Hello and good evening everyone! Are upfront fees necessary on private loans?

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YOU WILL PAY OUT OF POCKET FOR ANY LOAN THAT YOU ACTUALLY WANT TO GET FUNDED. NO EXCEPTIONS!

Now if you are a low level broker that just wants to shop everyone's loans then you can pretend to provide something  with $0 upfront but you will never succeed in this business and you will sit on my website with 26,000 other people pretending that you can complete a $0 down loan.

 In any business, there is a cost that comes along with getting results. I just thought I would be honest as I sit and watch hundreds of brokers and pretend "investors" search for the elusive $0 down loan and then wonder why they do not succeed.

I own 6 sfr rentals and 2 small apartment communities and I can honestly say that I agree with the owner. I have had to put money down with each investment purchase. Any potential investor should be prepared to make a cash investment. If not, you will never get funding.

Thanks for backing me up Joe Bennett! I can personally verify that Joe buys and sells several properties each year, owns 2 apartment complexes in NY, and makes what most of us would consider a HUGE income because he is not afraid to put money down.  He works hard, finds the best properties and does extensive research, and puts his money where his mouth is. I personally brokered his last loan. There you have it from a multimillionaire real estate investor on this website: if you want to make big money as a real estate investor, you must put your money where your mouth is and pay up front. You need a down payment and you need to pay lenders fees upfront in order to secure the financing that will allow you to buy millions of dollars worth of real estate investment properties.

Much love to the badass that owns this website. Thank you for all the advice @montylee

Hahaha Robert Boyd thank you sir!

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