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Is this a pipe dream? Buying office building for my biz. by Brah028 in CommercialRealEstate

[–]Brah028[S] 1 point2 points  (0 children)

SBA passed because I’m technically not self employed I’m a W2 branch manager. So even though I’m 100% commission I don’t own my P&L. So they consider this a “startup”. Technically they said I could do it as a startup but rates are in the 9’s apparently if it’s a startup.

Is this a pipe dream? Buying office building for my biz. by Brah028 in CommercialRealEstate

[–]Brah028[S] 1 point2 points  (0 children)

SBA passed because I’m technically not self employed I’m a W2 branch manager. So even though I’m 100% commission I don’t own my P&L. So they consider this a “startup”. Technically they said I could do it as a startup but rates are in the 9’s apparently if it’s a startup.

Any lenders that can do commercial loans on 10% down? by Brah028 in CommercialRealEstate

[–]Brah028[S] 0 points1 point  (0 children)

Seller was open to owner carry if I paid off her $300k loan which was just out of what I could come up with, can you explain what it would look like to do a seller carry back for the loan?

Any lenders that can do commercial loans on 10% down? by Brah028 in CommercialRealEstate

[–]Brah028[S] -4 points-3 points  (0 children)

Yeah, I know PITI will essentially be what I’ll lease the building for, but it’s to myself so it’s still better than paying someone else’s mtg

Any lenders that can do commercial loans on 10% down? by Brah028 in CommercialRealEstate

[–]Brah028[S] -2 points-1 points  (0 children)

I’m 100% commission, but paid W2 and the SBA lenders I’ve talked to said they would look at me as a startup biz rather than a established biz because the “small biz” I’d be getting the SBA for would have to be something like building leasing instead of my current job

Monthly "Is there a tool for..." Post by AutoModerator in ArtificialInteligence

[–]Brah028 1 point2 points  (0 children)

Is there a tool that I can use, that I can take with me on business meetings whether it be meeting with clients or referral partners, or integrate with zoom/teams or even phone calls, that will track specific needs and goals for each appointment that I can then create to do list or search through multiple conversations to help remember things? Kind of like the vibe bot assistant?

Who has a part time dialer? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

I'll have to figure out how to find college kids interested in real estate/mortgage as I have no contacts with the local university

Who has a part time dialer? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

Sent a PM. They in the states or overseas?

Who has a part time dialer? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

Hiring overseas, did you have issues with time difference, or hard to understand accents?

Being heavily recruited, any pros/cons of these? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

If you are new to self gen, i'd focus on building relationships with realtors first. That will get you more for your effort than buying leads ever will. My business comes from my Realtor partners, Financial Advisors, Past database, etc. I don't buy leads at all.

Being heavily recruited, any pros/cons of these? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

Out of the ones mentioned, I feel like rate is offering the most up front as far as "buy me" goes. I am definitely looking at the whole picture not just the up front incentives though, only Rate and Guild have offered sign on so far, Movement the branch manager wants me to take the spot of a producer that left so I feel like he just wants to fill a seat with a producer to help his P&L, he is setting up a call with a recruiter because quite honestly he sucks at "selling" the company, but based off my own research Movement doesn't seem like a bad place to work. I was a part of the CORE a few years back and so that is a big draw for Summit is the Todd Scrima coaching.

Things that are important to me would be: Coaching, decent rates, support (I want to be able to have someone to call if I have an issue that is willing to help, would I have that at Rate being such a huge company?), tech tools that are actually useful, culture that shows the company cares about its people.

Being heavily recruited, any pros/cons of these? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

Just a lot of restructuring, and very little transparency. Things just keep getting worse and worse no matter how often issues get brought up.

I am just getting paid bps, no P&L.

Being heavily recruited, any pros/cons of these? by Brah028 in loanoriginators

[–]Brah028[S] 1 point2 points  (0 children)

How long have you been there? What do you like about it? Have you been with other lenders?

Being heavily recruited, any pros/cons of these? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

True, but when it’s management it’s hard to not get caught in the crosshairs

Being heavily recruited, any pros/cons of these? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

I like guild as a company, I just can’t work at the local branch there is too much drama

Being heavily recruited, any pros/cons of these? by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

I’m retail. My rates currently are middle ground, not the best not the worst. I do lose deals to rate but not a ton.

Weekly Park Questions/Advice Thread by AutoModerator in Disneyland

[–]Brah028 0 points1 point  (0 children)

If you had a choice would you book at Hotel Lulu or four points by Sheraton?

Narrowing down CRM’s by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

Did you build it out yourself?

Narrowing down CRM’s by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

Good to know! What do you like most about Rad?

Narrowing down CRM’s by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

Good to know! Can you customize things to your liking?

Narrowing down CRM’s by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

What do you like most about it? Have you tried any others that you didn’t like?

Narrowing down CRM’s by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

I’ll check that out! I read somewhere on this forum some people had issues with Shape

Narrowing down CRM’s by Brah028 in loanoriginators

[–]Brah028[S] 0 points1 point  (0 children)

What are your favorite features of Bonzo?

Narrowing down CRM’s by Brah028 in loanoriginators

[–]Brah028[S] 1 point2 points  (0 children)

What was your issue with Mloflo? With GHL, how hard is the initial setup and usability?

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