6d (edited) • 💬 General Chat
If you are crazy 👀 ... and doing asset backed lending ...
👉 I highly recommend you add attending The Real Deal with Heather Kiddo & Team to your schedule if you are in SubTo ✌🏼 or Gator 🐊.
🎲 Subordinate (aka Gap, PML, second position, etc) is one of the highest risk ☠️ forms of lending. To add flavor to that statement, let me share that I am an owner in a debt collections business that has to reject 🙅♂️ potential clients daily because there are so many people with gap deals that have gone south 🪫 for one reason or another.
🗝️ The key to doing this well, and lower the risk of losing money, is to get very educated and learn from a variety of people that have been lending actively for years.
🦾 Be safe out there❗... and avoid deals where "they so poo poo" 🚽
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If you are crazy 👀 ... and doing asset backed lending ...
skool.com/fundinghub
Master transactional funding (Gator lending), including EMD, DC, and Morby. This roadmap teaches practical steps to succeed as a transactional funder.
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