This one cost me time, not money. Still expensive.
A borrower came to me needing $70k in gap funding to close a DSCR deal. Straightforward on paper. In reality, no lender would touch it as structured. I remember I even asking Paul to provide POF for this deal.
After multiple failed attempts, I didn’t walk. I rolled up my sleeves.
I hand-held her through a seller conversation and helped restructure the deal into seller financing for $98k, enough to cover gap and closing costs. The deal went from dead to viable. That didn’t happen by luck. It happened because of experience, scripting, and strategy.
I was positioned to provide the transactional funding.
Then she went with another lender because they offered cheaper fees.
That’s business. But here’s the truth most people won’t say out loud.
Effort without protection is stupidity.
Time, structure, negotiation leverage, and problem-solving are worth something. If you give all of that away for free, don’t be surprised when someone shops you at the finish line.
The real lesson
From now on, no agreement means no help.
If I’m restructuring your deal, scripting seller conversations, or salvaging something that’s broken, there will be a signed agreement in place before I lift a finger.
Not because I’m bitter.
Because I’m professional.
Free advice is for quick questions.
Deal-saving work requires commitment.
Learn this early or learn it the hard way like I just did.