Quote:
Originally Posted by dc_publius
1. How do you keep the deal flow going? In most cities, this is a pretty small community and there are plenty of established hard money guys. In fact, from what I understand, hard money guys are often daydreaming of actually getting into the actual RE deals and not just lending. Is there a lot of undercutting and shopping around going on from people looking for money? How do you keep the deals going?
2. If you're the same guy who used to play 1KNL, got any notes on me (aside from labeling me as a weak tight nit?)
1. You have to do a lot of networking. Mortgage brokers and RE attorneys are going to be your main source of notes. Real estate investment clubs will be your second source. Finding some hard working flippers will keep your funds working for you as well. There is a dearth of money in my area and borrowing is really hard even if you have a decent financial situation. I only know of one other HML guy in my area. There just aren't that many that have the bankroll and know about lending as a form of investment.
2. Yes, I was the 1knl guy. I've gotten a new PC and figured it was a good time to reset everything to keep me paying attention. Sorry notes are gone, but I do remember you being a 13/10 guy.
Last edited by foxfox1; 06-27-2013 at 02:57 PM.
Reason: Forgot #2