicit funds on the forum especially investments described as low risk, high return. Just sayin...

[MCNetwork]

You fund $250K/m personally, have reps who are also closing, and you're here trying to raise $15-20K? That doesn't really add up...

Good catch. If he was looking for $150K-200K, that would be more consistent with his volume.

[anonymous]

If you don't have 2 weeks worth of earnings to invest in your own company, I can't imagine anyone would ever want to go into business with you. Much less the guys on this forum.

[Michael I]

You fund $250K/m personally, have reps who are also closing, and you're here trying to raise $15-20K? That doesn't really add up...

Well it all depends on what you are making on a deal . I saw this group out of Staten Island charge a guy a 15 percent psf fee plus get 15 points from bfs so doing 250k like that is a lot and your correct. But if he sucks as a salesman and the 250k is from funding circle and he makes 1 percent it makes more sense .

My question to prince is , are you cold calling or are leads being provided to you thru marketing on that 250k ?

[anonymous]

What is funding circle? Lol

[PrinceofMCA]

You fund $250K/m personally, have reps who are also closing, and you're here trying to raise $15-20K? That doesn't really add up...

The 15-20k is for basic startup cost....no other capital is needed after that. Its just to launch the iso.

[jotucker1983]

I'm what they call a closer in this industry... not just that, I can recruit and train closers. I have personally closed many deals on my own and have a book of business. What i'm seeking is an investor that would want a low risk high return in the short interim. I'll break down the ROI deal per deal. So the proof is in my track record. If anyone is interested or knows someone who might be please contact me. 347-932-9469

You are looking in the wrong area for the most part. This is a Forum mainly full of Brokers and employees from Direct Funders. You need to reach out to Equity Capital Providers if you are looking for Equity or contacting your Bank if you are looking for Debt.

[PrinceofMCA]

If you don't have 2 weeks worth of earnings to invest in your own company, I can't imagine anyone would ever want to go into business with you. Much less the guys on this forum.

its a simple proposition. start up funds for the iso. Payback with a return guaranteed by deal spread.Thats all nothing else is required. Great investment

[PrinceofMCA]

Well it all depends on what you are making on a deal . I saw this group out of Staten Island charge a guy a 15 percent psf fee plus get 15 points from bfs so doing 250k like that is a lot and your correct. But if he sucks as a salesman and the 250k is from funding circle and he makes 1 percent it makes more sense .

My question to prince is , are you cold calling or are leads being provided to you thru marketing on that 250k ?

The leads are being generated through cold calling. Eventually, data is built around these merchants, making them warm.

[anonymous]

So at the end of the day you're a cold caller with no evident mgmt / entrepreneurial experience, don't have an extra $15K to your name, and claim to be capable of training closers (yet you don't have any since you are just now looking to start a firm). Also, just to put it out there, you don't have a book of business, your employer does. There is not a bank or (sane) venture capitalist who would ever invest in this scenario lol, you're better off on Craigslist.

[sigmundpannu]

I have to second your comment anonymous.

[ridextreme]

15-20k. Money would be return in 4 months or even less with ROI. I'll split 50/50 on every deal until the fully agreed yield is reached. @Ridextreme is this something you might interested in or know someone that might be.

so you are funding 250K/mo but you need 15K? Don't you make at least 15 -20K per month now with no overhead? I don't know if this sounds like a responsible use of my funds and I don't think I will get my money back so I'm gonna pass.

[FUNd]

So at the end of the day you're a cold caller with no evident mgmt / entrepreneurial experience, don't have an extra $15K to your name, and claim to be capable of training closers (yet you don't have any since you are just now looking to start a firm). Also, just to put it out there, you don't have a book of business, your employer does. There is not a bank or (sane) venture capitalist who would ever invest in this scenario lol, you're better off on Craigslist.

LOL, classic. I had a very disturbing conversation yesterday with a marketing specialist, recommended by the only lender I trust 100%. He helped build out marketing platforms for some of the big players, and it took me 2 weeks just to get an appointment to speak with him for 45 minutes. In fact, the only reason he would waste his time with a fish of my size was purely a favor. All that aside, I started the conversation telling him a little about who we are and how we operate, and most importantly, about our low 5 figure monthly marketing budget.

He wouldn't even take my money. Granted, he could have given me a song and dance and told me how with the right marketing channels, I too, could see inbound leads fly across my desk for a few grand. Nope. He said, don't bother. Guys like "The Prince" here, that work at an ISO as a cubicle jockey, have it all 'figured out' after a month or two, branch off on their own and -- poof! -- another ISO is born, further clogging the system for the rest of us with real industry experience and good instincts. Everyday it's increasingly more difficult to get the attention of merchants, and guys like the Prince here are #1 on the list of reasons why.

No barriers to entry, no regulations, no licensing, no background checks, no testing...something needs to be done. I know some of you are experiencing the same thing, although you may be too proud to admit it. But this is getting hard...

[Chambo]

Man....and people have commented that I am rough on the newbies?

[omegafund]

..

[J.Celifarco]

LOL, classic. I had a very disturbing conversation yesterday with a marketing specialist, recommended by the only lender I trust 100%. He helped build out marketing platforms for some of the big players, and it took me 2 weeks just to get an appointment to speak with him for 45 minutes. In fact, the only reason he would waste his time with a fish of my size was purely a favor. All that aside, I started the conversation telling him a little about who we are and how we operate, and most importantly, about our low 5 figure monthly marketing budget.

He wouldn't even take my money. Granted, he could have given me a song and dance and told me how with the right marketing channels, I too, could see inbound leads fly across my desk for a few grand. Nope. He said, don't bother. Guys like "The Prince" here, that work at an ISO as a cubicle jockey, have it all 'figured out' after a month or two, branch off on their own and -- poof! -- another ISO is born, further clogging the system for the rest of us with real industry experience and good instincts. Everyday it's increasingly more difficult to get the attention of merchants, and guys like the Prince here are #1 on the list of reasons why.

No barriers to entry, no regulations, no licensing, no background checks, no testing...something needs to be done. I know some of you are experiencing the same thing, although you may be too proud to admit it. But this is getting hard...

I completly agree with you that the barrier to entry into this industry is way too low. We have had this conversation on here a million times and I still dont know what the answer is to fix it.

[MCNetwork]

I completly agree with you that the barrier to entry into this industry is way too low. We have had this conversation on here a million times and I still dont know what the answer is to fix it.

Just like the requirements for being an insurance broker or realtor, you would fix it with licensing. That would prevent know-it-all newbies like the Prince from asking for chump change to start an ISO and running around giving the industry a black eye. But then again, that would require regulation.

[anonymous]

Just like the requirements for being an insurance broker or realtor, you would fix it with licensing. That would prevent know-it-all newbies like the Prince from asking for chump change to start an ISO and running around giving the industry a black eye. But then again, that would require regulation.

I take it you don't have a background in RE as licensing requirements don't really help too much haha - there are still a bunch of clowns running around without the slightest clue what they're doing down here. I think lenders are going to start being more selective with who they work with... Who wants sporadic files that don't come anywhere close to their UW requirements, only to get 15 calls from the broker trying to "push the deal through."

Have been seeing more and more threads about lenders not returning calls or iso agreements, I can't help but assume it is with good reason. Especially given the fact that I work with a lot of those lenders and haven't had any issues. I think the weak will fall off and the strong/educated will thrive, but what do I know lol.

[Chambo]

Ahhhh, back to regulation again