3 Reasons You Should NOT Do EMD Lending

  Рет қаралды 546

Ryan Schrope

Ryan Schrope

Ай бұрын

Everything in the world has a downside, welcome to life.
Yet for some reason, we convince ourselves otherwise. My favorite phrase coined for this is "uninformed optimism". Essentially, it's the act of only seeing the positives to a situation. Now to be fair, sometimes this can be useful. Business (and money) is not one of those times.
In this video I will break down a few of many problems that can and WILL be faced at some point with transactional lending. I hope you can learn something and enjoy!
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🚨🚨 DISCLAIMER 🚨🚨
❌ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY❌
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Пікірлер: 5
@vanillasf
@vanillasf Ай бұрын
Very interesting. Next time, try an arbitration clause in the contract so that the buyer cannot use the court system to his advantage. If he refuses the clause, you just saved money. Also I commend you for telling like it is, I just hate when I see Pace M claim insane % returns on EMD, this is just theory, like you pointed out, you can't expect to close on time, and your money is not used immediately with the same returns.
@brendapolar8506
@brendapolar8506 Ай бұрын
Thanks for sharing your experience and knowledge Ryan AND being so real about it!!✌🏼🔥
@xaedowulf
@xaedowulf Ай бұрын
Thanks for the tips Ryan!
@jamesfrazier4650
@jamesfrazier4650 Ай бұрын
Can we still send you referrals for prospects who need EMD funding?
@schrope_321
@schrope_321 Ай бұрын
Always!
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